Sell the Company for $400 Million? He?s Giving It Away Instead.

After his sole heir died, Eddie Smith, the owner of Grady-White Boats, looked for a way to pass on his legacy. He was inspired by Patagonia to pledge future profits to charity.

Blockbuster I.P.O.s Are Creating New Millionaires. Philanthropies Want a Cut.

As start-ups like Anthropic and OpenAI prepare to go public, nonprofits are hoping for a secondary giving windfall from the new tech ultrawealthy.

Tankers Sail Through Red Sea Despite Houthi Blockade

Dozens of ships continued to traverse the Red Sea this week, but with scattered disruption, uncertainty about the passage grows by the hour.

A Global Economy Jolted by an Oil Shock Now Gets a Tariff Reminder

Tariffs are back, but this time there is a war in the Persian Gulf and oil has hit $100 a barrel.

1.6 Million Egg Cartons Are Recalled Over Salmonella Risk

The voluntary recall included eggs produced in Texas and sold under several brand names in six states, the Food and Drug Administration said.

Trump to Speak as White House Correspondents Dinner Returns With More Security

President Trump remains the evening?s keynote speaker, as relations between his administration and the press continue to deteriorate.

F.D.A. Panel?s Vote on Peptides Raises Concerns About a Prescribing Boom

The committee endorsed broader use of the peptides in lightly regulated compounding pharmacies that have grown into a multibillion-dollar business.

Paramount Agrees to Delay Warner Bros. Merger for Months

The company agreed to a proposed freeze until June 2027, unless a judge issues a ruling before then on a lawsuit blocking the deal.

Trump Administration Admits Canceling Grants to States That Did Not Vote for Him

Federal officials said in court documents that they halted billions of dollars in funding for energy projects to states ?based solely? on whether they backed President Trump in the 2024 election.

Small Businesses Sue Trump Administration Over Latest Tariffs

The businesses are represented by the Liberty Justice Center, a legal group that has successfully challenged President Trump?s past duties.

Former ?60 Minutes? Reporter Cecilia Vega Details Claims of Meddling

Cecilia Vega described what she said was pressure from executives to insert bias into several segments that aired this year.

Coca-Cola?s New Branding Reminds People of Marlboro

After the soda company introduced a new brand design, some fans spotted similarities to the typeface used by the cigarette brand. Enter the font nerds.

China Has Come Through Trump?s Trade War in a Good Position

Despite threats from President Trump, the overall average weighted tariff on Chinese goods remained about the same.

Crucial Interest Rate Jumps to Highest Level of Trump?s Second Term

The yield on the 10-year Treasury bond has risen steadily this year, as the Iran war rages, government spending worries intensify and artificial intelligence spending boosts growth.

Clock Ticks Down to Europe?s Ban on Russian Gas Tankers

Europeans say they fear a rising dependence on American energy even with a Jan. 1 deadline to end liquefied natural gas imports from Russia.

China Wields Its Rare Earth Leverage Over Europe With New Export Controls

Beijing banned shipments of important supplies to 14 companies on the cutting edge of chemicals processing, electric motors and defense.

Debt Collection Suits Have Risen Sharply. There?s Help for Consumers Being Sued.

Consumers are being taken to court in droves for delinquent credit card and other bills. New legal protections and even A.I. could be a lifeline.

Why It?s Best to Keep Politics Out of Your Investment Strategy

Despite the blurring of lines between big business and the Trump administration, investing in broad index funds instead of stocks with political ties looks like a better bet.

Why Trump?s Renewed Trade War Could Be Costly

Households and businesses were already contending with an affordability crunch. A new round of tariffs could inflict more pain.

Iran War and Trump?s Tariffs Threaten a Resilient U.S. Economy

As renewed fighting with Iran sends oil and gas prices soaring, President Trump has imposed new global tariffs that could push up prices further.

Is the Amaury Family, Owners of the Tour de France, Hurting Cycling?

The Amaurys of Paris own the race, but won?t share any of the $170 million in media revenue. Sponsors and riders say their resistance is dooming the sport.

An A.I. Music F.A.Q.: Can I Remix Madonna? Is This All Legal?

Advances in A.I. are making it possible to create all kinds of music from scratch, but they also raise questions about what is legal and who will actually listen.

Brent Crude Oil Prices Top $100 as Conflict With Iran Drags On

Stocks in Asia were down following a sell-off in the U.S. markets over soaring oil prices, rising borrowing costs and worries about the technology industry.

Trump?s Section 301 Tariffs: Map of Countries Targeted With New Rates

The president has unveiled a complicated system to forge ahead with his trade war, after the Supreme Court struck down his original levies.

Did the World Cup Live Up to Tourism Expectations? Here Are the Winners and Losers.

