What’s Behind All the Stock Market Drama?
Analysts and investors have many explanations, including worries about the health of the U.S. economy and shifts in the value of the Japanese yen.
Boeing Says It’s Changing Type of Panel That Blew Off Alaska Airlines Jet
The company told regulators the changes in design and production of the door plugs would allow its warning systems to detect malfunctions.
CNET to Be Sold to Ziff Davis in Sign of Possible Media Deals to Come
Ziff Davis is acquiring CNET for more than $100 million. Its chief executive thinks more acquisitions are on the horizon.
Japan’s Nikkei Rises as Asian Stocks Rebound from Sell-Off
The Nikkei 225, the benchmark index in Japan, rose on Tuesday after a record decline.
As Stock Markets Tumble, Traders Wonder if the Fed Could Make an Emergency Rate Cut
The Federal Reserve only cuts rates outside of scheduled meetings in extreme cases. Some investors think this could merit an emergency move, though others doubt it.
Harris’s Brother-in-Law Tony West, an Uber Executive, is a Key Adviser
Tony West, the top lawyer for Uber, is weighing in on polling and running mates. His presence has made some liberals anxious.
Has the Long Friendship of Bill Gates and Warren Buffett Reached Its Final Act?
Growing tensions between the two billionaires, over issues both substantive and stylistic, have roiled the world of philanthropy.
Ina Jaffe, Dogged and Award-Winning NPR Reporter, Dies at 75
Ms. Jaffe spent decades covering politics and aging in America, and she was the first editor of the NPR program “Weekend Edition Saturday.”
Saying the Quiet Part Out Loud
Two billionaire Democratic donors have publicly pressured Vice President Kamala Harris to replace the F.T.C. chair, Lina Khan. Wall Street insiders are worried that could backfire.
Meta in Talks to Use Voices of Judi Dench, Awkwafina and Others for A.I.
If deals are struck, Meta may incorporate the actors’ voices into a digital assistant product called MetaAI, people with knowledge of the effort said.
Signs of Job Market Weakness Are Bad News for the Fed
Central bankers are preparing to cut interest rates, and are warily monitoring job data as they consider when and how much to lower them.
N.F.L. Sunday Ticket Verdict Is Thrown Out by Judge
The decision, five weeks after a jury awarded $4.7 billion in damages in an antitrust case, is a reprieve for the league.
Productivity Surges 2.3%, Beating Forecasts
Output was up sharply in the second quarter, with the rise in goods produced far exceeding the increase in hours worked.
Scotland Yard to Review Email Deletions in News Corp Hacking Case
A preliminary inquiry threatens to reopen a tumultuous chapter in U.K. news media history. It could entangle The Washington Post’s publisher and other former News Corp figures.
Boeing Names Kelly Ortberg as Its Chief Executive
The company has been under pressure to improve quality and safety after a panel blew away from a 737 Max plane during an Alaska Airlines flight in January.
Sullivan & Cromwell Policy on Campus Protests is Criticized
In a letter to Sullivan & Cromwell, Mr. Nader and two other prominent legal figures condemned its efforts to screen job applicants for their participation in antiwar protests.
The Stranger in Seattle Gets a New Owner, With Plans for Expansion
Noisy Creek, a new media company, has bought The Stranger and The Portland Mercury, two of the country’s best known alternative weeklies.
Francine Pascal, Creator of ‘Sweet Valley High’ Book Series, Dies at 92
The series and its many spinoffs have sold more than 200 million copies and revolutionized the world of young adult publishing.
A Delay for Ackman’s Long-Awaited Pershing Square USA Fund
The billionaire financier’s U.S.-listed investment vehicle is facing a delay in pricing its I.P.O., the latest speed bump in its journey to the public markets.
From Believers to Bitcoin: 24 Hours in Trump’s Code-Switching Campaign
When Donald J. Trump tries to win over a crowd that is not inherently his own, the results can be awkward.
A Blood Test Accurately Diagnosed Alzheimer’s 90% of the Time, Study Finds
It was much more accurate than primary care doctors using cognitive tests and CT scans. The findings could speed the quest for an affordable and accessible way to diagnose patients with memory problems.
How Do You Solve a Problem Like Elon?
Linda Yaccarino, the C.E.O. of X, has worked hard to bring back advertisers and fix the platform’s business. But its owner, Elon Musk, is always one whim away from undoing her work.
Why Is It So Hard for Olympic Host Cities to Control Costs?
An Oxford study estimates that despite cost-cutting efforts, Paris is spending more than $1 billion above the Games’ historical median cost.
NASA Moves Toward Boeing Starliner Return to Restore Space Station Traffic
With the Falcon 9 rocket set to fly again, and testing of the Starliner capsule progressing, the agency is seeking to turn the page on a brief, troubled chapter in orbit.
China Rules Solar Energy, but Its Industry at Home Is in Trouble
The solar sector shows how China conducts industrial policy: It chooses industries to dominate, floods them with loans and lets companies fight it out.
Ukraine Presses China to Help Seek End to War With Russia
A visit by the foreign minister of Ukraine to Guangzhou this week signals Kyiv’s desire to involve Beijing in peace talks that China has thus far largely snubbed.
Judge Refuses to Block F.T.C.’s Noncompete Ban as Lawsuits Play Out
A federal judge in Pennsylvania denied a request to delay the rule, siding with the agency and diverging from another court’s decision this month.
California Forever Future City in Solano County Put on Hold
The East Solano Plan, a proposal for a walkable urban community in a rural corner of the San Francisco Bay Area, stoked tension, fear and mistrust among some neighbors.
Campus Protests Led to More Than 3,100 Arrests, but Many Charges Have Been Dropped
The spate of pro-Palestinian protests and encampments engulfed academic institutions of all sizes in nearly every part of the country.
‘Twisters’ Takes Off at the Box Office
The disaster movie was on pace to sell roughly $80 million in tickets in North America over the weekend, 60 percent more than expected.
Wall Street Republicans Worry About Vance as Trump’s Running Mate
The financial world’s heavy hitters fear being marginalized in Washington after former President Trump chose a running mate openly hostile to Wall Street.
Live Updates: Airlines, Banks and Courthouses Struggle to Recover After Microsoft Windows Outage
Companies across the world reported disruptions, citing technical issues from a cybersecurity software update.
WNBA Players Seek Expert Advice as They Assess Next Union Contract
With the league’s popularity rising, players have never had more leverage when it comes to issues like salaries, travel accommodations and revenue sharing.
E.U. Court Rebukes European Commission Over Covid Vaccine Contracts
The court ruled that the European Commission wrongly withheld information, casting a shadow on its leader, Ursula von der Leyen, before a crucial vote on her future.
To Revitalize Britain’s Economy, a Plan for a Stronger Government Role
The Labour Party’s economic agenda, like many other programs around the world, puts political leaders more firmly in charge of industrial policy.
Promised Cures, Tainted Cells: How Cord Blood Banks Mislead Parents
Families pay thousands of dollars to store their children’s stem cells with the hope of a healthier future. But the cells are rarely useful, and sometimes contaminated.
‘Morning Joe’ Is Pre-empted for Breaking News Coverage
The change immediately led to questions about whether NBC was blocking the program, which has been loyal to President Biden, for political considerations.
China Is Holding a Major Meeting on the Economy That You Can’t Watch
President Xi Jinping is presiding over a conclave to draft a new economic program. The stakes are high, but expectations for big changes are modest.
No Contact America
Encouraged on social media, many Americans are estranging themselves from their families as a therapeutic step.
Delta Flight Attendants With Palestinian Pins Prompts Uniform Policy Change
A social media post showing two flight attendants wearing the pins drew criticism and prompted Delta to say that only U.S. flag pins would be permitted.
What if the A.I. Boosters Are Wrong?
