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Economy

Justice Thomas’s R.V. Loan Was Forgiven, Senate Inquiry Finds

Evan Harrington

The terms of the private loan were as generous as they were clear: With no money down, Justice Clarence Thomas could borrow more than a quarter of a million dollars…

Economy

Biden Seeks to Tame Oil Prices if Mideast Conflict Sends Them Soaring

Evan Harrington

Biden administration officials, worried that a growing conflict in the Middle East could send global oil prices soaring, are looking for ways to hold down American gasoline prices if such…

Economy

Sam Bankman-Fried Set to Testify at His Fraud Trial

Evan Harrington

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, is planning to testify at his criminal fraud trial in Manhattan, his lawyer said on Wednesday.The lawyer, Mark Cohen, confirmed…

Economy

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…

Economy

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…

Economy

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…