EditorialFILE PHOTO: A screen displays a statement by Federal Reserve Chair Jerome Powell following the U.S. Federal Reserve's announcement as a trader works on the trading floor of the NYSE in New York
EditorialA trader on the floor of the New York Stock Exchange on Nov. 20, 2008, in the midst of the financial crisis. That was a particularly painful time for the stock market. (Michael Appleton/The New York Times)
EditorialA trader on the floor of the New York Stock Exchange on Nov. 20, 2008, in the midst of the financial crisis. That was a particularly painful time for the stock market. (Michael Appleton/The New York Times)
EditorialA trader on the floor of the New York Stock Exchange on Nov. 20, 2008, in the midst of the financial crisis. That was a particularly painful time for the stock market. (Michael Appleton/The New York Times)
EditorialA trader on the floor of the New York Stock Exchange on Nov. 20, 2008, in the midst of the financial crisis. That was a particularly painful time for the stock market. (Michael Appleton/The New York Times)
EditorialA trader on the floor of the New York Stock Exchange on Nov. 20, 2008, in the midst of the financial crisis. That was a particularly painful time for the stock market. (Michael Appleton/The New York Times)
EditorialJonas Frey, the inventor of Appointment Trader, a reservation platform that allows people to buy spots at exclusive restaurants, in Miami, April 5, 2023. (Joshua Aronson/The New York Times)
EditorialJonas Frey, the inventor of Appointment Trader, a reservation platform that allows people to buy spots at exclusive restaurants, in Miami, April 5, 2023. (Joshua Aronson/The New York Times)