Ford Plans More Gas Trucks, Fewer Electric Vehicles
Ford, General Motors and other automakers are slowing investments in electric vehicles and doubling down on more profitable gasoline cars and trucks....
Is It Silicon Valley’s Job to Make Guaranteed Income a Reality?
The tech community, led by Sam Altman of OpenAI, has funded programs that give people unconditional cash. Some say it’s time to scale up....
Trump’s Proposed Tax Cuts and Increased Tariffs Could Hurt Poorer Households
Some Republicans want to use revenue collected from higher duties on foreign goods to finance tax cuts. Economists say such a shift could widen the...
Trump’s Proposed Tax Cuts and Increased Tariffs Could Hurt Poorer Households
Some Republicans want to use revenue collected from higher duties on foreign goods to finance tax cuts. Economists say such a shift could widen the...
Trump-Vance Administration Could Herald New Era for Dollar
Both candidates on the Republican ticket have argued that the U.S. currency should be weaker to support American exports....
Fed’s Powell Welcomes Cooler Inflation but Steers Clear of Rate Cut Timing
Jerome H. Powell, the chair of the Federal Reserve, avoided signaling when the Fed would cut rates at a time when some economists are wondering...
Caterpillar Factory in Mexico Draws Complaint of Labor Abuses
The Biden administration declined to pursue a union complaint of labor abuses in Mexico, raising new concerns about offshoring....
Antitrust Regulator Tells Chains: Back Off Your Franchisees
After a yearlong inquiry, the Federal Trade Commission warned brands not to gag their small business operators or charge them extra fees....
Reliability of U.S. Economic Data Is in Jeopardy, Study Finds
A report says new approaches and increased spending are needed to ensure that government statistics remain dependable and free of political influence....
Once a G.O.P. Rallying Cry, Debt and Deficits Fall From the Party’s Platform
Fiscal hawks are lamenting the transformation of the party that claimed to prize fiscal restraint and are warning of dire economic consequences....
For L.G.B.T.Q. People, Moving to Friendlier States Comes With a Cost
Laws targeting gender-affirming care have uprooted thousands. But places that are more supportive can also be more expensive....
Biden Announces Tariffs on Chinese Metals Routed Through Mexico
The measure aims to close a loophole that officials said allowed metals made partly in China to come into the United States duty free....
U.A.W. Monitor Reveals Details About Investigation Into Union Leader
A court-appointed monitor said he was looking into allegations that a union official was punished for resisting actions that would have benefited the union president’s...
Fed Chair Powell Welcomes Cooling Inflation
Jerome H. Powell, the chair of the Federal Reserve, delivered optimistic remarks to Senators as inflation and the job market slow gently....
New Plan to Target Russia’s Oil Revenue Brings Debate in White House
Officials in President Biden’s Treasury Department have proposed new actions aimed at crippling a fleet of aging oil tankers that are helping deliver Russian oil...
Fed Officials Keep an Eye Out for Cracks in the Job Market
The labor market has maintained surprising vigor over the past year, but as fewer jobs go unfilled and a growing number of people linger on...
Investors Bet on Rate Cuts as Recent Data Suggests Slowdown
Investors are poised for a report on Friday to show a slowdown in the pace of hiring in June, building on weak services and manufacturing...
One Obstacle for Trump’s Promises: This Isn’t the 2016 Economy
When Donald J. Trump became president in 2017, prices had risen roughly 5 percent over the previous four years. If he were to win the...
June Jobs Report May Hold Clues to Durability of Labor Market
The monthly employment report on Friday is projected to show that employers added 190,000 jobs in June, according to a Bloomberg survey of economists. That...
Apartments Could Be the Next Real Estate Business to Struggle
It might seem like a great time to own apartment buildings. For many landlords, it is. Rents have soared in recent years because of housing...
America’s Divided Summer Economy Is Coming to an Airport or Hotel Near You
The travel industry is in the midst of another hot summer as Americans hit the road and make for the airport to take advantage of...