A skeptical paper by Daron Acemoglu, a labor economist at M.I.T., has triggered a heated debate over whether artificial intelligence will supercharge productivity.
Marathon Oil Agrees to Pay Record EPA Penalty
The company will spend $242 million to resolve allegations that it released methane, a greenhouse gas, and other pollutants in North Dakota.
SpaceX Rocket Fails, Breaking Apart in Orbit
The failure, the first since 2016, ended a streak of more than 300 successful launches for the Falcon 9 rocket.
The Beastie Boys Sue Chili’s Over Use of ‘Sabotage’
The band said that the restaurant chain had ripped off the song and its music video in advertising videos posted to social media. The group has won similar cases in the past.
Biden’s High-Stakes Moment: Tonight’s NATO News Conference
The president’s allies, doubters and enemies will be watching for any evidence of stumbles as he fields questions from reporters.
David Liederman, Who Found Sweet Success With David’s Cookies, Dies at 75
His innovative version of the chocolate chip cookie, studded with irregular pieces of dark Swiss chocolate, led to a chain of more than 100 stores worldwide.
CNN Cuts 100 Jobs, and Announces Plan for Digital Subscription Product
The network’s C.E.O., Mark Thompson, has promised a more robust digital strategy as people flee traditional cable packages.
Samsung Union Workers Launch Indefinite Strike
The tech giant’s largest union escalated its dispute with management after failing to reach an agreement over pay and working policies.
U.S. Creates High-Tech Global Supply Chains to Blunt Risks Tied to China
If the Biden administration had its way, far more electronic chips would be made in factories in, say, Texas or Arizona. They would then be shipped to partner countries, like Costa Rica or Vietnam or Kenya, for final assembly and sent out into the world to run everything from refrigerators to supercomputers. Those places may…
Meet David Ellison, the CEO of Skydance and Paramount’s New Owner
David Ellison’s Hollywood career has been defined by high-octane blockbusters filled with suspense, stunts and improbable plot twists. But on Sunday he landed his biggest cliffhanger yet, striking a deal to merge with Paramount after months of negotiations with the company and its controlling shareholder, Shari Redstone. If the deal closes, he will be in…
A Wall Street Law Firm Wants to Define Consequences of Anti-Israel Protests
For as long as students at colleges across the United States have protested the war in Gaza, they’ve drawn the fury of some of the financial world’s mightiest figures — investors, lawyers and bankers — who have flexed their financial power over universities, toppling school leaders in the process. It didn’t stop the students. The…
How the Yen’s Slide Is Undermining Japan’s Defense Buildup
The yen’s collapse this year to a nearly four-decade low is undermining Japan’s plans for its largest military buildup in postwar history. The government has slashed orders for aircraft, and officials warn that further cuts may be imminent. Japan buys much of its military equipment from American companies, in transactions done in dollars. The government’s…
Young Couples Move in Together Early to Save on Rent
For Caroline Li and Colin Wang, moving in together after dating for eight months was a matter of serendipity and urgency. Last fall, Mr. Wang, 28, was completing his final year of medical school at the University of California, Los Angeles, when he learned that the two-bedroom apartment he shared with one roommate had a…
Dropping in Just to Say ‘Hi!’
What to do when a colleague seems to have a communication problem.
As the E.V. Revolution Slows, Ferrari Enters the Race
Gliding on robotic haulers, a line of Ferrari frames maneuvers through a gleaming new factory in Northern Italy. At each station, engineers in cherry red uniforms add a component — an engine block, a dashboard, a steering wheel — as they transform the bodies into hybrid vehicles. Up next: fully electric. A lot is riding…
Rachel Reeves, Britain’s First Female Chancellor, Turns to Janet Yellen for Inspiration
After 14 years in the shadows, Britain’s Labour Party has returned to governing. And the country’s first female chancellor of the Exchequer, Rachel Reeves, is faced with the tough job of restoring Britain’s economic growth prospects and ending a decade and a half of stagnation. For inspiration, she has turned to another glass-ceiling-shattering woman, on…
Live Updates: U.S. Job Growth Remains Solid
July 5, 2024, 7:03 a.m. ET July 5, 2024, 7:03 a.m. ET Jerome H. Powell, the Federal Reserve chair, said this week that officials would like to see more cooling inflation data “like what we’ve been seeing recently” before cutting rates.Credit…Pete Marovich for The New York Times The labor market has maintained surprising vigor over…
Ray Kurzweil Still Says He Will Merge With A.I.
Sitting near a window inside Boston’s Four Seasons Hotel, overlooking a duck pond in the city’s Public Garden, Ray Kurzweil held up a sheet of paper showing the steady growth in the amount of raw computer power that a dollar could buy over the last 85 years. A neon-green line rose steadily across the page,…
Europe Tells China’s Carmakers: Get Ready to Pay Tariffs
The European Union took the next step on Thursday toward collecting new tariffs on Chinese electric cars, telling automakers to obtain guarantees from banks that they would be able to pay the taxes set to be made final in October. The move was expected. The bloc had said on June 12 that it would impose…
Saks Owner Acquires Neiman Marcus, Creating a Luxury Retail Giant
In a move that would further consolidate the luxury retail market, the parent company of Saks Fifth Avenue has agreed to acquire Neiman Marcus in a $2.65 billion deal, creating the ultimate high-end department store behemoth, the companies announced on Wednesday. The deal, which had been rumored since Neiman Marcus filed for bankruptcy protection during…
How Reliant Is the U.S. on Avocados From Mexico?
Americans have a growing appetite for avocados, and a single state in Mexico supplies nearly all of the fruit eaten in the United States. This reliance is highlighted when imports are disrupted. The U.S. Department of Agriculture recently suspended inspections of avocados and mangoes set to be shipped from Mexico, citing security issues for agency…
Swedish Grandparents Can Be Paid to Babysit Under New Law
Swedish grandparents became eligible for paid parental leave this week after the country enacted a trailblazing new law aimed at extending child care benefits beyond a child’s immediate family. Under the change, which took effect Monday, parents are able to transfer a portion of their parental leave days to other caretakers, cementing Sweden’s reputation as…
How Partisan Media Covered the Supreme Court’s Trump Immunity Decision
Liberal and conservative media outlets alike on Monday gave top billing to the news that the Supreme Court granted former President Donald J. Trump significant immunity from prosecution. But the similarities stopped there. Liberal outlets criticized the ruling as a biased move from a conservative Supreme Court. They said it only heightened the stakes for…
Air Europa Flight Hits Severe Turbulence, Fracturing Necks and Skulls
Severe turbulence on an Air Europa flight to Uruguay from Spain on Monday injured more than two dozen passengers, officials said, leaving several with neck and skull fractures, in at least the second case of severe injuries from turbulence worldwide in less than a month. Flight UX045 made an emergency landing early Monday in the…
Boeing Agrees to Buy Spirit AeroSystems, a Longtime Supplier
Boeing said on Monday that it had agreed to buy a major supplier, Spirit AeroSystems, ending a nearly two-decade experiment in outsourcing production of major components of its commercial planes, including the body of the 737 Max and parts of the 767, 777 and 787. In buying Spirit, Boeing hopes to stem quality problems that…
Soma Golden Behr, Longtime Senior Editor at The Times, Dies at 84
Soma Golden Behr, a longtime senior editor at The New York Times who was a centrifuge of story ideas — they flew out of her in all directions — and whose journalistic passions were poverty, race and class, which led to reporting that won Pulitzer Prizes, died on Sunday in Manhattan. She was 84. Her…
Costner’s Costly ‘Horizon’ Bites Box Office Dust
“Inside Out 2,” starring a personified Anxiety, continued to resonate with moviegoers as the No. 1 film in North America for a third weekend. The dread-infused prequel “A Quiet Place: Day One” also struck a cultural nerve, arriving to stronger-than-expected ticket sales. But ticket buyers largely rebuffed Kevin Costner’s three-hour vanity project, “Horizon: An American…
Your Hologram Doctor Will See You Now
A patient walks into a hospital room, sits down and starts talking to a doctor. Only in this case, the doctor is a hologram. It might sound like science fiction, but it is the reality for some patients at Crescent Regional Hospital in Lancaster, Texas. In May, the hospital group began offering patients the ability…
How Does Bird Flu Spread in Cows? Experiment Yields Some ‘Good News.’
