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MORE FROM BUSINESS

1d ago

The U.S. economy added 339,000 jobs in May, once again beating expectations

The unemployment rate was at 3.7% against the estimate of 3.5%, just above the lowest level since 1969.
Removal of falsework under Sixth Street bridge in Los Angeles.
Removal of falsework under Sixth Street bridge in Los Angeles.
2d ago

Senate passes debt ceiling bill, averting disaster

President Joe Biden is expected to sign the bill well ahead of Monday's debt ceiling deadline, bringing an end to months of negotiations over paying the nation's bills.
Senate Majority Leader Chuck Schumer, D-N.Y., with President Joe Biden at the Capitol on March 2, 2023.
Senate Majority Leader Chuck Schumer, D-N.Y., with President Joe Biden at the Capitol on March 2, 2023.
2d ago

The Senate will vote on the debt ceiling deal Thursday night

Senate leaders have gotten an agreement on amendment votes that will allow the chamber to vote on the debt limit bill Thursday night and send it to President Joe Biden's desk.
US Senate Majority Leader Chuck Schumer (D-NY) speaks during a news conference following Senate Democrat policy luncheons at the US Capitol in Washington, DC, on May 31, 2023. Congressional leaders were racing to secure backing for a cross-party deal to raise the US debt limit and avert a first-ever default as they faced a growing backlash from conservatives ahead of a crucial Wednesday evening vote. The Fiscal Responsibility Act -- hammered out between Republican Speaker Kevin McCarthy and Democratic President Joe Biden -- needs a simple majority to clear the 435-member Republican-controlled House of Representatives and head to the Senate.
US Senate Majority Leader Chuck Schumer (D-NY) speaks during a news conference following Senate Democrat policy luncheons at the US Capitol in Washington, DC, on May 31, 2023. Congressional leaders were racing to secure backing for a cross-party deal to raise the US debt limit and avert a first-ever default as they faced a growing backlash from conservatives ahead of a crucial Wednesday evening vote. The Fiscal Responsibility Act -- hammered out between Republican Speaker Kevin McCarthy and Democratic President Joe Biden -- needs a simple majority to clear the 435-member Republican-controlled House of Representatives and head to the Senate.
2d ago

Head of JPMorgan Chase says he never met Jeffrey Epstein, who kept millions at the bank for 15 years

JPMorgan Chase CEO Jamie Dimon was deposed last week by lawyers for plaintiffs suing the bank over its alleged role in enabling Epstein’s sex trafficking.
Jeffrey Epstein in May 18, 2005 - Launch of RADAR MAGAZINE held at Hotel QT, 2005.
Jeffrey Epstein in May 18, 2005 - Launch of RADAR MAGAZINE held at Hotel QT, 2005.

In blow to unions, Supreme Court rules company can pursue strike damage claim

The ruling means Glacier Northwest Inc. can sue over its claim that wet concrete loaded onto trucks was rendered useless after workers walked off the job.
Detail shot of the Supreme Court
Detail shot of the Supreme Court

Walmart hasn't made changes to LGBTQ-themed merchandise in wake of Target backlash

Walmart said it hasn’t changed its security measures in response to the confrontations its competitor Target cited at its own stores.
Image: Customers shop at a Walmart store on May 18, 2023 in Chicago.
Image: Customers shop at a Walmart store on May 18, 2023 in Chicago.
2d ago

Most Americans say companies should publicly support LGBTQ community, survey finds

3 out of 4 respondents said they feel comfortable seeing LGBTQ people in advertisements, according to a new survey by the LGBTQ advocacy group GLAAD.
A display of Target's Pride Collection.
A display of Target's Pride Collection.
2d ago

Spirit Airlines blames huge delays and cancellations on a technical issue

The airline said the problem was affecting Spirit.com, the Spirit Airlines app and its airport kiosks, delaying three-quarters of its flights.
A Spirit Airlines plane at Austin-Bergstrom International Airport in Austin, Texas, on March 11, 2023.
A Spirit Airlines plane at Austin-Bergstrom International Airport in Austin, Texas, on March 11, 2023.
2d ago

McCarthy proves his naysayers wrong

House Speaker Kevin McCarthy defied his critics to win the speaker’s gavel, then did it again in striking a debt deal with President Joe Biden. Now he and his allies are taking a victory lap.
House Speaker Kevin McCarthy speaks about the debt ceiling negotiations on Capitol Hill on May 24, 2023.
House Speaker Kevin McCarthy speaks about the debt ceiling negotiations on Capitol Hill on May 24, 2023.

Biden-McCarthy debt ceiling bill passes the House and will head to the Senate

The bill passed on a bipartisan vote Wednesday, losing a faction of Republicans who said it was insufficient to tackle the debt, as well as Democrats who opposed its spending cuts.
A side by side of Joe Biden with a blue overlay and Kevin McCarthy with a red overlay.
A side by side of Joe Biden with a blue overlay and Kevin McCarthy with a red overlay.

Government proposes rule to require automatic emergency braking systems in new cars

The government is aiming to save more lives and prevent injuries by requiring automatic emergency braking systems in all new cars and light trucks. NBC News’ Tom Costello has more details on the new proposal.
Government proposes rule to require automatic emergency braking systems in new cars
Government proposes rule to require automatic emergency braking systems in new cars

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