The European Union’s upcoming ban on imports linked to deforestation has been hailed as a “gold standard” in climate policy: a meaningful step to protect […]
Category: Finance
Biden Budget Lays Out Battle Lines Against Trump
President Biden in his budget this week staked out major economic battle lines with former President Donald J. Trump, the presumptive Republican presidential nominee. The […]
U.S. Judge Blocks Rule Extending Reach of Labor Law to Franchisers
The U.S. Chamber of Commerce, which led a group of business groups challenging the rule, applauded the ruling. “It will prevent businesses from facing new […]
Biden’s $7.3 Trillion Budget Proposal Highlights Divide With Trump and GOP
President Biden proposed a $7.3 trillion budget on Monday packed with tax increases on corporations and high earners, new spending on social programs and a […]
The jobs report comes as the Fed considers the timing of interest rate cuts.
The Federal Reserve is considering when and how much to cut interest rates, and the employment report on Friday will give policymakers an up-to-date hint […]
How Trump’s Justice Dept. Derailed an Investigation of a Major Company
In December 2018, a team of federal law enforcement agents flew to Amsterdam to interview a witness in a yearslong criminal investigation into Caterpillar, which […]
The Surprising Left-Right Alliance That Wants More Apartments in Suburbs
For years, the Yimbytown conference was an ideologically safe space where liberal young professionals could talk to other liberal young professionals about the particular problems […]
The Surprising Left-Right Alliance That Wants More Apartments in Suburbs
For years, the Yimbytown conference was an ideologically safe space where liberal young professionals could talk to other liberal young professionals about the particular problems […]
U.S. Employers Add 275,000 Jobs in Another Strong Month
If the economy is slowing down, nobody told the labor market. Employers added 275,000 jobs in February, the Labor Department reported Friday, in another month […]
Biden Portrays Next Phase of Economic Agenda as Middle-Class Lifeline
President Biden used his State of the Union speech on Thursday to remind Americans of his efforts to steer the nation’s economy out of a […]
Rivian Will Delay Construction of a $5 Billion Factory in Georgia
“Our Georgia site remains really important to us,” Rivian’s chief executive, R.J. Scaringe, said at an event on Thursday where he unveiled two new sport-utility […]
Bank Runs Spooked Regulators. Now a Clampdown Is Coming.
One year after a series of bank runs threatened the financial system, government officials are preparing to unveil a regulatory response aimed at preventing future […]
Brighter Economic Mood Isn’t Translating Into Support for Biden
Economic vibes don’t necessarily predict electoral outcomes, though, and this campaign is different in many ways from those in the past. “We’re kind of in […]
The U.S. Economy Is Surpassing Expectations. Immigration Is One Reason.
The U.S. economic recovery from the pandemic has been stronger and more durable than many experts had expected, and a rebound in immigration is a […]
Biden Seeks Housing Solutions Amid High Mortgage Rates
President Biden and his economic team, concerned that elevated mortgage rates and housing costs are hurting Americans and hindering his re-election bid, are searching for […]
Reduflación: qué pasa cuando los comestibles pesan menos y cuestan igual
Los compradores de comestibles están notando algo raro. Bolsas de papas fritas llenas de aire. Latas de sopa que se han encogido. Paquetes de detergente […]
How 33-Year-Olds, the Peak Millennials, Are Shaping the U.S. Economy
I have covered economics for 11 years now, and in that time, I have come to the realization that I am a statistic. Every time […]
Brian Mulroney Divided and Reshaped Canada Through Free Trade With the U.S.
