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Showing posts from May, 2025

Trump Gives Elon Musk an Oval Office Farewell

Mr. Musk, who says he will devote more time to his private companies, never came close to achieving his goal of cutting $1 trillion from the federal budget. source https://www.nytimes.com/2025/05/30/us/politics/trump-elon-musk.html

Video Game Union Reaches Deal on Industry-First Contract at Microsoft

The agreement includes across-the-board wage increases of 13.5 percent. source https://www.nytimes.com/2025/05/30/business/microsoft-video-game-union.html

Trump Makes a New Push to ‘Decouple’ U.S. From China

Trump administration officials are getting a second chance to try to sever ties with China by starting a trade war, imposing export controls and revoking student visas. source https://www.nytimes.com/2025/05/29/us/politics/trump-china-visas-tariffs.html

Supreme Court Curbs Scope of Environmental Reviews

The question for the justices was whether an agency had complied with a federal law by issuing a 3,600-page report on the impact of a proposed railway in Utah. source https://www.nytimes.com/2025/05/29/us/politics/supreme-court-environmental-reviews.html

U.S. Pauses Exports of Jet Engine Technology and Chip Software to China

President Trump has stopped some critical products and technologies made only in the United States from flowing to China, flexing the government’s power over global supply chains. source https://www.nytimes.com/2025/05/28/business/economy/jet-engine-chip-software-exports-to-china.html

Tom Robbins, Versatile Muckraker for The Village Voice, Dies at 76

He exposed corrupt officials and greedy landlords, and his reporting on prison violence was a finalist for the Pulitzer Prize. source https://www.nytimes.com/2025/05/28/business/media/tom-robbins-dead.html

Fed ‘Well Positioned’ to Wait on Rate Cuts Even as Economic Risks Rise, Minutes Show

Officials at the Federal Reserve have adopted a wait-and-see approach to policy moves amid extreme uncertainty about the economic outlook. source https://www.nytimes.com/2025/05/28/business/fed-interest-rates-inflation-tariffs.html

French Crypto Chiefs Step Up Security After Violent Kidnappings

​Big players in the crypto sector argue that new European cryptocurrency rules may be enabling recent abductions and are demanding changes and more security. source https://www.nytimes.com/2025/05/27/world/europe/france-crypto-kidnappings.html

Trade Crime Soars as Trump’s Tariffs Hit

President Trump’s steep global tariffs have supercharged efforts to evade them. Some U.S. companies say the government is ill-equipped to keep up. source https://www.nytimes.com/2025/05/27/business/economy/trump-tariffs-trade-crime.html

Land Snorkeling? Townsizing? A User’s Guide to the Latest Travel Lingo.

Here are eight terms, some brand-new, others recently resurfaced, that match today’s travel trends. source https://www.nytimes.com/2025/05/27/travel/new-travel-terms.html

Japan Will Spend $6.3 Billion to Shield Its Economy From Trump’s Tariffs

Lawmakers approved a plan to help companies and consumers as officials bargain in Washington for relief from debilitating auto levies. source https://www.nytimes.com/2025/05/27/business/japan-economy-trump-tariffs.html

China’s Soft Spot in Trade War With Trump: Risk of Huge Job Loss

A chronic housing slowdown and high youth unemployment rate have made China more vulnerable than it was in President Trump’s first term. source https://www.nytimes.com/2025/05/27/business/china-unemployment-jobs.html

House Bill Takes Aim at Tax Break for Sports Owners

The legislation cuts in half a tax write-off potentially worth hundreds of millions to some professional sports team owners. source https://www.nytimes.com/2025/05/26/business/house-budget-bill-taxes-sports-owners.html

Electric Vehicles Died a Century Ago. Could That Happen Again?

