A federal judge in Pennsylvania on Tuesday declined to block the Federal Trade Commission’s ban on non-compete agreements, departing from another judge’s recent finding that the agency’s move had a shaky legal basis. The decision removes an obstacle to the FTC’s attempt to ban nearly all non-compete agreements, which prohibit workers from changing jobs within…
President Biden has signed more major economic legislation than any other president this century. It delivered record job growth and a recovery from the pandemic recession that was the envy of the wealthy world. He designed an ambitious, multinational industrial policy that would help America and its allies rebuild strategic manufacturing capabilities to counter China….
Silicon Valley’s plans for a start-up city are on hold. The East Solano Plan — a proposal backed by a number of tech billionaires to build a city of up to 400,000 people on farmland about 60 miles from San Francisco — will be delayed for at least two years to assess the project’s environmental…
At the first Democratic presidential debate in 2019, Kamala Harris, then a senator from California, delivered a scathing criticism of the Trump economy. The future vice president called President Donald J. Trump’s tax cuts a gift to the rich, argued that the booming stock market is leaving the middle class behind and warned that his…
And the Justice Department has signaled greater oversight of large landlords beyond its mandate in the tenant dispute. In May, the Federal Bureau of Investigation executed a limited search warrant at the Atlanta headquarters of property management company Cortland in connection with a Justice Department investigation into possible antitrust violations in the multifamily housing industry….
When the Biden administration unveiled a series of plans to improve housing affordability this week, it added a bold update to previous proposals — sending the housing industry and the economic world into turmoil. The White House called on Congress to pass a law giving “corporate landlords” – defined by the White House as companies…
According to Donald J. Trump’s telling, the idea came about over dinner at his Las Vegas hotel, where the waitress serving his table complained about the burden of paying taxes on her tips. “I was actually surprised to hear that,” Trump said at a rally in Virginia last month, adding that he quickly decided to…
Ford Motor said Thursday it will retool a factory in Canada to produce large pickup trucks instead of the electric sport-utility vehicles previously planned there. The move is the latest example of automakers scaling back aggressive investment plans in response to slowing growth in electric vehicle sales. On Wednesday, General Motors said it expected to…
Donald J. Trump’s presidency marked a significant departure from the Republican Party’s long embrace of free market economics. If the Republican platform is any indication, a second Trump term would be an almost complete foregone conclusion. The 2024 platform, released last week and expected to influence the Republican National Convention that begins Monday in Milwaukee,…
The International Monetary Fund warned on Tuesday that upside risks to inflation had increased and questioned the prospect of multiple interest rate cuts from the Federal Reserve this year. In its latest global economic outlook update, the IMF said: “Global disinflation momentum is weakening, indicating bumps in the road.” The rise in sequential inflation in…
