President Barack Obama pressed for workplace changes to benefit families with children, saying the U.S. is trailing other advanced countries and must compete with more job flexibility and a higher minimum wage.
U.S. House Majority Leader Eric Cantor’s loss in Virginia’s Republican primary last night raises concerns about the future of political compromise, Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein said.
U.S. Representative Kevin McCarthy will bring a new blend of business connections to the top ranks of House leadership if, as expected, he’s elected today to replace Wall Street favorite Majority Leader Eric Cantor.
U.S. stocks fell the most in three weeks along with European equities as the World Bank cut its global growth forecast. Treasuries pared gains after a 10-year notes auction while wheat entered a bear market.