Battery-operated vehicles were a mainstay more than a hundred years ago, but only a few still exist — one happens to be in Jay Leno’s garage. source https://www.nytimes.com/2025/05/26/business/electric-vehicles-history.html

‘Lilo & Stitch’ and ‘Mission: Impossible’ Add to a Box Office Boomlet

Moviegoing in the United States and Canada has rebounded over the last two months. Theater owners credit a wider variety of releases. source https://www.nytimes.com/2025/05/25/business/media/lilo-stitch-mission-impossible-sinners-box-office.html

Trump Allies Look to Benefit From Pro Bono Promises by Elite Law Firms

Veterans, in particular, are seeking free legal work from firms that cut deals with the White House like Skadden, Kirkland & Ellis and Paul Weiss. source https://www.nytimes.com/2025/05/25/business/trump-law-firms-pro-bono.html

Qatari Push to Dominate Another Sport, Table Tennis, Draws Scrutiny

A wealthy Qatari businessman’s campaign to lead the sport’s global body is being investigated. One of his critics was detained and interrogated in Doha. source https://www.nytimes.com/2025/05/25/world/middleeast/qatar-table-tennis.html

Trump Says US Steel Will Become Partners With Nippon Steel

President Trump’s statement appeared to approve a deal linking the U.S. and Japanese steel makers that had been blocked on national security grounds. source https://www.nytimes.com/2025/05/23/business/us-steel-nippon-trump.html

Boeing to Avoid Guilty Plea With DOJ Over 737 Max Crashes

A deal between the plane maker and the Justice Department, which was opposed by some of the families of those who died in the crashes, includes paying millions into a victims’ fund. source https://www.nytimes.com/2025/05/23/business/boeing-doj-737-max-crashes.html

This Lululemon 2-in-1 Maxi Dress Is Dividing TikTok

A Lululemon “2-in-1” maxi dress has become a lightning rod for debate. It is also mostly sold out. source https://www.nytimes.com/2025/05/23/style/lululemon-maxi-dress-debate-tiktok.html

Ex-McKinsey Partner Sentenced in Obstruction Case

The consultant had deleted records involving McKinsey’s role in pushing OxyContin sales and driving the opioid crisis. source https://www.nytimes.com/2025/05/22/business/mckinsey-obstruction-opioids.html

Winners of an ‘Exclusive Invitation’ to Dine With Trump Will Gather Tonight

The sale of access to the president to investors in his memecoin has been assailed by Democrats and even some Republicans as unethical. source https://www.nytimes.com/2025/05/22/us/politics/trump-memecoin-dinner.html

Without a Prenup, David Geffen’s Divorce Could Get Interesting

The billionaire’s marriage to David Armstrong ended with the familiar “irreconcilable differences.” Is Mr. Geffen’s fortune in jeopardy? source https://www.nytimes.com/2025/05/22/style/david-geffen-divorce-prenup.html

How ‘No Tax on Tips’ Would Affect Waiters, Drivers and Diners

Proposed changes making their way through Congress would benefit many employees, but many details are still in flux. source https://www.nytimes.com/2025/05/21/dining/no-tax-on-tips-bill.html

Monroe Milstein, Burlington Coat Factory Founder, Dies at 98

His was not exactly a rags-to-riches story, but his family made $1.3 billion from an original down payment of $75,000 in savings. source https://www.nytimes.com/2025/05/21/business/monroe-milstein-dead.html

Moody’s Downgrades U.S. Credit Rating Below Triple-A

Now all three major credit rating firms no longer give the United States their best rating. source https://www.nytimes.com/2025/05/16/business/us-credit-downgrade-moodys.html

Boeing May Avoid Guilty Plea With DOJ Over Deadly 737 Max Crashes

A decision by the Justice Department not to pursue a guilty plea from Boeing would be the latest about-face in a long effort to hold the plane maker accountable for the crashes of two 737 Max jets. source https://www.nytimes.com/2025/05/16/business/boeing-737-max-crashes-guilty-plea.html

Trump Scolded Companies for Raising Prices. Do They Have a Choice?

