The New York Times |
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The Markets Contend with Powell’s Long Goodbye at the Fed13:00 The chair of the Federal Reserve said that he might not leave the central bank any time soon, setting up a potential clash with President Trump. Sorry, Mom. You’re Chatting With an A.I. Agent, Not Your Son.10:19 Silicon Valley’s young coders are getting creative with this new technology. They also worry they’re not spending enough time with it. Gas Prices in Japan Hit Record High, Testing Leader’s Cost-of-Living Pledge10:19 Japan is deploying subsidies to blunt fuel price increases but remains vulnerable to the long-term economic risks of the war in the Middle East. Oil Prices Keep Climbing on Heightened Fears Over Energy Supplies5:32 Attacks on major energy facilities in Iran and Qatar injected new uncertainty into the outlook for oil and gas prices. The Iran War’s Economic Threat to Europe and Asia5:32 Inflation and its consequences for growth is a growing concern for countries where memories of the 2022 energy crisis are fresh. Ozempic Is About to Go Generic in India, China and Canada5:32 In India, China and several other nations, Novo Nordisk is on the verge of losing patent protection for its blockbuster weight loss drug, opening the door for cheaper competing versions. Powell Says He Will Remain as Fed Chair Until Successor Is Confirmed22:25 Jerome H. Powell, who leads the central bank, also said he would not leave the Fed until a criminal investigation into his handling of renovations was over. Fed Holds Rates Steady as War in Iran Upends the Economic Outlook21:50 Jerome H. Powell, the chair of the Federal Reserve, emphasized the high degree of uncertainty stemming from the conflict as he acknowledged the potential for surging energy prices to lift inflation and dent growth. F.D.A. Investigates 7 E. Coli Illnesses as Raw Dairy Farm Denies Any Link20:07 The outbreak has sickened people in California, Texas and Florida. The agency said Cheddar cheese products from Raw Farm are “the likely source,” but the company denies it and has not recalled them. Iran’s South Pars Gas Field Is Attacked, Sending Energy Prices Soaring20:07 The field is part of a vast gas reservoir shared by Iran and Qatar. The strike appeared to be one of the most significant attacks on an energy site since the U.S.-Israeli air war against Iran began. Trump Renews Demand for Rate Cuts as Fed Grapples With War in Iran17:47 Oil prices are soaring, threatening a wider problem with inflation, but the president has insisted that borrowing costs must be lowered. |
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