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Showing posts from April, 2023

Jerry Mander, Adman for Radical Causes, Dies at 86

He helped the Sierra Club fight a plan to build dams in the Grand Canyon and started a think tank to warn of the effects of economic globalization. source https://www.nytimes.com/2023/04/30/obituaries/jerry-mander-dead.html

The Week in Business: High-Profile Media Ousters

First Republic is struggling. The Fed faults its own oversight of Silicon Valley Bank. The U.S. economy is still growing but at a slower pace. And a jobs report is coming out. source https://www.nytimes.com/2023/04/30/business/the-week-in-business-media-firings.html

Must Love Dogs Was Not in the Job Description

Even an objectively perfect animal needs some workplace guidelines. source https://www.nytimes.com/2023/04/30/business/roxane-gay-work-advice-office-pets.html

Writers, Seeking Pay Change for the Streaming Era, Prepare to Strike

In the 16 years since the entertainment industry’s last strike, sweeping technological change has upended the television and movie business. source https://www.nytimes.com/2023/04/30/business/media/hollywood-writers-strike.html

How Scalia Law School Became a Key Friend of the Supreme Court

The school cultivated ties to justices, with generous pay and unusual perks. In turn, it gained prestige, donations and influence. source https://www.nytimes.com/2023/04/30/us/supreme-court-scalia-law-school.html

Elon Musk: SpaceX’s Out-of-Control Starship Struggled to Self-Destruct

In an update on the first flight of the most powerful rocket ever, Elon Musk offered a timeline of what went wrong while staying optimistic about forthcoming launches. source https://www.nytimes.com/2023/04/29/science/elon-musk-spacex-starship.html

Housing Market Gridlock: Buyers Are Eager, but Sellers Are Scarce

Homeowners with low-rate mortgages are delaying the decision to sell until market conditions change. source https://www.nytimes.com/2023/04/29/business/spring-housing-market.html

Will a Chatbot Write the Next ‘Succession’?

As labor contract negotiations heat up in Hollywood, unions representing writers and actors seek limits on artificial intelligence. source https://www.nytimes.com/2023/04/29/business/media/writers-guild-hollywood-ai-chatgpt.html

What Do You Know About Gen Z and Millennial Americans’ Finances? Take Our Quiz.

The New York Times wants to help young people get a better handle on their money. To begin, we want to hear from you. source https://www.nytimes.com/2023/04/28/business/genz-millenial-personal-finance-quiz.html

Ben & Jerry’s Paves Way for Union at Vermont Store

The company agreed to a set of election rules that make it likely for workers at its flagship ice cream shop to unionize. source https://www.nytimes.com/2023/04/28/business/ben-jerrys-union-burlington-vermont.html

Key Takeaways From Regulatory Review of Bank Failures

The Federal Reserve and the Federal Deposit Insurance Corp. reviewed what went wrong with oversight of two regional banks. A watchdog agency released its own take. source https://www.nytimes.com/2023/04/28/business/takeaways-bank-failures.html

What Is Bluesky and Could It Replace Twitter?

Some Twitter users are rushing to join Bluesky, a social platform funded by Jack Dorsey, a founder of Twitter. source https://www.nytimes.com/2023/04/28/technology/what-is-bluesky.html

Wages and Prices Could Show a Cool-Down Before a Fed Meeting

Key wage and inflation gauges released on Friday are expected to moderate, which may give Federal Reserve officials comfort as they consider when to stop raising rates. source https://www.nytimes.com/2023/04/28/business/inflation-fed-wages-prices.html

What to Watch as the Fed Releases Its Look Into Silicon Valley Bank

The Federal Reserve is set to release an examination of why its oversight of the bank failed to stem disaster at 11 a.m. on Friday. source https://www.nytimes.com/2023/04/28/business/economy/fed-silicon-valley-bank-failure-review.html

Stew Leonard Sr. Dies at 93; Founded ‘Disneyland of Dairy Stores’

A former milkman, he combined attentive customer service, low prices, quality goods and gimmicks, like singing cows, into a retailing phenomenon. source https://www.nytimes.com/2023/04/27/business/stew-leonard-sr-dead.html

Snap’s Sales Fall for First Time as a Public Company

As other tech companies returned to growth, Snap continued to struggle with advertising sales and lost money in the first quarter. source https://www.nytimes.com/2023/04/27/technology/snap-revenue-first-quarter.html

Snap’s Sales Fall for First Time as a Public Company

As other tech companies returned to growth, Snap continued to struggle with advertising sales and lost money in the first quarter. source https://www.nytimes.com/2023/04/27/technology/snaps-sales-fall-for-first-time-as-a-public-company.html

Russia’s Gas Exports Are Expected to Slide in 2023

Once Europe’s mainstay source of natural gas, Russia’s pipeline exports this year are now likely to be half of last year’s total, analysts and the Russian media say. source https://www.nytimes.com/2023/04/27/business/energy-environment/russias-gas-exports-2023.html

Elon Musk Ramps Up A.I. Efforts, Even as He Warns of Dangers

The billionaire plans to compete with OpenAI, the ChatGPT developer he helped found, while calling out the potential harms of artificial intelligence. source https://www.nytimes.com/2023/04/27/technology/elon-musk-ai-openai.html

