After Trump’s Tariff Threat, Is a China Currency War Next?

Scott Bessent Helped ‘Break’ the Bank of England. Now He’ll Run the U.S. Treasury.

Scott Bessent’s former colleagues and rivals see the prospective Treasury secretary as a thoughtful choice with a broad understanding of financial markets.

Published: 2024-11-26 22:07:03

Tariff Threats Show Trump’s Commitment to Upending Global Trade

The president-elect’s threat to hit Canada, Mexico and China with new tariffs is already rocking business and diplomatic relationships and could topple the trade pacts he signed in his first term.

Published: 2024-11-26 23:01:07

Walmart Pulls Back on D.E.I. Initiatives Amid Conservative Pressure

Among other things, the retailer will no longer use the term D.E.I.

Published: 2024-11-26 18:53:12

Trump’s Tariffs Would Deal a Big Blow to the Auto Industry

Automakers and parts suppliers would struggle if President-elect Donald J. Trump followed through on his threat to impose 25 percent tariffs on imports from Canada and Mexico.

Published: 2024-11-26 22:24:27

China’s Huawei Takes Aim at Apple With Latest Smartphone

Last year, a chip breakthrough put Huawei on top of the Chinese smartphone market. Now it is rolling out its newest phone, the Mate 70 series.

Published: 2024-11-26 09:02:39

Macy’s Discovers Employee Hid Millions in Delivery Expenses

The department store chain said it had found the erroneous accounting entries while preparing its results for the third quarter.

Published: 2024-11-26 05:23:31

Yes, It ‘Looks Like a Duck,’ but Carriers Like the New Mail Truck

The electric trucks have a side cargo door, more space and, critically, air-conditioning, promising some long-overdue relief for carriers, who haven’t had an upgrade since the 1980s.

Published: 2024-11-26 21:46:42

Biden Cuts Intel’s Chip Award by More Than $600 Million

The Silicon Valley company will receive less money from the CHIPS Act after winning a $3 billion military contract and changing some of its investment commitments.

Published: 2024-11-26 16:18:28

How Trump Could Upend Electric Car Sales

Fewer people will be able to afford electric cars and trucks if President-elect Donald J. Trump and Republicans in Congress eliminate a $7,500 federal tax credit.

Published: 2024-11-25 17:56:02

Trump’s Tariff Threat Pits Canada Against Mexico

The president-elect’s opening salvo in trade and border talks with the United States’ neighbors is casting a harsh light on the North American alliance.

Published: 2024-11-26 23:02:20

Saudi Arabia and Russia Block Mention of Fossil Fuel Exit in Climate Resolution

A handful of oil-producing nations ensured that a United Nations General Assembly resolution on climate change steered clear of a call to transition away from fossil fuels.

Published: 2024-11-26 21:19:00

Fed Minutes Show Options Are Open on Interest Rate Cuts

Minutes from a Nov. 6-7 meeting showed that Federal Reserve policymakers favored lowering rates “gradually.”

Published: 2024-11-26 22:07:02

Starbucks Among Companies Affected by Ransomware Attack

Blue Yonder, which provides supply chain management software for thousands of companies, said a cyberattack had disrupted some services.

Published: 2024-11-26 17:22:22

Mexican President Mulls Retaliatory Tariffs After Trump’s Threats

President Claudia Sheinbaum responded to President-elect Trump’s threat to impose high tariffs, saying such a move would inflict damage on both countries.

Published: 2024-11-26 20:29:41

New Obesity Drug MariTide Helps Patients Lose Up to 20% of Weight, Early Data Shows

The drug, which is named MariTide and delivered in a monthly injection, is some time away from being sold.

Published: 2024-11-26 19:27:06

Has Social Media Advice Affected Your Finances? We Want to Hear From You.

If you have come across misleading personal finance advice online, tell us. We may include your experiences in an article.

Published: 2024-11-26 14:31:08

Trump’s Tariff Threat Roils Global Markets

The dollar gained and investors sold off stocks after the president-elect promised to levy new restrictions on the United States’ biggest trade partners.

Published: 2024-11-26 13:06:31

After Trump’s Tariff Threat, Is a China Currency War Next?

While China could offset American tariffs by letting its currency fall, that might endanger Beijing’s recent efforts to stabilize the economy.

Published: 2024-11-26 19:01:49

FIFA President’s Bet on Club World Cup Meets Reality

Gianni Infantino has tied his legacy to the 32-team tournament, even inscribing his name on the trophy. Its success is far from guaranteed.