Ever since scientists discovered influenza infecting American cows earlier this year, they have been puzzling over how it spreads from one animal to another. An experiment carried out in Kansas and Germany has shed some light on the mystery. Scientists failed to find evidence that the virus can spread as a respiratory infection. Juergen Richt,…
How a Trump-Beating, #MeToo Legal Legend Lost Her Firm
Last fall, senior partners at Kaplan Hecker & Fink, a New York law firm known for championing liberal causes, made a fateful decision: They were going to sideline their hard-charging and crusading founder, Roberta A. Kaplan. The reign of one of the country’s most prominent lawyers was coming to an end. Ms. Kaplan was already…
Overlooked No More: Otto Lucas, ‘God in the Hat World’
This article is part of Overlooked, a series of obituaries about remarkable people whose deaths, beginning in 1851, went unreported in The Times. To many fashionable women in the mid-20th century, no hat was worth wearing unless it was made by Otto Lucas. A London-based milliner, Lucas designed chic turbans, berets and cloches, often made…
Boeing Sanctioned by NTSB Over Disclosures on 737 Max Investigation
Boeing drew fresh criticism from a federal regulator on Thursday over disclosures about the continuing investigation into a harrowing January flight during which one of the company’s 737 Max planes lost a panel, exposing passengers to howling winds at an altitude of about 16,000 feet. Addressing reporters at a company factory in Renton, Wash., Elizabeth…
Supreme Court Rejects Liability Shield at Center of Purdue Pharma Settlement
The Supreme Court ruled on Thursday that members of the wealthy Sackler family cannot be shielded from lawsuits over their role in the opioid crisis as part of a bankruptcy settlement that would channel billions of dollars to victims and their families. In a 5-to-4 decision, written by Justice Neil M. Gorsuch, a majority of…
Tips for Renting an E.V. for Your Summer Vacation
Are you curious about electric vehicles but not ready to buy one? Renting one can help you see what it’s like — and some car rental companies are offering discounts. But having a smooth electric vehicle experience, especially if you rent for vacation, requires a fair amount of planning because fast-charging stations, while more available…
Behind the Unrest in Kenya, a Staggering and Painful National Debt
The immediate trigger for the raging protest that gripped Kenya’s capital city on Tuesday was a raft of proposed tax increases — additional shillings that ordinary citizens would owe their government. The underlying cause, though, are the billions of dollars their government owes its creditors. Kenya has the fastest growing economy in Africa and a…
Volkswagen Will Invest Up to $5 Billion in EV Maker Rivian
Volkswagen, the German automaker, said on Tuesday that it would invest up to $5 billion in Rivian, a maker of electric trucks that has struggled to turn a profit, and that the companies would cooperate on software for electric vehicles. The deal creates an unusual alliance between the world’s second-largest carmaker and an electric vehicle…
How Pet Care Became a Big Business
Heather Massey brought Ladybird to the veterinarian when the 9-year-old mutt began having seizures. A scan from an M.R.I. machine revealed bad news: brain cancer. With the prognosis grim, Ms. Massey decided against further treatment at the animal hospital near her home in Athens, Ga., and Ladybird died four months later. The M.R.I. scan and…
Parts of Biden’s Student Loan Repayment Plan Blocked by Judges
Two federal judges in Kansas and Missouri temporarily blocked pieces of the Biden administration’s new student loan repayment plan on Monday in rulings that will have implications for millions of federal borrowers. Borrowers enrolled in the income-driven repayment plan, known as SAVE, are expected to continue to make payments. But those with undergraduate debt will…
Fire at Lithium Battery Plant in South Korea Kills at Least 22
A fire at a lithium battery factory near Seoul on Monday killed 22 workers, most of them migrant laborers from China, in one of the deadliest blazes in South Korea in years, officials said. Officials said that rescuers were still searching the building in Hwaseong, 28 miles south of Seoul, for one worker who had…
Anthony O’Reilly, Flashy Irish Tycoon Who Led Heinz, Is Dead at 88
Anthony J.F. O’Reilly, a charming, high-flying, Irish-born former chairman of the H.J. Heinz Company, who also owned newspapers, luxury brands and trophy homes in France and the Bahamas, only to lose nearly everything in his eighth decade, died on May 18 in Dublin. He was 88. The Irish Times and other Irish newspapers, citing a…
In Germany, a Tournament Runs Smoothly, but the Trains Do Not
Niclas Füllkrug arrived early at the Adidas campus just outside Herzogenaurach, a picture-postcard town in Bavaria that was to host the German national team before this summer’s European soccer championships. The staff had been told that players would start arriving on a Monday morning, a few days before their opening game. But Füllkrug, one of…
Germany Hopes to Head Off a Trade War With China
With billions of dollars in trade between China and the European Union at stake, Germany’s second-highest cabinet official called on Saturday for the two sides to engage in talks to try to resolve an escalating dispute over tariffs. Robert Habeck, who is Germany’s vice chancellor and minister for economic affairs and climate, said that he…
The Future of Netflix, Amazon and Other Streaming Services
When the media titans Brian Roberts, John Malone and Barry Diller cast off in early February on Mr. Diller’s 156-foot, two-masted yacht, named Arriva, the waters off the coast of Jupiter, Fla., were placid. The same could not be said for their sprawling entertainment businesses. The three men meet occasionally to discuss the state of…
Southwest Plane Begins Descent Too Early Over Oklahoma City
A Southwest Airlines plane descended prematurely on Wednesday over Oklahoma City, startling residents miles from the airport, before regaining altitude and then landing safely. After beginning a descent from 39,000 feet, the Boeing 737-800, flight No. 4069 from Las Vegas to Oklahoma City, was still nine miles short of the airport when it reached an…
260 McNuggets? McDonald’s Ends A.I. Drive-Through Tests Amid Errors
In the nearly three years since McDonald’s announced that it was partnering with IBM to develop a drive-through order taker powered by artificial intelligence, videos popped up on social media showing confused and frustrated customers trying to correct comically inaccurate meals. “Stop! Stop! Stop!” two friends screamed with humorous anguish on a TikTok video as…
Elon Musk Visits Cannes Lions to Woo Advertisers
Musk’s mission to Cannes As advertising moguls traveled to southern France this week for the Cannes Lions festival — an annual rosé-filled celebration of their industry — the biggest guest was someone who had crudely told many of them to get lost. Elon Musk and his top lieutenant, Linda Yaccarino, were on hand to persuade…
Bank of England Holds Rates Steady, Despite Slower Inflation
The Bank of England held interest rates on Thursday at their highest level since 2008 even as inflation in Britain slowed to 2 percent in May, an important milestone. Policymakers kept rates at 5.25 percent, where they have been for 10 months. The officials said that high rates were working and cooling the labor market,…
Inside a Writer’s First Ride on Tiana’s Bayou Adventure at Disney World
Times Insider explains who we are and what we do and delivers behind-the-scenes insights into how our journalism comes together. I suppose I qualify as a Disney Adult, the pejorative term for grown-ups who visit Disney theme parks without children in tow. Disney has 12 theme parks and two water parks around the world, and…
Akio Toyoda’s Support Among Toyota Investors Tumbles
Investor support for Toyota Motor’s longtime leader, Akio Toyoda, sank to its lowest level since he took the helm as shareholders challenged the extent of control he exerts over the company. According to a filing released on Wednesday, 71.9 percent of shareholders supported renominating Mr. Toyoda as chairman of Toyota’s board. That met the threshold…
California Moves to Modify Law Letting Workers Sue Employers
A last-minute political compromise has headed off an effort to repeal a California law allowing workers to sue employers for workplace violations — a legal tool that has cost companies billions of dollars. The compromise, announced on Tuesday by Gov. Gavin Newsom, followed meetings with business leaders and the powerful California Labor Federation over ways…
Coming to a City Near You: A Cricket Stadium?
