Subscribe to Updates
Get the latest business and finance news for entrepreneurs all around the world.
Author: News Room
Gov. Gretchen Whitmer of Michigan, a leading Democrat from a critical battleground state, on Wednesday subtly warned against President-elect Donald J. Trump’s tariff threats targeting Canada, even as she stressed her broader willingness to work with him on the cusp of his second inauguration.Her speech, at the Detroit Auto Show, offered among the clearest examples yet of how Democrats from states that Mr. Trump carried are seeking to balance fresh overtures to the incoming president with their staunch opposition to some of his policy proposals.Speaking at a convention center just across the Detroit River from Windsor, Ont., Ms. Whitmer described…
Mark Zuckerberg, the Meta chief executive who has tried to keep a distance from politics, is warming to President-elect Donald J. Trump.Mr. Zuckerberg is among several Big Tech executives who are expected to be front and center at Mr. Trump’s inauguration next week. He will be one of four hosts of a black-tie reception on Jan. 20, joining the longtime Republican donors Miriam Adelson and Todd Ricketts in hosting a party “celebrating the inauguration of President Donald J. Trump and Vice President JD Vance,” according to a copy of the invitation seen by The New York Times. The event was…
Consumer prices rose more quickly in December, the latest sign that the Federal Reserve’s fight against inflation may have stalled.The Consumer Price Index rose 0.4 percent from November, and was up 2.9 percent from a year earlier, the Labor Department said on Wednesday. It was the fastest one-month increase in overall prices since February, driven in part by another sharp rise in the price of eggs and other groceries.The “core” measure of inflation, which strips out volatile food and fuel prices to give a better sense of the underlying trend, was more encouraging: The index rose 3.2 percent from a…
Vivek Ramaswamy is the less famous and less wealthy half of the duo of billionaires that President-elect Donald J. Trump has designated to slash government costs.His better-known co-leader, Elon Musk, stands to benefit from the job in ways that are numerous and glaring. Mr. Musk’s companies have tremendous influence, billions of dollars in government contracts and ongoing battles with federal regulators.Less attention has been paid to the potential conflicts that could stem from Mr. Ramaswamy’s complex web of financial interests, which span biotechnology, finance and other holdings.At 39, he is one of the world’s youngest billionaires, having made his fortune…
The government of Albania has given preliminary approval to a plan proposed by Jared Kushner, Donald J. Trump’s son-in-law, to build a $1.4 billion luxury hotel complex on a small abandoned military base off the coast of Albania.The project is one of several involving Mr. Trump and his extended family that directly involve foreign government entities that will be moving ahead even while Mr. Trump will be in charge of foreign policy related to these same nations.The approval by Albania’s Strategic Investment Committee — which is led by Prime Minister Edi Rama — gives Mr. Kushner and his business partners…
“Please just keep in mind,” Nikki Glaser exhorted Hollywood’s A-list while hosting the Golden Globes last week: “The point of making art is not to win an award. The point of making art is to start a tequila brand so popular that you never have to make art again.” The stars arrayed before her chuckled.They were laughing at themselves.Among them was Selena Gomez. The actress, doubly nominated that evening for her roles in “Only Murders in the Building” and “Emilia Pérez,” has become a beauty tycoon with her popular makeup company, Rare Beauty. Ariana Grande, seated nearby, owns a cosmetics…
We’ve published a new interactive map of the 2024 election that shows results by precinct, the most detailed vote data available. The New York Times is also releasing this data set for others to use.The map allows most Americans to look up how their city, neighborhood and even their block voted in the race between Donald J. Trump and Kamala Harris, and see how vote margins have shifted since 2020. It currently includes results for more than 110,000 precincts, or 73 percent of all votes, and will be updated as more data is collected.We encourage readers to look up their…
The federal government sued Southwest Airlines on Wednesday, accusing the airline of harming passengers who flew on two routes that were plagued by consistent delays in 2022.In a lawsuit, the Transportation Department said it was seeking more than $2.1 million in civil penalties over the flights between airports in Chicago and Oakland, Calif., as well as Baltimore and Cleveland, that were chronically delayed over five months that year.“Airlines have a legal obligation to ensure that their flight schedules provide travelers with realistic departure and arrival times,” the transportation secretary, Pete Buttigieg, said in a statement. “Today’s action sends a message…
TikTok sought to assure its U.S. employees on Tuesday that they will still have jobs next week even if the Supreme Court upholds a law that would see the video app banned in the United States on Sunday.The message is a shift in tone from TikTok, which has otherwise said it is confident it will emerge victorious from its legal challenge to the law. It also shows the company is not planning to leave the United States in the near term, even if it is banned.TikTok, owned by the Chinese company ByteDance, is fighting a law from last year that…
Jeffrey Epstein’s once vast estate — art, jewelry, lavish properties and investments — was meant to be drained by settlements to his many sexual abuse victims and payments to resolve other legal claims. But now it appears that two of his most loyal business associates, who are serving as executors of his estate, stand in line to potentially reap a big benefit.At one point, one of those executors predicted the estate would shrink to less than $40 million from its original $600 million once all the payments were made. But after a $111.6 million tax refund from the Internal Revenue…