Author: News Room

Dockworkers on the East and Gulf Coasts voted in favor of a new contract on Tuesday, ending labor turbulence at ports that handle a large share of U.S. trade with the rest of the world.The dockworkers’ union, the International Longshoremen’s Association, said nearly 99 percent of its members had supported the contract, which raises wages 62 percent over six years and guarantees jobs when employers introduce technology that can move cargo autonomously.The deal was reached after a short strike in October, the first full-scale walkout since 1977, and the intervention of two U.S. presidents.Officials from the Biden administration pushed the…

Fresh off the worst inflation shock in decades, Americans are once again bracing for higher prices.Expectations about future inflation have started to move up, according to metrics closely watched by officials at the Federal Reserve. So far, the data, including a consumer survey from the University of Michigan and market-based measures of investors’ expectations, does not suggest that price pressures are perceived to be on the verge of spiraling out of control.But the recent jump has been significant enough to warrant attention, stoking yet more uncertainty about an economic outlook already clouded by President Trump’s ever-evolving approach to trade, immigration,…

Shares of Tesla had been on a tear since Donald J. Trump won the presidential election. Investors were betting that the carmaker would benefit from the more than $250 million that its chief executive, Elon Musk, spent to support the Trump campaign.But an 8 percent decline in Tesla’s stock on Tuesday all but wiped out what was left of that rally. Investors who once thought that Mr. Trump could help clear regulatory hurdles for Tesla autonomous driving technology have grown concerned that Mr. Musk is spending too much time in Washington while Tesla sales plummet.They also worry that Mr. Musk’s…

New York Public Radio said on Tuesday that it would lay off about 7 percent of its staff as it continued to struggle with a financial shortfall.Twenty-one full-time roles will be eliminated, with three of them becoming part time, the chief executive, LaFontaine Oliver, said in an email to the staff. Seven open roles will also be eliminated.New York Public Radio operates the WNYC news station and WNYC studios, the Gothamist local news website, the classical music station WQXR, New Jersey Public Radio and the Jerome L. Greene Performance Space.“We hold a singular place on the local media landscape, and…

President Trump signed an executive order Tuesday directing his commerce secretary, Howard Lutnick, to begin an investigation into whether foreign production of copper and imports of the material into the United States pose risks to America’s economic and national security.White House officials said that, depending on the results of the investigation, new tariffs could be applied on copper, a material that is widely used in manufacturing and construction and is crucial to the U.S. military and emerging technologies like artificial intelligence.White House officials were scant on details during a call with reporters on Tuesday afternoon, including when the investigation might…

In news about the Trump administration’s job-slashing effort, one class of federal workers comes up repeatedly: “probationary” employees.At the Internal Revenue Service, 6,700 people with that status are being let go. At the Department of Health and Human Services, reports indicated the total could be 5,200. The Pentagon announced last week it would terminate 5,400. At the Forest Service, 3,400 may be cut.These workers, who generally have fewer than one or two years of service in their current positions, are particular targets among civil servants because they have the weakest protections. Here’s what else we know about the people being…

The White House press secretary, Karoline Leavitt, said on Tuesday that the Trump administration would start handpicking which media outlets were allowed to participate in the presidential pool, the small, rotating group of journalists who relay the president’s day-to-day activities to the public.The change announced by Ms. Leavitt breaks decades of precedent. The White House Correspondents’ Association, a group representing journalists who cover the administration, has long determined on its own which reporters would participate in the daily pool.Because presidents often hold events in smaller settings like the Oval Office, where not every reporter who covers the president can fit,…

The calls, texts and emails start coming in before 6 in the morning: restaurants, bakeries and others desperate to find eggs.Brian Moscogiuri is an egg broker. A vice president for the wholesale company Eggs Unlimited, he works the phone in his home office in Toms River, N.J., until late into the evening, trying to connect hopeful buyers with farms that have eggs to spare.But as avian influenza has led to egg shortages and record wholesale prices — an average of more than $8 a dozen, up from $2.25 last fall — Mr. Moscogiuri’s job has been less making matches and…

The shrimp cocktail at the comically exclusive Polo Bar in Manhattan is an imposing specimen, the crustaceans arriving tightly shingled on a steeple of ice accented by a celery spire. To devour one in a single bite would be gluttonous. Each requires at least three bites to enjoy — and to ensure the tail meat is excavated.The hefty Gulf shrimp at the Polo Bar appear to be “U-10s,” a size classification that indicates there are fewer than 10 to a pound. Each bite will run you $2.83, roughly the price of the MetroCard swipe to get there (though Polo Bar…

Fresh off the worst inflation shock in decades, Americans are once again bracing for higher prices.Expectations about future inflation have started to move up, according to metrics closely watched by officials at the Federal Reserve. So far, the data, including a consumer survey from the University of Michigan and market-based measures of investors’ expectations, does not suggest that price pressures are perceived to be on the verge of spiraling out of control.But the recent jump has been significant enough to warrant attention, stoking yet more uncertainty about an economic outlook already clouded by President Trump’s ever-evolving approach to trade, immigration,…