NYT > Business

Bessent Steps Up Criticism of Fed as Auditions for Chair Intensify

The Treasury secretary is breaking with tradition in publicly assailing the central bank’s policies as President Trump looks for its next leader.
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Trump Didn’t Always Tout Tariffs. Now He Sees Them as a Way to Flex Power.

Instead of treating tariffs as part of a broader trade policy, President Trump views them as a valuable weapon he can wield on the world stage.
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As Truth Social Business Struggles, Trump Media Goes Big on Crypto

The pivot to crypto highlights the reality of Truth Social, one of President Trump’s highest-profile business interests: It doesn’t generate much revenue.
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How Crypto Lobbying Won Over Trump

The industry’s courtship of Donald J. Trump resulted in one of the great lobbying free-for-alls in recent Washington history.
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Youth Sports Are a $40 Billion Business. Private Equity Is Taking Notice.

An American obsession is attracting investments in baseball fields, volleyball courts and football camps, intensifying the gap between families with means and those without.
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Trump Takes Reins on U.S. Economy With Policy Bill and Tariffs Renewal

President Trump has achieved much of his agenda, leaving the fate of the economy squarely in his hands.
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Britain’s Economic Bind: Face Public Disapproval or Investor Wrath

The Labour Party is starting its second year in control of the government with difficult choices over whether to curb spending or raise taxes.
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T.S.A. Officially Tells Air Travelers They Can Keep Their Shoes On

Pointing to “layered screening,” Kristi Noem, the homeland security secretary, ended two decades of socks and bare feet at U.S. airport checkpoints.
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What Is a Trade Deal? Trump Takes an Expansive View.

The president is deploying the word “deal” liberally, using the term to describe all kinds of trade arrangements, some very limited or one-sided.
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Supreme Court Clears Way for Trump Administration’s Mass Firings of Federal Workers

The justices announced they were not ruling on the legality of the specific downsizing plans but they allowed the Trump administration to proceed for now with its restructuring efforts.
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Agriculture Dept. to Crack Down on Chinese Ownership of American Farmland

The agriculture secretary announced a plan to limit Chinese and foreign purchases of farmland as part of its national security strategy.
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Stock Markets Rise After Trump Extends Tariff Deadline

The president noted that U.S. negotiators remained open to offers from trading partners, suggesting that tariffs could be reduced before — or even after — the deadline on Aug. 1.
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A Prominent Investor Is Criticized Over Mamdani Comments

A partner at Sequoia, the venture capital giant drew criticism for calling the Democratic mayoral candidate for New York an “Islamist.”
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Trump Targets Japan With 25% Tariffs After Several Rounds of Trade Talks

Tokyo had expected smooth tariff negotiations but is experiencing whiplash, becoming a central target of President Trump’s trade frustrations.
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Trump’s New Trade Threats Set Off Global Scramble to Avoid Tariffs

Many countries thought they were negotiating in good faith. The White House renewed its “reciprocal” tariff plan anyway, giving countries until Aug. 1 to make offers.
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Driving Cross Country? Here Are the Apps You Want.

On a road trip from New York to Los Angeles (and back), a writer found digital tools that helped her navigate and find a cornucopia of “weird attractions.”
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The Mexican Businessman Grateful for Trump’s Tariffs

A small company in northern Mexico had faced steep competition from China in making straps, plugs, fasteners, grommets, zip ties and clamps. Now, U.S. tariffs have driven a spike in his business.
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OpenAI and Microsoft Bankroll New A.I. Training for Teachers

The American Federation of Teachers said it would use the $23 million, including $500,000 from the A.I. start-up Anthropic, to create a national training center.
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South Korea Keeps Its Chin Up as Trump Wields Tariff Threat

The country’s new president, in office for a little over a month, had just dispatched his senior deputies to Washington to try to work out a trade deal.
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Here Are Trump’s New Tariff Threats

President Trump has told 14 countries that they will face tariffs of at least 25 percent on Aug. 1 if they don’t reach agreements by then.
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Trump Administration Acknowledges Lack of Evidence for Jeffrey Epstein ‘Client List’

After Attorney General Pam Bondi promised big revelations for months, the Justice Department noted a lack of evidence for conspiracy theories, including a “client list” and a jailhouse murder.
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Increasingly Acidic Seas Threaten Oyster Farming

Researchers and hatcheries are exploring new ways to protect shellfish in the Pacific Northwest, although Trump budget cuts may thwart their efforts.
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Trump Revives Trade War, Threatening Steep Aug. 1 Tariffs on Allies

President Trump said Japan and South Korea would face tariffs of 25 percent unless they reached an agreement with the United States. Other countries received notice of higher levies.
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Tesla Stock Dives as Elon Musk Plans New Political Party

Mr. Musk’s involvement in politics was once seen by investors as a benefit to Tesla. Not anymore.
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Will A.I. Replace New Hires or Middle Managers?

