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Showing posts from June, 2023

Hollywood Actors Extend Contract Talks at Deadline

Their union, SAG-AFTRA, and the major studios pushed the expiration date ahead to July 12 and will keep negotiating. source https://www.nytimes.com/2023/06/30/business/media/hollywood-actors-extend-talks.html

David Gilmour Who Turned a Tiny Island Into a Resort Dies at 91

An entrepreneur for more than 50 years, he built a luxurious club in Fiji and started a bottled water company, now the second-largest imported water brand in the United States. source https://www.nytimes.com/2023/06/30/business/david-gilmour-dead.html

Affirmative Action Ruling May Upend Hiring Policies Too

The Supreme Court decision on college admissions could lead companies to alter recruitment and promotion practices to pre-empt legal challenges. source https://www.nytimes.com/2023/06/30/business/economy/hiring-affirmative-action.html

Joseph Pedott 91 Dies; Made Chia Pets an as Seen on TV Sensation

The commercials he created, with their “ch-ch-ch-Chia” jingle, became as much a vivid part of American consumer life as the goofy product they sold. source https://www.nytimes.com/2023/06/30/business/joseph-pedott-dead.html

Stock Markets Close Upbeat First Half but Worries Linger

As companies begin to report earnings and make forecasts, investors are looking for signs of resilience, while executives are playing cautious. source https://www.nytimes.com/2023/06/30/business/earnings-wall-street-economy.html

Libor Is Coming to an End

It has been an arduous process to get the financial system to stop relying on the tarnished interest-rate benchmark. source https://www.nytimes.com/2023/06/30/business/end-of-libor.html

Dylan Mulvaney Speaks Out After Backlash Against Bud Light

Dylan Mulvaney has faced stalking and personal attacks since featuring Bud Light on her social media in April, she said, adding that the beer maker did not contact her in light of the hostility. source https://www.nytimes.com/2023/06/29/business/bud-light-dylan-mulvaney.html

Supreme Court Sides With Postal Carrier Who Refused to Work on Sabbath

The unanimous decision interpreted a federal civil rights law to require employers to make substantial efforts to accommodate their workers’ religious practices. source https://www.nytimes.com/2023/06/29/us/politics/supreme-court-religion-sabbath-postal-worker.html

National Geographic Lays Off More Writers

The company did not specify how many were shed and said that the magazine, known for its focus on discovery and exploration, would continue to be published on a monthly basis. source https://www.nytimes.com/2023/06/29/business/media/national-geographic-layoffs.html

Volkswagen Replaces Audi Chief Amid Pressure to Electrify

Gernot Döllner, who is considered close to Volkswagen’s chief executive, Oliver Blume, will take over at the luxury brand starting Sept. 1. source https://www.nytimes.com/2023/06/29/business/volkswagen-audi-chief-executive.html

Help! A British Travel Agency Has Our $3891 and We Want It Back.

A couple’s efforts to use credit to book a new European trip was stymied by questionable customer service, until our columnist stepped in. source https://www.nytimes.com/2023/06/29/travel/jetline-customer-service.html

Auto-Industry Group Assails Bidens Plan to Electrify Americas Cars

The E.P.A.’s plan is “neither reasonable nor achievable,” the lobbying group said, using strong language in the face of the urgency to cut planet-warming emissions from vehicles. source https://www.nytimes.com/2023/06/28/climate/epa-electric-cars-auto-industry-criticism.html

Overstock Buys Intellectual Property to Rename as Bed Bath & Beyond

The online retailer is renaming its website and its mobile app after buying the intellectual property of the bankrupt home-goods store. source https://www.nytimes.com/2023/06/28/business/overstock-bed-bath-beyond.html

Its Never Too Late to Become a Nurse

During the pandemic, Joanna Patchett spent 18 harrowing months in the intensive care unit. She discovered that medicine isn’t just about science — it’s also about heart. source https://www.nytimes.com/2023/06/28/health/nursing-school-program.html

Can China Export Its Way Out of Its Economic Slump?

No country has had more export success than China. But Beijing faces risks in turning to the tested method of selling more abroad. source https://www.nytimes.com/2023/06/28/business/china-exports-economy.html

Chinese Workers Confront the Curse of 35

It’s widely discussed in China: Employers don’t want you after 35. Some job listings say it plainly, leaving a generation of prime-age workers feeling defeated. source https://www.nytimes.com/2023/06/28/business/china-jobs-age-discrimination-35.html

James Crown Chicago Businessman and Avid Philanthropist Dies at 70

He was a director of General Dynamics and served on the board of JPMorgan Chase. He was also a crucial early supporter of Barack Obama. source https://www.nytimes.com/2023/06/27/business/james-crown-dead.html

TikTok Is Funding Montana Users Suit Against Ban

The popular video service had deflected questions about its involvement in the creators’ lawsuit for more than a month. source https://www.nytimes.com/2023/06/27/business/media/tiktok-ban-montana-lawsuit-funding.html

Starbucks to Offer Clearer Guidelines on Décor After Pride Clash

The company said it would be more specific in its policies on store decorations and reiterated its support of the L.G.B.T.Q. community. source https://www.nytimes.com/2023/06/27/business/starbucks-union-pride-decorations.html

Supreme Court Allows Unusual Pennsylvania Law on Corporate Suits

A novel Pennsylvania law requires corporations that do business in the state to consent to being sued there, even if the suits have nothing to do with the state. source https://www.nytimes.com/2023/06/27/us/supreme-court-corporations-lawsuits.html

Can Bidenomics Revive Bidens 2024 Presidential Bid?

