business

President Trump signed an executive order on Thursday in an attempt to shut down the Education Department. “We are sending education back to the states, where it so rightly belongs,” Secretary of Education Linda McMahon said in a statement after Mr. Trump signed the order. But they are not about to let debtors off the … Read more

In recent weeks, a flurry of international visitors attempting to enter the United States from other countries have been denied entry at border checkpoints, leading to either deportations to their home countries or days or weeks of detention. A 28-year-old British woman arrived in Britain earlier this week after she was held at an immigration … Read more

In February, as morale at The Washington Post was reaching new lows, two of the newspaper’s most respected alumni decided to intervene, according to several people with knowledge of the decision. Leonard Downie, the paper’s top editor for 17 years, and Bob Kaiser, who spent more than a half-century at the newspaper, including as managing … Read more

The newly appointed head of one of the nation’s top housing regulators is moving quickly to reshape not only the agency but also Fannie Mae and Freddie Mac, the two government-controlled mortgage finance giants he oversees. The Federal Housing Finance Agency, now under the direction of William Pulte, placed 35 unionized employees on administrative leave … Read more

Jeffrey Bruce Klein, one of four journalists who in 1976 founded the magazine Mother Jones, rooting it in the crusading left-wing politics of the 1960s, and who returned in 1992 as editor in chief to rebrand it for younger, more digital readers, died on March 13 at his home in Menlo Park, Calif. He was … Read more

Tesla is recalling nearly all of its futuristic-style Cybertrucks after it found that an exterior trim panel was falling off and creating hazardous driving conditions, the company said on Thursday. This is the eighth recall for the model. The recall of about 46,000 vehicles includes all models that were manufactured from Nov. 13, 2023, when … Read more

Disney knew that remaking “Snow White and the Seven Dwarfs” as a live-action musical would be treacherous. But the studio was feeling cocky. It was 2019, and Disney was minting money at the box office by “reimagining” animated classics like “Aladdin,” “Beauty and the Beast” and “The Jungle Book” as movies with real actors. The … Read more

When inflation was too high and the economy was resilient in the aftermath of the pandemic, the Federal Reserve’s decision to sharply raise interest rates beginning in 2022 seemed like a no-brainer. The same was true just over two years later when inflation had fallen sharply from its recent peak and the labor market had … Read more

Britons are bracing for a burst of higher inflation for much of this year as many household bills jump next month, a revival of the cost-of-living pressures that have squeezed household budgets in recent years. Next month, the average annual energy bill is set to rise 6.4 percent as the price cap resets. Water bills, … Read more

“Transitory” is back Jay Powell wants businesses and investors to know: The Fed chair shares their concerns about President Trump’s tariff skirmishes as the economic outlook dims. But there is a silver lining, he said Wednesday at a news conference. Tariff-driven inflation is likely to be “transitory” and just for this year. That’s the “base … Read more