NYT > Business

The Economy Got Used to Low Borrowing Costs. Their Exit Could Pose Risks.

After roughly two decades of ultralow interest rates, a period of rapid readjustment is ahead for the United States, the world’s largest economy and most important financial system.
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Sick of Constant Pings, They’re Sending Texts at the Speed of Carrier Pigeon

Apps that let users send digital messages at ultraslow speeds have taken off, with users reveling in a slower pace of life. (Just don’t use the them to make dinner plans.)
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Gen Z Is Building Wealth By Investing Instead of Buying Homes

When it comes to building wealth, Gen Z is more focused on investment apps and their retirement accounts than they are in building equity in a home.
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Universal’s New Coaster Is a Scream. That’s the Problem.

The Hollywood theme park built a “whisper quiet” ride to avoid angering nearby neighbors. They didn’t fully account for the enthusiasm of the riders.
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Boeing Engineers and Technicians Reject Contract Offer

The union members also authorized a potential strike if a new agreement is not reached by October.
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Overlooked No More: Patricia Douglas, Who Challenged Hollywood’s Culture of Abuse

Eight decades before the #MeToo groundswell, she took MGM to court after alleging she was attacked at a studio party in 1937.
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Meghan of Sussex Eyes Role in Netflix Show ‘The Gentlemen’

The duchess’s representatives have had exploratory talks about her joining a third season of “The Gentlemen,” two people said. Netflix has not yet ordered a third season of the show.
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Mark Zuckerberg Buys an Irish Castle

The prominent landowner has added a nearly 200-year-old estate to his holdings. Archival information says it can take “a brisk walk of 4½ minutes to reach the dining room from the kitchen.”
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Trump Announces Move to Lift Ground Beef Tariffs in Bid to Lower Prices

The move prompted blowback from cattle ranchers and Republicans who represent them.
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In China’s Biggest Car Recall, Tesla and 8 Others Will Address Door Safety

China’s regulator ordered changes after vehicle occupants sometimes had difficulty exiting electric cars, an issue that has led to lawsuits against Tesla in the United States.
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Shein, a Fast-Fashion Giant, Struggles to Grow Ahead of a Much-Delayed IPO

Facing pressure in the United States and Europe, Shein is struggling to find new ways to grow ahead of its much-delayed initial public offering.
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Victor Niederhoffer, Trader Who Went Boom and Bust (Twice), Dies at 82

He pioneered a technique for using computers to predict short-term movements in stock prices, something that proved to be hugely lucrative — when it worked.
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Do You Need Flood Insurance? What to Know Ahead of Peak Hurricane Season.

No hurricane-strength storms have formed yet this year in the Atlantic basin, but the limiting activity isn’t certain to continue.
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Can Bessent’s ‘Big Tool Kit’ Calm Bond Investors?

Treasury Secretary Scott Bessent has vowed to step up efforts to restore calm to the debt markets. So far, it’s not working out that way.
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Stocks and Bonds Steady at the End of a Tumultuous Week

Fears about the war in Iran, government deficits, the economy and corporate borrowing stirred global markets.
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Should You Invest in Bonds Right Now?

High-quality bonds are still safer than stocks, but they have been swinging in value, so move cautiously, our columnist says.
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Why Cruise Line Are Hiking Certain Fees

Some major lines are increasing gratuities and deposit requirements, and charging more for certain packages. It’s all adding up.
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Iran War Raises Risk of Collisions and Oil Spills in Strait of Hormuz

More vessels are navigating the Strait of Hormuz with their location devices turned off to evade attacks by Iran, adding to the threat of collisions.
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Why Porsche, Bentley and Other Car Brands Entered Miami’s Condo Market

Pagani, Bentley, Aston Martin and other high-end automakers are teaming up with residential developers, solidifying the city as having the most branded residences associated with car brands in the nation.
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Seattle Times Columnist Resigns After Paper Scrapped Trans Sports Column

Matt Calkins, a longtime sports columnist, said editors had refused to publish a column about transgender athletes in women’s competitions.
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The New York Times Loses Defamation Lawsuit in Alabama

A 2023 article incorrectly reported that a University of Alabama basketball player was at the scene of a deadly shooting. A jury awarded $9.25 million in damages.
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How Big Tech’s A.I. Borrowing Binge Is Driving Up Bond Yields

Analysts said the recent rise in Treasury yields partly reflected investor expectations that A.I.-driven growth could keep interest rates elevated.
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Two Binance Employees Detained in the U.A.E. Amid Police Inquiries

The detentions of the workers, who have been released, are a sign of legal pressure that the world’s largest crypto exchange faces in the Emirates, which is home to its main regulator.
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Lloyd Robertson, Unflappable Canadian Broadcaster, Dies at 92

His 41 years as a national television news anchor surpassed the tenures of Walter Cronkite and Tom Brokaw.
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Several Big Brokerages Leave Customer Accounts Open to Theft, Senators Say

