On Sunday evening, as well-heeled guests trickled out of a screening of “Becoming Katharine Graham,” a documentary on the fabled former Washington Post publisher, they couldn’t help but remark on how much has changed at the paper, and in Washington. Under Ms. Graham, from 1963 to 1991, the publication transformed itself from a regional newspaper … Read more
Stocks fell sharply on Monday afternoon after President Trump affirmed tariffs on imports from Canada and Mexico, dashing investors’ hopes of a last-minute reprieve and intensifying concern that the sweeping tariffs could hit corporate profits and fuel inflation. The S&P 500 fell 1.8 percent, the index’s biggest daily drop this year. The technology-heavy Nasdaq fell … Read more
Elon Musk’s Department of Government Efficiency has deleted hundreds more claims from its mistake-plagued “wall of receipts,” erasing $4 billion in additional savings that the group said it had made for U.S. taxpayers. Late Sunday night, the group erased or altered more than 1,000 contracts it had claimed to cancel, representing more than 40 percent … Read more
President Trump campaigned on a promise to bring down interest rates. And he has fulfilled that pledge in one key way, with U.S. government bond yields falling sharply. But the reason for the drop is an unnerving one: Investors appear to be more on edge about the outlook for the economy. Treasury Secretary Scott Bessent … Read more
At the biggest toy industry trade show in the Western Hemisphere this weekend, toy makers, as usual, displayed seemingly endless rows of stuffed animals, action figures and puzzles, hoping to entice retailers to pick their products. But this year, the chatter at Toy Fair New York was dominated not by the next Barbie, but a … Read more
European defense stocks soared on Monday after the region’s leaders vowed to take on “the heavy lifting” of defending Ukraine from Russia. The rally comes as the three-year-old war appears set to move into a new stage after an Oval Office blowup on Friday put President Volodymyr Zelensky of Ukraine on the outs with President … Read more
There is the theory that President Trump is still bitter about his Canadian hotel ventures that went bust. Some, on social media, have speculated that a 2019 photograph in which Justin Trudeau appeared poised to kiss Melania Trump, the first lady, at a Group of 7 gathering in France, left Mr. Trump with a grudge … Read more
The grocery chain Kroger said on Monday that its chief executive, Rodney McMullen, resigned after a board investigation of his personal conduct. Mr. McMullen’s conduct was not related to the company’s financial performance or its operations, Kroger said in a news release, but it was “inconsistent” with the company’s business ethics policy. His actions did … Read more
Eugene Daniels didn’t plan on being the face of the White House press corps in the dawn of a new administration hostile to the news media. But because of a clause in the bylaws of the White House Correspondents’ Association, an 800-strong group of journalists who report on the president, he was next in line … Read more
The consequences of a crypto reserve Cryptocurrencies are again riding high, after President Trump announced that he would create a national crypto reserve with five tokens, including three lesser-known and highly volatile ones. It’s the latest boost that Trump has given the crypto industry, which spent some $130 million backing him and other Republicans. But … Read more