NYT > Business > Economy

Trump’s Trade War With Canada Is Making Even Sprinkle Makers Nervous

President Trump’s levies on a long, eclectic list of products from Canada have companies scrambling to figure out if their supply chains are affected.
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Bond Market Rebuffs Treasury’s $6 Billion Plan to Reduce Borrowing Costs

The 10-year yield rose to its highest level in three years, suggesting investors were underwhelmed by the details of a move to buy back government bonds.
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China’s New Graduates, Facing a Dire Job Market, Must Also Contend With A.I.

A record 12.7 million young people are looking for jobs as the country embraces artificial intelligence — and as the technology begins to upend the work force.
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California Forever’s Ambitious Plan Faces Another Setback

A legislative setback for a manufacturing and housing proposal shows how hard it remains to build in the largest state — and why a backlash against billionaires could make it even harder.
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What to know about the report.


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Trump Threatens to Halt Some Trade Unless the Fed Cuts Rates

The president said he could halt trade between the United States and countries with which it has a trade deficit if the central bank doesn’t do his bidding.
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Robust Hiring Reinforces Strength of the U.S. Economy

Employers added 162,000 jobs and unemployment held at 4.1 percent last month, signs of a stability that contrasted with high inflation weighing on households and markets.
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The job market in 2035: More nurses, fewer secretaries.


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The jobs report could influence a shaky bond market.


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Former Labor Secretary Stoked Dysfunction and Toxicity, Department Report Finds

Lori Chavez-DeRemer spent Labor Department funds on personal travel and tolerated harassment in the agency, its inspector general found.
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Dutch Central Bank Cuts Gold Reserves in U.S., Citing ‘Geopolitical Unrest’

The Netherlands moved some 90 tons of gold out of the Federal Reserve Bank in New York, the second European nation this year to announce it had decreased or eliminated U.S. gold holdings.
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Schools Giving Aid to Minority Students Could Lose Tax Exemptions Under Trump’s New Rules

The Treasury Department released rules that would prevent schools with race-based programs from qualifying for tax-exempt status, a threat to both higher education and other private schools.
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U.S. Trade Gap Ballooned in July

The trade deficit bounced back up last month as spending on data centers to feed the A.I. boom drove up imports.
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At G20 Meeting, Scott Bessent Accuses China of Flooding the World With Cheap Exports

Treasury Secretary Scott Bessent accused China for flooding the world with its cheap exports.
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U.A.E. To Review Banque Misr, Targeted by Iran Sanctions

The Treasury Department accused Banque Misr’s branches in the United Arab Emirates of helping Iran. The Emirati central bank promised an examination.
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Smaller Revision Points to More Accurate Jobs Numbers

The 2026 revisions by the Bureau of Labor Statistics represent a downward adjustment of just 0.1 percent of the total work force.
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Companies Can Tell Investors Less Under Proposed S.E.C. Rules

Fewer audit and disclosure requirements could reduce costs, but experts say they could also help disguise fraud or financial stress.
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Clashes Cloud Shawn Fain’s Re-election Bid at U.A.W.

A federal investigation and conflict over Israel are preoccupying the United Auto Workers president ahead of a vote that would give him a second term.
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Trump Administration Wants Billion-Dollar Businesses to Qualify as ‘Small’

Higher revenue and employee limits for small businesses that get federal contracts and loans could disadvantage the smallest companies, their owners say.
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PCE Index Shows Inflation Remained Elevated in July Amid High Energy Costs

The Personal Consumption Expenditure index, the Federal Reserve’s preferred inflation tracker, held steady in July.
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