Elon Musk Ramps Up A.I. Efforts, Even as He Warns of Dangers

The billionaire plans to compete with OpenAI, the ChatGPT developer he helped found, while calling out the potential harms of artificial intelligence. source https://www.nytimes.com/2023/04/27/technology/elon-musk-ramps-up-ai-efforts-even-as-he-warns-of-dangers.html

Bain Consulting Firm Is Latest Target of Chinese Crackdown

Bain & Company employees were questioned less than a month after Chinese police officials raided the Beijing offices of another U.S. advisory firm. source https://www.nytimes.com/2023/04/27/business/bain-china.html

China’s Search Engines Have More Than 66,000 Rules Controlling Content, Report Says

Researchers from the Citizen Lab, a cybersecurity research group, found that the most diligent censor in China is Microsoft’s search engine Bing, the only foreign search engine operating in the country. source https://www.nytimes.com/2023/04/26/business/china-censored-search-engine.html

Tweets Become Harder to Believe as Labels Change Meaning

The elimination of check marks that helped authenticate accounts has convulsed a platform that once seemed indispensable for following breaking news. source https://www.nytimes.com/2023/04/26/technology/twitter-verification-problems.html

Where Were the Gatekeepers?

Finding lessons in the firing of Tucker Carlson. source https://www.nytimes.com/2023/04/26/world/europe/interpreter-tucker-carlson-populism.html

Tucker Carlson and Don Lemon Hire Bryan Freedman, a Top Hollywood Lawyer

Bryan Freedman has a track record of getting multimillion-dollar settlements for TV stars and has represented celebrities like Quentin Tarantino, Julia Roberts and Seth Rogen. source https://www.nytimes.com/2023/04/25/business/media/carlson-lemon-lawyer-freedman.html

Alphabet Shrugs Off Advertising Slump, Driven by Search Engine

Google’s parent company returned to sales growth, even as an advertising slowdown continued to crimp YouTube. source https://www.nytimes.com/2023/04/25/technology/alphabet-quarterly-earnings.html

Microsoft Beats Financial Expectations Despite Worries About Economy

Quarterly revenue was up 7 percent and profits were up 9 percent as the company embarked on an aggressive plan to embrace artificial intelligence. source https://www.nytimes.com/2023/04/25/business/microsoft-quarterly-earnings.html

Japanese Moon Landing Is Uncertain After Losing Signal Spacecraft

The Japanese company aimed to be the first to change the paradigm for transporting things to the moon, but that will have to wait for a future mission. source https://www.nytimes.com/2023/04/25/science/ispace-moon-lander-japan.html

An uncertain outcome for Ispace may signal the loss of its moon lander.

The Japanese company aimed to be the first to change the paradigm for transporting things to the moon, but that will have to wait for a future mission. source https://www.nytimes.com/2023/04/25/science/ispace-has-lost-contact-with-its-moon-lander.html

2 Executives Are on Leave After Bud Light Promotion With Transgender Influencer

Anheuser-Busch announced the moves after a conservative backlash to a promotion with the social media influencer Dylan Mulvaney. source https://www.nytimes.com/2023/04/25/business/bud-light-dylan-mulvaney.html

Tucker Carlson Accused of Promoting a Hostile Work Environment in Lawsuit

Carlson’s former head of booking, Abby Grossberg, said that male producers regularly used vulgarities to describe women and frequently made antisemitic jokes. source https://www.nytimes.com/2023/04/24/business/media/tucker-carlson-abby-grossberg-lawsuit.html

Regional U.S. Banks Say the Crisis Is Contained but Fears Persist

In recent calls with investors, regional bank leaders tried to cast the turmoil in the industry spurred by the collapse of Silicon Valley Bank as a moment that has passed. source https://www.nytimes.com/2023/04/24/business/regional-banks-crisis.html

Not Just a D.J., Goldman C.E.O. Also Dabbles in Luxury Real Estate

David Solomon is an adviser to and part owner of a private real estate company that Goldman Sachs has sought to do business with. source https://www.nytimes.com/2023/04/24/business/david-solomon-goldman-sachs-discovery.html

Why First Republic Has Not Done a Deal

Big banks gave the regional lender a $30 billion lifeline following the collapse of Silicon Valley Bank, but it has yet to raise more cash, sell assets — or itself. source https://www.nytimes.com/2023/04/24/business/dealbook/first-republic.html

Two Chefs on Keeping Alive, and Redefining, Soul Food

At their restaurants in New York and Chicago, Shenarri Freeman and Erick Williams are celebrating the cuisine in their own ways. source https://www.nytimes.com/2023/04/24/dining/soul-food-chefs-erick-williams-shenarri-freeman.html

Final Days at Credit Suisse Were Marked by a $69 Billion Race for the Exits

Clients hurried to withdraw money as the Swiss bank faced collapse last month. It was eventually forced to sell itself to a rival, UBS. source https://www.nytimes.com/2023/04/24/business/dealbook/credit-suisse-withdrawals.html

