Business

Business

Earnings Fall Short at Bank of America, Citi, JPMorgan and Wells Fargo

This week, Bank of America, Citi, JPMorgan and Wells Fargo released fraught earnings reports as President Trump’s threatened cap on credit card rates loomed large.

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Trump Vows to Make Venezuela Rich. It Will Take More Than U.S. Cash.

History suggests that the price of oil and a wider distribution of wealth are as important as foreign investment.

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Verizon Outage Cuts Off Tens of Thousands of Users

The outage lasted for more than six hours before it was resolved late Wednesday. The cause was not immediately clear.

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Where Did All the American-Born Roofers Go?

The real story of how immigrant labor came to define the construction industry.

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Trump Credits ‘Mister Tariff’ for the Country’s Strength. Economists Beg to Differ.

Many indicators appear to suggest that the United States is growing despite tariffs, not because of them.

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China Announces Record Trade Surplus as Its Exports Flood World’s Markets

China’s surplus reached $1.19 trillion, a 20 percent increase from 2024, according to data released by the country’s General Administration of Customs.

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CPI Report Shows Inflation Remained Steady at 2.7% in December

Surging grocery prices were offset by lower increases for appliances and vehicles in the last such report before the Federal Reserve meets to debate interest rates.

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Venezuela’s Oil Riches Are Years Off, but Winners and Losers Will Emerge

Companies that already have operations in the country stand to benefit, but those that have profited from a standoff between Caracas and Washington could lose out.

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Labor Secretary’s Aides Placed on Leave in Misconduct Investigation

The Labor Department is investigating a complaint alleging misconduct by Secretary Lori Chavez-DeRemer.

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Trump Administration Nears Trade Deal With Taiwan

The deal would cut tariffs and include a commitment from Taiwanese Semiconductor Manufacturing Corporation, the island’s chip giant, to build more manufacturing plants in the United States.

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