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Rising Interest Rates Bite Some Wall St. Banks

JPMorgan released surprisingly spotty earnings results for the third quarter, while Goldman Sachs and Citi posted better-than-expected results, reflecting a choppy trading environment.

ยฉ An Rong Xu for The New York Times

JPMorgan earned $15.3 billion in profit, falling short of analystsโ€™ expectations.

Amex Supersizes Newark Airport Centurion Lounge Before It Even Opens

To meet skyrocketing demand, lounge operators like American Express are racing to build bigger, and the Centurion in Newarkโ€™s Terminal A will be a giant.

ยฉ Business Wire/Associated Press

The 26,000-square-foot Centurion Lounge at Hartsfield-Jackson Atlanta International Airport, currently American Expressโ€™s largest location, will take second place to the new one set to open at Newark Liberty International Airport next year.

Trump Administration Investigates Wells Fargo for Race-Based Lending

The federal housing agency says the bankโ€™s efforts to encourage Black homeownership amount to discrimination.

ยฉ An Rong Xu for The New York Times

Wells Fargo, a major mortgage lender, has in the past publicly promoted its minority-focused program in news releases and on its website.

Porsche, Facing Falling Profits, Plans to Cut 25% of Its Work Force

The German sports car maker once thrived in China and powered profits for its parent company, Volkswagen. Now it hopes to do more with less.

ยฉ Jens Schlueter/Getty Images

Workers build an electric Macan at a Porsche assembly plant in Leipzig, Germany, in 2024.

Porscheโ€™s New Look: Pricier Cars and 25% Fewer Employees

The German sports car maker once thrived in China and powered profits for its parent company, Volkswagen. Now it hopes to do more with less.

ยฉ Jens Schlueter/Getty Images

Workers build an electric Macan at a Porsche assembly plant in Leipzig, Germany, in 2024.

Battle Between Disney and the F.C.C. Moves to the Courts

On Tuesday, a federal judge began hearing arguments in Disneyโ€™s effort to stop the agency from reviewing its broadcast licenses.

ยฉ Tierney L. Cross for The New York Times

Brendan Carr, who leads the Federal Communications Commission, says its review of Disneyโ€™s local broadcast licenses stems from an investigation into the companyโ€™s diversity and inclusion employment practices.

How Climate Change Is Disrupting Summer Travel

Once dismissed as occasional inconveniences, climate-related disruptions are now an inescapable fixture of summer travel. How will travelers respond?

ยฉ Don Campbell/Associated Press

In Michigan, drifting smoke from Canadian wildfires caused hazy skies on the shores of Lake Michigan.
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