What Young Workers Miss Without the ‘Power of Proximity’

One of the first major studies on remote work shows a hidden penalty of flexibility: less supervision. source https://www.nytimes.com/2023/04/24/business/remote-work-feedback.html

Dragon at Disneyland’s ‘Fantasmic!’ Performance Catches Fire

At least six workers were treated for smoke inhalation after the fire on Saturday night at the California theme park, but no one was seriously hurt, officials said. source https://www.nytimes.com/2023/04/23/us/disneyland-dragon-fire.html

The Week in Business: A Trial With a Twist

A looming writers’ strike in Hollywood. An earnings report from a troubled midsize bank. And a report card on the health of the U.S. economy. source https://www.nytimes.com/2023/04/23/business/the-week-in-business-fox-news-dominion.html

Bed Bath & Beyond Files for Bankruptcy

The company said it would seek to sell all or some of its business while its stores remain open. source https://www.nytimes.com/2023/04/23/business/bed-bath-beyond-bankruptcy.html

Sacklers Gave Millions to Institution That Advises on Opioid Policy

Even as the nation’s drug crisis mounted, the National Academies of Sciences, Engineering and Medicine continued to accept funds from some members of the Sackler family, including those involved with Purdue Pharma. source https://www.nytimes.com/2023/04/23/health/sacklers-opioids-national-academies-science.html

The Crypto Detectives Are Cleaning Up

Early adopters thought cryptocurrencies would be free from prying eyes. But tracking the flow of funds has become a big business. source https://www.nytimes.com/2023/04/22/business/crypto-blockchain-tracking-chainalysis.html

Do You Even Decarbonize, Bro?

‘Decarb bros’ think the best way to combat climate change is to ditch the gloom of earlier environmentalism and focus on what new technology can do. source https://www.nytimes.com/2023/04/22/business/decarb-bros-climate-change.html

Why SoFi Is Suing to End the Student Loan Payment Pause

A self-styled “anti-bank” poached good customers from the federal loan system. When pandemic relief made that harder, it sued the government. source https://www.nytimes.com/2023/04/22/your-money/sofi-student-loans-lawsuit.html

Lyft Will Lay Off About 1,200 People as It Looks to Cut Costs

The cuts come as the company tries to lower prices and remain competitive with Uber, its larger rival. source https://www.nytimes.com/2023/04/21/business/lyft-layoffs.html

Canada Lands Volkswagen Battery Plant With Billions in Subsidies

Prime Minister Justin Trudeau said the assistance was needed to offset incentives offered by the United States. source https://www.nytimes.com/2023/04/21/business/energy-environment/volkswagen-battery-canada.html

Twitter Removes ‘Government-Funded’ Labels From Media Accounts

NPR and public broadcasters in Canada, Australia and New Zealand had criticized the label as misleading. The CBC and NPR have suspended the use of their Twitter accounts in protest. source https://www.nytimes.com/2023/04/21/technology/twitter-media-labels.html

Why BuzzFeed Is Closing Its News Division

The publisher ultimately couldn’t surmount the challenges facing digital journalism — and many of its peers are still struggling as well. source https://www.nytimes.com/2023/04/21/business/dealbook/buzzfeed-news-shuts-down.html

Rates on C.D.s Are Soaring, but the High Rates May Not Last

Banks are offering the promotional rates to attract deposits. But given concerns about the economy, it’s unclear how long banks will continue to reward savers. source https://www.nytimes.com/2023/04/21/your-money/cd-bank-interest-rates.html

Lachlan Murdoch Drops Libel Suit Against Australian News Site

His lawyer said the website, Crikey, intended to exploit the outcome of the Fox-Dominion defamation case in the U.S. source https://www.nytimes.com/2023/04/20/business/lachlan-murdoch-crikey-lawsuit.html

Twitter Begins Removing Blue Check Marks From Verified Accounts

Elon Musk, the owner of the social media service, has begun to charge a subscription fee for the verification symbol. source https://www.nytimes.com/2023/04/20/technology/twitter-blue-check-marks.html

How Hard Lines in Fox-Dominion Deal Talks Suddenly Softened

The $787.5 million settlement, believed to be the largest in a defamation case, came together quickly. source https://www.nytimes.com/2023/04/20/business/media/fox-news-dominion-settlement.html

Starship Explosion a Setback, But Not a Total Failure For SpaceX and Musk

The first flight of the most powerful rocket ever was not the success that Elon Musk and his company hoped for, but the launch achieved several milestones toward future journeys. source https://www.nytimes.com/2023/04/20/science/spacex-launch-explosion-elon-musk.html

Leon Levine, Who Made a Billion One Dollar at a Time, Dies at 85

He created the discount chain retailer Family Dollar, which found success, and criticism, by catering to the poor. source https://www.nytimes.com/2023/04/19/business/leon-levine-dead.html

Tesla’s Profit Dropped Sharply in First Quarter as It Cut Prices

The electric carmaker has reduced prices by thousands of dollars this year to bolster demand and fend off competition. source https://www.nytimes.com/2023/04/19/business/teslas-earnings-first-quarter.html

