Want this column in your inbox? Sign up here. Are you a Valentine’s Day person? If not, welcome to a growing club of detractors. Only 51 percent of Americans plan to celebrate the “holiday” in 2019, according to the National Retail Federation, marking a 12-year downward trend. But if you are an observer, how nice…
Top Democrats, eager to reverse a corporate windfall created by President Trump’s $1.5 trillion tax cut, are galvanizing around economic policies aimed at limiting the ability of companies to enrich shareholders. The efforts, led by a group of populist presidential candidates and a Senate leader who was long a darling of Wall Street, are part…
Mr. Trump might argue that the point of the tax cut wasn’t to provide a short-term stimulus, but rather to promote long-term economic growth. However, economists say that it will fail to do that, too. In a survey before the bill was passed, all but one expert said the tax cut wouldn’t lead gross domestic…
PHOENIX — It’s hard to miss the dogged technological ambition pervading this sprawling desert metropolis. There’s Intel’s $7 billion, seven-nanometer chip plant going up in Chandler. In Scottsdale, Axon, the maker of the Taser, is hungrily snatching talent from Silicon Valley as it embraces automation to keep up with growing demand. Start-ups in fields as…
Want this column in your inbox? Sign up here. Which kind of Super Bowl watcher are you? One who A) cares about the actual game, B) is in it for the snacks, or C) wants to see how the $5.3 million ads stack up? That’s the top asking price for a 30-second commercial during CBS’s…
Mr. Powell, by contrast, said on Wednesday that the economic outlook was deteriorating for reasons unrelated to the Fed’s policies. He pointed to storm clouds including economic weakness in China and Europe and tightening financial conditions, as well as the impact of Mr. Trump’s policies. He made the nuanced point that the Fed still regards…
None of the threats to the economy over the past several years have disrupted that central pattern. The shutdown, for example, caused ripple effects throughout the private sector, but companies and businesses also found ways to cope. Ben Herzon, an economist for Macroeconomic Advisers, a forecasting firm, said that as a result, the shutdown’s economic…
One point he made insistently was that the Fed was not taking its cues from Mr. Trump, despite the president’s constant heckling. “We’re human,” Mr. Powell said. “We make mistakes. But we’re not going to make mistakes of character or integrity.” The Fed on Wednesday also sought to clarify its plans for its giant stockpile…
It isn’t clear how long it will take government releases to get back on schedule. The answer will probably vary: Data on building permits, for example, is collected by local officials and submitted to the Census Bureau; as a result, the government should be able to gather the information and produce estimates relatively quickly. Retail…
Corporations active in Britain have been hedging against Brexit for months, of course, by shifting parts of their operations to places deemed more stable. The latest to announce a move is Dyson, the appliances company privately held by James Dyson, an outspoken Brexit advocate. The company said this week that it would move its headquarters…