With Inflation This High, Nobody Knows What a Dollar Is Worth

Strong reactions to rising prices and misunderstandings about the value of money are rampant, our columnist says.

ExxonMobil and Chevron Report Lower Earnings

Profits for the two oil giants, which are locked in a standoff over drilling off the coast of Guyana, were squeezed by lower profitability for refining crude and falling natural gas prices.

What Is a ?Decent Wage?? France?s Michelin Raises a Debate.

The tire maker vowed to ensure that none of its workers would struggle to make ends meet.

Americans Went All-In on Self-Storage. That Demand Is Suddenly Cooling.

Many developers, spurred by the pandemic to invest money in new self-storage facilities, have been caught short by this drop in demand.

Daimler Truck Workers in North Carolina Are Poised to Strike

A walkout by employees who make Freightliner trucks and Thomas Built buses would expand the U.A.W.?s campaigns in the South.

?To the Future?: Saudi Arabia Spends Big to Become an A.I. Superpower

The oil-rich kingdom is plowing money into glitzy events, computing power and artificial intelligence research, putting it in the middle of an escalating U.S.-China struggle for technological influence.

With New Salt and Sugar Limits, School Cafeterias Are ?Cringing?

Many parents and nutritionists applauded stricter federal regulations, but food companies say the changes could increase costs and waste.

How Pastor Chad Nedohin Helped Turn Trump Media Into a Meme Stock

Chad Nedohin, a part-time pastor, is among the fans of Donald J. Trump who helped turn Trump Media into a meme stock with volatile prices.

The Onion Sold by G/O Media

The satirical news website was bought by a new firm in Chicago that took inspiration for its name, Global Tetrahedron, from a book written by The Onion?s staff.

Microsoft Reports Rising Revenues as A.I. Investments Bear Fruit

The tech giant?s quarterly results included strong growth in cloud computing, fueled by its services in generative artificial intelligence.

He Paid $13 for $13,000 Cartier Earrings, and Then the Jeweler Noticed

When Rogelio Villarreal bought rose-gold earrings for a price that the luxury retailer said was a mistake, he looked to a Mexican consumer protection law.

Louisiana Will No Longer Require Students to Fill Out FAFSA to Graduate

Experts say high school seniors are more likely to go to college if they complete the financial aid form, but the state sees privacy issues with mandating it.

Stubborn Inflation Could Prod Fed to Keep Rates High for Longer

Hopes for substantial cuts in interest rates are fading as inflation shows more staying power than expected.

Would Trump Move to Control the Fed?

Allies of the former president are said to be devising plans to reduce the central bank?s independence if he is re-elected, a move that would have big consequences for monetary policy.

Xi and Blinken Trade Small Nods Over a Large Gap

The U.S. secretary of state and the Chinese leader struck conciliatory notes in Beijing. But there was no budging on, or hiding, their governments? core differences.

One in Five Milk Samples Nationwide Shows Genetic Traces of Bird Flu

There is no evidence that the milk is unsafe to drink, scientists say. But the survey result strongly hints that the outbreak may be widespread.

Deepfake of Baltimore Principal Leads to Arrest of School Employee

A high school athletic director in the Baltimore area was arrested after he used A.I., the police said, to make a racist and antisemitic audio clip.

Michael Cuscuna, Who Unearthed Hidden Jazz Gems, Dies at 75

Possibly the most prolific archival record producer in history, he was a founder of the Mosaic label, which became the gold standard of jazz reissues.

Key Solar Panel Ingredient Is Made in the U.S.A. Again

REC Silicon says it will soon start shipping polysilicon, which has come mostly from China, reviving a Washington State factory that shut down in 2019.

Honda Commits to E.V.s With Big Investment in Canada

The Japanese automaker, which has been slow to sell electric vehicles, said it would invest $11 billion to make batteries and cars in Ontario.

A Chinese Firm Is America?s Favorite Drone Maker. Except in Washington.

U.S. authorities consider DJI a security threat. Congress is weighing legislation to ban it, prompting a lobbying campaign from the company, which dominates the commercial and consumer drone markets.

Southwest Quits Four Airports in Cost-Cutting Drive

The airline expects fewer deliveries of Boeing planes than before, and cited ?significant challenges? in achieving growth plans because of it.

New Energizer Battery Warns Parents if Their Child Has Swallowed It

The new battery by Energizer, with ?color alert technology,? comes nearly two years after a report warned that more children were swallowing batteries.

U.S. Economy Grew at 1.6% Rate in First-Quarter Slowdown

Gross domestic product, adjusted for inflation, increased at a 1.6 percent annual rate in the first three months of the year.

Wall Street?s Patience for a Costly A.I. Arms Race Is Waning

A sell-off in Meta?s stock after the company disclosed huge investments in the technology may be a sign of investor fears about tech giants? spending.

Biden, Seeking to Build on Fruitful Week, Announces Billions in Chip Grants

The $6.1 billion for Micron, to shore up the domestic supply of semiconductors, comes after a key union endorsement and passage of an aid bill central to the president?s foreign policy agenda.

The National Enquirer?s Parent Company Struggles To Find A Buyer

The parent company of The Enquirer, the tabloid now famous for its ties to former President Donald J. Trump, has tried repeatedly to sell the publication. It hasn?t been easy.

Mining Giant BHP Makes $39 Billion Bid for Rival Anglo American

The deal would create one of the largest copper miners at a time when demand is soaring for the metal used in many green technologies.

