The S&P 500 and the Nasdaq hit record highs on Monday after President Joe Biden picked Federal Reserve Chair Jerome Powell to lead the bank for a second term, keeping the status quo as the central bank plans to wind down pandemic-era stimulus. The Dow Jones Industrial Average rose 29.43 points, or 0.08 percent, at…

President Joe Biden on Wednesday announced that he will nominate Cindy McCain to serve as U.S. ambassador to the United Nations Agencies for Food and Agriculture, the White House said. McCain, the widow of longtime Sen. John McCain (R-Ariz.), has a relationship with Biden that has spanned for decades and also endorsed the president during the…

President Joe Biden has nominated Cindy McCain to serve as the U.S. representative to the U.N. Agencies for Food and Agriculture, the White House said. McCain, the widow of longtime Republican Sen. John McCain (R-Ariz.), has a relationship with Biden that spans decades; she also endorsed the president during the 2020 election. “I am deeply honored…

WASHINGTON—Merrick Garland, President Joe Biden’s selection for attorney general, moved a step closer to securing Senate confirmation as the top U.S. law enforcement official on Monday as the Judiciary Committee threw its weight behind his nomination. The federal appellate judge won bipartisan support in a 15-7 tally in the Senate Judiciary Committee to advance his…