Stocks Hit Record High a Day After Fed’s Big Interest Rate Cut
The S&P 500 rose 1.7 percent on Thursday, rallying a day after the Federal Reserve cut interest rates by half a percentage point.
By Joe Rennison and
Business
Highlights
CreditKarl Russell America’s Inflation Fight Is Ending, but It’s Leaving a Legacy
As inflation cools and the Federal Reserve cuts rates, an era of economic upheaval is coming to a close, but not without lingering marks.
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CreditAudra Melton for The New York Times Trump Media Stock Tumbles as Big Shareholders Are Soon Free to Sell
Donald J. Trump, the company’s largest shareholder, has said he won’t sell when a lockup agreement expires on Thursday. But other large investors could.
By
CreditDaniel Ribar for The New York Times On YouTube, Major Brands’ Ads Appear Alongside Racist Falsehoods About Haitian Immigrants
Large organizations and brands saw their advertising dollars funneled to videos amplifying inflammatory narratives, underscoring how difficult it can be to maintain brand safety online.
By Tiffany Hsu and
CreditAnastasiia Sapon for The New York Times
Interest Rates Fall, but Central Banks Are No Longer in Lock Step
Officials in some countries started cutting rates last year, but others, including those in Europe and the United States, have taken a more cautious approach.
By Eshe Nelson and
CreditThe New York Times Backlash Erupts Over Europe’s Anti-Deforestation Law
Leaders around the world are asking the European Union to delay rules that would require companies to police their global supply chains.
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CreditVictor Moriyama for The New York Times What the Fed’s Big Rate Cut Reveals About the Economy
Investors have sent stocks and bonds higher on expectations of a soft landing. But some Republicans think the central bank overstepped its bounds.
By Andrew Ross SorkinRavi MattuBernhard WarnerSarah KesslerMichael J. de la MercedLauren Hirsch and
CreditRichard Drew/Associated Press DealBook NewsletterThreats Against Haitians Land at the Doorstep of The Haitian Times
Racist emails. Swatting. Intimidated sources. The Haitian Times has been receiving some of the same threats that it has been covering in Springfield, Ohio.
By
CreditKaiti Sullivan for The New York Times 30-Year Mortgage Rate Drops to 6.09% After Fed Rate Cut
The decline in mortgage costs, influenced by expectations of the Federal Reserve’s rate moves, could revive interest in buying, selling and remortgaging, economists said.
By
CreditFreddie Mac
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Tupperware (the Brand) May Fail. Tupperware (the Word) Will Survive.
The company behind the resealable containers filed for bankruptcy, but the term outgrew its origins decades ago.
By Scott Cacciola
Nike C.E.O. John Donahoe Abruptly Retires Amid Declining Sales
Elliott Hill, an executive who left the company after Donahoe’s appointment in 2020, will return as chief executive, Nike’s board said.
By Jordyn Holman and Julie Creswell
Travel Docs Update: Online Passport Renewal and Digital Driver’s Licenses
New options have arrived, for both U.S. passports and driver’s licenses, that may give travelers more flexibility.
By Christine Chung
Nintendo and Pokémon Sue Palworld Maker for Patent Infringement
Palworld, a video game mocked as “Pokémon with guns,” became one of the most popular games in the world when it was released in January.
By Amanda Holpuch
Interest Rates Fall, but Central Banks Are No Longer in Lock Step
Officials in some countries started cutting rates last year, but others, including those in Europe and the United States, have taken a more cautious approach.
By Eshe Nelson and Karl Russell
Disney Animation Boss Steps Down to Focus on ‘Frozen’ Sequels
Walt Disney Animation Studios is replacing Jennifer Lee, its chief creative officer, after an uneven six-year tenure.
By Brooks Barnes
Amazon Joins Hollywood’s Top Lobbying Group
The Motion Picture Association has been wooing the company for years. The addition gives the group a lot more muscle.
By Brooks Barnes
DealBook NewsletterWhat the Fed’s Big Rate Cut Reveals About the Economy
Investors have sent stocks and bonds higher on expectations of a soft landing. But some Republicans think the central bank overstepped its bounds.
By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni
Bank of England Holds Rates Steady but Signals Gradual Easing
The British central bank has emphasized its intention to move steadily to ensure that inflation continues to slow.
By Eshe Nelson
Axel Springer Strikes Deal With KKR to Split Up Publishing Giant
The deal values all of Axel Springer at roughly $15 billion, with the company’s publishing assets worth about $4 billion.
By Benjamin Mullin and Lauren Hirsch
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