Senators Ron Wyden and Elizabeth Warren, ranking Democrats on the Finance and Banking Committees, have urged regulators to require brokerages to provide stronger customer protections.
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Treasury Turns to Interventionist Tactics to Lower Interest Rates

Treasury Secretary Scott Bessent is reinventing the government’s role in the world’s most important bond market.
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Trump’s Economic Threat Puts Focus on Iran’s Trading Partners

President Trump appeared to suggest that the United States would impose economic penalties on countries that do business with Iran, though he did not specify what actions he would take.
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Walmart Posts Slowest Sales Growth in Years as Americans Tighten Wallets

Walmart and other big U.S. retailers have warned that consumers were being cautious, even if household balance sheets seemed healthy.
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Did Bessent Put the Fed in a Bind?

The Treasury Department’s plan for bond interventions has calmed markets. But Wall Street is worried about the fallout for inflation and more.
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Bond Market Stress Returns and Oil Rises in Edgy Day for Markets

Bond markets remained volatile, as investors assessed the geopolitical turmoil.
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Moderna’s Shift to Cancer Company Lifts Stock Up 177%

The company’s fortunes cratered as demand for Covid-19 vaccines plummeted. But it was busy working on something else.
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Can We Do Anything About Tick-Borne Diseases Like Alpha-Gal Syndrome?

A scientific and civilizational horror story.
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Help! Lyft Charged Me $150 for Vomiting in a Car, but I Didn’t Do It.

A passenger who said he had an uneventful ride home from the airport was shocked to be hit with a cleaning fee for a mess in what appeared to be a different vehicle.
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A Victory Lap for the Boss of the Pebble Beach Extravaganza

The Concours d’Elegance, a showcase of some of the world’s finest cars held over the weekend, was a capstone to Sandra Button’s two decades of leading the organization that puts it on.
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‘The Necessary Conversation’ Puts Family Political Arguments On Full Display

“The Necessary Conversation,” a podcast and YouTube show, is a very public example of the political disputes families are having all across the country.
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Why Your Next Long-Haul Layover May Be in Seoul, Not Dubai

The Iran war has slashed transit traffic at Middle Eastern airports, creating opportunities for hubs in Asia and beyond — at least for now.
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China Sentences Evergrande Founder to Life in Prison

Hui Ka Yan’s punishment caps the downfall of a property empire whose collapse set off a prolonged crisis in the Chinese economy.
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Trump, Who Has Amassed Enormous Wealth in Crypto, Hosts Industry Leaders

President Trump called on Congress to pass a major cryptocurrency bill that would tilt regulation in the industry’s favor.
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Why Bond Yields Are Rising, and What It Means for the Economy

Interest rates on U.S. government bonds can affect everything from auto and student loans to mortgages.
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Columnist Ross Barkan Apologizes Amid Plagiarism Scandal

Mr. Barkan, who has written for New York magazine and The New York Times, said he had “never intended to crib from anyone’s work.”
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Chinese Start-Up Lands Reusable Rocket for the First Time

The milestone by the private company, LandSpace, could put China closer to challenging SpaceX’s rule in lower-cost spaceflight.
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U.S. Debt Hits $40 Trillion as America’s Borrowing Binge Continues

President Trump’s promises to restore fiscal order and reduce the amount of America’s debt burden have been undercut by spending on the Iran war, tax cuts and tariff refunds.
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More Fed Officials Lost Patience About Elevated Inflation at Latest Meeting

Minutes from the Federal Reserve’s July gathering showed broadening support for higher borrowing costs to stamp out lingering price pressures.
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Stripe Buys A.I. Start-Up OpenRouter for $7.5 Billion

The deal is significant for the artificial intelligence industry, uniting Stripe’s payments business with OpenRouter’s helping businesses direct their spending on A.I. models.
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Rebel Ice Cream Files for Bankruptcy After Van Leeuwen Wins Packaging Suit

The announcement comes less than a month after a federal judge ordered Rebel to pay nearly $24 million to Van Leeuwen for copying the design of its containers.
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Markets Rally After U.S. Treasury Eases Bond Investor Stress

Government bond yields fell and stocks rose on a move by the Treasury Department to double the amount of debt that it can buy back from investors.
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How the U.S. Navy Is Helping Get Oil Through the Strait of Hormuz

With Iran making ship traffic perilous, a U.S. operation offers a way out for some energy exports, stealthily shepherding tankers on dangerous journeys.
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The Rising Stakes of the Global Bond Rout

There were already several factors rattling investors. A further rise in bond yields is making things more expensive for everyone.
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Many Student Loan Borrowers May Have to Switch to Worse Repayment Plans

In an unusual move, Congress worsened terms for some existing borrowers. Now they’ll have to pay more, and for a longer term.
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