The New York Times - Economy

1. Walmart Stock Hits Record Close on Strong Quarter

   The largest U.S. retailer had robust quarterly results and an upbeat outlook, giving insight into how consumers are weathering high interest rates.

2. Inside the Rent Inflation Measure That Economics Nerds Love to Hate

   The Consumer Price Index inflation measure accounts for housing costs in a complicated way. There are reasons for it.

3. Few Chinese Electric Cars Are Sold in U.S., but Industry Fears a Flood

   Automakers in the United States and their supporters welcomed President Biden’s tariffs, saying they would protect domestic manufacturing and jobs from cheap Chinese vehicles.

4. Fed Chair’s Confidence in Slowing Inflation Is ‘Not as High’ as Before

   Jerome H. Powell, the Federal Reserve chair, said the central bank was poised to leave interest rates on hold after surprisingly stubborn inflation.

5. High Interest Rates Are Hitting Poorer Americans the Hardest

   The economy as a whole has proved resilient amid the highest rates in decades. But beneath the surface, many low- and moderate-income families are struggling.

6. What Forecasters Say About Interest Rates (and Why They Disagree)

   Hopes for a steep drop in borrowing costs for consumers and businesses have been dashed. But some experts predict modest reductions in coming months.

7. U.S. Awards $120 Million to Polar Semiconductor to Expand Chip Facility

   The grant is the latest federal award in a series stemming from the CHIPS and Science Act meant to ramp up domestic production of vital semiconductors.

8. U.S. to Announce New Tariffs on Chinese Electric Vehicles

   The administration could raise tariffs on electric vehicles from China to 100 percent in an attempt to protect American auto manufacturers.

9. Why Higher Fed Rates Are Not Totally Off the Table

   Fed officials still think their next move will be to cut rates, but they are not entirely ruling out the possibility that they might have to raise them.

10. Biden Announces $3.3 Billion Microsoft AI Center at Trump’s Failed Foxconn Site

    The president’s visit to Wisconsin celebrated the investment by Microsoft in a center to be built on the site of a failed Foxconn project negotiated by his predecessor.