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…
The Trump administration is considering a deal that could send hundreds of thousands of U.S.-designed artificial intelligence chips to G42, an Emirati A.I. firm that the U.S. government has scrutinized in the past for its ties to China, three people familiar with the discussions said. The negotiations, which are ongoing, highlight a major shift in…
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…
