The Consumer Financial Protection Bureau on Tuesday dismissed a sweeping lawsuit against three of the nation’s largest banks over what the agency had described as shoddy safeguards on their Zelle money transfer network that allowed scammers to steal hundreds of millions of dollars from customers. The lawsuit, filed in federal court in Arizona in the … Read more
Sweeping tariffs imposed by President Trump threatened economic upheaval for consumers and businesses in the United States on Tuesday as the country’s biggest trading partners struck back on Tuesday, raising fears of a burgeoning trade war. Canada and China swiftly condemned the U.S. tariffs and announced retaliatory tariffs against American exports. President Claudia Sheinbaum of … Read more
President Trump made one of the biggest gambles of his presidency Tuesday by initiating sweeping tariffs with no clear rationale on imports from Canada, Mexico and China, triggering a trade war that risks undermining the United States economy. His actions have upended diplomatic relations with America’s largest trading partners, sent markets tumbling, and provoked retaliation … Read more
On Monday, ABC said that the Oscars audience declined by about 8 percent this year compared with last year, citing Nielsen data. Well, it turns out the awards show did not suffer from an audience decline after all, the network said on Tuesday. The Academy Awards attracted 19.7 million viewers, strong enough to eclipse last … Read more
A federal judge on Tuesday blocked the Trump administration from firing Cathy Harris, the chair of an independent board that protects government workers from political discrimination and unfair labor practices, including wrongful termination. The order was the second time a judge had sided with a government watchdog who sued to prevent their own removal. Lawsuits … Read more
Selwyn Raab, an investigative reporter for The New York Times and other news organizations who in exacting detail explored the Mafia’s many tentacles, and whose doggedness helped lead to the exoneration of men wrongly convicted of notorious 1960s killings, died on Tuesday in Manhattan. He was 90. His son-in-law, Matthew Goldstein, a Times reporter, said … Read more
The sweeping tariffs on Canadian, Mexican and Chinese products that President Trump imposed on Tuesday could strain the system that collects import duties and the government agencies that enforce those fees, trade and legal experts said. Collecting import duties is usually a routine task, but the new tariffs are being imposed on Mexican and Canadian … Read more
A federal judge on Tuesday blocked the Trump administration from firing Cathy Harris, the chair of an independent board that protects government workers from political discrimination and unfair labor practices, including wrongful termination. The order was the second time a judge had sided with a government watchdog who sued to prevent their own removal. Lawsuits … Read more
An investment group led by BlackRock, a giant American asset manager, has agreed to buy two ports in Panama that are owned by a Hong Kong company and that have become the subject of tensions between Panama and the Trump administration. BlackRock will buy the ports, which sit at either end of the Panama Canal, … Read more
The crypto market gives and takes: After President Trump’s plan for a national crypto reserve drew backlash from both Republicans and investors, the prices of digital tokens that would be involved soared higher — and then tumbled. (Bitcoin was trading at about $83,800 early on Tuesday, down nearly $10,000 from a day ago.) The plan … Read more