Ravi Mattu

London

Managing Editor at DealBook

Managing Editor at The New York Times

Managing editor of @DealBook at @nytimes, based in London. Ex-@FT, @prospect_uk & @harpers. RT ≠ endorsements. Profile illustration by @KangHexin.

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Articles

Inside the Rift Over Trump's A.I. Deals in the Gulf

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

Whatever ambitious foreign policy goals President Trump held for his Middle East trip, at least the entourage of business leaders who've accompanied him there seem happy. The president is set to wrap up his three-country tour on Friday, after striking a litany of pledges by oil-rich Gulf states to deepen business ties with U.S. companies. "We're developing a lot of fans," Trump said at a news conference on Friday. But the deal flow is already drawing political pushback at home.
Bond Traders Enter the U.S. Budget Fight

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

House Republicans hope to push through President Trump's "big, beautiful" spending bill as soon as next week. But investors are getting antsy. Government bonds sold off again amid worries about the deficit-expanding effects of Trump's tax cuts, the cornerstone of a major budget package being debated in the lower chamber. The budget bill faces stiff resistance - including from some Senate Republicans - and it's putting America's strained finances in focus.
What Trump, and C.E.O.s, Actually Got in Riyadh

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

Business leaders who had high hopes for the second Trump administration hadn't signed up for the turmoil of his trade war. President Trump's deals-focused visit to Saudi Arabia is more of what they had in mind. Leaving aside questions of how many of the multibillion-dollar agreements the administration announced on Tuesday were actually new, the first leg of Trump's trip to the Middle East underscores that his transactional instincts are what corporate leaders have been betting on.
Jerome Powell, a Potential Winner from the Trade Reprieve

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

In the span of 24 hours, the "buy America" trade is back on and the odds of a U.S. recession have dipped. And pressure on the Fed to cut interest rates has abated despite the uncertainty surrounding Tuesday's Consumer Price Index report. That has made Jay Powell one of the biggest beneficiaries from Monday's U.S.-China tariff truce.
DealBook: Por dentro da trégua comercial - temporária - entre EUA e China

1 month ago | infomoney.com.br | Andrew Ross Sorkin |Ravi Mattu |Bernhard Warner |Sarah Kessler

Nesta segunda-feira, ações, o dólar e o petróleo dispararam após os principais negociadores do presidente Trump detalharem os termos de uma grande — embora temporária — desescalada na disputa comercial entre EUA e China. As expectativas eram altas para algum tipo de avanço. A reação do mercado sugere que a missão foi cumprida em termos de alcançar uma importante trégua, embora barreiras comerciais significativas permaneçam e ainda haja muito a ser resolvido.
What Can Treasury Secretary Scott Bessent Win in China Talks?

1 month 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.
Countdown to Scott Bessent's Trade Talks With China

1 month 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.
The Stakes for OpenAI's Plan B

1 month 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.
What Buffett's Exit Means

1 month 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.
Why Apple Warned About a $900 Million Tariff Hit

1 month 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.