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Investments and Business

New Normal or No Normal? How Economists Got It Wrong for 3 Years.

Evan Harrington

Economists spent 2021 expecting inflation to prove “transitory.” They spent much of 2022 underestimating its staying power. And they spent early 2023 predicting that the Federal Reserve’s rate increases, meant…

Investments and Business

After Outcry, Writers Guild Tries to Explain Silence on Hamas Attack

Evan Harrington

Facing mounting pressure from more than 300 Hollywood screenwriters questioning why it had not publicly condemned the Hamas attack on Israel this month, the Writers Guild of America West sent…

Investments and Business

U.A.W. Expands Strike to G.M.’s Texas Plant

Evan Harrington

Before the U.A.W. expanded the strike, G.M. said Tuesday that U.A.W. work stoppages had lowered its earnings before interest and taxes by about $200 million in the final weeks of…

Investments and Business

Columbia Sportswear Is Scouting Factories in Central America

Evan Harrington

Stan Burton wandered the Guatemalan factory like a prospector probing for buried treasure.His company, Columbia Sportswear, had long relied on plants in Asia to make its clothing, but that appeared…

Investments and Business

A Push for Tech Hubs in Overlooked Places Picks 31 to Vie for Money

Evan Harrington

The Biden administration said on Monday that it had chosen 31 regions as potential recipients of federal money that would seek to fund innovation in parts of the country that…

Investments and Business

U.A.W. Expands Strike to a Ram Plant in Michigan

Evan Harrington

In a major escalation of its six-week strike at the three large U.S. automakers, the United Automobile Workers union on Monday told 6,800 workers at a large Ram pickup truck…