After Fox Settlement, Assault on Media Protections Is Likely to Continue

Those who argue that the news media should pay a steeper price for mistakes are pushing to have a landmark Supreme Court ruling overturned. source https://www.nytimes.com/2023/04/19/business/nyt-sullivan-dominion-first-amendment.html

House G.O.P. Unveils Debt Limit Bill Lifting Borrowing Cap for One Year

The proposal would impose work requirements on food stamp and Medicaid recipients and repeal funding to beef up tax enforcement. source https://www.nytimes.com/2023/04/19/us/politics/house-republicans-debt-limit-bill.html

In Prosecution of Turkey’s Halkbank, Supreme Court Issues a Mixed Ruling

The justices rejected key arguments from Halkbank, which is owned by the Turkish government. But they told a lower court to revisit one possible defense. source https://www.nytimes.com/2023/04/19/us/supreme-court-turkish-bank-halkbank.html

Fox Settles Dominion Suit, but Smartmatic Case and Others Loom

Another election technology company, Smartmatic, is suing news outlets, including Fox, over false claims of election fraud, and Dominion has other cases pending. source https://www.nytimes.com/2023/04/19/business/smartmatic-fox-dominion-lawsuits.html

Fox Settles Dominion Lawsuit, but Is Entangled in Other Legal Cases

Cases on libel and a discriminatory work environment are still pending. source https://www.nytimes.com/2023/04/18/business/media/fox-lawsuits-legal-cases.html

Netflix Put His Photo in a True-Crime Film. Now, He’s Suing.

A Kentucky man is suing Netflix for using his image in “The Hatchet Wielding Hitchhiker,” a documentary about an internet folk hero turned convicted murderer. source https://www.nytimes.com/2023/04/18/business/netflix-hatchet-wielding-hitchiker-lawsuit.html

Netflix Will End Its DVD Service After 25 Years

Sending DVDs through the mail, in recognizable red-and-white envelopes, helped the company become a behemoth in Hollywood. source https://www.nytimes.com/2023/04/18/business/media/netflix-dvds-earnings.html

Reddit Wants to Get Paid for Helping to Teach Big A.I. Systems

The internet site has long been a forum for discussion on a huge variety of topics, and companies like Google and OpenAI have been using it in their A.I. projects. source https://www.nytimes.com/2023/04/18/technology/reddit-ai-openai-google.html

As Possible Debt Limit Crisis Nears, Wall Street Shrugs

Few investors have focused on the possibility that Congress will not raise the nation’s borrowing limit in time to avoid an economically catastrophic default. source https://www.nytimes.com/2023/04/18/business/debt-limit-wall-street.html

U.S. and E.U. Face Uphill Fight in Keeping Chips Out of Russia

Western technology goods are winding up in Russian missiles, raising questions about the efficacy of sanctions. source https://www.nytimes.com/2023/04/18/business/economy/us-russia-chips-sanctions.html

How Mexico Became the Biggest User of the Pegasus Spyware

A Times investigation reveals the story behind how Mexico became the first and most prolific user of Pegasus. It’s still using it, despite promising to stop. source https://www.nytimes.com/2023/04/18/world/americas/pegasus-spyware-mexico.html

Smaller, Versatile Concert Halls Step Out of the Shadow of Stadiums

As live entertainment rebounds, developers are using midsize venues to anchor their projects and energize the surrounding neighborhood. source https://www.nytimes.com/2023/04/18/business/concert-halls-live-entertainment.html

‘Zero Covid’ Behind It, China’s Economy Starts to Recover

The economy grew 4.5 percent in the first three months of the year, a pickup from the end of 2022, when the relaxation of pandemic prevention measures led to a wave of illness. source https://www.nytimes.com/2023/04/17/business/china-gdp-q1-2023.html

DeSantis, in Latest Volley Against Disney, Suggests Punitive Steps

The Florida governor also described proposed legislation he said would override the company’s effort to sidestep oversight of its theme parks. source https://www.nytimes.com/2023/04/17/business/ron-desantis-disney-world-florida.html

The Thrill of the Office Crush

When everything is still possible, take a moment to enjoy a work crush. Just don’t do anything unwise, or illegal. source https://www.nytimes.com/2023/04/16/business/roxane-gay-work-advice-office-crush.html

U.S. Car Brands Will Benefit Most From Electric Vehicle Tax Breaks

Rules that take effect on Tuesday will limit the $7,500 credits to electric cars made domestically with minerals from the U.S. or trade allies. source https://www.nytimes.com/2023/04/17/business/electric-vehicles-tax-credits.html

Judge Delays Fox and Dominion Trial by a Day

Opening statements in the $1.6 billion defamation case against Fox News were set to begin on Monday. source https://www.nytimes.com/2023/04/17/business/fox-dominion-trial-delay.html

The Defamation Trial of Fox News Is Delayed

Dominion Voting Systems’ lawsuit against Fox News won’t start on Monday, as Rupert Murdoch’s media colossus reportedly pushes for an out-of-court settlement. source https://www.nytimes.com/2023/04/17/business/dealbook/dominion-fox-news-trial-delayed.html

Are Crumbl Cookies the Best or the Worst? It Doesn’t Matter.

