NYT > Business

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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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, Oil Prices Rise on U.S.-Iran Standoff

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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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 family-friendly 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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