The president plans to extol his economic achievements in a big campaign-style speech. But inflation and recession fears could overshadow the message. source https://www.nytimes.com/2023/06/27/business/dealbook/bidenomics-biden-2024.html

Inflation Is Proving Persistent as It Moves Through the Eurozone Economy

Christine Lagarde, the president of the European Central Bank, called for more “more persistent policy” to stifle price rises. source https://www.nytimes.com/2023/06/27/business/christine-lagarde-inflation-central-banks.html

Demand for Data Centers Is Soaring

The need for data centers has soared, fueled by remote work and the growth of high-speed streaming. But finding the necessary land and energy can be a challenge. source https://www.nytimes.com/2023/06/27/business/data-centers-internet-infrastructure-development.html

Going to Europe This Summer? Youre Not Alone.

After three years of pandemic restrictions, travelers are flocking to Europe in record numbers, despite high airfares, limited accommodations and crowded sites. Here’s what you might encounter. source https://www.nytimes.com/2023/06/27/travel/overcrowded-europe-summer.html

New Tours Mean No More FOMO for Plus-Size Travelers

Five companies dedicated to size-inclusive travel aim to bring community and reassurance to people in bigger bodies. source https://www.nytimes.com/2023/06/27/travel/size-inclusive-tours.html

Tesla May Have Already Won the Charging Wars

Deals with Ford and G.M. will make it easier to find a charger but could give Elon Musk control of critical infrastructure. source https://www.nytimes.com/2023/06/27/business/energy-environment/tesla-gm-ford-charging-electric-vehicles.html

Publishers Clearing House Settles Dark Patterns Suit for $18.5 Million

The case comes less than a week after the Federal Trade Commission sued Amazon, which was accused of similar deceptive practices. source https://www.nytimes.com/2023/06/26/business/publishers-clearing-house-dark-patterns-lawsuit.html

Ryan Reynolds Invests in Alpine F1 Team

The actor Ryan Reynolds, the private equity firm RedBird Capital and Otro Capital are among the investors taking a stake in Renault’s Alpine team. source https://www.nytimes.com/2023/06/26/business/dealbook/formula-1-deal-ryan-reynolds-alpine.html

How the Shortage of a $15 Cancer Drug Is Upending Treatment

Older generic chemotherapy drugs remain scarce, forcing doctors to put a priority on the patients who have the best chance of survival. source https://www.nytimes.com/2023/06/26/health/cancer-drugs-shortage.html

What Is Happening in the Housing Market?

Home construction surged in May and prices have ticked up, even with interest rates at a 15-year high. The resilience has surprised some economists. source https://www.nytimes.com/2023/06/26/business/economy/housing-market-construction-cost.html

Deal for Formula 1 Team Reflects Growing U.S. Interest in the Sport

The actor Ryan Reynolds and the private equity firm RedBird Capital are among the investors taking a stake in Renault’s Alpine team. source https://www.nytimes.com/2023/06/26/business/dealbook/formula-1-deal-alpine-renault.html

A.I.s Use in Elections Sets Off a Scramble for Guardrails

Gaps in campaign rules allow politicians to spread images and messaging generated by increasingly powerful artificial intelligence technology. source https://www.nytimes.com/2023/06/25/technology/ai-elections-disinformation-guardrails.html

How People in the Queer Community Think About Personal Finance

The cost of family planning and transition care — and other personal finance stories from L.G.B.T.Q. people. source https://www.nytimes.com/2023/06/25/business/queer-lgbtq-financial-planning.html

Harvards Francesca Gino Dishonesty Expert Is Accused of Fraud

Questions about a widely cited paper are the latest to be raised about methods used in behavioral research. source https://www.nytimes.com/2023/06/24/business/economy/francesca-gino-harvard-dishonesty.html

Hollywood Directors Ratify Their Contract

The vote prevented the doomsday scenario of three major Hollywood unions striking simultaneously. The actors’ union is still negotiating. source https://www.nytimes.com/2023/06/23/business/media/hollywood-directors-ratify-contract.html

Barry Diller Ends Talks to Sell The Daily Beast

Mr. Diller said he had considered combining The Daily Beast with Ankler Media, a start-up co-founded by Janice Min, a longtime magazine editor. source https://www.nytimes.com/2023/06/23/business/daily-beast-sale-talks-end.html

Titan Submersible Tragedy Sheds Light on Lack of Safeguards for High-Risk Travel

The Titan submersible tragedy spotlights the issues around rescue operations and government oversight as an increasing number of wealthy thrill seekers undertake risky adventures and expeditions. source https://www.nytimes.com/2023/06/23/travel/titan-sub-oceangate-adventure-travel.html

7.5 Million Baby Shark Bath Toys Are Recalled After Reports of Children Being Injured

At least a dozen people have reported being injured by the toy. The top fins pose a risk of “impalement, lacerations and punctures,” the U.S. Consumer Product Safety Commission said. source https://www.nytimes.com/2023/06/23/business/baby-shark-bath-toy-recall.html

