Phillips 66 Announces Shutdown of L.A. Refinery, Impacting 900 Workers
Phillips 66 announced on Wednesday that it plans to shut down its Los Angeles-area refinery by the end of 2025. The decision will affect approximately 900 »
Mohamed El-Erian on Fed: Time to Get Out of Data Dependency
Home-Purchase Demand Destruction Accelerates, Prices Too High, Buyers’ Strike Deepens: Sales of Existing Homes Head for Worst Year since 1995
The extent to which demand for existing homes has collapsed and remains collapsed is astounding, but ultimately not surprising: Demand plunged in 2022 when mortgage rates »
Nestlé Says Slowdown in Rising Food Costs Isn’t Soothing Pinched Shoppers
Shoppers around the world are spending more cautiously, Nestlé warned Thursday, prompting the packaged-food company to increase promotions to persuade consumers to open their wallets. “The »