NYT > Business > Economy

Higher Gas Prices Are Hitting Lower-Income Americans the Hardest

People with lower incomes are driving less and devoting more of their budgets to transport as gas prices soar.
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Howard Lutnick Faces Questions From Congress About Epstein Ties

The commerce secretary was in a closed-door session on Wednesday with the House Oversight Committee.
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U.S. Sues The New York Times, Claiming Discrimination Against a White Man

The Equal Employment Opportunity Commission said the paper had engaged in “unlawful employment practices” against the man, who did not get a sought-after promotion.
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U.S. Trade Deficit Grew in March

Both exports and imports rose after the Supreme Court struck down many of the president’s highest levies in February.
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The Return for These Investors Isn’t Money, It’s More Affordable Housing

Local governments are trying to create housing that is permanently affordable by investing directly in construction. They are rewriting how housing programs have traditionally operated.
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E.E.O.C. Investigating Discrimination Claim at The New York Times

The Equal Employment Opportunity Commission recently referred a reverse-discrimination complaint by an employee to the agency’s legal unit for review.
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Trump Administration Pushes Forward With Tariffs Based on Forced Labor Laws

Nonprofit groups have applauded an investigation on trade in goods made with forced labor but say that the Trump administration should go further to enforce its own laws
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Fed Officials Cite Inflation Concerns in Defending Dissents

The Federal Reserve’s meeting this week was the most divisive in decades, a sign that President Trump’s pick to lead the central bank will face opposition if he pursues substantially lower interest rates.
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Oil Companies’ Huge Profits Revive Calls for Temporary Windfall Taxes

European nations imposed temporary taxes in the 2022 energy shock when Russia invaded Ukraine, but whether they can effectively help households is up for debate.
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Senators Say Lawyers Helped Wealthy Clients Dodge Taxes in Puerto Rico

Rich Americans are writing off taxes they owed before they moved to Puerto Rico, the Senate Finance Committee says.
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Takeaways from Powell’s final news conference as Fed chair.


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Takeaways from Powell’s final Fed meeting as chair.


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Powell Says He Will Stay On as Fed Governor After Term as Chair Ends

Jerome H. Powell cited lingering legal threats against him and the Federal Reserve in explaining his decision to remain at the central bank.
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World Bank estimates energy prices will surge 24 percent in 2026.

Iran war is fueling inflation and slowing growth around the world, according to a new report.
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How the Fed’s rate decision affects your finances.

The central bank’s interest rate policy influences car and home loans, credit cards, savings accounts and more.
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Warsh Clears an Early Hurdle on Path to Fed Chair

The Senate Banking Committee advanced Kevin Warsh’s nomination as Fed chair on Wednesday, teeing up the full chamber to hold a vote soon.
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What’s happening at the Federal Reserve today.


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Fed Meeting Underscores Tough Task Ahead for Warsh

Jerome H. Powell on Wednesday announced he would stay on as a governor at the central bank as internal divisions sharpen about the policy path forward.
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Treasury Issues More Sanctions on Iranian Oil Exports

The measures aim to crack down on Iran’s shadow banking system and Chinese purchases of Iranian oil.
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Graduates Reset Ambitions in Pursuit of First Jobs

Young people aiming to build careers are entering fields they had not considered to find their footing.
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