Today news NYT > Business
Leopold Aschenbrenner Built a Hot A.I. Hedge Fund. Then it Melted Down.
Situational Awareness, led by a 24-year-old, exploded onto the artificial intelligence scene — and then nose-dived. from NYT > Business https://…
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Warsh Considers Reducing Frequency of Fed Policy Meetings
The Federal Reserve has met at least eight times a year for decades. Reducing the number of meetings would represent the biggest change by Kevin M. W…
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Plug-In Solar Panels Are Starting to Sprout in U.S. Backyards
Ten U.S. states have legalized systems that can be plugged into standard wall outlets. The technology typically does not require permits or electrici…
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In Another Wild Day for South Korean Stocks, Market Surges 15 Percent
After a sharp sell-off, South Korea’s stock market rallied as concerns about overspending on artificial intelligence eased, sending the country’s chi…
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Government Borrowing Cost Hits Two-Decade High After Fed Rate Decision
The surge in Treasury yields suggests investors doubt that the Federal Reserve can keep inflation contained. from NYT > Business https://ift.tt/…
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Fed Holds Rates Steady but Three Officials Back Increase
Kevin M. Warsh’s second meeting as chairman of the Federal Reserve was colored by internal divisions over the path forward for policy. from NYT >…
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4 Takeaways From the Federal Reserve Meeting
Fed officials held interest rates steady, but they have splintered over how to fight inflation. from NYT > Business https://ift.tt/LWDZMpm
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Trump Will End Subsidies for Medicare Drug Premiums
Millions of older Americans could pay more for their prescription drug coverage next year. from NYT > Business https://ift.tt/Kfj0XZ7
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Writers Guild Withdraws Support From Film Festival Over A.I.
Urbanworld, a New York event, has added a section for movies made with A.I. tools. The union was a sponsor but has been outspoken on the dangers of A…
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Gibson Dunn Hires Rival Wachtell Lipton’s Co-Chair
Gibson Dunn’s hiring of the seasoned litigator William Savitt highlights the fierce competition for top lawyers across Wall Street. from NYT > B…
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He Served China’s Police State of Xinjiang. He Says It Imprisoned Him, Too.
After nearly 10 years carrying out Chinese government repression in Xinjiang, a former police officer is now seeking asylum in Germany. from NYT &g…
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BuzzFeed Lays Off a Third of Its Staff
The company’s new owner, Byron Allen, is cutting roughly 180 employees as he looks to reduce its financial losses. from NYT > Business https://i…
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Chinese Start-Up Moonshot Details New A.I. Model
Moonshot said some users will have to get licenses to access its Kimi K3 model as the company threads a needle between sharing and profiting from its…
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A Son of Wealth Finds His Calling in a High-End Grocery Store
How the scion Sammy Nussdorf found his calling among the carefully arranged shelves of Meadow Lane, his chic market in Lower Manhattan. from NYT &g…
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China’s CXMT Stock Soars 470% in Start of Trading, Amid A.I. Race
The meteoric rise on its first day of trading catapulted CXMT, China’s leading memory chip maker, to being the most valuable company on the Shanghai …
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Iran War Forces Energy Buyers to ‘Unshackle’ From Global Markets
Developing Asian nations, scarred by Middle East supply shocks, are working to scale back their reliance on imported fuels, including liquefied natur…
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Oil Prices Fall After U.S. and Iran Pause Fighting for a Second Day
No strikes have been reported from either side since Friday, leaving oil investors optimistic about a resolution to the conflict. from NYT > Bus…
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Why Paramount Paused Its Blockbuster $111 Billion Deal for Warner Bros.
