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Economy

Solar Manufacturing Lured to U.S. by Tax Credits in Climate Bill

Evan Harrington

Six years ago, an executive from Suniva, a bankrupt solar panel manufacturer, warned a packed hearing room in Washington that competition from companies in China and Southeast Asia was causing…

Economy

China Is Lending Billions to Countries in Financial Trouble

Evan Harrington

After lending $1.3 trillion to developing countries, mainly for big-ticket infrastructure projects, China has shifted its focus to bailing out many of those same countries from piles of debt.The initial…

Economy

WeWork Files for Bankruptcy Amid Glut of Empty Offices

Evan Harrington

WeWork, the real estate company that offered start-ups and individuals sleek quarters to pursue their entrepreneurial dreams, filed for bankruptcy protection in the United States on Monday after years of…

Economy

U.A.W. Strike Gains Could Reverberate Far Beyond Autos

Evan Harrington

Laying out a tentative contract agreement to end a six-week wave of walkouts at Ford Motor, the United Automobile Workers president made an unusual pitch to other labor unions.“We invite…

Economy

Warring Billionaires, a Rogue Trader, a Divorce: One Hedge Fund’s Tale of Woe

Evan Harrington

Two Sigma, one of the world’s largest hedge funds, has long prided itself on two things: the sophisticated, in-house algorithms that power its trading, and its commitment to secrecy. But…

Economy

JOLTS Report Shows U.S. Job Openings Steady in September

Evan Harrington

Why It Matters: The Fed looks for signs of a soft landing.The Federal Reserve closely monitors job openings to understand whether the economy is running too hot. Since March 2022,…