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.A conference held by Nvidia in Washington last month. The company’s multi-trillion-dollar valuation assumes endless growth.

P Patricia Cohen

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.Indications that the Fed may cut interest rates next month have helped lift the S&P 500.

A Andrew Ross Sorkin, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Niko Gallogly, Brian O’Keefe, Ian Mount and David Meyer

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.MP Materials, which owns rare earth mines in California, is among the private companies in which the Trump administration has acquired an ownersh

A Ana Swanson

How Rubio Tried to Bring a Pro-Russia Peace Plan to Middle Ground

While President Trump attacked the Ukrainians, Secretary of State Marco Rubio flew to Geneva to seize control of negotiations that were going off the rails.Secretary of State Marco Rubio held a series of meetings in Geneva over the weekend about a 28-point peace proposal for Ukraine and Russia.

D David E. Sanger, Zolan Kanno-Youngs and Edward Wong

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.A funeral on Sunday for victims of a Russian strike on a residential building in Ternopil, western Ukraine.

M Michael D. Shear

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

H Helene Cooper

Mamdani Response to Protest Inflames Tensions With Jewish Leaders

The mayor-elect chastised a synagogue that hosted an event promoting migration to Israel and settlements in occupied territories. His stance further tested his strained relationship with pro-Israel Jews.Protesters gathered outside the Park East Synagogue in Manhattan last week.

D Dana Rubinstein and Liam Stack

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.Mayor-elect Zohran Mamdani visited a Bronx church on Sunday where Michael Blake, right, a former assemblyman, is pastor. Mr. Blake plans to chal

B Benjamin Oreskes

100 Notable Books of 2025

Here is the standout fiction and nonfiction of the year, selected by the staff of The New York Times Book Review.

T The New York Times Books Staff

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.Mothers gathered at the airport near Caracas, Venezuela, awaiting flights they’d hoped would carry their childre

L Luis Ferré-Sadurní, Julie Turkewitz and Isayen Herrera

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.A tent camp for displaced people northwest of Gaza City this month.

D David M. Halbfinger, Adam Rasgon, Natan Odenheimer and Aaron Boxerman

Binance Is Sued by Oct. 7 Victims’ Families, Accused of Aiding Terrorism

A lawsuit claims the cryptocurrency exchange turned a blind eye as $1 billion used to finance the Oct. 7 attacks in Israel and other acts moved through its network.Changpeng Zhao, Binance’s founder, was convicted of money laundering in 2023 and pardoned by President Trump in late October.

S Stacy Cowley

Schumer Faces Pushback From ‘Fight Club’ Group of Senate Democrats

A group of liberal senators is quietly challenging the minority leader over his approach to the midterms and President Trump, in a sign of the party’s deep frustration.Democrats have increasingly broken ranks in recent months to criticize Senator Chuck Schumer, the minority leader.

L Lisa Lerer

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?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

N Niraj Chokshi

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.President Trump and Xi Jinping meeting in Busan, South Korea, in October. A phone call on Monday between the two leaders came as te

K Keith Bradsher and River Akira Davis

Warmed by Japan’s Support, Taiwan Takes Up Sushi Diplomacy

China closed off Japanese seafood imports after Japan’s new leader declared strong support for Taiwan. Suddenly, sushi is everywhere on Taiwanese social media.Lai Ching-te, Taiwan’s president, eating sushi containing Japanese seafood in a photo released by the president’s office.

L Lily Kuo and Pei-Lin Wu

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.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

S Shaila Dewan