A flurry of negotiations last week cleared the way for an antitrust court battle with states that could determine the fate of the two iconic media gi…
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How the Prius Traces Its Lineage to a 1900 Car From Ferdinand Porsche
The Lohner-Porsche Semper Vivus had a generator that recharged a battery, and it even had regenerative braking. Sound familiar? from NYT > Busin…
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1.6 Million Egg Cartons Are Recalled Over Salmonella Risk
The voluntary recall included eggs produced in Texas and sold under several brand names in six states, the Food and Drug Administration said. from …
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Trump to Speak as White House Correspondents Dinner Returns With More Security
President Trump remains the evening’s keynote speaker, as relations between his administration and the press continue to deteriorate. from NYT >…
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F.D.A. Panel’s Vote on Peptides Raises Concerns About a Prescribing Boom
The committee endorsed broader use of the peptides in lightly regulated compounding pharmacies that have grown into a multibillion-dollar business. …
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Paramount Agrees to Delay Warner Bros. Merger for Months
The company agreed to a proposed freeze until June 2027, unless a judge issues a ruling before then on a lawsuit blocking the deal. from NYT > B…
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Brent Crude Oil Prices Top $100 as Conflict With Iran Drags On
Stocks in Asia were down following a sell-off in the U.S. markets over soaring oil prices, rising borrowing costs and worries about the technology in…
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Trump’s Global Tariffs: What’s the Latest on the Trade War
The president has unveiled a complicated system to forge ahead with his trade war, after the Supreme Court stuck down his original levies. from NYT…
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Did the World Cup Live Up to Tourism Expectations? Here Are the Winners and Losers.
Host cities, hotels, tourism boards and more had lofty expectations for the World Cup, but some struck gold, while some fizzled. Here’s the breakdown…
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U.S. to Withdraw Subpoenas Issued to New York Times Journalists
A federal judge raised questions about the government’s handling of the subpoenas, which The Times said were an attempt to intimidate the free press.…
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Clarity Act Mired In Debate Over Whether to Bar President From Selling Crypto
Democrats and Republicans are haggling about the Clarity Act, a major bill pushed by the crypto industry, as it moves closer to a Senate vote. from…
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Three Airports Plan to Ditch T.S.A. Amid Push for Private Security
The airports have opted in to the agency’s new security model, an agency spokesperson confirmed on Wednesday. A union official said the move could je…
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Tesla Profit Falls Even as Car Sales Rebound
The company is selling more cars, but the company’s profit was down because of price cuts and higher expenses. from NYT > Business https://ift.t…
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Sony Revives Cinerama Dome in Los Angeles as Box Office Sales Rebound
The iconic Cinerama Dome and adjacent 14-screen theater complex will reopen in 2028 after a renovation. The venue closed in 2020 because of the pande…
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Trump Lifts Ban on Direct Flights to Lebanon
The prohibition had been in place since 1985, when it was imposed in response to Hezbollah’s hijacking of TWA Flight 847. from NYT > Business ht…
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Review Says Gates Foundation Did Not Participate in Epstein Crimes
A review by an outside law firm hired by the Gates Foundation investigated only the philanthropy and not Mr. Gates or his private office. from NYT …
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Trump Is Squeezing Canada. Don’t Expect Carney to Roll Over.
The president’s new tariffs on a top U.S. trading partner aim at gaining concessions, but the Canadian government, and the public, have been bracing …
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Will the U.S. and China Build Walls Around A.I.?
