Breaking News: Business

Looming UAW strike puts ‘Union Joe’ Biden in a tough position

WASHINGTON — President Joe Biden finds himself in a tough spot between his “Union Joe” persona and his aggressive climate goals…

Biden will nominate a former Obama official to run the Federal Aviation Administration

President Joe Biden will nominate a former Obama administration official to lead the Federal Aviation Administration after his first choice…

Biden hails West Coast dockworker union contract as possibility of UAW strike looms

WASHINGTON — President Joe Biden celebrated the recent West Coast dockworker contract in a ceremony at the White House on Wednesday.…

Congress returns with the clock ticking to avert government shutdown, fund U.S. disaster response

A deeply divided Congress returned Tuesday from a monthlong summer vacation with the clock ticking to pass spending legislation to…

FAA lifts brief nationwide ground stop for United Airlines

A brief nationwide ground stop for United Airlines flights was lifted Tuesday, the Federal Aviation Administration said. “Earlier today a…

Judge withdraws from Medicare drug price case after stock ownership is revealed

A federal judge on Friday withdrew from a case that could block Medicare from negotiating over drug prices, just hours…

Biden kept a Ford EV battery plant from going overseas. But not everyone is happy about it.

MARSHALL, MICH. – On a gusty morning in a quaint central Michigan town, the sun’s glow hits the brightly colored…

FEMA is down to its last $3.4 billion as Maui wildfires, Hurricane Idalia slam U.S.

The Federal Emergency Management Agency is running low on money to respond to natural disasters as the U.S. faces billions…

Taylor Swift, Beyoncé and ‘Barbenheimer’ are lifting consumer spending this quarter. But Morgan Stanley says it may not last

Consumer spending may not be out of the woods. Real spending is expected to come in 1.9% higher in the…

Sixth Street — which manages more than $70 billion — is betting big on sports teams and live events

(Click here to subscribe to the Delivering Alpha newsletter.) “It’s very difficult to buy a sports team and lose money,” Carlyle Co-Founder…