NYT > Business

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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Spirit Was the Only Airline in Town. Now What?

Spirit’s presence was a point of pride in Latrobe, Pa., where the security lines were short and airport parking is free. Residents are mourning the loss.
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‘It’s Getting Unfriendlier’: International Students Race to Find Jobs

Students say they have been passed over for jobs and interviews because of visa restrictions. Some have a Plan B: leaving the United States.
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Why Two Big Companies Just Cut Paid Family Leave

Deloitte and Zoom are among the employers reducing support for working parents, signaling a retreat from a “golden age of benefits.”
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Walmart, Target and Dollar General Spend Billions to Make Stores Look Nicer

Walmart, Target and Dollar General are among those investing in remodeling thousands of existing stores, even as shoppers take their dollars online.
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Oil Prices Rise as Prospects for U.S.-Iran Peace Deal Fizzle

Oil prices rose and stock futures ticked down as investors reacted after the two sides failed to agree on a U.S.-Iran peace deal.
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Trump Administration Is Considering Pausing the Federal Gas Tax to Lower Prices, Energy Secretary Says

The tax is a little over 18 cents a gallon for gasoline. With the average national price above $4.50, the measure will provide little relief.
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How Brandeis Is Trying to Change College Shopping

A new tool on the university’s website tells you what the first year “will” cost if you get in.
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Consumers Lean on a ‘Hamster Wheel’ of Credit to Manage Rising Costs

As prices increase for gas, groceries and other staples, more and more households are borrowing to get by.
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Why Some People Are Allergic to ‘Peanut Butter Raises’

The beloved spread has become a metaphor for things that are less than delicious.
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Sales Are Up. Celebrities Are In. Is Gap Officially Back?

Richard Dickson has drawn inspiration from the clothing retailer’s early days as he tries to regain its cultural cachet.
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All Those A.I. Note Takers? They’re Making Lawyers Very Nervous.

A trendy productivity hack, A.I. note takers are capturing every joke and offhand comment in many meetings. They could also potentially waive attorney-client privilege.
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Frontier Jet Hits Person on Runway During Takeoff at Denver Airport

The plane reported an engine fire and aborted its takeoff. The people on board were safely evacuated.
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Which Trump Tariffs Are in Place, in the Works or Ruled Illegal

The president has reworked his tariffs repeatedly — sometimes because they have been declared illegal — with more updates still to come.
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How ‘The View’ Landed at the Center of a Free Speech Battle

The Trump administration’s focus on the show is testament to the enduring influence of an old-fashioned broadcast TV program started 29 years ago.
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For Struggling JetBlue, Spirit’s Demise May Offer an Opportunity

JetBlue Airways is adding flights at Spirit Airlines’ former home airport as it tries to turn a profit again.
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Taiwan’s Plastic Habit Collides With Shortages Caused by a Faraway War

Taiwan, one of the world’s biggest plastic users, is facing supply disruptions caused by the war in Iran. The crunch is already trickling down into everyday life.
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Retirees Expect Their Home to Be a Financial Safety Net. They Shouldn’t.

Older homeowners often can’t afford to maintain their houses or don’t understand the value in updating them. And that can mean thousands lost when they sell.
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When Mark Consuelos Wants to Escape New York, He Goes Here

“The midcentury architecture is fascinating. It’s also a place where I’m outside almost every waking hour of the day.”
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China’s Exports and Imports Set Records in April Amid High Energy Costs

The country’s exports surged and its trade surplus with the United States widened ahead of President Trump’s scheduled visit next week to Beijing.
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Norovirus Outbreak Sickens 115 on Cruise Ship

More than 100 passengers and 13 crew members on the Caribbean Princess reported being ill, according to the Centers for Disease Control and Prevention.
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U.S. Targets Iran’s Missile and Drone Program With Sanctions

The new measures are focused on Chinese companies that supply Iran’s military with materials to make drones.
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Lawsuit Accuses Lucky Strike of Building a Bowling Monopoly

