Author: NY TIMES

Many of the world’s biggest financial firms spent the past several years burnishing their environmental images by pledging to use their financial muscle to fight climate change.Now, Wall Street has flip-flopped.In recent days, giants of the financial world including JPMorgan, State Street and Pimco all pulled out of a group called Climate Action 100+, an international coalition of money managers that was pushing big companies to address climate issues.Wall Street’s retreat from earlier environmental pledges has been on a slow, steady glide path for months, particularly as Republicans began withering political attacks, saying the investment firms were engaging in “woke…

In December 2022, Taiwan Semiconductor Manufacturing Company, the key maker of the world’s most cutting-edge chips, said it planned to spend $40 billion in Arizona on its first major U.S. hub for semiconductor production.The much ballyhooed project outside Phoenix — with two new factories, including one with more advanced technology — became a symbol of President Biden’s quest to spur more domestic production of chips, the slices of silicon that help all manner of devices make calculations and store data.Then last summer, TSMC pushed back initial manufacturing at its first Arizona factory to 2025 from this year, saying local workers…

It started with mild anxiety.Emily, who asked to be identified only by her first name because she was discussing her mental health, had just moved to New York City after graduate school, to start a marketing job at a big law firm.She knew it was normal to feel a little on edge. But she wasn’t prepared for what came next: chronic insomnia.Operating on only three or four hours of sleep, it didn’t take long for her anxiety to ramp up: At 25, she was “freaking nervous all the time. A wreck.”When a lawyer at her firm yelled at her one…

Ye is almost exclusively rapping in the clipped, nonlinear style he’s largely used for the last decade — short bursts of words, verses that have very little narrative cohesion. It salts a track with his essence, with a minimum of emotional commitment. (“Beg Forgiveness,” on which he’s practically howling, is a notable exception.)Where “Vultures 1” makes more sense is in its production, which is scabrous and tense, moodily emotive and urgent. The music says things the words don’t, or can’t.It also indicates where Ye currently sees his legacy. Two of the dominant strains of contemporary hip-hop can be traced back…

When the Australian equestrian and three-time Olympic medalist Shane Rose mounted his horse for a costumed competition wearing only a G-string bikini, or “mankini,” he thought it was all in good — albeit somewhat uncomfortable — fun.Mr. Rose, 50, wasn’t expecting to receive a call from Australia’s governing equestrian body notifying him that he was under investigation and temporarily barred from competing. But he did, and for a few days after the competition on Feb. 11, he feared that the episode might derail his preparations for the Paris Olympics.On Monday, the body, Equestrian Australia, said it had cleared Mr. Rose…

The Pittsburgh Penguins of the early 1990s were great, a great team that should have won two more championships. Eight of the 20 players dressed the night the Minnesota Penguins won their first Stanley Cup on May 25, 1991, have been inducted into the Hockey Hall of Fame. The coaches and general managers of these teams are also inducted into the Hockey Hall of Fame.So it’s fitting that Jaromir Jagr will one day become the team’s ninth player to have a bust displayed in Toronto.You can’t talk about the ’90s without the number nine, and you can’t discuss ’90s culture…

It was just 10 days after the Oct. 7 attack in Israel when the artist Zoya Cherkassky posted a drawing on her Instagram account. The drawing, “7 Oct. 2023,” depicts three generations of a family seemingly in hiding, the mother covering her baby’s mouth to keep it quiet; all stare desperately at the viewer, their horror unmasked. Above them a solitary lightbulb emits jagged illumination — a direct quotation from Picasso’s “Guernica,” the totemic Modernist depiction of war’s horrors.Shocked and terrified, like other Israelis, by Hamas’s early-morning attack, in which Israeli officials say militants killed around 1,200 people and kidnapped…

Tesla’s hulking assembly plant outside Berlin, which opened two years ago in a community known for its forests and lakes, still rubs many residents the wrong way. They worry it threatens the quality of their water and air, and has disrupted the peacefulness that drew them to the area.Steffen Schorcht, 63, who lives across the freeway from the plant, said the light pollution alone meant he could no longer see the stars when he looked up at night.Now Tesla wants to clear out an additional 250 acres of forest near the plant for warehouses and a rail yard, as well…

INDIANAPOLIS — The names on the trophies for the NBA’s two major games on Saturday’s All-Star Night remain the same from year to year.D-League player Mike McClung, who shocked the world last February by winning the Slam Dunk Contest in Salt Lake City, did it again in Indianapolis, jumping over the 7-foot-1 Shaquille in the final round. O’Neal defeated Jaylen Brown and received a perfect score of 50 points from the judges.In an earlier three-point contest, Damian Lillard hit the final shot from the final frame, beating Trae Young for his second straight win of the tournament.McClung, 25, who has…

The United States struck five Houthi military targets, including an undersea drone, in Houthi-controlled areas of Yemen on Saturday, the U.S. military announced on Sunday.The use of the underwater drone is believed to have been the first time that Iran-backed Houthis had employed such a weapon since they began their campaign against ships in the Red Sea and Gulf of Aden on Oct. 23, the military’s Central Command said in a statement.American military officials provided few details of what they called an “unmanned underwater vessel,” but the Houthis have received much of their drone and missile technology from Iran. In…