business

The Federal Reserve pressed pause on interest rate cuts last month. The minutes from its January meeting suggest the hiatus is likely to be a long one. A record of the central bank’s Jan. 28-29 meeting, released on Wednesday, showed that officials have not written off rate cuts completely, and they still expect to lower … Read more

Anyone who wants to keep up with President Trump’s views knows to go to his Truth Social account. There, one finds his reasoning on a panoply of issues, including military strikes in Somalia, tariffs on Canada and Mexico, relations with Russia, the causes of a deadly aircraft collision, American ownership of the Gaza Strip and … Read more

We’re taking a look at President Trump’s plans to consolidate control over many of the agencies that oversee business, including the S.E.C., the Federal Trade Commission, the Federal Communications Commission and the National Labor Relations Board. For years, industry has complained about the alphabet soup of agencies, which often compete with one another. Some officials … Read more

Treasury Secretary Scott Bessent will skip a meeting of finance ministers and central bankers from the Group of 20 nations in Cape Town next week, according to people familiar with his plans, deepening the rift between the United States and South Africa over policies the Trump administration believes are anti-American. The decision to forgo such … Read more

KFC, the company so associated with Kentucky that state flags flew at half-staff when its founder Colonel Sanders died, is leaving the state. The company formerly known as Kentucky Fried Chicken will move its corporate headquarters and about 100 employees to Plano, Texas, from Louisville, Ky., its parent company, Yum Brands, said in a statement … Read more

Southwest Airlines on Monday announced plans to cut 1,750 jobs, the first broad layoffs in the airline’s 53-year history. The company said the cuts would mostly focus on corporate positions, accounting for about 15 percent of that work force. The layoffs will include 11 senior leaders with titles of vice president or higher, the airline … Read more

In the Wichita courtroom, Hanes offered his only public reflection on the bank collapse. Wearing a gray suit, he walked up to the lectern, glancing nervously at his former friends in the gallery. “I’m sorry,” he told the judge. Until the very end, he explained, he thought he was involved in a legitimate business deal. … Read more

The PGA Tour and Saudi Arabia’s sovereign wealth fund are racing to reshape their plans to combine their rival golf circuits, emboldened by President Donald J. Trump’s eagerness to play peacemaker for a fractured sport, according to four people familiar with the matter. Since the start of secret talks in April 2023, PGA Tour executives … Read more

Humane, the ambitious start-up behind the Ai Pin device that aimed to one day replace smartphones, agreed to sell parts of its business to HP for $116 million, the companies said on Tuesday. HP said it planned to acquire Humane’s “A.I. capabilities,” including its software platform, intellectual property, patents and some employees. The Ai Pin … Read more

News that the Trump administration had agreed with Russia to try to negotiate a peace settlement for Ukraine, without including Ukraine in the talks, was a revelation that many believed reversed years of efforts to isolate Moscow. But prominent voices in the right-wing media world interpreted the development this week as cause for celebration. “Every … Read more