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Showing posts from August, 2023

How the Dream of Building a California City From Scratch Got Started

A former Goldman Sachs trader moved to the Bay Area to make it in tech. He ended up buying rural land with money from some of Silicon Valley’s wealthiest people. source https://www.nytimes.com/2023/08/31/business/california-solano-county-city.html

These Legacy Design Brands Honor Generations of Expectations

Scions of their family businesses are embracing legacies, whether lost or lasting, while tackling a future that their forebears would barely recognize. source https://www.nytimes.com/2023/08/31/style/legacy-design-brands.html

Wall Street Moguls Win Important Backer in Their Fight Over Hedge Fund Sale

A group of high-profile investors is pushing to buy a storied hedge fund that has already agreed to be sold to another firm. source https://www.nytimes.com/2023/08/31/business/dealbook/sculptor-hedge-fund-sale.html

UBS Earns $29 Billion From Badwill Tied to Credit Suisse Deal

The Swiss bank’s sharply discounted takeover of Credit Suisse led to a paper gain that gave it the biggest quarterly profit by a bank in history. source https://www.nytimes.com/2023/08/31/business/dealbook/ubs-billion-credit-suisse-deal.html

Eurozone Inflation Holds Steady at 5.3 Percent

Prices rose at an annual rate of 5.3 percent, defying expectations of a slowdown. The news may bolster the case for another European Central Bank interest rate increase. source https://www.nytimes.com/2023/08/31/business/europe-eurozone-inflation.html

The U.S. and China Are Talking Again. Where It Will Lead Is Unclear.

Gina Raimondo, the U.S. commerce secretary, and her Chinese counterparts agreed to continue economic talks, but such dialogues have a disheartening record. source https://www.nytimes.com/2023/08/31/business/economy/us-china-talks-gina-raimondo.html

Trader Joe’s Recalls Tamales, the Company’s Sixth Since July

The company cited potential milk contamination of the tamales. Other products had potentially been contaminated with rocks, insects and metal. source https://www.nytimes.com/2023/08/30/business/trader-joes-recall-tamales.html

The Fight to Control Big Gay Ice Cream in New York City

A company that rode to success with an inclusive message has shrunk to a single store, as a founder sues a partner he accuses of mismanagement and fraud. source https://www.nytimes.com/2023/08/30/dining/big-gay-ice-cream-nyc.html

Big Gay Ice Cream in New York City Hits Hard Times

A company that rode to success with an inclusive message has shrunk to a single store, as a founder sues a partner he accuses of mismanagement and fraud. source https://www.nytimes.com/2023/08/30/dining/big-gay-ice-cream-nyc-hits-hard-times.html

Richard Ekstract, Magazine Publisher With Link to Warhol, Dies at 92

He was promoting a new trade journal, Tape Recording, when he lent a video recorder to Andy Warhol, who used it to make a classic work with Edie Sedgwick. source https://www.nytimes.com/2023/08/30/business/media/richard-ekstract-dead.html

Voice Deepfakes Are the Latest Threat to Your Bank Balance

Artificial intelligence tools have given scammers a potent weapon for trying to trick people into sending them money. source https://www.nytimes.com/2023/08/30/business/voice-deepfakes-bank-scams.html

Parisians Want to Bring Their Neighbors Closer Together. But First, Cheese.

A grass-roots movement aims to recast urban living in Paris and other cities around the world through a hyperlocal prism of neighborliness. source https://www.nytimes.com/2023/08/30/realestate/paris-cities-neighbors.html

CNN Is Expected to Pick Mark Thompson as Next Leader

Mr. Thompson, who helped revitalize The New York Times, will take over at a pivotal moment for the news network. source https://www.nytimes.com/2023/08/29/business/cnn-mark-thompson.html

Where Tech Investors Are Buying Up Land, Locals Are Worried

In Solano County, Calif., longtime residents are both worried and baffled by an ambitious plan to build a city where there is now mostly farmland. source https://www.nytimes.com/2023/08/29/technology/solano-flannery-tech-city.html

Bitcoin Jumps as Court Ruling Paves Way for Cryptocurrency E.T.F.