How to Turn Your Chatbot Into a Life Coach

A chatbot can be an effective motivator that helps you set goals and organize your schedule to achieve them. source https://www.nytimes.com/2023/06/23/technology/ai-chatbot-life-coach.html

Canadas Online News Act Targets Facebook and Google

A new Canadian law will require technology companies to license news content. Facebook’s owner said it would drop news from the platform. source https://www.nytimes.com/2023/06/23/business/media/meta-google-canada-news-facebook-instagram.html

3M Reaches $10.3 Billion Settlement in Forever Chemicals Suits

The deal followed an agreement by Chemours, DuPont and Corteva to pay $1.19 billion to help resolve claims that the chemical manufacturers contaminated drinking water across the country. source https://www.nytimes.com/2023/06/22/business/3m-settlement-forever-chemicals-lawsuit.html

Wyoming Judge Temporarily Blocks States Ban on Abortion Pills

The law was to take effect on July 1. It is the only state law that specifically outlaws the most common abortion method in the country. source https://www.nytimes.com/2023/06/22/health/wyoming-abortion-pill-ban.html

TikTok Shakes Up Leadership Amid Questions About Its Future

The app’s chief operating officer is stepping down, and the company is bringing in a new executive to run its communications department. source https://www.nytimes.com/2023/06/22/business/tiktok-leadership-shake-up-v-pappas.html

Fortress Investment Group Set to Acquire Vice Out of Bankruptcy

The company was part of a group of bidders that offered $225 million to acquire the bankrupt media company. source https://www.nytimes.com/2023/06/22/business/fortress-vice-bankruptcy.html

The F.T.C.s Lina Khan Finally Begins to Take on Amazon

The F.T.C. chair shot to fame six years ago after publishing an academic article that the company needed to be contained. Legal experts wonder if that time has come. source https://www.nytimes.com/2023/06/22/business/dealbook/ftc-lina-khan-amazon.html

Bank of England Pushes Interest Rates Up by a Half Point

‘We know this is hard,’ the bank’s governor said, after raising rates higher than expected to fight persistent inflation. source https://www.nytimes.com/2023/06/22/business/economy/bank-of-england-interest-rates-inflation.html

Global Climate Economy Conference Begins in Paris

Hundreds of representatives from about 80 countries are gathering in Paris to talk about rebuilding a monetary system many say is ill-suited to a changing planet. source https://www.nytimes.com/2023/06/22/world/europe/paris-climate-economy-conference.html

Chinas Cloud Computing Firms Raise Concern for U.S.

The Biden administration is exploring whether it can mount a campaign against Chinese tech giants like Alibaba and Huawei, potentially fueling tensions with Beijing. source https://www.nytimes.com/2023/06/21/technology/china-cloud-computing-concern.html

Oscars Best Picture Hopefuls Must Spend More Time in Theaters

To be eligible for the academy’s top prize, films will need to have an initial theatrical run of a week in one of six U.S. cities, and then expand to other cities across the country. source https://www.nytimes.com/2023/06/21/business/media/academy-awards-best-picture-eligibility.html

Alitos Reply in a Rival Publication Surprises ProPublica

The Wall Street Journal made the unusual decision to let Justice Samuel A. Alito Jr. pre-empt ProPublica’s article about him in its opinion pages. source https://www.nytimes.com/2023/06/21/business/media/alito-propublica-wall-street-journal.html

Emmys May Be Pushed Back Because of Writers Strike

Organizers of the September event are said to be discussing a postponement, possibly for months, if the strike lasts deep into the summer. source https://www.nytimes.com/2023/06/21/business/media/emmy-awards-writers-strike.html

Daniel Ellsberg Pentagon Papers Source Had Uneasy Relationship With The Times

Mr. Ellsberg took issue with how the newspaper portrayed his role, and how he was treated by the project’s primary reporter. source https://www.nytimes.com/2023/06/21/business/media/daniel-ellsberg-pentagon-papers-nyt.html

How Unilever Is Working to Understand Black Womens Hair

Each week, the global conglomerate Unilever brings people into a salon to test new products. It’s hoping to get a bigger piece of the long undervalued but growing Black beauty market. source https://www.nytimes.com/2023/06/21/business/unilever-black-women-hair-products.html

Reddit Communities Still Dark As Protest Continues

Users’ anger continued to bubble over changes to the company’s business model. source https://www.nytimes.com/2023/06/20/business/media/reddit-moderators-api-protest.html

Gannett Sues Google Accusing It of Dominating the Ad Market

The country’s largest newspaper chain said that Google’s power over ad technology has contributed to the decline of local news. source https://www.nytimes.com/2023/06/20/business/media/gannett-google-lawsuit.html

What Businesses Can Learn from Antony Blinkens China Trip

The secretary of state’s talks with Xi Jinping raised hopes that the world’s two biggest economies might stabilize relations, but the big challenges were not resolved. source https://www.nytimes.com/2023/06/20/business/dealbook/blinken-china-beijing-business.html

How Pay Transparency Laws Help and Limit Job Seekers

Salary disclosure laws have been a boon for workers searching for jobs that pay fairly — but only when the advertised pay bands are narrow enough to be useful. source https://www.nytimes.com/2023/06/20/business/job-search-salary-ranges.html

