“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.Credit…Haiyun Jiang/The New York Times SINTRA, Portugal — Three of the world’s top central bankers set out a grim prediction on Wednesday: The forces that weighed down inflation for decades before […]

Citigroup Economists at Citigroup, led by Nathan Sheets, the global chief economist, put the odds of a global recession at 50 percent and expect the U.S. economy to slow but not shrink, although “we see recession probabilities as appreciable and rising.” TD Bank The Canadian bank’s economics team, led by Beata Caranci, the chief economist, […]

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 — to more confident predictions that a downturn is imminent. In general, forecasters who say a recession will be avoided emphasize that they might be too […]

The outlook for this year has become much less certain as the stock market has plummeted in recent months and certain forms of federal aid, like stimulus checks and expanded unemployment benefits, have ended. The city’s Independent Budget Office said it was not possible to calculate the tax revenue lost from the people who had […]

Ms. Dakhil, however, decided to investigate for herself. “I made a concerted effort to get to know Kareem and have been pleasantly surprised,” she said. “He is brimming over with high levels of EQ” — emotional intelligence — “and yet he doesn’t pretend to know everything. He’s curious and listens. And most of all, I […]

The authorities have recalled more than 400,000 solar-powered umbrellas sold at Costco because of overheating and fire risks. The U.S. Consumer Product Safety Commission, which issued the recall on Thursday for the 10-foot SunVilla Solar LED Market Umbrella, said consumers reported that lithium-ion batteries in the umbrella’s solar panel can overheat, posing fire and burn […]

Since October 2020, Just the Pill has provided more than 2,500 telemedicine consultations with doctors to supply abortion pills by mail to patients in Colorado, Minnesota, Montana and Wyoming. Within a few days, it plans to deploy in Colorado the first of what will become “a fleet of mobile clinics” to park along state borders, […]

Mr. David-Weill was sometimes referred to as the “Sun King.” “Everything revolved around Michel at Lazard,” William D. Cohan, the author of “The Last Tycoons: The Secret History of Lazard Frères & Co.” (2007), said in an interview. Mr. Cohan worked at Lazard for six years. “To me it seemed like the most interesting and […]

Three days after the Broadway League announced that all 41 theaters would make masks optional starting July 1, one of those theaters has decided to stick with mandatory face coverings. The producers of a starry revival of “American Buffalo,” which is a 1975 drama by David Mamet about three schemers in a junk shop, announced […]

Stocks jumped on Friday and were poised to end the week with a gain, a relatively rare development during a tumultuous time for Wall Street. The S&P 500 rose more than 2 percent in midday trading, building on a 1 percent gain the day before. The index is on track for a gain of more […]