Business

Washington CNN  —  President Donald Trump has blasted Federal Reserve Chair Jerome Powell for months for not lowering interest rates, even threatening to fire the central banker. Now, the White House is seizing on a $2.5 billion renovation of the Fed’s headquarters in Washington, DC, as a potential legal opening to fire Powell as Trump calls for supersized rate cuts. …

The world is on the brink of a breakthrough in the climate fight and fossil fuels are running out of road, the UN chief said on Tuesday, as he urged countries to funnel support into low-carbon energy. More than nine in 10 renewable power projects globally are now cheaper than fossil fuel alternatives. Solar power is about 41% cheaper than …

Air India Finds ‘No Issues’ After Inspections of Boeing Fuel Switches  The New York Times Air India crash report: Cockpit voices fuel controversy over doomed flight  BBC Air India says completed inspection of fuel switch locking system on Boeing fleet, no issues found  The Hindu Air India completes check of all Boeing planes, says no issues found  Hindustan Times ‘No issues found’: Air India …

A Kohl’s store in Pleasant Hill, California, US, on Monday, Nov. 25, 2024. Kohl’s Corp. is expected to release earnings figures on November 26. Bloomberg | Bloomberg | Getty Images Shares of Kohl’s surged on Tuesday morning in volatile trading that echoed the meme stock rallies of recent years. The legacy department store’s stock more than doubled from Monday’s close …

People dine inside during the opening of the Tesla Diner and Drive-In restaurant and Supercharger on Santa Monica Blvd in the Hollywood neighborhood Los Angeles, California on July 21, 2025. Patrick T. Fallon | Afp | Getty Images Elon Musk‘s flagship Tesla Diner opened Monday in Hollywood, California, and the CEO is already eyeing expansion “If our retro-futuristic diner turns …

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US Secretary of the Treasury Scott Bessent, left, speaks with Chinese Vice Premier He Lifeng, right, during a bilateral meeting between the United States and China, in Geneva, Switzerland, on Saturday, May 10, 2025. Keystone/eda/martial Trezzini | Via Reuters Treasury Secretary Scott Bessent on Tuesday said he is likely to hash out an extension of President Donald Trump‘s upcoming trade …

Verizon Earnings Help Boost S&P 500 to New High  The Wall Street Journal S&P 500, Nasdaq retreat from records as chip stocks decline: Live updates  CNBC Stock market today: Nasdaq, S&P 500 slide amid wave of earnings as tariffs bite GM profit  Yahoo Finance US Stocks Fall as Record Rally Loses Steam Amid Earnings  Bloomberg.com Wall Street mixed as markets balance trade talks against …

Coca-Cola Chairman and CEO James Quincey says the company will “expand our trademark Coca-Cola product range with U.S. cane sugar” to give Coke fans a new option. President Donald Trump mentioned the plan last week, saying Coca-Cola had “agreed” to use real cane sugar, similar to its recipe for Mexican Coke. Brandon Bell/Getty Images hide caption toggle caption Brandon Bell/Getty …

GM Profit Falls as Trump Tariffs Add $1.1 Billion in Costs  Bloomberg.com G.M. Profit Shrinks on Billion-Dollar Tariff Hit  The New York Times Trump tariffs take a $1 billion bite out of GM earnings; shares fall  MSN GM beats earnings estimates as CEO says automaker works to ‘greatly reduce’ tariff exposure  CNBC GM’s core profit slides in second quarter as Trump’s tariffs bite  Yahoo Finance …