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Money & Markets

$40B pledged for gender equality, with $2B from Gates group

The U.N.-sponsored global gathering to promote gender equality generated about $40 billion in pledges Wednesday to help women and girls achieve that goal, partly fueled by a significant $2.1 billion contribution from Bill and Melinda Gates’ namesake foundation. The Bill and Melinda Gates ...

Roads, bridges, jobs: Biden selling big infrastructure deal

LA CROSSE, Wis. — President Joe Biden declared America urgently needs a “generational investment” in its infrastructure, as he looked to sell voters Tuesday on the economic benefits of the $973 billion bipartisan package that still faces an uncertain future in Congress. Biden traveled ...

Judge dismisses gov’t antitrust lawsuits against Facebook

WASHINGTON — A federal judge on Monday dismissed antitrust lawsuits brought against Facebook by the Federal Trade Commission and a coalition of state attorneys general, dealing a significant blow to attempts by regulators to rein in tech giants. U.S. District Judge James Boasberg ruled ...

All big banks pass latest Federal Reserve ‘stress tests’

NEW YORK — All 23 of the nation’s biggest banks are healthy enough to withstand a sudden economic catastrophe, the Federal Reserve said Thursday as it released the results from its latest “stress tests,” giving the banks the green light to resume paying out dividends to investors and ...

Teamsters aims to step up efforts to unionize Amazon workers

NEW YORK — The International Brotherhood of Teamsters, a union that represents 1.4 million workers, is setting its sights on Amazon. On Thursday, it will vote on whether to make organizing Amazon workers its main priority. The Teamsters accuse the nation’s second-largest private employer ...

Fed’s Powell says high inflation temporary, will ‘wane’

WASHINGTON — Federal Reserve Chair Jerome Powell on Tuesday responded to concerns from Republican lawmakers about spiking inflation by reiterating his view that current price increases will likely prove temporary. Consumer prices jumped 5 percent in May compared with a year earlier, the ...