Author: News Room
In the days after President Trump took office, as Elon Musk’s team began pressing for access to the Treasury Department’s payments system, officials repeatedly said that their goal was to undertake a general review of the system. They said they would observe, but not stop money from going out the door.But emails reviewed by The New York Times show that the Treasury’s chief of staff originally pushed for Tom Krause, a software executive affiliated with Mr. Musk’s so-called Department of Government Efficiency, to receive access to the closely held payment system so that the Treasury could freeze U.S. Agency for…
The Labor Department’s latest monthly report on hiring and unemployment will include revisions for previous months that should give a more accurate picture of the U.S. job market — but that could also sow confusion.When the data is released on Friday, one major measure of employment will be revised up. Another will be revised down. Some historical numbers will be revised, but others won’t. And the updates, though part of a routine process, will be taking place in a political environment where both sides have at times expressed skepticism of government economic statistics.“There is going to be a massive amount…
NASA’s second thoughts about VIPER opened an opportunity for someone else to book that ride to the moon. Just because its cargo was canceled did not mean Astrobotic’s journey was off — it remains scheduled for later this year. And on Wednesday, a small startup named Venturi Astrolab Inc. announced it had claimed that opportunity to accelerate its own lunar rover plans.“We’re excited to get actual wheels in the dirt this year and see how all our tech performs,” Jaret Matthews, the chief executive of Astrolab, said in an interview. (Despite the similar names, the two companies are unrelated.)Many people…
To President Trump, one economic number represents everything that is wrong with the global economy: America’s trade deficit.That deficit is the total value of what the United States imports from other nations, minus its exports to other countries. The fact that America runs a trade deficit reflects how the nation’s appetite for foreign goods now far outpaces what U.S. factories and farms send abroad.Official data released on Wednesday morning showed that the U.S. trade deficit widened to nearly $1.2 trillion in 2024, a record.For Mr. Trump, the fact that the United States imports more goods than it exports is a…
In 2020, Uber was at a crossroads: The company had made an expensive bet on robot taxis, but the project was laden with legal problems and burning through cash. So Uber gave it away to another start-up.But five years later, Uber’s future seems as tied to autonomous vehicles as ever. The company is now betting that it can embrace driverless taxis without spending money to build them — at the risk of being overtaken by the companies that do.In recent months, Uber has doubled down on what it calls its “platform strategy,” teaming up with robot taxi companies like Waymo.…
Tesla’s sales in Germany plunged 59 percent in January, the month when Elon Musk, the company’s chief executive and a close adviser to President Trump, chided Germans for focusing too much on “past guilt” for Nazi-era crimes and urged voters to support a nationalist party in the country’s general election.As Mr. Musk has been intent on slashing the U.S. budget through an initiative he calls the Department of Government Efficiency, the electric vehicle company he runs has been steadily losing market share across Europe.The automaker’s sales were down in the three largest European markets for electric cars in January.In Germany,…
The Pennsylvania State Police said this week that they were investigating the theft on Saturday of 100,000 organic eggs worth more than $40,000 from a distribution trailer in Greencastle, in south-central Pennsylvania.The eggs were stolen at around 8:40 p.m. from a facility operated by Pete & Gerry’s Organics, according to a police report.“The thieves could sell them or even use them for vandalizing purposes,” Trooper Megan Frazer, a State Police spokeswoman, said in an email on Wednesday. “We don’t know what purpose of stealing 100,000 would be for at this time. With the extreme increased price of eggs, someone may…
The United States Postal Service made an about-turn on Wednesday and said it would continue to accept packages from mainland China and Hong Kong, reversing a decision to temporarily halt those deliveries after an order by President Trump that ended duty-free handling of many smaller parcels.The Postal Service’s halt and reversal just hours later show how crucial parts of global delivery systems are grappling with sudden changes in U.S. trade policy, sowing confusion among businesses and potentially delaying shipments.On Saturday, Mr. Trump ordered that all Chinese imports would be subject to tariffs starting Tuesday. Until the change, parcels worth up…
20 1 Donald Trump is proposing, that he would induce 2 inflation, increase inflation, and bring about a 3 recession by the middle of next year. 4 MR. BILL WHITAKER: But – 5 VICE PRESIDENT KAMALA HARRIS: My plan, 6 Bill, if you don’t mind, my plan is about saying 7 that when you invest in small businesses, you 8 9 10 11 invest in the middle class, and you strengthen America’s economy. Small businesses are part of the backbone of America’s economy MR. BILL WHITAKER: But pardon me, 12 Madam Vice President, the question was how are …
The Federal Communications Commission on Wednesday released the transcript of a “60 Minutes” interview with Vice President Kamala Harris that has been at the center of a lawsuit between CBS and President Trump.The transcript of the interview shows that Ms. Harris gave a lengthy answer to a question about Benjamin Netanyahu, Israel’s prime minister. About 21 seconds of that answer was aired in a preview of the interview on “Face the Nation.” A different seven-second part of the answer aired the next day in an episode of “60 Minutes.”After the interview aired, Mr. Trump sued CBS in Texas, claiming that…