Four years ago, after officials in Grand Prairie, Texas, were pitched an idea to turn the city’s underused minor league ballpark into a stadium for cricket, the city’s manager, Bill Hills, thumbed through a copy of “Cricket for Dummies.” Like most Americans, Mr. Hills was oblivious to cricket, although that is starting to change. Last…
F.A.A. Investigating How Questionable Titanium Got Into Boeing and Airbus Jets
Some recently manufactured Boeing and Airbus jets have components made from titanium that was sold using fake documentation verifying the material’s authenticity, according to a supplier for the plane makers, raising concerns about the structural integrity of those airliners. The falsified documents are being investigated by Spirit AeroSystems, which supplies fuselages for Boeing and wings…
Why the Stock Market Has Risen Even With No Fed Rate Cuts
The Federal Reserve has disappointed investors this year, but no matter. The markets have adjusted. Even without any interest rate cuts so far in 2024 — and with the likelihood of just one meager rate reduction by the end of the year — the stock market has been purring along. That’s quite an achievement, given…
Courting C.E.O.s, Trump Says He Intends to Cut Corporate Taxes Again
Former President Donald J. Trump told a group of America’s most powerful chief executives on Thursday that he intended to cut the corporate tax rate to 20 percent from 21 percent, according to three people who attended the meeting and who spoke on the condition of anonymity because the ground rules stipulated the meeting was…
HBO Could Use a Hit and ‘House of the Dragon’ Could be the Answer
The dragons are back. And not a moment too soon. On Sunday, “House of the Dragon,” the “Game of Thrones” prequel series, will return to HBO for its second season. The show became a bona fide hit in its first season, in 2022, and helped kick off a torrid winning streak for the network that…
Sony Pictures Acquires Alamo Drafthouse in Lifeline to Cinema Chain
Sony Pictures Entertainment is acquiring Alamo Drafthouse Cinema and will manage the theater chain’s 35 cinemas, marking the first time in more than half a century that a traditional Hollywood studio has gotten into the theater business. The deal, announced Wednesday, was made possible by the Justice Department’s decision in 2020 to rescind the so-called…
CPI Data Will Arrive Just Before the Fed Meets. Will It Be a Game Changer?
Federal Reserve officials insist that they are “data dependent” as they craft interest rate policy. This month, the data they depend on is coming at the last possible moment. America’s latest inflation reading — the Consumer Price Index report for May — will come out at 8:30 a.m. on Wednesday, just hours before the Fed…
Can Apple Rescue the Vision Pro?
I don’t mind the headset itself, although, as many reviewers have pointed out, it’s too heavy to be worn comfortably for long stretches. (My longest Vision Pro session was three hours, and I felt slightly hung over afterward.) But there are plenty of other annoying hardware issues. Carrying around an external battery pack is a…
First Came ‘Spam.’ Now, With A.I., We’ve Got ‘Slop’
You may not know exactly what “slop” means in relation to artificial intelligence. But on some level you probably do. Slop, at least in the fast-moving world of online message boards, is a broad term that has developed some traction in reference to shoddy or unwanted A.I. content in social media, art, books and, increasingly,…
Apple Intelligence Revealed at WWDC 2024 as Company Jumps Into AI Race
Nearly two years after OpenAI ignited a race to add generative artificial intelligence into products, Apple jumped into the competition on Monday, with plans to bring the technology to more than a billion iPhone users around the world. Early into a two-hour presentation from its futuristic Silicon Valley campus, Apple revealed that it would be…
Destinations Where the Dollar Buys More
It’s the backpacker’s call to India, the sunseeker’s attraction to Mexico, and the digital nomad’s drive to get to Thailand: Go where the dollar buys more. The evergreen budget travel strategy is getting a boost this summer: The dollar has surged against a number of foreign currencies, including the Japanese yen, thanks to high interest…
Tesla Shareholders Will Vote on Elon Musk’s Big Payday. What Happens Then?
After months of fighting over a pay package promised to Elon Musk six years ago — one that included stock grants now worth about $56 billion — matters are finally coming to a head. At Tesla’s annual meeting on Thursday, shareholders are set to vote on whether to reapprove the compensation deal after a Delaware…
T.D. Allman, Globe-Trotting Journalist With a Pointed View, Dies at 79
T.D. Allman, a free-spirited journalist who challenged American mythmaking in pointed, personal reporting over five decades on topics as varied as the Vietnam War and contemporary Florida, died on May 12 in Manhattan. He was 79. His death, in a hospital, was caused by pneumonia, his partner, Chengzhong Sui, said. In March 1970, as a…
See Photos From Inside the 2024 Belmont Stakes
Summer at the Spa — a ritual nearly 200 years strong — started early in Saratoga Springs, N.Y., with the third leg of the Triple Crown, the Belmont Stakes, being held on Saturday for the first time at Saratoga Race Course, a revered relic where the elite and otherwise mingle, but the horses rule. Broadway,…
Regulators Take on Nvidia, Microsoft and OpenAI
An A.I. antitrust fight is coming Nvidia has joined the $3 trillion valuation club as a blistering A.I. rally has turned it into the world’s second-most valuable company behind Microsoft. Both companies are at the center of the artificial intelligence boom that has lifted the wider S&P 500 — and both have attracted regulatory scrutiny…
Alex Jones Seeks to Liquidate His Assets to Pay Damages to Sandy Hook Families
The Infowars conspiracy theorist Alex Jones is seeking permission from a bankruptcy court to liquidate his personal assets and deliver the proceeds to the Sandy Hook families who are owed more than $1.4 billion in damages for his lies about the 2012 school shooting. Mr. Jones also filed a separate bankruptcy for his company, Free…
China’s Exports Surge as Trade Tensions Near Boiling Point
China’s exports rose in May at the quickest pace in more than a year, the government said on Friday, as a flood of appliances, cars and electronics poured out of factories and the prospect of a global backlash grew. The value of China’s exports climbed 7.6 percent compared with May 2023, even as the prices…
Boeing’s Starliner Overcomes Malfunctioning Thrusters to Dock at Space Station
There were glitches with its propulsion system, but Boeing’s Starliner spacecraft and the two NASA astronauts it carried successfully docked at the International Space Station on Thursday afternoon. The docking, at 1:34 p.m. Eastern time, was more than an hour later than planned, after the troubleshooting of several malfunctioning thrusters. Starliner’s arrival came one day…
Europe’s Fed Problem – The New York Times
The Fed’s shadow over the E.C.B. Thursday is a big day for the European Central Bank. It is widely expected to lower interest rates by a quarter percentage point, its first cut since 2019 — and outpace the Fed in lowering borrowing costs. Investors will watch to see how that would influence monetary policy beyond…
What Is MDMA Therapy for PTSD? And What Are Its Risks?
