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Money & Markets

US automakers pledge huge increase in electric vehicles

WASHINGTON — Declaring the U.S. must “move fast” to win the world’s carmaking future, President Joe Biden on Thursday announced a commitment from the auto industry to produce electric vehicles for as much as half of U.S. sales by the end of the decade. Biden also wants automakers to ...

Mexico sues US gun manufacturers over arms trafficking toll

MEXICO CITY — The Mexican government sued United States gun manufacturers and distributors Wednesday in U.S. federal court, arguing that their negligent and illegal commercial practices have unleashed tremendous bloodshed in Mexico. The unusual lawsuit was filed in U.S. federal court in ...

NLRB preliminary finding revives labor organizing at Amazon

NEW YORK — A recommendation to nullify the election results of an Amazon union vote in Bessemer, Alabama is breathing new life into the labor movement. The recommendation was issued Monday by a hearing officer for the National Labor Relations Board, who said that Amazon potentially ...

$1T infrastructure bill gets first action as senators dig in

WASHINGTON — Senate Majority Leader Chuck Schumer sought to speed up consideration of a nearly $1 trillion bipartisan infrastructure package Monday, promising that Democrats would work with Republicans to put together amendments for consideration this week. GOP senators cautioned that they ...

US economy surpasses pre-pandemic size

WASHINGTON — Fueled by vaccinations and government aid, the U.S. economy grew at a solid 6.5 percent annual rate last quarter in another sign that the nation has achieved a sustained recovery from the pandemic recession. The total size of the economy has now surpassed its pre-pandemic ...

Infrastructure deal: Senate suddenly acts to take up bill

WASHINGTON — The Senate voted Wednesday night to begin work on a nearly $1 trillion national infrastructure plan, acting with sudden speed after weeks of fits and starts once the White House and a bipartisan group of senators agreed on major provisions of the package that’s key to President ...