The Amazon logo in the lobby of a building in Manhattan, Oct. 18, 2022. Amazon is bracing for major job cuts among its corporate employees starting on Tuesday, as it spends aggressively on artificial intelligence development, according to two people familiar with the cuts. (Karsten Moran/The New York Times) By KAREN WEISE Amazon said earlier this week that it planned to cut 14,000 corporate jobs, as it spends aggressively on artificial intelligence development. Beth Galetti,

With the U.S. government shutdown threatening to freeze October’s inflation report, the Treasury is expected to deploy a workaround to compute the index underpinning the $2.1 trillion market for inflation-protected bonds for the first time since their 1997 launch, a move that may cause pricing quirks as traders adjust their calculations. The Bureau of Labor Statistics has said it has halted all data collection and publishing during the shutdown, apart from recalling staff to

Jerome Powell, chair of the Federal Reserve Board of Governors, speaks at a press conference at the Federal Reserve in Washington on July 30, 2025. Warning signs in crucial money markets have raised the prospect that the central bank will soon stop reducing its portfolio of government debt and mortgage bond holdings. (Caroline Gutman/The New York Times) By JOE RENNISON and COLBY SMITH For years, the Federal Reserve has patiently waited for any signs that it has shrunk its eno

All three major U.S. stock indexes posted record closing highs again on Tuesday as Nvidia shares gained following news it will build artificial intelligence supercomputers for the U.S. energy department, and as investors were optimistic about corporate earnings ahead of key results from megacaps this week. Nvidia’s CEO, Jensen Huang, said the company will build seven supercomputers for the U.S. Department of Energy, and said the company has $500 billion in bookings for its AI

A quality check area at the Honda plant in Marysville, Ohio, March 28, 2023. The Trump administration’s Environmental Protection Agency is promising to erase a scientific finding, a rule known as the endangerment finding, that underpins climate regulations nationwide — but some business leaders are wary, concerned that the move could lead to a costly legal quagmire. (Maddie McGarvey/The New York Times) By KAREN ZRAICK and LISA FRIEDMAN The Environmental Protection Agency is p

Trade and inflation relief are driving world stock markets sharply higher on Monday, as we begin a packed week of big central bank meetings and heavyweight tech earnings. I’ll get into all the market-moving news below. Please also check out my column today in which I take a look at how increasingly fragmented global trade and politics could make the repatriation of global capital a key theme in the coming years. TODAY’S MARKET MINUTE * Top Chinese and U.S. economic official

The U.S. stock rally confronts a potentially consequential week to keep its momentum heading into year-end, including a flood of corporate results headlined by megacap companies and a likely interest rate cut by the Federal Reserve after its two-day policy meeting. U.S.-China trade tensions could come to a head in the coming days, while a persistent U.S. government shutdown further unsettles the backdrop for investors. Stocks have weathered increased volatility this month, wi

The Capitol in Washington, seen from an adjacent building for lawmakers and staff on Oct. 7, 2025. The economic effect of past government shutdowns has been straightforward. The economy loses some activity for a few weeks, then gains it back after the government reopens. The net cost is basically zero. This time, the math may not be so benign. (Kenny Holston/The New York Times) By LYDIA DePILLIS The economic effect of past government shutdowns has been straightforward. The ec