Business

French Champagne producers do nearly a billion dollars’ worth of business with the United States every year. But on Friday in Épernay, the world capital of sparkling wine, the only number on anybody’s lips was 200. That was the percent tariff that President Trump has threatened to impose on Champagne and other European wines and…

Junior Bridgeman, who followed a strong N.B.A. career with a remarkable run as an entrepreneur, acquiring hundreds of fast-food restaurants, a Coca-Cola bottling business and a minority stake in the Milwaukee Bucks, his team for a decade, died on Tuesday in Louisville, Ky. He was 71. The cause was a cardiac event, a family spokesman…

Goldman Sachs Asset Management is trying to serve more investors looking for downside protection from market turmoil. Bryon Lake helped the firm launch its newest buffer exchange-traded fund this month: the Goldman Sachs U.S. Large Cap Buffer 3 ETF. “I’m an investor. You’re an investor. The folks watching are investors, and there’s an incredible amount…

Natural disasters are becoming increasingly frequent and severe, with devastating consequences for both individuals and communities around the world. In the U.S., the National Centers for Environmental Information reports that between 1980 and 1989, there were an average of 3.3 natural disasters per year that caused more than $1 billion dollars in damage (adjusted for…

The Food and Drug Administration issued a warning on Friday that advised consumers against inhaling nitrous oxide products such as Galaxy Gas, Baking Bad, Whip-it! and Miami Magic. Recreational use of nitrous oxide as a party drug has long been prevalent, but whipped cream charger products such as Galaxy Gas have recently found a young…

The price of gold set a record high on Friday, breaking above $3,000 per troy ounce for the first time as investors reckon with President Trump’s seesawing tariff policy, fears of an economic slowdown and a sinking stock market. Gold is often sought out by investors as a safe haven during times of turmoil, and…

U.S. Senate Majority Leader Chuck Schumer (D-NY) holds a press conference following the Senate Democrats weekly policy lunch at the U.S. Capitol in Washington, U.S., November 19, 2024.  Elizabeth Frantz | Reuters The Senate passed a six-month funding bill Friday to avert a government shutdown hours ahead of the midnight deadline, sending it to President…