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Widespread lockdowns in China akin to the measures just taken in the southern technology hub of Shenzhen could affect half of the country’s gross domestic product, with negative implications for economies elsewhere too.

The war in Ukraine has touched off a feud between the White House and U.S. oil industry as many companies reap record profits from rising prices despite pumping less crude than before the pandemic, leaving American consumers beset by surging gasoline costs.

WASHINGTON — A $13.6 billion emergency package of military and humanitarian aid for besieged Ukraine and its European allies easily won final congressional approval March 10, hitching a ride on a government-wide spending bill that’s five months late but loaded with political prizes for both parties.

WASHINGTON — President Joe Biden announced March 11 the U.S. will dramatically downgrade its trade status with Russia as punishment for its invasion of Ukraine and also ban imports of Russian seafood, alcohol and diamonds.

Gasoline soaring above $4 a gallon this month has inspired comparisons to 2008, when pump prices sapped demand for fuel-guzzling SUVs and helped push Detroit’s automotive behemoths into bankruptcy.

Traders are snapping up ships to haul millions of barrels of diesel westward from Asia and the Middle East as oil supply chains react to Russia’s invasion of Ukraine.

American Trucking Associations, in a letter sent to the White House, is urging the Biden administration to expand domestic oil and natural gas production.

Last week, for what seemed like the zillionth time, lawmakers introduced a bill to end New Jersey’s status as the only state that prohibits motorists statewide from filling their own tanks. A Rutgers-Eagleton poll found that 73% of residents prefer to have an attendant do it for them, while 22% said otherwise.

The White House team leading President Joe Biden’s Infrastructure and Investment Jobs Act outlined its efforts to work through state and local governments to help them organize and access $1.2 trillion in federal funds.

WASHINGTON — Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of higher prices to come.