Americans are spending less at McDonald’s. Fewer container ships are expected at the Port of Los Angeles. Procter & Gamble is raising prices. Mattel is shifting production out of China. Evidence for the economic impact of President Trump’s trade wars is everywhere — except, for the most part, in economic data itself. Consumer spending hasn’t…
President Trump’s trade war has created chaos for companies around the world, snarling supply chains, sowing uncertainty and muddling their ability to plan for the future. After announcing tariffs that started at 20 percent for nearly all imports from European Union members — and more on other countries — the president has scaled the rate…
An Israeli spyware company is ordered to pay Meta $167 million. A federal jury in California awarded Meta damages from the NSO Group, whose Pegasus software was used to hack 1,400 WhatsApp accounts belonging to journalists, human-rights activists and government officials. NSO plans to appeal, but the company has already been blacklisted by the U.S….
The most powerful home page in entertainment is about to look a lot different. Beginning next week, Netflix will introduce a new home page design for television screens, the company’s first serious makeover since 2013. The redesign, which features fewer titles but more video and animation, is intended to present a sleeker look and get…
Mickey Mouse is headed to the Middle East. In a new test for its singularly American brand, the Walt Disney Company said on Wednesday that it had reached an agreement with the Miral Group, an arm of the Abu Dhabi government, to build a theme park resort on the Persian Gulf. The property, the seventh…
By agreeing to meet with the Trump administration to discuss trade, China is seeking to cast itself as the responsible one in a bruising superpower competition that has roiled the global financial system and set off fears of a recession. For weeks, China had publicly said that it would not engage in trade talks with…
WeightWatchers, a 62-year-old health and wellness company that has faced stiff competition from new weight-loss drugs and programs, filed for bankruptcy on Tuesday in an effort to reduce its debt by more than $1 billion while it expands its telehealth business. In its heyday, WeightWatchers shaped how millions of people in the United States and…
PUBLIC SERVICE ProPublica The Pulitzer committee honored ProPublica for the work of Kavitha Surana, Lizzie Presser, Cassandra Jaramillo and Stacy Kranitz for what it called “urgent reporting about pregnant women who died after doctors delayed urgently needed care for fear of violating vague ‘life of the mother’ exceptions in states with strict abortion laws.” Finalists…
Air traffic controllers briefly lost communication with planes at Newark Liberty International Airport last week, according to the workers’ union, a revelation that came as travel disruptions there extended into a second week. Galen Munroe, a spokesman for the union, the National Air Traffic Controllers Association, said that on April 28, controllers in a Philadelphia…
The toll for misconduct at the fallen Swiss bank Credit Suisse just keeps getting bigger. Federal prosecutors said on Monday that UBS, which rescued Credit Suisse from the brink of collapse two years ago, would pay $510 million in fines for the role Credit Suisse played in helping clients evade taxes. Credit Suisse, among other…