Published: 2024-11-26 10:04:18

The Best Travel Deals for Black Friday and Travel Tuesday

Our Frugal Traveler columnist waded through the sales, and found some of the best bargains she’s seen in years.

Published: 2024-11-26 19:42:17

Kate Raworth Looked Beyond G.D.P. to Create ‘Doughnut Economics’

With “Doughnut Economics,” Kate Raworth looks instead at planetary well-being.

Published: 2024-11-26 10:01:49

Mette Lykke Helps Keep Food Out of the Trash in 19 Countries

Mette Lykke leads Too Good to Go, which operates in 19 countries to reduce waste and make surplus food accessible.

Published: 2024-11-26 10:00:46

Hummingbirds’ Flight Offers Clues to Improve Drones

Scientists study the flight of hummingbirds to design robots for drone warfare.

Published: 2024-11-26 08:00:21

Rocket Engine Fire Stalls Japan’s Ambitions to Launch Satellites

Japan is off to a shaky start in its efforts to break into the space rocket market dominated by Elon Musk’s SpaceX.

Published: 2024-11-26 07:57:30

China’s Police Are Preying on Small Firms in Search of Cash

With localities facing budget holes, the police are crossing provincial borders to collect fines and draining company treasuries. Businesses call it a shakedown.

Published: 2024-11-26 05:00:11

Margrethe Vestager, the World’s Top Tech Cop, Is Making Her Exit

Margrethe Vestager, the European Union’s antitrust regulator, who put technology’s harms on the global agenda, reflected on a decade of taking on the biggest companies and what comes next.

Published: 2024-11-26 05:00:09

EV Project to Get $6 Billion in Federal Loan

The financing for a factory in Georgia is part of a last-minute effort to establish climate policies before President-elect Donald J. Trump takes office.

Published: 2024-11-26 15:26:56

Trial of Controversial Alzheimer’s Drug Halted After Disappointing Results

Cassava Sciences said that its drug did not significantly reduce cognitive decline in 1,900 people with mild to moderate Alzheimer’s disease.

Published: 2024-11-26 01:42:26

Trump Plans Tariffs on Canada, China and Mexico That Could Cripple Trade

The president-elect said that he would impose the across-the-board tariffs on Day 1 and that they would stay in place until Canada, Mexico and China halted the flow of drugs and migrants.

Published: 2024-11-26 17:58:08

Kohl’s Picks C.E.O. of Michaels to Help It Turn Around

Ashley Buchanan will be the third chief executive of the department store chain since 2018.

Published: 2024-11-25 23:39:17

Do You Use Online Betting Markets? Tell Us About It.

The New York Times is covering the rise of online betting markets. We want to hear about the experiences of people who use them, either for recreational purposes or as a source of income.

Published: 2024-11-25 18:37:32

The ‘Rocket Docket’ Judge Who Will Decide the Fate of Google’s Ad Technology

The ruling by a federal judge, Leonie Brinkema, in an antitrust case over Google’s advertising technology could add to the internet company’s woes.

Published: 2024-11-25 19:06:05

Steve Witkoff, Trump’s Middle East Envoy, Has Ties to Oil-Rich Nations

Steve Witkoff’s involvement with two sovereign wealth funds as he bought and then sold Manhattan’s Park Lane Hotel demonstrates the potential conflicts his new role will present.

Published: 2024-11-25 21:44:57

Can Wall Street Billionaires Deliver on Trump’s Blue-Collar Promise?

The president-elect has named wealthy financiers for key economic positions, raising questions about how much they will follow through on promises to help the working class.

Published: 2024-11-26 15:55:27

Steel Maker ThyssenKrupp to Slash 11,000 Jobs in Germany

The venerable steel producer, which has been struggling against high energy prices at home and growing competition from abroad, is the latest company in Europe to cut its work force.

Published: 2024-11-25 15:53:52

Regulator Sues Anti-Police Activist Who Spent Charity Funds on Himself

Brandon Anderson, who used his nonprofit’s accounts to rent mansions and buy luxury clothes, was featured in a New York Times story in August.

Published: 2024-11-25 14:42:13

The Markets Cheer Trump’s Treasury Pick, Scott Bessent

Investors seemed to signal their approval for Scott Bessent as a safe choice to implement the president-elect’s economic agenda.

