Manchin, Sinema dash Democratic labor board hopes

December 12, 2024

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Welcome to The Hill's Business & Economics Newsletter

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business and economy

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Schumer says Senate will vote on changes to Social Security

Senate Minority Leader Chuck Schumer of New York said Wednesday that he is “committed” to passing legislation to enact parts of Social Security before Congress launches new classes next month.

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President Trump rings the opening bell at the New York Stock Exchange

President-elect Trump is scheduled to ring the opening bell at the New York Stock Exchange (NYSE) in New York on Thursday, a person familiar with the plans said.

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Pro: Powell can serve the remainder of his term as Fed chair

Scott Bessent, President-elect Trump's pick to lead the Treasury Department, said Tuesday that Federal Reserve Chairman Jerome Powell could lead the central bank for the remainder of his term.

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of producer price index (PPI) november Published Thursday morning at 8:30 a.m. ET.

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Stock Market Today: Wall Street Returns Up, Nasdaq Breaks Above 20,000

NEW YORK (AP) – U.S. stock indexes returned to gains Wednesday following the latest information on inflation…

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What you need to know

Business and economics news from other news outlets:

Alphabet and Tesla hit new records, lifting Nasdaq alongside Amazon and Meta Over 20,000 (CNBC)
earthquake political change likely to continue (new york times)
Elon Musk becomes the first person to reach total net worth $400 billion (CNN)

What other people are reading

Current Top Stories on The Hill:

Mace's handshake fight with activist leads to arrest

The handshake issue was at the center of Tuesday's incident involving Rep. Nancy Mace, R.S., that led to the arrest of an Illinois man, according to police reports and witnesses who spoke to The Hill. It has become. read more

5 things to know about recent drone sightings in New Jersey

Drone sightings in New Jersey have rattled residents of the Garden State in recent days, with Gov. Phil Murphy (D) saying Monday that he is taking the reports “very seriously.” read more