Business

U.S. Steel is an iconic example of the lost manufacturing muscle that President Biden says his economic policies will bring back to the United States.But last month, the storied-but-diminished company announced plans to be acquired by a Japanese competitor. That development has put Mr. Biden in an awkward bind as he tries to balance attempts to revitalize the nation’s industrial sector with his efforts to rebuild international alliances.Mr. Biden’s administration has expressed some discomfort with the deal and is reviewing the proposed $14.1 billion takeover bid by Japan’s Nippon Steel. The company is offering a hefty premium for U.S. Steel, which has struggled to compete against a flood of cheap foreign metal and has been weighing takeover offers for several months.The proposal has quickl...

A harrowing flight over the weekend is again forcing Boeing to confront concerns over its planes, particularly the 737 Max, already one of the most scrutinized jets in history.No one was seriously injured in the episode on an Alaska Airlines flight Friday night in which a portion of a 737 Max 9 fuselage blew out in midair, exposing passengers to howling wind. The plane landed safely, but the event, on a flight from Portland, Ore., to Ontario, Calif., has spooked travelers and prompted immediate safety inspections on similar planes.Federal authorities focused attention on a mid-cabin door plug, which is used to fill the space where an emergency exit would be placed if the plane were configured with more seats.The Federal Aviation Administration ordered the inspection of 171 Max 9 planes ope...

The labor market ended the year with a bang.Employers added 216,000 jobs in December on a seasonally adjusted basis, the Labor Department reported on Friday, surpassing economists’ forecasts. It was the 36th consecutive month of gains.Altogether, the U.S. economy added roughly 2.7 million jobs over the past year. That’s a smaller gain than in 2021 or 2022, during the economy’s initial resurgence from pandemic lockdowns. Yet the gains of 2023 are still stronger than those in the late 2010s.The numbers are buoying expectations of what has been called a soft landing — in which the economy is able to avoid significant job loss while shifting into a calmer, more sustainable gear, after the disorienting volatility that began with the arrival of Covid-19 roughly four years ago.Many experts cautio...

After enjoying a strong rebound in sales in 2023, the auto industry appears headed for slower growth this year as consumers struggle with elevated interest rates and high prices for new cars and light trucks.Edmunds, a market researcher, expects the industry to sell 15.7 million vehicles this year. That would amount to a modest increase from the 15.5 million sold last year, when sales jumped 12 percent.“There’s definitely pent-up demand out there, because people have been holding off purchases for a while,” said Jessica Caldwell, head of insights at Edmunds. “But given the credit situation, we don’t think the industry will see a ton of growth this year.”Since the coronavirus pandemic, automakers have struggled with shortages of critical parts that have prevented them from producing as many...

“Buy now, pay later” loans are helping to fuel a record-setting holiday shopping season. Economists worry they could also be masking and exacerbating cracks in Americans’ financial well-being.The loans, which allow consumers to pay for purchases in installments, often interest-free, have soared in popularity because of high prices and interest rates. Retailers have used them to attract customers and to get people to spend more.But such loans may be encouraging younger and lower-income Americans to take on too much debt, according to consumer groups and some lawmakers. And because such loans aren’t routinely reported to credit bureaus or captured in public data, they could also represent a hidden source of risk to the financial system.“The more I dig into it, the more concerned I am,” said ...

After almost 10 years of marriage, Christine Dowdall wanted out. Her husband was no longer the charming man she had fallen in love with. He had become narcissistic, abusive and unfaithful, she said. After one of their fights turned violent in September 2022, Ms. Dowdall, a real estate agent, fled their home in Covington, La., driving her Mercedes-Benz C300 sedan to her daughter’s house near Shreveport, five hours away. She filed a domestic abuse report with the police two days later.Her husband, a Drug Enforcement Administration agent, didn’t want to let her go. He called her repeatedly, she said, first pleading with her to return, and then threatening her. She stopped responding to him, she said, even though he texted and called her hundreds of times.Ms. Dowdall, 59, started occasionally ...