NYT > Business

Condé Nast Shutters Self Magazine

The publishing giant is also closing the international editions of Glamour Magazine in Germany, Spain and Mexico.
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Despite Iran War’s Effects, PepsiCo Says Consumers Still Spending on Snacks

Executives at the food and drink giant announced a rise in sales of drinks and snacks but warned that “inflation will come.”
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White House Shrugs Off Shaky Economy as War Exceeds Trump’s Timeline

Stocks may be soaring again, but the war in Iran has started to pinch the finances of many Americans.
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Democrats Make Final Push to Delay Confirmation Hearing of Trump’s Fed Pick

Kevin M. Warsh is scheduled to testify on Tuesday despite an ongoing criminal investigation into the chair of the Federal Reserve that stands in the way of a smooth transition.
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What LIV Golf’s Demise Means for Saudi Influence

The upstart golf circuit couldn’t conquer the sport, despite big spending by Saudi Arabia. Its end signals limits to how much the country will spend.
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What the U.S. Blockade Means for Iran’s Economy

Putting a stop to Iranian shipping will further add to Iran’s economic pain, analysts said, but it might not be enough to force concessions or lessen the global energy crunch.
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European Airlines Face Fuel Shortages Within Weeks

If tankers do not soon begin crossing the Strait of Hormuz, airlines in Europe may not have enough jet fuel to operate all of their flights.
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Carbon Removal Industry Reels as Microsoft Retreats

Once held up as a key solution to climate change, a field that aims to remove carbon from the atmosphere is struggling to catch on.
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Help for Medicare Advantage Patients Who Lose Doctors Is Shelved, for Now

Nationwide, hospital and providers are leaving private Medicare Advantage plans, putting thousands of seniors at risk of higher costs and the loss of trusted doctors.
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Stocks Hold Gains as Oil Prices Edge Higher

Oil prices stabilized and stocks rose on optimism that diplomatic talks could yield a permanent peace deal.
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China’s G.D.P. Stronger Than Expected, Led by Infrastructure Spending

A steep slide in housing prices has left consumers less prosperous and less willing to spend, but the government is pouring money into new rail lines and other projects.
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Sneaker Company Allbirds Plans to Pivot to A.I. Yes, A.I.

After selling its business for $39 million last month, the company said it planned to buy powerful computer chips and rebrand itself NewBird AI.
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5 Takeaways From the Live Nation Antitrust Trial

A jury found that the concert giant operated as a monopoly, a verdict that could have major reverberations in the music industry.
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U.K.’s Starmer Summons U.S. Social Media Companies Over Child Safety Online

The British prime minister will meet with executives from Meta, Google and other companies on Thursday as his government explores how to protect children from online harms.
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Ford Says Doug Field, Who Led Company's E.V. Push, is Leaving

Doug Field, a former Tesla and Apple executive, had returned to Ford Motor in 2021 to help develop new electric models and software.
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Live Nation and Ticketmaster Illegally Monopolized Ticketing Market, Jury Finds

In a verdict that could have far-reaching consequences in the music industry, the live colossus that includes Ticketmaster was found to have violated antitrust laws.
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Trump’s Quest for More Sway Over Fed Faces Fresh Hurdles

Jerome H. Powell’s term as chair of the Federal Reserve ends on May 15, but it appears increasingly likely that he will stay on in some capacity at the central bank after that.
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S&P 500 Hits Record High as Stock Market Looks Beyond Iran War

Investors appear to be treating an end to the U.S.-Israeli war with Iran as a foregone conclusion, as the S&P 500 closes above 7,000.
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Snap Is Laying Off 16% of Full-Time Staff as It Embraces A.I.

The company, which owns the social media app Snapchat, said it was laying off about 1,000 employees as it increased its reliance on artificial intelligence.
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Debt Alarms Ring as Countries Rack Up More Emergency Spending

Amid signs of a prolonged period of high energy costs, policymakers are urging restraint as governments open up the public till to protect households and businesses.
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Iran-Linked Ships Slow or Stop as U.S. Navy Enforces Strait of Hormuz Blockade

More than a dozen U.S. Navy warships are enforcing a blockade on all vessels from all nations entering or leaving coastal areas or ports in Iran.
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That Meeting You Hate May Keep A.I. From Stealing Your Job

As artificial intelligence makes many tasks easier, the human work of cajoling, arm-twisting and reassuring appears to be rising in importance.
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Amid Iran War, Companies Look to Extend a Record Profit Run by Raising Prices

Higher inflation is leading companies to raise prices without sacrificing margins.
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Trump Threatens to Fire Powell if He Does Not Resign From Fed

Although Jerome H. Powell’s term as Fed chair officially ends on May 15, he can stay on as a governor until 2028 and said he would not leave until a criminal investigation was over.
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Trump Threatens to Fire Powell, Again

