Updates

Daily Business BriefingMay 27, 2021Updated just nowTreasury Secretary Janet Yellen said that her agency lacks sufficient resources to oversee an economic recovery that still has “a long road ahead” and called on Congress to provide her with…

Here’s what you need to know:Jim Farley, the chief executive of Ford, with the F-150 Lightning, the electric version of its top-selling pickup truck.Credit...Jeff Kowalsky/Agence France-Presse — Getty ImagesFord Motor said on Wednesday that…

Here’s what you need to know:Elon Musk, the chief executive of Tesla, which bought $1.5 billion in Bitcoin last quarter.Credit...Michele Tantussi/ReutersOver the weekend, the price of Bitcoin briefly fell to around $31,000, more than 50…

Here's what you need to know:Josh Harris may have been busy playing basketball after leaving Apollo.Recognition...Jessica Kourkounis for the New York TimesJoshua Harris, a top executive at Apollo Global Management, said Thursday that he was…

Here’s what you need to know:John Stankey, the chief executive of AT&T.Credit...Mike Segar/ReutersAT&T is painting a rosy picture for the future of its media business, which it will spin off and merge with Discovery. That new…

Here’s what you need to know:Working on a steel pipe at the Iron S.p.A. factory in Assisi, Italy. Former President Donald J. Trump’s administration imposed steel tariffs on several countries in 2018.Credit...Gianni Cipriano for The New York…

People wear protective face masks in front of Starbucks in Union Square as the city resumes Phase 4 of its reopening after restrictions were imposed in New York City on September 29, 2020 to slow the spread of the coronavirus.Noam Galai |…

Here’s what you need to know:Coinbase was valued at $85 billion when it went public last month. Now its market capitalization stands at $53 billion.Credit...Gabby Jones for The New York TimesThe cryptocurrency exchange Coinbase said on…

Here’s what you need to know:Central bankers have said price pressures are likely to be temporary.Credit...Andrew Spear for The New York TimesConsumer prices leapt higher in April, data released on Wednesday showed, a…

Here’s what you need to know:President Biden has called for $50 billion to encourage domestic semiconductor production as part of his infrastructure plan.Credit...Doug Mills/The New York TimesSemiconductor companies and big businesses that…