Category: Finance

Jerome H. Powell, the chair of the Federal Reserve, indicated on Tuesday that recent inflation data had given the central bank more confidence that price [more…]

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 [more…]

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 [more…]

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 [more…]

Halfway through the year, and four years removed from the downturn set off by the coronavirus pandemic, the U.S. job engine is still cruising — [more…]

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 [more…]

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 [more…]

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 [more…]

Most automakers on Tuesday, with the exception of Tesla, reported modest sales growth in the three months between April and June as high interest rates, [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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. [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

“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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

The U.S. economy keeps throwing curveballs, and the May employment report is the latest example. Employers added 272,000 jobs last month, the Labor Department reported [more…]

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 [more…]

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 [more…]

For much of the last four years, automakers and their dealers had so few cars to sell — and demand was so strong — that [more…]

U.S. consumers, fatigued by a three-year bout of inflation, want lower prices. And large retailers that have increased prices, partly to contend with their own [more…]

Southern California appeared to be under siege from a blockade. More than 50 enormous vessels bobbed in the frigid waters of the Pacific Ocean, marooned [more…]

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. [more…]

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 [more…]

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 [more…]

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 [more…]

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, [more…]

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 [more…]

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 [more…]

Last year, two unions representing workers at three large automakers and UPS negotiated new labor contracts that included big raises and other gains. Leaders of [more…]

For more than half a century, concerns about oil shortages or a damaged climate have spurred governments to invest in alternative energy sources. In the [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

France and Germany’s recent agreement to develop a new multibillion-dollar battlefield tank together was immediately hailed by the German defense minister, Boris Pistorius, as a [more…]

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 [more…]

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 [more…]

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 [more…]

The Numbers: Sales growth in stores and especially online. Walmart said its comparable-store sales in the United States rose 3.8 percent from the quarter a [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

High interest rates haven’t crashed the financial system, set off a wave of bankruptcies or caused the recession that many economists feared. But for millions [more…]

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 [more…]

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 [more…]

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. [more…]

This past January, another bipartisan collaboration — between Alicia Munnell, who was an economist in the Clinton administration and who now serves as the director [more…]

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 [more…]

When prices for grocery staples surged in 2021 and 2022, some Americans who had not regularly shopped at Walmart increasingly turned to the retailer, which [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

The Federal Reserve spent much of 2022 and 2023 narrowly focusing on inflation as policymakers set interest rates: Prices were rising way too fast, so [more…]

Ben Houchen, a regional mayor in the north of England, faces a close re-election race, partly thanks to the broader troubles of Britain’s Conservative Party.

Federal Reserve officials left interest rates unchanged and signaled that they are wary about how stubborn inflation is proving, paving the way for a longer [more…]

Federal Reserve officials are fiercely protective of their separation from politics, but the presidential election is putting the institution on a crash course with partisan [more…]

More than two years after the Federal Reserve started lifting interest rates to restrain growth and weigh on inflation, businesses continue to hire, consumers continue [more…]

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 [more…]

A crucial question is hanging over the American economy and the fall presidential election: Why are consumer prices still growing uncomfortably fast, even after a [more…]

Secretary of State Antony J. Blinken is meeting officials in China this week as disputes over wars, trade, technology and security are testing the two [more…]

At the start of 2024, investors expected the Federal Reserve to cut interest rates substantially this year as inflation cooled. But price increases have been [more…]

The U.S. economy remained resilient early this year, with a strong job market fueling robust consumer spending. The trouble is that inflation was resilient, too. [more…]

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 [more…]

When the N.F.L. took its college draft on the road a decade ago, its first stops were Chicago, Philadelphia and Dallas, three of the league’s [more…]

Shoppers in recent years have embraced “buy now, pay later” loans as an easy, interest-free way to purchase everything from sweaters to concert tickets. The [more…]

In a landmark victory for organized labor, workers at a Volkswagen plant in Tennessee have voted overwhelmingly to join the United Automobile Workers union, becoming [more…]

Private members’ bills, particularly those from members of the Bloc Québécois, rarely make their way through the parliamentary process. But after passing the House of [more…]

“If workers in Chattanooga get a great contract, a big raise, better health benefits, and then the same thing at Mercedes, there will be a [more…]

Another start-up founder is going to prison for overstating his company’s performance to investors. Manish Lachwani, who last year pleaded guilty to three counts of [more…]

Another start-up founder is going to prison for overstating his company’s performance to investors. Manish Lachwani, who last year pleaded guilty to three counts of [more…]

President Biden’s trillion-dollar effort to invigorate American manufacturing and speed a transition to cleaner energy sources is colliding with a surge of cheap exports from [more…]

President Biden on Wednesday called for major increases to some tariffs on steel and aluminum products from China, speaking to members of a national steelworkers [more…]

