China’s Economy Grows Steadily Despite Trump’s Tariffs
Companies redirected exports through other countries to avoid U.S. tariffs, and policymakers turned up investment in manufacturing and infrastructure. Source link
Business
Track the latest in business and finance—from market trends and economic updates to startup stories and global trade analysis.
He Helped Big Companies Dodge Taxes. Now He’s Writing the Rules.
Ken Kies, a longtime tax lobbyist who worked for some of the world’s largest businesses, is now running the Treasury Department’s office that will administer Trump’s tax law. Source link
Chinese Students Flocked to Central Illinois. Their Food Followed.
Like many college towns, the area around the University of Illinois Urbana-Champaign has been transformed by a surge of foreign students. Visa clampdowns could threaten that. Source link
Trump Adds Tariff to Mexican Tomatoes
The increase to the price of a grocery store staple comes after the Trump administration withdrew from a nearly 30-year old trade agreement with Mexico. Source link
Meta’s New Superintelligence Lab Is Discussing Major A.I. Strategy Changes
Members of the lab, including the new chief A.I. officer, Alexandr Wang, have talked about abandoning Meta’s most powerful open source A.I. model in favor of developing a closed one. Source link
Tesla Faces First Federal Jury Trial Tied to Its Autopilot System
The case stems from a fatal accident in 2019 involving a Tesla Model S sedan. Source link
NPR and PBS Face Federal Funding Cuts: What to Know
A proposal before the Senate to strip funding from the Corporation for Public Broadcasting could be catastrophic for local stations, particularly those in rural areas. Source link
Facing Painful Cuts, the V.A. Reported Dubious Savings to DOGE
The Department of Veterans Affairs claimed credit for canceling contracts that had not been canceled, and tallied savings unrelated to the cost-cutting efforts. Source link
Cognition AI Buys Windsurf as A.I. Frenzy Escalates
The deal follows Google’s $2.4 billion investment in Windsurf, an A.I. start-up, as companies race to gain technological talent and provide A.I. tools. Source link
The Economy Has Been Resilient. The New Round of Tariffs May Hit Harder.
The economy’s resilience so far to President Trump’s global trade war risks emboldening him and unleashing the sort of economic devastation that economists have long feared. Source link