The Food and Drug Administration is weighing whether to approve the use of MDMA, also known as Ecstasy, for treatment of post-traumatic stress disorder. An independent advisory panel of experts reviewed studies on June 4, and decided against endorsing the treatment. Lykos Therapeutics submitted evidence from clinical trials in an effort to obtain agency approval…
E.C.B. Is Likely to Leapfrog the Fed on Interest Rate Cuts
European Central Bank officials are expected to cut interest rates this week for the first time in more than five years, drawing a line under the worst of the eurozone’s inflation crisis and easing the pressure on the region’s weak economy. But as policymakers in the eurozone move ahead, they leave behind their counterparts at…
G/O Media Sells Gizmodo to Keleops Media
The tech website Gizmodo has been sold to a European media company, the latest brand from the publisher G/O Media to go out the door. The buyer is Keleops Media, Jim Spanfeller, G/O Media’s chief executive, told the staff in an email on Tuesday. Mr. Spanfeller did not disclose the financial details of the sale,…
A Reporter Whose Beat Blends Sports and Culture
Times Insider explains who we are and what we do and delivers behind-the-scenes insights into how our journalism comes together. When Emmanuel Morgan was hired as a sports reporter covering the N.F.L. and combat sports for The New York Times in 2021, the job felt familiar. After all, Mr. Morgan, who grew up playing football,…
Feeling Consumers’ Pain, Retailers Bring Back Discounts
The pandemic shopping boom led many stores and brands to widen profit margins by charging more. Now value is the watchword as shoppers grow choosier.
Jon Stewart and Rachel Maddow Are Luring Liberals Back to cable TV
Liberal TV viewers have a new mantra: T.G.I.M.! Monday nights have suddenly broken out in the Nielsen ratings — and in national relevance — thanks to a rare confluence: two TV superstars of the political left who have limited their regularly scheduled broadcasts to that one evening. Jon Stewart, the “Daily Show” host and guiding…
OPEC Plans a Gradual Unwinding of Production Cuts
When officials from major oil-producing countries met on Sunday, they had a tricky task before them: To reassure shaky markets that they would continue to restrain oil supplies. The group known as OPEC Plus, which is led by Saudi Arabia and includes Russia, also wanted to offer some hope to discontented producers like the United…
FDA Reviews MDMA Therapy for PTSD, Citing Health Risks and Study Flaws
The Food and Drug Administration on Friday raised concerns about the health effects of MDMA as a treatment for post-traumatic stress disorder, citing flaws in a company’s studies that could pose major obstacles to approval of a treatment anticipated to help people struggling with the condition. The agency said that bias had seeped into the…
Notre-Dame Rises Again … in Lego
Arnaud Gaudillat, a history teacher in France, recalled bursting into tears as he watched television coverage of flames tearing through the Cathedral of Notre-Dame in 2019. “We couldn’t do anything but just watch it burn,” he said. Now, five years later, as hundreds of architects, engineers and metalworkers race to finish rebuilding the cathedral’s roof…
Borussia Dortmund Deal with Weapons Maker Rheinmetall Stirs Debate in Germany
Borussia Dortmund, one of Germany’s most successful soccer clubs, is rooted in the industrial Ruhr region and prides itself on retaining its working-class roots, community engagement and anti-establishment mentality. That’s why, in the week before one of the biggest games in the club’s history, some Dortmund fans are angry about a sponsorship deal with Rheinmetall,…
Trump Media Stock Swings After Conviction
For former President Donald J. Trump, bad news can often be good because it rallies his most loyal supporters to his side. The same holds for many investors in Trump Media & Technology Group, the social media company in which he is the largest shareholder. On Friday, shares of the parent company of Truth Social…
Wall Street Lands on India, Looking for Profits It Can’t Find in China
Mumbai, India’s financial capital, has seen a lot of new faces over the past year. The heads of global banks have been trooping through, visiting its stock exchanges, buying property and hiring new staff. A postpandemic boom has pushed the value of India’s stock market to about $5 trillion, putting it neck and neck with…
Medline Recalls 1.5 Million Adult Bed Rails After 2 Deaths
Medline Industries, a medical supply company, is recalling about 1.5 million portable adult bed rails in the United States and Canada after two reported deaths involving the product, federal safety regulators said. The U.S. Consumer Product Safety Commission said on Thursday that users of the Medline Bed Assist Bar can become entrapped within the bed…
Singapore Airlines Flight Fell 178 Feet in Under 5 Seconds
The severe turbulence that killed one passenger and injured dozens on a recent Singapore Airlines flight led to sudden changes in altitude and airspeed, Singapore’s Transport Ministry said on Wednesday. Flight SQ321 encountered turbulence about 10 hours into a 13-hour trip to Singapore from London last week, officials said. Many of the 211 passengers had…
ConocoPhillips to Acquire Marathon Oil in $22.5 Billion All-Stock Deal
ConocoPhillips agreed on Wednesday to acquire its smaller rival, Marathon Oil, the latest deal in a wave of consolidation sweeping the oil industry. The burst of mergers and acquisitions has tracked a robust recovery in commodity prices, with the major players emboldened by record profits and high share prices. Conoco’s all-stock deal values Marathon at…
As Interest in Clean Energy Grows, Saudi Arabia Eyes a Future Beyond Oil
At a two-hour drive from Riyadh, Saudi Arabia’s capital, rows of solar panels extend to the horizon like waves on an ocean. Despite having almost limitless reserves of oil, the kingdom is embracing solar and wind power, partly in an effort to retain a leading position in the energy industry, which is vitally important to…
Charles Barkley Has Thoughts on the Future of ‘Inside the NBA’
The future of “Inside the NBA” was already a sensitive topic when Charles Barkley stepped into an elevator after Game 3 of the Western Conference finals late Friday night. Barkley’s on-air candor as an analyst is a key reason that the studio show has become so influential and beloved among basketball fans and around the…
London Moves to Revive Its Reputation as a Financial Hub
Shein, the online retail giant founded in China, had grand ambitions to go public in New York. But as relations between Washington and Beijing soured, the ultrafast fashion company began taking a closer look at a backup plan across the Atlantic. The company is now focusing more on the London Stock Exchange for its initial…
Elon Musk’s xAI Raises $6 Billion
Elon Musk’s artificial intelligence company, xAI, said on Sunday that it had raised $6 billion, helping to close the funding gap with OpenAI, Anthropic and other rivals in the red-hot industry. The funds would be used “to take xAI’s first products to market, build advanced infrastructure and accelerate the research and development of future technologies,”…
‘Furiosa’ Is a Memorial Day Weekend Box Office Dud
“Moviegoers do not want prequel origin stories,” where significant franchise characters are “portrayed not by the actor who originated and defined them, but by a younger, less-famous performer,” Scott Mendelson, a box office analyst who publishes a subscription newsletter, wrote on Saturday. “Furiosa,” directed by George Miller and co-starring Chris Hemsworth, may have been released…
Foster Children Fight to Stop States From Taking Federal Benefits
James Wood’s mother struggled with addiction, and he often found himself adrift, not knowing what day or month it was. “I didn’t understand how time worked,” he said. When James was 14, his mother died of pneumonia, and he entered California’s foster care system. As a minor with a deceased parent and a disability, James…
Shaquille O’Neal’s Plan to Bring Back Reebok Basketball
“Now,” Mr. O’Neal said, “it’s bloggers, emcees, athletes, designers.” At the N.B.A.’s All-Star weekend in February, as Mr. O’Neal and Mr. Iverson made the rounds wearing Reebok varsity jackets that were personalized with their respective titles, Reebok released an N.B.A.-themed collaboration with Victor Solomon, the Los Angeles artist. (The jackets were Mr. O’Neal’s idea.) Star…
Russia Is Increasingly Blocking Ukraine’s Starlink Service
Just before Russian troops pushed across the Ukrainian northern border this month, members of Ukraine’s 92nd Assault Brigade lost a vital resource. Starlink satellite internet service, which soldiers use to communicate, collect intelligence and conduct drone attacks, had slowed to a crawl. Operated by Elon Musk’s SpaceX, Starlink has been critical to the Ukrainian military…
Who’d Want to Give a Commencement Speech Anymore?
