Category: Business

Zuckerberg-funded Silicon Valley school to shutter next year

The Primary School, a tuition-free private school with 543 students co-founded by Mark Zuckerberg’s wife Priscilla Chan, will shutter its doors after roughly a decade in operation. The school, which has two locations in the San Francisco area, said in a note on its website that it will close after the...

Ukraine says Russian attacks continue after Putin declares ceasefire

Ukraine said Russian attacks were continuing after Vladimir Putin ordered his army to suspend combat operations in Ukraine over the Easter holiday this weekend. Putin declared a unilateral 30-hour “Easter ceasefire” for “humanitarian reasons” on Saturday in a meeting with Valery Gerasimov, his top military officer, according to footage...

Bill Ackman makes big bet on Hertz becoming tariff winner

Bill Ackman’s Pershing Square Capital Management has amassed a nearly 20% stake in Hertz Global Holdings Inc. in a bet on the rental car company’s turnaround plan and that tariffs will boost the value of its vehicles. The firm began buying shares late last year and now has “a...

US and Ukraine sign memorandum of intent on minerals deal

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Kyiv and Washington have signed a memorandum of intent pledging to advance an agreement on an investment fund for Ukraine’s natural resources and energy assets, officials familiar...

Trump thinks ‘cheaters’ are hurting us on trade, but here’s how the U.S. employs a number of sneaky ‘non-tariff barriers’ to repel foreign goods

A major mystery of the Trump tariff crusade: The “Liberation Day” “reciprocal” duties he’s threatening are completely disconnected from what other nations are charging the U.S. on our exports. In virtually all cases, Trump’s tariffs are multiple times larger. How does he justify this giant gulf? The president claims...

Meta had ‘monopoly power’ after buying rival apps, FTC says

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Meta’s acquisitions of Instagram and WhatsApp helped give it “monopoly power”, the US Federal Trade Commission told a court on Monday at the start of a blockbuster trial that...

Trump says he will look at ‘whole electronic supply chain’

President Donald Trump pledged he will still apply tariffs to phones, computers and popular consumer electronics, downplaying a weekend exemption as a procedural step in his overall push to remake US trade. The late Friday reprieve — exempting a range of popular electronics from 125% tariffs on China and...