Tesla Sales Down, GM and Toyota Up Slightly in 2nd Quarter
Much of the auto industry, with the notable exception of Tesla, reported modest sales growth in the three months through June as high interest rates,...
Along the Hollywood Walk of Fame, a Struggle to Make a Living
In the preceding five years, she amassed around 100 citations, she said, and has paid several hundred dollars that she hopes will be refunded as...
The Fed’s Preferred Inflation Measure Cools, Welcome News
The Federal Reserve’s preferred inflation measure continued to cool as consumer spending grew only moderately, good news for central bankers who have been trying to...
Trump Eyes Bigger Trade War in Second Term
In March 2018, a day after announcing sweeping tariffs on metals imported from America’s allies and adversaries alike, President Donald J. Trump took to social...
Many CEOs Still Support Biden Over Trump
When the White House chief of staff, Jeffrey Zients, met with dozens of top executives in Washington this month, he encountered a familiar list of...
Fact-Checking Biden’s and Trump’s Claims About the Economy
Consumer sentiment about the state of the economy could be pivotal in shaping the 2024 presidential election. President Biden is still grappling with how to...
Biden’s Stimulus Juiced the Economy, but Its Political Effects Are Muddled
The $1.9 trillion economic stimulus package that President Biden signed shortly after taking office has become both an anchor and a buoy for his re-election...
Dilemma on Wall Street: Short-Term Gain or Climate Benefit?
A team of economists recently analyzed 20 years of peer-reviewed research on the social cost of carbon, an estimate of the damage from climate change....
The Weird Housing Market, in 5 Charts
Home prices have held up better than expected amid high interest rates. But that doesn’t mean the housing market is healthy. When the Federal Reserve...
New Home Construction Slows as Mortgage Rates Remain High
Construction of new homes in the United States dropped below expectations in May as builders pull back on new residential projects largely in response to...
Democrats’ Dream of a Wealth Tax Is Alive. For Now.
For years, liberal Democrats have agitated for the United States to tax wealth, not just income, as a way to ensure that rich Americans who...
How the Teamsters and a Homegrown Union Plan to Take On Amazon
After years of organizing Amazon workers and pressuring the company to bargain over wages and working conditions, two prominent unions are teaming up to challenge...
California Moves to Modify Law Letting Workers Sue Employers
A last-minute political compromise has headed off an effort to repeal a California law allowing workers to sue employers for workplace violations — a legal...
Amazon Is Fined Nearly $6 Million Over Warehouse Work Quotas
A California labor regulator said on Tuesday that it had fined Amazon nearly $6 million for thousands of violations of a safety law that took...
U.S. Debt on Pace to Top $56 Trillion Over Next 10 Years
The United States is on pace to add trillions of dollars to its national debt over the next decade, borrowing money more quickly than previously...
Can A.I. Answer the Needs of Smaller Businesses? Some Push to Find Out.
The Nashville Area Chamber of Commerce has convened an annual meeting of local business leaders since the 1800s, but the most recent gathering had a...
Fed Is in No Rush to Cut Rates as Economy Holds Up
Federal Reserve officials are entering an uncertain summer. They are not sure how quickly inflation will cool, how much the economy is likely to slow...
CPI Data Will Arrive Just Before the Fed Meets. Will It Be a Game Changer?
Just hours before the release of the Federal Reserve’s latest rate decision, fresh inflation data showed that price increases slowed notably in May. The new...
The Fed Holds Rates Steady and Predicts Just One Reduction This Year
Federal Reserve officials left interest rates unchanged at their June meeting on Wednesday and predicted that they will cut borrowing costs just once before the...
Supreme Court Backs Starbucks Over ‘Memphis 7’ Union Case
The Supreme Court ruled in favor of Starbucks on Thursday in a challenge against a labor ruling by a federal judge, making it more difficult...
Montana Has More Cows Than People. Why Are Locals Eating Beef From Brazil?
“Making It Work” is a series is about small-business owners striving to endure hard times. While many people can conjure up romantic visions of a...
What to Watch as the Fed Meets
Federal Reserve officials are expected to leave interest rates unchanged on Wednesday, but investors and economists will be carefully watching for any hints about when...