Economists say companies generally have to pass along the cost of tariffs. But populists on the left and right say the president may have a point. source https://www.nytimes.com/2025/05/20/business/trump-tariffs-price-increases.html

G7 Officials Gather Amid Headwinds From Trump’s Trade War

Treasury Secretary Scott Bessent will meet his international counterparts at a G7 finance ministers meeting in Canada. source https://www.nytimes.com/2025/05/20/us/politics/g7-canada-trump-trade-war.html

Spain Orders Airbnb to Take Down 66,000 Rental Listings

The government is widening a crackdown on tourist rentals as it seeks to alleviate a painful housing crunch. source https://www.nytimes.com/2025/05/19/business/airbnb-listings-spain.html

How to Travel Without a Phone

Leaving your device at home might seem daunting, but it can result in a deeper connection to a place and more authentic interactions with locals. source https://www.nytimes.com/2025/05/19/travel/travel-without-phone.html

Markets Head Lower in Wake of Concerns About U.S. Debt

A downgrade by Moody’s amplified some existing worries about the cost of President Trump’s policies and the health of the U.S. economy. source https://www.nytimes.com/2025/05/19/business/stock-markets-moodys-sp500.html

Publix Recalls Baby Food Pouches Over Lead Contamination Concerns

The voluntary recall was prompted after routine testing. It is the second such recall recently of baby food over possible lead contamination. source https://www.nytimes.com/2025/05/18/business/publix-baby-food-recall-lead.html

Minnesota Iron Miners Lost Their Jobs, But Not Their Faith in Trump’s Tariffs

With demand for steel down and a trade war underway, miners in the Iron Range of Minnesota are feeling the hit. But they hope better times are ahead. source https://www.nytimes.com/2025/05/18/business/trump-tariffs-mining-steel.html

Capital One to Pay $425 Million to Settle Suit Over Savings Accounts

Depositors said the bank cheated them out of higher interest rates. As part of the settlement, the bank admitted no wrongdoing and agreed to make up for lost interest earnings. source https://www.nytimes.com/2025/05/17/business/capital-one-settlement-savings-accounts.html

Starbucks Baristas Stage Walkouts Over Dress Code Change

Their union objected over the unilateral policy change. Starbucks said the disruption has been minimal. source https://www.nytimes.com/2025/05/16/business/starbucks-strike-baristas-walk-outs.html

In the U.S., a Summer Travel Slump Looms

Many airlines, hotels and analysts are forecasting a downbeat tourism season in America, as threats of tariffs and unpopular policy decisions take their toll. source https://www.nytimes.com/2025/05/16/travel/us-summer-travel-trump.html

Trump-Kushner Hotel Project in Serbia Hits a Snag: Alleged Forgery

Serbian authorities say an official admitted to forging a document allowing a protected site in Belgrade to be demolished and replaced with a Trump hotel. source https://www.nytimes.com/2025/05/14/us/politics/trump-kushner-hotel-serbia.html

Trump’s Computer Chip Deals With Saudi Arabia and UAE Divide US Government

Big deals to sell chips to the U.A.E. and Saudi Arabia have divided the U.S. government over whether they could be remembered for shipping cutting-edge A.I. overseas. source https://www.nytimes.com/2025/05/15/business/economy/trump-chips-ai-uae.html

Bondi Sold Millions in Trump Media Stock the Day Trump Imposed Vast Tariffs

The sale was expected, and the disclosure form did not include details of the transaction, including specific timing or the number of shares Ms. Bondi traded. source https://www.nytimes.com/2025/05/15/us/politics/bondi-trump-media-stock.html

What Is ‘Debanking’? How the Right to a Bank Account Became Political.

