Business Highlights: A summary of the day’s top stories in the business world.
US government estimates economy grew last quarter at a 2.1% rate, unchanged from previous projection
WASHINGTON — The U.S. economy grew at a 2.1% annual pace from April through June, extending its sturdy performance in the face of higher interest rates, the government said Thursday, leaving its previous estimate unchanged. The second-quarter expansion of the nation’s gross domestic product — its total output of goods and services — marked a modest deceleration from the economy’s 2.2% annual growth from January through March.
NEW YORK — An appeals court has rejected Donald Trump’s bid to delay a civil trial in a lawsuit brought by New York’s attorney general. Thursday’s decision by the state’s intermediate appellate court allows the case to proceed days after a judge ruled the former president committed years of fraud and stripped him of some companies as punishment.
SACRAMENTO, Calif. — California Gov. Gavin Newsom has signed a law raising the minimum wage for fast food workers to $20 per hour. The raise takes effect April 1. It applies to fast food restaurants that have at least 60 locations nationwide. It does not apply to restaurants that make and sell their own bread. California is now among the first states to have a minimum wage specifically for fast food workers. California’s minimum wage for all other workers is $15.50 per hour.
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Business Highlights: Late-night TV announces return from strike; New UAW strike plans to come FridayBusiness Highlights: A summary of the day’s top stories in the business world.
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McCarthy told conference he won’t allow vote on Senate stopgap: GOP lawmakersSpeaker Kevin McCarthy (R-Calif.) told members of the House GOP conference Wednesday morning that he will not bring the Senate’s bipartisan con...
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'Insane': McCarthy Vows No Vote for Bipartisan Senate Spending Bill as Shutdown Looms'In the House, Republicans have tried everything but bipartisanship, and every path they've pursued to date will inevitably lead to a shutdown,' said Senate Majority Leader Chuck Schumer.
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House Democrats challenge McCarthy to vote on Senate bill to avoid government shutdownHouse Democratic leaders are challenging Speaker Kevin McCarthy to bring the Senate’s bipartisan continuing resolution to the floor for a vote, indicating the measure would pass with a majority of Republicans in favor.
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Senate stopgap bill stopping in the House, says McCarthyHouse Speaker Kevin McCarthy said he doesn’t “see the support” for the recently unveiled Senate stopgap bill. He made the comment after leaving a conference meeting with House Republicans.
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Senate to move first on stopgap bill while McCarthy blames Biden for shutdown showdownThe Senate is leapfrogging the House with a stopgap spending bill ahead of the Saturday shutdown deadline when government funding expires.
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