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Category: Business

Gary Wang, a Top FTX Executive, Is Given No Prison Time

Nov 20, 2024adminBusiness

Mr. Wang is the last close colleague of the FTX founder Sam Bankman-Fried to be sentenced for the fraud that caused the crypto exchange to collapse in 2022.

SpaceX Starship Launch Ends With a Dramatic Water Landing

Nov 20, 2024adminBusiness

President-elect Donald J. Trump joined Elon Musk, as his company’s prototype moon and Mars rocket carried out a sixth test flight that showed a mix of progress and setbacks.

Five Ways R.F.K. Jr. Could Undermine Lifesaving Childhood Vaccines

Nov 19, 2024adminBusiness

If he is confirmed as H.H.S. secretary, the longtime vaccine critic would be in a position to change the government’s immunization recommendations and delay the development of new vaccines.

SpaceX Starship’s Sonic Boom Creates Risk of Structural Damage, Test Finds

Nov 19, 2024adminBusiness

An independent researcher found that noise recorded miles away from the site of a recent test flight was equal to standing 200 feet from a Boeing 747 during takeoff.

Spirit Airlines Files for Bankruptcy

Nov 18, 2024adminBusiness

The low-fare carrier has struggled to find its footing after its planned merger with JetBlue was blocked by a federal judge.

Trump Picks Brendan Carr to Lead F.C.C.

Nov 18, 2024adminBusiness

Mr. Carr, who currently sits on the commission and is a vocal critic of Big Tech, has said the agency should regulate the tech industry.

A Loss and Damage Fund Is Taking Shape at COP Climate Talks

Nov 17, 2024adminBusiness

The U.N. climate summit in Azerbaijan has cleared the for way aid to flow when lower-income countries are hit.

How Elon Musk Cuts Costs at Tesla, SpaceX and X

Nov 17, 2024adminBusiness

Mr. Musk dug into his companies’ budgets, preferring to cut too much rather than too little and to deal with the fallout later. Under Donald Trump, he is set to apply those tactics to the U.S. government.

Their Lives Were Bound by a Fraud Case; Their Fates by a Sinking Yacht

Nov 16, 2024adminBusiness

Mike Lynch and Christopher Morvillo spent 12 years together fighting a legal battle over two continents. Their victory celebration ended in tragedy.

Human in Bear Suit Was Used to Defraud Insurance Companies, Officials Say

Nov 16, 2024adminBusiness

Footage of a bear rifling through luxury cars was submitted to insurance companies, which paid out $140,000. But something seemed off.

Court Hears New York Times Case Against European Commission Over Vaccine Deal

Nov 15, 2024adminBusiness

The news outlet is pushing the Commission to release text messages between the E.U.’s top official and Pfizer as they negotiated a Covid-19 vaccine contract.

The Onion Buys Alex Jones’s Infowars Out of Bankruptcy

Nov 15, 2024adminBusiness

The satirical news site intends to turn Infowars into a parody of itself. But the court overseeing the bankruptcy put a hold on the sale pending a hearing next week.

Homeland Security Department to Release New A.I. Guidance

Nov 14, 2024adminBusiness

The voluntary best practices are aimed at companies that own or operate critical infrastructure.

Mark Zuckerberg and T-Pain Release Version of ‘Get Low'

Nov 14, 2024adminBusiness

As he continues to shake up his old image, Meta’s chief executive has collaborated with the singer on a version of the hit song that was playing when he met his wife.

Republicans and Democrats Highly Divided in Economic Outlook Under Trump

Nov 13, 2024adminBusiness

Consumer sentiment among Republicans has soared to its highest point since Donald J. Trump left the White House, while declining among Democrats.

Volkswagen and Rivian Form Joint Venture, Deepening Alliance

Nov 13, 2024adminBusiness

The new agreement, which builds on an earlier announcement, calls for the German automaker to invest $5.8 billion in Rivian, a maker of electric vehicles.

Shell Wins Appeal in Landmark Climate Case in the Netherlands

Nov 12, 2024adminBusiness

A lower court had ordered the company to cut emissions by 45 percent by 2030, but the oil giant argued that a single firm should not be hit with arbitrary pollution-reduction requirements.

New York Times Tech Guild Ends Strike

Nov 12, 2024adminBusiness

The union said its members would return to work on Tuesday, even though it had not yet reached a contract deal with the company.

As Trump Threatens a Wider Trade War, the U.S. Confronts a Changed China

Nov 11, 2024adminBusiness

The Chinese economy is more dependent on exports, making tariffs more potent, yet it’s less reliant on American markets and increasingly bent on self-sufficiency.

How Technology and Loneliness are Interlinked

Nov 11, 2024adminBusiness

Technology and loneliness are interlinked, researchers have found, stoked by the ways we interact with social media, text messaging and binge-watching.

Trump Is Expected to Upend Biden Labor Policies Favoring Unions

Nov 10, 2024adminBusiness

After gains by organized labor under President Biden, a second Trump administration is likely to change course on regulation and enforcement.

Vivian Tu, the ‘Wall Street Girly,’ Wants to Make Wealth More Accessible

Nov 10, 2024adminBusiness

Vivian Tu is one of a new wave of female influencers who are using TikTok and Instagram to spread the message of personal finance to millennials and Generation Z.

Elon Musk Uses X to Promote Trump’s Incoming Administration

Nov 9, 2024adminBusiness

Since the election, Mr. Musk has used his social media company to talk up how bright the future will be under the president-elect.

Stock Market Rallies to Its Best Week in Over a Year

Nov 9, 2024adminBusiness

President-elect Donald Trump’s win, coupled with a quarter-point interest rate cut from the Federal Reserve, pushed major stock indexes into record territory.

China Reveals $1.4 Trillion Plan to Bail Out Local Governments

Nov 8, 2024adminBusiness

The enormous support package came after a series of smaller measures in recent weeks were announced to jump-start growth in China’s sluggish economy.

