Markets Slip Ahead of Presidential Debate: Live Updates

Here’s what you need to know: Shoppers practice social distancing outside a Target in Manhattan in May. The pandemic has caused skittishness about shopping in stores.Credit…Hiroko Masuike/The New York Times Just after Amazon said on Monday that its annual Prime Day shopping event would be held on Oct. 13 and 14, Target announced that it […]

Tech Stocks Lead Wall Street Higher: Live Business Briefing

Here’s what you need to know: Stocks on Wall Street fluctuated between gains and losses Friday as investors continued to weigh new hopes for an agreement between the White House and lawmakers over a pandemic relief package against rising cases of the coronavirus. The S&P 500 started the day with a small decline, before swinging […]

Tell Us: How Is the Pandemic Affecting Youth Employment in Europe?

The youth unemployment rate across much of Europe surpassed 17 percent this summer, and is probably getting worse as the coronavirus regains force into a second wave. Despite furlough schemes and government measures that have temporarily kept tens of millions of people employed, a tsunami of layoffs is approaching Europe. The Times would like to […]

U.S. Jobless Claims Rose as Layoffs Continued: Live Updates

Here’s what you need to know: Lacy Kowalkowski sanitizes a table at Pinewood Social in Nashville. Restaurants are predicting more layoffs as outdoor dining declines with the arrival of cooler weather.Credit…William DeShazer for The New York Times Applications for jobless benefits rose last week as employers continued to lay off workers six months after the […]

Justice Dept. Seeks to Weaken Shield for Big Tech: Live Updates

Here’s what you need to know: Section 230 of the Communications Decency Act of 1996. The Department of Justice on Wednesday provided Congress with draft legislation that would limit the measure that shields digital platforms like Facebook and YouTube from lawsuits over user content they host. Under the proposal, platforms that intentionally ease the distribution […]

Fed Chief Testifies on Economy’s ‘Marked’ Progress: Live Updates

Here’s what you need to know: Jerome H. Powell, the Federal Reserve chair, in February. Mr. Powell told Congress that the economy’s path forward will depend on virus control and “policy actions taken at all levels of government.”Credit…Pool photo by Caroline Brehman Treasury Secretary Steven Mnuchin offered an upbeat view of the economic recovery on […]

Stocks Tumble as Surge in Virus Cases Imperils Recovery: Live Updates

Here’s what you need to know: The U.S. headquarters of TikTok in Culver City, Calif. A deal to acquire the company was announced on Saturday, but the details have come under scrutiny.Credit…Mike Blake/Reuters President Trump said on Monday that he would not approve a deal for TikTok if its Chinese owner did not fully sell […]

What to Know About Trump’s TikTok-WeChat App Store Ban: Live Updates

Here’s what you need to know: TikTok’s headquarters in Culver City, Calif.Credit…Rozette Rago for The New York Times The Trump administration said Friday it would block WeChat and TikTok from app stores in the United States. The ban will take effect on Sunday and means WeChat users in the country won’t be able to use […]

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The New York Times DealBook Conference

The InfluencersKris Jenner, C.E.O., Jenner Communications Kim Kardashian West, Entrepreneur, beauty mogul and producer A Father’s MissionManuel Oliver, Founder, ChangetheRef.org @Kevin Adds a CommentKevin Systrom, Co-Founder, Instagram Every Voice Counts Valerie Jarrett, Board Chair, When We All Vote The Currency of Trust David Marcus, Head, Calibra Bill Gates One-on-One Bill Gates, Co-Chair, Bill & Melinda Gates Foundation The […]

DealBook Debrief

DealBook Debrief is our discussion on the intersection of business, policy and culture, exploring solutions for stimulating economies, supporting workers and rebuilding public trust in a post-pandemic world. Hosted by Andrew Ross Sorkin, DealBook founder; Jason Karaian, DealBook editor; and Michael J. de la Merced, Wall Street and finance reporter.

U.S. Jobless Claims Fall, but Layoffs Continue: Live Updates

Here’s what you need to know: Initial weekly state unemployment claims By Ella Koeze·Not seasonally adjusted. Does not include claims made under the Pandemic Unemployment Assistance program.·Source: Labor Department New claims for state unemployment insurance fell last week, but layoffs continue to come at an extraordinarily high level by historical standards. Initial claims for state […]

Stocks Waver as Fed Officials Meet: Live Updates

Here’s what you need to know: The Federal Reserve slashed interest rates to near zero in March, and it is broadly expected to leave them there for years.Credit…Ting Shen for The New York Times Officials at the Federal Reserve are contemplating their next steps after announcing a new approach to interest rate setting last month, […]

Delta Says Most Workers to Avoid Furlough: Live Updates

Here’s what you need to know: The World Trade Organization agreed with China that the United States violated global trade rules with tariffs imposed by President Trump.Credit…Lam Yik Fei for The New York Times A World Trade Organization panel said Tuesday that the United States violated international trade rules by imposing tariffs on China in […]

Consumer Prices Rise as Used Car Purchases Soar: Live Updates

Here’s what you need to know: Credit…Nick Carey/Reuters Used cars and trucks were the biggest contributor to inflation on consumer prices for August, according to a Bureau of Labor Statistics report. The seasonally adjusted price of pre-owned vehicles rose 5.4 percent from July, the department said. Demand has been heightened by the desire to avoid […]

Unemployment Claims Show Little Relief From Virus’s Toll: Live Updates

Here’s what you need to know: More than four months after Americans began emerging from the coronavirus-caused lockdown across most states, the job market remains treacherous, according to new data from the Labor Department. More than 857,000 workers filed new claims for state unemployment insurance last week, before seasonal adjustments, a slight increase from the […]