Tim Cook has delivered at least seven commencement addresses since becoming the chief executive of Apple. The superstar Taylor Swift, whose concerts have been credited with lifting local economies, addressed New York University’s graduation ceremony in 2022. Bill Gates, Oprah Winfrey, Jamie Dimon — they’ve all given graduation speeches more than once. They’re obviously not…
Are These Drones Too Chinese to Pass U.S. Muster in an Anti-China Moment?
A one-man startup believes it has an answer to U.S. government concerns over the Chinese-made drones that dominate commercial sales in the American market. Anzu Robotics’s chief executive and founding partners are all American, and the company’s headquarters is in Texas. The company’s drones, which are expected to be used by law enforcement agencies, utilities,…
China Has a Plan for Its Housing Crisis. Here’s Why It’s Not Enough.
China has a housing problem. A very big one. It has nearly four million apartments that no one wants to buy, a combined expanse of unwanted living space roughly the area of Philadelphia. Xi Jinping, the country’s leader, and his deputies have called on the government to buy them. The plan, announced last week, is…
Norfolk Southern to Pay $310 Million Settlement Over Ohio Train Derailment
Norfolk Southern has agreed to pay more than $310 million to settle claims and cover costs stemming from the February 2023 derailment of a freight train carrying hazardous materials in an Ohio town, the federal government said on Thursday. The Department of Justice and the Environmental Protection Agency said the settlement, which still needs to…
A Second Dairy Worker Has Contracted Bird Flu, C.D.C. Reports
A farmworker in Michigan has been diagnosed with bird flu, state officials announced on Wednesday, making it the second human case associated with the outbreak in cows. Officials said that the individual became infected with the virus, called H5N1, after exposure to infected livestock. The individual had only mild symptoms and has fully recovered, officials…
C. Gordon Bell, Creator of a Personal Computer Prototype, Dies at 89
C. Gordon Bell, a technology visionary whose computer designs for Digital Equipment Corporation fueled the emergence of the minicomputer industry in the 1960s, died on Friday at his home in Coronado, Calif. He was 89. The cause was pneumonia, his family said in a statement. Called the “Frank Lloyd Wright of computers” by Datamation magazine,…
U.K. Inflation Falls to 2.3 Percent, Lowest in Three Years
Britain’s inflation rate slowed last month to its lowest level in about three years, approaching the Bank of England’s 2 percent target. Consumer prices rose 2.3 percent in April from a year earlier, down from 3.2 percent in March, the Office for National Statistics said on Wednesday. The rate, which declined slightly less than economists…
Donald Trump’s Wealth Now Hinges on Trump Media
At Mar-a-Lago on a Wednesday evening last month, Donald J. Trump mingled with partygoers, greeting his supporters and making small talk. The country star Lee Greenwood sang “God Bless the U.S.A.,” and the former president’s oldest son, Donald Jr., gave a speech. The elder Mr. Trump was presiding over a cocktail reception for about 150…
Scarlett Johansson Said No, but OpenAI’s Virtual Assistant Sounds Just Like Her
Days before OpenAI demonstrated its new, flirty voice assistant last week, the actress Scarlett Johansson said, Sam Altman, the company’s chief executive, called her agent and asked that she consider licensing her voice for a virtual assistant. It was his second request to the actress in the past year, Ms. Johannson said in a statement…
Red Lobster, an American Seafood Institution, Files for Bankruptcy
Versatile and resilient, the lobster survives by molting, shedding its skin and growing into a new, bigger shell. But eventually, energy runs low and the transformation becomes more difficult. Red Lobster, one of America’s best-known shellfish ambassadors, has reached this stage in its life cycle: The once-ubiquitous restaurant chain filed for Chapter 11 bankruptcy protection…
Chinese Firms Face Authoritarianism at Home and Hostility Abroad
One April afternoon in 2018, Zhang Yiming, the founder of the Beijing-based online media company ByteDance, got a notice from Chinese regulators to shut down an app where people shared jokes and silly videos. He followed orders and expressed his deep remorse in a public apology. “I feel regretful because I have let down the…
Disneyland Character Workers at California Park Vote to Unionize
A majority of Disneyland cast members who perform as characters such as Mickey and Minnie Mouse and dance in parades at the amusement park, in California, voted to unionize with the Actors’ Equity Association on Saturday, the union said. The Actors’ Equity Association, the national labor union that represents more than 51,000 professional actors and…
How Lowriders Put a Vivid Stamp on New York City’s Car Scene
Growing up in Mexico, Marco Flores fantasized about the lowrider cars he saw in magazines, studying their colorful bodies and gleaming engine compartments. He adored his father’s Chevrolet Chevelle, too. In a tribute, Mr. Flores eventually restored a Chevelle in electric blue — the same muscle car his father had owned — with the help…
Why TikTok Users Are Blocking Celebrities
As protests over the war in Gaza unfolded blocks away, last week’s Met Gala was largely devoid of political statements on the red carpet. That the organizers of fashion’s most powerful annual spectacle (one for which tickets cost $75,000 this year) achieved this proved surprising to many observers. Less than two weeks later, though, a…
Biden’s China Tariffs Are the End of an Era for Cheap Chinese Goods
For the first two decades of the 21st century, many consumer products on America’s store shelves got less expensive. A wave of imports from China and other emerging economies helped push down the cost of video games, T-shirts, dining tables, home appliances and more. Those imports drove some American factories out of business, and they…
As the 2024 Race Heats Up, Betting Is Growing for Everything but Elections
I can’t watch a basketball game on TV without seeing ads urging me to place a bet on one app or another. I can’t walk down the street in New York City without seeing ads about the latest lottery jackpot. And when I sit at my desk in the office, I spend hours studying another…
Taiwan, on China’s Doorstep, Is Dealing With TikTok Its Own Way
As it is in the United States, TikTok is popular in Taiwan, used by a quarter of the island’s 23 million residents. People post videos of themselves shopping for trendy clothes, dressing up as video game characters and playing pranks on their roommates. Influencers share their choreographed dances and debate whether the sticky rice dumplings…
Teen Who Ate Spicy ‘One Chip Challenge’ Product Died of Cardiopulmonary Arrest
A 14-year-old whose family said he had eaten a chip made with two of the hottest peppers in the world died of cardiopulmonary arrest, according to a medical examiner’s report released on Thursday, which noted that he had eaten a spicy substance and had a heart condition. The report found that the teenager, Harris Wolobah…
Incident at TSMC’s Semiconductor Plant in Arizona Injures One
The driver of a waste disposal truck was rushed to a hospital on Wednesday following an incident at the Phoenix campus of the Taiwanese chip giant Taiwan Semiconductor Manufacturing Company, which is under construction. Local media reported that an explosion had occurred that, the company said in a statement, did not damage the facility. The…
Trump Media Stock Rally Pushes Value of Trump’s Stake to $6 Billion
Shares of former President Donald J. Trump’s social media company have been on a wild ride since making their debut on Wall Street in March: soaring, crashing and then climbing again. The rally has pushed the value of Mr. Trump’s majority stake in the company to some $6 billion, a major windfall as he ramps…
YouTube Blocks ‘Glory to Hong Kong’ in the City
YouTube said on Tuesday that it would comply with a court order to block users in Hong Kong from viewing a popular democracy anthem, raising concerns about free speech and highlighting the increasing fraught environment for tech companies operating in the Chinese territory. Last week, a Hong Kong court granted a government request to ban…