The suit, filed by bowlers from several states, accuses Lucky Strike Entertainment of driving up prices and diminishing customers’ experiences across the country.
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Justice Dept. Settles Case Against Provider of Meat Industry Data

Under the agreement, Agri Stats would pay a fine and broaden whom it sold its pricing data to. The department said the move would help reduce food costs.
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Trump Plans to Fire F.D.A. Commissioner Marty Makary

Dr. Makary has been a supporter of the Make American Healthy Again Movement but made some enemies in the administration over vaping, the abortion pill and rejections of new drugs.
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What to know about the report.


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How Prepared Are We for A.I. Layoffs?

Our chief economics correspondent, Ben Casselman, describes how A.I.-related layoffs are testing the resilience of the government’s safety net programs.
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Trump’s Latest Tariff Setback Looms Over China Talks

For the president, a major legal defeat could undercut his leverage as he prepares to head to Beijing next week for high-stakes trade negotiations.
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Iran Says It Seized Oil Tanker Listed by U.S. as Sanctions Violator

A maritime tracking company said the move was likely performative, given the Chinese-owned ship has an “established history within the Iranian trade ecosystem.”
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ABC Accuses Government of Violating First Amendment

The network’s argument, made to the F.C.C., is the most aggressive posture taken yet by a television network toward the Trump administration.
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Meta’s Embrace of A.I. Is Making Its Employees Miserable

As it adapts to the artificial intelligence era, the company is pushing many of its 78,000 workers to use the technology, and preparing to lay some of them off.
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You May Be Owed a Tax Refund From the Covid Era

A court ruling found that the I.R.S. shouldn’t have charged penalties and interest during the pandemic. But the government may appeal the decision.
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What’s Happened So Far at the Musk v. OpenAI Trial

Elon Musk’s court battle against OpenAI has laid bare tensions between the start-up's leaders and raised questions about the billionaire’s motivations.
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Federal Reserve Turns Focus to Inflation as Job Market Stabilizes

April’s report showed employers added more jobs than expected, supporting the central bank’s view that it can afford to hold interest rates steady.
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With fuel costs soaring, Trump insists the economy is strong.

White House aides have sounded bullish on the jobs report, even as warning signs mount amid the war with Iran.
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What to know about the report.

Employers added 115,000 jobs and the unemployment rate remained at 4.3 percent despite higher energy prices and instability spurred by the war with Iran.
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‘Fired From Retirement’: Financially Insecure, Older Americans Return to the Grind

People return to work for many reasons, but the biggest is financial need. As costs remain high, more retirees could be looking to re-enter the job market.
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Stocks Rise For Sixth Consecutive Week, Buoyed by Strong Jobs Data and Earnings

Investors weighed data on the American jobs market and conflicting signals about status of the conflict in the Persian Gulf.
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How Energy Prices Are Driving Demand for Solar Panels and Heat Pumps

Already having faced an energy crisis five years ago, more European consumers believe they are “one Trump-ignited war away” from crushing costs.
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Trade Court Rules Trump’s 10% Global Tariff Is Illegal

A panel of federal judges found that President Trump could not legally impose the tariff on most imports.
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U.S. Debt Hits a Concerning Milestone, and Experts Say Trump’s Policies Could Worsen It

The debt is outgrowing the size of America’s economy. The president’s policies could accelerate the country’s fiscal headaches, experts say, unless policymakers intervene.
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Elon Musk’s SpaceX Plans $55 Billion Investment to Make A.I. Chips

The rocket company’s new semiconductor factory, called Terafab, is part of the billionaire’s increasing efforts to dominate artificial intelligence.
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Why Stocks and Bonds Are Responding Differently to the Iran War

Stock investors are betting that companies will make enormous profits, despite the war. But investors in bonds, including U.S. Treasuries, have other concerns.
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