GLOBAL ECONOMY

The Biden administration is using every tool at its disposal to “unstick the ports” ahead of Christmas and is also aiming to partner with American industry to “incentivize” domestic production of semiconductor chips amid the global supply chain crisis, U.S. Secretary of Commerce Gina Raimondo said Sunday.

President Biden and European Commission President Ursula Von Der Leyen announced a new agreement on Sunday that includes lifting steel and aluminum tariffs as part of what Biden called “a new era of transatlantic cooperation.”

President Biden is convening world leaders at the Group of 20 summit on Sunday to talk about ways to relieve the supply chain bottlenecks hampering the global economy as it recovers from the coronavirus pandemic.

President Biden and other world leaders at the G20 Summit in Rome endorsed a global minimum tax on corporations.

Federal Trade Commission staffers have begun looking into disclosures that Facebook Inc.’s internal company research had identified ill effects from its products, according to people familiar with the matter.

A pair of new companies are being launched to tackle high drug costs, the latest sign of employer frustration with the middlemen, known as PBMs, whose job it is to keep down the spending.

President Biden's pick to the comptroller of the currency Saule Omarova also previously called the financial services industry the "quintessential a------ industry."

Larry Kudlow reports on Biden's 'tremendous blow' as the global supply chain, inflation, and energy crises nightmare continues.

Bank of America CEO Brian Moynihan noted that his customers currently have more money in the bank and are spending more, but warned that supply chain issues, labor shortages and inflation could have an impact on economic growth.

A Los Angeles Councilman and a former dean at the University of Southern California were indicted Wednesday on federal corruption charges connected to a bribery scheme, authorities said.

Larry Kudlow reports on labor shortages as the global supply chain nightmare continues.

White House officials, scrambling to relieve global supply bottlenecks choking U.S. ports, highways and railways, warn Americans may face higher prices and some empty shelves this Christmas season.

The Biden administration wants to reshape former President Donald Trump’s historic phase one trade deal with China but acknowledged the former president laid the groundwork.

The Biden admin is unveiling changes to trade policy with China aimed at forcing the country to follow through on commitments

The U.S. and European Union pledged Wednesday to deepen its alliance for the sake of advancing common priorities like artificial intelligence, trade challenges and the “underpin” to global economies: semiconductors.

The Cherokee Nation and three opioid distributors reached a $75 million settlement to resolve opioid-related claims against the companies, the tribe and the companies announced Tuesday.

Chinese technology giants have seized on a new legal tactic to fight claims of intellectual property theft, raising concerns in the U.S. that Beijing’s promises to strictly enforce patent and copyright laws will be undermined by Chinese courts.

Television host Mike Rowe premiered his new program "How America Works" on Monday on Fox Business Network, opening another chapter in the connection he has forged with America's tradesmen and essential workers.

The U.S. House Energy and Commerce Committee voted on Tuesday to give the Federal Trade Commission $1 billion to set up a bureau dedicated to improving data security and privacy and fighting identity theft.

The pharmaceutical company Pfizer has set explicit goals to fill a specific percentage of leadership positions with Black and Hispanic candidates by the year 2025 in the name of fighting "systemic racism."