A federal appeals court ruled that the Securities and Exchange Commission had wrongfully denied Grayscale Investments’ application to create a cryptocurrency fund that sells on stock exchanges. source https://www.nytimes.com/2023/08/29/business/cryptocurrency-grayscale-bitcoin-etf.html

Florida Officials Warn of Fuel Contamination as Idalia Approaches

The contamination, which officials said resulted from the accidental mixing of diesel and gasoline, comes as Gulf Coast residents face potential evacuation orders. source https://www.nytimes.com/2023/08/28/us/florida-gas-diesel-contamination-idalia.html

U.S. and China Agree to Broaden Talks in Bid to Ease Tensions

During a visit to Beijing, Gina Raimondo, the commerce secretary, said the two sides would meet to discuss export restrictions and intellectual property, among other issues. source https://www.nytimes.com/2023/08/28/business/economy/united-states-china-trade-talks-raimondo.html

U.K. Airports Hit by Flight Delays Over ‘Technical Issue’

Britain’s air traffic control agency warned of “flow restrictions” while it tried to find and fix a system fault, with long waits likely as a result. source https://www.nytimes.com/2023/08/28/world/europe/uk-airport-flight-delays.html

Commerce Secretary Gina Raimondo Walks a Tightrope in China

Commerce Secretary Gina Raimondo has kicked off her China tour, calling for “stable” trade relations even as both countries continue to chip away at them. source https://www.nytimes.com/2023/08/28/business/dealbook/commmerce-raimondo-china.html

Travel Apps and Websites for Last-Minute Labor Day Plans

Pulling off one last summer getaway, even over a holiday weekend, is still possible. Here’s how. source https://www.nytimes.com/2023/08/28/travel/labor-day-travel-apps-flights-hotels.html

Electric Vehicle Charging Can Be Confusing. Here’s What to Know.

Many carmakers and charging companies are switching to the Tesla plug for electric vehicles. Why are they doing that and what will it mean? source https://www.nytimes.com/2023/08/28/business/energy-environment/electric-vehicle-chargers-plugs-tesla.html

U.S. Commerce Secretary Faces a Wide Range of Issues in China

The secretary said she planned to discuss U.S. technology controls, commercial disputes and opportunities for doing more business in her visits to Beijing and Shanghai this week. source https://www.nytimes.com/2023/08/27/business/gina-raimondo-china-agenda.html

Veteran Studio Negotiator Faces Striking Writers and Actors

Carol Lombardini, the studio voice in union talks, values a low profile. That hasn’t kept striking writers and actors from casting her as a villain. source https://www.nytimes.com/2023/08/27/business/hollywood-strike-studios-lombardini.html

Inside the Factory Where Buck Mason Makes T-Shirts

The founders of Buck Mason think it can — and they bought a sewing factory and a cloth mill in Pennsylvania hoping to prove it. source https://www.nytimes.com/2023/08/27/style/buck-mason-t-shirt.html

Thailand’s Marijuana Business Is Growing Despite Regulatory Risks

The country’s legal marijuana business — a rarity in Asia — is struggling with oversupply, illegal imports and regulatory ambiguity. Investors are piling in anyway. source https://www.nytimes.com/2023/08/27/business/thailands-weed-industry-is-poised-to-grow-fast.html

Covid Closed the Nation’s Schools. Cleaner Air Can Keep Them Open.

Scientists and educators are searching for ways to improve air quality in the nation’s often dilapidated school buildings. source https://www.nytimes.com/2023/08/27/health/schools-indoor-air-covid.html

What China’s Economic Woes May Mean for the U.S.

The fallout is probably limited — and there may be some upside for American interests. source https://www.nytimes.com/2023/08/26/business/economy/us-economy-china.html

The RealReal’s CEO on Turning the Luxury Resale Company Around

The one-time Wall Street darling has lost 92 percent of its stock value since its I.P.O. Can the former tire and power tool executive reclaim the luxury goods site’s luster? source https://www.nytimes.com/2023/08/26/business/the-moat-that-we-have-to-protect-the-realreals-ceo-on-reviving-the-brand.html

Why Are Mortgage Rates So High, and How Long Will They Stay Up?

