Business
Solid Jobs Report Reinforces Fed’s Patient Approach to Interest Rate Cuts
A solid labor market has for months given the Federal Reserve comfort that it could hold off on interest rate cuts until it had more…
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News
Exxon and Chevron Report Lower Profits While Girding for Tariffs
The two largest U.S. oil companies reported their lowest first-quarter profits in years on Friday as they braced for the economic fallout…
Politics
Trump Says He Is Renaming Veterans Day as ‘Victory Day for World War I’
President Trump said Thursday that he would rename Veterans Day, on Nov. 11, as “Victory Day for World War I” and May 8, widely known as…
Business
How a U.S. Tax Loophole Supercharged China’s Exports
When Congress raised the threshold for imported goods to enter the United States tax-free to $800 from $200 nearly a decade ago, it threw…
Politics
U.S. Payoff for Ukraine Minerals Deal Faces Many Hurdles
Now that the United States has secured a deal to share the rights to Ukraine’s mineral reserves — including elements crucial for a range…
News
U.S. Prosecutors Accuse Large Insurers of Paying Kickbacks for Private Medicare Plans
The Justice Department on Thursday accused three of the nation’s largest health insurers of paying hundreds of millions of dollars in…
Politics
GM Cuts Profit Forecast by 20% and Says Auto Tariffs Will Cost It Billions
General Motors cut its profit forecast for 2025 on Thursday by more than 20 percent and said the Trump administration’s tariffs would…
Politics
Trump Is Ousting Michael Waltz, His National Security Adviser
President Trump is ousting his national security adviser, Michael Waltz, and another senior member of the White House’s foreign policy…
Business
Tesla Chair Denies That Board Sought to Replace Elon Musk
The chair of Tesla’s board of directors denied a report that the company had begun to look for a replacement for Elon Musk, the chief…
Politics
Musk Is Less Confident About DOGE Goals, 100 Days Into Trump Presidency
Seated at the head of a large conference table inside the West Wing’s Roosevelt Room on Wednesday afternoon, Elon Musk, dressed in his…
Politics
U.S. and Ukraine Sign Minerals Deal
The United States will share future revenues from Ukraine’s mineral reserves under a deal announced by the Trump administration on…
Politics
Ex-Trump Official Targeted for Investigation Loses Global Entry Status
Chris Krebs, the former cybersecurity official in President Trump’s first term whom the president recently targeted for investigation…
News
Trump’s Tariffs Lead Japan to Slash Its Economic Growth Forecast
The growing list of major economies warning of weaker growth because of U.S. tariffs has a new member. The Bank of Japan said on Thursday…
News
Here’s what happened on Wednesday.
Mohsen Mahdawi, an organizer of the pro-Palestinian movement at Columbia University, was freed from federal custody on Wednesday, more…
Politics
Trump boasts about the economy, but says weak data is Biden’s problem.
President Trump took office 101 days ago after a campaign in which voters bought his argument that he could skillfully manage the economy…
Business
Under Trump, Stocks Have the Worst Start to a Presidential Term Since 1974
One hundred days of President Trump. Seventy days of whipsaw trading in financial markets. Thirty three days of losses. More than $6.5…
Politics
Vietnam Used to Be a Safe Haven for Trade. Now It Might Not Be.
During President Trump’s first U.S.-China trade war in 2018, American companies flocked to Vietnam to sidestep escalating tariffs, and the…
Politics
As Trump Cuts Foreign Aid, What Does It Mean for the Gates Foundation?
On Dec. 27, Bill Gates, the billionaire philanthropist, made a trip to Mar-a-Lago for dinner with Donald J. Trump. Some people around him…
Politics
Trump’s Cuts to Science Funding Could Hurt U.S. Economy, Study Shows
Cutting federal funding for scientific research could cause long-run economic damage equivalent to a major recession, according to a new…
News
Chinese Factories Slow in Early Sign of Trade War’s Toll
President Trump’s tariffs are already taking a toll on China’s factories. Three weeks into a trade war that pushed import tariffs of…
Politics
Corporation for Public Broadcasting Sues White House to Block Board Firings
The Corporation for Public Broadcasting sued the Trump administration on Tuesday, accusing it of illegally trying to fire three members of…
Business
UPS Says It Will Cut 20,000 Jobs in Efficiency Drive
UPS said on Tuesday that it would cut 20,000 jobs this year as part of a long-term plan to reduce costs and bolster profit. The cuts come…
Politics
Are Shein and Temu Prices Going Up? What to Know as Trump Ends De Minimis Tariff Loophole
A loophole that has allowed American shoppers to buy lots of cheap goods from mainland China and Hong Kong without paying tariffs and…
Politics
White House-Amazon Spat Culminates in Trump Calling Bezos ‘Very Nice’
President Trump’s 100th day in office started with what seemed to be a fresh and fast-escalating spat between the White House and Amazon.…