Europe Protests as U.S. Invites Russian Minister to G20 Finance Meeting
G20 finance officials gathered in the United States to address the global economic shock caused by the war in Iran.
The New York Times, in plain English
War and politics are setting the economic agenda: U.S.-Iran attacks pushed oil to $90 a barrel, while G20 officials confront the wider shock and Trump faces pressure over debt and prices. The A.I. build-out is splitting paths, with a U.S.-Saudi computing deal advancing as Pennsylvania slows giant data centers after local opposition. Meanwhile, extreme pricing, from a $480,000 cancer pill to heavily discounted electric cars, is putting affordability and government incentives under scrutiny.
G20 finance officials gathered in the United States to address the global economic shock caused by the war in Iran.
Pennsylvania Gov. Josh Shapiro is slowing plans for enormous A.I. data centers after a backlash.
A new pancreatic cancer pill costs $480,000 a year, highlighting sharp cancer drug price increases over the past two decades.
Kalshi permanently barred George Santos and fined him $71,356 after finding evidence of insider trading.
Global oil rose to $90 a barrel after the U.S. and Iran exchanged attacks, the first in a month.
Some schools are wary of private equity’s push to invest in college sports.
The Trump administration will work with a private Venezuelan oil company on its oil deal.
U.S. start-up Together AI struck a deal to use computing capacity from Humain in Saudi Arabia.
High debt and rising prices have made Trump’s economic fight harder as the midterm elections approach.
Current incentives have made the Polestar 4, a solid luxury electric car, a half-price bargain.
A Geely crossover priced below half its rivals’ cost impressed in a Times test, but officials and experts want Chinese cars banned.
The Treasury denied credentials to some reporters seeking to cover next week’s G20 finance meeting in Asheville, North Carolina.
Trump said the United States agreed to take majority control of Venezuelan oil reserves holding more than 65 billion proven barrels.
Oil companies and governments are drawing down stockpiles as Iran and the United States contest control of the Strait of Hormuz.
The U.A.E. central bank promised a review after the U.S. Treasury accused Banque Misr’s local branches of helping Iran.
A PNC Bank letter reporting a mortgage account address change raised concern that a deed theft scheme might be underway.
The column examines how to handle a persistently disruptive cubicle talker.
Start-ups are calling customer-facing AI setup roles “forward-deployed,” a term borrowed from the military.
A recent court ruling could force Pennsylvania’s “skill game” machines to shut down in October.
Prediction-market companies and states entered a legal and political fight over whether the platforms should be regulated as gambling.
Fed chair Kevin Warsh must soon decide whether to raise rates if inflation persists, despite the risk of angering President Trump.
Kevin Warsh said the Federal Reserve bears primary responsibility for bringing elevated inflation back under control.
A reported 40,000 pounds of Pabst Blue Ribbon beer was stolen in California.
Music labels are split between suing A.I. music generators and partnering with them as the industry weighs innovation against theft.
Teleprompter operator Gabriel Perez was ordered to pay a fine over wagers tied to President Trump’s speeches.
A catastrophic flood swept through two Nepalese valleys, crippling a hydropower industry central to the country’s economic plans.
A glacier unleashed deadly flash flooding in Nepal earlier this week.
A new book gives Maria Edgeworth long-delayed credit for her contributions to economic theory.
Walmart will pay $50 million to settle an opioid lawsuit, the U.S. government said.
An appeals court ruled that prediction markets should be regulated as gambling.
Officials say fixes have made the FAFSA college aid form simpler, faster and less stressful to complete this year.
The Trump administration is pressing U.S. companies, including Chevron, to invest more in Venezuela’s oil industry.
Benjamin Rosen, who helped bring venture capital to technology, died at 93.
Investors raised their expectations for an interest-rate increase after comments from Federal Reserve chairman Kevin Warsh.
President Trump updated his $15 billion libel lawsuit against The New York Times, claiming it disparaged his business reputation to hurt his 2024 campaign.
A leading Chinese A.I. start-up launched a new model and argued that China’s open software approach is safer than Silicon Valley’s closed systems.
Investors are looking to Kevin Warsh’s Jackson Hole speech for guidance on inflation, interest rates and the bond market.
A smaller 2026 revision suggests initial U.S. jobs estimates were more accurate.
Six months of war in Iran have shaken oil, gas, stock and other markets.
Proposed S.E.C. rules would reduce the financial information companies must provide investors.
Strategist Edward Yardeni believes the stock market’s A.I. rally could continue for years.
The Danube and Rhine reached record-low water levels this summer, disrupting hundreds of European river cruises.
Shawn Fain’s bid for a second term as United Auto Workers president is under strain.
Canadian retailer SSENSE is moving a core operation to the United States to help American customers avoid hefty tariffs.
Dollar General and Dollar Tree reported sales gains as higher gas prices pushed shoppers to cut costs.
A landmark Meta settlement appears to validate Jonathan Haidt’s argument that social media harms children.
California lawmakers passed a bill allowing residents to connect solar panels through standard outlets; it now awaits Gov. Gavin Newsom’s signature.
Meta’s landmark settlement may prove more favorable to the company than expected.
The Times highlights five new hotels for late-summer trips, spanning Cape Cod to Croatia.
The F.D.A. approved a new pancreatic cancer drug that could be the first in a broader group of treatments.