Latest in Goldman Sachs hikes recession probability to 45 percent
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Bank of America tops analysts' estimates on better-than-expected interest income, trading
Bank of America shares have sold off in recent weeks on concern that President Donald Trump's tariff policies could cause a recession.CNBC - 1d -
Tesla U.S. Sales Plunge as G.M. and Others Make Gains
Overall sales of electric vehicles rose almost 11 percent in the first three months of the year as traditional carmakers offered new models.The New York Times - 5d -
The Social Security Administration Is Gutting Regional Staff and Shifting All Public Communications to X
The SSA’s shift to Elon Musk’s X comes as the agency plans to cut its regional office workforce by roughly 90 percent, WIRED has learned.Wired - 5d -
Endorsement by Mayor Adams Appears to Lift Sales of Kash Patel’s Book
The F.B.I. director saw sales of his book about the government’s “deep state” rise by nearly 800 percent after Mayor Eric Adams lavished praise on it.The New York Times - 4d -
DOGE Is Far Short of Its Goal, and Still Overstating Its Progress
Elon Musk now says his group will produce only 15 percent of the savings it promised. But even that estimate is inflated with errors and guesswork.The New York Times - 3d -
American Airlines Will Offer Free Wi-Fi on Most Flights Next Year
Starting in January, members of the airline’s AAdvantage loyalty program will have free access to wireless internet on 90 percent of its fleet, the company said.The New York Times - 1d -
Stocks Fall as Tariff Pause Fails to Quell Wall Street’s Worries
A day after recording its best gain since 2008, the S&P 500 fell 3.5 percent on Thursday, showing that fears about tariffs hampering economic growth were still alive.The New York Times - 5d -
How Tariffs Could Cause Car Insurance Costs to Rise
New tariffs are expected to push up prices of vehicles and car parts, and that could raise premiums as much as 16 percent. Here are some tips on how to try to keep costs down.The New York Times - 5d -
What Some Chinese Exporters Say About Trump’s Trade War
At the world’s largest wholesale market, in Yiwu, on China’s east coast, business owners aren’t getting orders from the U.S., and many don’t understand the purpose of the current 145 percent tariffs.Inc. - 5d -
Proposed NASA Budget Cuts ‘Would Decimate American Leadership in Space’
The approximate 20 percent budget cut could force the closure of the Goddard Space Flight Center and would see projects such as the Nancy Grace Roman Space Telescope scrapped.Wired - 4d