The Fed Cuts Rates, but the Path Ahead Is Less Clear

Nov 8, 2024adminBusiness

The Federal Reserve is reducing rates in response to cooling inflation. Donald Trump’s presidential victory has pumped up uncertainty.

Nissan Cuts 9,000 Jobs and Slashes C.E.O.’s Pay in Half

Nov 7, 2024adminBusiness

The Japanese automaker is carving out its global operations as it struggles with a steep drop in sales.

Trump’s Victory Is a Major Win for Elon Musk and Big-Money Politics

Nov 7, 2024adminBusiness

The candidate largely let the billionaire run his $175 million ground game — a gamble that future candidates could look to emulate.

TV Networks Prepared for a Long Wait That Didn’t Come

Nov 6, 2024adminBusiness

Anchors were ready to camp out in the studio for days on end. Instead, Donald J. Trump declared victory in the early hours of Wednesday morning.

Boeing’s Strike Is Over. What’s Next for the Company?

Nov 6, 2024adminBusiness

The aerospace manufacturer and its new chief executive face a daunting to-do list, including improving quality and increasing production of its commercial planes.

Boeing Union Approves New Contract, Ending Costly Strike

Nov 5, 2024adminBusiness

About 33,000 workers at the aerospace manufacturer had been on strike for nearly two months, having rejected two earlier contract offers.

Murray McCory, 80, Dies; JanSport Founder Created the School Backpack

Nov 5, 2024adminBusiness

He brought lightweight packs to millions of students and transformed the way they carried their textbooks to school.

Can The Daily Beast Claw Its Way Back to Relevance?

Nov 4, 2024adminBusiness

Can Joanna Coles and Ben Sherwood revive the once-buzzy news site and reclaim their perches atop the New York media world? Their own staff isn’t sure.

With Oil Prices Weak, OPEC+ Postpones Increases Again

Nov 4, 2024adminBusiness

Saudi Arabia, which leads the group, appears wary of unsettling markets just before the U.S. presidential election on Tuesday.

TGI Fridays Files for Chapter 11 Bankruptcy

Nov 3, 2024adminBusiness

The company filed for Chapter 11 bankruptcy protection on Saturday but said its restaurants would remain open while it works on a “restructuring process.”

Berkshire Continues Retreat From Stocks

Nov 2, 2024adminBusiness

The conglomerate reported on Saturday that it had cut its holdings in Apple and Bank of America and increased its cash to a record high in the third quarter.

A Texas Judge’s Fight to Keep a High-Profile Case Out of His Court

Nov 2, 2024adminBusiness

A battle over a new rule to limit credit card late fees has spiraled into a larger skirmish about how much power litigants should have to maneuver their cases into friendly courtrooms.

1 in 4 Child Deaths After E.R. Visits Are Preventable, Study Finds

Nov 1, 2024adminBusiness

If every emergency room in the United States were fully prepared to treat children, thousands of lives would be saved and the cost would be $11.84 or less per child, researchers found.

Nishad Singh, a Top FTX Executive, Is Given No Prison Time After Cooperation

Nov 1, 2024adminBusiness

Mr. Singh, who was a top executive in Sam Bankman-Fried’s business empire, had pleaded guilty to fraud and campaign finance violations that contributed to the collapse of FTX.

The Fed’s Preferred Inflation Gauge Cooled Overall in September

Oct 31, 2024adminBusiness

Overall inflation slowed in September from a year earlier, though some signs of stubbornness lingered under the surface.

Airbus, With Eye on U.S. Race, Says It Will Be Ready for Higher Tariffs

Oct 31, 2024adminBusiness

The giant European airplane maker’s chief executive said it would pass along any higher charges to its customers.

At a Glitzy Saudi Investment Forum, Almost No Mention of War

Oct 30, 2024adminBusiness

Saudi Arabia and its Gulf neighbors are seeking to reassure foreign investors that it’s still safe to do business amid the turmoil around the Mideast.

Elon Musk Bought a Texas Compound for His 11 Kids and Their Mothers

Oct 30, 2024adminBusiness

As the billionaire warns of population collapse and the moral obligation to have children, he’s navigating his own complicated family.

BP Profit Falls, but It Still Sees ‘Potential to Grow’ in Oil and Gas

Oct 29, 2024adminBusiness

The energy giant’s chief executive, Murray Auchincloss, has taken a profit-oriented approach and said in an interview that the company’s “principal aim” was increasing earnings.

Jeff Bezos Defends Decision to End Washington Post Endorsements

Oct 29, 2024adminBusiness

Mr. Bezos, the newspaper’s owner, said that presidential endorsements “create a perception of bias” and that “my views here are, in fact, principled.”

What Japan’s Political Uncertainty Means for Its Market Rally

Oct 28, 2024adminBusiness

The long-ruling Liberal Democratic Party has lost its parliamentary majority, raising questions about the policy stability that has lured investors.

Bezos Was Expected to Make a Splash in Washington. But He Never Arrived.

Oct 28, 2024adminBusiness

The billionaire made splashy purchases of The Washington Post and a mansion in Washington. But his status as a power player in the nation’s capital was never realized.

Inside The Washington Post’s Decision to Stop Presidential Endorsements

Oct 27, 2024adminBusiness

Post owner Jeff Bezos ended the decades-long practice, weeks after a discussion at a meeting in Miami. The move has drawn criticism in and outside the newsroom.

What to Know About the Chinese Hackers Who Targeted the 2024 Campaigns

Oct 27, 2024adminBusiness

A group that experts call Salt Typhoon is believed to be behind a sophisticated breach of major telecommunication companies that has taken aim at American leaders.

Global Economic Leaders Confront a New Era of Industrial Policy

Oct 26, 2024adminBusiness

Policymakers brace for more protectionism and the demise of “neoliberalism” if Donald J. Trump is re-elected in the U.S.

