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Law Firms Have Malpractice Insurance. Should Their A.I. Agents?

Crosby, an A.I. law firm, bought it for them. The move speaks to a nascent gap in coverage as major insurers grapple with risks related to artificial intelligence.

© Elias Williams for The New York Times

Ryan Daniels, the C.E.O. of Crosby, said his goal was for A.I. agents to do legal work without lawyer supervision.

U.S. Cleared Nvidia Chips to Chinese Firms With Empty Offices and Troubling Ties

The Commerce Department has approved dozens of Chinese companies to handle Nvidia’s H200 chips, some of which have ties to firms under sanctions over national security.

© The New York Times

An industrial park for high-tech companies in Beijing. The company New Matrix lists the building as its address, but a company directory does not include the firm.

After a $2.5 Trillion Wipeout, Tech Investors Brace for More Pain

A stock rally fueled in part by artificial intelligence is being tested after Democrats’ landslide election victories.

© Brendan McDermid/Reuters

Yesterday’s $2.5 trillion sell-off of major tech stocks has investors on edge about the durability of the artificial intelligence sector.

Stable Labor Market Keeps Fed on Track to Raise Rates Gradually

The Federal Reserve decided against raising interest rates at its meeting last week, but it is widely expected to move again in December to help tame inflation.

© Alex Wong/Getty Images

Kevin Warsh, Fed chairman, has settled on raising interest rates gradually as it seeks to tame inflation.

China Blocks SoftBank’s $5.4 Billion Robotics Takeover, Impeding Foreign Deals

Chinese authorities stopped the sale of ABB Robotics, owned by a Swiss conglomerate, to SoftBank of Japan amid wider scrutiny of global transactions that could affect Beijing’s technology ambitions.

© Moritz Hager/Reuters

China is ABB’s largest robotics market and most of its machines built for Chinese customers are manufactured locally.

Gaming Out the Prospect of a Blue Wave

Business executives and investors are preparing for a Democratic sweep and the ramifications for policy on data centers, cryptocurrency and more.

© Ricardo Arduengo/Agence France-Presse — Getty Images

In Dallas yesterday. The stakes are high as Election Day arrives.

Binance Was Hacked. What Protections Exist for Crypto Customers?

After a $6.3 billion hack, the company said it was going to reimburse customers who had losses.

© Anthony Kwan/Bloomberg

The chief executive of Binance, Changpeng Zhao, speaking via video at a Hong Kong conference in 2023.

Binance Suspends Withdrawals After Crypto Hackers Steal $6.3 Billion

The crypto exchange said it was compromised in what could be the biggest crypto heist ever. One research lab attributed the theft to “North Korea’s elite hacking unit.”

© Antonio Masiello/Getty Images

Changpeng Zhao, Binance’s founder, said the incident “does look like a hack.”

Binance Grapples With ‘Security Incident’ That May Cause $6.3 Billion in Losses

The world’s largest crypto exchange suspended deposits and withdrawals after an apparent hack.

© Antonio Masiello/Getty Images

Changpeng Zhao, Binance’s founder, said the incident “does look like a hack.”

Its Investors Say Kalshi Is Worth $40 Billion. Is an I.P.O. Next?

The prediction market raised $1 billion in a new funding round and landed a market value almost double that of rival Polymarket. But legal challenges to its business persist.

© Jeenah Moon/Reuters

Tarek Mansour, the C.E.O. of Kalshi, said there had “been discussions” about a public offering for the company.

Its Investors Say Kalshi Is Worth $40 Billion. Is an I.P.O. Next?

The prediction market raised $1 billion in a new funding round and landed a market value almost double that of rival Polymarket. But legal challenges to its business persist.

© Jeenah Moon/Reuters

Tarek Mansour, the C.E.O. of Kalshi, said there had “been discussions” about a public offering for the company.

Christine Lagarde to Step Down as President of European Central Bank

Her plan to depart in February, months before the end of an eight-year term, sets in motion a selection process among European leaders for a new central bank president.

© Heiko Becker/Reuters

Christine Lagarde’s appointment as the European Central Bank’s first female president was the latest step in a career of breaking gender barriers, while also contending with economic crises.

Fed Holds Rates Steady Despite Lack of Progress on Inflation

Kevin M. Warsh, the chairman of the Federal Reserve, said an “information-rich” period before the central bank’s gathering in December will help officials determine next steps for policy.

© Athit Perawongmetha/Reuters

Kevin Warsh, the Fed chairman last week said that more had to be done to tame inflation.

Fed Will Hold Fewer Rate-Setting Meetings Starting Next Year

Kevin M. Warsh, the Federal Reserve’s chairman, said the central bank would vote on interest rates seven times in 2027 and six in 2028. It has traditionally voted eight times per year.

© Saul Loeb/Agence France-Presse — Getty Images

Kevin M. Warsh, the Fed chairman, said the central bank beginning next year will hold fewer meetings at which it votes on interest rates.

RFK Jr. to Allow Broad Use of Unapproved Peptide Injections

In a unilateral declaration by the health secretary, several injections promoted by online influencers will become widely available. The F.D.A. had advised against the move.

© Almaas Masood/Reuters

Peptides are short chains of amino acids that give the body basic instructions. While the F.D.A. has approved some peptide compounds, such as insulin to manage diabetes, many others lack scientific evidence of efficacy or safety.

Gina Hinojosa’s Texas Governor Campaign Tests Limits of New Rules for Digital Political Ads

Some of the social media posts paid for by Gina Hinojosa’s campaign for Texas governor don’t include a disclosure, despite a state regulation that likely requires it.

© Christopher Lee for The New York Times

Gina Hinojosa, the Democratic nominee for governor of Texas.

China Steps In to Rescue Stocks, But the Market Continues to Fall

The Communist Party uses a “national team” of state-owned investment funds to stem the market rout. But this time, investors are not sure it will work.

© Florence Lo/Reuters

President Xi Jinping of China has convened senior leaders to set the government’s agenda, but the economy is likely to take a back seat to politics.

5 Takeaways From Our Investigation of Trump’s Waivers for Polluters

Chemical plants and other industrial facilities had been required to curb their toxic emissions. A New York Times investigation shows how they got out of it.

© Meridith Kohut for The New York Times

Three million Americans live within three miles of at least one facility that received a clean-air rule waiver from the Trump administration.
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