Brian Mulroney first led the Progressive Conservatives to power while I was early in my career as a journalist. But his political life was never […]
California’s Economy Pinched by Unemployment
For decades, California’s behemoth economy has outpaced those of most nations, holding an outsize role in shaping global trends in tech, entertainment and agriculture. While […]
Shrinkflation 101: The Economics of Smaller Groceries
Grocery store shoppers are noticing something amiss. Air-filled bags of chips. Shrunken soup cans. Diminished detergent packages. Companies are downsizing products without downsizing prices, and […]
Disney Heirs Line Up Against Nelson Peltz and Activist Investors
It’s a classic Disney movie plot: A family comes together to fight an enemy. Only this time it is happening in real life, with the […]
Auto Insurance Spike Hampers the Inflation Fight
Job growth, wage growth and business growth are all lively, and inflation has steeply fallen from its 2022 highs. But consumer sentiment, while improving, is […]
Biden Targets a New Economic Villain: Shrinkflation
On Super Bowl Sunday, the White House released a short video in which a smiling President Biden, sitting next to a table stocked with chips, […]
Starbucks and Union Agree to Work Out Framework for Contract Talks
Starbucks and the union that represents employees in roughly 400 of its U.S. stores announced Tuesday that they were beginning discussions on a “foundational framework” […]
Yellen Urges Israel to Restore Economic Ties to West Bank
Treasury Secretary Janet L. Yellen said on Tuesday that she had personally urged Prime Minister Benjamin Netanyahu of Israel to increase commercial engagement with the […]
An Emboldened F.T.C. Bolsters Biden’s Efforts to Address Inflation
An independent federal agency has become one of the most reliable executors of President Biden’s attempts to fight inflation, at a time when the White […]
Housing Costs Are Running Hot, but Is the Data Missing a Cooling Trend?
The Federal Reserve may have a housing problem. At the very least, it has a housing riddle. Overall inflation has eased substantially over the past […]
Can a Tech Giant Be Woke?
The December day in 2021 that set off a revolution across the videogame industry appeared to start innocuously enough. Managers at a Wisconsin studio called […]
Will Food Prices Stop Rising Quickly? Many Companies Say Yes.
Few prices are as visible to Americans as the ones they encounter at the grocery store or drive-through window, which is why two years of […]
What Is Your Housing Situation? We Want to Hear From You.
“No society can be fully understood apart from the residences of its members.” I have that quote (from “Crabgrass Frontier,” the seminal history of America’s […]
Fed Minutes Show Embrace of Inflation Progress but No Hurry to Cut Rates
Federal Reserve officials welcomed a recent inflation slowdown at their last meeting in late January but were intent on proceeding carefully as they tiptoe toward […]
U.S. Campaign to Isolate Russia Shows Limits After 2 Years of War
The Biden administration and European allies call President Vladimir V. Putin of Russia a tyrant and a war criminal. But he enjoys a standing invitation […]
New Freighters Could Ease Red Sea Cargo Disruptions
After the Houthi militia started attacking container ships in the Red Sea last year, the cost of shipping goods from Asia soared by over 300 […]
What Is Your Housing Situation? We Want to Hear From You.
“No society can be fully understood apart from the residences of its members.” I have that quote (from “Crabgrass Frontier,” the seminal history of America’s […]
U.S. Economy: Has an Era of Increased Productivity Returned?
The last time the American economy was posting surprising economic growth numbers amid rapid wage gains and moderating inflation, Ace of Base and All-4-One topped […]
For Michigan’s Economy, Electric Vehicles Are Promising and Scary
Last fall, Tiffanie Simmons, a second-generation autoworker, endured a six-week strike at the Ford Motor factory just west of Detroit where she builds Bronco S.U.V.s. […]
U.S. Awards $1.5 Billion to Chipmaker GlobalFoundries
The Biden administration on Monday announced a $1.5 billion award to the New York-based chipmaker GlobalFoundries, one of the first sizable grants from a government […]
Nature Has Value. Could We Literally Invest in It?