Last fall the United Automobile Workers union won big pay increases from the Detroit automakers, and the impact rippled quickly through the nonunion auto plants [more…]

Meeting outside Paris last week, top officials from France, Germany and Italy pledged to pursue a coordinated economic policy to counter stepped-up efforts by Washington [more…]

Some 64 percent of Pennsylvanians responding to a Quinnipiac poll in early January described their financial situation as excellent or good; 24 percent characterized it [more…]

The path to a “soft landing” doesn’t seem as smooth as it did four months ago. But the expectations of a year ago have been [more…]

Maine has a lot of lobsters. It also has a lot of older people, ones who are less and less willing and able to catch, [more…]

The rise of international trade, Mr. Kelly added, can often offset slowing domestic demand since businesses, enabled by the internet, can find customers throughout the [more…]

America seemed headed for an economic fairy-tale ending in late 2023. The painfully rapid inflation that had kicked off in 2021 appeared to be cooling [more…]

Investors were betting big on Federal Reserve rate cuts at the start of 2024, wagering that central bankers would lower interest rates to around 4 [more…]

The Biden administration will award up to $6.6 billion in grants to Taiwan Semiconductor Manufacturing Company, the leading maker of the most advanced microchips, in [more…]

The Bureau of Labor Statistics shared more information about inflation with Wall Street “super users” than previously disclosed, emails from the agency show. The revelation [more…]

There was anxiety in the thin mountain air when the planet’s economic leaders gathered in January at Davos for the 54th meeting of the World [more…]

Treasury Secretary Janet L. Yellen confronted her Chinese counterpart about China’s surging exports of inexpensive electric vehicles and other green energy goods, saying that they [more…]

Zohar Gilad runs Fast Simon, a company that helps retailers optimize their websites. Instead of offering different prices, they might display higher-end items for customers [more…]

Workers at a Mercedes-Benz factory in Alabama have petitioned federal officials to hold a vote on whether to join the United Automobile Workers, the union [more…]

Another month, another burst of strong job gains. Employers added 303,000 jobs in March on a seasonally adjusted basis, the Labor Department reported on Friday. [more…]

Kate Shindle, who has served as president of Actors’ Equity Association for nine years, is stepping down after a tenure dominated by the coronavirus pandemic [more…]

When it came to wildfires, 2021 was an increasingly common kind of year in Montana: Flames consumed 747,000 acres, an area nearly the size of [more…]

Jerome H. Powell, the chair of the Federal Reserve, reiterated on Wednesday that the central bank can take its time before cutting interest rates as [more…]

For more than half a century, the handbook for how developing countries can grow rich hasn’t changed much: Move subsistence farmers into manufacturing jobs, and [more…]

Wendy’s ordering kiosks. Ben & Jerry’s grocery store freezers. Abercrombie & Fitch’s marketing. Many mainstays of the American customer experience are increasingly powered by artificial [more…]

Jerome H. Powell, the chair of the Federal Reserve, said on Friday that resilient economic growth is giving the central bank the flexibility to be [more…]

The latest reading of the Federal Reserve’s favorite inflation gauge was in line with economists’ expectations, as price increases hovered above the central bank’s target [more…]

Farmers who grow fresh fruits and vegetables are often finding crop insurance prohibitively expensive — or even unavailable — as climate change escalates the likelihood [more…]

The ambitious law, which supporters hope to see replicated nationwide, has been characterized by opposing sides in stark terms. To backers, it is a step [more…]

Even before an enormous container ship rammed a bridge in Baltimore in the early hours of Tuesday, sending the span hurtling into the Patapsco River, [more…]

For nearly three decades, Australia seemed to have a sort of get-out-of-jail card that allowed it to glide through the dot-com bust and the global [more…]

Baltimore ranks first in the United States for the volume of automobiles and light trucks it handles, and for vessels that carry wheeled cargo, including [more…]

Low water levels have forced officials to slash the number of ships that are allowed through the Panama Canal, disrupting global supply chains and pushing [more…]

For those striking at the gates of the SRW scrap metal plant, just outside Germany’s eastern city of Leipzig, time can be counted not just [more…]

Shortly after Jonathan Kanter took over the Justice Department’s antitrust division in November 2021, the agency secured an additional $50 million to investigate monopolies, bust [more…]

One afternoon in late February, an employee at the Bureau of Labor Statistics sent an email about an obscure detail in the way the government [more…]

Slowing America’s rapid inflation has been an unexpectedly painless process so far. High interest rates are making it expensive to take out a mortgage or [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

“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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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, [more…]

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” [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

“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 [more…]

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 [more…]

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 [more…]

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 [more…]

“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 [more…]

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 [more…]

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. [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]

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 [more…]