In March, after a steep decline in Tesla’s share price, Elon Musk told employees, “Hang on to your stock.” The chair of Tesla’s board, Robyn Denholm, has not heeded his advice. Ms. Denholm has made $198 million in the past six months selling Tesla stock that she earned for serving …
There has been a mantra spreading among weary corporate executives who are becoming resigned to President Trump’s tariffs while still hoping to avoid the worst of their effects: Ten percent is the new zero. The statement refers to the 10 percent tariff that Mr. Trump put in place on most …
Warren E. Buffett has been at the forefront of American capitalism for decades as the chief executive of Berkshire Hathaway, the conglomerate he built into a $1.1 trillion colossus. By the end of the year, he is preparing to give up that role. Mr. Buffett said at Berkshire’s annual shareholder …
Musk or not, Tesla’s challenges remain Tesla shareholders appear relieved that Elon Musk seems set to stay on as C.E.O., after the automaker’s chair denied a report that the board had explored finding his successor. Company shares are up in premarket trading. But even if Musk — who has said …
Lonnie G. Bunch III has served as a museum director, educator and historian — all positions in which he has demonstrated a skill for diplomacy. But perhaps no amount of charm or discretion can help him avoid the fight he now faces over the direction of the Smithsonian Institution, the …
“Inconsistent with my administration’s priorities” Business leaders and deal makers have already been grappling with a whirlwind of chaos from the Trump administration across various fronts, which they have said has disrupted key decisions. But in many ways, President Trump’s firing of the Federal Trade Commission’s two Democratic commissioners is …
During President Trump’s first week back in the White House, Elon Musk’s Department of Government Efficiency identified an early focus of the cost-cutting operation: canceling leases for federal buildings that were considered underused. Mr. Musk’s team has since claimed credit for terminating leases for hundreds of properties across the country, …
In a hearing on Friday, senators pressed Dr. Mehmet Oz, the TV celebrity nominated to head Medicare and Medicaid, on Republican-led proposals that would significantly affect the health care coverage for nearly half of all Americans. At his confirmation hearing before the Senate Finance Committee, Dr. Oz bantered with senators …
The nation’s top securities regulator is backing down on crypto enforcement and climate disclosure initiatives as the agency is expected to take a more friendly and receptive approach to companies. But not everyone at the Securities and Exchange Commission is on board with this change in priorities under the Trump …
At a confirmation hearing for Dr. Marty Makary on Thursday, senators focused heavily on the safety of the abortion pill, with Republican lawmakers urging him to restrict access and Democratic lawmakers demanding that he maintain its current availability. Dr. Makary, President Trump’s nominee to lead the Food and Drug Administration, …