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NYT > Business
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Trumpâs Cuts to Science Funding Could Hurt U.S. Economy, Study Shows
Reducing federal support for research and development could cause long-run economic damage and reduce government revenue.
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Chinese Factories Slow in Early Sign of Trade Warâs Toll
A slowdown in commerce between the United States and China caused by escalating tariffs was evident in a report Wednesday on manufacturing activity in April.
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As Trump Cuts Foreign Aid, What Does It Mean for the Gates Foundation?
As the Trump administration dismantles foreign aid, Bill Gates, whose philanthropy is devoted to global health, is trying to talk to anyone with the presidentâs ear.
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Trump Signs Executive Order Walking Back Some Auto Tariffs
Most levies on imported cars and car parts will remain in place, but automakers have secured some relaxation of the trade policy.
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How Trump May Unintentionally Cut Carbon Emissions
Despite his administrationâs lack of concern about climate change, a recession would give the atmosphere a break. At least in the short term.
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With Trump In Power, Foreign Crypto Companies Make Inroads in US
The prime example is Tether, a firm that regulators once targeted. Its chief executive recently hobnobbed in Washington with lawmakers and lobbyists.
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How Spainâs Success in Renewable Energy May Have Left Its Power Grid Vulnerable
The Iberian Peninsulaâs widespread blackout raises questions about the resilience of the electric power infrastructure in the two countries â and to an extent, the rest of Europe.
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Retailers Fear Toy Shortages at Christmas as Tariffs Freeze Supply Chain
Toy makers and stores are freezing holiday orders, predicting shortages and higher prices. Some are consulting bankruptcy lawyers, fearing their firms wonât survive.
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UPS to Cut 20,000 Jobs and Slash Amazon Deliveries to Trim Costs
The move comes as President Trumpâs tariffs are reducing shipping volumes and is in addition to 12,000 job cuts last year.
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Hereâs what to know:
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Republicans Wrestle With Trumpâs Demands for Tax Cuts
House Republicans are planning to include several of President Trumpâs campaign promises in the first draft of the bill, which they hope to release soon.
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U.S. and China Dig In on Trade War, With No Plans for Formal Talks
The standoff over terms of negotiations, and whether they are happening, signals that a protracted economic fight lies ahead.
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Hereâs the latest.
Many of the suggested cuts, which would require congressional approval, target federal programs that benefit the poor.
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Solid Jobs Report Reinforces Fedâs Patient Approach to Interest Rate Cuts
The central bank is bracing for President Trumpâs tariffs to dent growth while stoking inflation, keeping interest rate cuts at bay for now.
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Tips for Navigating the âChaotic Systemâ of Student Loan Repayments
Experts say recent graduates with loans should choose the repayment option that makes the most sense for them now and expect to make adjustments later.
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Donât Count the Dollar Out Just Yet
As President Trumpâs tariffs rock the world, German bonds and the euro are benefiting. But U.S. strength endures, our columnist says.
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Why Apple Warned About a $900 Million Tariff Hit
The iPhone maker warned that it may take a $900 million hit from President Trumpâs levies, showing that even powerful companies arenât immune from the trade war.
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TikTok Fined $600 Million for Sending European User Data to China
Irish investigators said TikTok did not protect the data of users in the European Union, improperly transferring some of it to China. TikTok said it would appeal.
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Hospitality hiring could slow as foreign tourists skip the U.S., for now.
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Exxon and Chevron Report Lower Profits While Girding for Tariffs
President Trumpâs trade policies have helped to push down oil prices while raising the costs of materials for oil and gas companies.
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President Trump remains bullish, even as the economy flashes warning signs.
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After weeks of volatile trading, Fridayâs report could set the tone on Wall Street.
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US Hiring Stayed Strong Amid Early Days of Tariff Policy, Jobs Report Shows
Employers added 177,000 jobs in April, a slight dip in hiring from 185,000 in March. The unemployment rate was unchanged at 4.2 percent.
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Meta and Blumhouse Create Chatbot That Encourages Phone Use During Movies
Blumhouse, the horror movie studio, has teamed up with Meta on a chatbot that encourages people to use their phones while watching a movie.
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Trump Ends Chinese Tariff Loophole, Raising the Cost of Online Goods
Supporters say the change is important to stop cheap Chinese goods from entering the U.S. But the decision could drive up prices for goods Americans buy online.
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How a U.S. Tax Loophole Supercharged Chinaâs Exports
E-commerce trade in small parcels brought Chinese factories to American shoppers. Tariffs are severing the connection.
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U.S. Payoff for Ukraine Minerals Deal Faces Many Hurdles
The agreement could provide a windfall to the U.S., but the resources will be expensive to extract, and any progress is unlikely while the war rages.
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When Taxpayers Fund Shows Like âBlue Bloodsâ and âS.N.L.,â Does It Pay Off?
Gov. Kathy Hochul of New York has proposed an increase in the film tax credit to stay competitive with New Jersey and other states.
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U.S. Prosecutors Accuse Large Insurers of Paying Kickbacks for Private Medicare Plans
The Justice Department accused large insurers of colluding with national brokers to steer older people and those with disabilities toward coverage that might not offer the best medical care.
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Woman Says She Was Sexually Assaulted on American Airlines Flight
In a lawsuit filed last week, the woman said the airline did not come to her aid when a man attacked her on a red-eye flight last year.
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Amazonâs Mixed Earnings Report Sends Share Prices Down
The company reported overall mixed results, sending share prices down in after-hours trading.
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U.S. Dollar Falls. The Euro Could Step Up as Reserve Currency
Confidence in the worldâs reserve currency is in doubt, leaving an opening for alternatives like the euro. But it wonât be easy.