Final Fantasy XVI Takes on Its Star Wars Problem

Square Enix is trying to make a role-playing game for old fans and new gamers alike, a precarious tightrope for aging franchises. source https://www.nytimes.com/2023/06/20/arts/final-fantasy-xvi-square-enix.html

Return to Office Enters the Desperation Phase

The next stage of getting workers back at their desks includes incentives like $10 to the charity of their choice — and consequences like poor performance evaluations if they don’t make the trek in. source https://www.nytimes.com/2023/06/20/business/return-to-office-remote-work.html

G.O.P. Targets Researchers Who Study Disinformation Ahead of 2024 Election

A legal campaign against universities and think tanks seeks to undermine the fight against false claims about elections, vaccines and other hot political topics. source https://www.nytimes.com/2023/06/19/technology/gop-disinformation-researchers-2024-election.html

Chinas Central Bank Cuts Loan Prime Rates

The reduction in the rates, which are used to set corporate loans and home mortgages, signal concern that the country’s post-pandemic rebound is stalling. source https://www.nytimes.com/2023/06/19/business/china-loan-prime-rates.html

Jeffrey Epstein Acted Like an Adviser to JPMorgan Executive

A court document shows that James E. Staley of JPMorgan Chase consulted with Mr. Epstein, a registered sex offender, on a wide variety of matters. source https://www.nytimes.com/2023/06/19/business/jeffrey-epstein-jpmorgan.html

Chinas Economic Rebound Hits a Wall With No Quick Fix to Revive It

Policymakers and investors expected China’s economy to rev up again after Beijing abruptly dropped Covid precautions, but recent data shows alarming signs of a slowdown. source https://www.nytimes.com/2023/06/19/business/economy/china-economy-stimulus.html

The Best Gear for a Walking Vacation

Whether you’re planning an afternoon walk through city streets, a multiday trek on a pilgrimage route, or something in between, here’s what you’ll need. source https://www.nytimes.com/2023/06/19/travel/trail-walking-gear.html

The Best Gear for a Walking Vacation

Whether you’re planning an afternoon walk through city streets, a multiday trek on a pilgrimage route, or something in between, here’s what you’ll need. source https://www.nytimes.com/2023/06/19/travel/the-gear-you-need-to-hit-the-trail.html

New Zealand House Prices Have Crashed Wiping Out Billions in Wealth

In New Zealand, high interest rates have sent property prices sliding nearly 18 percent since November 2021. source https://www.nytimes.com/2023/06/19/business/new-zealand-housing-prices.html

Pixars Elemental Falls Flat Adding to Worries About the Brand

The original animated film took in $29.5 million at the box office, by far the worst opening in Pixar’s three-decade history. “The Flash,” from Warner Bros., also struggled. source https://www.nytimes.com/2023/06/18/business/pixar-elemental-the-flash-box-office.html

Pride at Work Is Priceless but Its Nice to Be Paid

In June, when rainbow flags are everywhere, including corporate logos, it’s meaningful to see a company support queer employees and allies with compensation. source https://www.nytimes.com/2023/06/18/business/roxane-gay-lgbtq-work.html

Why What We Thought About the Global Economy Is No Longer True

While the world’s eyes were on the pandemic, the war in Ukraine and China, the paths to prosperity and shared interests have grown murkier. source https://www.nytimes.com/2023/06/18/business/economy/global-economy-us-china.html

3 Charged With New Hampshire Public Radio Attacks

The homes of New Hampshire Public Media journalists were vandalized after they aired a sexual harassment investigation involving a prominent businessman in the state. source https://www.nytimes.com/2023/06/16/business/media/nhpr-attacks-arrests.html

The Business of Being Chris Christie

Mr. Christie left the governor’s office in New Jersey and set out to, as he put it, “make money.” He successfully traded on his political profile — and on his ties to the man he now wants to defeat. source https://www.nytimes.com/2023/06/16/us/politics/chris-christie-business.html

Richard Severo Times Reporter in Internal Clash Over Book Dies at 90

He challenged a company’s prerogative to transfer an employee and a news organization’s ability to assert publishing rights when a reporter’s articles are used for a book. source https://www.nytimes.com/2023/06/16/business/media/richard-severo-dead.html

States Try Easing the Burden of Long-Term Cares High Cost

Seeing their own financial benefits, too, Washington and California are among the states creating programs to help older residents. source https://www.nytimes.com/2023/06/16/business/retirement-long-term-care-insurance.html

Mixed Business at an Anxious Art Basel

Dealers were hoping to send positive signals in the face of a possible downturn, but the Swiss fair’s bustle didn’t always translate into sales. source https://www.nytimes.com/2023/06/16/arts/design/art-basel.html

Its Not Just You: Many People Confront Health Insurance Obstacles on Care and Bills

A new survey indicates that a majority of U.S. adults who are insured have experienced a raft of problems including troubles with access to medical care and unexpected, higher bills. source https://www.nytimes.com/2023/06/15/health/health-insurance-medical-bills.html

Christine McCarthy Is Stepping Down as Disneys Chief Financial Officer

Christine M. McCarthy, who held the role for eight years, helped stabilize the company during the pandemic and played a key role in Bob Chapek’s ouster. source https://www.nytimes.com/2023/06/15/business/media/disney-christine-mccarthy.html

