°®¶¹´«Ã½

What President Joe Biden touted as a historic U.S. federal investment program that will position the country to win the global innovation race still leaves it well behind China’s continuing, giant infrastructure upgrading campaign.

America’s employers unleashed a burst of hiring in March, adding 916,000 jobs in a sign that a sustained recovery from the pandemic recession is taking hold as vaccinations accelerate, stimulus checks flow through the economy and businesses increasingly reopen.

Electric vehicle stocks, which were hit hard this year as investors shifted out of growth industries, are getting a boost as President Joe Biden mounts a major push to accelerate the adoption of battery-powered cars, and Chinese peers report strong March sales.

Autonomous delivery services — and the challenges they present — are included as a consideration in the Connecticut Department of Transportation’s recently released strategic plan for connected and automated vehicles.

President Joe Biden said he had directed five of his Cabinet members, including Transportation Secretary Pete Buttigieg and Energy Secretary Jennifer Granholm, to help advance his plan to spend $2.25 trillion on infrastructure and other priorities.

Oil rose after the OPEC+ alliance agreed to increase oil production gradually over the next three months.

The Biden administration tapped Daniel Maffei to lead the Federal Maritime Commission, the agency announced recently.

Applications for U.S. state unemployment insurance unexpectedly rose last week but remained near the lowest levels of the pandemic as the labor market meanders toward full recovery.

The U.S. auto industry sees President Joe Biden’s infrastructure package as accelerating a global shift toward electric vehicles, thanks to the $174 billion proposed for charging stations, planned consumer rebates for American-made EVs and a pledge to electrify the government’s fleet.

President Joe Biden announced a $2.25 trillion climate change-centric infrastructure plan meant to repair the country’s roads and bridges, and guarantee nationwide access to broadband internet and safe drinking water.