Today news NYT > Business
Why Countries Are Stocking Up on Gold
As risk has escalated, central banks have bought more gold to stash in reserve. A widening Middle East war could add to the urgency. from NYT > …
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Takeaways from Powell’s final Fed meeting as chair
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Bill Ackman’s I.P.O., Pershing Square USA, Raises $5 Billion
The initial public offering of Mr. Ackman’s new fund, Pershing Square USA, raised $5 billion. from NYT > Business https://ift.tt/GaszoVR
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What Is OPEC, and How Does the Oil Cartel Influence Petroleum Prices?
The group of oil-producing countries supplied more than 25 percent of the world’s oil before the war in Iran. Its members have influenced energy mark…
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FCC Orders a Review of ABC’s Licenses Amid Feud Between Trump and Kimmel
The agency said the review was related to the network’s diversity and inclusion policies. But it came amid a fight between the president and the netw…
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Oil Prices Jump Again as U.S.-Iran Talks Appear Deadlocked
Investors parsed reports that President Trump told advisers that he was not satisfied with Iran’s latest proposal to reopen the Strait of Hormuz. f…
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Budget Airlines Ask Trump Administration for Billions as Fuel Costs Rise
A trade group for the airlines is seeking $2.5 billion to help offset the big jump in jet fuel costs since the start of U.S.-Israeli attacks against …
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Supreme Court Appears Divided Over Roundup Weedkiller Case
The case could help determine the future of thousands of lawsuits against the maker of a popular herbicide over claims that it causes cancer. from …
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For the Modern C.E.O., It’s All About Being ‘Resilient’
The ability to stay calm and lead through any kind of shock is the new normal for corporate executives. from NYT > Business https://ift.tt/BCMvx…
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The Rising Chinese Automaker Not Named BYD
Geely is challenging the giant BYD by adapting quickly to swings in demand and energy prices, seizing on interest in electric vehicles prompted by th…
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Muted Reaction as Oil and Stock Markets Reopen
Oil prices rose and stocks fell after President Trump called off a trip to Pakistan by two U.S. negotiators for peace talks with Iran. from NYT >…
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How Do You Measure A.I. Firms’ Gargantuan Energy Plans? In ‘Bragawatts.’
One way for a company to stand out — or to intimidate the competition — is to boast, often without evidence, about how much power it has access to. …
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Confusion and Fright at the White House Correspondents’ Dinner After Shots Were Fired
A sense of danger spread like a wave among high-profile politicians and journalists as an emergency unfolded at the White House Correspondents’ Assoc…
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‘Michael’ Shakes Off Bad Reviews to Become a Box Office Juggernaut
Lionsgate estimated on Saturday that the Michael Jackson biopic would collect more than $200 million over its first few days in theaters. from NYT …
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Inside Trump and David Ellison’s Private Party in Washington
The president spoke for nearly an hour at a Paramount-hosted event that raised questions about journalistic and regulatory conflicts of interest. f…
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How Jet Fuel Shortages Could Affect Summer Travel to Europe and Beyond
Facing sky-high fuel costs linked to the war in Iran, airlines are cutting routes and raising prices. European vacations are looking a lot less affor…
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Two Litigation Partners Depart Paul Weiss
Kannon Shanmugam and Masha Hansford are the latest in a string of litigators who have left the influential New York law firm. from NYT > Busines…
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New Gene Therapy Enables Children With a Rare Form of Deafness to Hear
The treatment, the first of its kind, was approved by the Food and Drug Administration on Thursday. “Our baby was born deaf, and now he can hear,” sa…
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Heidi O’Neill, Formerly of Nike, Will Be New Lululemon’s New CEO
Heidi O’Neill will join the maker of yoga pants and other athletic clothing in September. from NYT > Business https://ift.tt/osId3rK
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Iran Again Tightens Its Grip on Shipping in the Strait of Hormuz
Traffic in the strait has all but halted as Iran renews its attacks, striking two vessels on Wednesday. More than 300 ships linked to Iran have passe…
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Coinbase and Gemini Accused of Illegal Gambling in N.Y. Lawsuits
Attorney General Letitia James said the cryptocurrency giants were illegally running gambling platforms in the state after they expanded into predict…
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Gates Foundation Is Conducting an External Review of Its Epstein Ties
The action comes after the release of the Epstein files, in which Bill Gates and some former advisers figure prominently. from NYT > Business ht…
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Labor Secretary’s Departure Gives Trump an Opening to Focus on His Agenda
President Trump accepted Labor Secretary Lori Chavez-DeRemer’s resignation ahead of an internal investigation into her conduct at the department. f…
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Fed Pick Faces Skepticism Over Claim of Independence From Trump
Kevin Warsh’s nomination to lead the Federal Reserve could still be delayed by a Justice Department investigation into the current chair, Jerome H. P…
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Even Without Internet Access, Prisoners Are Trying to Benefit From A.I.
