NYT > Business

Saudi Aramco Reports 33% Profit Surge Despite War’s Disruption

Higher oil prices propelled a quarterly earnings jump for Saudi Arabia’s energy giant, which used pipelines to work around disruptions in the Strait of Hormuz.
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How the Mohegan Tribe Lost a Billion-Dollar Casino in South Korea

Inspire Entertainment Resort — an alternative to Macau, the world’s gambling capital — was supposed to be a “transformational” project for the Native American tribe.
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Sailors Working in Strait of Hormuz Are Caught in Crossfire of Iran War

Thousands of civilian workers remain stranded on ships at risk of attack by Iran. On one vessel, sailors have been held by the Iranian navy for more than three months.
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A Currency Trader at Heart, Bessent Bets on Japan’s Yen

Coordinated intervention allowed Japan to support its currency without selling off its U.S. debt holdings.
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Education Dept. to Wipe Out Student Loans of 170,000 More Defrauded Borrowers

The sprawling case, centered on students defrauded by for-profit schools, has now become the largest class-action settlement in American history.
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Republicans Let Trump Keep Unparalleled Benefit: I.R.S. Immunity

The rebellion against Todd Blanche’s nomination to be attorney general, now seemingly contained, at no point fundamentally questioned President Trump’s new protections from the I.R.S.
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Boeing’s Smallest 737 Jet Wins F.A.A. Approval

After years of delays, the Federal Aviation Administration has certified the Boeing 737 Max 7, the smallest version of the company’s best-selling plane.
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Former ’60 Minutes’ Correspondents Sharyn Alfonsi, Scott Pelley Will Teach At Columbia

Sharyn Alfonsi and Scott Pelley, who exited the show after clashing with executives at CBS News, will teach reporting skills.
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Here’s Why the US Is Helping Prop Up the Japanese Yen

The U.S. Treasury joined efforts in Tokyo to stem the yen’s slide against the dollar, highlighting the broader risks posed by turmoil in Japanese markets.
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SpaceX’s Stock Lockup Is Expiring. Prepare for a Bumpy Ride.

On Thursday, employees and other insiders at Elon Musk’s rocket company will be released from their first stock “lockup” and can start selling some of their shares.
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Trump’s ‘Perimeter of a Deal’ Rallies the Market

Bullish investors are out in force on Monday despite more mixed messages about potential U.S.-Iran peace talks.
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What Are Companies Getting for All That A.I. Spending?

A new field of “tokenomics” has emerged to measure the return on all the money companies are pouring into artificial intelligence.
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U.S. and Japan Coordinated to Help Stabilize the Yen

U.S. and Japanese officials confirmed that the Treasury Department had moved last week to prop up the currency, which had been trading near four-decade lows.
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Oil Prices Plummet as Investors Digest Pause in Iran War Fighting

The markets’ moves were the first since President Trump said he had halted a planned U.S. assault on Iran.
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Google Earth Disables A.I. Tool After One Day Over Disinformation Concerns

A new Google Earth tool allowed the creation of A.I. deepfake maps. The company quickly pulled it back after users noted there were no safeguards to prevent content that could be harmful.
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Nanit and Other Baby-Tracking Start-Ups Eye Collecting Even More Data

Nanit and other start-ups want to track your children through the night — and soon, for much longer than that.
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13-Year-Olds Have Problems at Work, Too

What to do when the boys at the pool aren’t pulling their weight.
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Trump, Paul Weiss and the Capitulation of Big Law: 5 Takeaways

The law firm Paul Weiss led the legal resistance against President Trump. Then it led a sudden retreat across the legal industry. A Times investigation examined how it caved to White House pressure.
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More Young College Graduates Are Living At Home. Is That a Bad Thing?

More young adults are living with their parents. The development suggests that they face a weak job market, but also that fewer face stigma in returning to the roost.
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The Ultra-Rich Are Moving to Miami, and Want Their Money Managers There, Too

Tax incentives, among other benefits, have drawn the ultrawealthy to the city. And they need space for the firms that manage their money.
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How a Top Law Firm Went From Standing Up to Trump to Bending the Knee

Paul Weiss was a progressive stalwart for decades and led the legal resistance against President Trump in his first term. Then it surrendered without a fight. This is the inside story of its transformation.
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‘Spider-Man: Brand New Day’ Heads for $875 Million Opening at Global Box Office

The Sony Pictures movie, the 11th big-budget Spider-Man blockbuster since 2002, had one of the biggest domestic first weekends ever.
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The High-Stakes Battle for Invisible Real Estate in Space

As radio spectrum becomes more valuable, companies like SpaceX are jostling alongside governments to control more of it.
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The Fight Over the World’s Oldest Bank

Founded in 1472, Banca Monte dei Paschi di Siena has survived wars, pandemics and scandals. But a hostile takeover bid has Tuscans on edge.
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Is A.I. ‘Scheming’ Against Us?