The fastest-growing dessert chain in the United States has sweets lovers divided. But the debate is great for business. source https://www.nytimes.com/2023/04/17/dining/crumbl-cookies.html

Dominion Voting Systems: What to Know About the Company Suing Fox

Dominion, which is owned by a New York private equity firm, has accused the news network of spreading false narratives about its election technology. source https://www.nytimes.com/2023/04/17/business/media/dominion-fox-lawsuit.html

CoolSculpting Promised to Zap Fat. For Some, It Brought Disfigurement.

CoolSculpting is among the most popular fixes for unwanted bulges. But the risk of a serious side effect appears to be higher than previously known. source https://www.nytimes.com/2023/04/16/style/coolsculpting-side-effect-risks.html

Edward H. Meyer, Who Built an Advertising Empire, Dies at 96

Known for his iron resolve and his attention to detail, he transformed Grey Advertising from a midsize agency into a multinational powerhouse. source https://www.nytimes.com/2023/04/16/business/edward-h-meyer-dead.html

Google Devising Radical Search Changes to Beat Back AI Rivals

The tech giant is sprinting to protect its core business with a flurry of projects, including updates to its search engine and plans for an all-new one. source https://www.nytimes.com/2023/04/16/technology/google-search-engine-ai.html

Shoot Your (Carefully Aimed) Shot

When everything is still possible, take a moment to enjoy a work crush. Just don’t do anything unwise, or illegal. source https://www.nytimes.com/2023/04/16/business/shoot-your-carefully-aimed-shot.html

Fox News Is on Trial, and So Are Falsehoods About 2020

A jury in Delaware will be asked to weigh the limits of the First Amendment. Another question in the case is whether the network will pay a financial penalty for disseminating election lies. source https://www.nytimes.com/2023/04/16/business/media/fox-news-dominion-trial.html

CoolSculpting Promised to Zap Fat. For Some, It Brought Disfigurement.

CoolSculpting is among the most popular fixes for unwanted bulges. But the risk of a serious side effect appears to be higher than previously known. source https://www.nytimes.com/2023/04/16/health/coolsculpting-side-effect-risks.html

Saving for a Down Payment and Retirement: What to Know

With mortgage rates and prices high, first-time home buyers find these competing goals aren’t always doable, at least at the same time. Here are points to consider. source https://www.nytimes.com/2023/04/16/business/retirement-mortgage-down-payment.html

Hedda Kleinfeld Schachter Dies at 99; Built an Empire of Tulle and Satin

With her husband, Jack, she expanded I. Kleinfeld & Son into a bridal superstore that became a New York City institution. source https://www.nytimes.com/2023/04/15/style/hedda-kleinfeld-schachter-dead.html

Who Owns a Song Created by A.I.?

Lawmakers are beginning to contemplate questions about authorship and ownership around creative machines. The stakes for creative businesses are high. source https://www.nytimes.com/2023/04/15/business/dealbook/artificial-intelligence-copyright.html

Republican Economists Line Up Behind Biden Nominee

Jared Bernstein, the president’s choice to chair the Council of Economic Advisers, won praise for his work that led to a provision in the Trump tax cuts in 2017. source https://www.nytimes.com/2023/04/14/us/politics/jared-bernstein-council-of-economic-advisers.html

Biggest U.S. Banks Report Bumper Profits Amid Industry Turmoil

JPMorgan Chase, Wells Fargo, Citigroup and PNC Financial comfortably beat expectations for earnings in the first quarter, when the failures of smaller banks sent jitters throughout the sector. source https://www.nytimes.com/2023/04/14/business/jpmorgan-citi-wells-fargo-earnings.html

What Bank Earnings Reveal About the Health of the Economy

JPMorgan Chase and Wells Fargo reported solid earnings on Friday, but big questions remain about the sector’s health and a potential recession. source https://www.nytimes.com/2023/04/14/business/dealbook/what-bank-earnings-reveal-about-the-health-of-the-economy.html

Biggest U.S. Banks Report Bumper Profts Amid Industry Turmoil

JPMorgan Chase, Wells Fargo and PNC Financial comfortably beat expectations for earnings in the first quarter, when the failures of smaller banks sent jitters throughout the sector. source https://www.nytimes.com/2023/04/14/business/jpmorgan-chase-wells-fargo-earnings.html

China’s Car Buyers Have Fallen Out of Love With Foreign Brands

Domestic companies are now selling more vehicles than their multinational rivals, which have failed to keep up with Chinese consumers’ demand for electric cars and S.U.V.s. source https://www.nytimes.com/2023/04/14/business/china-shanghai-auto-show.html

Unemployment Is Low. Inflation Is Falling. But What Comes Next?

