Author: NY TIMES

Investors were betting big on Federal Reserve rate cuts at the start of 2024, wagering that central bankers would lower interest rates to around 4 percent by the end of the year. But after months of stubborn inflation and strong economic growth, the outlook is starting to look much less dramatic.Market pricing now suggests that rates will end the year in the neighborhood of 4.75 percent. That would mean Fed officials had cut rates two or three times from their current 5.3 percent.Policymakers are trying to strike a delicate balance as they contemplate how to respond to the economic moment.…

Tesla on Monday settled a lawsuit that blamed the automaker’s driver-assistance software for the death of a California man in 2018, averting a trial that would have focused attention on the company’s technology several months before it plans to unveil a self-driving taxi.The trial stemming from the death of Wei Lun Huang, an Apple software engineer who went by Walter, was scheduled to start Monday with jury selection. The case was one of the most prominent involving Tesla’s Autopilot software, attracting significant public attention and prompting an investigation by the National Transportation Safety Board.Terms of the settlement with Mr. Huang’s…

A hug, a handshake, a therapeutic massage. A newborn lying on a mother’s bare chest.Physical touch can buoy well-being and lessen pain, depression and anxiety, according to a large new analysis of published research released on Monday in the journal Nature Human Behaviour.Researchers from Germany and the Netherlands systematically reviewed years of research on touch, strokes, hugs and rubs. They also combined data from 137 studies, which included nearly 13,000 adults, children and infants. Each study compared individuals who had been physically touched in some way over the course of an experiment — or had touched an object like a…

Olivia Rodrigo remembers her life in two parts: before she heard the Breeders’ “Cannonball,” and after, she told the crowd at Madison Square Garden on Friday night, when her Guts World Tour arrived in New York.And that is how the ’90s alt-rock idols came to play the New York arena for the first time last week, 31 years after that song from their platinum 1993 album, “Last Splash,” charted on Billboard’s Hot 100.Rodrigo’s camp initially approached the Breeders in September about opening some dates on the tour supporting her second album, “Guts.” “My first reaction was, Wow, that seems kind…

The Israeli military’s departure from southern Gaza over the weekend has left the devastated territory in a state of suspense as active fighting there receded on Monday to its lowest ebb since a brief truce with Hamas in November.But even as some observers hoped Israel’s withdrawal from the area might portend a new cease-fire, both Hamas and Israeli officials suggested the war was not yet over.Analysts said the withdrawal of Israeli troops suggested only that the war had entered a new phase, one in which Israel would continue to mount small-scale operations across Gaza to prevent Hamas’s resurgence. That strategy,…

Using a unique combination of old-fashioned field work and sophisticated computer modeling, scientists in Sweden have found a way to trace a single beam of lumber to the forest in Europe where it originated.The researchers said the new method, described in a recent paper in the Nature Plants journal, could significantly curb the sale of Russian timber, which is prohibited in the European Union because of the war in Ukraine. But birch, oak, pine and other types of lumber from Russia are still finding European buyers amid surging demand.Last month, the novel approach was used to identify large shipments of…

Gypsy Rose Blanchard, who was convicted of helping to kill her abusive mother in a widely covered case, filed for divorce Monday from Ryan Anderson after just under two years of marriage, according to Louisiana court records.Mr. Anderson, a special-education teacher from Louisiana, has said that he sent Ms. Blanchard a letter at the Chillicothe Correctional Center in Missouri and that the two began corresponding. They married while Ms. Blanchard was still in prison in 2022.After her release in late December, Ms. Blanchard became the subject of frenzied social media attention, much of which concerned her relationship. The pair discussed…

Two and half years ago, bankers and investors attended the United Nations climate summit in Glasgow, an annual event normally dominated by activists and policymakers. It was considered a milestone as the financial sector agreed to put its might into tackling climate change.Hundreds of banks, insurers and asset managers vowed to plow $130 trillion in capital into reducing carbon emissions and financing the energy transition as they introduced the Glasgow Financial Alliance for Net Zero. But a recent study, published by the European Central Bank, disputed the effectiveness of those promises.“Our results cast doubt on the efficacy of voluntary climate…

The race to lead A.I. has become a desperate hunt for the digital data needed to advance the technology. To obtain that data, tech companies including OpenAI, Google and Meta have cut corners, ignored corporate policies and debated bending the law, according to an examination by The New York Times.At Meta, which owns Facebook and Instagram, managers, lawyers and engineers last year discussed buying the publishing house Simon & Schuster to procure long works, according to recordings of internal meetings obtained by The Times. They also conferred on gathering copyrighted data from across the internet, even if that meant facing…

When Diane Scheig’s father, Bill, came home from work at the Mallinckrodt factory in St. Louis, he would strip down in their garage and hand his clothes to her mother to immediately wash, not daring to contaminate the house with the residue of his labors.Mr. Scheig, an ironworker who helped build the city’s famous arch, never told their family exactly what he was doing at the plant, where scientists first began processing uranium for the Manhattan Project in 1942. But by the age of 49, he had developed kidney cancer, lost his ability to walk, and died.Decades later, Diane’s older…