Most prisons forbid online access. But inmates are finding ways to ask chatbots questions anyway. from NYT > Business https://ift.tt/1Vu2thq
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Oil Prices Recede and Stocks Gain as Investors Eye Peace Talks
Oil prices pulled back and stocks inched higher as investors looked to the possibility of a second round of peace talks between the United States and…
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Second Jury Finds Uber Responsible for Sexual Assault by a Driver
The ride-hailing giant has now lost the first two of more than 3,000 pending federal lawsuits. from NYT > Business https://ift.tt/DVtbrWe
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Javier Milei Tamed Argentina’s Inflation. Now He Wants to Reshape Its Values.
Argentina’s right-wing president has tamed the country’s runaway inflation. Now he wants to transform its values. from NYT > Business https://if…
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Oil Prices Jumped and Stock Futures Fell on Renewed Iran Conflict
Traders, hopeful on Friday that a peace deal was near, were digesting the developments over the weekend. from NYT > Business https://ift.tt/X6s1…
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Syrian Billionaires Needed a Favor in Washington. They Invoked the Trump Name.
The attempt by the Khayyats to influence foreign policy while discussions are underway about potential Trump family deals is an increasingly common f…
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Humans Who Used a Bear Suit to Defraud Car Insurers Sentenced to Jail
The California residents collected more than $141,000 in insurance payouts after staging bear attacks on their luxury cars, state officials said. f…
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Man Charged in Lego Theft Scheme of Replacing Pieces With Pasta, Police Say
A California man was charged with grand theft after the police said he reaped about $34,000 in what an official called an “off the charts” pasta-and-…
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Sazerac Prepares $15 Billion Cash Offer for Maker of Jack Daniel’s
The Kentucky spirits company’s bid for Brown-Forman comes as the industry is being buffeted by a decline in alcohol consumption. from NYT > Busi…
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Kevin Klose, Who Made NPR a Reporting Powerhouse, Dies at 85
A longtime journalist at The Washington Post, he used his unexpected fund-raising talents to greatly expand the radio organization’s coverage. from…
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Mark Mobius, Pioneering Investor in Emerging Markets, Dies at 89
Gaining a reputation as the brilliant, risk-taking “Indiana Jones” of his field, he encouraged investors to take chances on Asia, Africa, Latin Ameri…
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Pentagon Seeks Help From Ford and G.M.
Concerned about the slow pace and high cost of weapons production, Pentagon officials have begun talks with General Motors and Ford Motor about produ…
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NPR Receives $133 Million From 2 Gifts
The donations, from the philanthropist Connie Ballmer and an anonymous donor, will support the network’s long-term strategy. from NYT > Business…
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U.K.’s Starmer Summons U.S. Social Media Companies Over Child Safety Online
The British prime minister will meet with executives from Meta, Google and other companies on Thursday as his government explores how to protect chil…
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Ford Says Doug Field, Who Led Company's E.V. Push, is Leaving
Doug Field, a former Tesla and Apple executive, had returned to Ford Motor in 2021 to help develop new electric models and software. from NYT > …
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Trump’s Quest for More Sway Over Fed Faces Fresh Hurdles
Jerome H. Powell’s term as chair of the Federal Reserve ends on May 15, but it appears increasingly likely that he will stay on in some capacity at t…
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War Exposes Gaps in India’s Clean Energy Push
The country’s creaking electricity grid is lagging behind its push for renewable sources — just as its growing economy hungers for oil stranded by wa…
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Prosecutors Make Surprise Visit to Fed as Pirro Defends Investigation
The Justice Department’s criminal inquiry into the Federal Reserve threatens to delay the confirmation of the next chair. from NYT > Business ht…
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US Blockade Stops Iran-Linked Ships From Crossing Strait of Hormuz
U.S. Central Command said that six vessels had complied with directions to turn around and re-enter an Iranian port. from NYT > Business https:/…
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N.F.L. Reporter Resigns From The Athletic Amid an Investigation
