President Donald Trump is preparing significant tariff cuts and new trade deals to address high food prices. The administration has announced framework agreements with Argentina, Guatemala, El Salvador and Ecuador to reduce tariffs on items such as beef, bananas and coffee beans.

US stocks suffered their worst day in a month as the relief from the end of the government shutdown faded, with the S&P 500 and Dow Jones Industrial Average dropping 1.7% each and the Nasdaq Composite falling 2.3%. Investors are now worried about a deluge of delayed economic data potentially affecting market stability and the likelihood of an interest rate cut in December, which has dropped to 50%.

US convertible bond sales have reached a record $108.7 billion in 2025, surpassing the $105.6 billion raised in 2020 during the pandemic. The market's attractiveness stems from high stock volatility and persistent 10-year US Treasury yields above 4%, prompting companies such as Bloom Energy, DoorDash and GameStop to issue sizable convertible bonds.

Federal Reserve officials are signaling growing caution over a potential rate cut in December. Neel Kashkari, who did not support the most recent cut, said he remains undecided as resilient economic data leaves the case for further easing unclear. He noted that arguments can be made for both holding rates steady and cutting, depending on how upcoming data evolves. St. Louis Fed President Alberto Musalem also urged prudence, warning that policy may already be near neutral and that the Fed has limited room to ease without becoming overly accommodative.

Kaiseki is quickly emerging as the next sought-after luxury dining experience in New York City, as diners look beyond the saturated omakase scene. This centuries-old Japanese tradition, characterized by its multi-course format -- typically seven to fourteen courses -- each highlighting a distinct Japanese cooking style such as raw, grilled, simmered, steamed and fried.

The New York City Council has approved two major rezonings in Queens, aiming to create 27,000 homes, including more than 4,000 affordable units. The OneLIC plan in Long Island City will add nearly 15,000 homes, while the Elmhurst rezoning allows a 13-story high-rise with 79 affordable units, a community center and a swimming pool. Local residents worry about gentrification and displacement, but officials emphasize the need for housing amid a 0.88% vacancy rate.

Narcissism comes in two flavors: rivalry, marked by competitiveness, and admiration, which manifests as charm and confidence. Both are detrimental to collaboration and group cohesion, according to psychology professors and researchers Claire Hart and Reece Bush-Evans. In escape room experiments, Hart and Bush-Evans discovered that "cohesive, communicative and generous" teams were the most successful. "Leaders who prize only assertiveness risk breeding rivalry instead of cooperation," they conclude.

SEC Chair Paul Atkins has announced plans to create a "token taxonomy," signaling a major shift in how digital assets are regulated. The proposal could mean that many tokens will no longer be treated as securities, aligning with recent legislative efforts like the Stablecoin Law and the GENIUS Act. While industry veterans have praised the approach for offering regulatory clarity, investor-protection lawyers have raised concerns about potential risks and the need for robust market-structure legislation.

US-listed spot bitcoin ETFs saw $869 million in outflows Thursday, their second-largest on record, as bitcoin fell below $100,000 and market risk aversion increased. The funds have lost $2.64 billion over the past three weeks, with ether ETFs also seeing their biggest withdrawal in a month.