Whether he is speaking to retirees, corporate executives or tipped workers, former President Donald J. Trump has made a habit of promising tax cuts that could cost trillions.When it comes to tax policy, former President Donald J. Trump has appeared in recent w... More »
Wade Davis led an acquisition of Univision in 2020, buying out a consortium of private-equity owners.TelevisaUnivision, the influential producer and broadcaster of Spanish-language television, is weighing a plan to immediately replace its chief executive, Wade... More »
The moment consumers have been waiting for is finally here: The Federal Reserve cut its key interest rate by half a percentage point Wednesday.The rate now stands at about 4.9 percent, and some economists think it could fall another half a percentage point bef... More »
Updated Reporting from WashingtonThe Federal Reserve cut interest rates on Wednesday by a half percentage point, an unusually large move that signals central bankers think they are winning their war against inflation and are now turning attention to keeping th... More »
After more than a year of waiting, hoping and assuring Americans that the economy could pull off a so-called “soft landing,” President Biden and Vice President Kamala Harris appear to be on the brink of seeing that happen.Inflation has cooled. Economic growth ... More »
The French government, which missed a deadline this week to set a blueprint to lower its debt and deficit, is struggling to meet fiscal requirements set by the E.U.France’s new prime minister said Wednesday that the country’s finances were in critical conditio... More »
The aerospace giant said it would temporarily lay off tens of thousands of employees to stem losses from a walkout by the machinists’ union.Boeing will start furloughing tens of thousands of employees in the coming days as it seeks to blunt the effects of a st... More »
He weathered the storm as the city’s chief financial officer for 16 years and jousted with Mayor Koch in a public feud and a losing primary bid to replace him.Harrison J. Goldin, who as New York City’s comptroller for 16 years became enmeshed in the city’s bru... More »
Federal Reserve officials are scheduled on Wednesday to announce an interest-rate decision and release a fresh set of economic projections.Policymakers have held interest rates in a range of 5.25 to 5.5 percent since July 2023, after lifting them sharply start... More »
Federal Reserve officials do not answer to the White House and they insist that they do not take politics into account when they are setting interest rates. But because borrowing costs have a big effect on the economy and the nation’s economic vibe, the centra... More »
The airline’s chief executive, Ben Minicucci, said in an interview that closing its acquisition of Hawaiian Airlines would allow it to expand, including on international routes.The chief executive of Alaska Airlines, Ben Minicucci, has big plans. Now, he has a... More »
After months of divergence, the Federal Reserve is expected on Wednesday to join other major central banks in cutting interest rates.Across Europe, central bankers have already begun the process of easing up on the aggressive stances they took in recent years ... More »