NYT > Economy

    Why the Housing Market Is Slumping Despite a Booming Economy

    Why the Housing Market Is Slumping Despite a Booming Economy


    A sign pointed to an open house in Waukee, Iowa, earlier this year. Housing sales have slowed in recent...

    Home prices are out of reach relative to incomes and mortgage rates. The big question for the economy is how the imbalance adjusts.
    Before a Deal, Amazon Had to Know: Could Cuomo and De Blasio Get Along?

    Before a Deal, Amazon Had to Know: Could Cuomo and De Blasio Get Along?


    A former General Services Administration building is surrounded by residential and office high-rises in the Crystal City neighborhood of Arlington,...

    After meeting with the governor and mayor, Amazon decided the men could put aside their differences, and it began to iron out a package worth over a billion dollars.
    A $2 Billion Question: Did New York and Virginia Overpay for Amazon?

    A $2 Billion Question: Did New York and Virginia Overpay for Amazon?


    Gov. Andrew M. Cuomo of New York looked on as Mayor Bill de Blasio shook hands Tuesday with John Schoettler, an Amazon executive. The state will give the company more than $1.5 billion in incentives to locate an operation in Long Island City, Queens, and...

    The states offered tax credits, rebates and other incentives to lure the online retail giant and 25,000 jobs. Neighboring states offered even more.
    Amazon’s New York Home Qualifies as ‘Distressed’ Under Federal Tax Law

    Amazon’s New York Home Qualifies as ‘Distressed’ Under Federal Tax Law


    Several areas of Long Island City have been designated as federal “opportunity zones.” The one that includes Amazon’s site was attracting development even before the tax...

    The Long Island City site was designated as an “opportunity zone,” an incentive created by President Trump’s tax bill to help low-income areas attract investment.
    Japan’s Economy Hit by Natural Disasters and Trade Frictions

    Japan’s Economy Hit by Natural Disasters and Trade Frictions


    The Keihin Industrial Zone in Kawasaki, Japan. A decline in Japan’s domestic demand was the biggest reason the economy shrank, but economists say the disruptions were temporary and the decline in exports is more...

    The third-quarter contraction was greater than expected and offered a worrying sign that trade protectionism is starting to take a toll.
    The Economy Didn’t Save Republicans After All

    The Economy Didn’t Save Republicans After All


    President Trump greeting Representative Jason Lewis of Minnesota at a rally last month. Mr. Lewis lost his re-election bid even though the unemployment rate in his district was just 2.5...

    Neither strong growth nor a $1.5 trillion tax cut helped President Trump’s party in the midterm elections — by any number of measures.
    Devah Pager, Who Documented Race Bias in Job Market, Dies at 46

    Devah Pager, Who Documented Race Bias in Job Market, Dies at 46


    Devah Pager at Harvard University, where she was a professor of sociology and public policy. In her seminal work, she documented what she called the “powerful effects of race” on hiring...

    Her research established that a white man, even if he had a felony conviction, fared better when applying for a job than a black man with no criminal record.
    Fed Keeps Rates Unchanged and Signals December Increase Is on Track

    Fed Keeps Rates Unchanged and Signals December Increase Is on Track


    The Fed said the economy remained strong, but it did not raise rates at the conclusion of its two-day policy meeting on Thursday. A December increase is still...

    The Fed, as expected, did not raise interest rates at its meeting that ended on Thursday but indicated another increase is still expected in December.
    What Democratic Control of the House Could Mean for Your Wallet

    What Democratic Control of the House Could Mean for Your Wallet


    Demonstrators in Salt Lake City last year protesting efforts to replace the Affordable Care Act. Once in control of the House, Democrats may move to shore up the...

    A change in control will block renewed tax-cut initiatives, but there may be room for accord on drug pricing and even stimulus, if the recovery falters.
    Visions of a Tech Hub? Landing Amazon Is Just a Start

    Visions of a Tech Hub? Landing Amazon Is Just a Start


    Long Island City, Queens, is New York’s candidate to be a major site for Amazon. Large cities may have had an advantage in the company’s search because they can absorb an influx of...

    How the company and local officials flesh out plans for the new corporate presence will be crucial to the economic lift it produces.
    Was Amazon’s Headquarters Contest a Bait-and-Switch? Critics Say Yes

    Was Amazon’s Headquarters Contest a Bait-and-Switch? Critics Say Yes


    Amazon defied expectations by splitting its second headquarters into two locations. For the internet company, it seems to be working out rather...

    Amazon defied expectations by splitting its second headquarters into two locations. For the internet company, it seems to be working out rather nicely.
    China Seeks Allies as Trump’s Trade War Mounts. It Won’t Be Easy.

    China Seeks Allies as Trump’s Trade War Mounts. It Won’t Be Easy.


    President Xi Jinping of China at the opening ceremony of the first China International Import Expo in Shanghai on Monday. Mr. Xi is pressing the case that China can be a positive force for global...

    President Xi Jinping kicks off a Shanghai event showing a growing Chinese appetite to buy from the rest of the world. Even critics of the U.S. have doubts.
    Economic View: Preserving the Wealth That Conservation Built

    Economic View: Preserving the Wealth That Conservation Built


    The Trump Hotel and Tower on the banks of the Chicago River, which has been cleaned up from its days as a polluted...

    Business and conservation needn’t be opposed to one another. Government regulation to preserve the environment can unlock private sector wealth.