Picture this: You own a few hundred acres near a growing town that your family has been farming for generations. Turning a profit has gotten […]
The Great Compression – The New York Times
Robert Lanter lives in a 600-square-foot house that can be traversed in five seconds and vacuumed from a single outlet. He doesn’t have a coffee […]
Amazon Argues National Labor Relations Board Is Unconstitutional
In the latest sign of a growing backlash within corporate America to the 88-year-old federal agency that enforces labor rights, Amazon argued in a legal […]
Three Lessons From a Surprisingly Resilient Job Market
The pandemic created an economic crisis unlike any recession on record. So perhaps it shouldn’t be surprising that the aftermath, too, has played out in […]
Can America Turn a Productivity Boomlet Into a Boom?
Kevin Rezvani came of age in kitchens: spending summers at his grandfather’s bakery in Japan, doing work-study in his college cafeteria and working for years […]
This Arctic Circle Town Expected a Green Energy Boom. Then Came Bidenomics.
In Mo i Rana, a small Norwegian industrial town on the cusp of the Arctic Circle, a cavernous gray factory sits empty and unfinished in […]
Fed Chair Powell Says Officials Need More ‘Good’ Data Before Cutting Rates
Jerome H. Powell, the chair of the Federal Reserve, made clear during a “60 Minutes” interview aired on Sunday night that the central bank is […]
‘Zombie Offices’ Spell Trouble for Some Banks
Graceful Art Deco buildings towering above Chicago’s key business district report occupancy rates as low as 17 percent. A set of gleaming office towers in […]
Pro Sports in Las Vegas Aren’t Cheered by Everyone
The history of Las Vegas has been marked by a relentless churn of hotels, casinos, theaters and restaurants. But only recently has the city’s landscape […]
American Firms Invested $1 Billion in Chinese Chips, Lawmakers Find
A congressional investigation has determined that five American venture capital firms invested more than $1 billion in China’s semiconductor industry since 2001, fueling the growth […]
President of Powerful Service Workers Union Will Step Down
Mary Kay Henry, the president of the Service Employees International Union, one of the nation’s largest and most politically powerful labor unions, announced Tuesday that […]
For First Time in Two Decades, U.S. Buys More From Mexico Than China
In the depths of the pandemic, as global supply chains buckled and the cost of shipping a container from China soared nearly twentyfold, Marco Villarreal […]
Maui Economy, 6 Months After Wildfire, Is Still Reeling
Twisted and charred aluminum mixed with shards of glass still lines the floor of the industrial warehouse where Victoria Martocci once operated her scuba diving […]
Ford Reports Quarterly Loss but Says Sales Grew
Ford Motor said it lost $526 million in the final three months of 2023, mainly as a result of special charges related to its employee […]
Yellen Says Stable Financial System Is Key to U.S. Economic Strength
Treasury Secretary Janet L. Yellen will tell lawmakers on Tuesday that the United States has had a “historic” economic recovery from the pandemic but that […]
Why Are Americans Wary While the Economy Is Healthy? Look at Nevada.
Toni Irizarry recognizes that the economy has improved. Compared with the first wave of the pandemic, when Las Vegas went dark, and joblessness soared to […]
How Nevada Is Pushing to Generate Jobs Beyond the Casinos
Before the pandemic brought everyday life to a halt, Joe Kiele supported himself through the industry that dominates Nevada’s economy. He waited tables at a […]
For Biden, a Sunny Economy Could Finally Be a Potential Gain
A run of strong economic data appears to have finally punctured consumers’ sour mood about the U.S. economy, blasting away recession fears and potentially aiding […]
U.S. Leading Soft Landing for Global Economy
The world is starting 2024 on an optimistic economic note, as inflation fades globally and growth remains more resilient than many forecasters had expected. Yet […]
A City Built on Steel Tries to Reverse Its Decline
Gary, Ind., was once a symbol of American innovation. The home of U.S. Steel’s largest mill, Gary churned out the product that built America’s bridges, […]
Job Market Starts 2024 With a Bang
The United States produced an unexpectedly sizable batch of jobs last month, a boon for American workers that shows the labor market retains remarkable strength […]
Trump’s Tariffs Hurt U.S. Jobs but Swayed American Voters, Study Says
New research finds that former President Donald J. Trump’s tariffs did not bring back U.S. jobs, but voters appeared to reward him for the levies […]
Biden Takes Aim at Grocery Chains Over Food Prices
President Biden, whose approval rating has suffered amid high inflation, is beginning to pressure large grocery chains to slash food prices for American consumers, accusing […]
Walmart to Add 150 U.S. Stores in Five-Year Expansion Drive
Walmart will add 150 stores in the United States over the next five years, a major expansion drive for the retail giant. The company said […]
Why Cut Interest Rates in an Economy This Strong? A Big Question for the Fed.
