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 […]

Here’s what you need to know: Jessica Alba is putting her company on the block.Credit…Andrew Renneisen for The New York Times Jessica Alba’s Honest Company has hired Morgan Stanley and Jefferies to run a sale process that it hopes will value the company at more than $1 billion, according to people familiar with the matter, […]

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 […]

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 […]

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 […]

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 […]

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 […]

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, […]

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 […]

Here’s what you need to know: Delta said the number of miles redeemed in its SkyMiles program was down about 78 percent in the first half of 2020, compared to last year. Credit…David Ryder for The New York Times Delta Air Lines said Monday that it hoped to raise $6.5 billion in bonds and loans […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]