Joe Biden wants to change the way the Federal Reserve is governed for the first time in four decades. In 1977, Congress set “maximum employment, stable prices and moderate long-term interest rates” as the central bank’s goals. It’s called the dual mandate, since everyone forgets the bit about interest rates. In a recent speech, Biden mentioned the goals of low ...

Bloomberg Air Canada escalated a fight with the government of Prime Minister Justin Trudeau over the country’s stringent travel rules, threatening to suspend more routes and cancel orders of locally made planes. Chief Executive Officer Calin Rovinescu lambasted the government during the airline’s second-quarter earnings call, saying that current restrictions — especially a mandatory 14-day quarantine for all travellers coming ...

Bloomberg United Airlines Holdings Inc will boost flights modestly in September as it resumes service on more than 25 international routes and begins skewing its network towards leisure traffic. The September schedule will amount to 37% of last year’s level, a slightly higher portion than the plan for August, United said in a statement. Destinations in Mexico and the Caribbean ...