FDA Panel Recommends a Covid Vaccine Aimed at Only the XBB Variant

An F.D.A. advisory panel told manufacturers to aim the latest coronavirus vaccine for the fall at the dominant SARS-CoV-2 variant. source https://www.nytimes.com/2023/06/15/health/fda-covid-vaccine-boosters-xbb.html

In Sam Bankman-Fried Case U.S. Withdraws New Charges

Prosecutors said they were willing to proceed to trial in October without pursuing charges they filed against Mr. Bankman-Fried after he was extradited from the Bahamas last year. source https://www.nytimes.com/2023/06/15/business/sam-bankman-fried-charges.html

West Coast Dockworkers Reach Contract Deal With Port Operators

After a year of prolonged negotiations that have led to delays and declines in cargo, the two sides agreed to a new contract with help from the Biden administration. source https://www.nytimes.com/2023/06/14/business/west-coast-dock-workers-contract.html

Frozen Strawberries Recalled After Hepatitis A Infections

The F.D.A. urges checking freezers for the affected products sold at Walmart, Costco, Trader Joe’s and other retailers. source https://www.nytimes.com/2023/06/14/business/fda-recalls-frozen-strawberries.html

Fed Pauses Interest Rate Increases But Suggests More in Future

Central bankers have lifted rates at the fastest pace since the 1980s, but now they’re taking time to survey how the changes are working. source https://www.nytimes.com/2023/06/14/business/what-to-know-about-the-feds-meeting-today.html

Ivan Menezes Who Led a Liquor Giant Dies at 63

As chief executive of Diageo for a decade, he presented alcohol as an attainable luxury and helped brands like Smirnoff, Guinness and Johnnie Walker grow. source https://www.nytimes.com/2023/06/14/business/ivan-menezes-dead.html

Is the Fed about to skip or pause? On Wall Street the answer is critical.

source https://www.nytimes.com/live/2023/06/14/business/fed-interest-rates/is-the-fed-about-to-skip-or-pause-on-wall-street-the-answer-is-critical

Binance Spars With U.S. Regulators Over Asset Freeze

A judge urged the Securities and Exchange Commission to reach a compromise with Binance that would allow the world’s largest cryptocurrency exchange to continue operating in the United States. source https://www.nytimes.com/2023/06/13/technology/binance-sec-cryptocurrency.html

TV News Covered Trumps Miami Arraignment With Wall-to-Wall Coverage

Three of the major broadcast networks — ABC, NBC and CBS — interrupted their usual afternoon programming to cover the news. source https://www.nytimes.com/2023/06/13/business/media/trump-indictment-arraignment-tv-news-coverage.html

Yellen Says Bid to Decouple From China Would Be Disastrous

The Treasury secretary, speaking to a House committee, said trade and investment were crucial in U.S.-Chinese relations. source https://www.nytimes.com/2023/06/13/business/economy/janet-yellen-china.html

U.S. Food Prices Rose 0.2% in May

Prices at grocery stores and restaurants rose 0.2 percent last month from April, an increase after prices remained flat the two months before. source https://www.nytimes.com/2023/06/13/business/food-prices-inflation-may.html

Accenture Will Invest $3 Billion to Expand Its A.I. Offerings

The consulting firm is the latest to invest heavily in artificial intelligence, even as big businesses grapple with the potential fallout from the technology. source https://www.nytimes.com/2023/06/13/business/dealbook/accenture-ai-billion-consulting.html

Has America Ignored the Workplace for Too Long?

Barack Obama’s Netflix series “Working” tries to catch you up on decades of change — more than it has time for. source https://www.nytimes.com/2023/06/13/magazine/working-netflix-obama.html

The Athletic Lays Off Nearly 4% of Its Newsroom

Nearly 20 journalists will lose their jobs and more than 20 others will be moved to new assignments. source https://www.nytimes.com/2023/06/12/business/media/the-athletic-layoffs.html

JPMorgan Seeks to Settle Lawsuit by Jeffrey Epstein Victims

After weeks of embarrassing disclosures, the Wall Street giant reached a tentative settlement with the convicted sex offender's victims. source https://www.nytimes.com/2023/06/12/business/dealbook/jpmorgan-epstein-settlement.html

JPMorgan Reaches Settlement With Epstein’s Victims

The proposed deal would settle a suit on behalf of victims who were sexually abused by Jeffrey Epstein, over claims the bank ignored warnings about him. source https://www.nytimes.com/2023/06/12/business/jpmorgan-settlement-jeffrey-epstein-victims.html

Hong Kong Judge Delays Decision on Ban of ‘Glory to Hong Kong’

The government, seeking a broad order to stop the internet distribution of “Glory to Hong Kong,” will return to court next month to address a judge’s questions. source https://www.nytimes.com/2023/06/12/business/glory-to-hong-kong-injunction.html

WeWork Faces More Turmoil After Its CEO Departs

The company’s top boss, a real estate industry veteran, abruptly left in May after growing frustrated with SoftBank, its largest shareholder and lender. source https://www.nytimes.com/2023/06/12/business/wework-softbank-sandeep-mathrani.html

As the Fed Meets, It Shares an Inflation Problem With the World

Inflation is stubborn across a range of economies. Given its staying power, investors expect the Fed to pause rate moves only temporarily. source https://www.nytimes.com/2023/06/12/business/economy/fed-interest-rates-inflation.html

Newspapers Printed Unabomber’s Manifesto in 1995. It’s Still Fiercely Debated.

