PRESS DIGEST-New York Times business news - February 5
Feb 5 (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.
- The Washington Post laid off about 30 percent of all its employees, which includes people on the business side and more than 300 of the roughly 800 journalists in the newsroom.
- U.S. Treasury Secretary Scott Bessent said on Wednesday that the U.S. Federal Reserve needs more accountability after failing the American public by allowing inflation to soar in recent years.
- The U.S. Federal Trade Commission announced on Wednesday that it had reached a settlement with Cigna's CI.N Express Scripts, one of the nation's largest pharmacy benefit managers, over its role in driving up insulin prices.
- U.S. President Donald Trump and Chinese President Xi Jinping had a lengthy phone call on Wednesday during which, Trump said, the two leaders discussed a wide range of issues — including Iran, the war in Ukraine and soybeans — ahead of Trump's visit to China this spring.
Related Articles
National Debt Bomb Ignited? Musk Warns U.S. Will Be 1000% Bankrupt Without AI
TradingKey - Tesla (TSLA) CEO Elon Musk recently issued another warning regarding the rapidly ballooning U.S. national debt. He stated clearly that without artificial intelligence and robotics, the United States will inevitably head toward fiscal bankruptcy.
Why Sanae Takaichi Winning Japan’s Diet Election Led to a Surge in Japanese Stock Indices？
TradingKey - Reports indicate that the ruling coalition led by Japanese Prime Minister Sanae Takaichi has secured a single-party majority in the parliamentary elections held on Sunday (February 8). Following the news, the yen weakened slightly, while the Nikkei Index surpassed 57,000 for the first t
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
Is Bitcoin’s Four-Year Cycle Dead in 2026?
Is the Bitcoin 4-year cycle dead? After 2025 broke historical records with a red post-halving year, institutional analysts explore if the Bitcoin price has decoupled from the halving countdown. Analyze the impact of spot ETFs, global liquidity, and the roadmap to the 2028 halving in this 2026 market
