Biden backs lifting tips tax

August 12, 2024

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Welcome to The Hill’s Business & Economics Newsletter

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Business and Economics

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UAW president slams Trump for being ‘all talk’, contrasts with Harris

The United Auto Workers union (UAW) released a new video on Monday slamming former President Trump as “all talk,” intensifying a long-running feud between the Republican presidential candidate and UAW President Sean Fain.

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The Biden administration on Monday launched a new initiative, “Time is Money,” aimed at cracking down on “corporate tactics” that cause unnecessary pain in Americans’ lives.

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Ticker

Upcoming news topics and events to watch:

of National Independence League The business will release Small Business Optimism Index Tuesday morning.

In other news

Here’s a more detailed account of what happened that day:

Vance backs Trump’s support for the president’s “right to have a say” on Federal Reserve interest rate policy

WASHINGTON (AP) — J.D. Vance has supported former President Donald Trump’s bid for the White House.

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Good to know

Business and economic news from other media:

Stock prices fluctuate Traders are struggling to build on last week’s recovery.CNBC)
Organizer Olympic Economists say it has become financially unsustainable.CNN)
NVIDIA is one of BofA’s top “rebound” stocks. See the others here.Market Watch)

What others are reading

Top stories on The Hill right now:

How to watch Trump and Elon Musk’s interview

Tech billionaire Elon Musk is scheduled to interview former President Donald Trump on his social platform X on Monday night, the former president’s latest attempt to gain attention in his fierce election race against Vice President Harris. read more

Harris Gains Momentum Against Trump in National and Battleground State Polls

Vice President Harris outperformed former President Trump in an average of national polls managed by Decision Desk HQ/The Hill, highlighting the new Democratic presidential candidate’s rapid gains in the polls. read more