President Biden calls on Congress to suspend the federal gas tax for 90 days

President Joe Biden calls on Congress to suspend the federal gas tax for 90 days. The federal tax currently stands at 18 cents for a gallon of regular gasoline, and 24 cents per gallon of diesel...

Oil slumps 4% as Biden set to cut fuel costs for drivers

U.S. President Joe Biden is expected to ask Congress to consider a three-month suspension of the 18.4 cents per gallon federal tax on gasoline. Biden is also expected to call on states to suspend...

Chevron CEO urges Biden to stop criticizing Big Oil, take new approach

Chevron says reducing fuel prices will require "a change in approach" by the government. The letter is the latest in a series of acrimonious exchanges between the U.S. oil industry and President...

Biden mocks 'sensitive' Chevron CEO Michael Wirth in spat over gas price claims

Biden: “He’s mildly sensitive. I didn’t know they’d get their feelings hurt that quickly.” “We need more refining capacity,” Biden said. “This idea that they don’ts have oil to drill and to bring...

US oil industry extends another olive branch to Washington

Shortly following Russia's invasion of Ukraine, the CEOs of Pioneer and Devon (DVN) indicated they were willing to work with Washington in a coordinated effort to increase US...

Insana: ‘Be careful what you wish for’ as the Fed steps up aggression on monetary policy

The Fed is now facing mounting complaints that its more aggressive inflation-fighting plans will drive the U.S. economy into recession. With housing activity declining sharply in the United States...

60% of CEOs expect recession by 2023: Conference Board

Survey: 60% of CEOs expect the economy to contract in their primary region of operations by the end of 2023. 15% say they believe their region has already entered recession. This increasingly...

Recession Fears Surge Among CEOs, Survey Suggests - WSJ

More than 60% of CEOs expect a recession in their geographic region in the next 12 to 18 months. Survey of 750 CEOs and other C-suite executives released Friday by the Conference Board. Survey...

Chase is giving customers one extra day before charging overdraft fees, which still yield billions of dollars for banks

Chase will give customers until the end of the next business day to cover the overdrawn amount in their accounts to avoid being charged a fee. The change is among many actions the bank announced...

Biden threatens oil companies with 'emergency powers' if they don't boost supply amid inflation spike

Biden has recently faced criticism for a lack of executive action aimed at curbing inflation. "Historically high refinery profit margins are worsening that pain," Biden wrote. "There is no...

I coach CEOs of multimillion-dollar businesses

Today, I coach CEOs at businesses ranging from startups to multimillion-dollar global corporations. In the past 20 years of my career, I've run many global teams at Fortune 500 companies. I know...

CEOs of GM, Ford and other automakers urge Congress to lift electric vehicle tax credit cap

The CEOs of GM, Ford, Stellantis and Toyota North America are urging Congress to lift the sales cap on the federal government's $7,500 electric vehicle tax credit. The executives contend the...

Hundreds of high-powered CEOs—from Lyft to Bain Capital

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Elon Musk May Be Right About a Controversial Subject

The pandemic forced the vast majority of office workers to work from home. For many workers that may have been the only good part of the covid quarantine and shutdown. While their lives were...

Travel industry calls on White House to end Covid-19 testing requirement for travelers from overseas

The push comes after the United Kingdom, Italy, Greece and others have lifted similar requirements. The U.S. still requires all travelers flying into the country to provide proof of a negative...

Pressure mounts on Senate to act on gun safety amid Republican resistance

Relatives of victims urge action while group of over 220 CEOS send joint letter pushing Senate to address gun violence

Exclusive: CEOs call on Senate to pass gun legislation

It's the latest example of Corporate America delving into an issue where solutions often break down along partisan lines.

Essential workers have labored heroically’: Pay gaps between CEOs and employees have widened, despite workers...

The average gap between CEO and median worker pay jumped to 670 to 1, up from 604 to 1 in 2020. Pay increases for workers did not keep pace with inflation at more than one-third of the companies...

Netflix, BlackRock CEOs Among Those Newly Sanctioned by Russia

A handful of prominent American CEOs, including BlackRock’s Larry Fink and the bosses at Delta Air Lines, Netflix and Universal Pictures, have landed on a fresh list of sanctions Russia has...

CEOs are enjoying huge paydays while their workers struggle to pay bills

A new report finds the gap between executive and worker pay is only widening. The typical low-wage worker's pay didn't keep pace with inflation last year at more than a third of the companies...

Wage gap between CEOs and US workers jumped to 670-to-1 last year, study finds

CEOs made an average of $10.6m, while the median worker received $23,968. The ratio was up from 604-to-1 in 2020. The average CEO received $670 in compensation for every $1 the worker received....

CEO-worker pay gap jumps in 2021 at low-wage U.S. companies

The average gap was 670 to 1, up from 604 to 1 in the prior year. Average CEO pay in the group climbed $2.5 million to $10.6 million. The findings will give new ammunition to investors who push...

The corporate response to politics is a partisan issue. That's bad news for CEOs

Less than one-third of Americans support a company's leadership speaking out on politics when leaders are not advocating for a position the worker holds. 71% of Democrats say they would approve of...

How companies are shifting their office spend to lure reluctant workers back

As companies navigate having both in-office and at-home workers, the role of the traditional office is being reconsidered. Having less people in an office every day could mean cutting space, but...

Corporate America Is Sounding the Alarm on the Economy

CEOs from Jamie Dimon to Elon Musk are warning of an economic downturn. "We’ve got a long ways to go in raising interest rates to fight inflation," says RH CEO Gary Friedman. The U.S. economy is...

CEOs warn that US households are burning through savings at an alarming rate, and could run out within months

US households gained about $2.5 trillion in excess savings since March 2020 from stimulus and higher wages. The extra cash has helped keep consumer spending strong, which in turn has driven prices...

Gas or renewables? With the world in an unprecedented energy crisis, top CEOs are searching for solutions

Energy markets have been roiled in recent months, with gas and oil prices surging. Fears over security of supply heightened following Russia's invasion of Ukraine. Last week Fatih Birol, the...

How Jamie Dimon's 'hurricane' warning compares to what other big-time CEOs are saying

JP Morgan CEO Jamie Dimon said the U.S. economy is facing a "hurricane" Dimon was speaking at a conference sponsored by AllianceBernstein Holdings. Dimon: "Everyone thinks the Fed can handle this....

US households could burn through savings within months

US households gained about $2.5 trillion in excess savings since March 2020. The extra cash has helped keep consumer spending strong, which in turn has driven prices higher. Now inflation is...

Investor Exposure To Risk Assets About To 'Catching Down?'

Americans have very little confidence in the economy. The spread between how we feel about the present and our expectations for the future suggests the high likelihood of recession. CEOs may...

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