It wouldn’t be the last time the media would grapple with whether to publish something that might inspire others to take harmful actions. source https://www.nytimes.com/2023/06/11/business/media/unabomber-manifesto-ethics-journalism.html

Silicon Valley Confronts the Singularity

The frenzy over artificial intelligence may be ushering in the long-awaited moment when technology goes wild. Or maybe it’s the hype that is out of control. source https://www.nytimes.com/2023/06/11/technology/silicon-valley-confronts-the-idea-that-the-singularity-is-here.html

After LIV Golf, What Will Be the Next Saudi Sports Bet?

The kingdom’s enormous sovereign wealth fund, which backed the golf series, has an appetite for sports. Its deal with the PGA Tour may pave the way for more investments. source https://www.nytimes.com/2023/06/10/business/dealbook/saudi-sports-investing.html

William E. Spriggs, Economist Who Pushed for Racial Justice, Dies at 68

An educator who served in the Obama administration, he championed workers, especially Black workers, and challenged his profession’s racial assumptions. source https://www.nytimes.com/2023/06/09/business/william-spriggs-dead.html

What Do Binance.US’s New Rules on Trading Dollars Mean for Customers?

The company said that it would no longer allow trades with U.S. dollars on its platform. Customers were urged to withdraw funds by Tuesday. source https://www.nytimes.com/2023/06/09/business/binanceus-new-rules-trading-dollars.html

The Risks of Storing Money in Apps Like Venmo and Cash App

The Consumer Financial Protection Bureau is warning that the funds may be at risk if the app’s parent company runs into trouble. source https://www.nytimes.com/2023/06/09/your-money/venmo-cash-app-paypal-payment-apps.html

Donald Trump’s Latest Indictment May Reshape the 2024 Race

The former president, who faces seven criminal charges for mishandling classified documents, is expected to surrender to authorities next week. source https://www.nytimes.com/2023/06/09/business/dealbook/trump-indictment-2024.html

How Engagement Rings Explain What’s Happening in the Economy

A major jeweler claims the pandemic may have prevented people from meeting their future fiancés, cutting demand for engagement rings. Inflation and anxiety among shoppers haven’t helped. source https://www.nytimes.com/2023/06/09/business/economy/wedding-engagement-rings-economy.html

China’s Biggest Banks Cut Deposit Rates to Spur Consumer Spending

China’s largest state-run banks lowered interest rates on deposits, reflecting a growing concern that the economy has not rebounded as strongly as expected. source https://www.nytimes.com/2023/06/09/business/china-bank-deposit-rate-cuts.html

Energy Drinks Are Surging. So Are Their Caffeine Levels.

More companies are pushing low-calorie, sugar-free beverages they say are healthy. Some servings have nearly the same level of caffeine as a six-pack of Coca-Cola. source https://www.nytimes.com/2023/06/09/business/prime-monster-energy-drinks-caffeine.html

Binance Halts Trading in Dollars on Binance.US

Banks have signaled that they will stop working with the company’s American branch, it said, after the Securities and Exchange Commission sued it this week. source https://www.nytimes.com/2023/06/09/business/binance-us-trading-halt.html

GM’s Electric Vehicles Will Use Tesla’s Charging Network

The electric car company, which operates the country’s most extensive charging network, struck a similar deal with Ford Motor recently. source https://www.nytimes.com/2023/06/08/business/general-motors-tesla-electric-vehicles-charging.html

After a Rocky Year, Zuckerberg Lays Out Meta’s Road Map to Employees

In an internal all-hands meeting, the chief executive explained his plans for artificial intelligence, the metaverse and rebooting Meta’s culture. source https://www.nytimes.com/2023/06/08/technology/mark-zuckerberg-meta.html

Supreme Court Rules Against Dog Toy Resembling Jack Daniel’s Bottle

The case, a trademark dispute, pitted Jack Daniel’s against Bad Spaniels Silly Squeakers, which looks like the distiller’s distinctive bottle and adds potty humor. source https://www.nytimes.com/2023/06/08/us/dog-toy-jack-daniels-supreme-court.html

A New Website Helps Travelers Find the Cheapest Hotel Room.

The website, which offers hotel deals and then monitors them for price changes, is the newest player in the price-hacking travel game. source https://www.nytimes.com/2023/06/08/travel/hotel-booking-websites.html

A $1 Trillion Borrowing Binge Looms After Debt Limit Standoff

The government has avoided default, but the effects of the debt-ceiling brinkmanship may still ripple across the economy. source https://www.nytimes.com/2023/06/07/business/economy/debt-ceiling-borrowing-binge.html

David Zaslav Picked Chris Licht to Revamp CNN. Now What?

