Will mounting debt be the factor that finally plunges the economy into recession?

The European Commission wants the power to force companies to fill orders within the European Union first during times of crisis, or risk fines.

Nvidia says the U.S. government requires a new license, effective immediately, to address the risk of chips being "used in, or diverted to a 'military end use'... in China and Russia."

Bed Bath & Beyond Inc. unveiled a turnaround plan that envisions new financing, sweeping store closings and the sale of as many as 12 million shares of stock, delivering another jolt to the investors who had piled into the retailer even as its troubles mounted.

Consumer-electronics retailer Best Buy added to the mounting signs of ample capacity and receding freight rates, with a note that transportation markets are “stabilizing and moderating” heading into the fall peak season.

The manufacturing supply chain has been bruised and battered in the last few years, and the hits keep on coming: the pandemic, extreme weather, geopolitical challenges, the Great Resignation, and a wave of retirements – and now, global inflation.

Citi, the U.S. bank with the biggest presence in Russia, has been trying unsuccessfully to find a buyer for its business. A spokesperson told BBC News that, while its local consumer business would close, Citi would continue to support multinational institutional clients in the country.

Cargo has turned out to be the difference maker for airlines navigating the pandemic. Just look at Korean Air, which has prospered largely because it expanded its substantial cargo business.

U.S. crude sales overseas are set to hit fresh records through next year as American oil increasingly takes market share in Europe.