Despite hopeful signs, economists worry that a recession is on the way or that the Federal Reserve will cause one in trying to rein in inflation. source https://www.nytimes.com/2023/04/14/business/economy/economy-jobs-inflation-recession.html

Most Funds Couldn’t Beat the Stock Market in 2022, Despite Advantages

In 2022, conditions were heavily in stock pickers’ favor, but most trailed the market. This year looks worse, our columnist says. source https://www.nytimes.com/2023/04/14/business/stock-market-2022.html

Lonely Cry for Action as China Locks Up Japanese Citizens on Spy Charges

Hideji Suzuki says Japan failed him during his six years in a Chinese prison. China’s recent arrest of a Japanese citizen is again testing Tokyo’s resolve. source https://www.nytimes.com/2023/04/13/world/asia/china-japan-spying-espionage.html

Landmark Trial Against Fox News Could Affect the Future of Libel Law

Jury selection starts on Thursday in Delaware Superior Court, where the proceedings will tackle misinformation and the limits of journalistic responsibility. source https://www.nytimes.com/2023/04/13/business/media/fox-dominion-libel-trial.html

What Good Are Wearable Computers if the Data Is Wrong?

An Apple Watch or a Garmin can draw incorrect conclusions about your health, but the broad trends may be more valuable than the numbers. source https://www.nytimes.com/2023/04/12/technology/personaltech/vo2max-smartwatches-fitness-accuracy.html

Montana’s Plan to Bank TikTok Is a Preview for the Rest of the Country

The fight has shown the difficult test and legally perilous road facing lawmakers or the White House if they try to enact a national ban on the social media service. source https://www.nytimes.com/2023/04/12/technology/tiktok-ban-montana.html

Max Streaming App Aims to Win Viewers by Losing ‘HBO’ From Its Name

The service, which will debut on May 23, will try to broaden appeal by including reality series like TLC’s “Love & Translation” alongside HBO dramas like “Succession.” source https://www.nytimes.com/2023/04/12/business/media/max-warner-new-streaming-app.html

What to Know About Buying Electric Cars and the New Emissions Rule

Here is what car buyers need to know about the Biden administration’s proposal to push the auto industry to sell more electric cars. source https://www.nytimes.com/2023/04/12/business/energy-environment/electric-vehicles-consumer-questions.html

Fox News Sanctioned by Judge for Withholding Evidence in Dominion Case

Judge Eric Davis also said an investigation was likely into Fox’s handling of documents and whether it had withheld details about Rupert Murdoch’s corporate role. source https://www.nytimes.com/2023/04/12/business/media/fox-dominion-trial-sanctioned.html

On Long Flights, Airlines Offer Couch Seating

An increasing number of long-haul airlines are offering economy seats that let passengers lie down. Sky couches as they’re often called, are a business-class approximation, without the frills, or the price. source https://www.nytimes.com/2023/04/12/travel/sky-couch-airline-seating.html

You Call This ‘Flexible Work’?

Labor fought for a long time to draw a bright line between work and home. It took almost no time at all to erase it. source https://www.nytimes.com/2023/04/12/magazine/flexible-work-home.html

Passenger Flight Is Diverted After Woman Threatens Flight Attendant

An Alaska Airlines flight from San Francisco to Chicago landed in Kansas City, Mo., after the passenger started acting erratically. She was arrested on a federal charge. source https://www.nytimes.com/2023/04/11/us/passenger-disruption-diverted-flight-kansas-city.html

The Guardian’s U.S. Edition Names Dana Canedy Managing Editor

Ms. Canedy, the first Black woman to serve as the publisher of Simon & Schuster’s flagship imprint, will oversee the newsroom’s daily operations. source https://www.nytimes.com/2023/04/11/business/the-guardian-us-dana-canedy.html

Bitcoin Price Continues Rally, Gaining More Than 80% This Year

The cryptocurrency extended its gains after another big jump on Tuesday, topping $30,000 for the first time since June. source https://www.nytimes.com/2023/04/11/business/dealbook/bitcoin-price.html

Why Drugmakers’ Abortion Pill Battle is Such a Big Deal

The decision by a Texas judge to overturn F.D.A. approval for the abortion pill mifepristone could upend the pharmaceutical industry. source https://www.nytimes.com/2023/04/11/business/dealbook/drugmakers-texas-abortion-pill-mifepristone.html

What I Learned Dogsitting for New York City’s Opulent Elite

In a city of yawning class inequality, some side hustles let you glimpse how the other half lives. source https://www.nytimes.com/2023/04/11/magazine/dogsitting-rich-new-york.html

In China, Young People Ditch Prestige Jobs for Manual Labor

Some people who’ve walked away from China’s grueling corporate culture say it’s worth the financial sacrifice. “I was tired of living like that,” one said. source https://www.nytimes.com/2023/04/11/world/asia/china-youth-employment.html

Justice Department Recently Looked Into Twitter, Lawsuit Says

The focus of the inquiry was unclear, but several former executives said they had racked up more than $1 million in expenses dealing with it and other legal issues. source https://www.nytimes.com/2023/04/10/technology/twitter-lawsuit-justice-department.html

What Is Discord, the Social App Where Leaked Pentagon Documents Were Found?

Discord gained popularity among gamers. But as it has become mainstream, it has run into controversy over the past few years. source https://www.nytimes.com/2023/04/10/business/what-is-discord-pentagon-leak.html

China Has Reopened to Tourists. The Hard Part Is Getting There.

