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Market Volatility Underscores Epic Buildup of Global Risk

Some experts see a dangerous combination of factors reminiscent of practices that led to previous financial crises.

© Eric Lee for The New York Times

A conference held by Nvidia in Washington last month. The company’s multi-trillion-dollar valuation assume endless growth.
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The Fed and Big Tech Re-Raise Investors’ Spirits

Markets appear to be hoping again that the central bank will cut rates next month, and that the artificial intelligence boom has room to run.

© Elizabeth Frantz/Reuters

Indications that the Fed may cut interest rates next month have helped lift the S&P 500.
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U.S. Army Secretary Meets With Russian Envoys on Ukraine Peace Plan

The secretary, Daniel Driscoll, held talks in Geneva over the weekend with a Ukrainian delegation. “We remain optimistic,” his spokesman said.

© Fabrice Coffrini/Agence France-Presse — Getty Images

Daniel P. Driscoll, the Army secretary, center, in Geneva after closed-door talks with the Ukrainians on Sunday.
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Are Schools a Problem?

We look into the mental health crisis affecting American youth.

© Erin Schaff/The New York Times

High school students in Williston, N.D.
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China and Japan, With Trump in the Middle, Are in a Showdown

With Japan’s new leader refusing to back down from China’s show of force and claims on Taiwan, Xi Jinping picks up the phone to try to pry the U.S.-Japan alliance apart.

© Haiyun Jiang/The New York Times

President Trump and Xi Jinping meeting in Busan, South Korea, in October. A phone call on Monday between the two leaders came as tensions have risen between China and Japan.
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As Trump Pushes to End Ukraine War, Europe Toils to Have a Say

Initially cut out of development of the 28-point peace plan, European leaders are now trying to recast its pro-Russia slant. So far, it seems to be working.

© Mauricio Lima for The New York Times

A funeral on Sunday for victims of a Russian strike on a residential building in Ternopil, western Ukraine.
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U.S. Plans Compounds to House Palestinians in Israeli-Held Half of Gaza

The project could offer relief for tens of thousands of Palestinians who have endured two years of war, but has raised questions about whether it could entrench the partition of Gaza into Israeli- and Hamas-controlled zones.

© Saher Alghorra for The New York Times

A tent camp for displaced people northwest of Gaza City this month.
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Trump Administration Is Taking Billions in Stakes in Firms Like Intel

The Trump administration is trading billions of dollars of taxpayer money for ownership stakes in companies. The unusual practice shows no sign of slowing.

© Steve Marcus/Reuters

MP Materials, which owns rare earth mines in California, is among the private companies in which the Trump administration has acquired an ownership stake.
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Prosecutor Used Flawed A.I. to Keep a Man in Jail, His Lawyers Say

The case is among the first in which a prosecutor is accused of filing court papers marred by A.I.-generated mistakes.

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Defense lawyers say that prosecutors in Nevada City, Calif., filed briefs in at least four cases that were written using artificial intelligence tools and contained misstatements and faulty legal interpretations.
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Boeing Tackles Quality With a ‘War on Defects’

Two years after a panel flew off a 737 Max, Boeing is doing more inspections, completing work in its intended order and making other changes. Can the company keep it up?

© Grant Hindsley for The New York Times

The number of 737 Max planes that Boeing can make every month was limited by federal regulators after a door plug blew away from a plane during a 2024 flight.
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Challengers Take on N.Y. House Democrats, Targeting Their Ties to Israel

Several Democratic incumbents are facing primary battles after Zohran Mamdani’s win suggested that being pro-Israel was no longer a universal selling point.

© Dave Sanders for The New York Times

Mayor-elect Zohran Mamdani visited a Bronx church on Sunday where Michael Blake, right, a former assemblyman, is pastor. Mr. Blake plans to challenge Representative Ritchie Torres in a primary.
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Deported and Desperate to Be Reunited With Their Children

Across the United States, children have been left in the care of relatives and neighbors after deportations. In Venezuela, parents are clamoring for the return of their sons and daughters.

© Adriana Loureiro Fernandez for The New York Times

Mothers gathered at the airport near Caracas, Venezuela, awaiting flights they’d hoped would carry their children. Only two of the mothers finished the day in celebration.
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Budget Will Be a Big Test for the UK’s Most Unpopular Chancellor in Decades

Rachel Reeves, who has had a bruising tenure as the country’s top economic official, is set to announce tax and spending measures that risk stoking more discontent.

© Hannah Mckay/Reuters

Rachel Reeves, who was named Britain’s chancellor last year under a new Labour government, has come to embody the country’s economic challenges.
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Russia Bombards Kyiv Even as Ukraine Claims Progress in Peace Talks

The attack killed at least seven people, the authorities said, as an official suggested that President Volodymyr Zelensky was ready to go to Washington to complete a deal.

© Efrem Lukatsky/Associated Press

Firefighters responding after a drone attack on a residential building in Kyiv on Tuesday.
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