The Federal Reserve is widely expected to leave interest rates unchanged at the conclusion of its meeting on Wednesday, but investors will be watching closely […]
Global Economy Is Heading Toward ‘Soft Landing,’ I.M.F. Says
The global economy has been battered by a pandemic, record levels of inflation, protracted wars and skyrocketing interest rates over the past four years, raising […]
Walmart Offers Store Managers Company Stock to Make Them Feel Like ‘Owners’
Walmart, the nation’s largest private employer, is raising salaries and benefits for store managers as it looks for ways to retain them. Walmart said on […]
Private Equity Is Starting to Share With Workers, Without Taking a Financial Hit
In 2018, Anna-Lisa Miller was working with agricultural cooperatives in Hawaii, helping them reinvest in their communities through shared ownership. Ms. Miller, who had gone […]
Yellen Hits Trump Over Handling Of Economy
Treasury Secretary Janet L. Yellen defended the Biden administration’s economic agenda on Thursday, drawing sharp contrasts with the policies of the Trump administration as President […]
Taking on Trump, Biden Promotes ‘Infrastructure Decade’ in Wisconsin
Consumer confidence is up. Fears of a recession are abating. The economy is growing. And a corroded bridge in Wisconsin is receiving more funding. It […]
Economists Predicted a Recession. Instead, the Economy Grew.
The recession America was expecting never showed up. Many economists spent early 2023 predicting a painful downturn, a view so widely held that some commentators […]
Airlines Hoping for More Boeing Jets Could Be Waiting Awhile
Boeing hoped 2024 would be the year it would significantly increase production of its popular Max jets. But less than a month into the year, […]
U.S. Economy Grew at 3.3% Rate in Latest Quarter
The U.S. economy continued to grow at a healthy pace at the end of 2023, capping a year in which unemployment remained low, inflation cooled […]
In a New Cannabis Landscape, a Navy Veteran Battles for Racial Equity
“Transforming Spaces” is a series about women driving change in sometimes unexpected places. Jam the towel under the door. Open the window. And hide the […]
Climate Change Takes Center Stage in Economics
In early January in San Antonio, dozens of Ph.D. economists packed into a small windowless room in the recesses of a Grand Hyatt to hear […]
Americans’ Economic Confidence Is Returning. Will Biden Benefit?
Low approval ratings and rock-bottom consumer confidence figures have dogged President Biden for months now, a worrying sign for the White House as the country […]
Where Textile Mills Thrived, Remnants Battle for Survival
In his 40-year career, William Lucas has seen nearly every step in the erosion of the American garment industry. As general manager of Eagle Sportswear, […]
War Has Already Hurt the Economies of Israel’s Nearest Neighbors
In the Red Sea, attacks by Iranian-backed Houthi militants on commercial ships continue to disrupt a crucial trade route and raise shipping costs. The threat […]
The U.S. Seems to Be Dodging a Recession. What Could Go Wrong?