There is a degree of political agreement over so-called debanking, but no easy answers to the hot topic in Washington. source https://www.nytimes.com/2025/05/15/business/trump-debanking-crypto.html

Funeral Homes Are Forced to Innovate as Consumer Preferences Shift

As cremation rates rise and consumer preferences shift, funeral homes are innovating in surprisingly unconventional ways so they don’t die out. source https://www.nytimes.com/2025/05/15/business/funeral-home-industry-innovations-cremation.html

World Economic Forum Investigating Allegations Against Founder Klaus Schwab

The board of the organization behind the annual Davos conference received a letter accusing Klaus Schwab, its former chair, of misusing funds and making inappropriate comments. source https://www.nytimes.com/2025/05/14/business/world-economic-forum-davos-klaus-schwab.html

DOGE Removes Dozens of Resurrected Contracts From Its List of Savings

Elon Musk’s group is no longer claiming credit for canceling those contracts after The New York Times reported that they were revived. source https://www.nytimes.com/2025/05/13/us/politics/doge-musk-contracts-trump.html

At Airbnb, New Services and ‘Experiences’

The company is introducing hotel-like services, along with a new selection of local tours and classes. source https://www.nytimes.com/2025/05/13/travel/airbnb-experiences-hotel-services.html

The Stock Market’s Boomerang Month Has Put Investors in a Bind

Although they long for more clarity about tariffs, investors feel they can’t sit on the sidelines as stocks climb. source https://www.nytimes.com/2025/05/13/business/stock-market-trump-tariffs.html

Trump Administration Considers Large Chip Sale to Emirati A.I. Firm G42

The firm, which the U.S. government scrutinized for its ties to China, is angling for hundreds of thousands of advanced artificial intelligence chips in a deal that could be finalized this week. source https://www.nytimes.com/2025/05/12/business/economy/trump-chip-sale-to-emirati-ai-firm-g42.html

Trump Family Bitcoin Company Announces Plan to Go Public

American Bitcoin, a cryptocurrency firm co-founded by Eric Trump, said it was merging with a company traded on the Nasdaq, the latest expansion of the family’s investments in crypto. source https://www.nytimes.com/2025/05/12/business/trump-american-bitcoin-crypto.html

Fed Official Still Bracing for Economic Slowdown Despite China Tariff Pause

Austan D. Goolsbee, president of the Chicago Fed, said there was still a risk of higher consumer prices and slower growth amid elevated uncertainty about the White House’s trade policy. source https://www.nytimes.com/2025/05/12/business/fed-economy-stagflation-trump-tariffs.html

Can More Military Spending Revive an Economy? This British Town Hopes So.

Britain is spending billions of pounds more on defense, but wants the money to go beyond nuclear submarines to improve local jobs and prosperity. Barrow-in-Furness may be the model. source https://www.nytimes.com/2025/05/12/business/uk-military-spending-economy.html

Asia Stocks Rise on Hope for Lower Tariffs After U.S.-China Talks

Investors were optimistic after American officials touted progress in trade negotiations over the weekend, though details had yet to be released. source https://www.nytimes.com/2025/05/11/business/us-china-trade-stock-market.html

Trump Plan Would Tie Some Drug Prices to What Peer Nations Pay

The president announced an executive order aimed at lowering U.S. drug costs, revisiting an idea that was blocked in court during his first term. source https://www.nytimes.com/2025/05/11/us/drug-prices-executive-order.html

Why Patients Are Being Forced to Switch to a 2nd-Choice Obesity Drug

CVS Caremark decided to stop offering Zepbound in favor of Wegovy for weight loss. It’s the latest example of limits imposed by insurance that disrupt treatments for patients. source https://www.nytimes.com/2025/05/11/health/zepbound-wegovy-weight-loss-drugs.html

The Tech Guys Are Fighting. Literally.

