Under President Trump, the Consumer Financial Protection Bureau has dropped nearly a dozen enforcement cases brought during the Biden administration, ending lawsuits against banks and lenders for a variety of financial practices that the watchdog agency no longer considers illegal. But on Wednesday, the bureau went a step further: It is seeking to give back … Read more
President Trump said on Wednesday that he would impose a 25 percent tariff on cars and car parts that were imported into the United States, a move that could encourage U.S. auto production over the longer run but is likely to throw global supply chains into disarray and raise prices for Americans who buy an … Read more
Tesla could be a winner from the auto tariffs announced by President Trump on Wednesday — or at least suffer less than its competitors. Tesla, whose chief executive, Elon Musk, has taken a leading role in the Trump administration, makes all the cars that it sells in the United States in California and Texas. That … Read more
In 2019, an A.I. researcher, François Chollet, designed a puzzle game that was meant to be easy for humans but hard for machines. The game, called ARC, became an important way for experts to track the progress of artificial intelligence and push back against the narrative that scientists are on the brink of building A.I. … Read more
Stocks slumped on Wednesday ahead of President Trump’s announcement of tariffs on auto imports, as investors braced for levies that could disrupt carmakers’ supply chains and raise costs for consumers. The S&P 500 fell roughly 1.1 percent for the day, and the tech-heavy Nasdaq Composite was 2 percent lower. The downturn reflected ongoing volatility in … Read more
After months of threats, the White House unveiled plans on Wednesday to impose tariffs on automobiles imported to the United States, a plan that is likely to hit car companies across the European Union hard. The move — which would place a 25 percent tariff on all cars not built in the United States — … Read more
It’s another blow to late-night television. CBS said on Wednesday that it was canceling “After Midnight,” the network’s 12:30 a.m. comedy show, after the host, Taylor Tomlinson, decided to return full time to stand-up comedy. The late-night comedy genre confronts significant financial challenges as the entertainment world transitions away from traditional television to streaming. The … Read more
New cars will probably become much more expensive in the United States when President Trump imposes new tariffs on foreign-made cars and auto parts. Barring exceptions, tariffs of, say, 25 percent on cars and parts made in Mexico and Canada would add $3,000 even to the cost of cars assembled in the United States, said … Read more
Last Friday’s power outage in Heathrow Airport disrupted vacations across the world, causing countless thousands of travelers to miss prepaid reservations and forgo long-anticipated adventures. Among them were Sheila Addison, a therapist from Seattle, who missed out on a four-day whisky-tasting in the Scottish Highlands, forfeiting a $500 nonrefundable hotel room and a rare break … Read more
Congressional Republicans laced into PBS and NPR on Wednesday, accusing the country’s biggest public media networks of institutional bias in a fiery hearing that represented the latest salvo against the American press by close allies of the Trump administration. Representative Marjorie Taylor Greene, the Georgia Republican who organized the hearing — which she called “Anti-American … Read more