UAW president to take leave of absence amid corruption probe This is a developing story. Check back for updates. More on this For more news, please go to FoxBusiness.com and watch Fox Business Channel.

Beto O'Rourke drops out of 2020 presidential race Former Texas lawmaker Beto O'Rourke on Friday announced he is dropping out of the race for president. More on this For more news, please go to FoxBusiness.com and watch Fox Business Channel.

S&P 500 and Nasdaq close at record highs after strong jobs report The S&P 500 climbed 0.97 percent and the Nasdaq added 1.13 percent on their way to their best closes on record. Meanwhile, the Dow Jones Industrial Average jumped 301 points, or 1.11 percent, but finished about two points below its own record close. More on this For more news, please go to FoxBusiness.com and watch Fox Business Channel.

President Trump nominates cancer specialist to lead the Food and Drug Administration Dr. Stephen Hahn heads the medical staff at MD Anderson Cancer Center in Houston. If confirmed by the Senate, he would lead the FDA's response to several high-profile health issues, including underage vaping and the prescription opioid epidemic. More on this For more news, please go to FoxBusiness.com and watch Fox Business Channel.

US-China trade talks reach 'consensus on principles' U.S. Trade Representative Robert Lighthizer said in a statement that the call with China was "constructive" and that the two sides "made progress in a variety of areas. More on this For more news, please go to FoxBusiness.com and watch Fox Business Channel.

Capital One Bank grapples with outage hindering direct deposits "Capital One is experiencing a technical issue impacting customer money movement' More on this For more news, please go to FoxBusiness.com and watch Fox Business Channel.

US job growth soars past Wall Street's expectations, brushing off GM strike This is a developing story. Check back for updates. More on this For more news, please go to FoxBusiness.com and watch Fox Business Channel.