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The number of ships that can travel through the vital route has fallen sharply this year because of a lack of water for the locks, raising costs and slowing deliveries.
Source: Drought Saps the Panama Canal, Disrupting Global Trade
The United Automobile Workers union announced the deal with Stellantis, the parent of Chrysler, Jeep and Ram. It also expanded its strike against G.M.
Source: U.A.W. Reaches Tentative Deal With Stellantis, Following Ford
Dry weather has pushed up the cost of crucial candy ingredients, driving the prices of candy bars and packs of gum higher.
Source: Halloween Candy Is Getting Pricier
Wall Street’s most closely watched succession saga ended with the selection of Ted Pick as the bank’s next leader. But he now must keep the momentum going.
Source: Morgan Stanley’s Post-Gorman Era Begins
Gross domestic product expanded at a 4.9 percent annual rate over the summer, powered by prodigious consumer spending. But the pace is not expected to be sustained.
Source: U.S. Economic Growth Accelerated in the Third Quarter
PEPFAR, created by President George W. Bush in 2003 to combat the disease, faces an uncertain future now that its authorizing legislation has lapsed.
Source: Bush’s Institute Issues an Urgent Plea for Congress to Renew His AIDS Program
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The lawmakers vying for the job include veterans of the House, committee chairmen, a top member of Republican leadership and a sophomore.
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Source: Meet the Republicans Running for House Speaker
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The South Carolina senator and 2024 presidential candidate said a “longer process” was needed to determine how much aid to send to Ukraine, while Israel demanded immediate attention.
Source: Tim Scott Opposes Package Tying Aid to Israel and Ukraine
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Source: Private Equity Stays Bullish on Pay as Bonus Season Nears