The Trump administration is facing pressure to protect the Federal Aviation Administration from further layoffs after hundreds of workers were fired over the weekend. The job cuts were part of a government restructuring under Elon Musk, an adviser to President Trump who is heading a cost-cutting initiative. Mr. Musk’s team has helped push through layoffs … Read more
Since 2023, Dr. Mehmet Oz, the celebrity doctor nominated by President Trump to head the Centers for Medicare and Medicaid Services, has been a high-priced pitchman for iHerb, a California supplement retailer. He has aggressively promoted iHerb products on social media, recommending supplements that he says will stimulate hair growth and provide smoother skin. Olive … Read more
President Trump recently ordered the U.S. Mint to stop producing pennies, for a simple-sounding reason. Each penny, he said, has “literally cost us more than 2 cents.” He’s right. Since 2006, the government has spent more money minting pennies than those pennies have been worth. The production costs of coins can be confusing. A nickel … Read more
The Federal Reserve pressed pause on interest rate cuts last month. The minutes from its January meeting suggest the hiatus is likely to be a long one. A record of the central bank’s Jan. 28-29 meeting, released on Wednesday, showed that officials have not written off rate cuts completely, and they still expect to lower … Read more
Anyone who wants to keep up with President Trump’s views knows to go to his Truth Social account. There, one finds his reasoning on a panoply of issues, including military strikes in Somalia, tariffs on Canada and Mexico, relations with Russia, the causes of a deadly aircraft collision, American ownership of the Gaza Strip and … Read more
We’re taking a look at President Trump’s plans to consolidate control over many of the agencies that oversee business, including the S.E.C., the Federal Trade Commission, the Federal Communications Commission and the National Labor Relations Board. For years, industry has complained about the alphabet soup of agencies, which often compete with one another. Some officials … Read more
Treasury Secretary Scott Bessent will skip a meeting of finance ministers and central bankers from the Group of 20 nations in Cape Town next week, according to people familiar with his plans, deepening the rift between the United States and South Africa over policies the Trump administration believes are anti-American. The decision to forgo such … Read more
KFC, the company so associated with Kentucky that state flags flew at half-staff when its founder Colonel Sanders died, is leaving the state. The company formerly known as Kentucky Fried Chicken will move its corporate headquarters and about 100 employees to Plano, Texas, from Louisville, Ky., its parent company, Yum Brands, said in a statement … Read more
Southwest Airlines on Monday announced plans to cut 1,750 jobs, the first broad layoffs in the airline’s 53-year history. The company said the cuts would mostly focus on corporate positions, accounting for about 15 percent of that work force. The layoffs will include 11 senior leaders with titles of vice president or higher, the airline … Read more
In the Wichita courtroom, Hanes offered his only public reflection on the bank collapse. Wearing a gray suit, he walked up to the lectern, glancing nervously at his former friends in the gallery. “I’m sorry,” he told the judge. Until the very end, he explained, he thought he was involved in a legitimate business deal. … Read more