The New York Times – Business:
John Lee, the city’s chief executive, said the city’s housing secretary would step down, but he vehemently defended the government.
Category: Business
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Christine Lagarde to Step Down as President of European Central Bank
The New York Times – Business:
Her plan to depart in February, months before the end of an eight-year term, sets in motion a selection process among European leaders for a new central bank president.
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In Moving Gradually, Fed Risks Having to Play Catch-Up to Quell Inflation
The New York Times – Business:
Federal Reserve officials are expected to restart rate increases in December, but the cadence of additional moves will depend on the data.
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Hit the Road This Season With These Useful New Map Features
The New York Times – Business:
The recent updates to Google Maps and Apple’s Maps use artificial (and human) intelligence for better navigation, planning and travel guides.
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Fed Holds Rates Steady Despite Lack of Progress on Inflation
The New York Times – Business:
Kevin M. Warsh, the chairman of the Federal Reserve, said an “information-rich” period before the central bank’s gathering in December will help officials determine next steps for policy.
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CNN, MS Now and Politico Update Lawsuit Against Trump Over White House Access
The New York Times – Business:
The news outlets argued in an updated lawsuit that they should be granted access to the White House reporting pools.
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Fed Will Hold Fewer Rate-Setting Meetings Starting Next Year
The New York Times – Business:
Kevin M. Warsh, the Federal Reserve’s chairman, said the central bank would vote on interest rates seven times in 2027 and six in 2028. It has traditionally voted eight times per year.
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An ‘Endless’ Cruise Around the World Is Suspended, Leaving Passengers Stranded
The New York Times – Business:
The cruise promised a lifetime of sailing, for less than what it cost to live on land. But it was underfunded and couldn’t absorb the rising cost of fuel.