The publication, which is owned by The New York Times, was investigating the conduct of Dianna Russini after photographs showed her with the head coa…
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Detroit Aims to Become Center of U.S. Drone Manufacturing
The state, known for making cars, is spending millions to entice drone manufacturers that can bring new business to auto suppliers. from NYT > B…
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Netflix Leader Makes Rare Overture to Cinema Owners
Ted Sarandos attended a major movie theater conference for the first time and met with domestic and international owners, people familiar with the me…
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China’s Electrostate Is Poised to Win From War in the Middle East
A cluster of Chinese firms is poised to win big from the energy crisis set off by the war in the Middle East, building on booming investment in artif…
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Elon Musk, Who Owns X, Appears to Post on TikTok
A verified account with the @elonmusk handle also recently showed up on Instagram, as the billionaire prepares to take his rocket company SpaceX publ…
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Christine Fréchette Is Chosen to Lead Coalition Avenir Québec
Far behind in the polls, Quebec’s governing party chose Christine Fréchette to succeed François Legault and to lead it in a vote this fall. from NY…
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Southwest Airlines Imposes Further Limits on Portable Chargers on Flights
Starting on April 20, the airline will limit passengers to one lithium battery-powered portable charger per person. from NYT > Business https://…
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3 California Men Are Arrested in $1 Million Lego Heist
Sheriff’s deputies spotted the men fleeing in two box trucks on Wednesday. Deputies searching the cargo discovered a large amount of Lego products, t…
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The Athletic Investigates Conduct of Reporter Photographed With N.F.L. Coach
Photographs of the reporter, Dianna Russini, and Mike Vrabel of the New England Patriots appeared in The New York Post. from NYT > Business http…
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Fallout of War Piles Economic Pain Onto Europe’s Political Stress
Europe is finding itself on the outs with Russia, China and the U.S., in what’s amounting to its very own “Mean Girls” moment. from NYT > Busine…
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Banks Warned About Anthropic’s New, Powerful A.I. Technology
In an unusual move, the Treasury secretary and the Federal Reserve chair gathered bank executives to caution about cyberthreats posed by artificial i…
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Fred Drasner, a Feisty Leader of The Daily News, Is Dead at 83
A former New York cabdriver who never lost his edge, he was co-publisher alongside Mort Zuckerman as he took on rival papers in the so-called tabloid…
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Pentagon Appeals Court Decisions Gutting its Press Restrictions
The Defense Department filed a formal notice that it intended to fight a federal judge’s recent rulings that its press restrictions were unconstituti…
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Oil Ticks Higher and Stocks Rise Ahead of U.S. Inflation Report
A temporary cease-fire in the war on Iran faces multiple hurdles and investors are watching the release of U.S. government data on inflation. from …
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White House and Crypto Industry Fight Bank Lobby Over Stablecoin Income
The Trump administration backed a proposal for stablecoin issuers to offer yield to investors. from NYT > Business https://ift.tt/D0GpCF2
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David B. Cornstein, Envoy Who Built U.S. Ties to Orban, Dies at 87
A former jewelry-counter magnate, he served in Hungary under his friend President Trump, strengthening relations between the two countries as Orban t…
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America’s Furniture Stores Struggle to Survive a Frozen Housing Market
Retailers are going bankrupt and liquidating as record-low housing turnover leaves fewer customers looking to furnish homes. from NYT > Business…
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How the Strait of Hormuz Stifled a Market Rally
Questions about how freely ships can pass through the waterway have pushed up oil prices and weighed on stocks. from NYT > Business https://ift.…
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Oil Prices Edge Higher as Confidence in Cease-Fire Wavers
Investors were in a more sober mood after sharp moves on the previous day. from NYT > Business https://ift.tt/DLkhrv2
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Is the Strait of Hormuz Reopening? What to Know Under Iran-Cease Fire.
