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☆ Donald Trump’s Lies, Debunked by Data - The New York Times
▼ + stars: | 2024-07-24 | by ( Steven Rattner | Aileen Clarke | ) www.nytimes.com time to read: 1 min

For more than 90 minutes last week, Donald Trump gave a rambling speech accepting the Republican nomination for president for a third time. He used the opportunity, as well as his June debate with President Biden, to repeat favorite false claims and exaggerations. That Mr. Trump has a proclivity for saying untrue things is well known. With Mr. Trump sure to ratchet up his falsehood-laden rhetoric, it’s a good time to review his recent record of dishonesty. JobsLie: “The only jobs [President Biden] created are for illegal immigrants and bounce-back jobs — they’re bounced back from the Covid.”

Persons: Donald Trump, Biden, Trump, I’ve, Trump’s, Biden’s, it’s, Jobs, — they’re, ” Organizations: Republican, White

☆ Opinion | Biden’s Get-Tough-on-China Tariffs May Backfire
▼ + stars: | 2024-05-21 | by ( Steven Rattner | ) www.nytimes.com time to read: +1 min

Two successive presidents have come down firmly on the side of tariffs rather than trade agreements as the preferred mechanism for managing international commerce. While there are political and security reasons for tariffs, America’s new protectionist stance will raise prices, limit consumer choices and risk our future growth. Last week, after laying low on this front for most of his term, President Biden announced a raft of new tariffs on selected Chinese imports including electric cars and solar panels as well as steel and aluminum. While the tariffs cover only $18 billion of imports, they are by design meant to keep Chinese products, like electric vehicles, from entering the U.S. market. In doing so, he has in large measure aligned his trade policy with that of his predecessor, Donald Trump.

Persons: Biden, Donald Trump Locations: United States, U.S

☆ Fear the Economic Impact of Donald Trump 2.0 - The New York Times
▼ + stars: | 2024-02-28 | by ( Steven Rattner | ) www.nytimes.com time to read: +1 min

Much to fear about another Donald Trump presidency: The existential threat to U.S. democracy. Yes, while Trumponomics 1.0 had major flaws (like the deficit-expanding tax cut giveaways to business and the rich), Trumponomics 2.0 is downright scary. A second Trump term would most likely represent a continuation of Mr. Trump’s unsophisticated instincts and what will appeal to his base. On tariffs, immigration and regulation, Mr. Trump would continue the troubling trendlines of his first term in office. And we would continue to pour carbon dioxide into the atmosphere while intentionally sandbagging our booming clean energy sector.

Persons: Donald Trump, Vladimir Putin, Trump Organizations: Trump Locations: U.S, Europe, United States

☆ The US economy ended 2023 with a bang
▼ + stars: | 2024-01-25 | by ( Madison Hoff | ) www.businessinsider.com time to read: +3 min

Real GDP grew at an annualized rate of 3.3% in the fourth quarter. After real GDP surged 4.9% in the third quarter, the latest point suggests still strong growth. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Real GDP rose at an annualized rate of 3.3% per the news release from the Bureau of Economic Analysis.

Persons: —, Steve Rattner, Willett, Rattner Organizations: Service, National Association for Business Economics, Willett Advisors, Bloomberg, Labor Statistics

☆ Opinion | Making Changes to U.S. Immigration Policy
▼ + stars: | 2024-01-19 | by ( ) www.nytimes.com time to read: +1 min

That includes balancing the two principal objectives of immigration policy: to meet our legal and moral humanitarian obligations to persecuted individuals and to bolster our work force.”These two objectives need not be at odds. Pathways for displaced people who have skills needed by U.S. employers can benefit displaced people, employers and the communities that welcome new neighbors. The United States could adopt a program, modeled on Canada’s Economic Mobility Pathways Pilot, to address specific needs in states, cities and industries, while offering lasting refuge to displaced people. In fact, the Biden administration could adopt many changes to facilitate displaced people’s access to employment opportunities without legislation. But a humanitarian employment program should be additional to, and must not replace, systems of asylum and resettlement.

Persons: Jan, Steven Rattner, Maureen White, Biden Locations: United States

☆ How Tesla’s Cybertruck Compares With Other Pickups
▼ + stars: | 2023-12-01 | by ( Nate Rattner | Rebecca Elliott | ) www.wsj.com time to read: 1 min

AUSTIN, Texas— Tesla ’s long-awaited Cybertruck has hit the road, but how does it compare with its rivals? With the unusual, stainless-steel pickup, Tesla is aiming to tap into demand from consumers who want a head-turner that is quick and capable of towing cargo or taking a beating off-road.