Luxury Giant LVMH Pulls Out of $16 Billion Tiffany Deal: Live Updates

Here’s what you need to know: LVMH, the world’s largest luxury goods company, announced in November that it had reached an agreement to buy Tiffany in a $16.2 billion deal.Credit…Katherine Marks for The New York Times The $16.2 billion deal that would have brought together LVMH Moët Hennessy Louis Vuitton and Tiffany & Company, which would have […]

Tech Meltdown Drags Wall Street Lower: Live Updates

Here’s what you need to know: U.S. stocks fell on Tuesday, as the sudden pullback in technology stocks continued into a third day. The S&P 500 slid about 2 percent in early trading, while the tech-heavy Nasdaq composite was down more than 2 percent. Including the early decline Tuesday, the S&P 500 is down by […]

U.S. Added 1.4 Million Jobs in August: Live Updates

Here’s what you need to know: Jobs remain far below pre-pandemic levels Cumulative change in all jobs since August 2016 By Ella Koeze·Data is seasonally adjusted.·Source: Bureau of Labor Statistics Employers continued to bring back furloughed workers last month, but at a far slower pace than in the spring, and millions of Americans remain out […]

Tech Stock Selloff Leads Markets Lower: Live Updates

Here’s what you need to know: High-flying tech stocks stumbled sharply on Thursday, setting the S&P 500 up for its worst daily performance since June. The S&P 500 dropped more than 2 percent, while the tech-heavy Nasdaq composite was down nearly 4 percent. Apple was down 5 percent. Amazon and Microsoft were both down more […]

Tech Stock Selloff Leads Markets Lower: Live Updates

Here’s what you need to know: High-flying tech stocks stumbled sharply on Thursday, setting the S&P 500 up for its worst daily performance since June. The S&P 500 dropped more than 2 percent, while the tech-heavy Nasdaq composite was down nearly 4 percent. Apple was down 5 percent. Amazon and Microsoft were both down more […]

United Airlines Plans Furlough of 16,000 Workers: Live Updates

Here’s what you need to know: The furloughs would affect nearly 7,000 flight attendants, nearly 3,000 pilots and thousands of others who work in maintenance, airport operations and other roles. Credit…Lucy Hewett for The New York Times United Airlines said Wednesday that it expects to furlough 16,370 employees starting Oct. 1, when federal restrictions on […]

Mnuchin Testifies Before Congress on Coronavirus Aid: Live Updates

Here’s what you need to know: VideoTreasury Secretary Steven Mnuchin will update lawmakers on the Trump administration’s efforts to aid the economy during the pandemic.CreditCredit…Stefani Reynolds for The New York Times Treasury Secretary Steven Mnuchin said he was continuing to push for a “bipartisan agreement” on another round of economic stimulus from Congress.Credit…Stefani Reynolds for […]

China’s New Export Rules Complicate TikTok Deal: Live Updates

Here’s what you need to know: The surprise move may be China’s attempt to dictate terms of the sale, which is happening under orders from President Trump.Credit…Tingshu Wang/Reuters The Chinese government over the weekend imposed new restrictions on technology exports, including what sound like the algorithms that underpin TikTok, and the move has thrown a […]

Britain’s Central Bank Could Cut Rates Below Zero, Chief Says: Live Updates

Here’s what you need to know: The Bank of England’s head, Andrew Bailey, was delivering a speech at the virtual Jackson Hole symposium.Credit…Daniel Leal-Olivas/Agence France-Presse — Getty Images The Bank of England’s new head, Andrew Bailey, said Friday that his central bank was “not out of firepower,” noting that it could cut interest rates below […]

Fed’s Shift Could Keep Interest Rates Low for Longer: Live Updates

Here’s what you need to know: The Federal Reserve, in a significant shift that could keep interest rates low for longer periods, said it would focus on keeping unemployment low and allow inflation to run slightly higher in good times. The Fed chair, Jerome H. Powell. announced the change in a speech on Thursday at […]

World Economic Forum Says Davos Summit Postponed: Live Updates

Here’s what you need to know: Broadway Federal Bank branch in Los Angeles.Credit…Ringo Chiu/Zumapress, via Alamy Two Black-led banks are merging in a deal that will create the nation’s largest Black-owned depository institution insured by the federal government and the first with assets of more than $1 billion. Broadway Federal Bank, a Los Angeles-based lender […]

American Airlines to Furlough 19,000 Employees: Live Updates

Here’s what you need to know: Flight attendants and pilots account for about half of the furloughs at American, with about 8,100 flight attendants and about 1,600 pilots expected to be let go.Credit…Shannon Stapleton/Reuters American Airlines plans to furlough 19,000 employees this fall when restrictions on job cuts that airlines agreed to in exchange for […]

Delta to Furlough 2,000 Pilots, Despite Buyouts

Here’s what you need to know: More than 1,800 Delta Air Lines pilots signed up for early retirement, but the company said that wasn’t enough.Credit…Michael A. Mccoy/Getty Images Delta Air Lines said in an internal memo that it will need to furlough nearly 2,000 pilots in October, a reflection of the lackluster recovery nearly six […]

U.K. Government Debt Tops £2 Trillion: Live Updates

Here’s what you need to know: Copied to clipboard. Harvesting lobsters in Lincolnville, Maine. The lobster industry has suffered from a steep decline in prices because of the collapse of tourism.Credit…Tristan Spinski for The New York Times The United States and the European Union announced on Friday a small but significant breakthrough in trade negotiations […]

A Rescue Plan for the Planet? Watch Our Debate Here.

[embedded content] The devastation of Covid-19 has forced swift and startling change around the globe. To combat the coronavirus, governments poured money into rescue programs, companies adapted their goals and production, central banks permitted exceptional stimulus packages and many societies mobilized to shield the most vulnerable. The New York Times hosted a debate on July […]