Oil Prices Soar as Iran Standoff Shows No End in Sight
Oil prices push higher, approaching another wartime high, as President Trump asserted that the naval blockade of Iran’s ports would persist.
Roger Sweet, Creator of the He-Man Action Figure, Dies at 91
The musclebound character he developed as a toy designer for Mattel gave rise to the Masters of the Universe franchise and helped define the machismo of the 1980s.
Why the U.A.E. is Quitting OPEC
The United Arab Emirates is walking away from OPEC this May. The New York Times’ energy reporter, Rebecca Elliott, breaks down how the war with Iran provided the perfect opening for the U.A.E. to go solo.
Meta Deal Reversal Deepens Split Between China and Silicon Valley
Beijing’s insistence that Meta unwind its deal with a Chinese A.I. start-up escalates the geopolitical fight over advanced tech.
Ford Reports Higher Profit Thanks Partly to Tariff Refund
Ford Motor said it expected the federal government to refund $1.3 billion the company paid in tariffs that the Supreme Court later struck down.
Bill Ackman’s I.P.O., Pershing Square USA, Raises $5 Billion
The initial public offering of Mr. Ackman’s new fund, Pershing Square USA, raised $5 billion.
Powell Says He Will Stay on as Fed Governor After Term as Chair Ends
Jerome H. Powell cited lingering legal threats against him and the Federal Reserve in explaining his decision to remain at the central bank.
How the Fed’s rate decision affects your finances.
The central bank’s interest rate policy influences car and home loans, credit cards, savings accounts and more.
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