Author: Admin
U.S. stocks wavered on Friday, signaling an end to a three-day rally that was driven by investor hopes of a de-escalation in the trade war.The Dow Jones Industrial Average rose 20 points, or 0.1%, to close at 40,114, while the S&P 500 added 40 points, or 0.7%, to close at 5,525. The Nasdaq Composite gained 1.3% thanks to boost from a handful of Big Tech stocks, including Nvidia.Mr. Trump had adopted a softer stance on trade in recent days, allaying investors’ concerns and helping trigger a three-day relief rally following a volatile trading day on Monday. Paul Ashworth, chief North…
Victims of sophisticated online scams are often dealt a double whammy. Not only is their money forever gone, but these stolen sums often generate giant tax bills when the funds are emptied from taxable retirement accounts.Many of these victims are often left wondering what sort of recourse they may have. Tax regulators recently provided some answers, clearing the way for more victims to seek a tax break on more solid footing.In a memorandum released on March 14, the Internal Revenue Service’s Office of Chief Counsel described which types of scams might qualify for tax relief, including many investment schemes and…
Pope Francis died on Monday. His loss, of course, is a loss for the world. If you’ll indulge me for just a moment, I’d like to relate his life and his views to what’s happening right now in the business and policy world.At the end of 2019, I went to the Vatican to interview him. You might ask why a business journalist would have done that? At the time, C.E.O.s and corporate leaders of all faiths were coming regularly to tell him about their plans around E.S.G. Uniquely, they went to seek his approval.Many people have suggested E.S.G. was virtue-signaling,…
President Trump has ordered the U.S. government to take a major step toward mining vast tracts of the ocean floor, a move that is opposed by nearly all other nations, which consider international waters off limits to this kind of industrial activity.The executive order, signed Thursday, would circumvent a decades-old treaty that every major coastal nation except the United States has ratified. It is the latest example of the Trump administration’s willingness to disregard international institutions and is likely to provoke an outcry from America’s rivals and allies alike.The order “establishes the U.S. as a global leader in seabed mineral…
A former aide to Health Secretary Wes Streeting has been spared jail after exposing himself to a teenage girl and following her.Samuel Gould was sentenced at Barkingside Magistrates’ Court to 22 weeks’ imprisonment suspended for two years after admitting two counts of exposure. The 33-year-old, of Hornchurch, Essex, who was also a councillor in Redbridge, was seen by the 13-year-old girl masturbating in his parked car in Romford on 8 March.Politics latest: PM warns of Tory-Reform pact ‘disaster’Gould then followed the girl, who hid and knocked on nearby flats to try and get help, prosecutors said. He was also seen…
Americans are having fewer babies, with the annual birth rate now standing near a record low. It’s a trend that has implications for the nation’s long-term outlook — and has drawn attention from the Trump administration, with the New York Times reporting that a proposal for a $5,000 “baby bonus” may be one option for juicing the birth rate. “Sounds like a good idea to me,” President Trump said on Tuesday at a White House event when asked about the possibility of a federal baby bonus. Yet the idea may be far from becoming a reality, with a White House official telling…
Basic research conducted by America’s universities is crucial to our world-class entrepreneurial culture. How do we know this? Let’s take a short tour through the White House.The venture capitalist David Sacks of Craft Ventures runs the White House’s Council of Advisers on Science and Technology. Scott Kupor of Andreessen Horowitz is the nominee to run the Office of Personnel Management, and Sriram Krishnan, from the same firm, is a policy adviser on artificial intelligence. They have all successfully financed companies in the digital economy. The infrastructure beneath those businesses — the foundational internet protocols known as TCP/IP — was developed…
For many New Yorkers, Midtown Manhattan, with its gleaming skyscrapers and busy transportation hubs, lacks an element of cool and cachet that its more culturally vibrant neighbors have. Hordes of office workers, commuters and tourists typically flood the area, leaving it feeling anything but residential.What Midtown does have, though, is a glut of underutilized office buildings. Two in particular brought Nathan Berman, chief executive of Metro Loft Management, to the area: the hulking buildings of Pfizer’s former headquarters on East 42nd Street near Grand Central Terminal. Metro Loft, along with David Werner Real Estate, is converting the buildings into about…
When you buy something at your local supermarket, you generally pay the price on the tag — easy. But in places like Turkey, Vietnam, Egypt, Morocco, Peru, China and West Africa, prices are not always set in advance. You may find yourself haggling over the cost of souvenirs, produce, taxi rides and more.It’s normal to feel awkward, maybe a bit anxious, over an unfamiliar practice. Are you overpaying? Are you driving too hard of a bargain? Is this even something a conscientious traveler should do? And if so, where do you begin?Here are some tips for negotiating a price that…
So far, many of the public resignations have come from associates, who often have more flexibility to move because they are earlier in their careers. At Paul Weiss, there was also the resignation of Steven Banks, the leader of the pro bono practice, who had served as special counsel for the past three years.But at least in one case, the fallout is climbing the org chart. J.B. Howard, a counsel in the global litigation group at Cadwalader, has resigned over a deal the firm made with Trump, DealBook is first to report. (A counsel is a senior-level position but is…