Washington Post Says It Won’t Endorse a Presidential Candidate

Oct 26, 2024adminBusiness

The decision was made by Jeff Bezos, the paper’s owner, according to a person with knowledge of the talks. Will Lewis, the chief executive, said the paper was “returning to our roots” of not making endorsements for the office.

Election Odds Swing in Trump’s Favor on Polymarket, a Crypto Betting Site

Oct 25, 2024adminBusiness

Donald Trump, Elon Musk and CNN have cited election predictions from Polymarket, a betting site where crypto enthusiasts have wagered more than $100 million on who will win the presidency.

Boeing Email to Ethiopian Airlines Sheds Light on a Crash

Oct 25, 2024adminBusiness

Newly revealed correspondence indicates that a Boeing senior official counseled that the company could answer a pilot’s safety question, but it did not.

The White House Bet Big on Intel. Will It Backfire?

Oct 24, 2024adminBusiness

A plan to revive U.S. chip manufacturing rests partly on a company that is firing workers and delaying factories, even as the government pushes for the opposite.

Tesla’s Third Quarter Earnings Report Robust Profit Increase

Oct 24, 2024adminBusiness

The electric car company said profits climbed 17 percent in the third quarter as strong sales of energy products helped to make up for relatively slow auto sales.

Character.ai Faces Lawsuit After Teen’s Suicide

Oct 23, 2024adminBusiness

The mother of a 14-year-old Florida boy says he became obsessed with a chatbot on Character.AI before his death.

Starbucks Reports a Slide in Sales and Traffic

Oct 23, 2024adminBusiness

“We need to fundamentally change our strategy,” the coffee giant’s new chief executive said.

Yellen Rebukes Chinese Lending Practices in Call for Debt Relief

Oct 22, 2024adminBusiness

In an interview, the Treasury secretary also highlighted progress at the World Bank and the International Monetary Fund ahead of annual meetings this week.

Ward Christensen, Early Visionary of Social Media, Dies at 78

Oct 22, 2024adminBusiness

Housebound during a 1978 blizzard, he and a friend began devising the first computer bulletin board, a forerunner of online services like Reddit, TikTok and Facebook.

Meet David Hoffmann, the Florida Billionaire Buying Up Print Newspapers

Oct 21, 2024adminBusiness

David Hoffmann has already bought 5 percent of one of America’s largest newspaper companies. Now, he wants to control the whole thing.

Are there local jewelry manufacturers for small businesses?

Oct 21, 2024adminBusiness

local jewelry manufacturers for small businesses When launching a jewelry line, finding a manufacturer with the right expertise, quality, and lead times is critical. But, there are many options to consider – from big name manufacturers to small contract producers. To help narrow down the list of potential partners, it’s important to understand what to…

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Marvin Preston IV, 80, Dies; Saved the Martha Graham Dance Company

Oct 21, 2024adminBusiness

An expert at rescuing distressed companies, he took over the struggling organization in 2000, leading it through a painful restructuring and a lengthy legal battle.

How the N.F.L. Builds a Fan Base in Ireland: Watch Parties, Clinics and Guinness

Oct 20, 2024adminBusiness

The league is trying to ensure that sponsors, media partners and enthusiasm are in place before committing to playing a game in the country.

Boeing and Union Leaders Reach New Proposal to End Strike

Oct 20, 2024adminBusiness

The deal reached by the machinists union, which represents more than 33,000 workers, would cumulatively raise wages by nearly 40 percent over four years, according to details shared by the union.

Halloween’s Mutation: From Humble Holiday to Retail Monstrosity

Oct 19, 2024adminBusiness

Americans once made their own costumes and candy. Now, the holiday has rapidly commercialized, transforming into an economic juggernaut.

CVS Ousts Karen Lynch as C.E.O. and Shares Fall

Oct 19, 2024adminBusiness

Shares of the health care conglomerate dropped after the sudden departure of Karen Lynch and a downbeat update on the state of the company’s finances.

China’s Lackluster Growth Continues, Signaling Why Beijing Acted on Economy

Oct 18, 2024adminBusiness

New data shows the challenges facing Chinese policymakers trying to stimulate an economy marked by falling prices, weak consumer spending and a housing market crash.

Arie Kopelman, a Driving Force in Expanding Chanel Inc., Dies at 86

Oct 18, 2024adminBusiness

Arriving at the storied luxury house two years after Karl Lagerfeld, he helped guide a boom in both products and revenues as the company’s president.

Harris Came for a Fox News Interview, but Got a Debate With Bret Baier

Oct 17, 2024adminBusiness

The vice president’s sit-down with Bret Baier was her most contentious meeting with a journalist since becoming the Democratic nominee.

Amazon, Google and Microsoft Are Investing in Nuclear Power

Oct 17, 2024adminBusiness

Large technology companies are investing billions of dollars in nuclear energy as an emissions-free source of electricity for artificial intelligence and other businesses.

How Kamala Harris’s Economic Plan Has Been Shaped by Business Leaders

Oct 16, 2024adminBusiness

The vice president has repeatedly incorporated suggestions from business executives into her economic agenda.

The Stock Market’s Bullish Run Is Likely to Continue, Analysts Say

Oct 15, 2024adminBusiness

The bullishness on Wall Street is largely based on confidence that the Federal Reserve will tame inflation, the economy will remain solid and corporate earnings will continue to grow.

Attention Kmart Shoppers: It’s Closing Time

Oct 15, 2024adminBusiness

As the last full-size Kmart in the continental United States prepares to close, shoppers reminisced about the store that once sold everything, everywhere.

China’s Stock Markets Rebound on Promises to Help Businesses

Oct 14, 2024adminBusiness

Assurances from government officials on plans to strengthen the private sector offset a lack of specifics about economic stimulus.

Fisher-Price Recalls ‘Snuga Swings’ Linked to Five Infant Deaths

Oct 14, 2024adminBusiness

The U.S. Consumer Product Safety Commission announced the recall, which one of its commissioners said was “doomed to fail.”

