Business and finance news from Guardian US
Business
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Senator Elizabeth Warren criticizes the Fed’s rate moves, expressing fear that rate hikes will ‘drive this economy off a cliff’
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Prices could drop by about $1 a gallon at the pumps if measures are adopted but experts question effectiveness of gas tax holidays
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With exceptionally high turnover, the company risks churning though available labor pool by 2024
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Balwani, once Elizabeth Holmes’s romantic partner, could face 20 years in prison on charges he defrauded investors in blood startup
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In depth
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Unsparing inflation across basics from food and energy to housing is pushing millions into poverty, as our correspondents report
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Almost two-thirds of LGBTQ+ people are living paycheck to paycheck and many say they face ‘unique’ challenges
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The hip-hop mogul loves to rap about his roots in Brooklyn’s Marcy housing projects. But classes in cryptocurrency show the billionaire is out of touch, residents say
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Banks are raising rates to bring down inflation but there is a risk to economic growth
Around the world
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Chinese refiners cash in on heavily discounted Russian oil supplies, boosting imports by 55%
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Airline reduces services after Gatwick and Amsterdam caps, while Heathrow hit by luggage backlog
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Move by 11 establishments prompted by problem of groups ‘only looking to get drunk in the streets’
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Shanghai’s lockdown left millions without income for months, with many still ‘desperate’ for work despite restrictions easing
Featured topics
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Report on 300 top US companies found CEOs making an average of $10.6m, with the median worker getting $23,968
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