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The Top Line

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    Smile, Democrats. Trump Lost. You Won.Biden’s victory is a really good thing, and it’s going to give us a chance to think and worry about more important things than who the president is.
    By Josh Barro
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    The Stock Market Loves the Idea of McConnell Blocking Biden’s PlansStocks are up huge on a day when it looks like we’ll have a Democratic president and GOP Senate.
    By Josh Barro
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    The Stock Market and the Tale of Two RecoveriesStocks have been falling as a new COVID wave hits. But there is also a lot of economic good news too.
    By Josh Barro
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    The World’s Best BureaucratAs chairman of the Federal Reserve during the pandemic, Jerome Powell has managed to do something almost unimaginable in Washington: a good job.
    By Josh Barro
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    Gamblers Say Trump Is Almost Tied With Biden. Don’t Bet on It.It sure seems like the election-prediction markets are informed more by hobbyist enthusiasm than political reality.
    By Josh Barro
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    The Pandemic Has Men Shaving Less, But Not WomenProctor & Gamble sales — and beards — have grown during the pandemic.
    By Josh Barro
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    What If Trump Is All Too Eager to Give Up Power?The president may simply check out if he loses, leaving critical challenges, like the need for more COVID-19 relief, to fester.
    By Josh Barro
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    Prime Day Highlights Why October Is the New NovemberThis year, with consumers bored at home and retailers wanting to spread out the shopping crowds, Black Friday has crept forward.
    By Josh Barro
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    Wall Street Got What It Wanted From Trump and Is Ready for BidenBad news for the president is making markets bullish. What’s going on?
    By Josh Barro
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    Disneyland Is Likely to Stay Closed for MonthsCalifornia might be right that theme parks ought to be shut until the epidemic abates. But there is a huge effect on employment.
    By Josh Barro
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    Donald Trump Isn’t Broke. He’s a Very Rich Guy Who Doesn’t Pay Enough Taxes.Some people are reading Trump’s taxes — or the New York Times’ account of what was in his taxes over the last 20 years — much too literally.
    By Josh Barro
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    Why Do Voters Seem to Be Giving Trump a Pass on the Economy?It’s the best thing the president has going for him right now, according to polls — even though it’s a total mess.
    By Josh Barro
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    Nikola Says It’s Not the Next TheranosSometimes, when a product seems cool enough, people don’t ask the right questions.
    By Josh Barro
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    The Fitness Industry’s Pandemic Winners and LosersBusiness is booming for online class providers and golf courses, while gyms and apparel companies are in a tough spot.
    By Josh Barro
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    We’re Heading Toward the Worst Possible Outcome on TikTokIt’s likely that the deal will enrich the Trump-allied firm Oracle without the upside of reduced Chinese influence that we were supposed to get.
    By Josh Barro
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    Softbank Found Another Dumb Way to InvestNaturally, the tech behemoth that lost billions on WeWork has found a new, weird thing to do with its investors’ cash.
    By Josh Barro
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    Why Airlines Are Getting Ready for Huge LayoffsThe layoff announcement from American is part warning and part threat.
    By Josh Barro
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    Target Is Having a Pretty Good PandemicWhy big box retailers like Walmart and Target have done especially well under COVID.
    By Josh Barro
  19. buyer’s market
    The Post Office Has a Financial Problem, Not a CrisisThere are business questions underlying many of the political questions that surround the USPS.
    By Josh Barro
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    Americans Are Shopping As Much As They Were Pre-PandemicThe nature of consumer spending is still far from normal, however, and without another stimulus, retail sales may start to contract again.
    By Josh Barro
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    Coronavirus Will Kill Lots of Shopping MallsMall owners seem to be aware of this, and they are trying to figure out what the next act looks like.
    By Josh Barro
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    If Uber’s Food-Delivery Business Isn’t Profitable Now, When Can It Be?Huge growth is based on charging customers less for delivery than drivers get paid to provide it.
    By Josh Barro
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    Why Disney’s Plan to Release Mulan Online for $30 Pleases Wall StreetCOVID-19 may be ravaging the movie industry, but it’s also presenting opportunities to think outside the box office.
    By Josh Barro
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    Coronavirus Has Changed How We Drink CoffeeWhat has been bad for Starbucks has been good for Folgers.
    By Josh Barro
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    Jeff Bezos and Mark Zuckerberg Aren’t in the Same BoatAmazon is extremely popular – and doesn’t meet the definition of a monopoly. Facebook is a different situation.
