Ravi Mattu

5 days ago | nytimes.com | Andrew Ross Sorkin |Ravi Mattu |Bernhard Warner |Sarah Kessler |Lauren Hirsch |Edmund Lee

President Trump can finally point to a trade deal with a major ally, Britain. But now comes the tricky part: Can he strike similar agreements with other countries? More crucially, what will his administration gain from Treasury Secretary Scott Bessent's talks with Chinese counterparts scheduled for this weekend in Geneva? The White House will enter the meetings under enormous pressure.

1 week ago | nytimes.com | Andrew Ross Sorkin |Ravi Mattu |Bernhard Warner |Sarah Kessler |Lauren Hirsch |Edmund Lee

Treasury Secretary Scott Bessent will finally start negotiating with Chinese counterparts. But business leaders shouldn't expect any sudden breakthroughs. The S&P 500 looks set to break a two-day losing streak as Washington and Beijing say that trade talks between the two are finally on, scheduled for this weekend in Switzerland. The news comes as investors await Wednesday's Fed decision on interest rates.

1 week ago | nytimes.com | Andrew Ross Sorkin |Ravi Mattu |Bernhard Warner |Sarah Kessler |Lauren Hirsch |Edmund Lee

OpenAI's decision to scale back its ambitious corporate reorganization has drawn lots of scrutiny, including what the plan means for artificial intelligence safety, potential profits for investors and an ongoing fight with Elon Musk. What's emerging is that in some ways, how OpenAI operates isn't changing much. But there are still plenty of questions about the future of the consequential A.I. developer. The latest: OpenAI announced a smaller-scale change to its famously complex structure.

1 week ago | nytimes.com | Andrew Ross Sorkin |Ravi Mattu |Bernhard Warner |Sarah Kessler |Lauren Hirsch |Edmund Lee

It was closing in on 1 p.m. when Warren Buffett, seated onstage before a rapt audience of about 40,000 at the CHI Health Center in Omaha, said that he was getting a "5-minute warning."To most of those there for the annual meeting of Berkshire Hathaway, his company, it was simply a signal that the gathering - known as Woodstock for capitalists - was drawing to a close. No one knew that something historic was about to happen.

1 week ago | nytimes.com | Andrew Ross Sorkin |Ravi Mattu |Bernhard Warner |Sarah Kessler |Lauren Hirsch |Edmund Lee

Wall Street had been anxiously awaiting the latest quarterly results from Amazon and Apple to see how badly the companies - of the so-called Magnificent Seven tech giants, perhaps the most vulnerable to President Trump's trade war - would get hit by tariffs. The answer: not too badly. But upcoming quarters may be messier, showing that not even hugely powerful corporations are immune to Trump's assault on global commerce.