America’s once highflying stock markets are stumbling, and their counterparts in Europe are faring much better. Shares in European companies have comfortably outperformed the S&P 500 in recent months, as President Trump’s trade war has prompted investors to revisit their assumptions. Officials in Brussels say that the rally could be even bigger. The European Commission, … Read more
Private equity likes the long ball The San Francisco Giants, one of Major League Baseball’s most successful franchises, have sold about 10 percent of the team to the private equity group Sixth Street, The Times’s Ken Belson and DealBook’s Lauren Hirsch are first to report. The team will use the cash to help pay for … Read more
President Trump on Monday chose Bryan Bedford, a longtime airline industry executive, to lead the Federal Aviation Administration. Since 1999, Mr. Bedford has been the president and chief executive at Republic Airways, which operates flights for the three largest U.S. airlines. In a statement on social media, Mr. Trump praised Mr. Bedford’s experience in aviation … Read more
Presidents usually do all they can to avoid recessions, so much so that they avoid even saying the word. But President Trump and his advisers in recent weeks have offered a very different message. Yes, a recession is possible, they have said. Maybe one wouldn’t even be that bad. Howard Lutnick, the commerce secretary, has … Read more
In 2009, when Nvidia held its first developer conference, the event was something of a science fair. Dozens of academics filled a San Jose, Calif., hotel decorated with white poster boards of computer research. Jensen Huang, the chipmaker’s chief executive, roamed the floor like a judge. This year, Nvidia’s developer conference is far different. More … Read more
Political pressure is mounting over a plan by a Hong Kong conglomerate to sell its Panama ports to BlackRock, the American investor, raising questions about the future of the $19 billion deal. John Lee, the leader of Hong Kong, added his voice on Tuesday to escalating warnings from China, saying the transaction deserved “serious attention.” … Read more
Everybody has those five or six things that can make or break a vacation — items that become clutch when you need quick support for your health, your hygiene or simply your comfort. Call it a travel emergency stash, a travel essentials kit or a save-the-day bag; whatever the name, it contains crucially helpful items … Read more
In 2016, three New York commodities traders — Michael Intrator, Brian Venturo and Brannin McBee — fell in love with cryptocurrencies. They were using Bitcoin to bet on pool games and fantasy football and were captivated by its wild swings in price. They soon decided to create more digital currencies through a process called “mining,” … Read more
If you’ve longed to indulge in elegant rail travel, but thought the days of lavish cars and live music were over, you’re in luck. New trains as well as new routes, amenities and special events are rolling out, enticing travelers to sit back, Champagne in hand, and glide through some of the world’s most beautiful … Read more
Since the founder of the Chinese artificial intelligence start-up DeepSeek shook hands with Xi Jinping, China’s top leader, last month, officials around the country have been racing to show how they are using the company’s technology. Courthouse officials are using DeepSeek to draft legal judgments within minutes. Doctors at a hospital in Fuzhou, in eastern … Read more