business

Robert W. McChesney, an influential left-leaning media critic who argued that corporate ownership was bad for American journalism and that Silicon Valley billionaires who dominated online information were a threat to democracy, died on March 25, at his home in Madison, Wis. He was 72. The cause was glioblastoma, an aggressive brain cancer, his wife, … Read more

President Trump has vowed that he wouldn’t cut Social Security benefits, but his administration’s actions, led by Elon Musk’s Department of Government Efficiency, have upended the agency, leaving many beneficiaries concerned that the popular program and their paychecks may be imperiled. Several players from the private equity world are now embedded inside the Social Security … Read more

Elon Musk slammed President Trump’s top trade adviser as “dumber than a sack of bricks” on Tuesday as tensions between the two exploded over wide-ranging tariffs that have upended the global economy. Mr. Musk directed the criticism at the trade adviser, Peter Navarro, who on Monday said Mr. Musk was not a “car manufacturer” but … Read more

The Supreme Court on Tuesday blocked a ruling from a federal judge in California that had ordered the Trump administration to rehire thousands of fired federal workers who had been on probationary status. The court’s brief order said the nonprofit groups that had sued to challenge the dismissals had not suffered the sort of injury … Read more

President Trump’s 25 percent tariffs on imported vehicles, which went into effect last week, are already sending tremors through the auto industry, prompting companies to stop shipping cars to the United States, shut down factories in Canada and Mexico and lay off workers in Michigan and other states. Jaguar Land Rover, based in Britain, said … Read more

Oil is trading at its lowest level in nearly four years. Costs are rising. And Wall Street is growing more worried by the day that President Trump’s trade policies will tip the United States into a recession. The reaction in the oil patch? Silence, mostly. Oil and gas executives, eager to stay in Mr. Trump’s … Read more

President Trump’s top trade official defended the administration’s aggressive tariff moves on Tuesday, arguing before a Senate committee that the U.S. economy is facing “a moment of drastic, overdue change” after decades of being propped up by the financial sector and government spending. The remarks by Jamieson Greer, the United States trade representative, came as … Read more

The Internal Revenue Service’s audit rate has been lower this decade than in most taxpayers’ lifetimes, a New York Times analysis shows, and if the Trump administration follows through with plans to cut the agency’s work force, audits will almost certainly become even rarer. The most recent I.R.S. data shows the audit rate of individual … Read more

President Trump’s top trade official defended the administration’s aggressive tariff moves on Tuesday, arguing before a Senate committee that the U.S. economy is facing “a moment of drastic, overdue change” after decades of being propped up by the financial sector and government spending. The remarks by Jamieson Greer, the United States trade representative, came as … Read more

Film at Lincoln Center, the nonprofit organization that programs the New York Film Festival, has named the British movie executive Daniel Battsek its next president. From 2016 until early 2024, Battsek, 66, was chairman of the British production company Film4, overseeing the financing of “Three Billboards Outside Ebbing, Missouri” (2017) and “The Banshees of Inisherin” … Read more