Rapid advancements in Chinese artificial intelligence models reportedly have Washington and Beijing considering new ways to protect their technology …
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Why States Are Making It Harder to Save Money With Solar Panels
The changes are costing homeowners money. But they also reflect a changing grid — and the need for home batteries. from NYT > Business https://i…
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Trump to Impose 50% Tariff on Many Canadian Goods
The administration will use an untested legal provision to put significant duties on Canadian exports, reigniting a clash with one of America’s bigge…
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Soaring Egg Prices Are Hitting China Hard
China consumes more eggs per capita than almost every other country, so a recent spike in costs is touching a nerve. from NYT > Business https:/…
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American A.I. Giants Like Alphabet Face Fresh Tests
Rapid advancements in Chinese artificial intelligence models raise more questions about costly technology spending, as Google’s parent prepares to re…
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U.S. Average Gas Price Returns to $4 a Gallon as Iran Crisis Escalates
A month ago, drivers were enjoying some relief at the pump after the U.S. and Iran signed a deal intended to reopen the Strait of Hormuz. Now, prices…
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Oil Prices Cross $90 a Barrel as U.S.-Iran Conflict Widens
Brent crude, the global benchmark for oil, rose more than 3 percent as trading resumed on Sunday, while S&P 500 futures remained essentially unch…
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Step Into the ‘Zone of Genius’ (Before A.I. Takes Your Job)
A decades-old self-help concept is gaining new purchase among people searching for meaningful work in the age of artificial intelligence. from NYT …
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The ‘Bad Blood’ Between Polymarket’s Shayne Coplan and Kalshi’s Tarek Mansour
Shayne Coplan of Polymarket and Tarek Mansour of Kalshi are young billionaires intent on dominating prediction markets. It’s more than a battle. It’s…
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Adidas Hopes Its World Cup Moment Can Drive U.S. Sales
Nearly everything on the field on Sunday will bear the German company’s logo. Bjørn Gulden, the chief executive, says he ‘couldn’t have scripted it b…
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Madison Square Garden Sues Wired Magazine Over L.G.B.T.Q. Tracking Report
The Manhattan venue claims a July article from the technology magazine falsely implied that it tracked information about some celebrities’ sexual ori…
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Why Locals Are Gatekeeping Their Favorite Places From Tourists
As visitors flock to places like Mexico City, Milan and Copenhagen, residents are rethinking what they share, and who they share it with. from NYT …
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Cyclospora Investigation Turns to Farms in Mexico
The F.D.A. is planning to inspect farms and a lettuce shredding facility to determine how lettuce supplied by the produce company Taylor Farms to Tac…
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Taylor Farms to Remove Products After Lettuce Is Linked to Cyclospora Cases
The Salinas, Calif., company grows produce in more than 12 states, and in Mexico and Canada. Some Taylor Farms lettuce suspected of causing sickness …
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China’s Moonshot AI Unveils Kimi Model, Threatening America’s Lead
China’s Moonshot AI unveiled a freely available artificial intelligence model that seemed to narrow the gap with cutting-edge offerings from U.S. tec…
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How Companies Have Abandoned Their Climate Goals and Let Themselves Off the Hook
Big business made big promises about saving the planet. Following through hasn’t been easy. from NYT > Business https://ift.tt/khpoeFz
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New Prime Minister Faces Old Problems: How to Make Britain’s Economy Grow
Conversations with economists, and people around him, shed light on how Andy Burnham might tackle entrenched challenges. from NYT > Business htt…
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Truth Social Parent to Sell Faster Access to Trump’s Posts
The product, Truth API, could give Wall Street trading firms an edge in seeing President Trump’s posts on the social media platform he partly owns. …
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Netflix Revenue Grows 13% to $12.6 Billion
The company’s second-quarter earnings were largely in line with Wall Street’s expectations. from NYT > Business https://ift.tt/EIJfm3v
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Senators Grill Justice Dept. Officials on New York Times Subpoenas
Democrats questioned the acting attorney general, Todd Blanche, and a U.S. attorney about subpoenas issued to Times journalists who reported on secur…
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Treasury to Begin Minting $1 Gold Trump Coins Featuring President’s Face
Critics question whether the coins are legal and argue that President Trump is using the currency to celebrate himself. from NYT > Business http…
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Warren Buffet Declines to Donate to Gates Foundation Amid Epstein Revelations
The decision by the Berkshire Hathaway founder comes in the wake of Epstein revelations that have troubled the Gates Foundation. from NYT > Busi…
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Trump Paid $2 Million by South Korean Company Facing Trade Investigation
The payment illustrates the minefield Mr. Trump has created by maintaining personal financial ties with foreign businesses while he is in office. f…
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White House Cheers Inflation Data While Iran War Sparks New Price Surge
The news of an improvement in consumer prices in June came as the U.S. and Iran escalated attacks, risking a return to high energy prices. from NYT…
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Oil Rises Above $85 a Barrel as Gulf Clash Escalates
Brent crude, the international benchmark, breached $85 per barrel for the first time in a month. from NYT > Business https://ift.tt/9kV6Lnf
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Trump’s Strait of Hormuz Fee Could Double the Cost of Shipping
The potential expense of a 20 percent charge to move oil and other goods through the strait has stirred concern among shippers. from NYT > Busin…
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5 New Roller Coasters to Make You Scream This Summer
Let the adrenaline flow on coasters that will shoot you high in the air, spin you around and turn you upside down. You’ll definitely want a second ri…
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U.A.W. President Says He’s the Victim of ‘Bogus Allegations’
A grand jury is investigating whether Shawn Fain used his position to seek favors for his fiancée and retaliated against the union official who denie…
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Oil Rises After Weekend of Back-and-Forth Strikes by U.S. and Iran
The renewed hostilities posed fresh risks to ships seeking to navigate the Strait of Hormuz. from NYT > Business https://ift.tt/YUfxkiD
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States Prepare Lawsuit to Block Paramount’s Merger With Warner Bros.