Work Advice: How Can I Get My Male Boss to Notice Me?

Oct 13, 2024adminBusiness

When there are men in the room, a female colleague is made to feel invisible.

Fitch Ratings Issues Warning About France’s Finances

Oct 13, 2024adminBusiness

A rating agency’s warning about the country’s ballooning debt comes as the prime minister tries to push an austerity budget through a divided Parliament.

China Vows to Unleash More Borrowing to Spur Economy and Strengthen Banks

Oct 12, 2024adminBusiness

The finance minister said Beijing would sell bonds to supplement spending and help banks but did not detail how much.

Warren Wilson, Pioneering Los Angeles TV Reporter, Dies at 90

Oct 12, 2024adminBusiness

In addition to covering the 1992 riots and other historically significant events, he helped facilitate the surrenders of 22 fugitives.

Taiwanese Employees of Foxconn, the Apple Supplier, Detained in China

Oct 11, 2024adminBusiness

Taiwan’s government said that they had been accused of a breach of trust, but that their employer, Foxconn, had denied the company suffered any losses.

Inflation Expected to Cool in September C.P.I. Report

Oct 10, 2024adminBusiness

The Consumer Price Index is moderating, but September’s report contained both good and bad news for policymakers.

Ratan Tata, Whose Indian Business Empire Went Global, Dies at 86

Oct 10, 2024adminBusiness

The patriarch of a powerful family, his Tata Group put an indelible stamp on Indian life while acquiring British brand names like Tetley Tea and Jaguar.

Nobel Prize in Chemistry Goes to 3 Scientists for Predicting and Creating Proteins

Oct 9, 2024adminBusiness

The Nobel, awarded to David Baker of the University of Washington and Demis Hassabis and John M. Jumper of Google DeepMind, is the second this week to involve artificial intelligence.

Young Chinese Investors Are Jumping Into the Stock Market Frenzy

Oct 9, 2024adminBusiness

Despite the risks of investing at a volatile time, investors see the recent stock rally as a rare opportunity to make money when China’s economy is sluggish.

TikTok Faces Lawsuits From 13 States Around Teens and Mental Health

Oct 8, 2024adminBusiness

More than a dozen states sued TikTok on Tuesday for creating an app designed to be addictive to children and teenagers.

China Stocks Surge After Government Measures to Boost Economy

Oct 8, 2024adminBusiness

The government has fired up investors by encouraging banks to lend more to buyers of stock and real estate, but officials refrained on Tuesday from promising more stimulus.

Victims of Stanford Financial’s Fraud Scheme May Soon Be Paid. Some Already Sold Their Claim.

Oct 7, 2024adminBusiness

Not having much insight into what may happen next in the case of a fraud orchestrated by Robert Allen Stanford, many of the victims sold the rights to any future payout.

How E-Commerce Is Making China’s Deflation Worse

Oct 7, 2024adminBusiness

The push by Pinduoduo to lower prices has helped it become one of China’s fastest-growing e-commerce apps, and epitomizes a broader force plaguing the economy.

‘Joker’ Sequel Falls Far Short of Original at the Box Office

Oct 6, 2024adminBusiness

The bleak musical drama is on track to open to around $45 million, less than half of what the 2019 version made on its first weekend.

As 23andMe Struggles, Concerns Surface About Its Genetic Data

Oct 6, 2024adminBusiness

A plummet in the company’s valuation and a recent board resignation have raised questions about the future of genetic data collected from millions of customers.

With ‘SmartLess,’ Jason Bateman, Will Arnett and Sean Hayes Are Building a Media Empire

Oct 5, 2024adminBusiness

Started during the pandemic, this venture is the first step in a media empire being built by the actors Sean Hayes, Will Arnett and Jason Bateman.

Harris, in Michigan, Tries to Head Off Trump’s Attacks Over Gas Cars

Oct 5, 2024adminBusiness

Kamala Harris, who has faced a flurry of Trump ads in Michigan misleadingly arguing that she wants to ban gas cars altogether, promised, “I will never tell you what kind of car you have to drive.”

U.S. Hiring Surges, Surpassing Expectations

Oct 4, 2024adminBusiness

The labor market bounced back in September, adding 254,000 jobs, a sign that economic growth remains solid. The unemployment rate fell to 4.1 percent.

For Companies in China, Pulling Out of Xinjiang Poses ‘Messy Dilemma’

Oct 4, 2024adminBusiness

Beijing’s investigation of the parent of Calvin Klein and Tommy Hilfiger, which stopped buying goods from Xinjiang, has put global firms in a difficult position.

Gilead Agrees to Allow Generic Version of Groundbreaking H.I.V. Shot in Poor Countries

Oct 3, 2024adminBusiness

Many middle-income countries are left out of the deal, widening a gulf in access to critical medicines.

Here Are the Rules for the Vance-Walz Vice-Presidential Debate

Oct 2, 2024adminBusiness

CBS News has announced the rules and format for Tuesday’s debate between Senator JD Vance and Gov. Tim Walz.

Meet the Moderators: Margaret Brennan and Norah O’Donnell of CBS News

Oct 2, 2024adminBusiness

A pair of veteran news anchors will steer the vice-presidential matchup on Tuesday between JD Vance and Tim Walz.

U.S. Raises New Concerns Over Chinese Lending Practices

Oct 1, 2024adminBusiness

A Treasury official will call for greater transparency over emergency currency “swap” loans to struggling countries by China’s central bank.

Japan’s Nikkei Tumbles After Party’s Election of New Prime Minister

Sep 30, 2024adminBusiness

Stocks dropped after Japan’s governing party chose Shigeru Ishiba, a critic of the country’s longstanding ultralow interest rates, as its leader.

