NYT > Business

Consumers Spent More in April Despite High Gas Prices

Retail sales rose 0.5 percent despite higher prices for gas, food and other goods. But there are signs consumers are under some strain.
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Trump Might Welcome Chinese Investment, but America Is Wary

A pledge for more Chinese investment could face backlash given longstanding national security concerns in the United States.
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The Met Will Expand by Merging With the Nearby Neue Galerie

Beginning in 2028, the Metropolitan Museum of Art will own the Neue’s Fifth Avenue home and the prestige collection of 20th-century Austrian and German art built by Ronald S. Lauder.
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In Qatar, Energy Sector Damage Is Severe, and the Way Back Will Be Long

Iranian strikes and a blockade have paralyzed Qatar’s gas engine, creating a technical bottleneck likely to stall exports for years.
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Dan Loeb, Bobby Kotick and Other Business Leaders Backing Spencer Pratt

The former reality-TV star has shaken up the Los Angeles mayoral race, gaining support from deep-pocketed donors like the financier Daniel S. Loeb.
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Oil Prices Waver as Trump Meets China’s Xi to Discuss Strait of Hormuz

The president is expected to urge the Chinese leader to help ease tensions in the Middle East by helping to persuade Iran to end the war.
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Can Some Very Tiny Particles Cool the Planet? One Tech Company Says Yes.

Stardust Solutions says its tiny spheres can reflect the sun’s rays without harming people or the environment. Critics say private companies have no business altering Earth’s atmosphere.
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Conservative Influencers Tap a Nonprofit to Pay for Their Security

A charity is raising money to provide security, arguing that protecting some of right-wing media’s biggest stars is a public good.
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Crypto Industry Pushes a Bill to Tilt Regulation in Its Favor

After a series of political victories under President Trump, firms are lobbying Congress for a sweeping framework they helped shape.
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Honda Posts First-Ever Annual Loss After Pullback From E.V.s

The Japanese automaker posted its first loss since 1957 as it took a multibillion-dollar hit from scaling back its electric-vehicle plans.
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Mamdani Urges State to Block Western Union’s Deal for Intermex

New York City’s mayor said the company’s proposed acquisition of Intermex could make it costlier for immigrants to send money abroad.
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Trump Administration Will Withhold $1.3 Billion in Medicaid Payments to California

Vice President JD Vance said the state had not done enough to fight fraud in the public health insurance program.
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What to Watch at Trump and Xi’s U.S.-China Summit

Here’s what to know about the biggest sources of tension in U.S.-China relations before the first summit in Beijing in nine years between the nations’ leaders.
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Senate Confirms Kevin Warsh as Fed Chair

President Trump’s pick to replace Jerome H. Powell takes the helm at a highly uncertain moment for the economy and with heightened concern about the Federal Reserve’s ability to operate independently.
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Eric Trump, Who Runs the Family Business, Hops Along on the Plane to China

The president’s middle son is said to be joining his father in a “personal capacity” rather than to make business deals.
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Trump Administration Pushes I.R.S. to Identify Undocumented Immigrants

The deliberations are a sign that the Trump administration may once again try to harness the power of the I.R.S. to advance its immigration agenda.
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Fatih Birol of the International Energy Agency: What It Will Take to End the Energy Crisis

Fatih Birol of the International Energy Agency, who orchestrated a multinational release of oil reserves, detailed the risks facing the economy now and beyond.
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Rich Danker, RFK Jr.’s Top Spokesman, Resigns in Protest Over New Vaping Policy

In a letter to President Trump, the spokesman, Rich Danker, said allowing the sale of flavored e-cigarettes would enhance their appeal to children.
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Why the Bombing of Iran Tied the U.S. More Closely to China

As the U.S. tries to rebuild its weapons stockpiles drained in the Iran war, it will need access to rare-earth minerals, an industry China dominates.
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A Start-Up Aiming to Make Geothermal Energy Mainstream Goes Public

Fervo Energy, which uses drilling techniques from the oil and gas industry to produce power from the earth’s heat, raised $1.9 billion in an initial public offering.
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Dozens of Polymarket Bets Show Signs of Insider Trading, The Times Finds

Dozens of long-shot bets on Polymarket, from the war with Iran to the cryptocurrency market, have defied the odds, according to a New York Times examination.
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Fuel Prices Drive Sales of E.V.s, Just Not in the U.S.