Despite loosened visa rules, the number of flights into China is still a small fraction of what it was before the pandemic, fueled partly by geopolitical tensions. source https://www.nytimes.com/2023/04/10/business/china-tourism.html

Abortion Ruling Could Undermine the F.D.A.’s Drug-Approval Authority

Legal scholars say the ruling by a Texas judge, if upheld, could spur disputes over many medications and upend the drug industry’s reliance on the agency. source https://www.nytimes.com/2023/04/10/health/abortion-pill-fda.html

Fox News Settles Defamation Case With Venezuelan Businessman

In a letter to a New York judge, the parties said they had reached a settlement in a case related to claims of voter fraud in the 2020 election, but did not disclose the terms. source https://www.nytimes.com/2023/04/09/business/fox-news-venezuela-dominion.html

The Real-World Costs of the Digital Race for Bitcoin

Bitcoin mines cash in on electricity — by devouring it, selling it, even turning it off — and they cause immense pollution. In many cases, the public pays a price. source https://www.nytimes.com/2023/04/09/business/bitcoin-mining-electricity-pollution.html

Elon Musk Says Tesla Will Build Shanghai Battery Factory

The facility will produce batteries the size of shipping containers to help electric utilities stabilize grids and use more renewable energy. source https://www.nytimes.com/2023/04/09/business/elon-musk-tesla-shanghai-battery-factory.html

Tesla to Build Factory in Shanghai for Large-Scale Batteries

The company plans to break ground this year on a plant that will produce 10,000 of its energy-storage units known as Megapacks annually. source https://www.nytimes.com/2023/04/09/business/tesla-shanghai-megapacks-batteries.html

The Week in Business: Cuts to Oil Production

Job growth last month continued at a steady, but slower pace. The Biden administration unveiled its plans for the I.R.S. And a new inflation reading comes out. source https://www.nytimes.com/2023/04/09/business/the-week-in-business-opec-oil-production.html

$388 in Sushi. Just a $20 Tip: The Brutal Math of UberEats and DoorDash

Delivery drivers were hailed as pandemic heroes. But they say the rise of contactless delivery has made customers less inclined to tip generously and gig work is becoming an even harder way to make a living. source https://www.nytimes.com/2023/04/09/business/uber-eats-door-dash-delivery-tips.html

Why Leaked Pentagon Documents Are Still Circulating on Twitter and Discord

Twitter and the social media platform Discord have policies about how they would handle the material. But those rules have gray areas and can be unevenly enforced. source https://www.nytimes.com/2023/04/08/technology/leaked-pentagon-documents-twitter-discord.html

What’s Going On With the Abortion Pill Rulings by Federal Judges?

One invalidated the F.D.A.’s approval of the abortion pill mifepristone. The other ordered the F.D.A. to do nothing to restrict the pill’s availability. source https://www.nytimes.com/2023/04/08/health/mifepristone-abortion-pills-ruling-judges.html

Why Banks Are Suddenly Closing Customer Accounts

Increasing attention to suspicious-seeming transactions has led to some people suddenly losing access to their bank accounts. The reasons are often a mystery. source https://www.nytimes.com/2023/04/08/your-money/bank-account-suspicious-activity.html

Mötley Crüe Guitarist’s Lawsuit Says He Was Kicked Out

Mick Mars accused his bandmates of gaslighting him and cutting him out of future profits after he said he was retiring from touring. source https://www.nytimes.com/2023/04/08/arts/music/mick-mars-motley-crue-lawsuit.html

Texas Judge Invalidates FDA Approval of the Abortion Pill Mifepristone

The Texas judge’s ruling was quickly contradicted by another federal judge in Washington State who ordered the F.D.A. to keep mifepristone available. source https://www.nytimes.com/2023/04/07/health/abortion-pills-ruling-texas.html

U.S. Job Growth Eases, but Extends Its Streak

Employers added 236,000 jobs as the Federal Reserve’s interest-rate increases appeared to take a toll. The unemployment rate fell to 3.5 percent. source https://www.nytimes.com/2023/04/07/business/economy/march-jobs-report-unemployment.html

U.S. Job Growth Eases, but Extends Its Streak

Employers added 236,000 jobs as the Federal Reserve’s interest-rate increases appeared to take a toll. The unemployment rate fell to 3.5 percent. source https://www.nytimes.com/2023/04/07/business/economy/heres-what-to-know-about-the-march-jobs-report.html

6 Tips for Better Meetings

Any questions? Good. source https://www.nytimes.com/2023/04/07/business/6-tips-for-better-meetings.html

An edgy bond market eyes the hiring data for signs of recession.

source https://www.nytimes.com/2023/04/07/business/an-edgy-bond-market-eyes-the-hiring-data-for-signs-of-recession.html

In A.I. Race, Microsoft and Google Choose Speed Over Caution

Technology companies were once leery of what some artificial intelligence could do. Now the priority is winning control of the industry’s next big thing. source https://www.nytimes.com/2023/04/07/technology/ai-chatbots-google-microsoft.html

Wages May Not Be Inflation’s Cause, but They’re the Focus of the Cure

While fear of a “wage-price spiral” has eased, the Federal Reserve’s course presumes job losses and risks a recession. Some see less painful remedies. source https://www.nytimes.com/2023/04/07/business/economy/wages-prices.html