Host cities, hotels, tourism boards and more had lofty expectations for the World Cup, but some struck gold, while some fizzled. Here?s the breakdown.

U.S. Withdraws Subpoenas Issued to New York Times Journalists

A federal judge raised questions about the government?s handling of the subpoenas, which The Times called an attempt to intimidate the free press.

Trump Administration Imposed New Tariffs of Around 10% on Over 80 Nations

The administration launched new duties tied to countries? imports of goods made with forced labor, replacing a 10 percent tariff immediately after it expired.

China Rewrites the ?Soft Power? Playbook for the A.I. Age

China is seeking global influence and good will with its open, low-cost artificial intelligence software.

?Odyssey? Popcorn Buckets Help Fuel a $100 Million Market

Once, a tub of popcorn was just a tub of popcorn. Now, ?collectible concession vessels? could make one chain more than $100 million.

Even as War Rages, Investors Bet Oil Will Be Cheaper in a Few Months

Futures contracts reflect an expectation that low inventories and midterm elections are likely to push the Trump administration to try to ease tensions with Iran.

Global Oil Price Hits $100 a Barrel for First Time Since May

The recent rebound reflects traders? growing concern about the expanding war, which now extends from the Persian Gulf to the Red Sea.

Ford Will Use Apple Maps in New Self-Driving System

In a first, Apple software will influence the way a new line of electric vehicles made by Ford Motor operates, and other automakers may follow.

Edward O?Keefe Named C.E.O. of WNET

Mr. O?Keefe, who was previously an executive at CNN, is the chief executive of the Theodore Roosevelt Presidential Library.

Google Sets the Pace on Hefty A.I. Spending

The technology giant again raised its projections for investing in artificial intelligence. Many on Wall Street still worry about the eventual payoff.

Google Hit With $1 Billion Fine By EU Over Search Engine Practices

At a tense moment for trans-Atlantic trade, the European Union accused Google of anti-competitive business practices.

Nuclear Energy Revival Puts Westinghouse in Prime Position

The company, which filed for bankruptcy protection in 2017, stands to benefit from growing support for nuclear power and President Trump?s deal with Saudi Arabia.

Amid Cyclospora Outbreak Tied to Lettuce, America Skips Salads

Foot traffic to chains such as Chopt and Chipotle fell in recent weeks after a recall from Taylor Farms and changing messages from the F.D.A.

Should Travelers Give Up on Summer in Western Europe Because of the Heat?

A favorite vacation option may be at risk because of rising temperatures. Even those sticking with their summer plans agree: More air conditioning would help.

Stocks Tumble as A.I. Spending and Oil Prices Weigh on Market

The S&P 500 tumbled more than 1 percent, while the tech-heavy Nasdaq Composite sank more than 2 percent.

Diesel Crisis Puts Poor Farmers Around the World at Risk

The closure of the Strait of Hormuz has limited the shipment of diesel, depriving farmers of fuel for irrigation pumps and threatening the food supply.

Clarity Act Mired In Debate Over Whether to Bar President From Selling Crypto

Democrats and Republicans are haggling about the Clarity Act, a major bill pushed by the crypto industry, as it moves closer to a Senate vote.

Three Airports Plan to Ditch T.S.A. Agents Amid Push for Private Security

The airports have opted in to the agency?s new security model, an agency spokesperson confirmed on Wednesday. A union official said the move could jeopardize public safety.

Tesla Profit Falls Even as Car Sales Rebound

The company is selling more cars, but the company?s profit was down because of price cuts and higher expenses.

Sony Revives Cinerama Dome in Los Angeles as Box Office Sales Rebound

The iconic Cinerama Dome and adjacent 14-screen theater complex will reopen in 2028 after a renovation. The venue closed in 2020 because of the pandemic.

Trump?s Trade Negotiator Doubles Down on Tariffs Before Global Duties Expire

Jamieson Greer, the president?s top trade negotiator, told the Senate that the United States remained intent on tariffs as it prepared to replace duties the Supreme Court struck down.

Stocks and the Economy Are Increasingly Relying on the A.I. Boom

Investment in artificial intelligence and related companies is lifting the stock market and spending across the economy.

Trump?s New Trade Fights (and Deals)

President Trump has resumed his approach of big threats against some trading partners and generous pacts with others. Experts see new risks.

Global Oil Price Jumps as War Threats Intensify

But stock investors shrug off Iran developments as they await crucial earnings reports from tech firms including Alphabet and Tesla.

See How Houthis Put the Red Sea at Risk as an Alternative Oil Route

Saudi Arabia has diverted huge amounts of oil to the Red Sea since the Iran war began, but now the Iranian-backed Houthi militants say that they intend to block that route.

Copyright New York Times