Business & Economy

The United Auto Workers announced a strike at three plants — one each at Ford, General Motors and Stellantis — overnight after failing to agree on a contract with the so-called Big Three auto companies. Though right now only those three auto plants are targets, the UAW has said that …

The election is still 423 days away, and Biden and his chief super PAC are already running TV ads in nearly every major battleground state — far earlier than normal for a presidential election. And instead of going on the attack, as super PACs usually do, the ads are trying …

For months, the president and members of his Cabinet have crisscrossed the country to preach the message the administration has packaged as “Bidenomics,” and in anticipation of the Labor Day holiday, Biden has been driving that message even harder. In an op-ed in the Milwaukee Journal Sentinel on Sunday, the …

“It’s a complicated relationship,” Raimondo said. “There’s no doubt about it. We are in a fierce competition with China at every level. And anyone who tells you differently is naive. All of that being said, we have to manage this competition. Conflict is in no one’s interest.” The Commerce secretary, …

The Fed wants to see hiring slow because intense demand for labor tends to inflate wages and feed inflation. The central bank hopes to achieve a rare “soft landing,” in which its rate hikes would manage to slow hiring, borrowing and spending enough to curb high inflation without causing a …

The emergency funding, approved early in Biden’s presidency, helped 80 percent of providers nationwide pay down debts and hold onto employees, averting a wave of program closures and child care shortages. Now, though, that financial support is coming to an end. The White House signaled earlier this month it wouldn’t …

The signs of dissatisfaction with Democrats didn’t end there. Respondents were also asked about the rise in crime and border issues. Democrats got zeros across the board. Perhaps most troubling of all, some respondents indicated that they preferred the economy under former President Donald Trump. “Our economy is the lowest …

In recent months, the Biden administration has hit hard the president’s economic policy, known as “Bidenomics,” amid falling inflation, steady job growth and diminished talk of a forthcoming recession. But it’s struggled to catch on, evidenced by the poll also finding that only 34 percent of surveyed Americans would describe …

“If you look at where the puck’s going to be a year from now,” said a White House official granted anonymity to discuss strategy, “inflation’s going down and the term Bidenomics is going to come to signify … President Biden has a plan. They may not be able to list …

“DeSantis made a fatal error — his whole anti-Disney, anti-corporate stance is so foolish,” said Kathy Wylde, president and CEO of the Partnership for NYC — a trade organization that represents Wall Street executives. “I know a donor to him who sat him down, and told him what a mistake …

The Mega Millions jackpot is anticipated to surge to a record-breaking $1.55 billion in the next drawing, eclipsing its previous highest pot of $1.537 billion from October 2018. In the Friday night’s draw, no jackpot-winning ticket was sold for the numbers 11, 30, 45, 52, 56, and a gold Mega …

“The labor market data has been on a glide path to a soft landing the last several months, and today’s report continues us down that path,” Omair Sharif, president of Inflation Insights, said in a research note on Friday. Biden’s hopes for a second term could well depend on it. …

The survey found voters are not excited about their options, with 55% of respondents saying they view Donald Trump either somewhat or very unfavorably, and 54% for Joe Biden. | Patrick Semansky/AP Photo Joe Biden and Donald Trump are tied in a hypothetical rematch at 43% support for their return …

But there’s reason to be skeptical that concrete action will come soon, if at all. There’s no clear timeline for the project and little in the way of overt direction, outside of analyzing various theories for defusing the debt ceiling. And for the growing cadre of lawmakers, economists and legal …

But last week’s publication of Freedom Conservatism: A Statement of Principles, with signatories including Dick Armey, Karl Rove, Grover Norquist, George Will and a cross-section of Washington think-tank worthies, made a splash precisely because so many old Republican shibboleths have moved from being stump-speech cliches to being subjects of actual …

In fighting inflation, which last year hit a four-decade high, the Fed has raised its benchmark rate 11 times since March 2022, most recently on Wednesday. The resulting higher costs for a broad range of loans — from mortgages and credit cards to auto loans and business borrowing — have …