The Trump family is said to be in talks to invest in Binance. The discussions revolve around the family taking a stake in the U.S. arm of the crypto exchange, which had pleaded guilty to violating anti-money-laundering laws and whose founder, Changpeng Zhao, served time in prison, according to The Wall Street Journal. (It’s unclear … Read more
By working with Russia to hold talks with Iran, China is conveying a contrast with the United States in its approach to resolving the nuclear issue, said Shen Dingli, an international relations scholar in Shanghai. Beijing wants to show that “while the United States irresponsibly pulls out of the Iran Nuclear Agreement, China will also … Read more
Mercedes-Benz said on Thursday that the latest version of its least expensive sedan would be available first as an all-electric car and then as a hybrid. And the company will no longer sell a gasoline-only version of the car. That’s a big break from how Mercedes and other established carmakers have typically operated. Until recently, … Read more
The Chinese government has strongly criticized a planned deal by a Hong Kong conglomerate to sell ports in Panama and elsewhere to an investment group led by an American asset manager, warning that the deal would deprive China of needed influence over key shipping routes. The criticism marks an abrupt shift in Chinese policy toward … Read more
A contracting firm called Leidos took in more than $16 billion in revenue last year, most of it through contracts with federal agencies like the Department of Veterans Affairs. So when the Trump administration’s budget cutters took aim at the V.A. last month, it seemed like bad news not just for the department’s employees but … Read more
The stock market has plunged since President Trump took office for a second time, a stark contrast to the early days of his first presidency. The S&P 500 index has fallen sharply since hitting a record high on Feb. 19. The index fell into a so-called correction on Thursday. Corrections, a Wall Street term referring … Read more
Investors watching the S&P 500’s plunge this week are processing a mix of signals. Will the threat of tariffs push the economy into a recession or is this simply a retrenchment from the highly valued technology companies that some analysts and investors argued were due for a pullback? There is a different stock index that … Read more
Dr. Mehmet Oz, the TV celebrity doctor, is expected to face a tense confirmation hearing on Friday, with Democratic senators planning to question how he would oversee Medicare and Medicaid now that Republicans and the Trump administration are weighing significant changes affecting millions of Americans. Among the possible plans being considered by Republican lawmakers and … Read more
It costs about 14 euros, or about $15, per minute to drive a rented Lamborghini on the public roads of northern Italy’s Emilia-Romagna region. This feels especially exorbitant in a place where a couple of coins buys a glass of world-class wine. Even more grating, however, is that the experience is actually worth the money. … Read more
As a young pastry cook at Eleven Madison Park, Genie Kwon grew accustomed to a kitchen tradition: Every time the chef shouted out an order, the other cooks responded in unison, “Oui, chef!” Or as you may have heard it on the FX show “The Bear”: “Yes, chef!” For a long time, Ms. Kwon, who … Read more