Author: News Room

President Trump hosted an exclusive car show at the White House on Tuesday afternoon.The only company represented: Tesla. The only purpose: helping Elon Musk.With Tesla facing a backlash over Mr. Musk’s role in the Trump administration, the president said he wanted to buy one of the company’s electric vehicles. But Mr. Trump, always a salesman, did not just want to purchase a car. He wanted to hawk it and help out his friend, who also happens to be Tesla’s chief executive.The 30-minute confab was part news conference, part car commercial as Mr. Trump oscillated between answering questions — about the…

In Jim Ratcliffe’s telling, he’s the one doing the favor. A favor to the people of Manchester, to the British government and to the country more broadly.The billionaire co-owner of Manchester United on Tuesday pitched a new soccer stadium as crucial to the success of plans by Britain’s Labour Party to regenerate a large swath of the city the team calls home.Mr. Ratcliffe, Britain’s richest man, said a project to build a 100,000-seat venue next to Old Trafford, the club’s storied current home, would lure visitors to Manchester the way the Eiffel Tower brings throngs of tourists to Paris. He…

Markets whipsawed on Tuesday, as investors puzzled through President Trump’s commitment to tariffs, with stocks dropping in early trading before recovering late in the day.The S&P 500 index fell 1.5 percent at its low point before recovering some ground and ending the day 0.8 percent lower. Recent waves of selling have left the S&P 500 nearly 10 percent below its mid-February record. Falling more than 10 percent would signify a symbolic milestone known on Wall Street as a correction.Tuesday’s stock swoon followed Mr. Trump’s new threats of steep tariffs against Canada, with markets moderating hours later after a Canadian official…

The National Transportation Safety Board on Tuesday issued two urgent recommendations to reduce and reroute helicopter traffic around Ronald Reagan National Airport near Washington after a midair crash of a passenger jet and an Army helicopter in January killed 67 people.Jennifer Homendy, the investigative board’s chair, said that a review of air traffic at the airport from 2011 to 2024 found that an airplane alert was triggered at least once a month, instructing pilots to take emergency action to avoid hitting helicopters. Airline pilots are expected to follow the alerts, known as resolution advisories, over other commands, including air traffic…

President Trump made a lot of promises on the campaign trail last year. Investors and business leaders enthusiastically cheered some, like lower taxes and relaxed regulation, and expressed wariness about others, like tariffs and reduced immigration.But when Mr. Trump won the election, there was little sign of that ambivalence: Stock prices soared, as did measures of business optimism.Investors at the time offered a simple explanation: They believed Mr. Trump, backed by a Republican-controlled Congress, would follow through on the parts of his agenda that they liked and scale back the more disruptive policies like tariffs if financial markets started to…

Airlines flashed an early-warning signal on Tuesday, suggesting that consumers and businesses were starting to get nervous amid wider economic and political uncertainty.Several carriers cut their financial forecasts for the first few months of the year, saying that revenue would be weaker than expected. They pointed to a number of reasons: bad weather, high-profile plane crashes, and less spending by consumers, businesses and the federal government.“We just went through a little bit of a parade of horribles,” Ed Bastian, the chief executive of Delta Air Lines, said at the J.P. Morgan Industrials Conference on Tuesday morning.Delta, Southwest Airlines and American…

In his first meeting with top executives from PepsiCo, W.K. Kellogg, General Mills and other large companies, Robert F. Kennedy Jr., the health secretary, bluntly told them that a top priority would be eliminating artificial dyes from the nation’s food supply.At the Monday meeting, Mr. Kennedy emphasized that it was a “strong desire and urgent priority” of the new Trump administration to rid the food system of artificial colorings.In addition, he warned the companies that they should anticipate significant change as a result of his quest for “getting the worse ingredients out” of food, according to a letter from the…

While the slopes may still be open across much of North America, it’s time to think about next season.The major passes, including Epic and Ikon, as well as the smaller Mountain Collective, have recently announced sales for the 2025-26 season. The Indy Pass has already completed its early sales, although opportunities to purchase it will likely resurface later.Though the ski website SnowBrains found that most prices went up between 6 and 7 percent, spring sales are when passes are cheapest.“Now is the time to save and go skiing for under $100 a day,” said Dan Sherman, chief marketing officer at…

Trump faces an increasingly tough crowd President Trump won over Americans with a promise to return the country to “boom” times of low taxes and deregulation. Fifty days into office, he’s now pitching an economy in “a period of transition” for which he can’t rule out a recession.His stay-patient message may get tested on Tuesday, when he is set to meet with members of the Business Roundtable, whose ranks include influential C.E.O.s — many of whose companies’ stocks have been hit hard by tariff-fueled market fears.Stock futures are up a little n Tuesday — but still stung by Monday’s huge…

As Delaware lawmakers prepare to hold hearings tomorrow about a bill that could reshape corporate America, some of the biggest corporate law firms are coming out in favor of it.On Tuesday, 21 law firms — including Simpson Thacher and Bartlett; Cravath, Swaine & Moore; and Paul, Weiss, Rifkind, Wharton & Garrison — will publish a letter strongly supporting legislation that would override a series of decisions by the Delaware Court of Chancery. These rulings have prompted backlash from companies and led many, including Meta, to contemplate moving their incorporation outside the state.The bill is “an important step in maintaining Delaware’s…