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Bessent Questions the Cause of Climate Change and Its Economic Toll18:35 The Treasury secretary said it is “difficult to deconstruct” the reasons for global warming, which he described as a belief of the “elite.” Pittsburgh Post-Gazette Saved From Closure by Nonprofit17:31 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. Ricky Cobb Has Built a Mini-Empire Through ’70s Nostalgia16:59 Ricky Cobb has built a big online following with his irreverent postings about the absurdities of the 1970s. J.P. Morgan Sees Resiliency in U.S. Economy Despite Iran War16:26 The nation’s largest bank said it earned record trading profits in the first quarter but tempered expectations overall for its business. Trump’s Fed Pick Warsh Discloses Vast Wealth Ahead of Confirmation Hearing16:26 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. Middle East War Will Slow Global Economic Growth, I.M.F. Warns15:21 The conflict could also fuel another bout of inflation, according to the International Monetary Fund. What’s Driving the Wartime Stock Rebound14:17 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. Oil Prices Slip and Stocks Gain as Investors Eye Possible Path to Peace11:36 Investors saw a possible path to peace, with the United States and Iran trading proposals for Iran to suspend nuclear activity. Trump’s Latest Oil Blockade Brings Bigger Economic Risks11:36 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. Detroit Aims to Become Center of U.S. Drone Manufacturing11:36 The state, known for making cars, is spending millions to entice drone manufacturers that can bring new business to auto suppliers. New Rules Hinder Foreign Firms From Moving Supply Chains From China6:48 Multinationals in China are concerned that the regulations could allow authorities to penalize companies and executives for shifting supply chains away from the country. Netflix Leader Makes Rare Overture to Cinema Owners6:48 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. Shipping Companies Remain Reluctant to Sail Through Strait of Hormuz13.dubna The United States said it would begin blocking vessels doing business with Iran. Details on how that would work are unclear. Trump Administration’s Temporary Reprieve on Russian Oil Expires13.dubna A sanctions waiver aimed at keeping global oil prices down had allowed Moscow to sell oil currently at sea. |
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