With inflation falling, unemployment low and the Federal Reserve signaling it could soon begin cutting interest rates, forecasters are becoming increasingly optimistic that the U.S. […]
The Farmers Had What the Billionaires Wanted
When Jan Sramek walked into the American Legion post in Rio Vista, Calif., for a town-hall meeting last month, everyone in the room knew that […]
A Fed Governor Reiterates That Rate Cuts Are Coming
A prominent Federal Reserve official on Tuesday laid out a case for lowering interest rates methodically at some point this year as the economy comes […]
New U.S. Solar and Electric Car Factories Face Familiar Challenge: China
The Biden administration has begun pumping more than $2 trillion into U.S. factories and infrastructure, investing huge sums to try to strengthen American industry and […]
Trump’s Dominance and Snowy Weather Put Iowa’s Caucus Economy on Ice
Even before a snowstorm brought Des Moines to a near standstill on Friday, the city felt decidedly more subdued than it usually does around the […]
Microsoft Tops Apple to Become Most Valuable Public Company
For more than a decade, Apple was the stock market’s undisputed king. It first overtook Exxon Mobil as the world’s most valuable public company in […]
Supreme Court to Hear Starbucks Bid to Overturn Labor Ruling
The Supreme Court agreed on Friday to hear a case brought by Starbucks challenging a federal judge’s order to reinstate seven employees who were fired […]
The Mystery of the Coin That Shouldn’t Exist
A decade ago, a funny money mystery fell into the hands of scientists and students at the Pontifical Catholic University of Peru in Lima. The […]
U.S. Steel Acquisition Proposal Tests Biden’s Industrial Policy
U.S. Steel is an iconic example of the lost manufacturing muscle that President Biden says his economic policies will bring back to the United States. […]
As Utility Bills Rise, Low-Income Americans Struggle for Access to Clean Energy
Cindy Camp is one of many Americans facing rising utility costs. Ms. Camp, who lives in Baltimore with three family members, said her gas and […]
Mortgage Rates and Inflation Could Draw Attention to the Fed This Election
This year is set to be a big one for Federal Reserve officials: They are expecting to cut interest rates several times as inflation comes […]
Democrats Question Semiconductor Program Ties to Wall Street
Two Democratic lawmakers on Tuesday expressed concerns about ex-Wall Street financiers overseeing the Commerce Department’s distribution of $39 billion in grants to the semiconductor industry, […]
World Bank Warns of Energy Price Surge if Mideast War Spreads
The global economy is at risk of a “wasted” decade and the weakest stretch of growth in 30 years, the World Bank warned on Tuesday, […]
U.S. Added 216,000 Jobs in December, Outpacing Forecasts
The labor market ended the year with a bang. Employers added 216,000 jobs in December on a seasonally adjusted basis, the Labor Department reported on […]
Will America’s Good News on Inflation Last?
Prices climbed rapidly in 2021 and 2022, straining American household budgets and chipping away at President Biden’s approval rating. But inflation cooled in late 2023, […]
U.S. Awards Chip Supplier $162 Million to Bolster Critical Industries
The Biden administration on Thursday announced plans to provide $162 million in federal grants to Microchip Technology, an Arizona-based semiconductor company that supplies the automotive, […]
Fed Minutes Showed Officials Feeling Better About Inflation
Federal Reserve officials wanted to use their final policy statement of 2023 to signal that interest rates might be at their peak even as they […]
General Motors Reports a 14% Jump in U.S. Auto Sales in 2023
General Motors said on Wednesday that its sales of new vehicles in the United States jumped 14 percent last year, amid a broader rebound in […]
Holiday Spending Increased, Defying Fears of a Decline
Despite lingering inflation, Americans increased their spending this holiday season, early data shows. That comes as a big relief for retailers that had spent much […]
Red Sea Shipping Halt Is Latest Risk to Global Economy
The attacks on crucial shipping traffic in the Red Sea straits by a determined band of militants in Yemen — a spillover from the Israeli-Hamas […]
Under Argentina’s New President, Fuel Is Up 60%, and Diaper Prices Have Doubled