Amid layoffs at Microsoft and other large tech companies, experts are debating whose jobs are most likely to be spared.
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Your Job Interviewer Is Not a Person. It’s A.I.

You thought artificial intelligence was coming for your job? First, it’s coming for your job interviewer.
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New Deadlines, New Letters — Same Tariff Uncertainty

The Trump administration is keen to strike deals as it dangles an extension to trading partners. But it’s also issuing threats to some of them.
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Trump Keeps Foreign Countries on Edge as Tariff Deadline Nears

The president is again threatening higher tariff rates on a dozen foreign nations, as a deadline elapses this week for making trade deals.
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Canada Shipping Natural Gas to Asia as It Looks Beyond the US for Trade

A tanker is headed to South Korea with a first shipment of liquefied natural gas from Canada, which hopes to reduce its export reliance on its neighbor.
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RFK Jr.’s Battle Against Food Dyes Hits a Roadblock: M&M’s

The health secretary has used peer pressure to persuade food makers to nix synthetic dyes. The candy industry is holding out, arguing American consumers like bright sweets.
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How Trump’s Cuts Hurt Kansas Farmers, From Food Aid to Dog Chow

Kansans created Food for Peace, for 70 years a font of rural income and pride. Now at least one grain broker is trying to sell grain that once fed the world as dog food.
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Can Taiwan Really Disconnect Its Economy From China?

Momentum is building in Taiwan to lessen its business dependency on China, its biggest trading partner. Doing so will not be easy.
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Bessent Says He Expects Trade Deals by This Week’s Deadline

But the Treasury secretary also said that some countries working toward agreements with the United States could have until Aug. 1.
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She Wanted to Save the World From A.I. Then the Killings Started.

At first, Ziz LaSota seemed much like any other philosophically inclined young tech aspirant. Now, she and her followers are in jail, six people are dead, and Rationalists are examining whether their ideas played a role.
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How Brands Are Taking Back Social Media From Influencers

Instead of relying on celebrities, brands are controlling the message by making their own social media videos. You may not even realize they’re selling you something.
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Southwest’s C.E.O. on Why Now Is the Time for Bag Fees and Assigned Seats

Bob Jordan recently introduced major changes to the way the low-cost airline works, which caused a stir among loyal fliers and left them wondering what sets it apart from competitors.
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The Coder ‘Village’ at the Heart of China’s A.I. Frenzy

As China vies with Silicon Valley for primacy, Hangzhou, home to DeepSeek and Alibaba, is where its aspiring tech titans mingle and share ideas.
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OPEC Plus Agrees to Pump More Oil in August

The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts expected and could lead to lower oil prices.
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How Many Dates Should You Go On Before You Start Talking About Money?

Couples tend to dance around discussing how much they earn or owe early in a relationship. But experts agree that talking about money sooner is better than later.
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Iran Looks to BRICS for Allies, Testing a New World Order

The alliance of emerging economies hopes to offer a counterweight to the United States and other Western powers. But military strikes on Iran are testing its unity.
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Canada’s Indigenous Groups Demand a Say in Carney’s Race to Build

Prime Minister Mark Carney wants to fast-track nation-building projects to remake Canada’s economy. Indigenous groups want a seat at the table.
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China Has Paid a High Price for Its Dominance in Rare Earths

Dust and groundwater contaminated with heavy metals and radioactive chemicals pose a health threat that the authorities have been trying to address for years.
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China’s Rare Earth Origin Story, Explained

Low environmental standards helped China become the world’s low-cost producer of rare earths, but Beijing was also focused on helping the industry.
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S. Daniel Abraham, Who Reaped Riches With Slim-Fast, Dies at 100

He turned a small family business into a billion-dollar weight-loss empire by replacing calorie counting and forbidden foods with “just add milk.”
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Why Beef Prices Have Hit a Record

Smaller cattle herds and a decade of headwinds for the industry are expected to push up the cost of burgers and steaks for several years.
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China Sets Steep Duties on European Brandy but Spares Biggest Producers

Major Cognac companies made concessions to avoid the worst of the penalties, imposed by Beijing in retaliation for E.U. tariffs on Chinese electric vehicles.
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A Solid Report Card for the Markets, Despite Shock and Worry

While the Trump administration has engaged in continual disruptions, most investors have prospered.
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White House to Start Notifying Countries About Tariffs, Trump Says

After striking only a few trade deals since declaring a 90-day pause in April, President Trump said he would announce new duties starting Friday.
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Could the Electric Hydrofoil Ferry Change the Way We Commute?

New technology can help vessels glide quickly over water in less time and with fewer emissions than their diesel counterparts.
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How Republicans Re-engineered the Tax Code

The product of years of Republican effort, the American tax code now blends traditional supply-side economics with President Trump’s populist 2024 campaign promises.
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