The Trump administration plans to impose tariffs on $7.5 billion worth of European imports—from gouda cheese to single-malt whiskey to large aircraft—beginning Oct. 18 to retaliate against illegal European Union subsidies for aviation giant Airbus. The latest escalation in the administration’s tariffs will open a new chapter in the trade wars that are depressing the…
At age 19, entrepreneur Boyan Slat founded The Ocean Cleanup, a nonprofit that aims to rid the ocean of plastic. The organization designed a device to clean the Great Pacific Garbage Patch, a trash-filled vortex in the ocean that's more than twice the size of Texas. The system has gone through multiple iterations — the first version spilled…
Sports|Doping Scandal Includes a Direct Link to Nike’s C.E.O.ImageMark Parker, Nike’s chief executive, in 2016.CreditCreditJewel Samad/Agence France-Presse — Getty ImagesAs Nike’s chief executive, Mark Parker has seemed to quickly move past multiple controversies over the last two years.When female employees led an internal revolt against what they saw as a toxic culture of bullying and…
A leaked recording of Facebook CEO Mark Zuckerberg speaking to employees in July has revealed the social networking giant’s potential strategy when dealing with competitors, specifically the popular TikTok app. In a transcript of the recorded meeting, which The Verge first reported, a Facebook worker asked Zuckerberg about Facebook’s “plan of attack” on the video-sharing app,…
Facebook CEO Mark Zuckerberg faced questions from employees in July during company-wide Q&A sessions, audio of which was leaked to and published Tuesday by the Verge.Zuckerberg is asked about the reports on the lives and experiences of contracted content moderators, some of which he call "a little overdramatic."Multiple stories, including some from The Verge, have…
Xi Jinping kicks off a celebration of 70 years of Communist Party rule by emphasizing national unity at a time of unrest in Hong Kong.Right NowNew high-tech weapons, including a supersonic missile, were revealed at a military parade in Beijing.ImageChina's leaders watching a military parade in Tiananmen Square in Beijing on Monday.CreditGreg Baker/Agence France-Presse —…
Apple was denied relief for tariffs on five Chinese-made components for the upcoming Mac Pro computer, even after the company announced it was keeping some assembly operations in the U.S. The U.S. Trade Representative’s office refused to grant reprieve from 25% tariffs on the much-discussed optional wheels for Apple’s Mac Pro, a circuit board for…
ImageForever 21 said it would continue to operate its website and hundreds of stores in the United States, Mexico and Latin America.CreditCreditHaruka Sakaguchi for The New York TimesSept. 29, 2019Updated 9:28 p.m. ETForever 21, the California retailer that helped popularize fast fashion in the United States with its bustling stores and $5 tops, said on…
In August 2011, the SPDR Gold Shares ETF (GLD) briefly surpassed the S&P 500 SPDR ETF (SPY) as the largest exchange-traded fund in terms of assets. Since then, the investment performance of these two funds are night and day. The S&P 500 is up roughly 190% in total since the end of August 2011 while…
"Fox News Sunday" host Chris Wallace said Sunday morning that top US officials confirmed President Donald Trump was working with more than one personal lawyer "off the books" to pressure Ukranian officials for damaging information on former Vice President Joe Biden. Wallace reported that in addition to his known personal lawyer, New York Mayor Rudy…