Under Fire for ‘Toxic’ Work Culture, Bank Regulator Apologizes Again
Just days after the release of a scathing report detailing a culture of widespread sexual harassment and discrimination at the Federal Deposit Insurance Corporation, its chair, Martin Gruenberg submitted congressional testimony on Tuesday that indicated he had no plans to step down. In prepared remarks he plans to deliver to the House Financial Services Committee…
High Interest Rates Are Hitting Poorer Americans the Hardest
High interest rates haven’t crashed the financial system, set off a wave of bankruptcies or caused the recession that many economists feared. But for millions of low- and moderate-income families, high rates are taking a toll. More Americans are falling behind on payments on credit card and auto loans, even as many are taking on…
GameStop Stock Soars as Roaring Kitty Returns to Social Media
GameStop’s share price skyrocketed on Monday after the man who became the face of “meme stock” mania in 2021 with his enthusiastic promotion of the struggling video game retailer emerged from a three-year hiatus. On Sunday evening, Keith Gill, the trader known on some social media platforms as Roaring Kitty, posted an illustration of a…
China’s Bullet Trains Are Raising Ticket Prices
China is taking the rare step of sharply increasing fares for riders on four major bullet train lines, in its broadest move to address rising costs and heavy debts since construction of the system began nearly two decades ago. The higher prices for train tickets are part of a push to raise prices for public…
Ilon Specht, Who Empowered Women With ‘I’m Worth It’ Ad, Dies at 81
Ilon Specht, who rebelled against her patriarchal male colleagues at an advertising agency by writing a successful television commercial for L’Oréal’s Preference hair color product including a message of feminist empowerment that has endured for decades, died on April 20 at her son’s home in Barrington, R.I., near Providence. She was 81. Her son, Brady…
The Controversy Over K-pop Band NewJeans
The video had none of the hallmarks of K-pop. No catchy tune, no snazzy outfits, no slick dance routines. Definitely no stars. It was set in an unremarkable auditorium with plain white tables and a large projector screen. But it included screenshots of chats between two power players in the industry and instantly became the…
Farewell, Chuck E. Cheese Animatronic Band
For decades, Munch’s Make Believe Band at Chuck E. Cheese has performed for countless birthdays, end-of-season Little League parties and other celebrations. There’s been Chuck E. Cheese and Helen Henny on vocals, Mr. Munch on keys, Jasper T. Jowls on guitar, and Pasqually on drums. The band of robot puppets has been a mainstay at…
Judge Blocks New U.S. Rule Limiting Credit Card Late Fees
In March, the Consumer Financial Protection Bureau announced that a new federal rule would cap fees on late credit card payments at $8 a month, estimating that the change would save American households $10 billion a year. On Friday, a federal judge in Fort Worth temporarily blocked the rule, siding with bank and credit card…
Jim Simons, Math Genius Who Conquered Wall Street, Dies at 86
Jim Simons, the prizewinning mathematician who abandoned a stellar academic career, then plunged into finance — a world he knew nothing about — and became one of the most successful Wall Street investors ever, died on Friday in his home in Manhattan. He was 86. His death was confirmed by his spokesman, Jonathan Gasthalter, who…
Britain Shakes Off Recession as Economy Grows Faster Than Expected
Britain’s economy is still a ‘mixed’ picture. In the first three months of the year, economic growth was driven by the services sector, which expanded for the first time in a year, statistics agency said. Transport services, legal services and scientific research all grew strongly, but services that include hotels and restaurants fell slightly, and…
Financier Found Guilty in Trump Media Insider Trading Trial
A federal jury in Manhattan on Thursday convicted a financial executive on securities fraud charges arising from a multimillion-dollar insider trading scheme that involved the merger of former President Donald J. Trump’s social media company with a publicly traded shell company. Federal prosecutors had charged Bruce Garelick with five counts of securities fraud and conspiracy.…
Milan Cracks Down on Nightlife After Campaign to Lure Visitors
Packed bars with carousing revelers spilling onto clogged streets. Takeaway booze swigged by drunken tourists and students. Earsplitting volumes in once quiet residential neighborhoods long after midnight. When Milan’s authorities embarked years ago on plans to promote the city as a buzzy destination by building on its reputation as Italy’s hip fashion and design capital,…
Uber Earnings Disappoint Amid High Legal Bills, Weak Rider Demand
Uber reported earnings on Wednesday that disappointed investors, as mounting legal bills and weaker ride demand in some parts of the world led to a shortfall compared with analysts’ forecasts. Uber recently settled a lawsuit brought by Australian taxi drivers and is facing a new one from cabdrivers in London. Some regulators have also challenged…
FTX Customers Poised to Recover All Funds Lost in Collapse
Customers of the failed cryptocurrency exchange FTX are poised to recover all of the money they lost when the firm collapsed in 2022 and receive interest on top of it, the company’s bankruptcy lawyers said on Tuesday. The announcement was a landmark in the attempt to recover the $8 billion in customer assets that disappeared…
Senators Seek to Curb Facial Recognition at Airports, Citing Privacy Concerns
A bipartisan group of senators is pushing to halt the expansion of facial recognition technology at airports in the United States and restrict its use as part of the Federal Aviation Administration reauthorization bill that is making its way through Congress. Citing privacy concerns, Senators Jeff Merkley, Democrat of Oregon, and John Kennedy, Republican of…
Tensions Rise in Silicon Valley Over Sales of Start-Up Stocks
Sohail Prasad, an entrepreneur, launched a fund in March called the Destiny Tech100. The fund owns shares in hot tech start-ups like the payments firm Stripe, the rocket maker SpaceX and the artificial intelligence company OpenAI. Few people get the chance to invest in these privately held companies since their shares are not openly traded.…
Sign Up for Your Money’s Financial Boot Camp for 20-Somethings
It’s graduation season, which is a good time for people in their early 20s to start thinking about how to get a better handle on their finances. How do you balance paying off student debt with saving for the future? Should you move back in with your parents to save on rent? What’s the best…
In China, Ruled by Men, Women Quietly Find a Powerful Voice
In bars tucked away in alleys and at salons and bookstores around Shanghai, women are debating their place in a country where men make the laws. Some wore wedding gowns to take public vows of commitment to themselves. Others gathered to watch films made by women about women. The bookish flocked to female bookshops to…
‘Fall Guy’ Movie Opens With Just $28 Million in Ticket Sales
“The Fall Guy” seemed to have everything. Megawatt stars. Death-defying stunts. Splendid reviews. An original story — what sequel-weary moviegoers say they want. Universal backed “The Fall Guy” with a six-month marketing campaign, releasing trailers that racked up 400 million views and carpet-bombing televised sporting events, including the Super Bowl, with ads. It added up…
China Is Buying Gold, Sending Prices to Record Highs
As gold surged this year to its highest price ever, Xena Lin joined the frenzy by making monthly purchases of gold “beans,” pebble-like morsels of the precious metal. For Ms. Lin, a 25-year-old administrative worker in southern China, the $80 beans — small enough to rest on a fingertip and weighing about one-thirtieth of an…
Are there any restrictions on towing items behind the boat charter in Mallorca?
