This week’s Federal Reserve meeting is set to be Jerome H. Powell’s last as chair of the central bank. But the “wait and see” policy path that he carefully carved out amid resurgent inflation risks is likely to stay intact long after he leaves the top job. On Wednesday morning, President Trump’s handpicked successor, Kevin…
Iraq’s president on Monday named a businessman as prime minister-designate and gave him the task of forming a new government after a monthslong delay in selecting a candidate amid conflicting pressures from Iran and the United States. In a statement announcing the selection of Ali al-Zaidi, President Nizar Amedi said the constitutional process “could not…
Following his party’s crushing defeat in a general election, Hungary’s outgoing prime minister, Viktor Orban, said on Saturday that he would give up his seat in Parliament and focus on rebuilding his battered “patriotic movement.” But after 16 years in power and nearly four decades as leader of Hungary’s once invincible Fidesz party, he indicated…
Apple said this week that Tim Cook, its chief executive since 2011, would step down and become its executive chairman in September. John Ternus, the company’s head of hardware engineering, will succeed Mr. Cook in the corner office. Mr. Ternus, who has worked at Apple for 25 years, will take over a moneymaking behemoth facing…
The Justice Department, in a stunning reversal, announced on Friday that it was dropping its criminal investigation into the Federal Reserve and its chair, Jerome H. Powell. The decision could clear the path for Kevin M. Warsh, President Trump’s pick to lead the central bank, to win confirmation. The decision came just two days after…
Todd Blanche, the acting attorney general, is doing what he can, as quickly as he can, to shed the “acting” label. Mr. Blanche, who ran the day-to-day operations of the Justice Department as the top deputy to his predecessor, Pam Bondi, before her unceremonious ouster this month, has long been a target of pro-Trump influencers…
President Trump wanted one thing, more than anything else, from his secretary of the Navy, John Phelan: a new class of battleships. “They’ll be the fastest, the biggest and by far — 100 times more powerful than any battleship ever built,” Mr. Trump boasted at a news conference at his Mar-a-Lago estate and resort in…
Navy Secretary John Phelan was fired on Wednesday after months of infighting with senior Pentagon leaders and disagreements over how to revive the Navy’s struggling shipbuilding program. Mr. Phelan is leaving the Pentagon and the Trump administration effective immediately, wrote Sean Parnell, the Pentagon’s chief spokesman, in a terse statement. In his role leading the…
Lululemon, the yoga pants and athletic clothing company, has hired a former executive from a rival, Nike, as its new chief executive. Heidi O’Neill, who spent more than 25 years at Nike, will take the reins and join Lululemon’s board of directors on Sept. 8, the company announced on Wednesday. The leadership change is happening…
President Cyril Ramaphosa of South Africa has appointed a new ambassador to the United States, filling a position that had been vacant since March 2025, when the country’s former ambassador was expelled by the Trump administration. Mr. Ramaphosa’s spokesman said on Wednesday that Roelf Meyer, a former member of the National Party, which introduced apartheid…