Not content to battle it out in the boardroom, crypto bros, tech executives and start-up founders have embraced an old-fashioned version of masculinity. source https://www.nytimes.com/2025/05/11/technology/tech-crypto-martial-arts.html

U.S. and China Will Meet for Second Day of Trade Talks

Top officials are scheduled to conclude their weekend of trade negotiations in Geneva on Sunday. source https://www.nytimes.com/2025/05/11/business/us-china-tariffs.html

Why America’s ‘Beautiful Beef’ Is a Trade War Sore Point for Europe

European officials call food safety standards a “red line,” as Trump administration officials criticize rules that keep American beef and other meats off grocery shelves. source https://www.nytimes.com/2025/05/11/world/europe/tariffs-farm-products-beef-meat-european-union-trump.html

Chinese Factories Are Moving Manufacturing to Vietnam to Escape Trumps Tariffs

A movement of manufacturing to Vietnam that began in President Trump’s first term is accelerating as sky-high U.S. tariffs block Chinese exports. source https://www.nytimes.com/2025/05/10/business/trump-tariffs-vietnam-china.html

U.S. Starts Investigation Into Imported Planes and Parts

The Trump administration could use the investigation to impose new tariffs on imported planes, jet engines and other aerospace parts. source https://www.nytimes.com/2025/05/09/business/trump-tariffs-planes-aviation.html

U.S.-U.K. Trade Deal Builds on Close Ties but Leaves Some Tariffs in Place

The agreement President Trump announced Thursday still needs to be finalized, but the administration said the deal with one of America’s closest allies would be the first of many. source https://www.nytimes.com/2025/05/08/business/economy/trump-britain-trade-tariffs.html

Kenneth Walker, 73, Journalist Who Bared Apartheid’s Brutality

He shared an Emmy for his reporting on “Nightline” about South Africa’s policy of racial segregation. The National Association of Black Journalists named him journalist of the year. source https://www.nytimes.com/2025/05/08/business/media/kenneth-walker-dead.html

Crypto Bill Stalls in the Senate as Democrats Balk

Democratic supporters of the measure to regulate parts of the industry refused to allow it to move forward amid concerns in their party that President Trump and his family are profiting from cryptocurrency. source https://www.nytimes.com/2025/05/08/us/politics/crypto-bill-senate.html

Trump Administration to Announce Trade Deal With Britain

A deal would be a positive sign for both governments, which have eyed an agreement since President Trump’s first term. source https://www.nytimes.com/2025/05/07/business/economy/trump-trade-britain.html

How Lost Radar and Silent Radios Have Upended Newark Air Travel

A technical outage in Philadelphia last week terrified air traffic controllers and stranded passengers. As the summer travel season looms, the F.A.A. is racing to address the problems. source https://www.nytimes.com/2025/05/07/us/politics/newark-airport-delays.html

Clarence O. Smith, a Founder of Essence Magazine, Is Dead at 92

As president, he helped persuade companies like Estée Lauder and Ford to advertise in the pages of the first mass-circulation magazine directed at Black women. source https://www.nytimes.com/2025/05/07/business/media/clarence-o-smith-dead.html

What to know about the Fed’s decision.

The U.S. central bank is widely expected to stick to a wait-and-see approach as officials brace for President Trump’s tariffs to stoke higher inflation and slower growth. source https://www.nytimes.com/live/2025/05/07/business/fed-interest-rates/what-to-know-about-the-feds-decision

Blackstone President Donates $125 Million to Tel Aviv University

The gift is the largest in Tel Aviv University’s history, and is expected to help relieve Israel’s shortage of doctors. source https://www.nytimes.com/2025/05/06/business/blackstone-tel-aviv-university-medical-school.html

Barbie Maker Mattel Plans to Raise Prices Because of Trump’s Tariffs

Mattel, the U.S. toy company, said it would increase prices of some U.S. toys, citing levies on Chinese imports. source https://www.nytimes.com/2025/05/06/business/mattel-barbie-trump-tariffs-prices.html

Fearing Trump, Some Law Firms Decline Pro Bono Immigration Cases

Fearing the wrath of President Trump, some elite law firms are declining pro bono work on lawsuits challenging the administration’s policies. source https://www.nytimes.com/2025/05/06/business/trump-law-firms-pro-bono-immigration.html

