Many families felt the sting of the president’s now-illegal tariffs, but companies have said little about whether they will share the $166 billion coming back to them.
Category: United States
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Companies, Not Consumers, to Cash In Big From Tariff Refunds
The New York Times – Business: -
Why Diesel Has Become a Much Bigger Economic Problem Than Gasoline
The New York Times – Business:The war in Iran has disrupted supplies of diesel, used to power trucks and heavy equipment, much more than gasoline, which is primarily used in passenger cars.
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U.S. Nears Loan to Rescue Spirit Airlines
The New York Times – Business:The Trump administration is negotiating a deal that would provide as much as $500 million to the struggling company, which is in its second bankruptcy in two years.
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Aging in Place: How Technology Might Help You Grow Old at Home
The New York Times – Business:The budding field is turning dreams into reality for older adults who are eager to age in place, filling caregiving gaps and easing minds as America ages rapidly.
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A.I. Is Eliminating Jobs on Wall Street
The New York Times – Business:“A.I. gives us places to go we haven’t gone,” said one bank’s chief executive.
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Strait of Hormuz May Not Return to Normal, Whether It’s Open or Closed
The New York Times – Business:The energy industry is planning for a future where the choke point on Iran’s southern coast is a lot less important.
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Trump Dismisses a Merger While Seeking Suitors for Spirit Airlines
The New York Times – Business:As he rejected the idea of a merger of United Airlines and American Airlines, President Trump said someone, including possibly the federal government, should buy or help Spirit.
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Reopening Strait of Hormuz Would Ease Oil Crisis but Only So Much
The New York Times – Business:Analysts said energy and shipping companies would be reluctant to fully restore operations until they were confident that hostilities were over.
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More Americans Taking 401(k) Hardship Withdrawals
The New York Times – Business:More Americans are taking hardship withdrawals from workplace retirement accounts, prompted by rising costs — and looser rules.
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Oil Prices Fall Sharply After Iran Says Strait of Hormuz Is Open
The New York Times – Business:But analysts said it was not clear how quickly the oil industry in the Persian Gulf would be able to get back to normal.
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European Airlines Face Fuel Shortages Within Weeks
The New York Times – Business:If tankers do not soon begin crossing the Strait of Hormuz, airlines in Europe may not have enough jet fuel to operate all of their flights.