The United States economy is starting to show signs of strain as President Trump’s abrupt moves to shrink federal spending, lay off government workers and impose tariffs on America’s largest trading partners rattle businesses and reverberate across states and cities. Funding freezes and firings of federal workers combined with the prospect of costly trade wars … Read more
The Republican Party won the last election in no small part because of its new appeal with working-class voters, a shift that left many in Washington wondering if a sustained political realignment was afoot. But the economic agenda Republicans are now putting together on Capitol Hill would by and large help rich Americans, all while … Read more
“Wheel of Fortune” and “Jeopardy!” are two of the biggest holdouts of the streaming revolution, available only on traditional broadcast television. Not for much longer. Sony Pictures Entertainment, the owner of the popular game shows, said on Thursday that it was soliciting bids from major media and tech companies for the streaming rights to new … Read more
The founding family of 7-Eleven’s Japanese parent company has failed to secure the money to buy it out, the company said Thursday, months after they launched a bid worth over $50 billion to fend off a foreign takeover. Seven & i Holdings, which sits atop a vast network of 85,000 convenience stores, primarily in Asia … Read more
Paramount, the parent company of BET, MTV and the Paramount film studio, on Wednesday said it was rethinking its approach to diversity, equity and inclusion amid a broader backlash toward D.E.I. policies driven by the Trump administration. In a note to employees obtained by The New York Times, Paramount’s co-chief executives said that they were … Read more
President Trump said on Wednesday that he would revoke a Biden-era policy that allowed more oil to be produced in Venezuela and exported, dealing a blow to the country’s government and Chevron, which produces oil there. Mr. Trump did not mention Chevron in his post on Truth Social, saying only that he would reverse concessions … Read more
Intuitive Machines landed a robot on the moon last year. Can the Houston company do it again, but keep the spacecraft upright this time? When the spacecraft, named Odysseus, set down on the moon last February, it managed to communicate with Earth even though it had toppled on its side. It was the first commercially … Read more
The European Commission on Wednesday proposed to substantially loosen the requirements on companies to report on the social and environmental impacts of their operations. The proposal would limit the rules to companies with more than 1,000 employees and revenue over 50 million euros ($53 million), which means that about 80 percent of companies currently covered … Read more
On Saturday morning in Culver City, Calif., Marie Hernandes finally found her eggs. A friend had asked for a vanilla birthday cake, so all week after work, she’d visited multiple stores — Ralphs, Target, Walmart — only to find the eggs sold out. Finally, an early-morning run to Costco landed her two 24-packs at $7.69 … Read more
