Business Update

The superstar boy band returns after a four-year hiatus on Friday. The genre it helped turn into a global juggernaut has endured some shifts, and minted new stars. Source link

The layoffs affected several dozen employees at the news division, which is owned by the technology heir David Ellison. The company is also shuttering CBS News Radio. Source link

Christopher J. Waller, a Federal Reserve governor, said he would support rate cuts later this year if the labor market continued to weaken. Source link

The overall economy has proved resilient in recent years, even as many households have struggled. The war with Iran is following the same pattern. Source link

President Trump has directed that most federal payments be issued electronically, including tax refunds. Last year nearly 10 million people got their refund via a paper check. Source link

Energy experts forecast more pain for consumers and businesses as the war in the Middle East shows no signs of easing. Source link

Recently released data from the Education Department showed that by the end of last year, 7.7 million borrowers had defaulted on $181 billion in federal student loans. Source link

Facing financial straits, the founder is betting on a skunkworks for A.I. experiments. Source link

Japanese members of some K-pop bands have been absent from recent concerts in China. Experts say that’s linked to tension between Tokyo and Beijing. Source link

As China and other major suppliers of refined oil in the region restrict exports, import-dependent countries are desperate to secure fuel supplies. Source link