Author: NY TIMES

Move over, Microsoft and Apple. The stock market has a new king.On Tuesday, Nvidia leapfrogged two of tech’s most storied names to become the world’s most valuable public company, according to data from S&P Global. Its ascent has been powered by the boom in generative artificial intelligence and surging demand for the company’s chips — known as graphics processing units, or GPUs — which have made it possible to create A.I. systems.Nvidia’s rise is among the fastest in market history. Just two years ago, the company’s market valuation was over $400 million. Now, in the span of a year, it…

“The Heart of Rock and Roll,” a new jukebox musical powered by the songs of Huey Lewis and the News, will close on Broadway on Sunday.The show is the second to announce plans to close in the wake of this year’s Tony nominations, joining “Lempicka” on the list of productions that could not find an audience during this jam-packed spring. “The Heart of Rock and Roll” opened on April 22 to better-than-expected reviews, but picked up zero Tony nominations. The show will have played 24 previews and 72 performances.During a very crowded period on Broadway, the show was unable to…

Has the pause made a difference?Aid groups say the pause has appeared to take hold, but will not automatically translate into the free flow of aid.Supplies are held at warehouses before distribution. Jeremy Konyndyk, president of Refugees International, said on Tuesday that it was “almost impossible” to find warehouses in Rafah, the epicenter of the aid effort, because they had been destroyed or were inaccessible.The spokesman for Israel’s military, Rear Adm. Daniel Hagari, said on Tuesday that 1,400 trucks of aid that had been transferred from Israel into Gaza “remain uncollected” by international organizations. Before the war, the enclave had…

Biden will give protections to undocumented spouses of U.S. citizensPresident Biden announced sweeping new legal protections yesterday for undocumented immigrants who have been living in the U.S. for years and are married to Americans. It is one of the most expansive presidential actions to protect immigrants in more than a decade.Under the new policy, 500,000 people would be shielded from deportation, given work permits and offered a pathway to citizenship. The benefits would also extend to the roughly 50,000 children of undocumented spouses who became stepchildren to American citizens. Biden administration officials said they expected the program to launch by…

Wanting what we do not need (and what, in a biblical sense, is not ours) is at the core of luxury-goods consumption. And want, more than anything more evolved or cerebral, was the emotion stimulated by the men’s wear shows in Milan this season. Does the world require a linen field jacket with Breton stripes or a navy blazer made from terry cloth piped in white or a safari jacket styled as evening wear and worn with Gurkha trousers and a slightly ludicrous shawl collar waistcoat? It does not.Yet viewing this stuff at a Ralph Lauren Purple Label presentation at…

The United States is on pace to add trillions of dollars to its national debt over the next decade, borrowing money more quickly than previously expected, at a time when big legislative fights loom over taxes and spending.The Congressional Budget Office said on Tuesday that the U.S. national debt is poised to top $56 trillion by 2034, as rising spending and interest expenses outpace tax revenues. The mounting costs of Social Security and Medicare continue to weigh on the nation’s finances, along with rising interest rates, which have made it more costly for the federal government to borrow huge sums…

▶ Listen on Spotify, Apple Music or YouTube4. Janis Joplin: “Ball and Chain (Live)”Though Big Brother and the Holding Company and its lead singer Janis Joplin were some of Monterey’s biggest breakout stars — the band got a record deal with Columbia on the strength of its performance — their initial Saturday afternoon set had not been captured on film. When it became clear that Joplin’s ragged rendition of Big Mama Thornton’s “Ball and Chain” (performed here in 1970 at Calgary’s McMahon Stadium) would go down as one of the weekend’s highlights, she and the band were given a two-song…

Biden administration officials are divided over what to do with $687 million in assets a French company forfeited after pleading guilty to aiding terrorist groups like the Islamic State, according to people familiar with internal deliberations.The dispute, which has pitted the State Department against the Justice Department, raises a tangle of legal, moral and policy problems about the financial implications of executive branch officials handling an unusually large amount of money that has not gone through the usual process of being appropriated for a specific purpose by Congress.Among the points of contention: whether the administration can or should funnel some…

The Friedman sisters have been making art together since they were little girls. Their London childhood was chaotic — they were often left to their own devices — but the family’s four children found solace in storytelling.Now Sonia, 59, is one of the most successful theater producers in the English-speaking world. Maria, 64, is a celebrated actress and singer. Their sister is a scientist, and their brother, who died last year, was a violinist.Sonia and Maria have occasionally worked together over the years, but rarely with as much emotional investment as on the current Broadway revival of “Merrily We Roll…

PINEHURST, N.C. — The toughest shot in golf history came between Bryson DeChambeau and his second major championship.The ball came to rest on the soft sand of Pinehurst. After an approach shot from behind a tree root, the ball had traveled 55 yards—a distance that professional golfers almost universally despise. The hole is located just six steps from the back right edge of the green, bordered by another bunker. The groans that followed after Rory McIlroy missed a par putt on the final hole still hang in the air around Grandstand 18.DeChambeau hit the wedge with a 55-degree wedge. Bogey…