Over the past two weeks, the owner of a hip wine bar in Buenos Aires saw the price of beef soar 73 percent, while the […]
Southwest Airlines Reaches Deal With Pilots Union
Southwest Airlines and its pilots union have reached a tentative deal on a new, five-year labor contract that would raise wages 50 percent over the […]
Price Increases Cooled in November as Inflation Falls Toward Fed Target
A closely watched measure of inflation cooled notably in November, good news for the Federal Reserve as officials move toward the next phase in their […]
U.S. and Europe Eye Russian Assets to Aid Ukraine as Funding Dries Up
The Biden administration is quietly signaling new support for seizing more than $300 billion in Russian central bank assets stashed in Western nations, and has […]
Choice Hotel Franchise Owners Push Back on Merger With Wyndham
When Patrick Pacious, the chief executive of a large portfolio of hotel brands, promoted a blockbuster attempt to acquire a competitor in October, he said […]
Companies Like Afterpay and Affirm May Put Americans At Risk For ‘Phantom Debt’
“Buy now, pay later” loans are helping to fuel a record-setting holiday shopping season. Economists worry they could also be masking and exacerbating cracks in […]
What Social Trends Taught Us About the 2023 Economy
From girl dinners to ChatGPT, a look back at the trends that broke the internet and taught us about the American economy this year.
World Bank Warns Record Debt Burdens Haunt Developing Economies
Surging interest rates are saddling the world’s poorest countries with record levels of debt and complicating investments in public health, education and infrastructure initiatives that […]
West Hollywood Minimum Wage, Highest in U.S., Irks Merchants
Josiah Citrin, the owner and chef of a Santa Monica restaurant with two Michelin stars, opened a new steakhouse a few months ago off the […]
Wall Street’s Bond ‘Vigilantes’ Are Back
Typically, the esoteric inner workings of finance and the very public stakes of government spending are viewed as separate spheres. And bond trading is ordinarily […]
It Took 10 Years to Grow This Christmas Tree. The Price? $105
Amid wild cost fluctuations and extreme weather conditions, a small army of workers toiled for years at Wyckoff’s Christmas Tree Farm in Belvidere, N.J. The […]
Fed Leaves Interest Rates Unchanged at Meeting and Signals 3 Cuts in 2024
Federal Reserve officials left interest rates unchanged in their final policy decision of 2023 and forecast that they will cut borrowing costs three times in […]
Is Jerome Powell’s Fed Pulling Off a Soft Landing?
The Federal Reserve appears to be creeping closer to an outcome that its own staff economists viewed as unlikely just six months ago: lowering inflation […]
Prices for Some Goods Are Actually Falling This Holiday Season
American shoppers, burned by more than two years of rapid inflation, are getting some welcome relief this holiday season: Prices on many products are falling. […]
The Debt Problem Is Enormous, and the System for Fixing It Is Broken
Martin Guzman was a college freshman at La Universidad Nacional de La Plata, Argentina, in 2001 when a debt crisis prompted default, riots and a […]
High Housing Prices May Pose a Problem for Biden
Buying a home is a less attainable goal for many young people, and rents are expensive. Could that dog Democrats in the 2024 election?
New Mexico’s Spaceport America Is an Economic Dream Deferred
From his tiny gem store in southern New Mexico, Robert Hanseck spends his days untangling chakra beads and answering questions about the healing properties of […]
My Not-So-Perfect Holiday Shopping Excursion With A.I. Chatbots
In addition to Shopify, chatbots have come out over the past 12 months from Instacart, the delivery company; Mercari, a resale platform; Carrefour, a retailer; […]
The Stock and Bond Markets Are Getting Ahead of the Fed.
It’s too early to start celebrating. That’s the Federal Reserve’s sober message — though given half a chance, the markets won’t heed it. In a […]
Federal Regulators Seek to Force Starbucks to Reopen 23 Stores
Federal labor regulators accused Starbucks on Wednesday of illegally closing 23 stores to suppress organizing activity and sought to force the company to reopen them. […]
What’s Next for Interest Rates? An Era of ‘Peak Uncertainty.’
