Business Update

Peter Chernin, an industry veteran who founded North Road in 2022, said his deal with Mediawan met a need to get bigger in an era of consolidation. Source link

Buffeted by tariffs and trade tensions, Prime Minister Keir Starmer took British business leaders to China and emerged with deals on visas and Scotch whisky, as well as pledges to deepen ties. Source link

Kevin M. Warsh, whom Mr. Trump tapped to become the next chair of the Federal Reserve, could face fierce resistance if he tries to pursue substantially lower borrowing costs. Source link

The company’s chief executive, Elon Musk, said this week that it would stop making the car, an electric pioneer in 2012, as well as the Model X. Source link

The two largest U.S. oil companies, Chevron and Exxon Mobil, reported their lowest annual profits in years. Source link

The first step, consumer finance experts say, is to ask your card issuer to reduce the rate. And with average balances now $6,500, consider using your tax refund to put a dent in the debt. Source link

Some investors are worried that President Trump’s nominee to run the Federal Reserve may not be a guaranteed “yes” on cutting interest rates. Source link

If confirmed by the Senate, Kevin M. Warsh, a former governor at the central bank, will replace Jerome H. Powell, whose term as chair ends in May. Source link

After the United States imposed sanctions on Russia’s two biggest oil producers, the ripple effects wreaked havoc on business for local franchisees. Source link

Almost three of every four restaurant orders in the U.S. weren’t eaten in a restaurant, according to recent data. We spoke to readers who are devoted to delivery but question the costs. Source link