Jerome H. Powell, chair of the Federal Reserve, said the central bank is focused on the “net effect” of President Trump’s sweeping economic agenda amid high uncertainty about which policies will actually be enacted, as he reiterated that officials are still not in a “hurry” to adjust interest rates. “As we parse the incoming information, … Read more
In the packed Paris courtroom, the corporate magnate portrayed himself as a successful business leader who had labored to turn LVMH into the world’s top luxury conglomerate, with 75 brands, including Louis Vuitton and Dior, and 200,000 employees worldwide. When Mr. Arnault first took over the company in the 1980s, it had just 10,000 employees. … Read more
House prices are stubbornly high, and mortgage rates remain substantially above their prepandemic level. Now, with the spring home buying season looming, shoppers have a new worry: A major federal consumer watchdog has been hobbled. Without the Consumer Financial Protection Bureau, the agency responsible for overseeing most aspects of the home buying process, consumer advocates … Read more
Meltdown The markets have spoken. The S&P 500 is on track for its worst weekly loss since the collapse of the Silicon Valley Bank crisis two years ago. And investors have wiped out post-Election Day gains as President Trump’s dizzying start-stop tariff policy fuels volatility on trading floors and in boardrooms. Another test comes this … Read more
The U.S. stock market is headed for one of its worst weeks in many months, after a series of dizzying policy shifts on tariffs from the White House. A fresh jobs report on Friday will provide a crucial reading on the strength of the economy, which has become a growing worry for investors. Futures on … Read more
Damon Hininger, the chief executive of CoreCivic, which operates private prisons and immigrant detention centers, opened an investor call last month on a buoyant note. “I’ve worked at CoreCivic for 32 years, and this is truly one of the most exciting periods in my career,” he said, adding that the company was anticipating in the … Read more
A “Friday evening matinee?” To quote the Gershwins, it ain’t necessarily so. But that’s how modern artificial intelligence suggested I hit Broadway. When I was asked to see what A.I. gets right and wrong about visiting New York City, I was deeply curious and felt well qualified for the assignment — I’ve been a resident … Read more
This article is part of a Women and Leadership special report highlighting women who are charting new pathways and fighting for opportunities for women and others. Growing up in Beirut, Lebanon, Lina Abou-Habib regularly faced discrimination because of her gender and witnessed inequality for women, she said. “People think of Lebanon as a contemporary, open … Read more
What are some specific examples of changes you’ve implemented? I canceled our big standing acquisitions meetings, along with other reports and forms, as they didn’t serve our purpose of connecting more books to readers. Marketing and publicity directors came to editorial meetings, which before were only editorial. I hired 24 new people, which is reflected … Read more
This article is part of a Women and Leadership special report highlighting women who are charting new pathways and fighting for opportunities for women and others. Last year, $178 billion in venture capital was invested in U.S. companies, but only 19 percent of those investment decisions were made by women, according to the capital markets … Read more