Persons: Tesla, Cybertruck Locations: AUSTIN, Texas

☆ X’s Tumultuous First Year Under Elon Musk, in Charts
▼ + stars: | 2023-10-26 | by ( Alexa Corse | Nate Rattner | ) www.wsj.com time to read: 1 min

When Elon Musk acquired Twitter a year ago, he pledged to turn the social-media platform into an “everything app” that would eclipse what the long-struggling business had accomplished since its founding in 2006. One year in, much of Musk’s grand vision has yet to play out. The company is struggling on a number of metrics, according to third-party data, including attracting users. It is trying to rebuild its advertising business after that revenue plummeted post takeover, and the platform also has been navigating content-moderation challenges after Musk loosened such rules.

Persons: Elon Musk Organizations: Elon, Twitter

Theo FrancisTheo Francis covers corporate news and executive compensation for The Wall Street Journal from Washington, D.C. He specializes in using a wide range of data as well as securities filings and other publicly available documents to write about complex financial, business, economic, legal and regulatory issues. Theo joined WSJ's Texas Journal edition in Dallas in 2000 and went on to cover mutual funds, pensions, insurance, hospitals and the healthcare industry for the Journal from New York and Florida. He covered financial regulation and the financial crisis from Washington for BusinessWeek in 2008 and 2009. He has taught journalism at the University of Maryland and is a graduate of the University of Illinois and the Columbia University Graduate School of Journalism.

Persons: Theo Francis Theo Francis, Theo Organizations: Wall, WSJ's Texas, BusinessWeek, Petersburg, New York Times, National Public Radio, Bloomberg News, Arkansas Democrat, University of Maryland, University of Illinois, Columbia University Graduate School of Journalism Locations: Washington ,, Dallas, New York, Florida, Washington, Petersburg , Alaska, Arkansas

☆ Nate Rattner — Graphics Reporter at The Wall Street Journal
▼ + stars: | 2023-09-19 | by ( Nate Rattner | ) www.wsj.com time to read: 1 min

Nate RattnerNate Rattner is a graphics reporter at The Wall Street Journal in New York, specializing in data analysis and visualization. His coverage spans an array of topics, including markets, the economy and corporate news. In addition to writing data-driven and visual stories, he works with reporters and editors across the Journal and develops graphics for their coverage areas. Before joining the Journal, Nate worked as a data and graphics reporter at CNBC. He is a graduate of Northwestern University and is pursuing a master's degree in data analysis and visualization at the City University of New York.

Persons: Nate Rattner Nate Rattner, Nate Organizations: Wall Street, CNBC, Northwestern University, City University of New Locations: New York, City University of New York

☆ How Prime-Time TV Will Look Different This Fall
▼ + stars: | 2023-09-18 | by ( Nate Rattner | Sarah Krouse | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/media/how-prime-time-tv-will-look-different-this-fall-63ff818c

Persons: Dow Jones, 63ff818c

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/disney-max-hulu-netflix-streaming-price-2c3bac2a

Persons: Dow Jones Organizations: netflix

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/disney-max-hulu-netflix-streaming-price-2c3bac2a

Persons: Dow Jones Organizations: netflix

☆ The Key Number to Watch in U.S. Bank Earnings
▼ + stars: | 2023-07-13 | by ( Telis Demos | Nate Rattner | ) www.wsj.com time to read: 1 min

No major bank has collapsed since First Republic Bank at the beginning of May. But that doesn’t mean fears about banks have gone away. As lenders begin reporting their second-quarter performance, attention will turn to how their earnings are holding up in the aftermath of the failures.

Organizations: First, Bank

☆ AI Needs to Progress to Jumpstart Our Economic Productivity - The New York Times
▼ + stars: | 2023-07-10 | by ( Steven Rattner | ) www.nytimes.com time to read: +1 min

Several centuries earlier, the adoption of the fulling mill caused an uproar among workers forced to find other occupations. Almost exactly 60 years ago, Life magazine warned that the advent of automation would make “jobs go scarce” — instead, employment boomed. platforms has unleashed a tsunami of hyperbolic fretting, this time about the fate of white-collar workers. Unlike most past rounds of technological improvement, the advent of A.I. has also birthed a small armada of non-economic fears, from disinformation to privacy to the fate of democracy itself.

Persons: Will paralegals, —, A.I, Will

☆ TV’s Golden Era Proved Costly to Streamers
▼ + stars: | 2023-07-05 | by ( Nate Rattner | Sarah Krouse | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/tvs-golden-era-proved-costly-to-streamers-87353c61

Persons: Dow Jones

☆ China can continue to outgrow the US economy, and Americans shouldn't delude themselves, former Treasury official says
▼ + stars: | 2023-05-31 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

China has demonstrated its economy can continue outgrowing the US, Steven Rattner wrote. "Most important, we should not delude ourselves with the fantasy that China is going to fall under its own weight." The former counselor to the Treasury secretary during the Obama administration acknowledged that China's rebound following the end of China's strict COVID policies has fallen short of high expectations. In fact, fresh manufacturing data Wednesday added to fears over China's economy. "Most important, we should not delude ourselves with the fantasy that China is going to fall under its own weight," Rattner concluded.

