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Fed Divisions Underscore Challenge for Trump’s Next Chair

President Trump wants substantially lower borrowing costs, but officials at the central bank appear ready to resist delivering further cuts if the economic backdrop does not warrant it.

© Caroline Gutman for The New York Times

The Federal Reserve is facing a time of little consensus, with policymakers at odds over whether to continue cutting interest rates.
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Trump Doesn’t Want to Talk About Affordability. Democrats Say That’s a Gift.

The president continues to brush off an issue that he said he would solve in his first months in office. Some Democrats say he is making the same mistake as his predecessor.

© Doug Mills/The New York Times

President Trump speaking in Mount Pocono, Pa., on Tuesday. The White House rejected the idea that Democrats were winning on the affordability message.
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Best Comedy of 2025

Late-night came roaring back to life, Roy Wood Jr. delivered a must-see special and Amy Poehler made a must-listen podcast.
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New York’s Environmental Agenda Stalls Under Kathy Hochul

Faced with an affordability crisis and rising energy demands, Gov. Kathy Hochul has slowed progress on New York’s efforts to fight climate change.

© Cindy Schultz for The New York Times

Gov. Kathy Hochul of New York has embraced a pragmatic approach to high energy demand that some critics say has come at the cost of the state’s place at the forefront of the fight against climate change.
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Will the N.Y.P.D. Push Its Therapy Dogs Into Early Retirement?

The dogs are part of a mental wellness program that began after a rash of officer suicides. The dog unit’s fate is unclear as Commissioner Jessica Tisch shifts more officers to patrol duty.

© James Estrin/The New York Times

Detective Theresa Mahon, left, and Sgt. Karolina Ostrowska-Tuznik with Glory (rear), Jenny (left) and Emma in Manhattan in October. Detective Mahon is Glory’s handler.
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One of the Last Times Square Dive Bars Faces Eviction

New York is a city of hustlers, of odds makers and shot takers. For 54 years, Jimmy’s Corner has been their bar.

© Natalie Keyssar for The New York Times

Memorabilia lines the walls of Jimmy’s Corner, a bar that’s been in Times Square for 54 years.
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Always on My Mind: Trump’s Enduring Focus on Joe Biden

After nearly 11 months in office, the president’s tendency to talk about his predecessor is more pronounced than ever.

© Kenny Holston/The New York Times

President-elect Donald J. Trump and President Biden at Mr. Trump’s inauguration in January. Mr. Trump’s allies dispute the idea that he is obsessed with his predecessor.
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Google DeepMind to build its first robotic science laboratory in the UK – business live

Rolling coverage of the latest economic and financial news

In the energy sector, Russia’s revenues from exports of crude oil and refined products has fallen to its lowest level since the invasion of Ukraine in 2022.

The International Energy Agency has reported this morning that Moscow’s sales of fossil fuels fell again in November due to lower export volumes and weaker prices.

These brighter prospects extend to our 2026 forecast, which we have upgraded by 90 kb/d, to 860 kb/d y-o-y.

“We need to ask who is setting the agenda for the UK’s future with AI.”

“In the absence of independent regulation or scrutiny, we’re at the mercy of technology companies’ commercial interests aligning with what the public want.”

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© Photograph: CFOTO/Future Publishing/Getty Images

© Photograph: CFOTO/Future Publishing/Getty Images

© Photograph: CFOTO/Future Publishing/Getty Images

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NHS ‘facing worst-case scenario’ as hospital flu cases jump 55% in a week

Number of people in England being treated remains at record level for this time of year with daily average of 2,660

The number of people in hospital in England with flu remains at a record level for this time of year and has increased by 55% in a week, NHS figures show.

An average of 2,660 flu patients were in hospital each day last week, up from 1,717 the previous week. At this point last year the number stood at 1,861 patients, while in 2023 it was just 402.

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© Photograph: Jeff Moore/PA

© Photograph: Jeff Moore/PA

© Photograph: Jeff Moore/PA

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