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
Officials in Beijing are increasingly worried that President Trump’s tariffs on Mexico may be the start of a broad campaign to force developing countries around the world to choose between trade with the United States or with China. Ever since Mr. Trump imposed extensive tariffs on goods from China during his first term, companies have … Read more
It’s not clear who will benefit if President Trump follows through on his threat to impose 200 percent tariffs on all wines and alcoholic beverages from the European Union, but it certainly would not be American consumers. The tariff warning was posted by Mr. Trump on social media Thursday in retaliation to 50 percent tariffs … Read more
Questions linger over what this year’s layoffs and ranger protests at the National Park Service will mean for travelers, who made a record 331 million visits to park properties last year. Adding to the confusion is the federal court ruling on Thursday that the firings were done unlawfully and agencies must rehire their cut workers. … Read more