U.S. Economy and Business News

Inflation has been stubborn in recent months. Now, President-elect Donald J. Trump’s tariffs loom as a potential risk.

By Jeanna Smialek

Investors are bracing for the latest data as the president-elect’s economic agenda of cutting immigration and taxes, while raising tariffs takes shape.

By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Vivienne Walt

Scott Bessent’s former colleagues and rivals see the prospective Treasury secretary as a thoughtful choice with a broad understanding of financial markets.

By Maureen Farrell

Minutes from a Nov. 6-7 meeting showed that Federal Reserve policymakers favored lowering rates “gradually.”

By Jeanna Smialek

Investors seemed to signal their approval for Scott Bessent as a safe choice to implement the president-elect’s economic agenda.

By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced and Lauren Hirsch

Fewer people will be able to afford electric cars and trucks if President-elect Donald J. Trump and Republicans in Congress eliminate a $7,500 federal tax credit.

By Lawrence Ulrich

Jared Bernstein, the chair of the White House Council of Economic Advisers, was a leading architect of “Bidenomics.”

By Talmon Joseph Smith

JD Vance and others on the “new right” say limiting immigration will raise wages and give jobs to sidelined Americans. Many studies suggest otherwise.

By Lydia DePillis

The bellwether retailer reported higher-than-expected sales in its latest quarter and upgraded its forecast for the rest of the year.

By Jordyn Holman

Economists are trying to guess at how Trump policies could affect growth and inflation. The uncertainties are huge.

By Jeanna Smialek