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PRESS DIGEST-New York Times business news - March 16

ReutersMar 16, 2026 6:57 AM

March 16 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- U.S. President Donald Trump is set to convene the board of trustees of the John F. Kennedy Center for the Performing Arts on Monday to vote on plans to close the institution for renovations starting on July 6, according to an internal meeting agenda obtained by The New York Times.

- The U.S. State Department said it was reducing the consular fees for renouncing U.S. citizenship to $450 from $2,350, a more than 80 percent reduction in cost for the clunky, bureaucratic process.

- U.S. Energy Secretary Chris Wright said on Sunday there were 'no guarantees' that oil prices would fall in the coming weeks, despite President Trump’s having vowed repeatedly that the United States will try to force Iran to stop attacks on oil tankers in the Strait of Hormuz.

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