A temporary reprieve in trade tensions between the United States and China has reduced, but not eliminated, the odds of a shock to the economy that carries a whiff of stagflation, a top official at the Federal Reserve warned on Monday. Austan D. Goolsbee, president of the Federal Reserve Bank of Chicago, said tariffs and…
Two Chinas inhabit the American imagination: One is a technology and manufacturing superpower poised to lead the world. The other is an economy that’s on the verge of collapse. Each reflects a real aspect of China. One China — let’s call it hopeful China — is defined by companies like the A.I. start-up DeepSeek, the…
President Trump has defended his decision to introduce tariffs on goods from other countries by arguing that it will lead companies to shift production to the United States, bringing back jobs. For German companies, which have been producing their goods in the United States since the late 1800s, such arguments ring hollow. Thousands of German…
Fox Corp. revealed new details about its streaming service on Monday, including that it would debut this fall and would be called Fox One. The announcement came ahead of the company’s upfront, an annual pitch to entice advertisers with a slate of upcoming shows. Lachlan Murdoch, the company’s chief executive and son of the Fox…
Chandelier bidding. Quiet phone banks. Executives wiping their brows. One of the most anticipated auctions of the season proved to be anticlimactic on Monday evening at Christie’s in New York, where many objects were presold to guaranteed bids and there was little evidence of the enthusiastic buyers who defined the market’s peak in 2022. Experts…
For weeks, Jay Foreman, a toy company executive, froze all shipments from China, leaving Care Bears and Tonka trucks piled up at Chinese factories, to avoid paying President Trump’s crippling 145 percent tariff. But as soon as his phone lit up at 4 a.m. on Monday alerting him that Mr. Trump was lowering tariffs on…
House Republicans on Monday outlined their plans for an expansive tax bill that would temporarily enact President Trump’s campaign pledges not to tax tips or overtime pay, roll back subsidies for clean energy and create a new type of tax-advantaged investment account for children. The bill, which the Ways and Means Committee will formally take…
President Trump’s decision to impose, and then walk back, triple-digit tariffs on Chinese products over the past month demonstrated the power and global reach of U.S. trade policy. But it was also another illustration of the limitations of Mr. Trump’s aggressive approach. The tariffs on Chinese goods, which the United States ratcheted up to a…
The Federal Railroad Administration, the nation’s railroad agency, has brought in the Boring Company, the tunneling firm founded by Elon Musk, to help with a multibillion-dollar Amtrak project, according to three people familiar with the discussions. Federal Railroad Administration officials have talked with employees at the Boring Company about assessing the costs and progress of…
Several Hollywood industry and labor organizations wrote to President Trump on Monday asking for tax breaks that they said would help bring more film and television production back to the United States. The letter was sent in response to Mr. Trump’s declaration on Truth Social last Sunday that he would put a 100 percent tariff…
