Imports rose and exports fell in the month, pushing the trade deficit to its highest level in over a year
Category: United States Politics and Government
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U.S. Trade Deficit Widens in May
The New York Times – Business: -
Efforts to Help Smokers Quit Stall Under Trump
The New York Times – Business:The C.D.C.’s tobacco control office has been shut for more than a year. After its most prominent antismoking campaign went off the air, calls to 1-800-QUIT-NOW lines have plummeted.
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Gas Stations Gain When Oil Prices Start to Drop
The New York Times – Business:President Trump is berating gasoline retailers for keeping prices high. Evidence suggests the business has grown more profitable.
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Zyn’s Popularity Has Tobacco Companies Racing to Cash In
The New York Times – Business:The makers of nicotine pouches are building new plants and expanding to meet demand. While influencers claim health benefits, experts warn the products can be highly addictive.
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Nearly a Million Investors Lost a Total of $3.8 Billion on Trump Crypto Coin
The New York Times – Business:A report from a cryptocurrency analytics firm details how those who bought the Trump memecoin have fared, with most retail investors having lost money while sophisticated traders did better.
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Nearly a Million Investors Lost a Total of $3.8 Billion on Trump Crypto Coin
The New York Times – Business:A report from a cryptocurrency analytics firm details how those who bought the Trump memecoin have fared, with most retail investors having lost money while sophisticated traders did better.
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Labor Market Not a Source of Inflationary Pressure, Latest Report Shows
The New York Times – Business:The unemployment rate ticked down to 4.2 percent, but average hourly earnings were steady, giving Kevin Warsh, the Federal Reserve chairman, room to focus on fighting inflation.
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A.I. Is Reshaping the Economy. Good Luck Measuring How.
The New York Times – Business:Some data suggest artificial intelligence is already causing job losses. Other sources show the opposite. Why is it so hard to figure out what’s going on?
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Jaguar’s Electric Future: Curves Are Out, and Blunt Is In
The New York Times – Business:The storied British automaker is going all-electric, and this fall it will unveil its new flagship, with deliveries coming next year. The strategy is distinctive but risky and has drawn some prominent detractors.
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Crypto Brought Trump a Huge Windfall, Even as Many Investors Lost Big
The New York Times – Business:President Trump and his family reaped vast financial rewards from a memecoin that generated losses for hundreds of thousands of investors.