Author: NY TIMES

Market turmoil extended into Wednesday, as stocks across Asia faced renewed pressure from significantly higher taxes on imports to the United States.Stocks slumped across Asia, following a day on Wall Street when stocks whipsawed. Taiwan was the worst hit, sinking over 6 percent. Shares in Japan were down 4 percent. The declines were between 1.5 and 2 percent in South Korea and Hong Kong. Stocks in mainland China were slightly higher.President Trump uprooted investors last week with the announcement of tariffs on countries across the world. Significantly higher American import taxes on goods from dozens of other countries took effect…

Robert W. McChesney, an influential left-leaning media critic who argued that corporate ownership was bad for American journalism and that Silicon Valley billionaires who dominated online information were a threat to democracy, died on March 25, at his home in Madison, Wis. He was 72.The cause was glioblastoma, an aggressive brain cancer, his wife, Inger Stole, said.Professor McChesney was grounded both in academia — he had a Ph.D. in communications and taught at universities — and in ink-on-paper journalism: He was the founding publisher of The Rocket, a Seattle music magazine that reviewed Nirvana’s first single.His primary thesis, expressed in…

At the very moment that Health Secretary Robert F. Kennedy Jr. was set to take the stage, the governor of Gila River Indian Community was still standing at the podium, articulating his uneasiness around recent Trump administration moves.“Let me repeat that: We have spent a good part of this year providing education on why tribes have a political status that is not D.E.I.,” Gov. Stephen Roe Lewis said to a room of 1,200 people, who clapped and cheered.When it comes to cuts sought by what has been called the Department of Government Efficiency, “we need a scalpel and not a…

Kendrick Lamar and Drake. Taylor Swift and Kanye West. Liam and Noel Gallagher of Oasis.Elton John and Madonna?In the annals of celebrity feuds, the one between these two music industry titans does not rank particularly high. In fact, you’d be forgiven for forgetting that they had a dispute decades ago that remained unresolved.Until this weekend, that is, when they made up backstage at “Saturday Night Live.” The two effusively announced the reconciliation on social media.“We Finally Buried the Hatchet!!!” Madonna wrote on Monday in a long Instagram post that was accompanied by a photograph of the two musicians with their…

Israel’s highest court began hearing a case on Tuesday over Prime Minister Benjamin Netanyahu’s decision to replace one of his top intelligence chiefs — a courtroom battle that could open the door to a constitutional crisis.The attempt to fire Ronen Bar, the chief of the Shin Bet, has further polarized an already divided Israel. Supporters of the government view Mr. Bar as disloyal to Mr. Netanyahu, and critics consider his removal a dangerous precedent that undermines the independence of democratic institutions.The hearing, which was being broadcast live in Israel, opened with unruly scenes, as hecklers forced a Supreme Court panel…

“I do think there is so much to be said for your ability to exist, even in the presence of that — it takes a very strong cookie,” Ms. Herd told Meghan, adding, “When I was going through the media storm and being called this and that, and this and that, at Tinder, I didn’t leave my house for, like, a month and a half.”The women reflected on how they handled their professional stresses now, and Meghan said she had been preoccupied with the details around As Ever — specifically the packaging.“For example, a month ago, I was absolutely consumed…

After three days of global market turmoil not seen since the early days of the Covid-19 pandemic, stocks regained a measure of calm on Tuesday despite little letup in the escalating trade tensions caused by President Trump’s tariffs.Before markets opened in China, the government unleashed a series of measures to stabilize stocks. In turn, share prices in Hong Kong, a day after plunging 13.2 percent, and in mainland China jumped about 1.5 percent.Stocks in Japan gained 6 percent, recouping a portion of the previous days losses. The rise in sentiment followed comments made on Monday by Treasury Secretary Scott Bessent,…

Welcome back to Monday’s tennis briefing sports The story behind the story in court over the past week will be explained.This week, the kindest player on the men’s tour did what he did best, with an American seat at the top of the women’s rankings, while Wimbledon’s championship puzzle reveals the delicate balance of tennis schedules.If you want to follow our excellent tennis coverage, click here.An important milestone for Jessica Pegula?Jessica Pegula won the WTA 500 in Charleston, and the American trio below the peak of the women’s tennis rankings this week took the Coco Gauff this week. Pegula defeated…

Sales in the international art market declined 12 percent in 2024, according to the Art Basel and UBS Global Art Market Report published on Tuesday. The annual report, seen as the most reliable indicator of the art market’s size and health, said that sales had fallen for the second year in a row.“Decline in value was driven by cooling at the top end,” says the report, which describes 2024 as “a year of continuing geopolitical tensions, economic volatility and trade fragmentation.” Auction sales of single works that fetched more than $10 million fell by 39 percent, the report says, and…

Last Wednesday, the Trump administration believed it had a plan to save TikTok.ByteDance, TikTok’s Chinese owner, along with some of its U.S. investors, and officials in Washington had coalesced around a new ownership structure for the popular video app, four people familiar with the situation said. That structure, the people said, would help TikTok satisfy the terms of a federal law that required the app to find a new owner in order to address national security concerns, or face a ban in the United States.Under the plan, new investors would own 50 percent of a new American TikTok entity, while…