Author: News Room
Consumers, worried about the economy, are pulling back on their spending, and that anxiety is translating into lower sales and profits for some of the country’s largest consumer-oriented companies.On Thursday, PepsiCo cut its full-year guidance outlook, citing a reduction in consumer spending as well as the impact the beverage and snacks company is feeling from increased global tariffs.“Relative to where we were three months ago, we probably aren’t feeling as good about the consumer now,” Jamie Caulfield, the chief financial officer of PepsiCo, told Wall Street analysts and investors on an earnings call Thursday morning.The company, which manufactures Pepsi and…
Officials in the United States are urging Japan and South Korea to make a formal commitment within the next few weeks to a $44 billion natural gas project in Alaska.The effort, known as Alaska L.N.G., is a centerpiece of President Trump’s energy agenda, and aims to ship gas from northern Alaska in a liquefied form to nations in Asia. Its feasibility hinges on securing backing from the region, home to some of the world’s largest purchasers of liquefied natural gas.A group advising Mr. Trump on domestic energy production, the National Energy Dominance Council, is seeking to convene officials from the…
Every Monday, Maurine Gentis, a retired teacher, waits for a delivery from Meals on Wheels South Texas.“The meals help stretch my budget,” Ms. Gentis, 77, said. Living alone and in a wheelchair, she appreciates having someone look in on her regularly. The same group, a nonprofit, delivers books from the library and dry food for her cat.But Ms. Gentis is anxious about what lies ahead. The small government agency responsible for overseeing programs like Meals on Wheels is being dismantled as part of the Trump administration’s overhaul of the U.S. Department of Health and Human Services. Roughly half its staff…
Stock markets stalled on Thursday, after officials in China said they were not holding talks with the United States about easing trade tensions between the superpowers. That paused a two-day rally, as indexes continued to swing on comments and scraps of information about tariffs in the absence of concrete developments about the escalating global trade war.The S&P 500 inched up at the start of trading, but the moves were muted. The index has seesawed this week as investors reacted to remarks by President Trump, who said this week that he was prepared to be “very nice” in trade negotiations with…
Jason Kelce, a mellow mountain of a man, has spent most of his life fretting over offensive snaps.Now, a year into his retirement after 13 seasons as a center for the Philadelphia Eagles, Mr. Kelce has space to puzzle over other matters. Lately, he’s been thinking about sweatshirts and T-shirts. And he has thoughts. Lots of thoughts.“On the inside of a sweatshirt, I don’t like when it feels fuzzy,” said Mr. Kelce, speaking on a video call from his Philadelphia home in April, just a few days after the birth of his fourth daughter. He wants a “heavier-duty” sweatshirt, with…
Germany’s economy will not grow in 2025, the government said Thursday, scaling back a previous prediction as President Trump’s tariffs bite into Europe’s largest economy, leaving it stagnant for the third year in a row.In January, the German government had predicted 0.3 percent economic growth, but Mr. Trump’s tariffs of 25 percent on imported automobiles, steel and aluminum threaten to hit Germany’s export-oriented economy hard, as might the turbulence in the markets caused by the yo-yo nature of how the tariffs have been imposed.“The German economy, which is already suffering from weak foreign demand and reduced competitiveness, is particularly affected…
A quiet honor student who had recently graduated from Immaculate High School in Danbury, Veer Chetal was about to begin studying at Rutgers University in New Jersey. In 2022, he completed a “future lawyers” program, and a story that year on the Immaculate website showed a photo of a smiling kid with glasses wearing a Tommy Hilfiger windbreaker over a red polo.Classmates remember Chetal as shy and a fan of cars. “He just kind of kept to himself,” says Marco Dias, who became friends with Chetal junior year. According to another classmate named Nick Paris, this was true of Chetal…
Last year was tough for Acadia Healthcare, one of the country’s largest providers of mental health services.A slew of federal agencies opened investigations into whether Acadia illegally held patients against their will in its psychiatric hospitals, as described in a New York Times investigation in September. The federal inquiries rattled investors, causing Acadia’s stock to plummet.But Acadia’s troubles have been a boon to the company’s chief executive, Christopher Hunter. Its board of directors awarded him a $1.8 million bonus to help respond to “unprecedented governmental inquiries,” according to a financial filing this month. The bonus comes on top of his…
Her bedroom at home is pale pink. Over her bureau is a painting of a pink cassette tape that she bought in a market for about $20. Her boyfriend hates it, she said. She has been dating Arthur Donald, Paul McCartney’s grandson, for almost two years. They met when she and Ms. Kianni did a collaboration with Stella McCartney, his aunt. He lives in California and tries to come to New York for weekends. When he visits, she said, he takes the painting off the wall. They are looking for something to replace it.She is very online: She has almost…
Markets slipped on Thursday, reversing some of the gains from a heady two-day rally, after officials in China said they were not holding talks with the United States about easing trade tensions between the superpowers.Stocks in Asia were mixed, while benchmarks in Europe turned mostly lower in early trading. Futures for the S&P 500 fell about half a percent, suggesting that stocks would open lower in New York. The index has seesawed this week as investors reacted to comments about trade from President Trump, with a sharp sell-off on Monday followed by two days of sizable gains.“There are currently no…