Electric vehicle sales have soared in Europe and much of the rest of the world, but Americans are still hesitant.
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With a Friend in Trump, the Tobacco Industry Secures a Lucrative Win

In a dispute over vapes, the president sided with tobacco companies that filled his groups’ coffers over his own F.D.A. commissioner, who resigned in protest.
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Wholesale Prices Jumped in April, in Latest Sign of War’s Economic Ripples

The Producer Price Index rose in April at its fastest pace in four years, government data showed, a day after consumer prices showed inflation was surging.
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Tariff Refunds Begin to Reach Businesses as Trump Lashes Out at Court

The government must return about $160 billion, plus interest, collected from duties deemed illegal and potentially more if it loses a related tariff case.
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Why a Warsh-Led Fed May Keep Interest Rates Higher for Longer

Kevin Warsh, President Trump’s pick to run the Federal Reserve, would face a growing inflation challenge if he’s confirmed.
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What to Know About the Federal Gas Tax Trump Wants to Suspend

President Trump said he would like to suspend the 18.4-cent-a-gallon tax, but it’s a move that may save drivers only a few dollars a month.
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Can Three Auction Houses Sell $2.6 Billion Worth of Art in One Week?

Five luxury artworks hold the key to the spring season, one of the most anticipated sales in years. Major buyers are looking past female and younger artists and toward tradition.
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Tired of Hacked Passwords? Help Is on the Way.

Apps from Apple, Google and others can assist in making your online accounts more secure, even as new ways of logging in continue to take off.
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Trump’s Shrinking Ambitions on China

The president came into office planning harsher trade moves on China than on the rest of the world. Here’s why he’s had to scale them back.
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How China Could Wield Its Control of Rare Earths Against Trump

A central question hanging over the summit this week is whether China will agree to extend a temporary postponement of even tougher rare-earth export controls.
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Here’s How Trump’s Trade War on China Ended Up in a Stalemate

As President Trump prepares to meet with Xi Jinping, a trade war that once threatened to freeze commerce between the two countries has given way to an uneasy truce.
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Justice Dept. Officials Consider Settling Trump Suit Against I.R.S.

One of the settlement terms under review is for the I.R.S. to drop any audits of the president, his family members and businesses.
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Conan O’Brien Will Return as Oscars Host

It will be the first time anyone has done the job for three straight years since Billy Crystal in the early 1990s.
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Marty Makary, Trump’s F.D.A. Commissioner, Resigns After Weeks of Pressure

The agency’s top food official will step in to the role after Dr. Makary privately said he opposed the administration decision to approve flavored vapes.
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EBay, the Old-School E-Commerce Site, Finds Its Place in Modern Retail

The online marketplace has remade itself by focusing on collectibles and other high-end goods — and attracted an unwelcome takeover bid from GameStop.
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Joni Lamb, Whose Christian TV Station Went Global, Dies at 65

She and her husband, Marcus Lamb, founded Daystar Television Network, which reached more than 200 countries and made the couple into televangelism stars.
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What to know about the report.


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UK Bond Yields Rise With Starmer’s Future as Prime Minister in Doubt

The yields on British debt pushed higher as the country’s prime minister, Keir Starmer, confronted a rebellion from members of his party.
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Tomato Prices Soar as War, Tariffs and Weather Affect a Popular Crop

Tomato prices surged nearly 40 percent in April, the Consumer Price Index showed.
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CPI Shows Inflation Accelerating to 3.8% Annually in April After Weeks of War in Iran

The Consumer Price Index rose 3.8% in April from a year earlier as higher energy costs replaced tariffs as the driver of higher prices for Americans.
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How Much Power Did Microsoft Have Over OpenAI?

The technology giant’s chief executive faced a grilling in court over whether it exerted too much control over what was meant to be an A.I. nonprofit.
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The Iran War Is Taking the Color Out of Japan’s Best-Known Snack Bags

The food giant Calbee said shortages of naphtha, a crude-oil derivative used in inks, were forcing it to switch to black-and-white packaging for its salty products.
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EBay Rejects GameStop’s $55 Billion Takeover Bid

The online marketplace called the cash-and-stock proposal “neither credible nor attractive.”
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China Sought Access to Anthropic’s Newest A.I. The Answer Was No.

The latest artificial intelligence models from Anthropic and OpenAI are extending the United States’ lead over China and intensifying the rivalry between the countries.
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YouTube Plays Matchmaker for Sponsors and Stars

The company is trying to help streaming influencers, who are increasingly being wooed by competitors like Netflix and TikTok.
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Inflation Jumps as War-Driven Energy Costs Drive Up Prices

President Trump has declared the cease-fire on “life support,” and investors are taking a cautious approach as the economic effects of the war become more apparent.
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How an ‘Impossible’ Idea Led to a Pancreatic Cancer Breakthrough

The new strategy also holds promise for lung and colon tumors. Here’s how scientists discovered it.
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