Trump’s Cuts to Science Funding Could Hurt U.S. Economy, Study Shows
Reducing federal support for research and development could cause long-run economic damage and reduce government revenue.
Reducing federal support for research and development could cause long-run economic damage and reduce government revenue.
A slowdown in commerce between the United States and China caused by escalating tariffs was evident in a report Wednesday on manufacturing activity in April.
As the Trump administration dismantles foreign aid, Bill Gates, whose philanthropy is devoted to global health, is trying to talk to anyone with the president’s ear.
Most levies on imported cars and car parts will remain in place, but automakers have secured some relaxation of the trade policy.
Despite his administration’s lack of concern about climate change, a recession would give the atmosphere a break. At least in the short term.
The prime example is Tether, a firm that regulators once targeted. Its chief executive recently hobnobbed in Washington with lawmakers and lobbyists.
The Iberian Peninsula’s widespread blackout raises questions about the resilience of the electric power infrastructure in the two countries — and to an extent, the rest of Europe.
Toy makers and stores are freezing holiday orders, predicting shortages and higher prices. Some are consulting bankruptcy lawyers, fearing their firms won’t survive.
The move comes as President Trump’s tariffs are reducing shipping volumes and is in addition to 12,000 job cuts last year.
Underlying economic growth remained solid in early 2025, but tariffs and uncertainty are expected to cause a further slowdown.
Companies are weighing whether they should be transparent about tariffs’ effect on prices, or — as Amazon learned on Tuesday — risk drawing the president’s ire.
On the 50th anniversary of the end of the Vietnam War, U.S. companies that have come to rely on Vietnam’s factories, like Apple and Nike, are in a bind because of Trump’s tariffs.
Profit fell 50 percent in the quarter, and the company said one reason was its hiring of additional workers to help its turnaround strategy.
Paramount’s interest in settling has dismayed CBS’s news division. The executive producer of “60 Minutes” abruptly resigned last week.
Large importers, including retailers and manufacturers, paused imports from China this month amid an escalating trade war. Ports are now poised to feel the fallout.
The festival’s longtime president is leaving the festival, as are about 10 others. Its owner, Penske Media, told staff members about the changes on Friday.
The investigations by the Government Accountability Office come as the White House looks to expand its power over the federal budget.
But the effects of the levies, which have created uncertainty for businesses, have not yet been fully felt.
Starting Friday, goods from China worth up to $800 will be subject to tariffs and more paperwork under new Trump administration rules.
The media organization said the White House emailed three of the company’s five directors on Monday, telling them that their positions had been terminated.
Driven by rising rents, crowds and what many see as neighborhood degradation, activists are calling to continue the kinds of protests that erupted last summer.
The main oil and gas trade group wants the Trump administration to reconsider maritime rules released in April that would require it to use some U.S. ships to transport liquefied natural gas.
The White House press secretary, Karoline Leavitt, attacked the retail giant over a report that suggested Amazon would highlight tariff-related price increases. Amazon said it was “not going to happen.”
The chief of the German sportswear giant said unpredictability surrounding the tariffs prevented the company from issuing a full-year forecast, but he predicted a price increase for American consumers.
Market chaos and economic uncertainty has been a feature of the president’s first few months back in office. DealBook breaks down the milestones, and what to expect next.
The investor is raising money to start and build companies infused with artificial intelligence, then use them to buy more.
General Motors also said its profit in the first three months of the year fell 7 percent from a year earlier.
More than five million borrowers are in default, and millions of others are projected to be on the precipice.
World Liberty Financial has eviscerated the boundary between private enterprise and government policy in ways without precedent in modern American history.
Housing developers and researchers say the idea of building more homes on federal land could help ease shortages. But various obstacles could hinder the effort.
The planned concessions to give automakers more time to relocate production to the United States would still leave substantial tariffs on imported cars and car parts.
The Take It Down Act, which united a coalition of conservative and liberal lawmakers, criminalizes the nonconsensual sharing of sexually explicit images of others and requires companies to remove them.
The spacecraft are the online giant’s entry into beaming wireless service from space, but the company has much to do before it can compete with SpaceX’s Starlink.
Howard Lutnick, the secretary of commerce, has become a go-to for major companies seeking relief from tariffs. But he’s not always friendly to their interests.
