American Bitcoin, a cryptocurrency firm co-founded by Eric Trump, announced on Monday that it would become publicly traded, the latest expansion of the Trump family’s investments across the crypto industry. The company, which focuses on Bitcoin mining, is set to merge with Gryphon Digital Mining Inc., a firm that is already traded on the Nasdaq….
Most flights destined for Newark Liberty International Airport were being delayed at their origin airports by more than an hour and 40 minutes on Monday because of a shortfall in air traffic control staffing. The Federal Aviation Administration said in an advisory that it was delaying the incoming flights from all U.S. airports and some…
In the four years since its first flight, Avelo Airlines has gained loyal customers by serving smaller cities like New Haven, Conn., and Burbank, Calif. Now, it has a new, very different line of business. It is running deportation flights for the Trump administration. Despite weeks of protests from customers and elected officials, Avelo’s first…
President Trump on Monday signed an executive order asking drugmakers to voluntarily reduce the prices of key medicines in the United States. But the order cites no obvious legal authority to mandate lower prices. The order said the administration would consider taking regulatory actions or importing drugs from other countries in the future if drugmakers…
Robert B. Shapiro, a brash former law professor turned corporate executive who performed a marketing miracle by branding aspartame as the sugar substitute NutraSweet and making it a household name that consumers demanded in thousands of products, died on May 2 at his home in Chicago. He was 86. The cause was pancreatic cancer, his…
A 90-day pause Stocks, the dollar and oil are soaring on Monday after President Trump’s top negotiators outlined the specifics of a major — though temporary — de-escalation in the U.S.-China trade fight. Expectations were sky-high for some kind of breakthrough. The market reaction suggests mission accomplished in terms of reaching an important détente, though…
The rule was an effort to ensure that the world’s largest data centers would be built by the United States and its allies, rather than in the Middle East or elsewhere. Biden officials were skeptical of the U.A.E.’s and Saudi Arabia’s autocratic tendencies and ties to China. They also argued that the rule would limit…
The rule, which was scheduled to take effect May 15, permitted unlimited A.I. chip sales to 18 allies like Britain, Germany and Japan, and blocked sales to China, Iran and other adversaries. All other countries, including Saudi Arabia, the United Arab Emirates, Qatar, India, Israel and Poland, faced caps on the number of chips they…
Deal or no deal? That’s what financial markets and businesses are waiting to learn. A weekend of productive trade talks in Geneva between the United States and China resulted in a “deal,” said Jamieson Greer, the United States Trade Representative and one of the main negotiators for the Trump administration. His Chinese counterpart expressed optimism,…
On a wet Wednesday morning in April, Ashley Holroyd had a steady but slow stream of customers into his coffee shop in Barrow-in-Furness, an industrial town in northwest England. The cafe, Coffee D’Ash, had been open for only about six months, and it barely filled the cavernous space. Despite the empty storefronts on the same…
