Big Day for Crypto Goes South After Bybit Hack
The good news for cryptocurrency investors arrived just after 8 a.m. on Friday: Coinbase, the largest crypto marketplace in the United States, had reached a deal with U.S. regulators to dismiss a lawsuit that had hung over the industry for years. But within hours, the crypto market descended into a new crisis. At 10:51 a.m., … Read more
Is Xi’s Sudden Embrace of Business for Real? China Is Left Guessing.
When Xi Jinping, China’s leader, made his entrance at a symposium with a group of top entrepreneurs this week, he seemed to be in good spirits. China has had a few good weeks. The artificial intelligence models by the start-up DeepSeek sent U.S. stocks tumbling and Western commentators screaming, “Sputnik moment.” Then an animated film … Read more
Coffee Prices Are Soaring, but Growers Aren’t Celebrating
These should be wonderful times at Finca El Puente, a coffee plantation carved into the mountains of southwestern Honduras. On world markets, the price of ordinary coffee has more than doubled over the past year. The specialty varieties of coffee harvested at the farm have long commanded a hefty premium, reflecting their status as the … Read more
Patsy Grimaldi, Whose Name Became Synonymous With Pizza, Dies at 93
Patsy Grimaldi, a restaurateur whose coal-oven pizzeria in the shadow of the Brooklyn Bridge won new fans for New York City’s oldest pizza style with carefully made pies that helped start a national movement toward artisan pizza, died on Feb. 13 in Queens. He was 93. His nephew Frederick Grimaldi confirmed the death, at NewYork-Presbyterian … Read more
Stock Market Sees Biggest Declines of Trump’s Presidency So Far
Stocks slumped on Friday, with the S&P 500 wiping out almost all of its gains since President Trump took office last month, after a widely watched measure of how consumers feel about the economy showed mounting fears over stubborn inflation. The S&P 500 fell 1.7 percent, adding to a modest dip on Thursday and notching … Read more
A.P. Sues Trump Officials Over White House Ban
The Associated Press filed a lawsuit on Friday against top White House officials, accusing them of violating the First and Fifth Amendments by denying A.P. reporters access in retaliation for references to the Gulf of Mexico in its articles. The lawsuit was filed in the U.S. District Court for the District of Columbia. It named … Read more
Veterinarian and 13 Horse Trainers Violated Drug Rules, U.S. Regulator Says
A veterinarian and 13 trainers, seeking an edge at a Pennsylvania racetrack, injected pain medications into the joints of more than 100 horses in violation of federal rules, the federal agency that now regulates the sport said on Friday. Afterward, 30 percent of the horses never raced again and 10 percent were declared lame post-race … Read more
Do Elon Musk and His Father Get Along?
Errol Musk wants the world to know that he and his son Elon are actually on very good terms. “Always have been,” he said in an interview on Friday, just days after comments that he made calling Elon a bad parent went viral. On a recent episode of the Wide Awake podcast, Mr. Musk talked … Read more
Did the Covid-19 Pandemic Change How You Travel? Let Us Know.
Those dark days began almost five years ago. On March 11, 2020, the World Health Organization declared Covid-19 a pandemic, and four days later, U.S. states began to order shutdowns and travel restrictions. By the end of the month, the European Union had barred nonessential travel from outside the bloc, cruise ships were under a … Read more