Fresh off some historic wins for the labor movement, United Auto Workers President Shawn Fain could be the man who makes the biggest difference for President Biden in key Midwestern swing states in the fall. The union leader has soared to prominence over the past year by leading the UAW …
The Biden administration said on Friday that it was delaying a decision on whether to ban menthol cigarettes, effectively quashing a proposal that has divided Black American voters and fueled million-dollar lobbying campaigns from the tobacco industry in this presidential election year. The White House has faced considerable resistance from …
Michael C. Jensen, an economist and Harvard Business School professor whose evangelizing for stock options, golden parachutes and leveraged buyouts helped to reshape modern capitalism and empower Wall Street’s greed-is-good era, died on April 2 at his home in Sarasota, Fla. He was 84. The death was confirmed by his …
Rising prices have made people grumpy. They have depressed consumer confidence, despite a growing economy and low unemployment. But exactly how inflation is hurting, helping and confusing people is hard to understand. Everyone knows that the cost of living has increased. Yet unless you’re constantly pulling out a calculator, you’re …
Peter Chu, a retired lawyer living in Portland, Ore., pays nearly $400 a month for his storage unit in Seattle, where he used to live. That rate has gone up by roughly $150 since 2022. Mr. Chu is caught in an industry that was booming a few years ago during …
An effort to give Trump more say on rates This week, investors had planned to examine the latest inflation data, due out at 8:30 a.m. Eastern on Friday, for clues about when the Fed would start cutting interest rates. But they now have something potentially bigger to digest. The Wall …
It takes creativity, compromise, determination — and more money than ever — to buy home in America right now. Last year, just over 4 million existing homes sold in the United States — the lowest number in nearly three decades, according to the National Association of Realtors. Loans have gotten …
Economists call the phenomenon agglomeration, which feels like an onomatopoeia: It’s the sound businesses make as they cluster together to take advantage of a skilled workforce and shared base of suppliers and buyers. The coronavirus pandemic added a new agglomeration specialization to our list: management. From the moment our ancestors …
After Baltimore’s Bethlehem Steel mill tumbled into bankruptcy and a nearby General Motors plant closed its doors, state and local officials were not about to let the city’s port follow them into commercial oblivion. The docks that handled shipments of coal, cars and consumer goods were just about the last …
Colleges nationwide have become major staging grounds for pro-Palestinian protests and demonstrations. And campus activism is focusing intensely on university endowments — the vast financial holdings that fund anything from financial aid to new buildings. From Boston to California, students are calling on universities to cut ties with Israel’s economy, …
