The University of Michigan’s preliminary November sentiment index advanced to 73, exceeding all but one estimate in a Bloomberg survey of economists. The group’s expectations index surged to 78.5, the highest level since mid-2021, data showed Friday.... Read More
Conditions ranging from abnormally dry to various levels of drought covered a record portion of the Lower 48, according to the latest update from the U.S. Drought Monitor. A remarkable 87% of the country had fallen into dry or drought conditions as of Oct. 31.... Read More
General Electric Co. said more than a dozen suppliers are involved in the disruptions that have slowed delivery of its jet engines and resulted in renewed headaches for planemakers and airlines.... Read More
Gas prices are falling fast, dipping below $3 a gallon in many parts of the country just before the presidential election,although it may not provide the political boost Vice President Kamala Harris is hoping for.... Read More
The U.S. Food and Drug Administration, after intense public pressure and a lawsuit, is reconsidering its declaration barely two weeks ago that a shortage of the appetite-suppressing drugs Mounjaro and Zepbound is over, a temporary about-face that...... Read More
Honda is recalling about 1.7 million vehicles, including some that are made in Indiana, over steering problems that can result from a damaged gearbox, according to the National Highway Traffic Safety Administration.... Read More
In a lawsuit filed in the US District Court for the Central District of California on Thursday, the automaker accused the UAW of planning to violate a 2023 collective bargaining agreement by way of “impermissible” mid-contract strikes.... Read More
Employers added 254,000 jobs in September, reflecting a stronger than expected labor market. The unemployment rate ticked down to 4.1 percent, according to jobs data released Friday by the Labor Department.... Read More
Indianapolis-based Eli Lilly’s supply of Mounjaro, which is used to treat Type 2 diabetes, and popular weight-loss drug Zepbound, can now meet present and projected national demand, the FDA said in a statement.... Read More
Navient, one of the nation’s largest student loan companies, will pay $120 million to resolve allegations that it misallocated payments, steered people into costly repayment plans, supplied the wrong information and ignored borrowers’ pleas for help.... Read More
