NYT > Business

An Uncertain World Awaits the Reopening of the Strait of Hormuz

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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Top Kennedy Spokesman Resigns in Protest Over New Vaping Policy

In a letter to President Trump, the spokesman, Rich Danker, said moves to allow 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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Perfect Timing, Big Payouts: Insider Trading Red Flags Emerge on Polymarket

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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Steel Tariffs Are Raising the Price of Canned Foods

The cost to put food in cans remains high because manufacturers must still import steel from overseas. U.S. Steel plans to reopen a tin-plate factory.
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Why Your Life Is Now on Subscriptions

As companies look to build cash flow and loyalty, everything from heated car seats to earthworm deliveries can become a recurring charge on your credit card.
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How Do Two London Luxury Hotels Compare? Testing the Chancery Rosewood and Raffles at the OWO.

Raffles at the OWO and the Chancery Rosewood recently opened in landmarks once teeming with generals, diplomats and spies. Both promise pampering and a dash of history. Do they deliver?
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China Seeks A.I. Independence, Weakening Trump’s Leverage

Before this week’s U.S.-Chinese summit, Beijing reached a milestone in its quest for technological self-sufficiency.
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China Increasingly Views Trump’s America as an Empire in Decline

For decades, many Chinese viewed the United States with a mix of admiration, envy and resentment. President Trump’s volatile second term shattered that image.
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Byron Allen Is Buying a Controlling Stake in BuzzFeed

Jonah Peretti, BuzzFeed’s co-founder 20 years ago, will step down as chief executive and serve as its president of A.I.
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As Trump Dismisses Iran Truce Plan, World Braces for Lasting Economic Pain

President Trump said the fragile cease-fire was on “life support,” and India’s leader urged residents to cut back on purchases and travel.
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Dean Buntrock, Maestro of Waste Management, Dies at 94

Anticipating how the environmental movement would affect trash disposal in the United States, he built a 12-truck garbage company into a coast-to-coast behemoth.
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Trump Proposes Suspending Federal Gas Tax Until Prices Fall

Congress would have to agree to any suspension, and dropping federal taxes would not make up for the steep increase in prices since the war began.
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RFK Jr. Is Driving a Vast Inquiry Into Vaccines, Despite His Public Silence

Health Secretary Robert F. Kennedy Jr. has toned down his public criticism of vaccines, under orders from the White House. But inside his department, a sprawling research effort is a top priority.
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First-Time Home Buyers Are Staying on the Sidelines as Costs Rise

The effects of the war in Iran have raised mortgage rates and lowered consumer confidence, making it even harder for house hunters.
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How the U.S. Is Trying to Ensure the Dollar’s Dominance During Economic Turmoil

As the government has been devising plans to keep the dollar dominant, China has been making its own moves to increase global influence of the renminbi.
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Britain Will Nationalize Its Last Major Steel Mill, Prime Minister Says

Keir Starmer, with thousands of jobs at stake, vowed to take full control of British Steel, a year after the government first intervened to keep its operations going.
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Private Equity Lashes Out at New Research on Carried Interest

Estimates by researchers at Yale found that closing the carried interest loophole could lead to billions more in tax revenues than previously estimated.
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Dua Lipa Sues Samsung Over Use of Her Image on TV Packaging

The pop star is suing the electronics giant for more than $15 million, accusing it of using her image without authorization.
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NBC to Turn Wordle Into a TV Game Show, With Savannah Guthrie as Host

The word puzzle published by The New York Times is the inspiration for a game show that will begin airing next year. Jimmy Fallon is a producer.
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Will a Ban on Bromated Flour Change New York Bagels and Pizza?

Bromated flour, which makes breads and crusts stretchy and springy (and cheap), is among the carcinogens forbidden in pending state legislation.
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As Trump Heads to Beijing, China Is ‘Locked and Loaded’ for a Fight

Beijing is signaling that it is ready for a trade showdown, and it is building up a legal arsenal in preparation.
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