Investments and Business

Sacks gave his case for backing Trump. Top of the list: the economy. The U.S. is performing far better than its peers, but he blames President Biden for sticky inflation, weak growth and rising debt (though Trump too added trillions to the national debt).But Biden has huge support in Silicon Valley. The president has raised millions from tech industry leaders this election cycle. Last month, he attended a fund-raising event hosted by Vinod Khosla, the venture capital investor, and Marissa Mayer, the former Yahoo C.E.O., and Silicon Valley includes some of his biggest business allies.Hoffman broke down why no C.E.O.…

Electricity providers in Santiago, Chile’s capital, raced to restore service early Thursday after an outage left hundreds of thousands of customers without power, officials said.Around midnight, a tree fell on a high-voltage transmission tower owned by Sociedad Transmisora Metropolitana, a private company, Chile’s National Disaster Prevention and Response Service said in a statement. Enel Distribución, the country’s electricity distributor, confirmed the outage as well. The damaged tower is in the southeastern part of the city.The outage resulted in a loss of power equivalent to about 10 percent of Santiago’s power demand, or 260 megawatts, the National Electrical Coordinator, the grid…

Hunter Biden, the president’s son, is being tried in federal court for falsely claiming on a gun purchase application that he did not use illicit drugs. Testimony from his ex-wife and former girlfriends describe his drug-fueled temper; his search for his dealer on the streets; his large cash withdrawals from the bank.Hallie Biden, the widow of his brother Beau who dated him during the fall of 2018 when the gun purchase took place, spoke of his erratic behavior, his possession of rocks of crack cocaine “the size of Ping-Pong balls, or bigger, maybe” and how she frantically urged him to…

This article has been updated on Thursday June 6, to reflect confirmation of Novak Djkovic’s knee surgery following the French Open.Follow live coverage of the 2024 French Open todayThe news that Novak Djokovic has withdrawn from the French Open with a torn meniscus was one of those moments at Roland Garros where the gasps were audible. It wasn’t a huge shock given Djokovic said he was unsure if he would play his quarterfinal after picking up the injury in a fourth-round win over Francisco Cerundolo. Still, to lose the world No. 1 and defending champion in this manner is huge.But…

Europe’s share of the global economy is shrinking, and fears are deepening that the continent can no longer keep up with the United States and China.“We are too small,” said Enrico Letta, a former Italian prime minister who recently delivered a report on the future of the single market to the European Union.“We are not very ambitious,” Nicolai Tangen, head of Norway’s sovereign wealth fund, the world’s largest, told The Financial Times. “Americans just work harder.”“European businesses need to regain self-confidence,” Europe’s association of chambers of commerce declared.The list of reasons for what has been called the “competitiveness crisis” goes…

President Biden raised hopes last week when he endorsed a plan that he said could lead to a “cessation of hostilities permanently.” He said Israel had put forward the plan, but neither Israel nor Hamas has said definitively that they would accept or reject the proposal, and they appear to still be locked in disagreement over fundamental issues.Here’s a look at what is known about the cease-fire deal, which key points still must be negotiated, and the hurdles still ahead:Israel and Hamas agreed to a cease-fire in November that lasted for a week. But the proposal now on the table…

One of the nation’s premier medical advisory organizations has weighed in on long Covid with a 265-page report that recognizes the seriousness and persistence of the condition for millions of Americans.More than four years since the start of the coronavirus pandemic, long Covid continues to damage many people’s ability to function, according to the National Academies of Sciences, Engineering and Medicine, a nongovernmental institution that advises federal agencies on science and medicine.“Long Covid can impact people across the life span, from children to older adults, as well as across sex, gender, racial, ethnic and other demographic groups,” it said, concluding…

A love story. Florentino Perez called it a love story. Speaking to reporters on his way out of Wembley Stadium after Saturday’s Champions League final, the Real Madrid president sounded like a man in thrall to the mystique, the allure and the romance of a relationship that has spanned seven decades and so many special times.“It’s a magnificent night, because this competition is the one we like the most,” Perez said after Madrid, 2-0 winners over Borussia Dortmund, were crowned European champions for the 15th time. “It was created by Santiago Bernabeu (the club’s president from 1943 to 1978) along…

Sam Butcher, the soft-spoken artist whose doe-eyed, pastel-hued porcelain Precious Moments figurines ignited a global collecting frenzy and made him a wealthy man, and whose Christian faith spurred him to build his own version of the Sistine Chapel in Carthage, Mo., died on May 20 at his home there. He was 85.His death was confirmed by his son Jon.Mr. Butcher was the Michelangelo of Missouri, and his adorable snub-nosed Precious Moments characters were “the Beanie Babies of porcelain,” as The Wall Street Journal once put it. Their zealous collectors, who numbered in the hundreds of thousands, built rooms for their…

The votes are still being counted, but this much is clear: Mexico’s leftist governing party dominated Sunday’s elections.Claudia Sheinbaum, the first woman and first Jewish person to be elected president, beat her opponent on Sunday by a stunning 30 percentage points or more, early returns show. She and her Morena party were expected to win, but they outperformed pre-election polls: She won a larger share of the vote than any other presidential candidate in decades, and her party and its allies are within reach of claiming big enough majorities in Congress to enact constitutional changes that have alarmed the opposition.Preliminary…