Semafor Business

The president said his JPMorgan Chase account was closed despite holding ‘hundreds of millions’ of dollars.

Imports fell more than analysts expected, in a reversal of a pre-tariff surge in February and March.

Media titan Rupert Murdoch is seizing on the continued hollowing out of California local media and the consolidation of many Hollywood trades.

The headline number will bring out scolds, but Tesla’s shareholders are likely fine with it. The board can hold the billionaire’s feet to the fire in other ways.

New shares would give the billionaire 16% control of the carmaker, which is competing for his attention with AI, space, brain implants — and politics.

In just months, Washington’s effective tariff rate has risen by more than 15 percentage points.

The group has been ramping up production since April in a bid to cushion the market against geopolitical tensions.

Labor weakness hands Trump fuel in his pressure campaign against Federal Reserve Chair Jerome Powell.

The ‘patient capital’ pioneer advocates an inclusive form of capitalism, but says there will be trade-offs.

Meta, Microsoft, and Alphabet have spent a collective $186 billion on capital expenditures over the past year, more than the revenue of 96% of S&P 500 companies.

MAGA looks invincible now, but a recent dust-up at Exxon shows that the edicts of one administration can be revisited by the next.

C-suites were already on edge after an insurance executive was assassinated last year, and now have to grapple with panicked employees and security overhauls.