Truist bank named a new president and CEO Monday: Michael Lyons, effective Sept. 1. He will replace Bill Rogers, who will become executive chair when Lyons takes over as part of Truist’s leadership succession strategy.

Rogers, 68, will serve as executive chair until his planned retirement in April 2027. Lyons, 55, will become just the third ...Read more

SpaceX shares jumped in their second day of trading, adding to gains following a blockbuster debut that instantly vaulted it into the ranks of the world’s most valuable public companies.

The stock climbed 20%, extending Friday’s 19% rally, to add $412 billion in market value. Shares closed at $192.46 on Monday, more than 42% above their $...Read more

Thousands of U.S. public-school employees have received warnings saying they could lose their jobs as the nation’s education system grapples with mounting financial pressures.

Reductions have been looming for months, in what some officials say is the biggest such wave in more than a decade. Leaders at seven of the nation’s 10 largest school...Read more

DETROIT — The United Auto Workers' 39th quadrennial constitutional convention kicked off Monday, though business proceedings were completely closed to members of media — unlike four years ago.

The convention is a pivotal time for the Detroit-based union. Delegates from each union local debate and vote whether to make amendments to the ...Read more

The Nevada Gaming Control Board has asked a Carson City judge to find a popular prediction market in contempt of court for ignoring a court order effectively banning it from operating within the state.

The board on Friday petitioned the First Judicial District Court to find KalshiEx LLC in contempt for not complying with a May 18 court order to...Read more

Target is bringing back a familiar fashion name as it looks to sharpen its focus on style and design.

The Minneapolis-based retailer said Monday that designer Isaac Mizrahi will become its first creative director at large, a newly created role aimed at strengthening Target’s reputation as a destination for affordable design.

With Mizrahi, ...Read more

A record number of Miami-Dade families are living paycheck to paycheck, a new report has found.

North of a half-million county households — 563,947 to be exact — are struggling to make ends meet, according to new data from United Way. That’s 56% of all Miami-Dade households, a two-percentage-point increase from last year and the highest ...Read more

The U.S. residential solar industry is cratering after President Donald Trump eliminated a key tax credit for homeowners to install solar panels last year — and it’s dragging down residential battery additions, according to a new BloombergNEF report.

The U.S. is expected to add 4.1 gigawatts of residential solar in 2026, down 15% from 2025,...Read more

The United Auto Workers strike at Dauch Corp.'s Three Rivers plant is officially over after the local union chapter ratified a new contract with the key General Motors Co. truck axle supplier.

About 80% of UAW Local 2093 members voted to approve the new four-year deal that will increase top pay for union-represented workers to $30 an hour by ...Read more

Major global automotive supplier Magna International's CEO says the Canadian-headquartered company wants to build its relationship with China's intensely competitive automakers.

After speaking to the Automotive Press Association and the Society of Automotive Analysts last week at the company's Troy, Michigan, site, CEO Swamy Kotagiri sat down ...Read more

A San Diego federal judge ruled Friday that despite her mistake in a previous ruling last year, a lawsuit by four Indonesian fishers alleging human trafficking and forced labor violations against San Diego-based canned tuna giant Bumble Bee Seafoods can continue toward trial and will not be dismissed.

Friday’s ruling by Chief U.S. District ...Read more

CLAWSON, Michigan — Jane Miles leaned over a worktable inside American Flag & Banner Co., carefully cutting and folding a fire-damaged American flag before placing it inside a wooden display case for a customer.

Across the room, the store's only two other employees were also busy. One was helping customers browse flags and the other was ...Read more

Fox Corporation has agreed to acquire the streaming platform Roku Inc. in a deal valued at $22 billion, the companies announced Monday.

The deal will combine the Murdoch family’s media assets, which include its news, sports and broadcast channels, with the San Jose-based streaming platform that reaches 100 million consumers globally.

The ...Read more

As Google CEO Sundar Pichai took the stage Sunday at Stanford’s commencement, scores of graduates stood, booed and walked out, turning a celebration for nearly 6,000 degree recipients into a protest over the tech giant’s work with Israel.

Pichai, a Stanford alumnus leading one of the world’s most powerful companies, appeared unfazed. His ...Read more

Jason Miller watched his monthly health insurance premiums quadruple to $374 from $80 for a silver-level plan when the Affordable Care Act’s enhanced tax credits ran out in December.

“That’s just not functionally doable,” the married father of four children said about the increase.

Worse, he said, “the coverage you’re paying for is...Read more

MOSES LAKE, Washington — A startup-style company developing a greener way to produce jet fuel using carbon dioxide, water and renewable electricity has fired up its first commercial production plant.

California-based Twelve, named after the atomic mass of the molecule at the center of its innovative process, built its first production ...Read more

Inflation surged in May to levels not seen in three years, thanks in large part to soaring energy costs as a result of the Iran war, now entering its fourth month.

Consumer costs are 4.2% higher compared to a year ago, according to the Bureau of Labor Statistics’ latest consumer price report released last week. That’s the single biggest 12-...Read more

Nearly 1,000 United Auto Workers members arrive in downtown Detroit next week to chart the future of one the nation’s largest and most influential unions and nominate candidates for leadership elections later this year — including challengers to President Shawn Fain.

Beyond the leadership nominations, several big policy debates are brewing ...Read more

One year after an Air India Boeing 787 plane crashed just seconds after takeoff, hitting a nearby medical building and killing 260 people, investigators still have few answers about what went wrong.

India’s Aircraft Accident Investigation Bureau said Friday it is continuing to analyze evidence and will seek additional evaluations and ...Read more