Joe Rennison

New York

US Markets Reporter at The New York Times

Reporter covering financial markets @NYTimes. Formerly @FT and @RiskMag

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Articles

Live Updates on U.S. Hiring in May

1 week ago | nytimes.com | Joe Rennison

After Matt Minich was fired from his job with the Food and Drug Administration in February, he did what many scientists have done for years after leaving public service. He looked for a position with a university. Mr. Minich, 38, was one of thousands swept up in the mass layoffs of probationary workers at the beginning of President Trump's second administration.
Trump Administration Live Updates: President Shows No Sign of Retreat on Tariffs

2 weeks ago | flipboard.com | Joe Rennison

RFK Jr’s team adds new errors to its ‘MAHA’ report, making the fiasco worseJust when it seemed Secretary Robert F. Kennedy Jr.'s "MAHA" report couldn't become more embarrassing, newly added errors have taken this to a new …
Por que a enorme conta de impostos de Washington está preocupando os investidores em títulos

3 weeks ago | estadao.com.br | Colby Smith |Joe Rennison

Um projeto de lei promovido pelo governo Trump que estenderia os cortes de impostos e aumentaria os gastos militares está ampliando as preocupações com a dívida e o déficit entre os investidores em títulos, um poderoso grupo de participantes do mercado que influencia fortemente o custo que o governo dos Estados Unidos terá para financiar seu orçamento.
Bond Market Shudders as Tax Bill Deepens Deficit Worries

3 weeks ago | nytimes.com | Colby Smith |Joe Rennison

Financial markets are looking for more "fiscal discipline" from Washington, a top official at the Federal Reserve warned. The bedrock of the global financial system continued to shudder on Thursday, as President Trump's bill to extend expensive tax cuts and create new ones without significantly slashing spending passed through the House of Representatives. The bill has unnerved investors, deepening worries that the country's debt is becoming unmanageable.
Why Washington’s Huge Tax Bill Is Worrying Bond Investors

4 weeks ago | heraldsun.com | Colby Smith |Joe Rennison |NYT Business

EDITORS NOTE: EDS: UPDATES graf "Since dropping ..."; EXPANDS graf "Now the concern ..."; REVISES next graf; TWEAKS graf "Apparent progress ..."; ADDS 2 grafs starting "There were glimpses ..."; UPDATES list of related stories.); (ART ADV: With photo.); (With: CONGRESS-FISCAL, CLIMATE-LAW-INCENTIVES, GLOBAL-TAX-FIGHT) ; Ben Casselman and Tony Romm contributed reporting.
Why the ‘Big, Beautiful’ Tax Bill Is Worrying Bond Investors

4 weeks ago | flipboard.com | Colby Smith |Joe Rennison

1 hour agoBitcoin Is Suddenly Surging As It Braces For A Huge $6 Trillion Price EarthquakeBitcoin has rocketed higher, soaring toward its all-time high of almost $110,000 per bitcoin despite BlackRock issuing a serious bitcoin warning last week.
Why Trump's 'Big, Beautiful' Tax Bill Is Worrying Bond Investors

4 weeks ago | nytimes.com | Colby Smith |Joe Rennison

Tax cuts pushed by President Trump are amplifying debt and deficit concerns among the powerful market players who influence interest rates. For decades, budget hawks warned that America's debt load was unsustainable and that runaway spending financed with borrowed money was eventually going to scare investors away from lending to the United States. Those fears are now taking hold more strongly in the bond market, and are at risk of spreading further.
The Stock Market's Boomerang Month Has Put Investors in a Bind

1 month ago | nytimes.com | Joe Rennison

Although they long for more clarity about tariffs, investors feel they can't sit on the sidelines as stocks climb. S&P 500 index performance this year The stock market is now higher than before President Trump's broad and steep tariffs sent share prices into a tailspin. The 10-year government bond yield is now largely in line with where it started the year. On Tuesday, a widely watched measure of inflation nudged lower.
Hope and Anxiety Share the Stage as Finance Titans Converge on LA

1 month ago | rethinking65.com | Joe Rennison

Beneath the grand chandeliers of the International Ballroom at the Beverly Hilton Hotel, at rooftop bars and at private parties at billionaires’ mansions, there was a mix of emotions among the financial titans gathered in Los Angeles last week. Many of the thousands of attendees at the Milken Institute Global Conference — a who’s who of finance and corporate America — remained anxious amid volatile markets, continuing trade tensions and deep cuts to the federal government.
Hope and Anxiety Share the Stage as Finance Titans Converge on L.A.

1 month ago | nytimes.com | Joe Rennison

At the Milken Institute conference, a who's who of finance and corporate America, there was a mix of emotions about financial markets and the economy. Beneath the grand chandeliers of the International Ballroom at the Beverly Hilton Hotel, at rooftop bars and at private parties at billionaires' mansions, there was a mix of emotions among the financial titans gathered in Los Angeles this week.