Francis Ford Coppola’s $140-Million ‘Megalopolis’ Plays to Near-Empty Theaters

Sep 29, 2024adminBusiness

Francis Ford Coppola spent roughly $140 million on the film, which debuted to an estimated $4 million in weekend ticket sales.

Tolerating the Office When It Feels Like High School

Sep 29, 2024adminBusiness

How to stay cordial when your adult colleagues gossip like teenagers.

Dish and DirecTV Near a Deal to Combine (Again)

Sep 28, 2024adminBusiness

The companies are in talks to create one of the largest pay-TV providers in the country. In 2002, the U.S. government blocked a similar deal.

Biden Officials Stave Off Sticker Shock on Medicare Drug Premiums

Sep 28, 2024adminBusiness

Federal regulators spent billions of dollars to avoid a spike in costs for older Americans that could have been politically damaging to the presidential campaign of Vice President Kamala Harris.

Silicon Valley Renegades Pollute the Sky to Save the Planet

Sep 26, 2024adminBusiness

Some restless entrepreneurs are releasing pollutants in the sky to try to cool the planet.

China to Investigate U.S. Retailer, Sending a Message Over Xinjiang

Sep 25, 2024adminBusiness

PVH, which owns Calvin Klein and Tommy Hilfiger, is targeted for allegedly avoiding purchases from the region where the Chinese government has cracked down on Muslim minorities.

How Meta Distanced Itself From Politics

Sep 25, 2024adminBusiness

Ahead of November’s election, Meta has de-emphasized political content on Facebook, Instagram and Threads and doesn’t want to talk about candidates or campaigns.

China Cuts Interest Rates and Mortgage Down Payments

Sep 24, 2024adminBusiness

The country’s central bank also freed commercial banks to lend more money in a package of moves aimed at rekindling growth in a stagnant economy.

Can Math Help AI Chatbots Stop Making Stuff Up?

Sep 24, 2024adminBusiness

Chatbots like ChatGPT get stuff wrong. But researchers are building new A.I. systems that can verify their own math — and maybe more.

How Trump Could Upend Taxation in America

Sep 23, 2024adminBusiness

With slogans and in social-media posts, the former president has dribbled out ideas that, together, would fundamentally change how taxes are collected in the U.S.

How Trump Could Upend Taxation in America

Sep 23, 2024adminBusiness

With slogans and in social-media posts, the former president has dribbled out ideas that, together, would fundamentally change how taxes are collected in the U.S.

Women Entrepreneurs Are Hitting a Funding Wall

Sep 22, 2024adminBusiness

For women starting new businesses, early funding from venture capital firms led by other women is vital. But few are large enough to lead subsequent rounds of financing.

Qualcomm Asked Rival Intel if It Would Consider Sale

Sep 21, 2024adminBusiness

While Intel has struggled in recent years, other chipmakers are thriving because of a boom in demand.

2 Stole $230 Million in Cryptocurrency and Went on a Spending Spree, U.S. Says

Sep 21, 2024adminBusiness

Malone Lam, 20, and Jeandiel Serrano, 21, schemed to obtain 4,100 Bitcoin from a single victim, federal prosecutors said.

GE Vernova May Cut 900 Offshore Wind Jobs as It Scales Back

Sep 20, 2024adminBusiness

The company, a spinoff from General Electric, has been plagued by financial losses in its wind unit and, more recently, accidents involving the failure of turbine blades.

Olivia Nuzzi, New York Magazine Writer, Put on Leave Over R.F.K. Jr. Relationship

Sep 20, 2024adminBusiness

Ms. Nuzzi told her editors about the relationship that had turned personal, the outlet said. A representative for Mr. Kennedy said the pair had met only once.

Interest Rates Fall, but Central Banks Are No Longer in Lock Step

Sep 19, 2024adminBusiness

Officials in some countries started cutting rates last year, but others, including those in Europe and the United States, have taken a more cautious approach.

Company Investigating Radios Targeted in Lebanon Explosions

Sep 19, 2024adminBusiness

The Japanese electronics manufacturer Icom said it stopped making the walkie-talkie model in 2014 and has warned about fake versions for several years.

Boeing to Begin Temporary Layoffs Due to Strike

Sep 18, 2024adminBusiness

The aerospace giant said it would temporarily lay off tens of thousands of employees to stem losses from a walkout by the machinists’ union.

Biden Administration Extends Review Period for Nippon Takeover of U.S. Steel

Sep 18, 2024adminBusiness

U.S. Steel’s chief, David Burritt, expressed confidence on Tuesday that the sale of the American manufacturer to a Japanese owner would close “on its merits” despite bipartisan backlash.

Meta Plans to Ban the Russian TV Network RT

Sep 17, 2024adminBusiness

The owner of Facebook and Instagram said it would bar Russian media outlets including RT, while YouTube is removing channels it had already blocked.

Donald Trump Rolls Out World Liberty Financial, a New Crypto Venture

Sep 17, 2024adminBusiness

In a livestream, Donald Trump formally introduced World Liberty Financial, a crypto venture led by two digital currency entrepreneurs with little experience running high-profile businesses.

Will TikTok Be Banned in January? That Question is Headed to Court

Sep 16, 2024adminBusiness

TikTok will be in federal court on Monday, aiming to block a new law that will ban the popular video app in the United States early next year.

‘Beetlejuice Beetlejuice’ Hands Warner Bros. a Lifeline

Sep 16, 2024adminBusiness

The movie has made roughly $190 million in its first 10 days, giving the studio a needed hit after a summer of misfires.

Dress to Impress Brings New Users to Roblox

Sep 15, 2024adminBusiness

The online gaming platform is ubiquitous among tweens, but a popular fashion game has adults — and a few celebrities — paying attention.

R. Peter Munves, Master Marketer of Classical Music, Dies at 97

Sep 15, 2024adminBusiness

As an executive at Columbia and RCA Records, he popularized the classics for mass audiences by applying the same techniques used to sell pop music.

Should Betting on Elections Be Legal?

