ECONOMY

Biden says he’s reshaping the economy. Economists say it’s too early to tell.

While President Biden's policies redirect billions of dollars into new kinds of investment and jobs, experts warn it could take years before Americans see lasting results.

By Abha Bhattarai and Jeanne WhalenJune 30, 2023

Consumers and retailers brace for student loan payments restart

Economists say it could further cool consumer spending — long a bright spot for U.S. economy — by redirecting billions of dollars to monthly loan payments.

By Jacob Bogage and Jaclyn PeiserJune 30, 2023

Who has student loan debt in America?

Public awareness of education debt is high amid debates over loan forgiveness, yet little is discussed of how the debt shakes out.

By Alyssa Fowers and Danielle Douglas-GabrielJune 30, 2023
BusinessAdvice

Work Advice: How experienced workers can help new hires integrate

Readers share the best (and worst) ways senior colleagues helped them integrate into a new workplace.

By Karla L. MillerJune 29, 2023

Harry Markowitz, Nobel economist who changed investing, dies at 95

Dr. Markowitz's groundbreaking work on diversified investment strategies helped open the era of mutual funds and money managers.

By Brian MurphyJune 28, 2023

Senators probe employers’ use of ‘manager’ title to avoid overtime

The probe by Sens. Elizabeth Warren (D-Mass.) and Sherrod Brown (D-Ohio) follows the release of a report that found that many employers in the U.S. offer positions labeled “manager” to avoid paying overtime.

By Lauren Kaori GurleyJune 28, 2023

Rental prices are finally starting to drop from pandemic highs

Rent is starting to drop. But housing costs are still by far the main factor driving inflation.

By Rachel SiegelJune 26, 2023

McDonald’s child labor audit demanded by some shareholder groups

A group of shareholders is asking McDonald's to look into child labor violations at restaurants.

By Lauren Kaori GurleyJune 23, 2023
BusinessAdvice

Work Advice: The unwritten workplace rules we wish someone had told us

Readers share the unwritten rules of the workplace that they wish they had known early on.

By Karla L. MillerJune 22, 2023

NYC approves hikes for some 1M rent-stabilized apartments

Tenants and landlords in New York City, where almost 2.3 million housing units are renter-occupied, have faced spiraling costs in recent years.

By Niha MasihJune 22, 2023

Bernie Sanders launches Senate investigation into Amazon labor practices

An investigation into workplace health and safety practices at Amazon gives Bernie Sanders an outlet to push for accountability from one of the country’s most influential employers amid a split Congress.

By Lauren Kaori Gurley and Caroline O'DonovanJune 20, 2023

A barista fought to unionize her Starbucks. Now she’s out of a job.

Lexi Rizzo’s Starbucks bosses called her a "great employee," but she was fired after leading the push to unionize her Buffalo store.

By Greg JaffeJune 17, 2023

UPS union approves nationwide strike for this summer

The strike vote brings the country a step closer to the largest work stoppage in 26 years, as soon as Aug. 1.

By Lauren Kaori GurleyJune 16, 2023
BusinessAdvice

Work Advice: Chatting with Dad on employer’s Facebook page — cute or cringey?

Our social media manager banters with her dad on our public Facebook page. Is it all in good fun, or is it a bit weird?

By Karla L. MillerJune 15, 2023

Fed leaves rates unchanged for first time since March 2022

For central bankers, the goal is to evaluate how their moves over the past year are affecting the economy in real time.

By Rachel Siegel and Abha BhattaraiJune 14, 2023

There’s a widening spending gap between retirees and younger adults

Older Americans are splurging more on travel and dining out than younger consumers, who are spending more on housing and basics, according to a new report.

By Abha BhattaraiJune 14, 2023

Inflation eased further in May but remains above normal levels

The latest inflation snapshot comes as the Federal Reserve is expected to leave rates untouched at this week’s policy meeting.

By Rachel SiegelJune 13, 2023

Gig workers could find it easier to unionize under new ruling

The National Labor Relations Board ruled Tuesday to broaden the requirements for independent-contractor classification, which could allow millions of new workers to organize, form unions and strike.

By Lauren Kaori GurleyJune 13, 2023

People are spending less on hotels, flights and restaurants

Signs of a consumer slowdown could be good news for the Fed, which is poised to hold interest rates steady for the first time in over a year.

By Abha BhattaraiJune 12, 2023

Musk and Dimon are not alone in sticking with China, despite tensions

Investors grapple with political risks around U.S.-China ties.

By David J. LynchJune 10, 2023