The headquarters of Uber, in San Francisco, Jan. 19, 2026. Uber is laying off roughly 10 percent of its work force, totaling about 3,300 people, as the ride-hailing company restructures to become “simpler and faster,” chief executive Dara Khosrowshahi said on Sept. 2, 2026. (Joseph Seif/The New York Times) By EMMY MARTIN Uber is laying off roughly 10% of its workforce, totaling about 3,300 people, as the ride-hailing company restructures to become “simpler and faster,” CEO Da

There is no more premium ⁠for ⁠safe, liquid U.S. government debt, pushing the neutral ⁠level of interest rates higher, Federal Reserve Governor Christopher Waller told a Reuters NEXT Newsmaker event ​on Thursday. Waller also told Reuters NEXT that for the United States to grow its way out of a $40 trillion debt load, structural deficits would have to ‌be brought closer to zero percent of ‌GDP, from this fiscal year’s level of around 6%. Waller said that yields have been risin

A view of Lake Ontario and the skyline of Toronto, Canada on April 4, 2024. Mapping and navigation companies face a new dilemma after Donald Trump ordered Lake Ontario to be renamed Lake America. (Eugen Sakhnenko/The New York Times) By VICTOR MATHER Three map apps, three responses so far to President Donald Trump’s order to rename Lake Ontario to Lake America amid an escalating trade war with Canada. Google changed the lake’s name on its Maps application two days after the Au

By THE STAR STAFF The advertising agency Veintinueve de Febrero Inc. is poised to earn more than $5 million in just 90 days under a revised contract the Financial Oversight and Management Board for Puerto Rico approved earlier this week — but only after imposing strict conditions tied to procurement transparency and fiscal compliance. In a letter sent electronically to Treasury Secretary Ángel Pantoja Rodríguez on Monday, the oversight board confirmed that the Treasury Depart

Wall Street advanced on Wednesday, notching a partial rebound from a three-day losing streak as investors searched for deals among stocks and sectors that might have been oversold amid recent ‌risk-off moves. All three major U.S. stock indexes gained ground, with the small-cap Russell 2000 outperforming its larger-cap peers, rising 1.1%. On the ‌sector level, airlines, gold and silver miners and regional banks were the frontrunners, while software and services, seen as potent

U.S. officials urged Group of 20 country finance leaders on Monday to push harder for economic growth as the best way to counter concerns over rising global debt levels. The two-day meeting in Asheville, North Carolina, comes as the ​global economy is being buffeted by an energy shock triggered by the Iran war, faces rising tensions over China’s huge goods trade surplus and is braced for how an investment surge ‌in AI will ultimately play out. Global debt levels ‌earlier this

A shipping container is taken off a truck at the Port of Virginia in Norfolk, Va., Aug. 13, 2024. The cost of diesel fuel, used in farm machinery, trucks and other heavy equipment, has surged because of the war in Iran and Ukrainian attacks on Russian refineries. (Kristen Zeis/The New York Times) By ARUNI SONI When Randy Madden saw the way diesel prices were rising, he decided to delay purchasing the fuel that powers his 3,000-acre farm in Iowa. Except prices are at around th

The U.S. Securities and Exchange Commission has taken a step toward eliminating its requirements for shareholder proposals at public companies and ​giving new powers to states, a shift that would diminish the influence of investor activists. In a regulatory ‌notice dated Friday, the SEC ‌said it would consider changes to the rule known as 14a-8. It establishes requirements for shareholder proposals in public companies’ annual proxy statements including minimum ownership. Via

By REBECCA F. ELLIOTT, ANATOLY KURMANAEV and EDWARD WONG The Trump administration’s highly unusual deal to develop Venezuela’s vast oil resources would have the U.S. government collaborate with an influential and polarizing Venezuelan businessperson. Under the deal that President Donald Trump announced late Friday, the United States would work with Alejandro Betancourt López, whose family controls Venezuela’s second largest private oil producer, North American Blue Energy Par

Investors were heartened on Friday ⁠by ⁠new Federal Reserve Chair Kevin Warsh’s stated resolve to tame ⁠high inflation, but many on Wall Street remained unclear about how the U.S. central bank will react to economic changes in the months ​ahead. In a highly anticipated speech, Warsh said the central bank will “have work to do” if policymakers are not confident that underlying inflation is returning to its 2% target. He also indicated financial conditions do not appear ‌restri