boat charter in Mallorca A boat charter is an ideal way to explore the island of Mallorca in comfort. The numerous yacht charter companies based on the island offer sailing boats, motor yachts and catamarans of all shapes and sizes. You can rent your boat charter in Mallorca for a day, a week or even…
Investor’s Lawsuit Accuses 777 Partners of $600 Million Fraud
The American investment firm 777 Partners, whose bid to buy the English Premier League soccer team Everton has been on hold for months amid doubts about the company’s finances, was accused by one of its lenders on Friday of running a yearslong fraud scheme worth hundreds of millions of dollars. The accusation came in a…
When a Bunch of Bloody Yanks Came for English Soccer
Edens isn’t daunted. Over dinner one night, he told me about a hotel that he recently built in Jackson Hole, Wyo. The project included a club where members could store skis and have their cars parked by valets. Everyone, including partners, told him it wouldn’t work. “A lot of the locals said, ‘That’s not Jackson…
Oil Companies Expand Offshore Drilling, Pointing to Energy Needs
About 80 miles southeast of Louisiana’s coast, 100,000 metric tons of steel floats in the Gulf of Mexico, an emblem of the hopes of oil and gas companies. This hulk of metal, a deepwater platform called Appomattox and owned by Shell, collects the oil and gas that rigs tap from reservoirs thousands of feet below…
Edward Dwight, Once Picked to Be the First Black Astronaut in Space, Aims for Space at Last
Edward Dwight is going to space, finally. In the coming weeks, as conditions allow, Mr. Dwight is expected to be part of a six-person crew heading into space on the latest mission of Blue Origin, the space company founded by Jeff Bezos. Blue Origin’s seventh human flight will carry an array of adventurers including a…
The Fed Is Eyeing the Job Market, but It’s Difficult to Read
The Federal Reserve spent much of 2022 and 2023 narrowly focusing on inflation as policymakers set interest rates: Prices were rising way too fast, so they became the central bank’s top priority. But now that inflation has cooled, officials are more clearly factoring the job market into their decisions again. One potential challenge? It’s a…
Johnson & Johnson Proposes $6.5 Billion in New Talc Settlement Offer
Johnson & Johnson said on Wednesday that it would ask tens of thousands of people suing the company over claims that its talcum powder products caused their cancer to approve a new $6.5 billion settlement, its third attempt to resolve the lawsuits. The proposal would settle nearly all current and future claims that its talcum…
NASCAR and Its Race Teams Fight Over the Sport’s Future
When Michael Jordan and his right-hand man, Curtis Polk, bought a NASCAR team in 2020 with the driver Denny Hamlin, they were prepared to endure short-term losses. Drivers, mechanics and a sales staff had to be hired. The Next Generation cars that were introduced in 2022 would cost top teams about $18 million a year…
Europe’s Economic Laggards Have Become Its Leaders
Something extraordinary is happening to the European economy: Southern nations that nearly broke up the euro currency bloc during the financial crisis in 2012 are growing faster than Germany and other big countries that have long served as the region’s growth engines. The dynamic is bolstering the economic health of the region and keeping the…
Meta Faces EU Investigation Over Election Disinformation
Meta, the American tech giant, is being investigated by European Union regulators for the spread of disinformation on its platforms Facebook and Instagram, poor oversight of deceptive advertisements and potential failure to protect the integrity of elections. On Tuesday, European Union officials said Meta does not appear to have sufficient safeguards in place to combat…
Hydrogen Offers Germany a Chance to Take a Lead in Green Energy
In the city of Duisburg in Germany’s industrial heartland is a vast steel complex that is one of Europe’s largest polluters. But alongside the mill’s furnaces and smelters, technicians have developed a machine that could soon play a vital role in reducing greenhouse gas emissions. By using electricity to split water into its two elements,…
Skydance Offers Paramount a Deal Sweetener: A $3 Billion Cash Infusion
With the fate of Paramount hanging in the balance, its leading suitor has just upped the ante. Skydance, which has been in talks to merge with Paramount for months, in recent days offered to provide the combined company with a $3 billion cash infusion that it can use to pay down debt and buy back…
He Paid $13 for $13,000 Cartier Earrings, and Then the Jeweler Noticed
Rogelio Villarreal knew nothing about the French jeweler Cartier, he said, when an ad popped up on his Instagram feed last December. He clicked on it, perusing the pages of bling and other luxury items, including handbags, watches and necklaces, each listed for thousands of dollars. Then Mr. Villarreal, who lives in Mexico, noticed a…
Even With Gaza Under Siege, Some Are Imagining Its Reconstruction
On a December morning in central London, more than two dozen people drawn from influential institutions across the Middle East, Europe and the United States gathered in a conference room to pursue an aspiration that, at that moment, verged on preposterous. They were there to plan for the reconstruction and long-term economic development of Gaza.…
How to Handle Your Finances as a Young Widow or Widower
It was April 10, 2018, and Colin Brougham hadn’t sent his usual text to his wife that he was biking home. Instead, he lay dead a few blocks away after a commuter train struck him. “I knew he was dead before I knew he was dead,” recalled Rachel Brougham, his widow. “My son and I…
What Would Jesus Do? Tackle the Housing Crisis, Say Some Congregations.
Walking past empty pews and stained-glass windows, the Rev. Victor Cyrus-Franklin, pastor of Inglewood First United Methodist Church in Inglewood, Calif., talked about how housing prices were threatening his flock. Congregants were being priced out of the neighborhood, he said. Many of those who remained were too burdened by rent to give to the church.…
How Pastor Chad Nedohin Helped Turn Trump Media Into a Meme Stock
One afternoon last month, Chad Nedohin, a part-time pastor and die-hard supporter of Donald J. Trump, put on a pirate costume, set up his microphone and recited a prayer. Mr. Nedohin was opening his latest livestream on the right-wing video site Rumble, where he has about 1,400 followers who share a devotion to Trump Media…
Xi and Blinken Trade Small Nods Over a Large Gap
The areas where the United States and China can work together seem to be shrinking fast, and the risks of confrontation are growing. But it was clear on Friday that both countries are trying to salvage what they can. Preserving some semblance of cooperation — and the difficulty of doing so — was at the…
What Is a ‘Decent Wage’? France’s Michelin Raises a Debate.
When the French tire maker Michelin closed its factories during the coronavirus pandemic, Florent Menegaux, the company’s chief executive, took stock of the closures’ impact on employees worldwide. Thousands of workers in Asia, Europe and the United States at the lower end of the company’s pay scales could barely get by, an independent review showed.…
Divestment From Israel Is a Rallying Cry for College Protesters
Universities have so far rebuffed exhortations to divest. Defenders of Israel say these calls are unfair to a country that is under threat of attack, and antisemitic because they target the only Jewish-majority nation in the world. That’s a long-running accusation against the “boycott, divestment, sanctions” movement targeting the country. But the pro-Palestinian activists, many…
Antony Blinken Visits China – The New York Times
Secretary of State Antony J. Blinken cheered on the sidelines at a basketball game in Shanghai on Wednesday night, and spent Thursday chatting with students at New York University’s Shanghai campus and meeting American business owners. It all went to emphasize the kind of economic, educational and cultural ties that the United States is pointedly…
Inside the Crisis at NPR
Listeners are tuning out. Sponsorship revenue has dipped. A diversity push has generated internal turmoil. Can America’s public radio network turn things around?
Nina Jankowicz Forms New Group to Defend Disinformation Research
Two years ago, Nina Jankowicz briefly led an agency at the Department of Homeland Security created to fight disinformation — the establishment of which provoked a political and legal battle over the government’s role in policing lies and other harmful content online that continues to reverberate. Now she has re-entered the fray with a new…
The Way Advisers Handle Your Retirement Money Is About to Change
When you walk into a financial adviser’s office, you expect them to put your best interests above all else — in the same way a doctor would, rather than, say, a car salesman. But many people don’t realize that the rules financial professionals must follow vary, depending on where they work and what products they’re…
Slide Over, Auntie: Young Chinese Find Tasty Meals in Senior Canteens
Inside a canteen for seniors in downtown Shanghai, a worker brandishing a sponge inched closer to Maggie Xu, 29, as she was finishing her rice and garlic-and-oil-soaked broccoli. Ms. Xu ignored her. “If you come at 12 o’clock, the aunties will give you less food,” Ms. Xu said, speaking softly. After 1:30 p.m., they give…
Bird Flu Is Infecting More Mammals. What Does That Mean for Us?
In her three decades of working with elephant seals, Dr. Marcela Uhart had never seen anything like the scene on the beaches of Argentina’s Valdés Peninsula last October. It was peak breeding season; the beach should have been teeming with harems of fertile females and enormous males battling one another for dominance. Instead, it was…
China’s Pinduoduo Has Reshaped Discount Shopping
When Pinduoduo, the Chinese discount shopping app, debuted nearly a decade ago, the tech giants Alibaba and JD.com dominated China’s e-commerce business. Pinduoduo felt more like a gimmick than a future rival. It was a combination of a game arcade, a shopping mall and a social network. Its main selling point was lower prices for…