Published: 2024-11-25 15:36:21

DHL Cargo Plane Crashes Near Airport in Lithuania, Killing 1

The crash near Vilnius Airport sparked a fire in a residential area, officials said. One person on board was killed and three others were hospitalized.

Published: 2024-11-25 21:31:56

Washington Curtails Intel’s Chip Grant After Company Stumbles

The Biden administration is reducing its award to the chip maker, partly to account for a multibillion-dollar military contract.

Published: 2024-11-25 03:02:48

Without Drama or Banana, Art Auctions Struggle

Beyond the headline-grabbing sales of the fall auction season, the market tries to soar beyond its two-year slump.

Published: 2024-11-24 16:25:11

Former BP Chief Joins A.I. Data Center Developer

Bernard Looney will join Prometheus Hyperscale, a Wyoming start-up, to help it address the enormous energy needs of the artificial intelligence industry.

Published: 2024-11-24 16:29:32

Connecticut Couple Charged in $1 Million Theft of Lululemon Goods

Investigators said the couple used trickery and misdirection to steal merchandise from Lululemon stores in at least five states.

Published: 2024-11-24 19:12:50

How Southwest Airlines Lost Its Groove

For decades, the company made money even as other airlines stumbled and went bankrupt. But the carrier has struggled to adapt to changes in air travel.

Published: 2024-11-24 10:02:36

‘Wicked’ and ‘Gladiator II’ Jump-Start the Box Office, but at a Cost

Battling a 27 percent decline in domestic ticket sales compared with before the pandemic, studios left no marketing drum unthumped in releasing the movies.

Published: 2024-11-24 16:49:20

Book Review: ‘American Bulk: Essays on Excess,’ by Emily Mester

In an eye-opening collection, Emily Mester considers why she, and we, seek satisfaction by obsessively choosing, buying and rating the objects we desire.

Published: 2024-11-24 10:00:58

Do Coding Boot Camps Make Sense in an A.I. World?

Coding boot camps once looked like the golden ticket to an economically secure future. But as that promise fades, what should you do? Keep learning, until further notice.

Published: 2024-11-25 03:16:24

Reading, With Extra Cheese: Remembering Pizza Hut’s ‘Book It!’

Reporting on the 40th anniversary of the popular pizza literacy program sent one writer on a mozzarella-scented memory trail.

Published: 2024-11-25 21:33:55

How to Handle Trash Talk at Work

One of my co-workers criticized another in Spanish. Should I tell them that they were understood?

Published: 2024-11-24 08:00:22

How Scott Bessent Went From Democratic Donor to Trump Treasury Secretary Pick

The hedge fund investor predicted last year that President-elect Donald J. Trump’s political fortunes were on the rise.

Published: 2024-11-23 18:19:44

So Many Days Lost at the Doctor’s Office

Medical care can be wearying and time-consuming, especially for seniors. Researchers are beginning to quantify the burdens.

Published: 2024-11-23 15:25:39

Stock for Sale by Cabinet Members

Trump’s picks for Treasury secretary and commerce secretary both lead Wall Street firms. Here’s what that could mean for their finances and businesses.

Published: 2024-11-23 21:29:15

Biden’s Chief Economist Processes the Election With ‘Confusion, Guilt’

Jared Bernstein, the chair of the White House Council of Economic Advisers, was a leading architect of “Bidenomics.”

Published: 2024-11-23 13:00:02

Trump Promised to Halve Energy Costs in 18 Months. Experts Have Doubts.

A president has little control over global oil markets, economists say.

Published: 2024-11-23 14:09:17

Republicans Ponder: What if the Trump Tax Cuts Cost Nothing?

Some in the party are considering alternative ways of assessing the federal budget as they prepare to extend temporary tax cuts passed in 2017.

Published: 2024-11-23 10:03:03

How People Are Earning Thousands Investigating Pandemic Fraud

Some private citizens are hunting for potential cases of fraud tied to small-business loans. They have earned big payouts — in some cases, more than $1 million.

Published: 2024-11-23 10:00:56

Trump’s Trade Agenda Could Benefit Friends and Punish Rivals

Donald Trump has a record of pardoning favored companies from tariffs. Companies are once again lining up to try to influence him.

Published: 2024-11-24 00:47:25

As Threat of Trump Tariffs Looms, Europe’s Leaders Seek Greater Unity

At a conference in Paris, corporate chiefs, finance ministers and top politicians called for a “Europe First” policy to counter Donald Trump’s protectionist agenda.

Published: 2024-11-23 05:01:56