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5 days ago | 
miamiherald.com | Rebecca Elliott |NYT Business
Oil prices rose moderately as the market opened Sunday evening, a sign that traders are concerned, though not panicked, about how Iran may respond to the U.S. bombing of its nuclear facilities over the weekend. The increase of around 3% left U.S. oil prices hovering around $76 a barrel. That is notably higher than prices were two weeks ago, before Israel struck Iran, but still tame by recent standards.
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1 week ago | 
miamiherald.com | Adam Satariano |Jeanna Smialek |NYT Business
LONDON -- When President Donald Trump issued an executive order in February against the chief prosecutor of the International Criminal Court for investigating Israel for war crimes, Microsoft was suddenly thrust into the middle of a geopolitical fight. For years, Microsoft had supplied the court -- which is based in The Hague in the Netherlands and investigates and prosecutes human rights breaches, genocides and other crimes of international concern -- with digital services such as email.
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1 week ago | 
miamiherald.com | Colby Smith |NYT Business
EDITORS NOTE: EDS: SUBS throughout to update and expand; NEW headline; RECODES for Page 1.); (ART ADV: With photo.); (With: TRUMP-FEDWASHINGTON -- The Federal Reserve held interest rates steady Wednesday as expected, but new projections released alongside the decision showed officials are extremely divided about how significantly they will be able to reduce borrowing costs this year as they brace for inflation to rise sharply as growth tumbles.
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1 week ago | 
miamiherald.com | Alexandra Stevenson |NYT Business
Two decades ago, China shocked the United States with its ability to make and ship things fast and inexpensively on a scale never before seen. The resulting surge of exports reshaped America’s economy and its politics. Today, a new China shock is cascading across the globe from Indonesia to Germany to Brazil.
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1 week ago | 
miamiherald.com | Stanley Reed |NYT Business
The intense rounds of air attacks between Israel and Iran have analysts and traders poring over scenarios for the direction of energy markets. A wide range of outcomes are possible, with prices in the most extreme cases soaring above $120 a barrel, analysts at Deutsche Bank wrote in a note, but also drifting down to $50 a barrel next year. The initial round of Israeli attacks sent oil prices 7% higher Friday.
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1 week ago | 
miamiherald.com | Rebecca Elliott |NYT Business
Battery manufacturing began to take off in the United States in recent years after Congress and the Biden administration offered the industry generous incentives. But that boom now appears to be stalling as the Trump administration and Republican lawmakers try to restrict China’s access to the American market.
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1 week ago | 
miamiherald.com | David Yaffe-Bellany |NYT Business
On a Wall Street conference call in April, Eric Trump made a pitch for the newest venture in his family’s rapidly expanding cryptocurrency empire. Trump, the president’s second son, said he was joining forces with the crypto firm Hut 8 to start a company focused on bitcoin mining, the business of running energy-guzzling machines to generate new coins. Bitcoin mining is a notoriously difficult industry.
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1 week ago | 
miamiherald.com | Eli Tan |Mike Isaac |NYT Business
When Facebook bought WhatsApp for $19 billion in 2014, the messaging app had a clear focus. No ads, no games and no gimmicks. For years, that is what WhatsApp’s 2 billion users -- many of them in Brazil, India and other countries around the world -- got. They chatted with friends and family unencumbered by advertising and other features found on social media. Now that is set to change. On Monday, WhatsApp said it would start showing ads inside its app for the first time.
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2 weeks ago | 
miamiherald.com | Lauren Hirsch |Alan Rappeport |NYT Business
U.S. Steel and Nippon Steel announced Friday that they had entered into an agreement with the U.S. government to seal the terms of a “partnership” between the companies, more than a year after the Japanese steelmaker first tried to buy its U.S. competitor. Then-President Joe Biden, under pressure from the United Steelworkers union, blocked the deal on the basis that it was a threat to national security.
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2 weeks ago | 
miamiherald.com | Ana Swanson |Alan Rappeport |NYT Business
WASHINGTON -- Washing machines, refrigerators and other common household appliances made with steel parts will soon be subject to expanded tariffs, the Commerce Department said Thursday. The department said in a notice that levies would take effect on so-called steel derivative products June 23 and will be set at 50%, the current level for all other steel and aluminum imports. The new tariffs will apply to the value of steel content in each import, the notice said.
