Category: Business

Exxon and Macquarie in $11.7 Million US Lawsuit Over Broken Gas Contract During Texas Freeze

HOUSTON—Exxon Mobil Corp is suing Australia’s Macquarie Energy in a Texas court to avoid paying $11.7 million for missed deliveries during last month’s winter freeze in the central United States. The lawsuit, filed by Exxon’s natural gas business, said the massive storm and state declarations of emergencies prevented it from fulfilling its supply commitment to…


GM Looking to Build 2nd US Battery Factory, Tennessee Likely

DETROIT—General Motors says it’s looking for a site to build a second U.S. battery factory with joint venture partner LG Chem of Korea. The companies hope to have a decision on a site in the first half of the year, spokesman Dan Flores said Thursday. Flores would not say where the company is looking but…


White House Sidesteps Question Over Rising Gas Prices

The White House on Thursday sidestepped questions asking if President Joe Biden was doing anything to curb rising gas prices, as those in the industry warn motorists might face $3 per gallon in a matter of weeks. A reporter at the daily briefing asked White House press secretary Jen Psaki if Biden was planning to intervene…


WhiteHouse Sidesteps Question Over Rising Gas Prices

The White House on Thursday sidestepped questions asking if President Joe Biden was doing anything to curb rising gas prices, as those in the industry warn motorists might face $3 per gallon in a matter of weeks. A reporter at the daily briefing asked White House press secretary Jen Psaki if Biden was planning to intervene…


UK Tax Burden Set to Be Highest Since 1960s Due to Pandemic

Britain’s tax burden will rise to its highest level for over 50 years after the chancellor announced significant tax hikes to deal with the consequences of the pandemic. Delivering the annual budget in the House of Commons on March 3, Rishi Sunak, the chancellor of the Exchequer, said that corporation tax will be raised to…


Female Entrepreneurs: Here’s the Best Way to Build Confidence

Building a business can leave you feeling lonely. Week after week, through all the ups and downs, you start to doubt yourself. You’re tempted to give up. When you’re frustrated, maybe you sign up for a webinar, or pick the most recent bestselling book on productivity, or buy a new tool that will help you…


Alamo Drafthouse Cinemas Files for Bankruptcy, Seeks Buyer

AUSTIN, Texas—Alamo Drafthouse Cinemas, a Texas-based dine-in theater chain, said Wednesday that it has filed for bankruptcy due to financial woes during the pandemic. The company plans to find a buyer during its Chapter 11 bankruptcy, which allows it to continue operating while its managers and advisers work on repaying creditors. “The transaction will provide…


It’s Just Not Worth It

Dear Dave, Do you think I should get a new hybrid car to save money on gas? A lot of my friends have done this, and with the rise in gas and oil prices lately, they’re telling me I should, too. According to them, I’ll save a ton of money, especially since I have a…


Is Investing in the Stock Market Gambling?

Dear Carrie: My boyfriend is on his phone all the time trading stocks. Sometimes, he makes a lot of money quickly, and other times, he gets upset because he loses. Overall, though, he says it’s fun and that I should invest too (right now, all of my money is in savings). To me, it all…


Don’t Lose Sleep Over Future Cuts to Social Security

Readers are always telling me they are worried about the future of Social Security. And they say they are inclined to file for Social Security benefits before they originally planned to because they are convinced benefits will be dramatically cut as part of any upcoming Social Security reform. They plan to do this because they…