Powell Faces Pressure From Multiple Fronts as Fed Prepares to Cut Rates
The chair of the central bank is dealing with internal divisions while being besieged by President Trump and front-runners jockeying to replace him. Source link
Business Update
Read More
China’s Trade Surplus Climbs Past $1 Trillion for First Time
President Trump’s tariffs weren’t enough to hold back the global export flood by China, which pushed past last year’s record in just 11 months. Source link
China’s Weak Currency Is Powering Its Exports and Drawing Criticism
China’s renminbi is lagging the currencies of key trading partners, making Chinese goods and services cheap and helping to drive exports. Source link
Bessent Says He Divested From Soybean Farms After Ethics Office Warning
The Treasury Secretary said on Sunday he recently shed his holdings to comply with his federal ethics agreement. Source link
Dario Amodei on the Risk of an A.I. Bubble, Regulation and A.G.I.
The Anthropic chief executive spoke with Andrew Ross Sorkin at the DealBook Summit. Source link
A Data Center Wrapped in a Mystery Comes to the New Mexican Desert
As wealthier areas are pushing back against huge A.I. data centers, speculators are pitching places like Doña Ana County, N.M., on their vision. Local officials are eager for a deal — even if they don’t quite know the terms. Source link
Social Security at 70? Why the Gold Standard Advice Works for Only a Few
The standard advice is to hold off, but most retirees claim the benefit as soon as they can, at age 62. Here’s what to know when you’re planning the unplannable. Source link
Netflix Deal for Warner Bros. Adds New Twist to Rivalry With HBO
Netflix’s blockbuster deal to buy Warner Bros., including HBO, is the latest twist in a rivalry that has reshaped the entertainment industry. Source link
Crayola Magnetic Blocks Are Recalled Over Choking Hazard Concerns
Magnets in the toy, pip-Cubes, can fall out of the blocks and be swallowed by children, causing injury or death, federal regulators warned. Source link
Don’t Call It a Pivot. These Executives Are ‘Refounding’ Their Start-Ups.
In the age of artificial intelligence, some company leaders are framing new business lines as radical reboots. Source link