World Bank Sees Rosier Growth Outlook
The World Bank on Tuesday raised its outlook for the world economy this year but warned that the rise of new trade barriers and protectionist...
U.S. Bans Imports From 3 Chinese Companies Over Ties to Forced Labor
The Department of Homeland Security on Tuesday added three Chinese companies to a list of firms whose products can no longer be exported to the...
U.A.W. Reaches Accord on Pay and Safety at E.V. Battery Plant
The United Automobile Workers union on Monday announced a tentative contract agreement at an Ohio factory making batteries for electric vehicles, a step that it...
Wage Growth Exceeds Forecasts, Potentially Deterring Fed Rate Cuts
As officials at the Federal Reserve weigh whether and when to cut interest rates this year, they have been hoping to see evidence that the...
What to Make of the Jobs Report’s Mixed Signals
Sometimes, the many numbers included in the government’s monthly jobs report come together to paint a clear, coherent picture of the strength or weakness of...
What to know about the latest jobs report.
The American labor market delivered robust job growth in May, the Labor Department reported Friday, even as the unemployment rate ticked up. The unexpectedly strong...
U.S. Adds Tariffs to Shield Struggling Solar Industry
Tariffs aimed at protecting America’s solar industry from foreign competition snapped back into place on Thursday, ending a two-year pause that President Biden approved as...
Europe Has Fallen Behind the U.S. and China. Can It Catch Up?
Europe’s share of the global economy is shrinking, and fears are deepening that the continent can no longer keep up with the United States and...
Car Deals Vanished During the Pandemic. They’re Coming Back.
For much of the last four years, automakers and their dealers had so few cars to sell — and demand was so strong — that...
GDP Gain in First Quarter Revised Downward in U.S.
Economic growth slowed more sharply early this year than initially estimated, as consumers eased up on spending amid rising prices and high interest rates. U.S....
Will Billions More in New Aid Save Family Farms?
Agriculture Secretary Tom Vilsack has a line about the state of small-scale agriculture in America these days. It’s drawn from the National Agricultural Statistics Service,...
Alzheimer’s Takes a Financial Toll Long Before Diagnosis, Study Finds
Long before people develop dementia, they often begin falling behind on mortgage payments, credit card bills and other financial obligations, new research shows. A team...
U.S. Accuses Hyundai and Two Other Companies of Using Child Labor
The Labor Department on Thursday sued Hyundai over the use of child labor in Alabama, holding the car manufacturer liable for the employment of children...
Why Are People So Down About the Economy? Theories Abound.
The U.S. economy has been an enigma over the past few years. The job market is booming, and consumers are still spending, which is usually...
Home Insurance Is Clobbering Consumers. Yet It’s Barely Counted in Inflation.
Holly Meyer Lucas estimates that as many as 30 of the 100 houses her real estate team sold in and around Jupiter, Fla., last year...
If A.I. Can Do Your Job, Maybe It Can Also Replace Your C.E.O.
As artificial intelligence programs shake up the office, potentially making millions of jobs obsolete, one group of perpetually stressed workers seems especially vulnerable. These employees...
Big Sky, Big Growth: How Montana’s Newcomers Are Shaping Its Senate Duel
Growing up in Bozeman, Mont., Dylan Heintz loved the picturesque views of the snow-capped mountains and the small-town charm. Things were cheap: His dad bought...
The NCAA Agreed to Pay Players. It Won’t Call Them Employees.
The immediate takeaway from the landmark $2.8 billion settlement that the N.C.A.A. and the major athletic conferences accepted on Thursday was that it cut straight...
G7 Finance Ministers Close Ranks as Tensions with Russia and China Fester
Top finance officials from the world’s advanced economies moved toward an agreement on Saturday over how to use Russia’s frozen central bank assets to aid...
What Trump 2.0 Could Mean for the Federal Reserve
Former President Donald J. Trump relentlessly criticized the Federal Reserve and Jerome H. Powell, its chair, during his time in office. As he competes with...
