Author: News Room

After a five-year reprieve, the Trump administration will restart forced collections on federal student loans in default, which could include garnishing a portion of borrowers’ paychecks.With collections in place, the last piece of the student loan machinery has been turned back on, officially ending pandemic-era relief, which began when President Trump paused federal student loan payments in March 2020.The Biden administration extended the freeze several times, and payments resumed only in October 2023. But the rules were relaxed for the first year of repayment, and borrowers weren’t penalized for slipping behind until last fall.Now that those penalties have begun to…

The Trump administration said it plans to announce measures as early as Tuesday to ease the impact of tariffs on imported cars and car parts to give automakers more time to relocate production to the United States.Tariffs of 25 percent on imported vehicles and on auto parts will remain in place. But the tariffs will be modified so that they are not “stacked” with other tariffs, for example on steel and aluminum, a White House spokesman said. Automakers will not have to pay tariffs on those metals, widely used in automobiles, on top of the tariffs on cars and parts.In…

The House on Monday overwhelmingly passed bipartisan legislation to criminalize the nonconsensual sharing of sexually explicit photos and videos of others — including A.I.-generated images known as “deepfakes” — and to mandate that platforms quickly remove them.The vote of 409 to 2 cleared the measure for President Trump, who was expected to quickly sign it.The legislation, known as the Take It Down Act, aims to crack down on the sharing of material known as “revenge porn,” requiring that social media companies and online platforms remove such images within two days of being notified of them.The measure, which brought together an…

Since Howard Lutnick was tapped to serve as President Trump’s commerce secretary, executives from some of the world’s largest companies have been trying to win him over.Leaders of Nvidia, Facebook, Taiwan Semiconductor Manufacturing Company and Alphabet have visited his newly purchased $25 million property in Washington — a 16,250-square-foot mansion that Mr. Lutnick, a billionaire, recently quipped would be “big enough for my ego” — to persuade him to adopt a business-friendly agenda.As Mr. Trump ratcheted up tariffs to levels not seen in a century, Ford, General Motors and other companies that have built their businesses around international trade reached…

President Trump has made clear his intent to smash the reigning global economic order. And in 100 days, he has made remarkable progress in accomplishing that goal.Mr. Trump has provoked a trade war, scrapped treaties and suggested that Washington might not defend Europe. He is also dismantling the governmental infrastructure that has provided the know-how and experience.The changes have been deep. But the world is still churning. Midterm elections in two years could erode the Republican majority in Congress. And Mr. Trump’s reign is constitutionally mandated to end in four years. Could the next president come in and undo what…

Spotify has paid more than $100 million to podcast publishers and creators since January, the company told The New York Times’s DealBook.The payout is the result of a program introduced in 2025 that opened up new revenue streams to eligible hosts. But it is also an attempt to draw more creators (and their audiences) to Spotify, as the rise of video podcasting has driven many of them to YouTube.Video has come to dominate podcasting. More than half of Americans over the age of 12 have watched a video podcast — but primarily on YouTube, according to an Edison Research report…

For many New Yorkers, Midtown Manhattan, with its gleaming skyscrapers and busy transportation hubs, lacks an element of cool and cachet that its more culturally vibrant neighbors have. Hordes of office workers, commuters and tourists typically flood the area, leaving it feeling anything but residential.What Midtown does have, though, is a glut of underutilized office buildings. Two in particular brought Nathan Berman, chief executive of Metro Loft Management, to the area: the hulking buildings of Pfizer’s former headquarters on East 42nd Street near Grand Central Terminal. Metro Loft, along with David Werner Real Estate, is converting the buildings into about…

Canada chooses a leader to take on Trump Canadians vote on Monday to determine which political party forms their next government.But President Trump’s tariff assault on Canada and his vow to annex the country and make it the 51st state have turned the federal election into a referendum on which of the two contenders — Prime Minister Mark Carney of the Liberal Party or Pierre Poilievre, leader of the Conservatives — can best handle the American president, Ian Austen writes for DealBook.The only English-language election debate last week opened with the moderator asking Carney, who has been the prime minister…

Brittany Romano, 32, was not looking to start her own long-distance rom-com last September when she showed up to JetBlue’s lounge at Kennedy International Airport 10 minutes before her flight was set to board — but she did.That’s where she met Matt Harrington, 35, a schoolteacher from Pasadena, Calif. He had spied her rushing through security, and when she stopped in the lounge for her usual routine — “take a shot and use the restroom” — he sent her a tequila shot and took one himself. Then the two jogged to catch their plane, as it turned out they were…

Basic research conducted by America’s universities is crucial to our world-class entrepreneurial culture. How do we know this? Let’s take a short tour through the White House.The venture capitalist David Sacks of Craft Ventures runs the White House’s Council of Advisers on Science and Technology. Scott Kupor of Andreessen Horowitz is the nominee to run the Office of Personnel Management, and Sriram Krishnan, from the same firm, is a policy adviser on artificial intelligence. They have all successfully financed companies in the digital economy. The infrastructure beneath those businesses — the foundational internet protocols known as TCP/IP — was developed…