    By Josh Barro
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    Don’t Give Up on Offices Quite YetEven companies like Google that are well suited to remote work understand the value of in-person interactions.
    By Josh Barro
  27. real estate
    How Much Is COVID-19 Hurting NYC Real-Estate Values?The news for Gotham homeowners is not great — but also not catastrophic.
    By Josh Barro
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    Why the Stock Market Is Soaring Even As the Economy FaltersHere, some good explanations for why stocks would appear to shrug off the very serious economic problems the virus has caused this summer.
    By Josh Barro
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    If This Is How Disney World Operates in a Pandemic, How Could Schools Operate?Limited capacity may be possible at theme parks and retail stores, but it probably won’t work at schools.
    By Josh Barro
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    The Economy Won’t Be Recovering Anytime SoonIndicators that recently looked promising are stalling once again.
    By Josh Barro
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    How Ski Resorts Hope to Operate Under COVID-19 This WinterSkiing is a naturally low-risk activity, but concerns about sudden lockdowns and traveling to, getting up, and eating on the mountain remain.
    By Josh Barro
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    COVID-19 Is Changing Many Things — But Not Apartment RentsEven during this extremely unstable time, the cost to rent a home has so far remained surprisingly stable.
    By Josh Barro
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    Brooks Brothers’ Problems Began Before the CoronavirusThe formal-attire business isn’t what it used to be.
    By Josh Barro
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    Here’s What the Trouble in Commercial Real Estate Means for YouSome of the hits to retail real estate may permanently change how state and local governments fund themselves.
    By Josh Barro
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    To Reopen the Economy, Close the BarsAreas that reopened bars may have increased the spread of the coronavirus and made the public more afraid to engage in activities unrelated to bars.
    By Josh Barro
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    The Good News and the Bad News in the Latest Jobs ReportThe economy added a record 4.8 million workers. But there are also some warning signs.
    By Josh Barro
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    Another Good Sign on the Economic Recovery — and a WarningThings are still looking up, but coronavirus surges and government inaction could change that.
    By Josh Barro
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    How Do You Talk People Into Traveling in the Middle of a Pandemic?Companies are looking for ways to coax potential travelers back out of their homes.
    By Josh Barro
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    Bankrupt Hertz Won’t Sell More Stock to Bored Investors — YetAfter some discussions with the SEC, the company decided not to make new shares available after all.
    By Josh Barro
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    Retail Sales Data Shows the CARES Act Is WorkingRetail sales increased 17.7 percent in May, proving that the stimulus supported most American households such that people do not feel afraid to spend.
    By Josh Barro
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    Air Travel Is Coming Back‚ But a Full Recovery Is Far OffExpect a smaller airline sector for years to come.
    By Josh Barro
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    The Strange Case of Hertz’s BankruptcyWhat the mysteriously high stock price of the distressed rental-car company might tell us about market dynamics right now.
    By Josh Barro
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    The Recession Started in February — And Is Probably Already OverWe are not out of the woods. But we are on the upswing.
    By Josh Barro
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    Walt Disney World Is Preparing to Reopen. It’s Gonna Be Weird.The company is aiming for mid-July. But the experience won’t be what you are used to.
    By Josh Barro
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    Why Americans Unexpectedly Saved a Lot of Money in AprilMillions lost their jobs, but those declines were more than offset by an enormous increase in government social benefits.
    By Josh Barro
  46. buyer’s market
    How Hertz’s Bankruptcy Will Affect the Car IndustryExpect hundreds of thousands of Hertz cars to show up at used-car dealerships soon.
    By Josh Barro
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    Walmart Had a Great First Quarter — and Has Good News About the Whole Economy“Call it relief spending,” said the company’s CEO, “as it was heavily influenced by stimulus dollars.”
    By Josh Barro
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    Why Do Food Delivery Companies Lose Money?One common theory is that they are planning to raise their prices someday. I think something else is going on.
    By Josh Barro
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    There’s Deflation, But You’re Probably Not Enjoying Lower PricesThe government’s preferred measure of prices is way down. That’s not the story for most consumers during lockdown though.
    By Josh Barro
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    Why There Are Still So Many Empty Shelves at the Grocery StoreSome key dynamics have changed since March, but there are still acute shortages — particularly in the meat aisle.
    By Josh Barro
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