Researchers are sounding the alarm on sneaky artificial intelligence models that stray from humans’ directions to do their own thing.
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Leaving Property to Your Heirs Can Lead to Headache, not Robust Wealth

Real estate passed down without a clear title of ownership can prevent families from creating generational wealth.
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Carmakers Go Back to the ’80s With Turbo Engines

A hyped technology from four decades ago, turbocharging is now standard in almost half of all cars sold in the United States, largely to help meet efficiency standards.
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Leopold Aschenbrenner Built a Hot A.I. Hedge Fund. Then it Melted Down.

Situational Awareness, led by a 24-year-old, exploded onto the artificial intelligence scene — and then nose-dived.
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Next Met Gala Show Will Honor John Galliano, Celebrated Designer Infamous for Antisemitic Rant

As famous for his antisemitic rant in 2011 as he is for his fashion, Galliano would be one of only three living designers ever to receive the honor.
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Warsh Considers Reducing Frequency of Fed Policy Meetings

The Federal Reserve has met at least eight times a year for decades. Reducing the number of meetings would represent the biggest change by Kevin M. Warsh since he became chairman.
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‘Adults’ Is Getting a New First Episode

Many viewers turned away from “Adults” after an over-the-top scene in the show’s first episode, so FX made a new one.
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Adam O’Neal Resigns as Washington Post Opinion Editor

Adam O’Neal inherited a mandate from the paper’s owner, Jeff Bezos, to shift toward “personal liberties and free markets.”
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Companies Rush to Close Daring Deals Under Trump

Companies are seizing on what many say is perhaps the most favorable regulatory environment for businesses in years.
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BP Puts Its North Sea Drilling Business Up for Sale

The plans are part of the energy giant’s efforts to streamline operations, but BP has deep roots in the region.
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Inflation Worries Prompted Fed Officials to Dissent on Holding Rates Steady

Internal divisions over whether to raise interest rates intensified at Kevin Warsh’s second meeting as chairman of the Federal Reserve.
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What a Hedge Fund’s Implosion Says About the A.I. Trade

Situational Awareness caught the attention of Wall Street with its highly leveraged trades. It nearly collapsed amid a wave of market volatility.
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Iran War Drives Oil Profits to Highest Levels in Years

The world’s biggest oil companies are benefiting from the high commodity prices that have been a drag on the rest of the economy.
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Five Takeaways From the Times Investigation Into Larry Ellison’s A.I. Gamble

The billionaire’s company took on ominous loads of debt to build data centers around the world. The implications go far beyond Oracle.
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Larry Ellison Bet It All on the A.I. Boom. Will He Be the Face of the A.I. Bubble?

Inside the 81-year-old billionaire’s risky, debt-fueled scramble to transform his data empire into an A.I. juggernaut.
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Will ‘Barbie’ Get a Sequel? Warner Bros. Is Scrambling to Reach a Deal.

Three years after the $1.5 billion hit, Warner Bros. is trying to reach a deal before December, when the rights for a sequel revert to Mattel.
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Europe Is Caught Between Low Gas Reserves and Rising Prices From Iran War

Across Europe, reserves of natural gas for use in the winter months are lagging, meaning continued higher prices for households and businesses.
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What You Need to Know About Installing Plug-In Solar Panels

You can now buy panels that plug into electrical outlets, but there are some important safety issues to consider when picking and installing a system.
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The German Auto Industry, a Pillar of the National Psyche, Is Trembling

The country’s iconic carmakers are struggling with tariffs, the growth of electric vehicles and intense competition from Chinese companies.
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Plug-In Solar Panels Are Starting to Sprout in U.S. Backyards

Ten U.S. states have legalized systems that can be plugged into standard wall outlets. The technology typically does not require permits or electricians.
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South Korea’s KOSPI Soars 18%

South Korea’s KOSPI index has swung wildly because of both the enthusiasm and anxiety related to investing in the global artificial intelligence boom.
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Bond Investors’ Inflation Angst Rises on Fed’s Lack of Guidance

The yield on government bonds, which underpins borrowing costs from mortgages to business loans, remained elevated over concerns about the Federal Reserve’s efforts to contain inflation.
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A.I. Hedge Fund Situational Awareness Rescued by Rival Citadel

The once-high-flying firm Situational Awareness, whose founder is 24, has been bailed out by Kenneth Griffin’s Citadel, according to three people briefed on the transaction.
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Taco Bell Sales Recover Following Cyclospora Outbreak

Transparency around pulling affected lettuce from stores has helped Taco Bell regain consumer trust, its parent company, Yum Brands, said.
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ABC Formally Rebukes F.C.C. for Review of TV Licenses

The network’s comments are part of its efforts to push back against the F.C.C.’s review of its local broadcast licenses.
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Trump’s Tariff Exemptions Include Diamonds, Oil and Gas, Copper and Other Items

A new round of tariff carve-outs has raised familiar questions about who should receive the lucrative exceptions, and why.
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