Ford Says Tariffs Will Cost Company $1.5 Billion in 2025

Ford Motor also reported a sharp drop in profits in the first three months of the year. source https://www.nytimes.com/2025/05/05/business/economy/ford-earnings-tariffs.html

Pulitzer Prizes: 2025 Winners List

Here is the full list of winners and finalists. source https://www.nytimes.com/2025/05/05/business/media/pulitzer-prize-winners-list.html

The New York Times Wins 4 Pulitzer Prizes

The New Yorker won three Pulitzers, and ProPublica was given the public service award for its coverage of the deadly consequences of state abortion bans across the country. source https://www.nytimes.com/2025/05/05/business/media/pulitzer-prize-winners.html

Oil Prices Slide Further on Plans to Increase Supply

U.S. oil prices fell to around $56 a barrel after the OPEC Plus cartel said it would bring more oil to market. source https://www.nytimes.com/2025/05/04/business/energy-environment/oil-prices.html

Trump Says He Will Put 100% Tariff on Movies Made Outside U.S.

Declaring foreign film production a national security threat, the president said he had asked his top trade official to start the process of imposing a tax on Hollywood. source https://www.nytimes.com/2025/05/04/business/trump-tariffs-movies.html

Highlights of Warren Buffett’s Life

Mr. Buffett, 94, was crowned the “Oracle of Omaha” because of smart investments he made as the chief executive of Berkshire Hathaway. He also made some mistakes. source https://www.nytimes.com/2025/05/04/business/buffett-timeline.html

How Warren Buffett Changed the Way Investors Thought of Investing

The idea of “value investing” had long existed. But no one did it as successfully or for as long as he did. source https://www.nytimes.com/2025/05/04/business/dealbook/warren-buffett-investing.html

Would the Housing Crisis Ease if Boomers Rented Out Their Empty Rooms?

Millions of single-family homes are underused, on spacious lots. Refitting them for “roommate houses” or backyard cottages could make a difference. source https://www.nytimes.com/2025/05/04/business/economy/housing-crisis-multifamily-adu.html

Trump’s Tariffs Create Fear and Uncertainty at Vietnam’s Factories

The threat of 46 percent levies, among the highest for any country, is rattling Vietnam’s factory managers and workers, as well as thousands of exporters. source https://www.nytimes.com/2025/05/04/business/trump-tariffs-vietnam-factories.html

Voters Approve Incorporation of SpaceX Hub as Starbase, Texas

The early vote tally on Saturday night was “well past” the majority needed to approve the incorporation of Starbase, an election official said. source https://www.nytimes.com/2025/05/03/business/spacex-starbase-south-texas-vote.html

US Hiring Stayed Strong Amid Early Days of Tariff Policy, Jobs Report Shows

The picture of a steady job market, even if backward looking, reassured investors worried about a trade-induced economic slowdown. source https://www.nytimes.com/2025/05/02/business/jobs-report-april-tariffs.html

Woman Says She Was Sexually Assaulted on American Airlines Flight

In a lawsuit filed last week, the woman said the airline did not come to her aid when a man attacked her on a red-eye flight last year. source https://www.nytimes.com/2025/05/01/travel/american-airlines-sexual-assault.html

SharkNinja Recalls 1.8 Million Pressure Cookers After Burn Reports

The company is recalling Ninja Foodi OP300 series pressure cookers that were sold between January 2019 and March 2025 after more than 100 reported burn injuries, officials said. source https://www.nytimes.com/2025/05/01/business/sharkninja-foodi-pressure-cooker-recall.html

As a Tariff Loophole Closes, Sellers Who Import From China Brace for Chaos

Independent vendors who sell on sites like Etsy and eBay are trying to blunt the pain from tariffs on low-cost Chinese-made goods. source https://www.nytimes.com/2025/05/01/business/trump-tariffs-china-online-sellers.html