Jane LaTour, Fighter for Women in Labor Unions, Dies at 76

No stranger to blue-collar work herself, she pushed for equality in male-dominated unions and as a writer chronicled the struggles of “sisters in the brotherhoods.” source https://www.nytimes.com/2023/04/06/nyregion/jane-latour-dead.html

Concerns Grow as Tighter Lending Threatens Commercial Real Estate

The recent banking turmoil added scrutiny to a sector already weighed down by office vacancies, rising interest rates and mounting debt. source https://www.nytimes.com/2023/04/06/business/commercial-real-estate-lending.html

Attacks on Dominion Voting Persist Despite High-Profile Lawsuits

Unproven claims about Dominion Voting Systems still spread widely online. source https://www.nytimes.com/2023/04/06/technology/dominion-voting-mike-lindell-trump.html

Investors Worry What Strong Jobs Data Means for the Economy

Inflation, recession and labor market concerns loom large over the stock market ahead of Friday’s jobs report. source https://www.nytimes.com/2023/04/06/business/dealbook/jobs-data-fed-economy.html

Dining in Style, at 90 Miles an Hour

Train travel is thriving in Central Europe, and so are dining cars. We rode the rails from Prague to Zurich and beyond, sampling regional dishes and savoring the views. source https://www.nytimes.com/2023/04/06/travel/central-europe-trains-dining.html

Rupert Murdoch Can Be Forced to Testify in Fox-Dominion Trial, Judge Says

Star hosts for Fox News like Tucker Carlson and Sean Hannity may also appear in person at the high-profile trial, which is set to start April 17. source https://www.nytimes.com/2023/04/05/business/media/rupert-murdoch-testify-fox-dominion-trial.html

French Business Titans Top Forbes’s Richest List

Two French business titans, Bernard Arnault of the LVMH empire and Françoise Bettencourt-Meyers of L’Oréal, are named the world’s wealthiest man and woman. source https://www.nytimes.com/2023/04/05/business/forbes-richest-list-france.html

Twitter Labels NPR ‘State-Affiliated Media,’ in Change to Policy

The broadcaster denounced the move as “unacceptable.” Until Tuesday evening, NPR was cited as an exception to Twitter’s policy on the label. source https://www.nytimes.com/2023/04/05/business/npr-twitter-label-state-affiliated-media.html

This Historically Black University Created Its Own Tech Intern Pipeline

A new program at Bowie State connects computing students directly with companies, bypassing an often harsh Silicon Valley vetting process. source https://www.nytimes.com/2023/04/05/technology/bowie-hbcu-tech-intern-pipeline.html

Europe Plots a Diplomatic and Business Reset on China

President Emmanuel Macron of France and Ursula von der Leyen, President of the European Commission, arrived in China on Wednesday aiming to restart business and political ties. source https://www.nytimes.com/2023/04/05/business/dealbook/europe-vonderleyen-macron-xi-china.html

Consumer Help: What Are the Rule for Flying With Pets?

A gate agent suddenly objected to a canine who’d flown previously on the same route, saying the carrier wasn’t big enough. Our columnist tries to sort out what the actual rules for pets on planes are. source https://www.nytimes.com/2023/04/05/travel/airlines-flying-with-dogs-cats.html

Jamie Dimon’s Letter to JPMorgan Investors Warns of Banking Crisis ‘Repercussions’

In his annual letter to shareholders, the chief executive of JPMorgan Chase said regulations were partly to blame for the turmoil, although the economy remained in “pretty good” shape. source https://www.nytimes.com/2023/04/04/business/dealbook/jamie-dimon-letter-bank-crisis.html

It’s Not All Bad News for Trump Ahead of His Arraignment

The former president’s poll ratings and some of his business fortunes have rallied ahead of his arraignment on Tuesday. source https://www.nytimes.com/2023/04/04/business/dealbook/trump-arraingment-court-stormy-daniels.html

Bay Area Expansion Team Draws Record Price for U.S. Women’s Soccer League

The investment firm Sixth Street led an ownership group that plans to spend $125 million on the franchise. source https://www.nytimes.com/2023/04/04/business/us-womens-soccer-league-investment.html

From Calendars to Spreadsheets: Is Managing Our Lives Like Work a Good Thing? 

The ubiquity of corporate organizational tools means how we manage our work and personal time often doesn’t look that different. Is that bad? source https://www.nytimes.com/2023/04/04/style/personal-lives-calendars-spreadsheets.html

La satisfacción de renunciar y volverse viral

En TikTok y YouTube, los trabajadores comparten cómo abandonaron sus trabajos. Esto les genera una sensación de control sobre situaciones a menudo insostenibles. source https://www.nytimes.com/es/2023/04/04/espanol/video-renuncia-viral.html

China Strikes Back at U.S. Chip Maker Even as It Signals Openness

Beijing’s security review of Micron Technology, which has deep roots in China, could have wide-ranging ramifications for other foreign businesses. source https://www.nytimes.com/2023/04/04/business/micron-china-investigation.html