business

Hot inflation has raised the stakes of President Trump’s plans to escalate his use of tariffs on the country’s biggest trading partners, risking even higher consumer prices and pushing back the prospects of the Federal Reserve lowering interest rates soon. New inflation data released this week showed price pressures intensifying. The unexpected jump in January’s … Read more

Elon Musk said in a court filing late Wednesday that he would withdraw his $97.4 billion bid to control OpenAI if the company dropped a longstanding effort to change its corporate structure. Mr. Musk and a consortium of investors had offered on Monday to buy the assets of the nonprofit that controls OpenAI, escalating a … Read more

Chevron, the second-largest U.S. oil and gas company, said on Wednesday that it would lay off as much as 20 percent of its work force, or up to around 9,000 people, as part of a cost-cutting effort. While the cuts are deeper than at other oil companies, they are in keeping with a broad trend … Read more

Linda Sun, a former aide to two New York governors, faces new allegations related to charges that she used her position to benefit the Chinese government, according to a superseding indictment against Ms. Sun and her husband unsealed Tuesday. Ms. Sun, who served as Gov. Kathy Hochul’s deputy chief of staff and in lower-level positions … Read more

The No. 2 official at the National Institutes of Health abruptly resigned and retired from government service on Tuesday, in another sign that the Trump administration is reshaping the nation’s public health and biomedical research institutions. The official, Dr. Lawrence A. Tabak, a dentist and researcher, was long considered a steadying force and had weathered … Read more

Brendan Carr, the chairman of the Federal Communications Commission, has ordered an investigation into the diversity, equity and inclusion programs at Comcast, the parent company of NBC News and Universal Studios. In a letter sent to Brian Roberts, Comcast’s chairman, on Tuesday, Mr. Carr said the F.C.C. would look into D.E.I. practices broadly at many … Read more

For the Federal Aviation Administration, Jan. 29 was the beginning of one of the most challenging stretches it has faced in decades. That night, in Washington, an American Airlines regional jet collided with an Army helicopter near Ronald Reagan National Airport, resulting in 67 deaths. In a news conference the next day, President Trump pointed … Read more

For years, journalists have written about the social media posts of government employees to help reveal the positions, motivations and actions of public officials. But when a journalist recently trained that same lens on Elon Musk’s new government efficiency program, the billionaire suggested that the reporting might be illegal, joining other powerful figures connected to … Read more

The Associated Press on Wednesday accused the White House of violating the First Amendment and called on the Trump administration to stop blocking its reporters from press events. Julie Pace, the executive editor of The A.P., said in a letter addressed to Susie Wiles, the White House chief of staff, that the White House had … Read more

Not so long ago, Taiwan basked in seemingly boundless, bipartisan support in Washington, where the island has long been regarded as a valiant democratic partner against China. Now, a few weeks into President Donald J. Trump’s second term, Taiwan is adjusting to a shift in its relationship with the United States, its primary backer — … Read more