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Iran Says It Is Nearing Final Agreement With Oman on Strait of Hormuz

By: Yeganeh Torbati and Sanam Mahoozi β€”
The agreement on an acceptable route for ships to pass through the strait would effectively ratify Tehran’s control over the crucial waterway.

Ships in the Gulf of Oman last month.

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Plug-In Solar Panels Are Starting to Sprout in U.S. Backyards

By: Ivan Penn and Claire Brown β€”
Ten U.S. states have legalized systems that can be plugged into standard wall outlets. The technology typically does not require permits or electricians.

Alex Ottoboni with his balcony solar panel at his condo in the San Francisco Bay Area

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Retailers Say Squeezed Shoppers Are Focused on Deals

By: Emmett Lindner β€”
Walmart, Target and TJ Maxx recently reported increases in sales, but shoppers are seeking out low-price items and cutting back in some categories, a potentially worrying sign for the U.S. economy.

Executives at Walmart, the nation’s largest retailer, see some signs of stress among shoppers.

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Trump’s Approval Sinks Amid Unpopular War, Darkening G.O.P. Prospects

By: Lisa Lerer， Ruth Igielnik and Camille Baker β€”
With the midterms nearing, President Trump’s approval rating has hit a second-term low as voters question his handling of the economy, according to the latest New York Times/Siena poll.

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Spirit Airlines Should Die. Why Is Trump Trying to Save It?

By: Steven Rattner β€”
Steven Rattner argues that Trump’s effort to bail out the ailing carrier makes no sense.
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Budget Airlines Ask Trump Administration for Billions as Fuel Costs Rise

By: Karoun Demirjian and Lauren Hirsch β€”
A trade group for the airlines is seeking $2.5 billion to help offset the big jump in jet fuel costs since the start of U.S.-Israeli attacks against Iran.

A trade group that represents low-cost carriers including Frontier Airlines is seeking $2.5 billion from the Trump administration to offset some fuel costs.

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The Rise of the High-Range, Less Expensive E.V.

By: Francesca Paris β€”
Even as the electric vehicle market has slumped, there are more long-range E.V.s under $40,000 than ever before.

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Middle East War Will Slow Global Economic Growth, I.M.F. Warns

By: Alan Rappeport β€”
The conflict could also fuel another bout of inflation, according to the International Monetary Fund.

New International Monetary Fund projections showed a global economy that was stopped in its tracks by the U.S. war in Iran.

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Trump’s Latest Oil Blockade Brings Bigger Economic Risks

By: Rebecca F. Elliott β€”
Oil markets shrugged it off, but the effort to hurt Iran could provoke retaliation that inflicts more damage on energy assets and the global economy.

A strike on the Bapco oil refinery in Bahrain in early March. A U.S. blockade of the Strait of Hormuz may give Iran a reason to restart attacks on energy assets throughout the Persian Gulf.

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Fallout of War Piles Economic Pain Onto Europe’s Political Stress

By: Patricia Cohen β€”
Europe is finding itself on the outs with Russia, China and the U.S., in what’s amounting to its very own β€œMean Girls” moment.

A liquefied natural gas terminal in Germany. Most of that L.N.G. comes from the United States, underscoring Europe’s vulnerability to American supplies.

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A Super Bowl in Silicon Valley Filled With Valley Billionaires

By: Ken Belson and Mike Isaac β€”
A who’s who of celebrities will join them. Just a little over 25 percent of the seats for the game will be for regular fans, with the cheapest ticket now selling for more than $4,000.

The Super Bowl in Silicon Valley β€œis tech billionaires who got picked last in gym class paying $50,000 to pretend they’re friends with the guys who got picked first,” a venture capitalist said.

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Volkswagen Suffers More Than Rivals From Auto Industry Woes

By: Jack Ewing β€”
The German automaker’s sales in the United States plunged last year, hit by tariffs and the end of tax credits for electric vehicles.

Electric vehicles at a Volkswagen plant in Dresden, Germany. The company is an extreme example of how difficult it has been for foreign automakers to cope in the U.S. car market.

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Trump Calls for 10 Percent Credit Card Interest Cap, After Killing Other Fee Limits

By: Stacy Cowley β€”
The president revived a campaign promise he has not actively pursued since taking office.

President Trump at the White House on Friday.

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How Do You Afford Life in New York City?

By: Eliza Shapiro β€”
The New York Times is looking to talk to New Yorkers about how they budget, splurge and save in one of the most expensive cities in the world.

The high cost of living in New York City is a source of anxiety for many residents.

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Trade Chaos Causes Businesses to Rethink Their Relationship With the U.S.

By: Nadav Gavrielov β€”
From Sweden to Brazil, six small companies talk about how they are communicating with their U.S. customers amid uncertainty over Trump’s changing tariffs.

VΓ­ctor Feliu at his chocolate company in Mexico. The changing rules for sending goods to the United States have forced him to pause his U.S. shipments.

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How One German Toymaker Made Money Despite U.S. Tariffs

By: Melissa Eddy β€”
A combination of strategic planning, good timing and a long-awaited product helped the maker of electronic story boxes weather the onset of tariffs.

A popular audio player, Toniebox. Toy sales in the United States are up, despite new tariffs, which contributed to, on average, a 4 percent increase in retail prices, according to Circana, a marketing research firm.

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Small Businesses Brace for the Punishing Side Effects of Trump’s Tariffs

By: Patricia Cohen β€”
Large firms with big bank balances, workers already in jobs and households near the top of the income ladder will have an easier time navigating the economic waves.

Katrina Golden, at her coffee and cake shop, Lil Mama’s Sweets & Treats, inside the Veterans Affairs Medical Center in Augusta, Ga.

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Rising Inflation Underscores Risks in Trump’s New Tariff Threats

By: Tony Romm and Colby Smith β€”
New data showing price increases last month could foreshadow even higher costs if the president imposes steep tariffs on Aug. 1.
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Trump Administration Will Limit Medicare Spending on Pricey Bandages

By: Sarah Kliff and Katie Thomas β€”
In an about-face, the administration is cracking down on so-called skin substitutes, overused treatments that cost Medicare more than $10 billion last year.

Dr. Mehmet Oz, the Medicare and Medicaid administrator, in May. The Trump administration has twice delayed Biden-era rules to slash payments for expensive skin bandages.

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