Persons: Steven Rattner, That's, —, Obama, Rockefeller International's Ruchir Sharma, Rattner Organizations: Service, Privacy, China, The New York Times, Trump, Biden Locations: China, South, America

☆ China Remains a Formidable Economic Foe - The New York Times
▼ + stars: | 2023-05-31 | by ( Steven Rattner | ) www.nytimes.com time to read: +1 min

On my first trip to China in more than three years, I awoke to an uncharacteristically brilliant blue Beijing sky. That, for me, proved to be a metaphor for at least part of my weeklong visit this spring. A robust pipeline of exciting start-ups suggested China will continue to be a leader in innovation. Yes, China has its share of economic challenges, particularly how much President Xi Jinping remains committed to maintaining the country’s progress toward a market economy. Yet while the Western press displays increasing skepticism, I believe China will continue to prosper.

Persons: Xi Jinping Locations: China, Beijing, South

☆ Streaming Services’ Dilemma: How Quickly to Release Your Favorite Show
▼ + stars: | 2023-05-02 | by ( Sarah Krouse | Nate Rattner | ) www.wsj.com time to read: 1 min

Ever since Netflix shook the entertainment world by releasing the entire first season of “House of Cards” in one fell swoop a decade ago, a debate has raged over whether that approach made any sense. Why, some wondered, would a streaming service pay top dollar for a show that users could consume in its entirety in a matter of days? Advocates of that approach, meanwhile, asked why streamers would stick to the weekly release format that defined legacy cable television when they had the flexibility to mix it up and give customers a more immediate payoff.

☆ To Binge or Not to Binge? Netflix, HBO Max Debate How to Release Your Favorite Shows
▼ + stars: | 2023-05-02 | by ( Sarah Krouse | Nate Rattner | ) www.wsj.com time to read: 1 min

☆ Bosses hate work from home because 'home' is for women
▼ + stars: | 2023-04-17 | by ( Aki Ito | ) www.businessinsider.com time to read: +10 min

And the old way was clear: The office is for work, and the home is for — well, for whatever unpaid stuff it is that women do while their men are at work. Skeptical that work — real work — could be done at home, bosses quietly penalized the women who opted for flexible schedules by sticking them with boring assignments and denying them promotions. Embracing remote work is a good start, but it comes with risks of its own. Since the pandemic hit, I've heard a few CEOs liken remote work to opening Pandora's box. Women working from home are no longer the aberration — tradition-bound executives are.

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/track-how-u-s-banks-are-faring-in-first-quarter-earnings-beaff0cc

☆ What Are AT1 Bonds, and Why Are They Risky?
▼ + stars: | 2023-03-25 | by ( Alana Pipe | Nate Rattner | ) www.wsj.com time to read: 1 min

Swiss regulators announced on March 19 a wipeout of more than $17 billion of Credit Suisse Group AG’s additional Tier 1 bonds, or AT1s, shocking investors as shareholders were paid out before some bondholders. AT1 bonds deliver higher yields than many comparable assets, which makes them attractive to investors willing to take the risk. AT1 bonds are popular among European banks as a way to build up safety buffers. Following the 2008 financial crisis, many countries in Europe signed on to a regulatory framework called Basel III, under which they passed laws requiring large banks to maintain a financial cushion for protection during a downturn.

☆ I think the Fed has had a tough couple of months, says Willett's Steve Rattner
▼ + stars: | 2023-03-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI think the Fed has had a tough couple of months, says Willett's Steve RattnerWillett Advisors' Steve Rattner joins Brian Sullivan and 'Last Call' to discuss what he thinks the Fed will do tomorrow following the FOMC meeting.

☆ The Banking Sector Turmoil in Charts
▼ + stars: | 2023-03-18 | by ( Nate Rattner | Alana Pipe | ) www.wsj.com time to read: 1 min

It has been a wild ride for banks. Silicon Valley Bank, which catered to venture capitalists and startups, collapsed March 10 after a run on deposits that was preceded by a plunging share price and a money-losing bond sale as the bank tried to raise capital. Two days later, Signature Bank was closed by federal regulators following a run. Then, First Republic Bank , at risk of a run as its share price plummeted, was flooded with cash in an extraordinary action by some of the largest U.S. banks—but its shares resumed their plunge a day later. Here is how some banks ended up in the market’s crosshairs.

Operators of hotels, bars and restaurants—hit hard as the Covid-19 pandemic took hold—are now among the country’s fastest-growing employers, offsetting a slowdown in tech-related hiring. The leisure-and-hospitality industry is rebuilding its workforce after cutting back during the pandemic’s early days. In contrast, companies focused on providing business and tech-related services have slowed their growth in recent months.

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