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.Replying to a question after brief remarks to the workers who are on strike for a second week, Biden said, "Yes, I think they should ...
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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.