“A lot of checks” Business leaders who had high hopes for the second Trump administration hadn’t signed up for the turmoil of his trade war. President Trump’s deals-focused visit to Saudi Arabia is more of what they had in mind. Leaving aside questions of how many of the multibillion-dollar agreements the administration announced on Tuesday…
The chief executive of UnitedHealth Group, Andrew Witty, stepped down from his post for “personal reasons,” the company said in a statement on Tuesday. The company also scrapped its financial forecast for this year because of higher than expected medical costs, saying only that it expected the company to “return to growth in 2026.” After…
Before the sun could rise over Los Angeles International Airport on a recent Tuesday, hundreds of Uber and Lyft drivers had formed a queue nearby, stretching around the block. It was 5 a.m., and the waiting game was about to begin. In a few minutes, the line of cars would file into a fenced-off parking…
Earlier this month, President Trump closed a longstanding loophole that had allowed a flood of inexpensive Chinese goods to be mailed to the United States without any tariffs. Starting on May 2, those packages faced a tariff of 120 percent or a $100 flat fee. After the United States and China agreed this week to…
Help Wanted. Looking for American researchers. As President Trump cuts billions of federal dollars from science institutes and universities, restricts what can be studied and pushes out immigrants, rival nations are hoping to pick up talent that has been cast aside or become disenchanted. For decades, trying to compete with American institutions and companies has…
Elizabeth Pochoda, a journalist who widely traversed the media landscape of New York during her 50-year career, editing and writing for publications as diverse as The Nation, Vogue and The Daily News in New York, died on May 8 at her home in Brooklyn. She was 83. Her death, from complications of amyotrophic lateral sclerosis,…
The temporary reduction in tariffs that the United States and China announced in Geneva on Monday will lift, at least for now, the de facto trade embargo that had been in place between the two countries for the past month. It will reduce the chances that American shoppers will face empty shelves during the holiday…
Elon Musk’s Department of Government Efficiency is no longer claiming credit for killing dozens of federal contracts after The New York Times reported last week that they had already been reinstated. The Times had identified 44 revived contracts, and 43 of them were still featured on the group’s online “Wall of Receipts” as of last…
The stock market is now higher than before President Trump’s broad and steep tariffs sent share prices into a tailspin. The 10-year government bond yield is now largely in line with where it started the year. On Tuesday, a widely watched measure of inflation nudged lower. Judging from a snapshot of today’s financial markets, it…
A struggling technology company that has ties to China and relies on TikTok made an unusual announcement this week. It had secured funding to buy as much as $300 million of $TRUMP, the so-called memecoin marketed by President Trump. GD Culture Group, a publicly traded firm with a Chinese subsidiary, has only eight employees, its…
