President Joe Biden has said that the members of the United Auto Workers union who are on strike against three auto giants deserve the 40 percent pay hike that they are demanding.
He made this remark while joining the picket line in Wayne County, Michigan, on Tuesday.
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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.