NYT > Economy

    Polls Show Government Shutdown Is Eroding Faith in Economy

    Polls Show Government Shutdown Is Eroding Faith in Economy


    Demonstrators rallying against the government shutdown outside the Capitol last week. The shutdown and a late-year slump in the stock market have eroded Americans’ optimism about the...

    Consumer-sentiment readings are declining, and more Americans rate President Trump’s economic policies poorly, as the impasse in Washington drags on.
    Climate Change’s Giant Impact on the Economy: 4 Key Issues

    Climate Change’s Giant Impact on the Economy: 4 Key Issues


    Wading through flood waters from Tropical Storm Harvey in Houston in August 2017. “We know we can adapt to slow changes,” a Yale economist said. “Rapid changes are the ones that would be most damaging and...

    Many of the big economic questions in coming decades will come down to just how extreme the weather will be, and how to value the future versus the present.
    ‘Bear Market’ Is an Arbitrary Label, but Using It Can Hurt

    ‘Bear Market’ Is an Arbitrary Label, but Using It Can Hurt


    Popular definitions for “bear markets” aren’t scientifically based, the economist Robert Shiller says, yet they can contribute to downward...

    Popular definitions for “bear markets” aren’t scientifically based, the economist Robert Shiller says, yet they can contribute to downward spirals.
    Government Shutdown Shakes Stability of Jobs That Are Often the Best Around

    Government Shutdown Shakes Stability of Jobs That Are Often the Best Around


    Verla Bloomfield handles claims for the Social Security Administration in Tulsa, Okla. Ms. Bloomfield, who has a master’s degree, prefers the stability of her federal job to more highly paid work in the private...

    Federal work is an anchor in many local economies, offering security and benefits increasingly rare in the private sector and a route to the middle class.
    Shutdown’s Economic Damage Starts to Pile Up, Threatening an End to Growth

    Shutdown’s Economic Damage Starts to Pile Up, Threatening an End to Growth


    Federal workers, contractors and supporters demanding the reopening of the government last week. The White House estimated on Tuesday that the shutdown was causing twice as much economic damage as previously...

    The White House doubled its estimate of the shutdown’s drag on growth, and other economists warned a long stalemate could push the economy into a contraction.
    Consider Firing Your Male Broker

    Consider Firing Your Male Broker


    Years of research show female investors outperform men. But only about 1 in 5 brokers are...

    Years of research show female investors outperform men. But only about 1 in 5 brokers are women.
    Executive Shuffle at NBC Hints at C.E.O. Succession

    Executive Shuffle at NBC Hints at C.E.O. Succession


    NBCUniversal announced on Monday that it planned to make an advertising-supported streaming service available in...

    Stephen B. Burke, the chief executive of NBCUniversal, put Jeff Shell in charge of the company’s Hollywood operations, while Mark Lazarus will oversee its TV assets.
    Female Economists Push Their Field Toward a #MeToo Reckoning

    Female Economists Push Their Field Toward a #MeToo Reckoning


    “I spent all my time hoping that no one would remember I was female,” Susan Athey, an economist at Stanford, said of her first economics department job. She spoke at a panel discussion at the American Economics Association gathering last...

    At the economics profession’s largest annual gathering, women said sexual harassment, discrimination and bullying were pushing them to the sidelines or out of the field altogether.
    Fed Ready to Pause on Interest Rate Increases

    Fed Ready to Pause on Interest Rate Increases


    Federal Reserve Chairman Jerome H. Powell briefed reporters after December’s Fed meeting. Minutes of that meeting, released on Wednesday, show the Fed is likely to hit pause on rate increases in early...

    Fed minutes and comments by officials signal that the central bank will not raise rates at its next meeting, in January, and is unlikely to do so at the following meeting, in March.
    China Offers Trump a Trade Peace Deal. It May Not Be Enough.

    China Offers Trump a Trade Peace Deal. It May Not Be Enough.


    A combine harvests soybeans on a farm outside Salina, Kan. China has resumed its purchases of American soybeans, but it is not clear whether Beijing’s recent concessions will lead to a lasting truce on trade with the United...

    Beijing’s proposed concessions may help both sides, but may not alleviate the tensions fueling its economic conflict with the United States.
    Who Wants a Market Downturn? These Investors Actually Do

    Who Wants a Market Downturn? These Investors Actually Do


    Vini Letteri, a managing director at KKR, has a “downturn list” of 150 companies his firm wants to invest in if start-up valuations...

    Some venture capitalists are rooting for a market dip to calm Silicon Valley’s overheated start-up scene.
    As Big Retailers Seek to Cut Their Tax Bills, Towns Bear the Brunt

    As Big Retailers Seek to Cut Their Tax Bills, Towns Bear the Brunt


    Wauwatosa, Wis., is chockablock with malls. Some of the stores are challenging their property taxes, arguing that their assessment should be based on the sale price of vacant stores in other...

    If Walmart, Lowe’s and other companies win their property tax appeals, homeowners and small businesses will have to pay more or live with smaller town budgets.
    China Pours $218 Billion Into the Economy as Growth Slows

    China Pours $218 Billion Into the Economy as Growth Slows


    A store in Shenzhen. China has traditionally used its state-controlled banking system to flood the economy with money when growth...

    The Chinese central bank’s move is intended to send a signal that Beijing is ready to stem a slowdown that has darkened the global outlook.
    Strong Hiring and Fed Chief’s Reassurance on Rates Delight Investors

    Strong Hiring and Fed Chief’s Reassurance on Rates Delight Investors


    Construction workers erecting scaffolding last month in Manhattan. Builders continued to hire last year even as the housing market...

    A December gain of 312,000 jobs sent stocks up more than 3 percent, and the Federal Reserve chairman offered soothing words on the central bank’s plans.
    Fed Chairman Powell to Markets: I Hear You

    Fed Chairman Powell to Markets: I Hear You


    The Fed chairman, Jerome Powell, left, with his two immediate predecessors, Janet Yellen and Ben Bernanke, in Atlanta on...

    His message to investors seemed to repair the damage from his remarks two weeks ago.
    U.S. Auto Sales Put Up a Big Number, but Show Signs of Strain

    U.S. Auto Sales Put Up a Big Number, but Show Signs of Strain


    A Chevrolet dealership in Colma, Calif., near San Francisco. Although American auto sales have been on a record streak, General Motors announced recently that it would idle plants and cut its work...

    The industry sold more than 17 million vehicles for the fourth straight year. But it is relying more on fleet sales, and economic winds are not favorable.
    Big Tech May Look Troubled, but It’s Just Getting Started

    Big Tech May Look Troubled, but It’s Just Getting Started


    In San Jose, Calif., the third home from the left was part of a two-house deal worth $4 million to Google as it continues to...

    Even as Facebook, Google and others confronted challenges in 2018, their ambitions were undimmed. After all, so much of life remains undisrupted.
    ‘I Have Seen Many Crises’: Steel Magnate Stands Firm as Turmoil Hits Turkey

    ‘I Have Seen Many Crises’: Steel Magnate Stands Firm as Turmoil Hits Turkey


    Fuat Tosyali, a Turkish steel magnate, is optimistic despite the country’s recent downturn. “The economic turbulence is temporary,” he...

    Despite being hurt by inflation, a falling currency and import tariffs imposed by the Trump administration, Fuat Tosyali, a Turkish industrialist, plans to expand production.