The president’s turnover of the economic order has unleashed changes that could prove lasting, because other countries will adjust.
The two leading candidates, Pierre Poilievre and Mark Carney, both plan to fight the U.S., its largest trading partner, over tariffs. But who would be more successful as relations grow icy?
The audio platform has branched out to video and has given its podcasters a raise as the war for creator talent heats up.
Jonathan Neman set out to make fast food healthier, co-founding the salad chain in Washington. Now, what goes in our food is political.
For some people, the calmer, semi-exclusive spaces away from the deadening realities of modern air travel have become a prime place to find romance.
The developer behind transforming Pfizer’s former headquarters in Midtown Manhattan into about 1,600 apartments is hoping young people won’t care about the area’s lack of a neighborhood.
European officials see the concern over the “safe haven” reputation of U.S. financial assets as a chance to attract investors.
The show’s top producer abruptly said last week he was quitting. “Paramount began to supervise our content in new ways,” the correspondent Scott Pelley told viewers.
Emails and testimonials from workers at the Consumer Financial Protection Bureau document the administration’s efforts to lay off 90 percent of the employees.
Col. Archibald Gracie wrote the letter while traveling on the Titanic days before the ship sank and plunged him into the icy North Atlantic.
Online and in person, people are clamoring to get their hands on Labubus, which are dolls that are “well-intentioned” but somewhat mischievous.
The cases are the latest test of the president’s expansive claims of executive power.
The 25 percent levies threaten automakers that are navigating Brexit, a shift to electric vehicles and other obstacles.
New details revealed by The Times show that the failures on Jan. 29 before an Army helicopter crashed into a jet near Reagan National Airport were far more complex than previously known.
Electric vehicles will get even more expensive, but prices for Teslas and some other models may not rise as much as prices for some conventional cars.
A new effort at the University of North Carolina at Chapel Hill is aimed at turning its student-athletes into well-remunerated social media stars. Other schools are following suit.
The University of North Carolina at Chapel Hill is known for its sports programs, but now it has something else to offer its athletes: an opportunity to become an influencer. Sapna Maheshwari, a business reporter who covers social media for The New York Times, returned to her alma mater to learn more.
The annual weekend celebrating America’s free press went forward, even as the Trump administration chips away at press freedoms.
Medicines and chemicals are huge exports for European Union countries. That makes the sector a weak spot as trade tensions drag on.
The fired employee admitted that he changed prices, added profanity, and altered menu items so they appeared to be free of certain allergens.
Efforts to fix the Vatican’s broken finances helped restore confidence among big givers. But the work isn’t finished.
Participants at the I.M.F and World Bank meetings this week reckoned with the prospect that the U.S. safe haven could lose its luster.
As tariffs threaten the cost of synth knobs, wine corks, specialty butters and trading card sleeves, the stuff that makes American life fun may become out of reach.
The Trump administration’s war on elite universities has forced them to consider whether it’s ever worth dipping into the trust.
Sarah Paiji Yoo, the co-founder of Blueland, spends her Sunday hunting for ice cream, avoiding single-use plastic and getting a foot massage with her husband.
Mark Mobius, the self-styled ‘father of emerging markets,’ has spent his entire career in an asset class notorious for its volatility and his pronouncements on have long been interpreted as sanguine.
Consumer spending climbs 0.7% in March. Auto sales surge.
PCE shows inflation rate decelerating to 2.3%
Norwegian Cruise Line’s stock fell more than 8% in premarket trading on Wednesday after the cruise operator warned it expects to fall short of Wall Street analyst estimates for its second quarter as it faces an uncertain economic outlook.
Caterpillar expects “negative economic growth” in the second half of the year.
“I don’t want to jeopardize my father’s kind offer.”
Starbucks’ turnaround efforts are still in their infancy, but at least they can rely on their customers to give them some free money.
The U.S. economy contracted in the first quarter of 2025 for the first time in three years, reflecting a surge in imports ahead of President Trump’s tariffs and a slowdown in consumer spending.
“The first quarter of 2025 played out largely as expected,” Etsy said.
While Humana affirmed its full-year profit outlook, which can be viewed as a positive in the current uncertain economic environment, quarterly revenue came up a bit shy, and the earnings outlook for the current quarter was below Wall Street projections.