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Business

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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Is Trump Unveiling a Crypto Wallet? His Associates Say Yes. His Sons Say No.

The back-and-forth over a potential Trump cryptocurrency wallet on Tuesday exposed rifts among the family’s web of digital currency ventures.

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Dickey’s Franchise Owners Detail Barbecue Chain’s History of Broken Promises

Dickey’s, the world’s largest barbecue chain, has a history of deception and broken promises, according to dozens of its franchise owners.

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What We Can Learn About Xi’s Rule by Studying His Father’s Life

Xi Zhongxun was purged by the Communist Party he served and went on to help reform Chinese politics. His son is the most authoritarian leader since Mao.

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China Rejects Trump’s Accusation That It Violated Trade Truce

In response to President Trump’s claim, China said the United States was the one introducing a series of “discriminatory restrictive measures.”

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Consumers Are Financing Their Groceries. What Does It Say About the Economy?

Increased use of “buy now, pay later” loans may signal shifting consumer habits, but could also be a troubling sign of financial stress.

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As Courts Call Tariffs Into Question, Trump Again Turns to His Favorite Tool

The president is set to raise tariffs on steel and aluminum this week, even as the courts are challenging the legitimacy of other levies.

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Oreo Maker Mondelez Sues Aldi Over Look-Alike Product Packaging

Mondelez International, a corporate giant behind the name-brand versions of many snacks, contends that Aldi is mimicking its packaging to dupe customers.

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Stanley Fischer, Who Helped Defuse Financial Crises, Dies at 81

He was the No. 2 at the Federal Reserve and the I.M.F. during periods of economic turmoil, and he mentored future economic leaders, like Ben Bernanke.

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