Bloomberg Business

Cory Booker Calls on Fellow New Jersey Senator Menendez to Resign

Senate Democrats turned against Robert Menendez Tuesday, with fellow New Jersey Senator Cory Booker and the chairman of the Democrats’ fund-raising arm sending the strongest signal yet that they won’t support him as he fights federal corruption charges.

Stocks Sink as Bears Take Charge, Dollar Rallies: Markets Wrap

US stocks sank to the lowest since early June Tuesday as confidence in the economy stalled leaving investors to contemplate a protracted period of high interest rates. The dollar extended its winning streak for a fifth day.

Peru to Keep Copper and Investments Flowing With Unrest in Check

Peruvian Prime Minister Alberto Otarola vowed to keep social unrest in check to allow mines to continue churning out copper and pave the way for investments needed to retain the nation’s status as the second-biggest producer of the metal.

Senior Biden Officials Stay in Michigan for UAW, Automaker Talks

Acting Labor Secretary Julie Su and senior White House adviser Gene Sperling were in Michigan Tuesday to speak with the United Auto Workers union and representatives from the Big Three legacy automakers, a move by the Biden administration to ramp up communication with the parties amid a historic strike.

Khan Seeks to End Amazon ‘Illegal Conduct,’ Quiet on Breakup

Federal Trade Commission Chair Lina Khan stopped short of explicitly calling for a breakup of Amazon.com Inc., but said that her agency would ask a judge to halt the company’s “illegal conduct” if its antitrust suit succeeds.

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