Sep 14, 2024adminBusiness

Election wagers have long been banned in the United States. But for a brief period on Thursday, a regulated prediction market was permitted to offer them to Americans.

Biden Administration Is Likely to Delay Decision Over U.S. Steel

Sep 14, 2024adminBusiness

The White House has faced backlash for politicizing its review of Nippon Steel’s takeover of the company.

Biden Administration Ratchets Up Tariffs on Billions of Dollars of Chinese Goods

Sep 13, 2024adminBusiness

The administration moved to block off a popular tariff-free path for Chinese apparel coming into the United States, and added stiff levies on electric vehicles, solar panels and other products.

OpenAI Unveils o1 ChatGPT Model That Can Reason Through Math and Science

Sep 13, 2024adminBusiness

Driven by new technology called OpenAI o1, the chatbot can test various strategies and try to identify mistakes as it tackles complex tasks.

Navient Reaches $120 Million Student Loan Settlement With Consumer Watchdog

Sep 12, 2024adminBusiness

The company has been banned from servicing federal student loans and must pay $100 million to harmed borrowers, as well as a $20 million penalty.

SpaceX Polaris Dawn Spacewalk: How to Watch the Astronauts

Sep 12, 2024adminBusiness

The astronauts of the Polaris Dawn mission, after traveling through heavy radiation and high orbits, are getting ready to open the hatch of their SpaceX vehicle.

Mushroom-Laced Candy Recall Highlights F.D.A.’s Limited Safety Role

Sep 11, 2024adminBusiness

More than 150 people were sickened from products sold at smoke and vape shops, providing evidence of the lax regulation of new food items.

Polaris Dawn Astronauts in SpaceX Dragon Reach Record Orbit Above Earth

Sep 11, 2024adminBusiness

After launching early on Tuesday, the billionaire Jared Isaacman and his crew traveled to altitudes not visited by any astronaut since the Apollo moon missions of the 1960s and ’70s.

After Fierce Lobbying, Regulators Soften Proposed Rules on Banks

Sep 10, 2024adminBusiness

A top Federal Reserve official said that blowback to proposed rules on capital requirements led him to “relearn the lesson of humility.”

Jorge Ramos to Leave Univision After 40 Years at the Network

Sep 10, 2024adminBusiness

TelevisaUnivision announced on Monday that Mr. Ramos and the network had mutually agreed not to renew his contract.

Hedge Fund Pushes for End of Murdochs’ Control at News Corp

Sep 9, 2024adminBusiness

Starboard Value, a fund that takes stakes in companies and agitates for changes, said that political disagreements among Rupert Murdoch’s children could be “paralyzing” for the media firm.

Boeing Reaches Tentative Deal With Union Workers to Avert Strike

Sep 9, 2024adminBusiness

The proposed contract, if approved by union members on Thursday, includes a 25 percent raise over four years and a promise to build the next plane in the Seattle-Portland area.

Presidential Debate Will be Big Test for ABC

Sep 8, 2024adminBusiness

ABC News is under a microscope as its journalists prepare to host one of the most scrutinized moments of the 2024 campaign.

Salmonella Outbreak Prompts Egg Recall by Wisconsin Farm

Sep 8, 2024adminBusiness

Officials said 65 people in nine states have been infected in the outbreak, which has been traced to an egg farm. No deaths have been reported.

How Russia Found Its Way Into America’s Conservative Media

Sep 7, 2024adminBusiness

Federal prosecutors say Russia paid an American media company to push pro-Kremlin messages from social media influencers including Benny Johnson, Tim Pool and Dave Rubin.

Clark Halstead, Real Estate Broker Who Broke the Mold, Dies at 83

Sep 7, 2024adminBusiness

The face of his firm, he opened storefront offices to chase undervalued properties in New York City and emblazoned a London cab with his name.

Live Updates: U.S. Job Growth Expected to Rebound

Sep 6, 2024adminBusiness

Ahead of a key Federal Reserve meeting to set interest rates, economists predict a modest bounce in hiring in August from an unexpectedly sluggish July.

Telegram Founder Pavel Durov Defends App in First Comments Since Arrest

Sep 6, 2024adminBusiness

Pavel Durov, held in France since last month, blamed “growing pains” for the company’s problems and pledged to make improvements.

Tax Policy Becomes a Fault Line for Harris

Sep 5, 2024adminBusiness

The vice president is relying on tax proposals as a way to show she is different from both President Biden and her Republican rival, Donald Trump.

U.S. Market Slump Led by Nvidia Sparks Global Sell-Off

Sep 5, 2024adminBusiness

Another day of anxiety hit stock markets around the world, with technology stocks the focus of attention.

Slowdown Déjà Vu Rattles the Markets

Sep 4, 2024adminBusiness

Investors sent technology stocks and other assets tumbling on concerns that the U.S. economy could be headed for a hard landing.

Silicon Valley Wants to Fight Fires With Fire

Sep 4, 2024adminBusiness

How some high-tech entrepreneurs are trying to use new forms of technology to solve the problem of mega-wildfires in the age of climate change.

Can Democrats Stop the ‘Tax Doom Loop’?

Sep 3, 2024adminBusiness

Democrats are tired of losing to Republicans on tax policy. They’re hoping to mount a comeback next year.

Behind the Big Changes at ‘Wheel of Fortune’

Sep 3, 2024adminBusiness

Ryan Seacrest is taking over as host of the longtime game show as it tries to move into the streaming future.

From Starbucks to Specialty Cafes, the New Arms Race in the Coffee Wars

Sep 2, 2024adminBusiness

From the giant Starbucks to upstarts like Scooter’s Coffee in Nebraska, the battle is joined for who can come up with the craziest, calorie-laden, not-really-coffee drink.

About 10,000 Hotel Workers Walk Off the Job on Labor Day Weekend

Sep 2, 2024adminBusiness

The union representing the workers, UNITE HERE, has planned a rolling strike for several days in cities like Boston, San Francisco and Seattle after contract negotiations stalled.