Mr. Zaslav, the head of Warner Bros. Discovery, must find a new leader who shares his vision for the network and can figure out its financial future. source https://www.nytimes.com/2023/06/07/business/media/cnn-david-zaslav-chris-licht.html

Universal Says On-Demand Film Strategy Has Increased Audience

The studio let viewers rent or buy movies earlier for a higher price. This made more than $1 billion in less than three years, with nearly no decrease in box-office sales. source https://www.nytimes.com/2023/06/07/business/media/universal-premium-video-on-demand.html

Crypto Crackdown: Coinbase and Binance Lawsuits Shake Markets

The S.E.C.’s actions indicate a push to require crypto businesses offering securities to follow the same rules as traditional stock and bond exchanges. source https://www.nytimes.com/2023/06/07/business/sec-lawsuit-crytocurrency-explainer.html

These Wheelchairs Are Helping Disabled Travelers Enjoy the Beach

Wheelchairs with balloon-like tires are available at a growing number of U.S. beaches, giving disabled people and their families more options for fun in the sun. source https://www.nytimes.com/2023/06/07/travel/beach-wheelchairs-disabled-travel.html

Crypto Firms Start Looking Abroad as U.S. Cracks Down

As the country becomes one of the world’s strictest crypto regulators, companies are exploring plans to expand internationally and possibly leave entirely. source https://www.nytimes.com/2023/06/07/technology/crypto-firms-start-looking-abroad-as-us-cracks-down.html

Ronnie Cummins, Scourge of Genetically Modified Food, Dies at 76

A lifelong protester, he became a leading promoter of organic food and a forceful critic of a food industry that genetically engineers what it produces and sells. source https://www.nytimes.com/2023/06/06/health/ronnie-cummins-dead.html

Hotelier Stops Making Loan Payments on Two San Francisco Properties

Park Hotels & Resorts said it stopped making payments on a $725 million loan tied to two prominent hotels in a city hit hard by pandemic-related changes. source https://www.nytimes.com/2023/06/06/business/dealbook/park-hotels-and-resorts-san-francisco.html

Venture Capital Giant Sequoia Spins Off China and India Units

The Silicon Valley firm said that the split would simplify its business. The move comes amid rising tensions between the United States and China over technology investment and development. source https://www.nytimes.com/2023/06/06/business/dealbook/sequoia-capital-split-china-india.html

World Bank Projects Weak Global Growth Amid Rising Interest Rates

A new report projects that economic growth will slow this year and remain weak in 2024. source https://www.nytimes.com/2023/06/06/business/economy/world-bank-projections.html

Apple Bets the Vision Pro Can Take the Metaverse Mainstream

The iPhone maker is making a bold bet that it can redefine the niche category of virtual reality with its $3,500 goggles. source https://www.nytimes.com/2023/06/06/business/dealbook/apple-metaverse-virtual-reality.html

LGBTQ Travelers Venture to Places Where Being Gay Is Illegal

Tropical reefs, safaris, the pyramids: L.G.B.T.Q. travel companies deliver dream vacations, even to places where being out and proud could land you in prison. source https://www.nytimes.com/2023/06/06/travel/lgbtq-vactation-gay-rights.html

Actors Authorize Potential Strike With Hollywood Writers Still Picketing

The vote does not guarantee a walkout. The actors and studios will begin negotiations on Wednesday. source https://www.nytimes.com/2023/06/05/business/media/hollywood-actors-strike-vote.html

Chris Licht of CNN Faces a Crisis. Here’s Why.

Mr. Licht, the network’s chief executive, said on an internal call on Monday that he would “fight like hell” to win back the trust of the network. source https://www.nytimes.com/2023/06/05/business/media/chris-licht-cnn-crisis.html

Apple Debuts Its VR Headset

The device, called Vision Pro and shaped like a pair of ski goggles, faces a skeptical consumer market and competition from others, like fellow tech giant Meta. source https://www.nytimes.com/2023/06/05/technology/apple-headset-virtual-reality-wwdc.html

Hundreds of Gannett Journalists Walk Out

The union representing the company’s newsroom employees has urged a vote of no-confidence against the C.E.O. at a shareholder meeting on Monday. source https://www.nytimes.com/2023/06/05/business/media/gannett-journalists-walk-out.html

Saudi Arabia Cuts Oil Production to Boost Prices

Brent crude rose on Monday after the world’s biggest oil producer announced it would be the lone OPEC Plus member to cut production next month. source https://www.nytimes.com/2023/06/05/business/dealbook/saudi-arabia-opec-oil-prices.html

Twitter’s U.S. Ad Sales Plunge 59% as Woes Continue

In internal forecasts, the company projected that ad sales would keep declining, handing a tough challenge to its new chief executive. source https://www.nytimes.com/2023/06/05/technology/twitter-ad-sales-musk.html

Hundreds Were Mistakenly Told They Might Have Cancer, Test Company Says

Grail, which makes a blood test for cancer, said a vendor’s software issue caused inaccurate letters to be sent to about 400 customers last month. source https://www.nytimes.com/2023/06/04/business/grail-blood-test-mistake-cancer.html

Saudi Arabia Says It Will Cut Production to Stem a Slide in Oil Prices

OPEC Plus, the group of major oil producers, said it would continue its recent cuts in output, but Saudi Arabia said it would cut further for at least a month. source https://www.nytimes.com/2023/06/04/business/oil-prices-opec-plus.html

The Man Reimagining Disney Classics for Today’s World

Sean Bailey is in charge of live-action remakes of films like “The Little Mermaid.” It’s a job that puts him in the middle of a partisan divide. source https://www.nytimes.com/2023/06/04/business/media/disney-sean-bailey-live-action.html

These Activists Distrust Voting Machines. Just Don’t Call Them Election Deniers.

