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President Trump has promised to generate a “massive” amount of revenue with tariffs on foreign products, an amount so big that the president said he would create a new agency — the External Revenue Service — to handle collecting the money. “Instead of taxing our citizens to enrich other countries, we will tariff and tax…
In July 2023, Google said it would no longer restrict advertisers from using trademarks that belong to other organizations. That change quickly became a headache for nonprofits that buy Google search ads to find donors. Other outfits, they discovered, were using their trademarks in order to draw internet traffic. Samaritan’s Purse, a nonprofit that aids…
That would slow the growth of the government’s spending on obesity drugs even as more people on Medicare started using them. New prices for the 10 drugs in the first round of price negotiations were announced last summer. Those prices will go into effect next year. Drugmakers were relieved that those cuts were not deeper….
The economic scars of China’s real estate crash are evident at the country’s many street markets for construction materials. Proprietors of once-bustling shops that sell everything from lighting fixtures and doors to toilet bowls are aching for customers. At the same time, China’s exports have climbed sharply. Companies are shipping cars, smartphones and many other…
As Panama’s president laid a wreath to honor those who died protesting the American occupation 60 years ago, the ceremony attendees were resolute. The commemoration this month came just days after President-elect Donald J. Trump falsely claimed China was controlling the Panama Canal and suggested he could use military force to retake the waterway. The…
For years, as oil and gas companies increased production, they hired lots of workers, enriching communities across the United States. That is no longer true. The country is pumping more oil than ever and near-record amounts of gas. But the companies that extract, transport and process these fossil fuels employ roughly 25 percent fewer workers…
To a large extent, the electric vehicle market in the United States runs on Democratic policies. There are federal tax credits for car buyers. Subsidies for battery manufacturing. Cheap loans to build electric car factories. Grants for chargers. Regulations that push automakers to sell more vehicles with no tailpipe emissions. All of that support —…
Constellation Energy, the nation’s largest nuclear power plant operator, has agreed to buy another electricity producer, Calpine, for $16.4 billion, a deal that shows how fast-rising demand for power, partly a result of the data centers technology companies are building for artificial intelligence and other services, is having far-reaching affects on the economy. The cash-and-stock…
Ports on the East and Gulf Coasts could close next week if dockworkers and employers cannot overcome their big differences over the use of automated machines to move cargo. The International Longshoremen’s Association, the union that represents dockworkers, and the United States Maritime Alliance, the employers’ negotiating group, on Tuesday resumed in-person talks aimed at…
Theodore Farnsworth, the former chief executive of the parent company of MoviePass, pleaded guilty to securities fraud on Tuesday after federal prosecutors said he had misled investors about the company’s “unlimited” subscription plan. Mr. Farnsworth, 62, of Miami, also pleaded guilty in the Southern District of Florida to conspiracy to commit securities fraud as the…
