Economy

Retail Sales Rise for Third Month, Though Growth Slows

The increase was a sign that consumerism remained resilient, but the recovery has been buoyed by government assistance that expired at the end of July.

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State and Local Budget Pain Looms Over Economy’s Future

Providing more aid to struggling governments has become one of the biggest issues tangling up the debate over another pandemic rescue package.

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In Europe, Millions of Jobless Are Falling Through the Cracks

Government efforts to subsidize wages and prevent layoffs have kept many in jobs, but they aren’t sheltering an army of precarious workers.

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Bankrupt Brooks Brothers Agrees to Sale to Simon Property and Authentic Brands

The retailer is seeking court approval of a $325 million sale to a group backed by the mall owner Simon Property Group and Authentic Brands Group, a licensing firm.

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Trump’s Push to Cut Payroll Taxes Opens a Democratic Line of Attack

Because the taxes provide funding for Social Security, Democrats have seized on the issue as they try to erode support for the president among older voters.

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Retail Chains Abandon Manhattan: ‘It’s Unsustainable’

Some national chains, both retail and restaurants, are closing outlets in New York City, which are struggling more than their branches elsewhere.

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C.E.O.s Pledge to Hire 100,000 Low-Income and Minority New Yorkers

A new nonprofit, the New York Jobs C.E.O. Council, will work with universities, the city and other groups to create new curriculums and apprenticeships over the next decade.

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Trump’s Payroll Tax Holiday Order Gives Employers a New Dilemma

Businesses are grappling with difficult legal and logistical questions about how to respond to the president’s payroll-tax holiday order.

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Start-Ups Braced for the Worst. The Worst Never Came.

The doomsday warnings about tech start-ups failing in the pandemic have not yielded the shakeout that many expected a few months ago.

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Job Growth Slowed in July, Signaling a Loss of Economic Momentum

The ranks of the employed grew by 1.8 million, a drop from the pace of the previous two months, as renewed business closings hampered the recovery.

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