Nvidia’s Jensen Huang in Talks With China to Allay Security Fears Over A.I. Chips
Jensen Huang said he was “surprised” by questions about his company’s chips, given China’s eagerness to acquire them for advanced A.I systems. Source link
Business
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Powell Is on the Cusp of Taking a Big Gamble With the U.S. Economy
Jerome Powell, the Federal Reserve chair, is managing a high-stakes balancing act as he grapples with a cooling labor market, rising inflation and White House pressure to cut interest rates. Source link
Europe Gets a Written Trump Trade Deal, With a Caveat for Automakers
Under the newly fleshed-out details, Washington will maintain high tariffs on vehicles imported from the bloc until the E.U. takes steps to lower its levies on many American products. Source link
Trump’s Attacks on Fed Overshadow a Critical Moment for the Central Bank
The president’s calls for Lisa Cook, a Fed governor, to resign are diverting attention from economic issues as top central bankers from around the world gather in Jackson, Wyo. Source link
Facing a ‘Reading Crisis,’ Denmark Wants to Make Books Cheaper
The Danish government announced this week that it planned to make books exempt from a 25 percent value-added tax. Source link
Cracker Barrel’s New Modern Logo and Aesthetic Become a Political Rorschach Test
Nostalgic fans of the interstate staple lament the loss of its country kitsch, while some conservatives blamed wokeness for the sleek redesign. Source link
When the C.E.O. Retires but Won’t Go Away
Target is the latest company to keep a replaced chief executive around as an “executive chairman.” Does having two top dogs make sense? Source link
Walmart Sees Sales ‘Momentum’ Despite Tariffs
After mixed reports from retail rivals, Walmart reported better-than-expected quarterly results and raised its sales forecast for the year. Source link
They’re Rich, They Travel and They Love to Complain
A Birkin bag overnighted to Capri. A pink Brabus sports car for a Gen Z birthday party. Olivia Ferney, a travel agent to the ultrawealthy, has heard it all. Source link
What Will Powell Do Now?
President Trump’s attack on a Federal Reserve governor comes as the White House seeks more control over the central bank. Will the Fed’s leader push back? Source link