Business

Business

Counting Up the Potential Costs of the Trump-Musk Rift

The clash between the president and Teslas C.E.O. wiped billions off the electric vehicle maker’s market capitalization. Other risks abound.

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Solid Jobs Report Bolsters Fed’s Patience on Rate Cuts

President Trump said his pick for the next Federal Reserve chair was coming soon as he stepped up his attacks on Jerome H. Powell.

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Trump Has Power, a Big Megaphone and Billions to Spend. So Does Musk.

President Trump is locked in a showdown with the world’s richest man, who is far from a typical opponent.

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Marina von Neumann Whitman Dead: International Trade Expert Was 90

She was the first woman to serve on the White House Council of Economic Advisers. At General Motors, she became one of the highest-ranking women in corporate America.

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Trump and Musk’s Unlikely Alliance Breaks Down in Rapid and Public Fashion

The sudden fallout ended a nearly yearlong partnership, during which Mr. Musk helped propel Mr. Trump to the White House and became one of the president’s top advisers.

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Imports Plummet in April as Trump’s Tariffs Weigh on Trade

Americans bought fewer foreign pharmaceuticals, cellphones and cars, and cut purchases of machinery and other supplies.

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The Original Hermès Birkin Bag Prototype Is Being Auctioned in July

The original Hermès prototype for Jane Birkin’s iconic bag will be sold at auction this summer. There is no estimate for how high the bidding may go.

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U.S. Is Trimming Back Its Collection of Consumer Price Data

The cutbacks would have “minimal impact,” the government said, but economists warned of reduced confidence in inflation data produced by a struggling statistical system.

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Jeffrey Epstein Invested With Peter Thiel, and His Estate Is Reaping Millions

Mr. Epstein, the late financier and sex offender, started by putting $40 million into Valar Ventures, a firm backed by Mr. Thiel. Today that investment is worth about $170 million.

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Trump’s 50% Tariffs on Steel and Aluminum Imports Go Into Effect

The president has ratcheted up the rate on foreign metals to 50 percent, double the previous rate, saying the levies weren’t high enough to help the U.S. industry.

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