The tight labor market probably didn’t get the US into this inflationary mess, but it is part of the reason that it’s going to be so hard to get out of it. A report showed nonfarm payrolls jumped 528,000 in July, bringing the unemployment rate to just 3.5%, matching the lowest level since 1969. Where the household and establishment ...

  It’s time to give President Joe Biden credit for achieving something no one predicted: bipartisanship in foreign policy. The Senate delivered a victory for Biden’s foreign policy agenda, voting almost unanimously to admit Finland and Sweden into the North Atlantic Treaty Organization. Previously, Biden was able to get the Ukraine aid he has asked for. That Senate vote in ...

Bloomberg Amazon.com Inc said it would buy IRobot Corp, maker of the Roomba vacuum, for $1.65 billion as the e-commerce giant continues its push into internet-connected home devices and robotics. Amazon will pay $61 a share in cash for the Bedford, Massachusetts-based company, according to a statement. The offer, valued at $1.7 billion including debt, represents a premium of 22% ...