The trajectory of the economy as the holidays approach and a tumultuous year nears its conclusion will come into focus Friday morning when the government releases data on hiring and unemployment in November. Economists polled by Bloomberg are looking for a gain of 550,000 jobs, a robust number that suggests economic momentum. In October, employers […]
WASHINGTON — The Federal Trade Commission on Thursday sued to block Nvidia’s $40 billion acquisition of a fellow chip company, Arm, halting one of the biggest semiconductor industry deals in history, as federal regulators push to rein in corporate consolidation. The F.T.C. said the deal between Nvidia, which makes chips, and Arm, which licenses chip […]
live Video The Federal Reserve chair, Jerome H. Powell, and Treasury Secretary Janet Yellen testify before the Senate Banking Committee at a time when prices are rising at the fastest pace in three decades.CreditCredit…Al Drago for The New York Times By Jeanna Smialek and Alan Rappeport Jerome H. Powell, the Federal Reserve chair, told lawmakers […]
In a statement after Monday’s release, Richard Azzopardi, a spokesman for the former governor, accused Ms. James, who is now running for governor, of acting out of political malice toward Mr. Cuomo — a stance that he and the former governor’s lawyers have repeatedly taken in the months since the report was issued in an […]
ImageThe New York Stock Exchange on Friday, where stocks dropped on initial news of a new Covid-19 variant discovered in southern Africa.Credit…Richard Drew/Associated Press By Carlos Tejada and Eshe Nelson Global markets steadied on Monday, with U.S. stocks and oil prices gaining, as investors contemplated more carefully the knowns and unknowns of a new Covid-19 […]
This hints at a weakness of the new focus on misinformation: It’s a technocratic solution to a problem that’s as much about politics as technology. The new social media-fueled right-wing populists lie a lot, and stretch the truth more. But as American reporters quizzing Donald Trump’s fans on camera discovered, his audience was often in […]
What’s Up? (Nov. 21-27) Four More Years On Monday, President Biden announced that he was renominating Jerome H. Powell for another four-year term as chair of the Federal Reserve, resisting pressure from progressive Democrats who wanted a change at the top of the Fed and instead choosing policy continuity. But in a move that could […]
HICKORY, N.C. — Six months into the coronavirus pandemic, as millions of workers lost their jobs and companies fretted about their economic future, something unexpected happened at Hancock & Moore, a purveyor of custom-upholstered leather couches and chairs in this small North Carolina town. Orders began pouring in. Families stuck at home had decided to […]
For nearly 20 months, the roughly 1.3 million Americans living in nursing homes and their families grappled with strict visitation policies that, while designed to keep vulnerable residents safe from the coronavirus, caused distress for separated loved ones and had serious health consequences for many suddenly isolated seniors. Initially, visitors were barred entirely. Later, facilities […]
That spring, only a few months later, Mr. Kushner successfully pushed for his father-in-law to make his first international trip to a summit in Riyadh, the Saudi capital, where the president was photographed participating in a traditional sword dance. Around the same time, Mr. Kushner personally helped negotiate a 10-year agreement for Saudi Arabia to […]