State attorneys general are said to be getting ready to file a lawsuit as soon as this week to halt the $111 billion deal, a potential major obstacle…
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‘Moana’ Falters at the Box Office, Casting Doubt on Disney’s Formula
The live-action remake took in roughly $43 million over the weekend in North America, about 30 percent less than Disney had expected. from NYT >…
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Big-Box Retailers Have a New Strategy for Breaking Into Urban Markets
As more states and municipalities continue their push to build affordable housing, companies like Costco and Target are riding along and getting thei…
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How Putin Turned Japan Into a Den of Spies
Operating out of a Tokyo high-rise, a military intelligence unit finds the high-tech equipment that Russia needs to wage war. from NYT > Busines…
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Kids Can’t Stop Watching ‘Moana.’ There’s a Scientific Explanation.
The 2016 release has become the most watched movie on Disney+. Parents and experts explain why kids can’t get enough. from NYT > Business https:…
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Times Journalists Subpoenaed as Trump Escalates Pressure on Media
The Justice Department is seeking to compel testimony from reporters who wrote about the new Air Force One. The Times called the move a “brazen act.”…
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New York Times Accuses Federal Employment Agency of Retaliation
A May lawsuit by the Equal Employment Opportunity Commission claims the newspaper discriminated against a white male employee who did not get a promo…
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SK Hynix Stock Rises on First Day of US Trading
SK Hynix began trading at $170 a share, above its initial public offering price of $149, in the latest test of investor demand for A.I.-related compa…
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China, Russia and Others Seek to Inflame Debate Over A.I. Data Centers
State actors in China, Russia and Iran have sought to exploit the U.S. public debate over the effects of the technology. from NYT > Business htt…
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Delta, United and Other Airlines Are Offering Lower-Cost Business Class Options: What to Know
Delta is the latest U.S. airline to introduce stripped down, luxury-class fares. What do you get for your money, and is it worth it? What you need to…
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The World Cup’s Biggest Match Is Nike Vs. Adidas
Second place in the hearts and wallets of Americans isn’t good enough for the world’s largest sportswear companies, who bet big on the tournament. …
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Oil Prices Rise Further After U.S. and Iran Trade Another Round of Strikes
Choppy trading in stocks and bonds also reflected anxiety among investors about the war’s effects on inflation and growth. from NYT > Business h…
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At Warsh’s First Fed Meeting, Some Officials Signaled Support for Raising Interest Rates
Minutes from Kevin M. Warsh’s first meeting as chairman showed heightened unease about inflation, which is running at a three-year high. from NYT &…
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EU Rejects Plea to Pause Troubled EES Biometrics System at Airports Ahead of Summer Rush
E.U. leaders rebuffed a plea from the aviation industry to pause the biometric checkpoints, which have caused long lines and missed flights. Summer t…
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Oil Prices Jump After Renewed Strikes in Gulf Put Shipping Recovery at Risk
Attacks on ships in the Strait of Hormuz sparked a new cycle of retaliation that could throttle the flow of energy from the region. from NYT > B…
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Germans Don’t Love Budweiser. It Won’t Take No for an Answer.
