Income and spending rose less than prices in May.
The group, known as OPEC Plus, is at what could be an important crossroads. It has largely completed — at least on paper — its program to reverse the deep…
The group, known as OPEC Plus, is at what could be an important crossroads. It has largely completed — at least on paper — its program to reverse the deep…
“Since the pandemic, we’ve been living in a world where the economy is being driven by very different forces,” Jerome H. Powell said on Wednesday.Haiyun Jiang/The New York TimesJerome H.…
But the range of their forecasts is wide, from a relatively remote chance of a recession — commonly defined as a shrinking of the economy for two consecutive quarters —…
Even as more companies have become outspoken on social causes, the reaction by corporate America on Friday after the Supreme Court overturned Roe v. Wade was relatively muted.In response to…
Chaotic stock markets, sky-high interest rates and the pain of inflation have left one question at the top of Americans’ minds: Are we in a recession?Probably not yet, but there…
An underground natural gas storage facility in Rehden, Germany.David Hecker/Getty ImagesGermany warned residents and businesses on Thursday that the country is in a natural gas crisis that could worsen in…
Jerome H. Powell, the Federal Reserve chair, appeared before the Senate Banking Committee on Wednesday.Haiyun Jiang/The New York TimesJerome H. Powell, the chair of the Federal Reserve, said that the…
The Yang Mei Hu oil products tanker moored at a crude oil terminal in Nakhodka, Russia, this month.Tatiana Meel/ReutersA surge in demand from Asia for discounted Russian oil is making…
Robert Habeck, the German economy minister, said Germany still had access to natural gas after Gazprom’s restrictions, but it would be more costly. Tobias Schwarz/Agence France-Presse — Getty ImagesOfficials in…
U.S. stocks fell into bear market territory on Monday, a 20 percent decline from their peak in January, a sign of growing pessimism about the outlook for the economy. Markets…
Travel isn’t getting any cheaper.Strong demand after two years of pandemic lockdowns and other factors drove up already high airfare and hotel prices last month, with both reaching record highs.Flight…
Christine Lagarde, president of the European Central Bank, during a news conference in Amsterdam on Thursday.Peter Dejong/Associated PressThe European Central Bank entered into a new era on Thursday, as policymakers…
In a sign that service industry workers continue to have a strong interest in unionizing after successful votes at Starbucks, REI and Amazon, employees at a Trader Joe’s in western…
WASHINGTON — At her confirmation hearing in early 2021, Treasury Secretary Janet L. Yellen told lawmakers that it was time to “act big” on a pandemic relief package, playing down…
WASHINGTON — The Biden administration on Monday announced a two-year pause on imposing any new tariffs on the solar industry, following an outcry from importers who have complained the levies…
+600,000 jobs +390,000 in May Feb. ’22 +600,000 jobs +390,000 in May Feb. ’22 Job gains maintained their impressive run in May, even as government policymakers took steps to cool…
The group of oil-producing nations known as OPEC Plus agreed on Thursday to a larger increase in supply than planned for July and August.The higher output was hailed by the…
Looking for help in Brooklyn in January.Gabby Jones for The New York TimesThe labor market may be cooling off, but not by much, according to new data on job openings…
Stores in Ronda, a town in southern Spain. Annual inflation in the country has reached 8.5 percent.Jon Nazca/ReutersInflation in the euro area in May hit its highest annual level since…
Daniel Defense, the company that made the rifle a gunman used to kill 21 people inside a Texas elementary school this week, was one of hundreds of gun makers and…
Broadcom’s takeover of VMware would reshuffle the market for business computing.Mike Blake/ReutersBroadcom, the semiconductor giant, said on Thursday that it had agreed to buy the software company VMware in a…
Treasury Secretary Janet L. Yellen said that Russia’s ability to borrow had already essentially been cut off.Sarahbeth Maney/The New York TimesWASHINGTON — The Biden administration will start blocking Russia from…
The former British prime minister will speak with Peter Baker of The New York Times on May 2. Live Event A Live Conversation with Tony Blair Monday, May 2 12…
DealBook NewsletterChina, inflation, electric vehicles, deplatforming and other hot topics dominated the DealBook Online Summit this year.By Andrew Ross Sorkin, Jason Karaian, Sarah Kessler, Stephen Gandel, Michael J. de la Merced, Lauren Hirsch and
A federal judge has significantly reduced a $137 million damages award against Tesla in a lawsuit by a worker who said he had encountered racism on the job in the…