Business

The United States’ loss of its last triple-A credit rating and mounting concerns about government debt are threatening to disrupt the relative calm in financial markets that has prevailed since President Trump began pausing tariffs early last month. One factor jarring markets is a bill in Congress that would make Mr. Trump’s signature 2017 tax…

When Brian P. Brooks was a financial regulator during the first Trump administration, he would hear complaints about “debanking” and force himself not to roll his eyes. The expression was being used by representatives of some rather polarizing businesses, such as private prisons and fracking operators, who complained to Mr. Brooks, the acting comptroller of…

Citizens are shopping at a supermarket in Nanjing, East China’s Jiangsu province, on March 9, 2024.  Costfoto | Nurphoto | Getty Images China’s retail sales growth slowed in April, data from the National Bureau of Statistics showed Monday, signaling that consumption remains a worry for the world’s second-largest economy. Retail sales rose 5.1% from a…

ALISON BEARD: I am Alison Beard. ADI IGNATIUS: And I’m Adi Ignatius, and this is the HBR IdeaCast. ALISON BEARD: So Adi, you and I have something in common about our working lives that I think makes us pretty lucky. ADI IGNATIUS: All right, that sounds exciting maybe, what is that? ALISON BEARD: Okay. So…

Q: Last year, I lost my entire 401(k) — $114,000 — after Paychex mailed me physical rollover checks instead of doing a secure transfer. The checks were intercepted and fraudulently cashed. I’m now in federal court trying to hold Paychex accountable, but this experience has made it painfully clear how little protection exists for consumers…

Until everything came to a halt in mid-March, Jon Bird worked 12-hour shifts, four days a week — shoveling rock, hosing mud and operating enormous iron ore crushers at a mine in northern Minnesota. The mines in the state’s Iron Range, where Mr. Bird was born and raised — and where his father, grandfather and…

Former U.S. Vice President Mike Pence speaks in observance of Constitution Day at Middle Tennessee State University (MTSU) in Murfreesboro, Tennessee, U.S., September 17, 2024.  Seth Herald | Reuters Former Vice President Mike Pence said Sunday that President Donald Trump should turn down the gift of a $400 million jet from the royal family of Qatar, citing national…

Generative AI (gen AI) has revolutionized workplaces, allowing professionals to produce high-quality work in less time. Whether it’s drafting a performance review, brainstorming ideas, or crafting a marketing email, humans collaborating with gen AI achieve results that are both more efficient and often superior in quality. However, our research reveals a hidden trade-off: While gen…