War and Sanctions Accelerate China’s Currency Push
China’s bid to build a renminbi-based financial system beyond the U.S. dollar’s reach is gaining traction as a way to sidestep sanctions.
Pentagon Fires Stars and Stripes Newspaper’s Ombudsman
The newspaper’s ombudsman, Jacqueline Smith, said she had been given no reason for her dismissal.
Soldier Used Classified Information to Bet on Maduro’s Ouster, U.S. Says
Federal prosecutors say that Sgt. Gannon Ken Van Dyke, who was involved in the operation to oust Nicolás Maduro from power in Venezuela, used the information to place bets on a prediction market.
Nike to Cut 1,400 Jobs as Part of Its Turnaround Plan
Most of the layoffs will affect tech workers as the athletic giant tries to reverse a yearslong sales slump. It’s the second round of cuts this year.
New Gene Therapy Enables Children With a Rare Form of Deafness to Hear
The treatment, the first of its kind, was approved by the Food and Drug Administration on Thursday. “Our baby was born deaf, and now he can hear,” said one parent.
Two Litigation Partners Depart Paul Weiss
Kannon Shanmugam and Masha Hansford are the latest in a string of litigators who have left the influential New York law firm.
Microsoft Targets About 7% of Its U.S. Workers With Buyout Offer
The tech giant is offering long-serving employees early retirements as it continues to invest aggressively in artificial intelligence.
Congress May Finally Recognize That Mobile Homes Aren’t Really That Mobile
An obscure federal rule requires manufactured homes to be built on a chassis, making them more costly. A bill in Congress would remove the mandate, enacted five decades ago.
How We Cover the White House Correspondents’ Dinner
The annual black-tie event attracts Hollywood stars, reporters and politicians for an irreverent night celebrating press freedom.
Warner Bros. Discovery Shareholders Approve Paramount Deal
The vote brings the tech scion David Ellison one step closer to uniting some of the world’s biggest news and entertainment properties.
Oil Prices Rise Amid Uncertainty Over Next Steps in War
Investors wrestled with uncertainty about the cease-fire between the United States and Iran.
As U.S. Brands Stumble, China Wins Over Young Indonesians
A new generation of Indonesian consumers view Chinese brands as high-tech and of good quality, a departure from the days when “made in China” was associated with cheap goods.
Some Labubu Dolls Contain Cotton Banned By Forced Labor Law, Testing Shows
A test verified by The New York Times found that clothes for some of the viral dolls contained cotton from the Xinjiang region of China, which is banned in the United States.
Investors Fret Over Tesla’s $25 Billion A.I. Bet
Elon Musk’s electric vehicle company said that it needs to spend big on artificial intelligence and robots. Wall Street is worried about the bill.
Why Diesel Has Become a Much Bigger Economic Problem Than Gasoline
The war in Iran has disrupted supplies of diesel, used to power trucks and heavy equipment, much more than gasoline, which is primarily used in passenger cars.
Controversies and Production Issues Around ‘Michael,’ the Jackson Biopic, Explained
Reshoots, reluctant studios and family holdouts: the production faced many issues. But now the box office is expected to be huge.
Tesla Profit Rises but Remains Below Earlier Highs
The company is investing in robots and self-driving taxis that are not yet generating significant sales.
Heidi O’Neill, Formerly of Nike, Will Be New Lululemon’s New CEO
Heidi O’Neill will join the maker of yoga pants and other athletic clothing in September.
Former Employee Sues MrBeast’s Company, Alleging Harassment
The former employee of the YouTube star’s production company said in a federal lawsuit that she had experienced sexual harassment and pregnancy discrimination. Beast Industries denies all of the claims.
Trump Administration Nears Loan Deal to Rescue Spirit Airlines
The Trump administration is negotiating a deal that would provide as much as $500 million to the struggling company, which is in its second bankruptcy in two years.