Wars

The United States on Thursday announced a raft of new financial sanctions on Russian lawmakers and defense companies, further ratcheting up financial pressure on Moscow over its invasion of Ukraine.

A bipartisan group of senators is working with the Treasury Department to prevent Russia from liquidating its giant stash of gold, potentially blocking one of the Kremlin's last methods for circumventing punishing financial sanctions.

Top Biden administration officials will meet on Monday with executives from banks, oil companies and other firms to discuss the impact from the Russia-Ukraine war and the ensuing sanctions from the U.S. and its European allies.

International officials met in February to map out a strategy to financially cripple Russian President Vladimir Putin amid Russia's invasion of Ukraine, a strategy that sparked the global economic war against Putin.

When the White House invited TikTok stars for a briefing last week on Russia's invasion of Ukraine, the Biden administration pre-screened their questions, several attendees told FOX Business.

Russia claimed on Thursday that it had fulfilled a critical interest rate payment on two dollar-denominated bonds, potentially avoiding a historic debt default.

Goldman Sachs economists warned the probability of the U.S. economy plunging into a recession in the next year has risen dramatically in the wake of the Russia-Ukraine war.

As gas prices continue to soar and the U.S. public feels the heat on their budgets, green energy groups see an opportunity to accelerate popular support for a transition from fossil fuels.

Tech billionaire Elon Musk doubled down on his challenge to duel Vladimir Putin of Russia in “single combat” for the fate of Ukraine Tuesday while ribbing Chechen leader Ramzan Kadyrov, a Kremlin ally and fearsome militant who called the world's richest man “effeminate."

Manufacturing activity in New York state plunged in March for the first time since the early days of the COVID-19 pandemic as orders and shipments dropped and delivery times increased.

Biden has recently made a concerted effort to blame Russia's ongoing invasion of Ukraine as the main source of economic turmoil in the U.S., pointing to disrupted markets.

Prolific energy author Daniel Yergin didn't name Special Presidential Climate Envoy John Kerry in an interview with FOX Business, but he criticized the former secretary of state's plans for cutting carbon emissions.

The Biden administration tapped teenage TikTok influencers last week to coordinate messaging on Russia’s invasion of Ukraine and blame Vladimir Putin for rising gas prices, according to a recording of a call between White House officials and the social media stars.

Russian prosecutors have issued stern warnings to Western businesses operating in Russia, threatening to arrest corporate leaders who criticize the Kremlin or to seize the assets of companies that pull out of the nation.

The CERAWeek conference in Houston brought dignitaries from 87 countries to discuss the future of energy.

Sen. Lisa Murkowski, R-Alaska, said President Biden needs to take firm action to increase energy production in response to a question from FOX Business Friday.

Carlyle Group co-chairman David Rubenstein told FOX Buiness that the major lesson of the Russia-Ukraine war for the energy industry is that carbon energy sources are here to stay.

Despite scares at Ukraine's nuclear power plants during Russia's invasion, advocates say the threat to international energy security may increase interest in nuclear energy.

Biden questions if gas vendors are squeezing consumers for extra dollars at the pump amid soaring prices.

U.S. Energy Secretary Jennifer Granholm Wednesay said energy companies need to be "producing more right now" to counter rising prices.