Fed Minutes Show Officials Were Wary About Inflation at May Meeting
Federal Reserve officials were wary about the recent lack of progress on inflation and remained willing to lift interest rates if conditions made it necessary...
Rent Is Harder to Handle and Inflation Is a Burden, a Fed Financial Survey Finds
American households struggled to cover some day-to-day expenses in 2023, including rent, and many remained glum about inflation even as price increases slowed. That’s one...
Senate Inquiry Finds BMW Imported Cars Tied to Forced Labor in China
A congressional investigation found that BMW, Jaguar Land Rover and Volkswagen purchased parts that originated from a Chinese supplier flagged by the United States for...
U.S. and Europe Move Closer to Using Russian Assets to Help Ukraine
The United States and Europe are coalescing around a plan to use interest earned on frozen Russian central bank assets to provide Ukraine with a...
A Loss at Mercedes-Benz Slows U.A.W.’s Southern Campaign
After suffering a setback at two Mercedes-Benz plants in Alabama on Friday, the United Automobile Workers union’s efforts to organize other auto factories in the...
Walmart Earnings Boosted by ‘Upper-Income’ Shoppers
The Numbers: Sales grew in stores and especially online. Walmart said its comparable-store sales in its U.S. business rose 3.8 percent from the quarter a...
Few Chinese Electric Cars Are Sold in U.S., but Industry Fears a Flood
The Biden administration’s new tariffs on Chinese electric vehicles won’t have a huge immediate impact on American consumers or the car market because very few...
Inside the Rent Inflation Measure That Economics Nerds Love to Hate
There’s a three-letter abbreviation that economists have started pronouncing with the energy of a four-letter word: “O.E.R.” It stands for owner’s equivalent rent, and it...
Fed Chair’s Confidence in Slowing Inflation Is ‘Not as High’ as Before
Jerome H. Powell, the Federal Reserve chair, reiterated Tuesday that policymakers were poised to hold interest rates steady at a high level as they waited...
What Forecasters Say About Interest Rates (and Why They Disagree)
How soon is soon? Or exactly how much later is later? As the year started, there was a widespread view among economists and on Wall...
U.S. Awards $120 Million to Polar Semiconductor to Expand Chip Facility
Federal officials will provide up to $120 million in grants to Polar Semiconductor to help the company expand its chip manufacturing facility in Minnesota, the...
U.S. to Announce New Tariffs on Chinese Electric Vehicles
The Biden administration is set to announce new tariffs as high as 100 percent on Chinese electric vehicles and additional import taxes on other Chinese...
Why Higher Fed Rates Are Not Totally Off the Table
Investors do not expect the Federal Reserve to raise interest rates again, and officials have made it clear that they see further increases as unlikely....
How 401(k) Drives Inequality – The New York Times
This past January, another bipartisan collaboration — between Alicia Munnell, who was an economist in the Clinton administration and who now serves as the director...
Biden to Announce A.I. Center in Wisconsin as Part of Economic Agenda
President Biden will travel to Wisconsin on Wednesday to announce the creation of an artificial intelligence data center, highlighting one of his administration’s biggest economic...
Antony Blinken Visits China – The New York Times
Secretary of State Antony J. Blinken cheered on the sidelines at a basketball game in Shanghai on Wednesday night, and spent Thursday chatting with students...
Job Openings and Hiring Are at a 3-Year Ebb
The red-hot labor market cooled somewhat in March, government data showed on Wednesday. Employers had 8.5 million unfilled job openings on the last day of...
U.S. Job Market Eases, but Hiring Remains Firm
The American job market may be shifting into a lower gear this spring, a turn that economists have expected for months after a vigorous rebound...
Federal Money Is All Over Milwaukee. Biden Hopes Voters Will Notice.
Across Milwaukee, residents can see evidence of federal money from laws passed under the Biden administration, if they know where to look. It shows up...
North Carolina Triad Tries to Reinvent Its Economy
Scott Kidd didn’t expect a terribly busy job when he became the town manager of Liberty, N.C., a onetime furniture and textile hub whose rhythms...