The new threat against the Fed chair comes ahead of a Senate confirmation hearing for Kevin Warsh, President Trump’s pick to lead the central bank.
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Trump Increased Tax Refunds, but a Political Challenge Still Looms

While last year’s tax law has raised the average I.R.S. refund, the boost is less than the White House expected — and may not have much impact on voters.
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Japan Pledges $10 Billion to Help Countries Cope With Oil Prices

With supply chains at risk, the aid to Southeast Asian nations is aimed at securing the availability of oil-based products, including medical equipment.
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11 Electric Cars Worth a Look as Gas Prices Soar

The war in Iran has auto shoppers sizing up electrics. Many strong cars are on the market, and there are bargains to be had when buying used.
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How Older Adults Are Using VR to Counter Social Isolation

New tools tailored for use in senior living communities allow for shared experiences and social bonding.
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War Exposes Gaps in India’s Clean Energy Push

The country’s creaking electricity grid is lagging behind its push for renewable sources — just as its growing economy hungers for oil stranded by war.
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Prosecutors Make Surprise Visit to Fed as Pirro Defends Investigation

The Justice Department’s criminal inquiry into the Federal Reserve threatens to delay the confirmation of the next chair.
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US Blockade Stops Iran-Linked Ships From Crossing Strait of Hormuz

U.S. Central Command said that six vessels had complied with directions to turn around and re-enter an Iranian port.
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N.F.L. Reporter Resigns From The Athletic Amid an Investigation

The publication, which is owned by The New York Times, was investigating the conduct of Dianna Russini after photographs showed her with the head coach of the New England Patriots.
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Amazon Buys Globalstar for $10.8 Billion, Movingto Expand Its Satellite Internet Service

The e-commerce giant is buying Globalstar, a satellite communications company, as it aims to expand its own satellite internet service to compete with Elon Musk’s Starlink.
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Bessent Questions the Cause of Climate Change and Its Economic Toll

The Treasury secretary said it is “difficult to deconstruct” the reasons for global warming, which he described as a belief of the “elite.”
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Pittsburgh Post-Gazette Saved From Closure by Nonprofit

The Venetoulis Institute of Local Journalism, which operates The Baltimore Banner, has bought The Post-Gazette. The newspaper was set to shut down next month.
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Ricky Cobb Has Built a Mini-Empire Through ’70s Nostalgia

Ricky Cobb has built a big online following with his irreverent postings about the absurdities of the 1970s.
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JPMorgan Sees Resilience in U.S. Economy Despite Iran War

The nation’s largest bank said it earned record trading profits in the first quarter but tempered expectations overall for its business.
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Kevin Warsh, Trump’s Pick for Fed Chair, Discloses Vast Wealth Ahead of Confirmation Hearing

Kevin M. Warsh vowed to divest a substantial amount of his more than $100 million in assets as he faces a complicated path to becoming the next chair of the Federal Reserve.
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Middle East War Will Slow Global Economic Growth, I.M.F. Warns

The conflict could also fuel another bout of inflation, according to the International Monetary Fund.
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What’s Driving the Wartime Stock Rebound

The S&P 500 has recouped all its losses since the Middle East war started on Feb. 28, as a bullish “vibe shift” takes hold among some investors.
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Oil Prices Drop and Stocks Approach Highs as Investors Eye Possible Path to Peace

Investors saw a possible path to peace, with the United States and Iran trading proposals for Iran to suspend nuclear activity.
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Trump’s Latest Oil Blockade Brings Bigger Economic Risks

Oil markets shrugged it off, but the effort to hurt Iran could provoke retaliation that inflicts more damage on energy assets and the global economy.
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Detroit Aims to Become Center of U.S. Drone Manufacturing

The state, known for making cars, is spending millions to entice drone manufacturers that can bring new business to auto suppliers.
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New Rules Hinder Foreign Firms From Moving Supply Chains From China

Multinationals in China are concerned that the regulations could allow authorities to penalize companies and executives for shifting supply chains away from the country.
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Netflix Leader Makes Rare Overture to Cinema Owners

Ted Sarandos attended a major movie theater conference for the first time and met with domestic and international owners, people familiar with the meetings said.
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Two Iran-Linked Ships Passed Through Strait of Hormuz Ahead of U.S. Blockade

The vessels exited the Strait of Hormuz on Monday, hours before a U.S. naval blockade took effect.
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Shipping Companies Remain Reluctant to Sail Through Strait of Hormuz

The United States said it has started to block vessels doing business with Iran from the strait. Details on how that would work are unclear.
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Trump Administration’s Temporary Reprieve on Russian Oil Expires

A sanctions waiver aimed at keeping global oil prices down had allowed Moscow to sell oil currently at sea.
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Judge Dismisses Trump’s Suit Over WSJ Report on Birthday Card to Epstein

The judge said President Trump had not “plausibly alleged” that The Journal published the article with actual malice.
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