 | | | | U.S. President Joe Biden said he was "deeply troubled" by reports Kellogg Co planned to hire permanent replacements for striking unionized employees after they voted down a proposed contract this week. | | | | | | Four of the biggest meat-processing companies, using their market power in the highly consolidated U.S. market to drive up meat prices and underpay farmers, have tripled their own net profit margins since the pandemic started, White House economics advisers said. | | | | | | Wall Street advanced on Friday and the S&P 500 notched an all-time closing high, as market participants digested an inflation reading that was in line with consensus, but also marked the largest annual increase in consumer prices in nearly four decades. | | | | | | Canada dramatically hardened its tone with Washington in a dispute over proposed U.S. credits for electric vehicles on Friday, threatening to slap tariffs on a range of American goods unless the matter was resolved. | | | | | | The U.S. Federal Aviation Administration said on Friday it had found no safety issues after investigating allegations made against Blue Origin's human spaceflight program. | | | | | | Wall Street was modestly higher on Friday, with stocks pulling back from earlier highs as market participants digested hot inflation data, which while in line with expectations also notched the largest annual increase in consumer prices in nearly four decades. | | | | | | The Biden administration has ordered U.S. government agencies to immediately stop financing carbon-intensive fossil fuel projects overseas and prioritize international collaborations to deploy clean energy technology, according to U.S. diplomatic cables. | | | | | | U.S. drillers this week added oil and natural gas rigs for the sixth time in seven weeks as demand for energy keeps growing after last year's coronavirus demand destruction. | | | | | | U.S. oil and gas producer ConocoPhillips will quit Indonesia, selling its assets there for $1.355 billion to domestic energy company Medco Energi Internasional , and beef up in Australia as it continues to reshape. | | | | | | The U.S. Federal Reserve's experiment with running a "hot" economy has edged into historically uncharted territory, with an unemployment rate never reached without associated central bank rate increases and now levels of inflation that in the past also prompted a policy response. | | | | | |
