President-elect Joe Biden has nominated Pete Buttigieg as his Secretary of Transportation. If confirmed, he would make history as the first openly gay person to lead a U.S. Cabinet department. Biden said he is nominating Buttigieg for Secretary of Transportation because "this position stands at the nexus of so many of the interlocking challenges and opportunities ahead of us."Biden will introduce ...
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.