Author: News Room

Joy Reid’s evening news show on MSNBC is being canceled, part of a far-reaching programming overhaul orchestrated by Rebecca Kutler, the network’s new president, two people familiar with the changes said.The final episode of Ms. Reid’s 7 p.m. show, “The ReidOut,” is planned for sometime this week, according to the people, who were not authorized to speak publicly. The show, which features in-depth interviews with politicians and other newsmakers, has been a fixture of MSNBC’s lineup for the past five years.MSNBC is planning to replace Ms. Reid’s program with a show led by a trio of anchors: Symone Sanders Townsend,…

Just a few minutes’ walk from a metro station in the northeast corner of Vienna, you might think that you were in Texas: A drilling rig more than 130 feet high looms over open land.Instead of oil, though, the wells will pump close to 1.7 million gallons a day of hot water from deep underground. The water’s heat will be used initially to warm 20,000 households in the Austrian capital. It will then be pumped back below the surface.This geothermal energy will reduce the city’s consumption of natural gas — an important consideration in Europe, and not just because it…

Kremlin officials are dangling the prospect of lucrative investment deals for American energy companies, apparently seeking to convince President Trump that large economic gains could come from siding with Moscow in ending the war in Ukraine and scrapping economic sanctions on Russia.There is no doubt that Russia has vast troves of oil and natural gas, but an effort to lure American or other Western energy companies to undertake Russian projects is likely to encounter skepticism, not least because of the companies’ recent history in Russia.Nevertheless, Kirill Dmitriev, a Kremlin financial official, expressed optimism last week about the prospect, pitching the…

Elon Musk, the chief executive of Tesla, has long tried to crack into the Indian automobile market and has confronted trade barriers that made that hard to do.Now, when Mr. Musk holds a position of power in the U.S. government as an aide to President Trump, there are signs that Tesla is making preparations to start selling electric cars in India.Tesla formed a local subsidiary in 2021 and established a relationship with India’s prime minister, Narendra Modi, a decade ago. The company has neither a manufacturing facility nor a concerted sales operation and has sold only a small number of…

Warren E. Buffett, the famed investor known for his enthusiasm for undervalued stocks and businesses, is feeling bullish these days about a traditionally staid investment: Treasury bills.The cash stockpile held by Berkshire Hathaway, his sprawling multinational conglomerate, rose past $334 billion at the end of last year, including $286 billion in short-term Treasuries. The conglomerate more than doubled its Treasury holdings from a year earlier, thanks in part to the cash generated by selling a big chunk of its stake in Apple.In his annual report and letter to shareholders, released on Saturday, Mr. Buffett defended Berkshire’s hoard, which he has…

The federal agency responsible for traffic safety, which has been investigating whether self-driving technology in Tesla vehicles played a role in the death of a pedestrian, will fire a “modest” number of employees, an agency spokesman said late Friday.The agency did not say whether any of the fired employees were involved in investigations of Tesla, whose chief executive, Elon Musk, is leading the Department of Government Efficiency established by President Trump.The efficiency department has been forcing layoffs at numerous government agencies as part of an effort to reshape the federal bureaucracy. Mr. Musk has retained control of Tesla while spending…

And while the two were both politically conservative, Welch was more of a country-club Republican, partial to golf and no fan — at least earlier on — of Donald Trump. While a savvy political operator, Welch was unlikely to have decamped to Mar-a-Lago to personally and intensely cozy up to the president-elect, as Musk did. (In 2016, Welch withdrew his support for Trump as the Republican presidential nominee, writing on social media, “Unfortunately, wrong messenger…Party must change nominee now.”)But the two shared a common business philosophy: Cut as much fat as possible.Welch believed G.E. had become too bureaucratic and bloated.…

President Trump’s keynote this week at a Saudi sovereign wealth fund’s conference in Miami Beach might have seemed like another jubilant pep rally attended by adoring fans and key lieutenants.Elon Musk sat in the front under a vast rotunda, not far from the real estate billionaire Steve Witkoff, now a White House special envoy to the Middle East, and Jared Kushner, the president’s son-in-law. All received shout-outs from Mr. Trump, and frequently laughed at the president’s early jokes during his 90-minute talk.But in the venue’s packed lobby, which had been repurposed as an overflow room with television screens set up…

Even by Washington standards, the second Trump presidency has begun in frenetic fashion: mass firings at federal agencies, tariff threats against allies and foes alike, and haggling over how to get a Republican budget through a narrowly divided Congress.Business leaders and corporate investors are confident that things will turn out fine, at least for them. “Markets aren’t showing all that much concern,” Jason Pride, chief of investment strategy and research at the Glenmede Trust Company, noted.But that could change, with high-stakes implications for the markets and the U.S. economic outlook.Investors fully expect the tax cuts from President Trump’s first term,…

The good news for cryptocurrency investors arrived just after 8 a.m. on Friday: Coinbase, the largest crypto marketplace in the United States, had reached a deal with U.S. regulators to dismiss a lawsuit that had hung over the industry for years.But within hours, the crypto market descended into a new crisis. At 10:51 a.m., Bybit, another leading crypto exchange, said it had been hacked — with industry analysts estimating the loss at nearly $1.5 billion, the largest theft in crypto history.The prices of Bitcoin, Ether and other major cryptocurrencies plunged. Even Coinbase’s share price had dropped 8 percent by the…