When Jerome H. Powell, the Federal Reserve chair, takes the stage at his postmeeting news conference on Wednesday, investors and many Americans will be keenly […]
Lawmakers Call for Raising Tariffs and Severing Economic Ties With China
Bipartisan lawmakers on Tuesday called for severing more of America’s economic and financial ties with China, including revoking the low tariff rates that the United […]
Inflation Holds Steady Ahead of Fed Meeting
Inflation data released on Tuesday showed that price increases remained moderate in November, the latest sign that inflation has cooled substantially from its June 2022 […]
Biden Administration Chooses Military Supplier for First Chips Act Grant
The Biden administration announced on Monday that BAE Systems, a defense contractor, will receive the first federal grant from a new program aimed at shoring […]
New York Plans to Invest $1 Billion to Expand Chip Research
Gov. Kathy Hochul of New York is expected to announce on Monday a plan to invest $1 billion to expand chip research activities in Albany, […]
Amazon Is Cracking Down on Union Organizing, Workers Say
More than a year and a half after Amazon workers on Staten Island voted to form the company’s first union in the United States, the […]
Retail Group Retracts Startling Claim About ‘Organized’ Shoplifting
A national lobbying group has retracted its startling estimate that “organized retail crime” was responsible for nearly half the $94.5 billion in store merchandise that […]
U.S. Job Growth Holds Up as Economy Gradually Cools
The U.S. economy continued to pump out jobs in November, suggesting there is still juice left in a labor market that has been slowing almost […]
Europe and Asia React to U.S. Push for Tech and Clean Energy
The United States has embarked on the biggest industrial policy push in generations, dangling tax breaks, grants and other financial incentives to attract new factories […]
Starbucks Tells Union It Wants to Resume Contract Talks
Starbucks said Friday that it wanted to get back to the bargaining table after a deadlock of more than six months with the union that […]
How Has the Economy Affected You? We Want to Know.
The Times’s economics team is looking for reader input on what you’re going through financially and what you see in your community.
U.S. and Mexico Try to Promote Trade While Curbing Flow of Fentanyl
The United States and Mexico sought to project a united front on Thursday in their efforts to deepen economic ties and crack down on illicit […]
From Unicorns to Zombies: Tech Start-Ups Run Out of Time and Money
WeWork raised more than $11 billion in funding as a private company. Olive AI, a health care start-up, gathered $852 million. Convoy, a freight start-up, […]
E.U. Relaxes Trade Rules on Electric Cars From Britain
The News The European Union plans to postpone strict local-content rules that would have led to costly tariffs imposed on cars traded between the bloc […]
Corporate America Has Dodged the Damage of High Rates. For Now.