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SharkNinja Recalls 1.8 Million Pressure Cookers After Burn Reports
The company is recalling Ninja Foodi OP300 series pressure cookers that were sold between January 2019 and March 2025 after more than 100 reported burn injuries, officials said.
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At a Dubai Conference, Trumpâs Conflicts Take Center Stage
A deal for a state-backed Emirati firm to use a Trump-affiliated digital coin was announced in a panel that included the presidentâs son and his business partner, who promised, âThis is only the beginning.â
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Kennedy Issues Demands for Vaccine Approvals That Could Affect Fall Covid Boosters
The plans amount to an extraordinary flex of Robert F. Kennedy Jr.âs power as health secretary to make decisions ordinarily left to career scientists at the Food and Drug Administration.
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Who Decides How Much You Pay for College? Hereâs How Tuition Costs Are Set.
Schools turn to little-known consultants, owned by private equity firms, to find applicants and calculate scholarships. Hereâs how that affects the price you pay.
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GM Cuts Profit Forecast by 20% and Says Auto Tariffs Will Cost It Billions
General Motors now expects to earn a lot less than it did before President Trump imposed 25 percent tariffs on imported cars and auto parts.
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A Tidal Wave of Change Is Headed for the U.S. Economy
American consumers are not yet seeing much evidence of the drastic changes President Trump has made on trade. But they are on their way.
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Microsoft Drops Simpson Thacher & Bartlett Law Firm from a Case
The tech giant instead engaged a firm that is fighting the presidentâs executive orders, Jenner & Block, in a sign that those firms can still attract clients.
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Tesla Chair Denies That Board Sought to Replace Elon Musk
Robyn Denholm, who leads Teslaâs board, said on social media that board members were âhighly confidentâ in Mr. Musk, the companyâs chief executive.
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How Much Time Will Musk Devote to Tesla?
The carmaker denied a report that its board had explored finding a successor to Elon Musk. But even if he sticks around, he and the company face big challenges.
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Rory McIlroy and Investment Giant TPG Team Up for Sports Venture
The golf star is teaming up with the investment firm TPG on a new sports-related fund.
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McDonalds Sees Spending Drop 1% Globally in Q1
The burger giant, a much-watched barometer for consumer sentiment, reported lower consumer spending in the first quarter.
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How to Save Time and Money at the Airport
Technology, planning and creative strategies can help you get around the most common airport pitfalls.
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As a Tariff Loophole Closes, Sellers Who Import From China Brace for Chaos
Independent vendors who sell on sites like Etsy and eBay are trying to blunt the pain from tariffs on low-cost Chinese-made goods.
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Christina Leitzelâs âFunâ Prosthetic Eyes are Designed to Stand Out
There are many ways to lose an eye. Christina Leitzel wants people to know that there are also many ways to gain a new one.
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Jeju Air Disaster Prompts a Reckoning Over Runway Safety
After a plane overshot a runway in South Korea, killing 179 people, a Times analysis found that global standards that help minimize fatalities are inconsistently followed.
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Trumpâs âUnprecedentedâ Tariffs Lead Japan to Slash Its Growth Forecast
The Bank of Japan predicted growth of just 0.5 percent, cutting its previous forecast in half, and decided against another hike in interest rates.
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Mercedes-Benz and Volkswagen Facing Uncertainty With Tariffs
Faced with tariffs introduced by President Trump on cars, steel and aluminum, Europeâs carmakers are pessimistic about the future.
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Under Trump, Stocks Have the Worst Start to a Presidential Term Since 1974
During the first 100 days of the Trump administration, shock waves from the chaotic tariff rollout continue to send tremors through the global financial system.
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U.S. Economy Shrank in First Quarter, in Reading Clouded by Messy Trade Data
Underlying economic growth remained solid in early 2025, but tariffs and uncertainty are expected to cause a further slowdown.
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Do CEOs Dare Risk Tariff Transparency, and Draw Trumpâs Fury?
Companies are weighing whether they should be transparent about tariffsâ effect on prices, or â as Amazon learned on Tuesday â risk drawing the presidentâs ire.
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Vietnam Used to Be a Safe Haven for Trade. Now It Might Not Be.
On the 50th anniversary of the end of the Vietnam War, U.S. companies that have come to rely on Vietnamâs factories, like Apple and Nike, are in a bind because of Trumpâs tariffs.
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Starbucks Profit Drops, but Leaders Say Turnaround Is Working
Profit fell 50 percent in the quarter, and the company said one reason was its hiring of additional workers to help its turnaround strategy.
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Paramount Board Clears Possible Path for Settling Trumpâs â60 Minutesâ Lawsuit
Paramountâs interest in settling has dismayed CBSâs news division. The executive producer of â60 Minutesâ abruptly resigned last week.
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West Coast Ports Brace for China Tariffs to Dent Import Volume Within Days
Large importers, including retailers and manufacturers, paused imports from China this month amid an escalating trade war. Ports are now poised to feel the fallout.
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Penske Shakes Up Leadership of South by Southwest
The festivalâs longtime president is leaving the festival, as are about 10 others. Its owner, Penske Media, told staff members about the changes on Friday.
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Federal Watchdog Reveals Dozens of Inquiries Into Trumpâs Withholding of Funds
The investigations by the Government Accountability Office come as the White House looks to expand its power over the federal budget.
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New Data Provide a Pre-Tariff Snapshot of a Stable but Slowing Labor Market
But the effects of the levies, which have created uncertainty for businesses, have not yet been fully felt.
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