Virginia House and Senate clash over data center tax breaks

U.S. GDP growth for the fourth quarter was revised down to 0.7% due to lower consumer spending, business investment, and export growth, government data shows.

Oil prices fell as an Indian tanker passed through the Strait of Hormuz and the U.S. issued measures to ease supply concerns amid Middle East conflict disruptions.

The U.S. Customs and Border Protection is 40% to 80% complete building a system to refund $166 billion in illegal tariffs, with operations expected by mid-April.

The U.S. labor market lost 92,000 jobs in February in a striking loss signaling the economy’s vulnerability after a tough month for health care industry jobs, which have been propping up the labor market. The unemployment rate ticked up to 4.4 percent, according to new data from the Bureau of Labor Statistics. Forecasters had predicted […]

U.S. Energy Secretary Chris Wright says oil prices are unlikely to reach $200 a barrel despite disruptions in the Strait of Hormuz caused by the Iran conflict.