N.F.L. Draft Is Like Super Bowl for City of Detroit

Places that are not usual sites for the league?s marquee game are jumping at the chance to be the host of its three-day draft.

Blinken?s Visit to China: What to Know

Secretary of State Antony J. Blinken is in China this week as tensions have risen over trade, security, Russia?s war on Ukraine and the Middle East crisis.

Antony Blinken Visits China

Tensions over economic ties are running high, threatening to disrupt a fragile cooperation between the U.S. and China.

There Is No TikTok in China, Only Douyin. Here?s What It Is.

ByteDance owns both TikTok and Douyin, and although TikTok has more users around the world, Douyin is the company?s cash cow and a China mainstay.

Europe?s Policymakers Get Ready to Lower Rates, Regardless of the Fed

European Central Bank governors are highlighting cooler inflation as a sign the bank could cut interest rates before the Federal Reserve.

McKinsey Is Under Criminal Investigation for Its Opioid Work

Federal prosecutors are examining the consulting company?s role in helping ?turbocharge? the sale of painkillers like OxyContin.

FDA Approves Antibiotic to Treat Urinary Infections

Pivmecillinam, which has been used in Europe for decades, will become available next year to women 18 and older.

Meta Says It Plans to Spend Billions More on A.I.

Along with the higher spending, the owner of Facebook, Instagram and WhatsApp projected lighter-than-expected revenue, causing its stock to plummet.

Divestment From Israel Is a Rallying Cry for College Protesters

The campaign is likely to have a negligible impact on the companies or Israel, but activists see divestment as a clear way to force colleges to take action on the issue.

Long-Lost Klimt Painting Sells for $37 Million at Auction

The portrait was left unfinished in the painter?s studio when he died, and questions persist over the identity of the subject and what happened to the painting during Nazi rule in Austria.

Beef From Dairy Cows? It Could Be a Lifeline for American Farmers.

Letting milk cows graze longer can produce superior beef ? a largely European practice that is now gaining ground in America.

Solar Companies Seek New U.S. Tariffs on Asian Imports

Firms warn that China uses its neighbors to skirt existing levies, depressing prices and threatening U.S. investments.

Binance Founder Should Get 3 Years in Prison, Prosecutors Say

Lawyers for Changpeng Zhao, the founder of the crypto exchange Binance, countered that he should receive no prison time.

Business Groups Sue to Stop F.T.C. From Banning Noncompete Clauses

The lawsuits contend the F.T.C. does not have the authority to prohibit companies from limiting their employees? ability to work for rivals.

Inside the Crisis at NPR

Listeners are tuning out. Sponsorship revenue has dipped. A diversity push has generated internal turmoil. Can America?s public radio network turn things around?

Robert Kraft Withdraws Support From Columbia Over Protests

The New England Patriots owner said this week that he was ?no longer comfortable supporting? Columbia University, his alma mater, which has been disrupted by protests.

Inside Lawmakers? Secretive Push to Pass the TikTok Bill

A tiny group of lawmakers huddled in private about a year ago, aiming to keep the discussions away from TikTok lobbyists while bulletproofing a bill that could ban the app.

What to Know About the New Rules on Airline Refunds and ?Junk? Fees

The Transportation Department issued new requirements on refunds when flights are canceled or delayed and on revealing ?junk? fees before booking. Here?s what passengers can expect.

Starbucks and Union Restart Contract Talks After Bitter Standoff

The company and Workers United, which represents more than 10,000 of the chain?s employees, broke off negotiation nearly a year ago.

Boeing Loses $355 Million in Latest Quarter

The manufacturer has had to slow production of its popular 737 Max planes after a hole blew open on a jet during an Alaska Airlines flight in January.

Who Stands to Gain from a TikTok Ban

The Senate has finally passed a law that could bar the video-sharing app in the U.S., leaving some tech giants in pole position to profit ? or pounce.

Bird Flu Outbreak in Cattle May Have Begun Months Earlier Than Thought

A single spillover, from a bird to a cow, led to the infections, a review of genetic data has found.

High Borrowing Costs Have Some Democrats Urging Biden to Pressure the Fed

Polls show voters are angry about costs, like mortgages, and worried they will stay high if the president wins re-election.

Wanted: A CEO to Fix Boeing

The plane maker, which is searching for a new chief executive, is likely to consider a small number of people, including several former Boeing executives.

Former Boeing Manager Says Workers Mishandled Parts to Meet Deadlines

Merle Meyers, who left Boeing last year after a 30-year career, said he was speaking publicly about his experience because he loved the company ?fiercely.?

Fragments of Bird Flu Virus Discovered in Milk

The milk poses virtually no risk to consumers, experts said. But the finding suggests that the outbreak in dairy cows is wider than has been known.

Howie Schwab, ESPN Researcher and Trivia Star, Dies at 63

He stepped out of his behind-the-scenes role in 2004 when he was cast as the ultimate sports know-it-all on the game show ?Stump the Schwab.?

?It Is Desolate?: China?s Glut of Unused Car Factories

Manufacturers like BYD, Tesla and Li Auto are cutting prices to move their electric cars. For gasoline-powered vehicles, the surplus of factories is even worse.

FTC Bans Worker Noncompete Clauses

The rule would prohibit companies from limiting their employees? ability to work for rivals, a change that could increase competition and boost wages.

The Way Advisers Handle Your Retirement Money Is About to Change

More investment professionals will be required to act in their customers? best interest when providing advice about their retirement money.

Copyright New York Times