Tag: United States Economy

Investors Have Nowhere to Hide as Stocks, Bonds and Commodities All Tumble

Stocks? Messy. Bonds? Meh. Commodities? Not pretty. Most years, financial markets are a mixed bag. A bad year for risky investments, like stocks, might be a great one for safe bets like government bonds. Or, if worries about inflation are hurting bond investments, commodities like gold tend to do well. Not this year. For the […]

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As Labor Market Tightens, Women Are Moving Into Male-Dominated Jobs

ImageLearning how to install drywall in a construction techniques class at Madison College in Madison, Wis., this year.CreditMichelle Stocker/The Capital Times, via Associated Press Traditionally male industries have made a comeback. The three fastest-growing sectors since December 2016 have been the three that are most male-dominated: mining, construction, and transportation and utilities. Yet in the […]

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The Robots Have Descended on Trump Country

The growing use of work robots and the deployment of artificial intelligence have been most disruptive in just those areas of the country that provided President Trump with crucial margins of support in 2016. In a paper that was published earlier this year, “Robots and Jobs: Evidence from U.S. Labor Markets,” Daron Acemoglu and Pascual […]

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Trump Claims Progress With China as Negotiators Talk Trade

WASHINGTON — President Trump on Tuesday said the United States and China were having “very productive conversations” as top American and Chinese officials held their first talks since the two countries agreed to a 90-day trade truce earlier this month. The Chinese Commerce Ministry announced that Liu He, China’s economic czar, took part in a […]

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The New New World: The Huawei Executive’s Arrest Is Igniting Fear. The U.S. Should Take Notice.

Days after the Canadian authorities arrested one of China’s leading technology executives at the behest of Washington, Cisco warned some employees that China might return the favor. In an email with the subject line “Travel Restriction to China,” the Silicon Valley networking giant cautioned employees against nonessential travel to China “due to recent events.” Cisco […]

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Wall St. Faces Stomach-Churning Swings as Economic Uncertainty Grows

When a trade war broke out between the world’s two largest economies in June, investors barely blinked. After the Federal Reserve raised interest rates — often a reason for investors to sell stocks — the markets continued to climb. As some of the world’s largest economies began to slow down, American markets largely shrugged it […]

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As Hiring Slows, Employers Say It’s Getting Harder to Find Workers

MILWAUKEE — At Western Building Products’ banana-shaped factory on the lip of the Menomonee River outside Milwaukee, the company’s president, Mark Willey, is wrangling with a stubborn problem: not enough workers. “If someone is here a year, they never leave,” Mr. Willey said. “Our problem today is just finding people who want to work.” It […]

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Trump Administration Defends Arrest of Huawei Executive

WASHINGTON — A senior administration official said on Friday that the United States had repeatedly warned Huawei, one of China’s flagship technology firms, about violating American sanctions on Iran before the arrest Saturday of one of its top executives. “We’ve warned them for quite some time of violating the Iranian sanctions,” Larry Kudlow, director of […]

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The Economy Faces Big Risks in 2019. Markets Are Only Now Facing Up to Them.

ImageTraders outside the New York Stock Exchange this week. Worries about the economy’s future are finally starting to affect stock prices, even though the economy remains strong.CreditMary Altaffer/Associated Press After another week of exceptional volatility on Wall Street that has pummeled stock portfolios, there are two closely related questions worth asking. First, why is this […]

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Jobs Report for November: Here’s What to Watch For

The Labor Department will release the latest hiring and unemployment figures for November at 8:30 a.m. Eastern time. The monthly report provides one of the better snapshots of the state of the American economy. Here’s what to watch for: • After a hefty gain of 250,000 jobs in October, economists expect payroll gains of 190,000 […]

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The Art of the Imaginary Deal

Are we going to have a full-blown trade war with China, and maybe the rest of the world? Nobody knows — because it all depends on the whims of one man. And Tariff Man is ignorant, volatile and delusional. Why do I say that it’s all about one man? After all, after the 2016 U.S. […]

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Chinese Executive’s Arrest Sets Trump Priorities on a Collision Course

WASHINGTON — The arrest of a top Chinese technology executive in Canada at the behest of the United States is setting two Trump administration priorities on a collision course: trade policy and national security. The detention is a boon to administration officials trying to limit the global spread of Chinese technology and to enforce sanctions […]

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Global Stocks Plunge, Suggesting a Grim Day on Wall Street

HONG KONG — Global stock markets fell sharply on Thursday and Wall Street was poised for another sell-off after cautious hopes for a lasting trade truce between the United States and China were jolted anew by the arrest of a prominent Chinese technology executive. Investors’ anxiety over the fragile peace between the world’s two largest […]

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Stocks Slide After Trump Tweets on Trade, While Bond Market Sounds Recession Warning

Stocks fell on Tuesday, after President Trump sowed confusion over the status of a truce in the trade war between the United States and China, while the bond market, often considered a safe haven for investors, sent a stark warning about expectations for an economic slowdown. The S&P 500 dropped more than 2 percent, with […]

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You Don’t Understand Tariffs, Man

Not long after claiming victory in the midterm elections in which his party lost at least 39 House seats, President Trump kept up his winning streak this past weekend, this time on the world stage. At the Group of 20 summit in Buenos Aires, he called a temporary truce with President Xi Jinping of China […]

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The Conversation: That Christmas When the Trumps Saw Red

Bret Stephens: Gail, I was all set for us to converse about Michael Cohen and the Russians. And then the death of George H.W Bush — the only presidential candidate whose campaign I volunteered for (as a letter-stuffer in 1988) — reminded me that there was a time when our presidents were dignified, presidential, decent […]

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When C.E.O.s Cared About America

ImageSenator Elizabeth Warren spoke at American University in Washington, D.C., on Thursday.CreditT.J. Kirkpatrick for The New York Times The October 1944 edition of Fortune magazine carried an article by a corporate executive that makes for amazing reading today. It was written by William B. Benton — a co-founder of the Benton & Bowles ad agency […]

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Trade Truce by China and U.S. Gives Both Sides Political Breathing Room

The agreement reached by President Trump and President Xi Jinping of China to effectively pause their trade war and work toward a pact appears to be aimed at giving the two leaders some political breathing room after an escalating fight has begun inflicting economic damage on both sides of the Pacific. The temporary truce, forged […]

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Global Growth Cools, Leaving Scars of ’08 Unhealed

LONDON — Only a few months ago, the world’s fortunes appeared increasingly robust. For the first time since the wealth-destroying agony of the global financial crisis, every major economy was growing in unison. So much for all that. The global economy is now palpably weakening, even as most countries are still grappling with the damage […]

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