Your Pulse On America: Live And Unfiltered
Yale University’s famed endowment has been trying to offload one of the largest portfolios of private equity investments ever in a single sale, a move that reflects the pressures on both Wall Street and higher education under the Trump administration. The Ivy League school has sought buyers for up to $6 billion in stakes in…
The United States’ loss of its last triple-A credit rating and mounting concerns about government debt are threatening to disrupt the relative calm in financial markets that has prevailed since President Trump began pausing tariffs early last month. One factor jarring markets is a bill in Congress that would make Mr. Trump’s signature 2017 tax…
Send questions about the office, money, careers and work-life balance to workfriend@nytimes.com. Include your name and location, or a request to remain anonymous. Letters may be edited. ‘Double-Dipping’ Holidays I oversee a team of five and have one Jewish employee who takes off Jewish holidays, like Passover and Yom Kippur. I treat those holidays like…
The World Economic Forum, the organization behind the annual gathering of world leaders in Davos, Switzerland, is investigating allegations of improper behavior by its founder, Klaus Schwab. The board of the World Economic Forum opened an inquiry into Mr. Schwab in April after receiving a letter, anonymously attributed to current and former staff members, claiming…
The strategy is an old one for Republicans: Cut taxes for a few years, avoiding the need to account for their cost over the long term, and bet that the reductions become popular enough that Congress will later vote to continue them. The tax bill that Republicans are now putting together on Capitol Hill takes…
Newark Liberty International Airport has faced many disruptions in recent weeks. Technology outages, air traffic controller shortages and runway construction at the busy hub have led to scores of canceled and delayed flights. The Federal Aviation Administration says it’s trying to improve the situation, including with software and hardware upgrades. On Wednesday, it met with…
Before the sun could rise over Los Angeles International Airport on a recent Tuesday, hundreds of Uber and Lyft drivers had formed a queue nearby, stretching around the block. It was 5 a.m., and the waiting game was about to begin. In a few minutes, the line of cars would file into a fenced-off parking…
Burberry, the British fashion brand known for its trench coats and signature checkered print, said on Wednesday that it would slash up to 1,700 jobs in a bid to cut costs as it tries to return to profit after a period of poor sales in an increasingly volatile luxury sector. The job cuts, which represent…
It’s not Max. It’s HBO Max — again. In a surprise pivot, Warner Bros. Discovery executives announced Wednesday morning that the streaming service Max would be renamed HBO Max, reinstating the app’s old name and abandoning a contentious change that the company introduced two years ago. The reason for the change, executives explained, was straightforward….
Sales of electric vehicles have been rising in recent years, partly because of a $7,500 tax credit from the federal government that helps lower the cost of buying one. But a budget bill that House Republicans released on Monday would end that tax credit. Their proposal would also put new restrictions on other tax breaks…