Author: News Room
Americans are spending less at McDonald’s. Fewer container ships are expected at the Port of Los Angeles. Procter & Gamble is raising prices. Mattel is shifting production out of China.Evidence for the economic impact of President Trump’s trade wars is everywhere — except, for the most part, in economic data itself. Consumer spending hasn’t fallen. Layoffs haven’t risen. Businesses haven’t stopped investing in equipment or buying supplies.Economists say it is a matter of time before the impact of tariffs and the uncertainty that Mr. Trump’s on-again, off-again approach to trade policy has created begin to show up in the hard…
The Federal Reserve left interest rates unchanged for a third meeting in a row on Wednesday, as officials stuck to a wait-and-see approach amid heightened uncertainty about how significantly President Trump’s tariffs will raise inflation and slow growth.The unanimous decision to stand pat will keep interest rates at 4.25 percent to 4.5 percent. Rates have been there since December after a series of cuts in the second half of 2024.The Fed gathered at a highly volatile moment for the economy and the global financial system amid an onslaught of policy changes from Mr. Trump just months into his second term…
The Federal Reserve is expected to keep its key rate steady on Wednesday, after a series of cuts that lowered rates by a full percentage point last year.That means consumers looking to borrow are likely to have to wait a bit longer for better deals on many loans, but savers will benefit from steadier yields on savings accounts.The central bank is waiting for more clarity on the economic outlook and the impact of President Trump’s policies on tariffs, immigration and widespread federal job cuts. Mr. Trump has publicly attacked the Fed chair, Jerome H. Powell, and his colleagues for keeping…
The Federal Reserve is expected to keep its key rate steady on Wednesday, after a series of cuts that lowered rates by a full percentage point last year.That means consumers looking to borrow are likely to have to wait a bit longer for better deals on many loans, but savers will benefit from steadier yields on savings accounts.The central bank is waiting for more clarity on the economic outlook and the impact of President Trump’s policies on tariffs, immigration and widespread federal job cuts. Mr. Trump has publicly attacked the Fed chair, Jerome H. Powell, and his colleagues for keeping…
The Federal Reserve is expected to keep its key rate steady on Wednesday, after a series of cuts that lowered rates by a full percentage point last year.That means consumers looking to borrow are likely to have to wait a bit longer for better deals on many loans, but savers will benefit from steadier yields on savings accounts.The central bank is waiting for more clarity on the economic outlook and the impact of President Trump’s policies on tariffs, immigration and widespread federal job cuts. Mr. Trump has publicly attacked the Fed chair, Jerome H. Powell, and his colleagues for keeping…
President Trump’s trade war has created chaos for companies around the world, snarling supply chains, sowing uncertainty and muddling their ability to plan for the future.After announcing tariffs that started at 20 percent for nearly all imports from European Union members — and more on other countries — the president has scaled the rate to 10 percent until July, saying his administration will use the time to negotiate bilateral deals with America’s trading partners. At the same time, Mr. Trump has escalated a trade war with China, potentially squeezing European companies.We are a team of reporters who write about business…
The signs inside Terminal B at LaGuardia Airport told the story on Wednesday morning: “Real ID, Enhanced, Passport” with an arrow pointing to the right, and “All Others” with an arrow pointing to the left.After years of warnings and postponements, “all others” are no longer enough to make it past airport security checkpoints. Travelers are now required to flash a federally compliant Real ID, a passport or another approved form of identification to board domestic flights.Deadline day started off calmly at LaGuardia, with many passengers arriving up to three hours early, heeding warnings of delays or complications from the Real…
Americans, struggling with rising costs, have been looking for ways to cut back on nonessential spending. But Disney, so far at least, apparently does not count as a discretionary expense.The company, reporting results for its winter quarter on Wednesday, said operating profit at its domestic theme park division had climbed 13 percent from a year earlier, to $1.82 billion. Revenue increased 9 percent, to $6.5 billion. Park attendance was up. Hotel room bookings were up. And spending on merchandise and food was up.Disney also reiterated that its experiences division as a whole (including overseas parks, cruises, and games and other…
The most powerful home page in entertainment is about to look a lot different.Beginning next week, Netflix will introduce a new home page design for television screens, the company’s first serious makeover since 2013. The redesign, which features fewer titles but more video and animation, is intended to present a sleeker look and get “people to press play, and stay,” the company said.The last time Netflix debuted a major home page redesign, the streaming service had just over 30 million subscribers and was only starting to make its own original programs. It now has more than 300 million subscribers, has…
Mickey Mouse is headed to the Middle East.In a new test for its singularly American brand, the Walt Disney Company said on Wednesday that it had reached an agreement with the Miral Group, an arm of the Abu Dhabi government, to build a theme park resort on the Persian Gulf. The property, the seventh in Disney’s global portfolio, will have a castle and modernized versions of some classic Disney rides, along with new attractions tailored to the climate and local culture.“It’s not just about ‘If you build it, they will come,’” Robert A. Iger, Disney’s chief executive, said in brief…