BC-BIZ-COVER-NYT

Here are the top business stories from The New York Times for Saturday, March 8. They are scheduled to move by 9 p.m. ET unless otherwise noted. To reach The New York Times News Service, email newsservice@. For information on photos and graphics, email nytnsphotos@.
ON THE BUSINESS COVER
ECON-JOBS (Undated) -- It might be a moment of hush before chaos ensues, or it may be business as usual. U.S. employers added 151,000 jobs in February, the first full month under the new Trump administration, the Labor Department reported Friday. The gain extended a streak of job growth to 50 months. The unemployment rate ticked up slightly, to 4.1%, from 4% in January. By Talmon Joseph Smith.
With photo and graphic. Page 1 refer.
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TRANSGENDER-TURNABOUT (Undated) -- Established by Congress roughly 60 years ago, the Equal Employment Opportunity Commission enforces antidiscrimination laws in the workplace, including Title VII of the 1964 Civil Rights Act, which says that employers cannot discriminate against workers based on race, color, religion, national origin or sex. But now the nation's primary regulator of workplace discrimination has moved to dismiss cases that may run afoul of President Donald Trump's executive order on gender. By Jessica Silver-Greenberg.
With photos. Page 1 refer.
[Story first moved Wednesday, March 5, at 2:44 p.m. ET.]
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MARKETS (Undated) -- The stock market suffered its worst week in many months, after a series of dizzying policy shifts on tariffs from the White House amid simmering concerns about the health of the economy. The S&P 500 seesawed throughout the day Friday, marking a volatile end to a turbulent week, as investors parsed the latest employment data and comments from Federal Reserve Chair Jerome Powell about the direction of interest rates. Even though the index ended the day with a gain, the S&P 500 notched its third consecutive week of losses with a drop of 3.1%, its sharpest weekly decline since early September. By Joe Rennison.
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TRUMP-TARIFFS (Washington) -- President Donald Trump has spent the last month or so bouncing between imposing sweeping tariffs on imports from Canada and Mexico and delaying them because of last-minute deals. The waffling over import duties reflects the reality that steep import taxes are not an antidote for every policy problem facing the nation. The delays and loopholes reveal that Trump's economic advisers are beginning to see the risks of taking tariffs too far at a time when the economy is showing signs of strain and consumers are still reeling from inflation. By Alan Rappeport.
With photo.
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CRYPTO-MOGUL-PARDON (Undated) -- Consulting with a lawyer who has ties to President Donald Trump. Reaching out to Washington lobbyists. And sitting for a jailhouse interview with Tucker Carlson. Sam Bankman-Fried, the disgraced cryptocurrency mogul who was once a top Democratic donor, has embarked on a long-shot campaign to secure a pardon from the Trump administration, six people with knowledge of the matter said. By David Yaffe-Bellany, Kenneth P. Vogel and Theodore Schleifer.
With photos.
ADDITIONAL BUSINESS STORIES
TRUMP-TARIFFS-MARKETS (Washington) -- As Donald Trump hands down tariff determinations and then pulls them back for a month or so, world leaders call to plead their case, a bit like vassal states appealing to a larger power. And the president responds, as if he is granting reprieves, though not pardons. If, in a usual presidency, tariffs are debated by layers of experts and aides, their potential impact weighed with care, in the Trump White House the determinations are part whim, part weave, part pique. By David E. Sanger.
With photo. Page 1 refer.
[Story first moved Thursday, March 6, at 11:37 p.m. ET.]
TRUMP-CAPITAL-ONE (New York) -- President Donald Trump's family business sued Capital One on Friday for "unjustifiably terminating" more than 300 of its bank accounts after the Jan. 6, 2021, attack on the Capitol, the latest sign that the president and his allies are seeking retribution against those who once shunned them. In a complaint filed in state court in Florida, the Trump Organization accused the bank of arbitrarily closing its accounts in June 2021 in violation of various consumer protection laws. The accounts held millions of dollars at the time, according to the lawsuit. By Ben Protess.
With photo.
TRUMP-CRYPTO-SUMMIT (Undated) -- Sitting beneath a portrait of Abraham Lincoln, more than two dozen of the most powerful figures in the U.S. cryptocurrency industry, together worth many billions of dollars, gathered in the White House on Friday for an audience with President Donald Trump. He was holding a first-of-its-kind "crypto summit," meeting with the leaders of virtually all of the top crypto companies in the United States. Only a small portion of the gathering was broadcast to the public. But it offered a vivid illustration of Trump's recent embrace of crypto, a renegade industry that has spent years battling with U.S. regulators. By David Yaffe-Bellany.
With photos and related story:
TRUMP-CRYPTO-RESERVE (Undated) -- President Donald Trump signed an executive order Thursday to create a national stockpile of bitcoin and other digital currencies, an audacious idea that has been widely criticized as a scheme to enrich crypto investors. The basis of the stockpile will be a stash of bitcoin, estimated to be worth as much as $17 billion, that the United States has seized in legal cases over the years. The order also calls for federal agencies to develop strategies to buy more bitcoin, the most popular digital currency, as long as those purchases do not generate extra costs for taxpayers. By David Yaffe-Bellany.
[Story first moved Thursday, March 6, at 10:02 p.m. ET.]
