Business

The nation that the Trump administration slapped with the heftiest tariff this week is a small, rural, landlocked country in southern Africa that is among the world’s poorest. Lesotho, which makes denim that goes into American-branded jeans, was hit with a 50 percent tariff. It was among several lower-income countries on the continent that were…

John Thornton, a financier who leveraged his wealth and influence to embark on the seemingly quixotic mission of reviving local journalism in a time of crisis, by founding The Texas Tribune, a seminal regional nonprofit news organization, and the American Journalism Project, which supports local digital newsrooms around the country, died on Saturday in Austin,…

The Nasdaq MarketSite in New York, June 9, 2023. Michael Nagle | Bloomberg | Getty Images Silicon Valley executives and financiers publicly opened their wallets in support of President Donald Trump’s 2024 presidential run. The early returns in 2025 aren’t great, to say the least. Following Trump’s sweeping tariff plan announced Wednesday, the Nasdaq suffered…

In January, the Chinese startup DeepSeek rattled the AI world, tech stocks, and Wall Street darling NVIDIA when it released an open-source model that was smaller, more efficient, and significantly cheaper to build than products from leading U.S. companies. DeepSeek quickly jumped to the top of app-store charts, and the moment was declared a wakeup…

At 11 a.m. on Friday, the S&P 500 was down about 4 percent, on top of a nearly 5 percent drop the day before. On Fox News, Harris Faulkner opened her 11 a.m. newscast with the following pronouncement: “President Trump is keeping another campaign promise. He tilted the global economy, and he’s done that to…

Volkswagen, the German automaker, has told its car dealers that it plans to add an import fee later this month to the price of imported cars sold in the United States. The company’s move is one of the first and clearest examples of automakers using price increases to deal with the 25 percent tariffs President…

U.S. President Donald Trump speaks during an event announcing new tariffs in the Rose Garden at the White House in Washington, April 2, 2025. Chip Somodevilla | Getty Images President Donald Trump announced an aggressive, far-reaching “reciprocal” tariff policy Wednesday, leaving many economists and U.S. trade partners to question how the White House calculated its rates. Trump’s…