Not for the first time, Budweiser is trying to make it in Germany. But this is a tough time to sell German drinkers on the image and taste of America…
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Is ‘The View’ a News Show? ABC Says That’s Already Settled.
In a new filing, ABC said that the F.C.C. had ruled in 2002 that “The View” was a “bona fide news program.” from NYT > Business https://ift.tt/K…
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New Strikes on Ships in Strait of Hormuz Test U.S.-Iran Cease-Fire
A U.S. official said Iranian missiles struck two commercial ships. There was no immediate comment from Iranian officials on the reported attacks. f…
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Samsung Made More Profit Last Quarter Than the Last Two Years Combined
The A.I. boom has propelled the South Korean tech giant’s earnings, but its shares sank as investors had even loftier expectations. from NYT > B…
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George E. Johnson, Who Built a Black Hair-Care Empire, Dies at 99
Mr. Johnson’s hair product company, a longtime sponsor of “Soul Train,” was the first Black-owned company listed on a major American stock exchange. …
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Richard H. Glanton, Combative Head of Barnes Foundation, Dies at 79
In the 1990s, he took 80 of the art institution’s paintings on tour — going against the founder’s wishes — to raise money for a renovation. from NY…
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Comcast Adds Heft With Sky’s Deal for British Broadcaster ITV
The $2.1 billion purchase would combine two major British media outlets and help the Comcast-owned Sky compete with streaming giants. from NYT >…
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The Chinese Company That Could Start a Trade War With Europe
Nuctech’s rise from a Chinese state-backed start-up to a global border-security supplier has made it a lightning rod in trade and subsidy disputes. …
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Wikipedia Is Battling for the Soul of the Internet
The internet’s largest stockpile of free knowledge is under threat from MAGA, A.I. and foreign autocrats. A bibliophile ex-ambassador is here to help…
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In San Francisco’s A.I. Era, Even $180,000 Tech Salaries Are No Longer Enough
As OpenAI and Anthropic prepare to go public, tech workers making six figures are grousing that they cannot compete with the new A.I. elite. Some dou…
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The Rise of Racetrack Country Clubs: ‘Racing Is Golf on Steroids’
A motorsports club north of Miami, on former orange groves, is being built to cater to enthusiasts and well-heeled novices eager to hit the gas and p…
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David S. Doty, Judge Who Helped Shape the Modern N.F.L., Dies at 96
He presided over the 1993 agreement that led to free agency and the salary cap, and for years oversaw the league’s disputes with its players. from …
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The Hottest Stock Markets Lead to the Biggest Losses
Investor enthusiasm culminated in some of the worst cases of wealth destruction in the last 100 years, a long-running study shows. from NYT > Bu…
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Egg Producers to Pay $3.3 Million to Settle Federal Price-Fixing Lawsuit
The companies also agreed to donate more than 53 million eggs to food banks and nonprofits in 17 states that joined the federal government in the ant…
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Less Than 10 Percent of Eligible Children Have Trump Accounts
More than six million have been signed up for the investment accounts, which open for contributions July 4, but there are barriers to uptake. from …
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Chanel Is Buying Charvet, the World’s Oldest Shirt Maker
The French luxury group is acquiring Charvet, a Parisian brand that dates to the 1830s, in a bid to add some men’s wear savoir-faire to its portfolio…
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Trump Administration Delivers Lucrative Win for Its Kratom Allies
In moving to ban a potent synthetic version of kratom, the president’s team paved the way for more sales for makers of rival botanic supplements, who…
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Who Can Sell ‘6 7’ Chicken Nuggets? One Company Is Asking a Court to Decide.
The meat and poultry giant Perdue said in a lawsuit that Soules Foods copied its packaging that is based on a meme popular with children. from NYT …
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