As election activists rally against new voting machines, they are drifting into territory now dominated by conspiracy theorists. source https://www.nytimes.com/2023/06/04/technology/voting-machines-election-deniers.html

Hollywood Directors Reach Deal With Studios as Writers’ Strike Continues

The tentative agreement includes improvements in wages and guardrails around artificial intelligence. source https://www.nytimes.com/2023/06/04/business/media/hollywood-directors-guild-deal.html

Chuck Todd to Leave ‘Meet the Press’

He will be succeeded by Kristen Welker, NBC’s chief White House correspondent and the co-anchor of “Weekend Today.” source https://www.nytimes.com/2023/06/04/business/media/chuck-todd-meet-the-press.html

Jeff Zucker’s View From Outside CNN: He Could Do Better

It’s been more than a year since he was forced from the top job at the network. Since then, he has made no secret of his frustrations with his exit — or his low regard for the man who replaced him, Chris Licht. source https://www.nytimes.com/2023/06/04/business/jeff-zucker-cnn-chris-licht.html

Former CNN Chief Jeff Zucker Has a New Job at RedBird IMI. What Is It?

Mr. Zucker is C.E.O. of a $1 billion investment venture backed by RedBird Capital Partners and International Media Investments, an Emirati firm. source https://www.nytimes.com/2023/06/04/business/jeff-zucker-redbird-imi.html

Who Is Liable for A.I. Creations?

Tools like ChatGPT could open a new line of questions around tech products and harmful content. source https://www.nytimes.com/2023/06/03/business/who-is-liable-for-ai-creations.html

Older TikTok Creators Are in Demand by Brands

No matter what their age or finances, some elder influencers are finding that being on the app can bring them extra cash, or even help them extend their careers. source https://www.nytimes.com/2023/06/03/business/older-creators-tiktok-brands.html

Harvey Pitt, S.E.C. Chair Who Resigned Amid Scandals, Dies at 78

Mr. Pitt, who served under President George W. Bush, oversaw a swift reopening of stock exchanges after 9/11 but was tarnished by later missteps. source https://www.nytimes.com/2023/06/02/business/harvey-pitt-dead.html

NPR’s Terence Samuel Is Named Top Editor of USA Today

Mr. Samuel, who will start in July, has overseen NPR’s news gathering. source https://www.nytimes.com/2023/06/02/business/media/terence-samuel-usa-today.html

G.M. and Stellantis Paid $364 Million in Fuel Economy Fines

The automakers paid the federal government for falling short of efficiency standards for cars and trucks in recent years. source https://www.nytimes.com/2023/06/02/business/gm-stellantis-fines-cars-fuel-economy.html

U.S. Job Growth Remains Strong Despite Economic Clouds

Employers added 339,000 workers in May, the Labor Department said, though the report also offered signs of shakiness. source https://www.nytimes.com/2023/06/02/business/economy/jobs-report-may-2023.html

Apple Is Stepping Into the Metaverse. Will Anyone Care?

Interest in the futuristic, immersive digital world is fading just as Apple plans to debut a virtual reality device. source https://www.nytimes.com/2023/06/02/technology/apple-metaverse-vr.html

Tripped Up: Resolving a United Dispute Over Refundable Tickets

A couple had to cancel a South America trip for which they’d bought refundable tickets. The airline wouldn’t cough up the cash, and they felt like they’d hit the brick wall of bureaucracy — until our columnist stepped in. source https://www.nytimes.com/2023/06/02/travel/united-refundable-tickets-flights.html

Investors Sour on China’s Stocks, Renewing Fears About Economy

They initially reacted enthusiastically to China’s reversal of pandemic restrictions but have since taken a dimmer view of the country’s recovery. source https://www.nytimes.com/2023/06/02/business/china-stocks-hang-seng-csi-300.html

Judge in Disney World Case Steps Aside but Blasts Ron DeSantis’s Lawyers

The judge accused Gov. Ron DeSantis’s lawyers, who wanted him off the case, of “rank judge shopping.” But he disqualified himself because a relative owns Disney stock. source https://www.nytimes.com/2023/06/01/business/disney-desantis-judge-mark-walker.html

Judge Dismisses D.C.’s Privacy Lawsuit Against Meta

The District of Columbia accused the company of sharing user data in deceptive ways. A Superior Court decision said Meta had made its policies clear. source https://www.nytimes.com/2023/06/01/technology/meta-privacy-lawsuit-district-of-columbia.html

Boeing and NASA Delay Launch of Starliner Over Parachutes and Wiring

The Starliner capsule was poised to fly people to orbit in July for the first time. But reviews found problems with its parachutes and its wiring. source https://www.nytimes.com/2023/06/01/science/nasa-boeing-starliner-delay.html

How to Enforce a Debt Deal: Through ‘Meat-Ax’ Cuts Nobody Wants

The debt-limit legislation includes a provision meant to force both sides to pass additional bills following through on their deal: the threat of automatic cuts if they fail to do so. source https://www.nytimes.com/2023/06/01/us/politics/debt-limit-spending-cuts.html

The Nonstop Work of Ukrainian Air Defenses: ‘We Have No Days Off’

Russian air attacks on Kyiv have come in relentless waves. Yet very little has penetrated the patched-together but increasingly sophisticated air defense network. Here’s why. source https://www.nytimes.com/2023/06/01/world/europe/ukraine-kyiv-air-defense-russia.html