How a Leading Chain of Psychiatric Hospitals Traps Patients

Sep 1, 2024adminBusiness

Acadia Healthcare is holding people against their will to maximize insurance payouts, a Times investigation found.

Judge Dismisses Suit Seeking to Ban Smoking in Atlantic City Casinos

Sep 1, 2024adminBusiness

The judge said a loophole exempting casinos from a statewide ban on indoor smoking did not keep workers from pursuing employment in smoke-free environments.

What’s in Your Fridge? What to Know About the Boar’s Head Listeria Recall

Aug 31, 2024adminBusiness

Seven million pounds of Boar’s Head meats have been recalled since late July, when reports of serious illnesses and deaths began to occur.

Ofra Bikel, Filmmaker With a Focus on Criminal Justice, Dies at 94

Aug 31, 2024adminBusiness

Her award-winning documentaries for PBS’s “Frontline” series shed light on serious flaws in several convictions and helped lead to the release of 13 prisoners.

Boar’s Head Plant Tied to 9 Listeria Deaths Had Mold, Leaky Pipes and Flies

Aug 30, 2024adminBusiness

Federal inspectors cited continuing problems at a deli meat plant in Virginia that was linked to an outbreak of listeria, records indicate.

Man Lost on Corporate Retreat Is Rescued After Freezing Night in the Rockies

Aug 30, 2024adminBusiness

Steve Stephanides of Florida stopped to take a break while his colleagues continued up a mountain trail, the authorities said. He got lost on his way back and was found the next day by rescue teams.

Help! United Canceled Our Trip to Paris. Or Did It?

Aug 29, 2024adminBusiness

A long-planned French getaway for three hit a snag when their airline reservation was mysteriously canceled, costing them almost $11,000. It turned out an unwanted travel agency was (partially) responsible.

Telegram CEO Pavel Durov Charged With Wide Range of Crimes in France

Aug 29, 2024adminBusiness

Pavel Durov, who was arrested near Paris over the weekend as part of a broad investigation into criminal activity on the platform, was also barred from leaving the country.

Smartphone Battery Tips: How to Stretch the Charge on Your Older Device

Aug 28, 2024adminBusiness

If your current smartphone can’t make it through the day without needing a recharge, here are a few steps to make it last a little longer.

CNN’s Dana Bash to Interview Harris and Walz on Thursday

Aug 28, 2024adminBusiness

The joint interview, airing at 9 p.m. Eastern, is the first time the vice president will face sustained questions from a journalist since President Biden withdrew from the race.

Tesla Chargers Are Still Closed to Most Electric Cars

Aug 27, 2024adminBusiness

Elon Musk’s plan to open Tesla’s charging network is proceeding slowly. Nobody is entirely sure why, or when that might change.

Kroger and Albertsons Confront a Skeptical F.T.C. in federal court

Aug 27, 2024adminBusiness

The Federal Trade Commission, which is trying to block Kroger’s plan to acquire Albertsons, said in court that the merger of grocery giants would also hurt workers’ pay and benefits.

A Trial Asks: If Grocery Rivals Merge, Do Workers Suffer?

Aug 26, 2024adminBusiness

As Kroger seeks to acquire Albertsons, federal regulators argue that the biggest supermarket combination in history will hurt not only consumers, but workers as well.

Telegram Becomes Free Speech Flashpoint After Reports of Founder’s Arrest

Aug 26, 2024adminBusiness

Pavel Durov, the founder of the app, which has more than 900 million users, was taken into custody by the French authorities, the French news media reported.

Why Roth Accounts May Be a Good Savings Option at Any Age

Aug 25, 2024adminBusiness

These savings accounts, which are often pitched to young investors, can be a good investment option for older and retired workers.

NASA Extends Boeing Starliner Astronauts’ Space Station Stay to 2025

Aug 25, 2024adminBusiness

Persistent concerns with the vehicle’s propulsion systems mean Suni Williams and Butch Wilmore will return home next year in a SpaceX vehicle.

7-Eleven Is a Hard Target for Couche-Tard to Land in Takeover Bid

Aug 24, 2024adminBusiness

Convenience stores are a part of the country’s culture, meaning that the foreign buyout bid for 7-Eleven, the largest chain, could be a hard sell in Japan.

Why the Fed’s Jackson Hole Meeting Matters to Wall Street

Aug 24, 2024adminBusiness

The Federal Reserve Bank of Kansas City’s annual conference in Wyoming gets a lot of buzz. Here’s why it matters for Wall Street and the economy.

Nepal Lifts Ban on TikTok, in a Likely Overture to China

Aug 23, 2024adminBusiness

The move signaled that Nepal’s new prime minister, who has cultivated ties with China, would continue on that path.

Farm Workers Union Battles With California Grower, Wonderful Nurseries

Aug 23, 2024adminBusiness

Wonderful Nurseries, owned by Stewart and Lynda Resnick, has sued California to overturn a labor organizing law championed by the United Farm Workers.

Canada’s Freight Railroads Halt Operations Amid Labor Dispute

Aug 22, 2024adminBusiness

The shutdown could disrupt trade with the United States and other countries, as well as causing serious economic consequences within Canada.

Macy’s and Target Reports Show Consumers Are Still Bargain Shopping

Aug 22, 2024adminBusiness

Department store chains have struggled as Americans, squeezed by budget constraints, spend less time and money at their stores.

Global Trade Needs a China Alternative. India Needs Better Ports.

Aug 21, 2024adminBusiness

Efforts to build new ports and expand existing docks could determine whether India emerges as a legitimate option for global factory production.

Pakistan’s Internet Disruptions Stoke Fears of Government Surveillance

Aug 21, 2024adminBusiness

Disruptions have fueled claims from rights groups that the Pakistani authorities are introducing technology to surveil and control the country’s internet.

