Press Digest: New York Times business news - January 12

Sun Country Airlines Holdings

12/01/2026 05:41

Jan 12 (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 said in a social media post that "no more oil or money" would be going to Cuba from Venezuela, and that the United States military would be involved in enforcing distance between the two countries.

- The U.S. attorney's office in the District of Columbia has opened a criminal investigation into Jerome H. Powell, the Federal Reserve chair, over the central bank's renovation of its Washington headquarters and whether Mr. Powell lied to Congress about the scope of the project.

- Allegiant Travel ALGT.O said that it plans to buy Sun Country Airlines SNCY.O in a $1.5 billion deal.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))