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Money & Markets

Treasury recommends exploring creation of a digital dollar

WASHINGTON — The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar, saying it would help reinforce the U.S. role as a leader in the world financial system. The White House said on Friday that after President Joe Biden ...

Amtrak works to restore routes after rail labor accord

Amtrak on Thursday worked to accommodate travelers whose plans were disrupted this week ahead of a tentative railway labor agreement. Crowds were noticeably smaller at New Jersey stop on Amtrak’s Northeast Corridor line between Philadelphia and New York hours after the agreement was ...

A less-glitzy Detroit auto show returns after 3-year absence

DETROIT — When it came time to showcase its electric Chevrolet Equinox SUV to the public this year, General Motors decided against doing so at the big Detroit auto show, as it typically would have done in the past. Instead, it unveiled the Equinox six days earlier. GM’s decision ...

Businesses, White House plan for possible rail strike Friday

OMAHA, Neb. — Business and government officials are bracing for the possibility of a nationwide rail strike at the end of this week while talks carry on between the largest U.S. freight railroads and their unions. The railroads have already started to curtail shipments of hazardous ...

US, Mexico to cooperate on semiconductors, electric vehicles

MEXICO CITY — Mexico and the United States plan to take advantage of the Biden administration’s massive investment in semiconductor production to push the integration of their supply chains and cooperate on expanding the production of electric vehicles through Mexico’s nationalized ...

2 House chairs seek probe into airlines’ use of federal aid

Two leading House Democrats are asking for a federal investigation into whether airlines used any of the $54 billion they received in government pandemic relief to pay employees to quit. The lawmakers said Friday that buyouts to employees made a pilot shortage worse and contributed to ...