Gregory Schmidt

London

European Business Editor at The New York Times

European business editor for The New York Times

Articles

Canada’s Prime Minister Says U.S. Is ‘No Longer a Reliable Partner’ on Trade - The New York Times

3 weeks ago | nytimes.com | Ian Austen |River Akira Davis |Emiliano Rodríguez Mega |Jeanna Smialek |Ashwin Seshagiri |Ana Swanson | +12 more

President Trump’s announcement of 25 percent tariffs on cars and parts sent shock waves through the global auto industry. Canada said it would respond with tariffs of its own.
Ford to Cut 4,000 Jobs in Europe as Electric Vehicle Sales Slow

Nov 20, 2024 | businessandamerica.com | Gregory Schmidt

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Ford to Cut 4,000 Jobs in Europe as Electric Vehicle Sales Slow

Nov 20, 2024 | nytimes.com | Gregory Schmidt

Ford Motor said Wednesday that it would eliminate 4,000 jobs in Europe as the automaker struggled with slowing demand for electric vehicles and increased competition from Chinese companies. The company said that the jobs cuts, which will take place by the end of 2027, were part of a broader reorganization plan to strengthen its business in Europe. The reductions will primarily affect plants in Germany and Britain.
Inflation in U.K. Slows to 3.2%, Lowest in More Than 2 Years

Apr 16, 2024 | nytimes.com | Gregory Schmidt

Consumer prices in Britain rose at the slowest rate in two and a half years, the country's Office for National Statistics reported on Wednesday. Inflation was 3.2 percent in the year through March, down from 3.4 percent in February but a touch higher than the 3.1 percent that economists expected. Core inflation, which strips out volatile food and energy prices, was 4.2 percent, down from 4.5 percent the month before.
As Gen Xers inch toward retirement, they’re considering where to live

Apr 9, 2024 | seattletimes.com | Gregory Schmidt

When they were raising their four children, Billy and Erin Shipley had space for their family to grow: a two-story, five-bedroom house in Sugar Land, Texas, with a large yard and a pool. But as the children became adults and moved out, the second floor was deserted and maintaining the lawn and pool became a burden. Like many members of Generation X facing an empty nest, the Shipleys decided to look for a home better suited to their needs where they could eventually live in retirement.
As Gen Xers Inch Toward Retirement, They’re Considering Where to Live

Apr 8, 2024 | rethinking65.com | Gregory Schmidt

When they were raising their four children, Billy and Erin Shipley had space for their family to grow: a two-story, five-bedroom house in Sugar Land, Texas, with a large yard and a pool. But as the children became adults and moved out, the second floor was deserted and maintaining the lawn and pool became a burden. Like many members of Generation X facing an empty nest, the Shipleys decided to look for a home better suited to their needs where they could eventually live in retirement.
As Gen X-ers Inch Toward Retirement, They’re Considering Where to Live

Apr 6, 2024 | msn.com | Gregory Schmidt

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As Gen X-ers Inch Toward Retirement, They’re Considering Where to Live

Apr 6, 2024 | iverifyu.com | Gregory Schmidt

The oldest members of Generation X are several years from stopping work, but some are already seeking homes that will suit their later years. When they were raising their four children, Billy and Erin Shipley had space for their family to grow: a two-story, five-bedroom house in Sugar Land, Texas, with a large yard and a pool. But as the children became adults and moved out, the second floor was deserted and maintaining the lawn and pool became a burden.
As Gen Xers Inch Toward Retirement, They’re Considering Where to Live

Apr 6, 2024 | yahoo.com | Gregory Schmidt

When they were raising their four children, Billy and Erin Shipley had space for their family to grow: a two-story, five-bedroom house in Sugar Land, Texas, with a large yard and a pool. But as the children became adults and moved out, the second floor was deserted and maintaining the lawn and pool became a burden. Like many members of Generation X facing an empty nest, the Shipleys decided to look for a home better suited to their needs where they could eventually live in retirement.
Why are mortgage rates so high?

Sep 18, 2023 | elpasoinc.com | Gregory Schmidt

Mortgage rates are running at a 22-year high, crimping a housing market squeezed by high prices. Homebuyers face an average rate of 7.23% on a 30-year fixed-rate mortgage, the most popular home loan in the United States, Freddie Mac reported Thursday. That was the highest rate since June 2001. The rise in rates has cooled demand for homes, with sales of existing homes down sharply from last year.

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