Edgar Bronfman Jr. Submits Bid for Paramount

Aug 20, 2024adminBusiness

The offer by Edgar Bronfman Jr., the former head of Warner Music Group, comes days before a crucial deadline in the scramble to acquire control of Paramount.

7-Eleven Gets Takeover Bid From Canada’s Alimentation Couche-Tard

Aug 20, 2024adminBusiness

Japan’s Seven & i Holdings, which operates 85,000 stores, said it had received a bid from the Canadian convenience store chain Alimentation Couche-Tard.

Businesses Are Already Girding for Next Phase of the U.S.-China Trade War

Aug 19, 2024adminBusiness

Alarmed by the prospect of increased tariffs on Chinese goods if Donald Trump is elected, some American companies are stockpiling parts and delaying expansions.

‘Alien: Romulus’ Solidifies Disney’s Box Office Rebound

Aug 18, 2024adminBusiness

After struggling in recent years, Hollywood’s biggest movie company has now delivered four hits in a row, dominating the summer with a 42 percent market share.

What to Do About a Friend Who’s Too Competitive at Work

Aug 18, 2024adminBusiness

What should I do about a friend who deliberately undermined one of her colleagues and then bragged to me about it?

Trump’s Interviews Since Harris Joined the Presidential Race

Aug 17, 2024adminBusiness

A whirl of appearances in media venues large and small have defined Donald Trump’s past four weeks, as he tries to wrest attention from his new opponent, Kamala Harris.

Betty A. Prashker, 99, Who Pushed Boundaries in Book Publishing, Dies

Aug 17, 2024adminBusiness

A top editor and executive at two publishing houses, she was an advocate for women in publishing, and for equal pay in an industry that had long been male-dominated.

Charlie Moss, Whose Ads Spread Love for New York, Dies at 85

Aug 16, 2024adminBusiness

As a pioneer of Madison Avenue’s creative revolution, he collaborated on campaigns for Alka-Seltzer and other products. But his tourism pitches were a game changer.

Wally Amos, Creator of Famous Amos Cookies, Dies at 88

Aug 16, 2024adminBusiness

With a background as a talent agent, his aunt’s recipe and a winning personality, he built one of the world’s best-known brands of baked goods.

U.S. Announces Prices for First Drugs Picked for Medicare Negotiations

Aug 15, 2024adminBusiness

The Biden administration said it would have saved $6 billion had the new prices been in effect last year.

WeRide, a Chinese Autonomous Driving Start-Up, Is About to Go Public

Aug 15, 2024adminBusiness

WeRide, a $5 billion software maker, is set for an I.P.O. amid geopolitical risks and a rush by Chinese automotive tech firms to raise money in the United States.

This Theater Company in Wisconsin Banks on the Glory of the Human Voice

Aug 14, 2024adminBusiness

No musicals and no mics: At American Players Theater in Wisconsin, nothing comes between the actors, their words and the public.

To Save the Panama Canal From Drought, a Disruptive Fix

Aug 14, 2024adminBusiness

In the wake of a drought that hampered shipping, the Panama Canal’s overseers are eager to expand water storage. Climate change leaves them no choice.

Starbucks Names Chipotle’s Brian Niccol as New C.E.O.

Aug 13, 2024adminBusiness

The coffee chain said that Chipotle’s chief executive would replace Laxman Narasimhan, who is leaving the company after just over a year at the helm.

Tether Co-Founder Faces the Unraveling of a Crypto Dream

Aug 13, 2024adminBusiness

Brock Pierce arrived in Puerto Rico seven years ago, promising to use crypto magic to revitalize the local economy. Now he’s mired in legal disputes and fighting with his business partners.

Three MDMA Studies Are Retracted by Scientific Journal

Aug 12, 2024adminBusiness

The psychedelic treatment, for PTSD, was rejected last week by government regulators.

Los Angeles 2028 Olympic Games Planners See Economic Upside

Aug 12, 2024adminBusiness

The 2028 Games will be the third for Los Angeles as host, but it will be a challenge to repeat the success of 1984.

What ‘It Ends With Us’ Says About the Blake Lively Brand

Aug 11, 2024adminBusiness

The images onscreen are informed by the actress’s offscreen businesses, making the movie a fascinating study in the uses of star power.

What Caused a Plane to Fall From the Sky in Brazil?

Aug 11, 2024adminBusiness

Officials are investigating potential causes of a plane crash that killed 62 people near São Paulo. Using videos and other clues, aviation experts have formed theories.

Where Are the Trumpiest Ads? All Over Truth Social.

Aug 10, 2024adminBusiness

Donald J. Trump’s social network is increasingly relying on a niche of the ad market that caters to hard-core Trump fans and Christian conservatives for revenue.

FDA Declines to Approve MDMA Therapy, and Seeks Further Study

Aug 10, 2024adminBusiness

The agency said there was insufficient data to allow the use of a treatment for PTSD that involves the drug known as Ecstasy.

Trump’s Tax Plan Could Add to the National Debt. Harris’s Is a Mystery

Aug 9, 2024adminBusiness

The former president’s proposals to cut taxes would lose far more revenue than his plans to raise tariffs. The vice president has not addressed fiscal policy in detail.

Why Isn’t Kamala Harris Giving Interviews or Holding News Conferences?

Aug 9, 2024adminBusiness

Critics say the vice president has been too cautious with the press. Her supporters think it’s the right strategy at the right time.

Chinese Woman Loses Legal Challenge for Right to Freeze Her Eggs

Aug 8, 2024adminBusiness

Despite a declining birthrate that has alarmed the nation’s leaders, regulations in China prevent unmarried women from freezing their eggs.

As Markets Rock, a Reporter Stays Steady

Aug 8, 2024adminBusiness

Joe Rennison, who covers financial markets for The New York Times, raced home from vacation when a slowdown in the U.S. economy sparked widespread worry.

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