The Export-Import Bank is providing a $10 billion loan to Project Vault, an initiative to stockpile critical minerals. The project is the administration’s latest effort to reduce reliance on China.
Category: United States Politics and Government
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The Bank Trump Is Relying On for Rare-Earth Minerals
The New York Times – Business: -
How Anonymous Bettors Cashed In on the Iran Strike, Just Hours Before It Happened
The New York Times – Business:Polymarket users placed hundreds of bets of at least $1,000 predicting an imminent American strike, raising concerns about insider trading.
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Oil and Natural Gas Prices Extend Rally as Iran Attacks Escalates
The New York Times – Business:Energy prices continued to rise on Tuesday as attacks by the United States and Israel on Iran intensified, along with the country’s response.
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Tariffs Confound Small Businesses Again
The New York Times – Business:Chocolate makers and fig-paste importers are facing a tangle of unknowns, including whether to seek refunds for tariffs invalidated by the Supreme Court.
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Ford and G.M. Face a Dilemma as China Excels in Electric Vehicles
The New York Times – Business:General Motors, Ford and other established automakers risk becoming relics if they don’t catch up to Chinese carmakers and technology companies in electric vehicles and self-driving cars.
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Trump Says He Will End Boycott of White House Correspondents’ Dinner
The New York Times – Business:The mentalist Oz Pearlman is this year’s speaker. “Hopefully, it will be something very Special,” the president wrote on Truth Social.
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Trump Administration Abandons Efforts to Impose Executive Orders on Law Firms
The New York Times – Business:The move amounts to a surrender in a clash that has led many law firms to submit to the president rather than face the threat of his executive orders.
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They’re Hiring at U.S.A.I.D. Just Not Anyone Who Worked There.
The New York Times – Business:The Trump administration said in a memo it wanted to “avoid the risk of impaired objectivity” by hiring former staff members to wind down operations at the U.S. Agency for International Development.
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Airline Stocks Tumble as Iran War Expands Across Middle East
The New York Times – Business:Higher fuel prices and lower demand for international flights are eating into airlines’ profits.
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Abrupt Change for Warner Bros. Prompts Many Grim Faces
The New York Times – Business:Employees at the company had started to warm to the idea of Netflix as its corporate owner. Now they face the prospect of major cuts under Paramount.