Business Update

The shipping traffic and factories never stop in China’s port city of Ningbo, but the local housing market has crashed and nearby restaurants sit empty. Source link

President Trump is set to announce his choice to replace Jerome H. Powell as chair of the Federal Reserve, saying it is someone “known to everybody in the financial world.” Source link

President Trump has said he wants American control of the canal, putting the longtime ports operator, CK Hutchison, in the cross-hairs of the U.S.-China trade conflict. Source link

Loloi stockpiled rugs from India, Turkey and other countries in advance, but inventory is running low. Source link

Tariffs have protected some companies, but more often they’ve hit the parts and materials many factories need to make finished goods. Source link

Companies like Microsoft and Meta are still spending big on artificial intelligence. But investors remain antsy about seeing results. Source link

The changes are expected to include significant layoffs in areas like sports and international coverage. Source link

A federal jury found that Linwei Ding stole thousands of confidential files to help him start a company in Beijing. Source link

Bowing to Trump administration pressure, the new legislation improves conditions for foreign oil companies and opens the way to slash the taxes they pay. Source link

The expansion of the Murdoch tabloid from its New York roots to the West Coast is the latest sign of the outlet’s national ambitions. Source link