Vessels are wary of passing the coast of Iran in the strait, given the fragile agreement, and the number of ships traveling through it has even dropp…
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White House Secures Foreign Steel for Ballroom Project
ArcelorMittal, a European steel maker, is donating tens of millions of dollars of foreign steel for President Trump’s new ballroom. from NYT > B…
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Fed Minutes Show Officials in No Rush to Cut as Iran War Scrambled Outlook
The conflict in the Middle East has left the Federal Reserve braced for higher inflation, with more officials open to the possibility of rate increas…
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How China Built Its Vast Natural Gas Stockpile
Natural gas is hard to store, but China has found a way to do it, while also developing alternate suppliers and expanding production at home. from …
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Delta, WestJet and Other Airlines Announce Higher Baggage Fees and Fuel Surcharges
American and Canadian airlines, squeezed by surging fuel costs from the war in Iran, are adding “sticky” new bag fees and surcharges, on top of highe…
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Tucson: A City for Outdoor Lovers
Owls, oases and the Milky Way reward adventure seekers in and around this Arizona city in the Sonoran Desert. from NYT > Business https://ift.tt…
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Finding Trends in Sports Stats and ‘Wheel of Fortune’ Puzzles
Ben Blatt, a data reporter for The Upshot, dreams up inventive ways to answer questions like: “Is Taylor Swift actually increasing N.F.L. ratings?” …
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Oil Prices Jump as Trump’s Deadline for Deal Draws Near
President Trump's Tuesday evening deadline for a deal approached after he rejected a cease-fire proposal as “not good enough.” from NYT > Bu…
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Trump Threatens Jail if Journalists Protect Certain Iran Sources
The president indicated he would ask an unnamed media outlet to reveal the sources behind its coverage of Iran’s successful strike on a U.S. fighter …
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What Does an Ultra-Luxury First Class Ticket Get You? Flying in a Frictionless Bubble.
A writer reports from inside the premium bubble, where there’s no such thing as too much, petty annoyances are nonexistent and the real world never i…
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Oil Rises Slightly After Trump’s Latest Threats on Iran
President Trump taunted Iranian leaders on Sunday, threatening to escalate attacks if the Strait of Hormuz was not reopened. from NYT > Business…
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China Mourned an Education Influencer. The Grief Was a Quiet Revolt.
Zhang Xuefeng helped people navigate the country’s unforgiving higher education system. The public outpouring after his death was a quiet rebuke to t…
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Oil Markets Seem More Skeptical of Trump’s Peace Signals
After seesawing between diplomacy and threats, the president may find it harder to knock down prices by suggesting pauses or progress in talks. fro…
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Hollywood Writers Union and Studios Reach Contract Deal
With the global entertainment business reeling during a period of rapid change, there was little enthusiasm on either side for a costly standoff. f…
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‘I Got Back Every Penny’: Inside Trump’s Supercharged Tax Season
The law Republicans passed last year has so far been largely imperceptible to most Americans. That’s changing as tens of millions file their taxes th…
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In the Philippines, Rising Fuel Prices Force Travelers to Stay Home During Holy Week
Surging gasoline prices in the Philippines have forced some people to cancel or scale back the Visita Iglesia, a Holy Week tradition in which Catholi…
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‘Under Protest,’ Raw Dairy Farm Recalls Cheddar Linked to 9 E. Coli Cases
Raw Farm, a dairy producer in California, denies that its products have caused the outbreak, which has sickened people in three states. from NYT &g…
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Hershey’s Promises to Use Only Real Chocolate After Backlash
The change follows weeks of complaints from a grandson of the Reese’s Peanut Butter Cup inventor and other vocal consumers. from NYT > Business …
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Trump Revamps Metal and Pharmaceutical Tariffs
The administration announced new levies and made changes to existing tariffs for industries that have proved influential on the president’s trade pol…
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Republicans Seek Protections for Oil Giants Against Climate Lawsuits
Utah passed a law to insulate oil companies against efforts to make them pay for their role in global warming. A nationwide version is in the works. …
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Trump Officials Try to Fight Foreign Disinformation They Once Dismissed
The war in Iran has exposed the need to mount a defense against foreign influence campaigns, officials and experts say. from NYT > Business http…
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G.M. Reports Sharp Decline in Car Sales Amid War and High Prices
Toyota, Honda and Hyundai reported drops in March. Some blamed gasoline prices. from NYT > Business https://ift.tt/U4BAOiw
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Justice Dept. Struggles to Respond to Trump’s Suit Against IRS
Officials at the department and the White House are in the middle of a messy and complicated debate over how to respond to President Trump’s lawsuit …
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Markets Bet Big on a Quick End to the Iran War
Global markets rallied as President Trump signaled that the United States may stop fighting soon. But big questions remain about lingering damage. …
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Robot Taxis Stop in Traffic in Chinese City, Stranding Travelers
The authorities in Wuhan, the site of one of the world’s largest experiments in self-driving cars, cited a “system failure” after widespread reports …
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