The prediction was straightforward: A rapid rise in interest rates orchestrated by the Federal Reserve would confine consumer spending and corporate profits, sharply reducing hiring […]
Why Doctors and Pharmacists Are in Revolt
Dr. John Wust does not come off as a labor agitator. A longtime obstetrician-gynecologist from Louisiana with a penchant for bow ties, Dr. Wust spent […]
Jerome Powell Says It’s Too Soon to Guess When Rates Will Drop
Jerome H. Powell, the chair of the Federal Reserve, suggested on Friday that the central bank may be done raising interest rates if inflation and […]
At COP28, More Than 20 Nations Pledge to Triple Nuclear Capacity
The United States and 21 other countries pledged on Saturday at the United Nations climate summit in Dubai to triple nuclear energy capacity by 2050, […]
Climate Protesters Get in Fed’s Face as Policy Clash Grows Louder
A video of security officers wrestling a protester to the floor in the lobby of the Jackson Lake Lodge in Wyoming, outside the Federal Reserve’s […]
U.S. to Limit China’s Ability to Benefit From Electric Vehicle Industry
The Biden administration proposed new rules on Friday aimed at shifting more production of electric vehicle batteries and the materials that power them to the […]
Fed Officials Hint That Rate Increases Are Over, and Investors Celebrate
Federal Reserve officials appear to be dialing back the chances of future interest rate increases, after months in which they have carefully kept the possibility […]
The Fed’s Preferred Inflation Measure Eased in October
A closely watched measure of inflation showed continued signs of fading in October, encouraging news for the Federal Reserve as officials try to gauge whether […]
U.A.W. Announces Drive to Organize Nonunion Plants
The United Automobile Workers union announced Wednesday that it was undertaking an ambitious drive to organize plants owned by more than a dozen nonunion automakers, […]
U.S. Debates How Much to Sever Electric Car Industry’s Ties to China
The Biden administration has been trying to jump-start the domestic supply chain for electric vehicles so cleaner cars can be made in the United States. […]
Even Most Biden Voters Don’t See a Thriving Economy
Presidents seeking a second term have often found the public’s perception of the economy a pivotal issue. It was a boon to Ronald Reagan; it […]
Bidder Aims to Save Bankrupt Trucking Firm Yellow
When Yellow abruptly shuttered its operations in the summer and filed for bankruptcy protection, few thought that a buyer would emerge and try to revive […]
U.S. Presses China to Stop Flow of Fentanyl
President Biden pressed the Chinese leader Xi Jinping on Wednesday to crack down on the Chinese firms that are helping to produce fentanyl, a potent […]
China’s Xi Jinping Draws Elon Musk, Tim Cook and Other U.S. CEOs to Gala in San Francisco
The streets outside the San Francisco hotel where the Chinese leader, Xi Jinping, addressed a crowd of American business executives Wednesday night were chaotic, echoing […]
Caen las tarifas aéreas en EE. UU., para alivio de los pasajeros
En fechas recientes en Estados Unidos, las tarifas aéreas a muchos destinos populares han caído a su nivel más bajo en meses; incluso los viajes […]
U.A.W. Members at General Motors Ratify Contract
Members of the United Automobile Workers union have given their backing to new contracts with the three big U.S. automakers, agreements that deliver hefty wage […]
Biden Faces Economic Challenges as Cost-of-Living Despair Floods TikTok
Look at economic data, and you’d think that young voters would be riding high right now. Unemployment remains low. Job opportunities are plentiful. Inequality is […]
Unions in Sweden Expand Blockade Against Tesla
Tesla in Sweden: No production but many sales. Tesla does not produce any vehicles in Sweden, but runs several facilities where the cars are serviced. […]
A 30-Year Trap: The Problem With America’s Weird Mortgages
Buying a home was hard before the pandemic. Somehow, it keeps getting harder. Prices, already sky-high, have gotten even higher, up nearly 40 percent over […]
Fed Officials Thought Rates Could Rise More if Inflation Stayed Stubborn
Federal Reserve officials are contemplating whether they will need to raise interest rates again to cool the economy and ensure that rapid inflation will fully […]
As Holiday Shopping Season Begins, Retailers Worry
Christina Beck is approaching this holiday season cautiously. Ms. Beck, a 58-year-old administrative director at a school, makes lists of gifts she plans to buy […]
Ford Resumes Work on E.V. Battery Plant in Michigan, at Reduced Scale
Ford Motor said Tuesday that it was resuming work on an electric vehicle battery plant in Michigan but significantly scaling back its plans in part […]
U.S. Gas Prices Drop Ahead of Thanksgiving Travel
U.S. gasoline prices are plunging just in time for Thanksgiving, and with the OPEC Plus oil cartel in apparent disarray, they could be heading lower […]
In Biden’s Climate Law, a Boon for Green Energy, and Wall Street
The 2022 climate law has accelerated investments in clean-energy projects across the United States. It has also delivered financial windfalls for big banks, lawyers, insurance […]
