Treasury Secretary Scott Bessent during a roundtable in the Cabinet Room of the White House in Washington, Dec. 8, 2025. Bessent led the vetting process for the next Federal Reserve chair. (Tierney L. Cross/The New York Times) By ALAN RAPPEPORT At a rally in Iowa in January, President Donald Trump heaped praise on Treasury Secretary Scott Bessent, declaring that he had “become a real star” who knows his business. That star status could be at stake if Trump ends up being disap

Global equity funds had ‌a ​third straight week of ‌inflows in the week to January 28 on ​upbeat earnings expectations, while safe-haven assets like gold and bond funds ‍also saw solid demand amid ​uncertainty over potential U.S. tariff moves under President Donald ​Trump. Global ⁠equity funds attracted $33.39 billion worth of inflows in the week, compared with about $9.5 billion worth of inflows in the previous week, LSEG Lipper data showed. By region, European equity funds

According to a report, New Fortress Energy bondholders under a proposed restructuring support agreement would take control of NFE’s Brazil assets, while term loan lenders would see recoveries through value tied to an FLNG 1 LNG offshore facility in Mexico. The recovery value for its term loan debt would be tied to an LNG terminal in Puerto Rico and other downstream assets. (Facebook via New Fortress Energy) By THE STAR STAFF New Fortress Energy (NFE) is working on a proposed

J. Jaramillo Insurance plans to invest more than $3 million to modernize the existing property in Metro Office Park in Guaynabo, raising its construction value to over $20 million. By THE STAR STAFF J. Jaramillo Insurance (JJI), an insurance firm in Puerto Rico, has purchased a building in the Metro Office Park complex in Guaynabo as part of a broad expansion plan that includes multimillion‑dollar upgrades and long‑term development. The company plans to invest more than $3 mi

York ​Space Systems clinched a valuation ‌of $4.75 billion in its market debut on Thursday, as investors ​bet on sustained Pentagon spending on space and defense to drive growth. The Denver, Colorado-based ‍company’s stock opened 11.8% higher ​at $38 on the New York Stock Exchange. It raised $629 million in an ​upsized U.S. ⁠initial public offering on Wednesday after selling 18.5 million shares. “The listing suggests that the market is open for new defense and space stocks

President Lee Jae Myung of South Korea presents President Donald Trump with the Grand Order of Mugunghwa, left, South Korea’s highest decoration, and a replica of a crown excavated from ancient royal tombs, at the Gyeongju National Museum in Gyeongju, on Wednesday, Oct. 29, 2025. President Trump said Seoul was not moving fast enough to implement an agreement, which calls for South Korea to invest billions in the United States. (Haiyun Jiang/The New York Times) By ANA SWANSON

A UPS driver makes deliveries in Miami on April 28, 2025. UPS said on Jan. 27, 2026 that it expected to cut as many as 30,000 jobs this year as part of a continuing effort to reduce costs and shore up profits. (Scott McIntyre/The New York Times) By PETER EAVIS UPS said earlier this week that it expected to cut as many as 30,000 jobs this year as part of a continuing effort to reduce costs and shore up profits. Last year, the delivery company eliminated 62,000 positions, by la

The S&P 500 ‌breached ​the 7,000-point mark for the first ‌time on Wednesday, driven by unrelenting optimism over artificial intelligence and expectations of ​strong Big Tech earnings as well as monetary policy easing. The benchmark index’s ascent between successive 1,000-point additions has quickened ‍in recent years, reflecting mounting investor ​confidence in the U.S. economy and corporate America. It took about three years for the S&P 500 to ​rise to 5,000 ⁠points from 4,

An artillery unit of the Ukrainian Army prepares to fire at Russian positions toward the front line near Pokrovsk, Ukraine, Dec. 21, 2025. Europe is threatened by an increasingly aggressive Russia and a belligerent American president. (Tyler Hicks/The New York Times) By PATRICIA COHEN For decades crushing debt has spread misery in the world’s poor and lower-income nations. But the menace of unsupportable borrowing that now hangs over the global economy emanates from some of t

The S&P 500 touched a record high ‌and ​angled for its fifth advance in a row ‌on Tuesday with a mixed reception for the latest earnings reports and a steep selloff in health insurers countering ​optimism ahead of megacap reports. UnitedHealth led losses in healthcare stocks and in the Dow Jones Industrial Average with a 19% tumble after the Trump administration proposed an increase in ‍Medicare insurer payment rates. The plan was another woe ​added to the insurer’s disappoin