Some of the White House’s favorite data points are now flashing warning signs about investment, jobs and growth. Source: NYT > Business – Jim Tankersley
G.E. Is Accused of Major Fraud, and Stocks Take a Beating
Plus, WeWork takes steps to go public, and investigations into the Jeffrey Epstein case continue. Source: NYT > Business – Charlotte Cowles
Economic Trouble Signs Hang Over Trump’s Trade War
White House advisers discount warnings of a possible recession. But the president may be gambling that the Federal Reserve can ward off that prospect. Source: NYT > Business – Jim Tankersley, Jeanna Smialek and Ana Swanson
Trump Delays a Holiday Tax, but Toymakers Are Still Worried
Toymakers are already looking ahead to next year’s holiday season, and fretting about the crippling uncertainty that the president’s trade policy has created for them. Source: NYT > Business – Ana Swanson
In Delaying Tariffs, Trump Faces Up to Economic Reality
President Trump insists China is paying the full cost of his tariffs. But his decision to push some of them off until December is an admission of their impact on American consumers. Source: NYT > Business – Jim Tankersley
Stocks Plunge as Bonds Signal Rising Concern About Growth
Yields on United States government bonds fell, indicating lower expectations for growth and extending a drop that began as the trade war intensified. Source: NYT > Business – Matt Phillips