GOOGLE-ANTITRUST (Washington) -- In a sign that President Donald Trump is following the Biden administration's lead in reining in Google, the Justice Department on Friday reiterated its demand that a court break up the search giant. The request followed a landmark ruling last year by Judge Amit Mehta of U.S. District Court for the District of Columbia that found Google had illegally maintained a monopoly in online search by paying web browsers and smartphone manufacturers to feature its search engine. The judge is scheduled to hear arguments on proposed solutions from the government and Google in April. By David McCabe.
With photo.
FED-POLICY (Undated) -- A record of the Federal Reserve's Jan. 28-29 meeting, released Wednesday, showed that officials have not written off rate cuts completely, and they still expect to lower borrowing costs over time. But slow progress on taming inflation, combined with significant uncertainty about how President Donald Trump's economic agenda will shape up, has solidified their position that the best course of action for now is to stand pat until they have more clarity on the economic outlook. By Colby Smith.
With photo and related story:
ECON-OUTLOOK (Undated) -- President Donald Trump inherited an economy that was, by most conventional measures, firing on all cylinders. Wages, consumer spending and corporate profits were rising. Unemployment was low. The inflation rate, though higher than normal, was falling. Just weeks into Trump's term, the outlook is gloomier. Measures of business and consumer confidence have plunged. The stock market has been on a roller-coaster ride. And forecasters are cutting their estimates for economic growth this year. The sudden deterioration in the outlook is striking, especially because it is almost entirely a result of Trump's policies and the resulting uncertainty. By Ben Casselman and Colby Smith.
With photos.
AUTO-TARIFFS (Undated) -- Manufacturers achieve economies of scale by building engine and transmission plants that are large enough to supply a number of vehicle factories in North America. Similar thinking works for other parts too -- seats, instrument panels, electronics, axles. Ultimately a vehicle is considered an import when it is shipped to the United States after undergoing final assembly in another country. But because of how complex supply chains have become, it is increasingly hard to say which vehicles are American-made and which are imported. By June Kim and Neal E. Boudette.
With graphics and related stories:
-- CHINA-U.S.-TARIFFS (Beijing) -- China's top diplomat, Wang Yi, on Friday vowed that Beijing would firmly retaliate against the United States if it escalated the trade war with more tariffs, striking a tough note despite the country's economic challenges. Wang's comments came a day after President Donald Trump suspended tariffs for goods coming from Mexico and Canada but did not do the same for items coming from China. By David Pierson.
[Story first moved today at 2:06 a.m. ET.]
-- U.S.-CANADA-BANKS (Undated) -- Hours after imposing steep tariffs on Canada, President Donald Trump raised an issue that even the American lenders whose cause he's championing find perplexing: the access, or lack thereof, of U.S. banks to the Canadian market. On Tuesday, two days before delaying the tariffs, Trump wrote in a post on Truth Social, "Canada doesn't allow American Banks to do business in Canada, but their banks flood the American Market." Here is the actual state of play for U.S. banks in Canada. By Rob Copeland.
[Story first moved Wednesday, March 5, at 3:53 p.m. ET.]
AFRICA-ENERGY (Washington) -- For the past two days, energy ministers and tech founders from across Africa gathered to discuss how best to bring electricity to more than 600 million people on the continent who have none. Much of their hope, and fear, came from the whirlwind of change President Donald Trump has brought to U.S. foreign policy, including the termination of Power Africa, a major initiative that had supported them for a decade. Was Trump abandoning them? Or might his promises of "global energy dominance" be a boon? By Max Bearak.
With photo.
FEDERAL-WORKERS (Undated) -- For about a year, the labor market has existed in a state of eerie calm: Not many people were losing their jobs or quitting, but not many of those seeking work were getting job offers. The mass layoffs underway across the federal government, along with its employees who are voluntarily heading for the exits, could disrupt that uneasy equilibrium. By Lydia DePillis and Colby Smith.
With photos.
HOMEBUYING-OVERSIGHT (Undated) -- House prices are stubbornly high, and mortgage rates remain substantially above their prepandemic level. Now, with the spring homebuying season looming, shoppers have a new worry: A major federal consumer watchdog has been hobbled. Without the Consumer Financial Protection Bureau, the agency responsible for overseeing most aspects of the homebuying process, consumer advocates say homebuyers need to be their own watchdogs. Your Money Adviser by Ann Carrns.
With illustration.
STUBHUB-IPO (Undated) -- StubHub, a ticketing software company, has held talks with bankers in recent weeks about holding an initial public offering before the end of the year, two people with knowledge of the matter said, testing Wall Street's appetite for a return of tech IPOs. The talks are preliminary, said the people, who spoke on the condition of anonymity because the discussions were private. StubHub told Wall Street analysts in an investor meeting Thursday that it was aiming to raise more than $1 billion in a public offering, according to one attendee. By Lauren Hirsch and Mike Isaac.
With photo.
[Story first moved Thursday, March 6, at 9:18 p.m. ET.]
WALGREENS-SALE (Undated) -- Walgreens Boots Alliance said Thursday that it had agreed to be acquired by Sycamore Partners, a private equity firm, in a $10 billion deal that will take the struggling pharmacy chain out of the glare of public markets. By Danielle Kaye.
[Story first moved Thursday, March 6, at 7:44 p.m. ET.]
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