Some young people are teaching in countries like South Korea as education funding is gutted and recent grads face a tough job market in their own countries

A year ago, Arianna Marie, 25, was struggling to control the students in her Florida elementary school classroom.

She was living with her parents to save on rent and quickly feeling her passion for teaching dry up, even though it was her first job since graduation.

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© Photograph: Courtesy Arianna Marie and Zwiwe Dlamini

© Photograph: Courtesy Arianna Marie and Zwiwe Dlamini

© Photograph: Courtesy Arianna Marie and Zwiwe Dlamini

There’s little optimism about treasury secretary’s ability to handle Trump’s tariffs, Iran sanctions and colossal US debt

History remembers Gen Dwight Eisenhower, the supreme commander of the allied forces in Europe during the second world war, for his role in the D-day invasion of Normandy. Whether Scott Bessent will achieve similar posterity as the face of the “economic D-day” in Iran remains to be seen.

The US treasury secretary, already trying to manage a $40tn national debt pile, this week took charge of Donald Trump’s effort to reverse-engineer his war of choice. Whereas the US would typically take on an adversary with diplomacy, sanctions and military force, in that order, the US president started with a six-month bombing campaign and now hopes that economic isolation can finish the job.

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© Photograph: Julia Demaree Nikhinson/AP

© Photograph: Julia Demaree Nikhinson/AP

© Photograph: Julia Demaree Nikhinson/AP

Reporting season shows how consumers are responding to cost of living pressures and how retailers are responding

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Australians are buying less pizza but more weight-loss drugs. They love “dupes” but don’t enjoy writing letters.

Here are five key takeaways from the August reporting season that show what consumers are buying as cost of living pressures reignite, and how retailers are responding.

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© Photograph: Dan Himbrechts/AAP

© Photograph: Dan Himbrechts/AAP

© Photograph: Dan Himbrechts/AAP

The U.S.-Canada trade war has galvanized Canadians behind their prime minister’s decision to walk away from negotiations. What happens when the time comes for talks to restart?

© Dave Chan/Agence France-Presse — Getty Images

Avoiding US goods and services – from tech to whisky to air travel – has forced many to find a new way of living

For William McDonald, 38, a diesel mechanic from Thunder Bay, Ontario, “Canadian is always the first choice,” even if it means his weekly bills are higher.

“As soon as Trump started putting those tariffs on in February [last year], I started boycotting US goods,” he said. “Avoiding American products has driven my costs up, and I’m still happy to do it.

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© Photograph: Chris Helgren/Reuters

© Photograph: Chris Helgren/Reuters

© Photograph: Chris Helgren/Reuters

To win in 2024, the president promised an economic course correction. Almost two years later, his agenda has made that fight even harder.

© Haiyun Jiang/The New York Times

Federal Reserve Chair Kevin Warsh said there is still work to do on inflation. At the Fed's annual economic symposium in Jackson Hole, Wyoming, Warsh also said that although he is not committed to a rate hike, he is not ruling it out. Amna Nawaz discussed more with Nick Timiraos of The Wall Street Journal.

The war has deteriorated over the past six months into Mr. Trump’s own version of a “forever war,” with no clear goals and no end in sight.

© Kenny Holston/The New York Times

However, Kevin Warsh didn’t say if interest rates would change in coming months, as inflation remains stubborn

The US Federal Reserve is not done fighting high inflation, its chair, Kevin Warsh, said in his first major speech in the role on Friday, emphasizing that it was “the Fed’s job to deliver stable prices”.

Warsh did not indicate where the Fed will take interest rates in the coming months, despite US inflation remaining stubbornly above the central bank’s 2% target amid the war in Iran. But his speech was taken by markets as a signal that rates may rise in the coming months, a move that may put him at odds with Donald Trump, who has aggressively called for rates to be cut.

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© Photograph: Natalie Behring/Getty Images

© Photograph: Natalie Behring/Getty Images

© Photograph: Natalie Behring/Getty Images

The 2026 revisions by the Bureau of Labor Statistics represent a downward adjustment of just 0.1 percent of the total work force.

© Justin Sullivan/Getty Images

Edward Yardeni, an upbeat strategist with an excellent track record in assessing the stock market, explains why he thinks the good times will continue for years.

© Mengxin Li

In a high-profile speech, Kevin M. Warsh said the Federal Reserve was chiefly responsible for taming inflation. If price increases do not return to the central bank’s target quickly, “we have work to do,” he said.

© Natalie Behring/Getty Images

Unpopular new policy comes as midterms loom and control of Congress could be decided by several Michigan races

Every day $1bn worth of goods crosses the river dividing Detroit, Michigan, and Windsor, Ontario, two largely blue-collar US and Canadian cities that have come to act as one in the creation of North America’s auto industry.

News this week of Donald Trump’s escalating trade spat with Canada has everyone worried. Political and economic leaders and observers labeled the move an act of “hubris” , blamed Trump’s “ego”, and called the escalation “insanity”.

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© Photograph: Jeff Kowalsky/AFP/Getty Images

© Photograph: Jeff Kowalsky/AFP/Getty Images

© Photograph: Jeff Kowalsky/AFP/Getty Images

Unpopular new policy comes as midterms loom and control of Congress could be decided by several Michigan races

Every day $1bn worth of goods crosses the river dividing Detroit, Michigan, and Windsor, Ontario, two largely blue-collar US and Canadian cities that have come to act as one in the creation of North America’s auto industry.

News this week of Donald Trump’s escalating trade spat with Canada has everyone worried. Political and economic leaders and observers labeled the move an act of “hubris” , blamed Trump’s “ego”, and called the escalation “insanity”.

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© Photograph: Jeff Kowalsky/AFP/Getty Images

© Photograph: Jeff Kowalsky/AFP/Getty Images

© Photograph: Jeff Kowalsky/AFP/Getty Images

Robin Wigglesworth of Financial Times explains everything you need to know about the Trump administration’s meddling with the bond market.

© The Ezra Klein Show

We are approaching a credibility crisis with Scott Bessent and Kevin Warsh leading our economy.

© Nathan Howard/Reuters

The relative indifference to the news that the U.S. government now owes $40 trillion demonstrates how drastically the politics of deficit spending has changed.

© Anna Moneymaker/Getty Images

Even Machiavelli wouldn’t like Trump’s doings.

© Victor J. Blue for The New York Times

The U.S. economy grew at a sluggish 1.5% pace from April through June. But consumer spending stayed strong.

Households warned of ‘worse to come’ as energy bills rise