Author: News Room

Who’s in the room President Trump’s tariff policy has given corporate chiefs and investors a serious case of whiplash. While the markets cheered on Wednesday’s delay on auto sector levies, setting off an impressive late-day rally, the move also adds to the confusion about what comes next.The latest: There’s increasing buzz that agricultural products are next in line for tariff relief, as the president faces intense lobbying from his party. And the release on Wednesday of the Fed’s beige book survey of regional activity showed that companies were growing worried that the levies would push up prices.One school of thought…

Fighting off a takeover by a Canadian rival, the Japanese parent company of 7-Eleven announced a major business shake-up that included the appointment of its first foreign-born chief executive.Seven & i Holdings said on Thursday that Stephen Dacus, 64, a member of the company’s board of directors and longtime retail executive from the United States, will be its next C.E.O. It also said that it is planning to hold an initial public offering of its U.S. convenience store business, which operates more than 13,000 7-Eleven branches in the country.The moves are the company’s latest attempt to prevent itself from being…

Ignacio Vasquez spent the last year saving money for tickets to Beyoncé’s Cowboy Carter tour, which will kick off next month. Mr. Vasquez, 20, a full-time student from Modesto, Calif., was on the lookout for tickets to one of the tour’s five shows at SoFi Stadium in Los Angeles for him and his sister.“I went to go see Beyoncé on the Renaissance tour, and since I knew this was coming up, I knew I had to be saving,” Mr. Vasquez said.On Feb. 11, Mr. Vasquez got on Ticketmaster’s online queue for the BeyHive presale, offered exclusively to those who signed…

As the United States grapples with the upheaval unleashed by the Trump administration, many Chinese people are finding they can relate to what many Americans are going through.They are saying it feels something like the Cultural Revolution, the period known as “the decade of turmoil.” The young aides Elon Musk has sent to dismantle the U.S. government reminded some Chinese of the Red Guards whom Mao Zedong enlisted to destroy the bureaucracy at the peak of the Cultural Revolution. Upon hearing President Trump’s musing about serving a third term, they joked that China’s leader, Xi Jinping, must be saying, “I…

In the weeks since President Trump has taken office, he has pushed to unleash oil and gas production and has signed executive orders halting the country’s transition to renewable energy.But in Washington State, a government-led effort has just started to build what is expected to be the country’s largest solar generating station. The project is finally inching forward, after decades of cleaning up radioactive and chemical waste in fits and starts, at the Hanford Nuclear Reservation, a sweep of desert that was pivotal to the nation’s weapons arsenal from 1943 until it was shut down in 1989. A developer, Hecate,…

Two people accused of stealing and reselling more than 900 tickets to the Taylor Swift Eras Tour and other marquee events are facing criminal charges for their role in the scheme, New York prosecutors said.Several people were involved in hacking into the computer system of the online ticket-sales platform StubHub starting in the summer of 2022, the Queens district attorney, Melinda Katz, said in a news release on Monday. They then resold the tickets on the same platform for a profit, which added up to $635,000.Tyrone Rose, 20, of Kingston, Jamaica, and Shamara P. Simmons, 31, of the New York…

Novo Nordisk will cut the price of its blockbuster weight loss medication Wegovy to $499 per month for certain patients who pay using their own money instead of going through insurance, the drug maker said on Wednesday.The move could cause more patients to start taking the drug. But the impact stands to be limited, because the decision does not lower prices for patients who get their health insurance through government programs or for employers that are struggling with the huge costs of medications like Wegovy, which have revolutionized the treatment of obesity.To be eligible for the reduced price, patients must…

Oil prices swooned on Wednesday as economic uncertainty rippled through global markets, a reaction to President Trump’s tariffs on Canada, China and Mexico and a decision by members of the OPEC Plus oil cartel to begin increasing crude production in April.Since last year, OPEC Plus has signaled its intention to pump more oil, but doing so now in the midst of turbulence from a trade war between the United States and various partners surprised some analysts.“Analysts were thinking they would surely defer the increases given the macroeconomic threat from tariffs,” said David Fyfe, chief economist of Argus Media, a London…

About 36.6 million Americans watched President Trump live on television on Tuesday night, tuning in for his 100-minute speech to a joint session of Congress — the longest of its kind in the modern era.Nielsen, the ratings agency, said the live television audience for Mr. Trump’s wide-ranging and often pugilistic address was up 13 percent from former President Joseph R. Biden Jr.’s final State of the Union speech a year ago.The annual presidential speech to Congress is one of the last remaining mass-audience media moments available to a national politician. Mr. Trump, a connoisseur of television and a former star…

President Trump said on Wednesday that he would pause tariffs on cars coming into the United States from Canada and Mexico for one month, after a 25 percent tariff that he placed on America’s closest trading partners a day earlier roiled stock markets and prompted stiff resistance from industry.Karoline Leavitt, the White House press secretary, read a statement from Mr. Trump on Wednesday saying that White House had spoken with the three largest auto makers, and that a one-month exemption would be given to cars coming in through United States-Mexico-Canada Agreement.“At the request of the companies associated with U.S.M.C.A., the…