NYT > Business

At World’s Busiest Port, China’s Unbalanced Economy Comes Into View

The shipping traffic and factories never stop in China’s port city of Ningbo, but the local housing market has crashed and nearby restaurants sit empty.
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U.K.’s Starmer Meets Xi Jinping in Beijing as Ties Warm

Prime Minister Keir Starmer of Britain met with President Xi Jinping of China as he sought to promote business ties with the world’s second-largest economy.
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Microsoft Continues to Spend Big on A.I. While Profit Jumps 60%

The company said on Wednesday that revenue in the most recent quarter was $81.3 billion, but its share price dropped more than 7 percent in after-hours trading.
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What to know about the Fed decision.


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Tesla Profit Slumps, but Investors May Not Care

The automaker also said it would invest $2 billion in xAI, the artificial intelligence company controlled by its C.E.O., Elon Musk, and stop making the two oldest models in its lineup.
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Takeaways from the Fed meeting


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Amazon’s $35 Million ‘Melania’ Promotion Has Critics Questioning Its Motives

The tech giant is spending $35 million to promote its film about the first lady, far more than is typical for documentaries.
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The Fed Is Waiting and Watching an Uncertain Economy

Inflation is elevated but steady and the job market is holding up, leading economists to predict that the Federal Reserve will keep interest rates at current levels.
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Silver Prices Are Surging Even Faster Than Gold

Silver has risen roughly 60 percent this month alone. What is going on?
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5 New Stylish Hotels for City Lovers

New accommodations around the world allow you to soak up urban culture and immerse yourself in hotel creature comforts.
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Starbucks Says Turnaround ‘Ahead of Schedule’ as Sales Rebound

The coffee chain’s stock jumped after a better-than-expected earnings report.
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Five Questions for Jerome Powell, the Fed Chair

Succession drama, legal intrigue and political independence: These are top issues that DealBook would ask of the Federal Reserve chairman.
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Clay, an A.I. Sales Start-Up, Lets Employees Cash Out. Again.

The company is part of a newer generation of software upstarts holding multiple tender offers where workers can sell stock before going public.
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Trump’s Political Drama With Powell Overshadows Fed Rate Decision

The Trump administration has unleashed a barrage of attacks on the Federal Reserve, including a criminal investigation into its chair, Jerome H. Powell.
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Fed Holds Rates Steady as It Points to an Improving Economy

The Federal Reserve chose to pause rate cuts, even as it faces relentless attacks from President Trump for not cutting borrowing costs fast enough.
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Sundance Film Festival Says Goodbye to Park City, Utah

“It’s hard not to feel a disturbance in the force,” said Ethan Hawke, whose acting career took off after his early movies appeared at the Utah festival in the 1990s.
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A Municipal Debt Boom Is Driving Public Projects and Tax Breaks for Investors

Municipal debt issuance surpassed $500 billion last year, a record that’s found a deep pool of buyers.
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Southwest Begins Assigning Seats, Ending 50 Years of the Boarding Scrum

The airline said assigned seating, rolled out on Tuesday, aligned with passengers’ preferences, but some customers said the scramble was part of the charm.
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Bari Weiss Urges CBS News to Think Like a ‘Start-Up’

“We are not producing a product enough people want,” Ms. Weiss told employees at her first all-staff meeting at the network.
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UPS Will Cut Up to 30,000 Jobs in 2026

The delivery company said it was planning the cuts this year because it expected to deliver fewer packages for Amazon, a large but unprofitable customer.
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Microsoft Pledged to Save Water. In the A.I. Era, It Expects Water Use to Soar.

Driven by the artificial intelligence frenzy, Microsoft is internally projecting that water use at its data centers will more than double by 2030 from 2020, including in places that face shortages.
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Meta Campaigns to Change Opinions on Data Centers

The tech giant has spent more than $6 million on TV ads in state capitals and Washington, with the message that data centers create jobs.
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She’s the Face of Trump’s Aviation Safety Board, and She’s a Democrat

Jennifer Homendy, the outspoken chairwoman of the National Transportation Safety Board, is reclaiming the spotlight at a meeting on Tuesday about the Washington, D.C., crash that killed 67.
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G.M. Shares Rise as Investors Are Encouraged by 2026 Prospects

The automaker said that it would buy back stock worth up to $6 billion and that it expected profit to rise this year after it pulled back from electric vehicle production.
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‘The Outsiders’ Musical Recoups on Broadway

“The Outsiders” is the first new musical to open since 2022 to become profitable.
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OpenAI’s Altman and More C.E.O.s Weigh In on Minnesota

The tech C.E.O. is the latest business leader to speak out about the immigration crackdown and the fatal shooting of two U.S. citizens.
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Safety Board Blames F.A.A. For Multiple Failures in D.C. Crash

