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Author: NY TIMES
The NewsWalmart, the largest retailer in the United States, on Thursday reported higher sales and profit in the first quarter, giving insight into how consumer spending is weathering the high-interest-rate environment.The Numbers: Sales grew in stores and especially online.Walmart said its comparable-store sales in its U.S. business rose 3.8 percent from the quarter a year earlier. Its global e-commerce business jumped 21 percent. Walmart has performed better than retailers dependent on apparel sales, in part because it also sells essential goods like groceries. Consumers are continuing to find places to cut back on their purchasing.Transactions were up 3.8 percent, while…
A bipartisan group of senators released a long-awaited legislative plan for artificial intelligence on Wednesday, calling for billions in funding to propel American leadership in the technology while offering few details on regulations to address its risks.In a 20-page document titled “Driving U.S. Innovation in Artificial Intelligence,” the Senate leader, Chuck Schumer, and three colleagues called for spending $32 billion annually by 2026 for government and private-sector research and development of the technology.The lawmakers recommended creating a federal data privacy law and said they supported legislation, planned for introduction on Wednesday, that would prevent the use of realistic misleading technology…
Barbara Hannigan, a daring singer and maestro who has built a reputation for innovative programming, will become the chief conductor and artistic director of the Iceland Symphony Orchestra in 2026, the ensemble announced on Wednesday.It will be the first full-time conducting post for Hannigan, 53, a rare artist who began her career as a soprano but in recent years has made a name as a conductor.Hannigan said in an interview that she was drawn to the inventiveness of the Iceland Symphony, which she first conducted in 2022 in a program of Ives, Schoenberg, Berg and Gershwin.“These people are working in…
The United Nations’ top court is scheduled to hear arguments from South Africa on Thursday afternoon after the country recently requested that the court issue further constraints on Israel, saying “the very survival” of Palestinians in Gaza was under threat.In filings disclosed by the International Court of Justice in The Hague last week, South Africa cited the “irreparable harm” posed by Israel’s incursion into Rafah, the southernmost city in Gaza where half of the population has sought refuge. The filings said the rights of Palestinians in Gaza were under threat, adding that Israel’s control over two major border crossings in…
Prime Minister Robert Fico of Slovakia was shot five times on Wednesday, in the most serious attack on a European leader in decades. Officials said the act was a politically motivated assassination attempt, stoking fears that Europe’s increasingly polarized and vitriolic politics could tip into violence.Mr. Fico, a veteran politician, underwent hours of emergency surgery after being critically wounded in a town in central Slovakia. Hospital and government officials said Thursday that Mr. Fico’s condition had stabilized overnight but remained serious.Here is what we know about the shooting.How did it happen?Videos from the scene indicate that Mr. Fico was shot…
Leave it to the Parisians to ace the “Canadian tuxedo.” Taking to Instagram recently with a series of street-style posts, the French photographer Ludovic Pieterson (@thestylearchivist) posted a reel titled “How people style total denim in Paris” and proved beyond any reasonable doubt that a style last in favor during the Rolling Stones’ “Voodoo Lounge” tour was back.Fashion savants, of course, have been proclaiming the return of “double denim” for some time, predicting, with the bland assurance of carnival fortune tellers, that the future lies ahead. Yet, suddenly, in look after look, there was the proof: full denim outfits worn…
More than 5,000 Mercedes-Benz workers in Alabama are voting this week on whether to join the United Automobile Workers union, a decision both supporters and opponents say will have consequences far beyond two factories near Tuscaloosa where the German carmaker churns out luxury sport utility vehicles and batteries for electric cars.Conservative political leaders have portrayed the union campaign to organize Mercedes workers as an assault by outsiders on the region’s economy and way of life. The vote tally is expected to be released by federal officials on Friday.Six Southern governors, including Kay Ivey, an Alabama Republican, issued a statement last…
European Union regulators on Thursday opened investigations into the American tech giant Meta for the potentially addictive effects Instagram and Facebook have on children, an action with far-reaching implications because it cuts to the core of how the company’s products are designed.Meta’s products may “exploit the weaknesses and inexperience of minors” to create behavioral dependencies that threaten their mental well-being, the European Commission, the executive branch of the 27-member bloc, said in a statement. E.U. regulators could ultimately fine Meta up to 6 percent of its global revenue, which was $135 billion last year, as well force other product changes.The…
At noon on Tuesday, some church bells and carillons in the Netherlands didn’t sound like they usually do. Rather than solemnly tolling, they played the melody of “Europapa,” the song that was supposed to be the Dutch entry in the Eurovision Song Contest final this past Saturday.Dutch radio stations are also regularly playing the three-minute pop song, and some fans have added the hashtag “JusticeforJoost” to their social media accounts.Support is strong in the Netherlands for Joost Klein, the singer behind “Europapa,” who was a preshow favorite among Eurovision fans and bookmakers until he was disqualified just hours before the…
Sasson’s report took special note of Avi Maoz, who ran the Construction and Housing Ministry during most of this period. A political activist who early in his career spoke openly of pushing all Arabs out of the West Bank, Maoz helped found a settlement south of Jerusalem during the 1990s and began building a professional alliance with Benjamin Netanyahu, who was then the Israeli ambassador to the United Nations and would soon go on to his first term as prime minister. Years later, Maoz would be instrumental in ensuring Netanyahu’s political survival.“The picture that emerges in the eye of the…