ALCATRAZ ISLAND, Calif. — The barred cell doors are so rusted they can’t close. Century-old lead paint is peeling off the walls. Concrete is crumbling, and the old rec yard is caked in seagull guano. This is no longer a…
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The Trump administration resumed collection efforts on defaulted student loans Monday after a roughly five-year hiatus — and affected borrowers could begin feeling the financial consequences sooner than experts expected. The U.S. Department of Education released new details on what actions it plans to take, when.…
StepStone Group (NASDAQ: STEP) said its latest middle-market growth-equity fund, StepStone Growth Partners V, closed at $720 million, beating its $700 million target. The firm’s new fund follows StepStone’s 2021 Tactical Growth Fund IV, which raised about $705 million. In StepStone’s view, this latest close…
President Donald Trump called for a 100 percent tariff on movies produced overseas in a Truth Social post Sunday night, confounding studio executives and critics about what this could mean for the heavily globalized film industry. “The Movie Industry in…
There it was for all to see, President Trump’s tangled relationship with the Ivy League, delivered in a burst at his rally in Michigan on Tuesday night. “He’s the top,” the president said of Dr. Mehmet Oz, the TV celebrity…
American companies are promising to spend hundreds of billions of dollars in the United States as President Donald Trump deploys tariffs to promote domestic manufacturing, a gush of investment plans that the White House compiled on a new webpage titled The…
When Walt Disney Animation Studios opened its Vancouver production facility in 2021, the first project it took on was the series adaptation of Moana, which later became the more than $2 billion feature-film box office hit Moana 2. This development served as…
The U.S. labor market remained resilient in April, with employers adding 177,000 jobs, a solid showing despite ongoing economic uncertainty that has caused many employers to put hiring plans on hold. The unemployment rate held steady at 4.2 percent, near…
The two largest U.S. oil companies reported their lowest first-quarter profits in years on Friday as they braced for the economic fallout from President Trump’s trade war, which has weakened consumer confidence and pushed oil prices down. U.S. crude prices…
Starting Friday, the Trump administration is shelving a nearly century-old tax loophole that saved companies from paying tens of billions of dollars in fees on cheap imports, most of which come from China. The move stems from the sweeping tariffs President Donald…