The National Transportation Safety Board found the probable causes of the midair collision last year included poorly designed flight routes and ignored warnings about risks.
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As Trump Promotes Economy in Iowa, Many Residents Feel Pain

Farmers are critical to Iowa’s economy. They have been battered by President Trump’s tariffs and are not experiencing the “golden age” that the president promised.
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Fed, Signaling Little Urgency, Prepares to Pause on Rate Cuts

The Federal Reserve is expected to hold interest rates steady on Wednesday, despite relentless attacks from President Trump over borrowing costs.
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In Trump’s Shadow, India and the European Union Expand Trade Ties

After nearly 20 years of negotiations, the two sides struck a far-reaching agreement that officials called “the mother of all trade deals.”
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Record Debt in the World’s Richest Nations Threatens Global Growth

The cost of borrowing is already choking crucial public spending in many developing economies. Now it’s raising broader alarms.
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Trump Administration Takes Another Stake in Rare Earth Sector

The administration announced a $1.6 billion deal with USA Rare Earth. The firm also does business with Cantor Fitzgerald, which is run by the sons of President Trump’s commerce secretary.
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Trump Says He Will Raise Tariffs on South Korea to 25%

President Trump threatened to increase tariffs on South Korean exports, including cars, citing the country’s slow ratification of a trade deal.
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A Year After DC Plane Crash, Concerns About Airport’s Safety Continue

The Federal Aviation Administration says it has reduced traffic in and out of the airport and designed safer routes. Crash victims’ families want more.
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Washington Post Reverses Decision on Olympics Coverage

The newspaper will send a small team of reporters to cover the Olympics after it informed sports journalists on Friday that the paper would not send a group.
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Power Outages Could Rise as Freezing Temperatures Persist After Winter Storm

Electrical grids appeared to have handled the storm over the weekend relatively well, but energy experts said the risk of more outages remained.
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Public Media Holds Its Apocalypse at Bay, for Now

Though Congress cut $500 million from NPR and PBS stations, vanishingly few have closed their doors. Angst about their long-term future remains.
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New Videos of the Beckham Feud Are Fake. Nobody Seems to Care.

A.I.-generated content of Victoria Beckham has spread as wedding drama has engulfed the celebrity clan and the public has clamored for receipts (even fabricated ones).
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Business Leaders Face a Test in Minneapolis

Some companies have begun to respond to the fatal shooting of Alex Jeffrey Pretti and the immigration crackdown. But others have stayed silent.
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Gold Soars Beyond $5,000 as Global Tensions Grow

The price of gold surged as investors sought shelter from geopolitical uncertainty.
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Thousands of Flights Canceled Monday After Snowstorm

Delays and cancellations persisted a day after more than 11,000 flights were canceled. Airports in the Northeastern U.S. were hit the hardest.
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Elon Musk’s X Faces EU Inquiry Over Sexualized AI Images Generated by Grok

Regulators said the company’s lack of controls had led to the widespread use of deepfakes created with the chatbot Grok.
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Voters See a Middle-Class Lifestyle as Drifting Out of Reach, Poll Finds

Concerns about the affordability of education, housing, health care, having a family and retirement are driving economic anxieties, a New York Times/Siena poll found.
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Goodwill Thrives as Americans Stretch Their Dollars

Consumers are still spending, but they’re looking for ways to stretch their dollars as far as possible.
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Trump Hobbled the I.R.S. This C.E.O. Now Has to Make It Work.

Frank Bisignano is the first chief executive of the I.R.S., where there’s hope he will end a chaotic stretch at the agency. The tax filing season, which started Monday, is his first test.
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How Bad Are A.I. Delusions? We Asked People Treating Them.

Dozens of doctors and therapists said chatbots had led their patients to psychosis, isolation and unhealthy habits.
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As Europe’s Reliance on U.S. Natural Gas Grows, So Does Trump’s Leverage

Tension over Greenland has prompted worries that the Trump administration could turn the U.S. oil and gas industry into a way to pressure Europe.
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Most Fox News Reporting on Minneapolis Shooting Supports Official Version

Fox anchors were laser focused on promoting the Trump administration’s narrative that the slain protester, Alex Pretti, had brought the violence upon himself.
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CEOs of Target and Minnesota’s Biggest Companies Call for ‘De-Escalation’ After Shooting

The letter from chief executives at some of the state’s most recognizable companies like Target and Cargill stops short of condemning the recent killings by federal immigration agents.
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Trump Pushes A.I. Data Centers, but the G.O.P. Is Cool to One in Alabama

Residents also oppose a data center the size of 18 Walmarts that is set to be built in pristine woodland outside Bessemer, Ala. “All this will be gone,” one said.
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