US Treasury Secretary Janet Yellen has warned that the United States could see a recession and "cause a global financial crisis" if it defaults on its national debt as lawmakers grapple over raising the debt limit.

Google's parent company Alphabet announced Friday it will cut about 12,000 jobs globally, citing a changing economic reality as it became the latest US tech giant to enact large-scale restructuring.

Tight labor market data cause US stock indexes to fall as many are worried about rising interest rates.

Yellen warns of irreparable harm to the US economy if Congress does not deal with the debt limit.

Chevron's first cargo of Venezuelan oil departs for US more than a month after US issued special license.

Concerns about future of the global economy and rising COVID cases in China cause oil prices to fall.

Turkey’s Erdogan says natural gas reserves of the country in Black Sea have increased in volume.

A price cap on Russian oil decided by the Group of Seven comes into effect starting Monday.

A document shows EU countries have reached an initial agreement for a price cap on Russian oil.

Washington grants its oil giant Chevron Corp an exemption from Venezuelan sanctions.