The Biden Administration has announced a set of actions to expand offshore wind jobs, grow clean energy economy, and local economic development across the United States. Prominent among them, the Department of the Interior is proposing the first-ever offshore wind lease sale for three areas in the Gulf of Mexico, offshore Texas and Louisiana. The Proposed Sale Notice (PSN) announced Wednesday incl...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.