Business

Electricity customers across China were forced to spend periods of the last few weeks in the dark as utilities cut out the lights to manage significant...

Lawmakers were forced to pass stopgap legislation to avert an imminent and complete government shutdown. The risk of the latter came after the Democrats failed to reach a deal on a new budget with the Republicans, or at least achieve intra-party unity on Biden's infrastructure bill to pass it unilaterally.

Inflation unexpectedly accelerated in August, as shortages of a wide range of consumer goods and services drove up prices.

The Senate passed an emergency funding bill that will keep the federal government operating past a Thursday deadline.

Surging oil prices 'one of the biggest drivers'

The Tesla CEO said that the current US administration is a “little biased or something.”

On Monday, Elon Musk became the third person ever to amass a fortune worth $200 billion, according to Forbes, surpassing Amazon founder and rival space billionaire Jeff Bezos in the process. Reached for comment by Forbes, Musk took a celebratory crack at Bezos.

Oil prices on Tuesday hit a near-three-year high amid energy supply shortages, the Wall Street Journal reported.

“It’s going to cost nothing,” President Biden said of the Democrats’ massive $3.5 trillion spending binge, which House Speaker Nancy Pelosi is scrambling to pass this week.

President Biden’s big government legislative agenda will kill 5.3 million jobs and generate $4.5 trillion in debt, according to a Monday study by the Texas Public Policy Foundation.