Economists say loan rates are affected by a complicated combination of factors, but there are tactics consumers can use to land a lower rate. source https://www.nytimes.com/2023/08/26/business/mortgage-rates-housing-market.html

Wegovy, the Weight Loss Drug, Relieves Heart Failure Symptoms: Drugmaker’s Study

The drug Wegovy eased issues for people with a type of heart problem, adding to the treatment’s benefits beyond weight loss. source https://www.nytimes.com/2023/08/25/health/weight-loss-drug-heart-failure.html

Mike Moritz, Reid Hoffman and Other Silicon Valley Titans Said to Be Behind Mysterious Land Deals

A mysterious company has spent $800 million in an effort to buy thousands of acres of San Francisco Bay Area land. The people behind the deals are said to be a who’s who of the tech industry. source https://www.nytimes.com/2023/08/25/business/land-purchases-solano-county.html

Late Summer Getaways at 5 Country Hotels

Whether it’s a “yurt village” in Virginia’s Blue Ridge Mountains or a riverside mansion in Cognac country in France, here are places where food and nature enthusiasts can mark the season’s end. source https://www.nytimes.com/2023/08/25/travel/late-summer-getaways-trips.html

Why the Stock Market’s Summer Doldrums Are Not a Problem

After a fierce rally largely propelled by a handful of tech stocks, the market’s rapid climb stalled in August. That setback could ultimately be a good thing, our columnist says. source https://www.nytimes.com/2023/08/25/business/why-the-stock-markets-summer-doldrums-are-not-a-problem.html

Trump Returns to X, the Service Formerly Known as Twitter

Absent for more than two years, former President Donald J. Trump posted his mug shot on the site, now called X. source https://www.nytimes.com/2023/08/24/technology/donald-trump-twitter-x-return.html

Faulty Oxygen Readings Delayed Covid Care for Black and Hispanic Patients: Study

Pulse oximeters measuring oxygen in the blood often inflated the levels for dark-skinned Covid patients, who then experienced delayed care or an increased risk of hospital readmission, researchers found. source https://www.nytimes.com/2023/08/24/health/oxygen-covid-treatment-race.html

Turkey’s Central Bank Raises Rates to Near Two-Decade High

The bigger-than-expected rate increase, to 25 percent, is aimed at curbing stubbornly high inflation that exceeded 80 percent last year. source https://www.nytimes.com/2023/08/24/business/turkey-central-bank-raises-rates.html

Despite Cheating Fears, Schools Repeal ChatGPT Bans

Some districts that once raced to block A.I. chatbots are now trying to embrace them. source https://www.nytimes.com/2023/08/24/business/schools-chatgpt-chatbot-bans-walla.html

The U.S. Regulates Cars, Radio and TV. When Will It Regulate A.I.?

Congress has tended to be slow to respond to revolutionary technologies. source https://www.nytimes.com/2023/08/24/upshot/artificial-intelligence-regulation.html

In Reversal Because of A.I., Office Jobs Are Now More at Risk

Technology disruption typically affected blue-collar occupations. Now white-collar workers may feel the brunt of changes. source https://www.nytimes.com/2023/08/24/upshot/artificial-intelligence-jobs.html

How the Jackson Hole Conference Became an Economic Obsession

Investors and economists are watching the event this week closely. How did a remote Wyoming conference become so central? source https://www.nytimes.com/2023/08/24/business/economy/jackson-hole-economic-conference.html

A Fox News Debate That Skimped on ‘the Elephant Not in the Room’

Donald J. Trump is the most important figure in the Republican Party, but he merited only 10 minutes of questions from the moderators, Bret Baier and Martha MacCallum. source https://www.nytimes.com/2023/08/24/business/media/fox-republican-debate-trump.html

Warren Hoge, Who Covered Wars and World Crises for The Times, Dies at 82

As a correspondent, including as a bureau chief, he wrote vividly from all corners of the globe. He later served as foreign editor and assistant managing editor. source https://www.nytimes.com/2023/08/23/business/media/warren-hoge-dead.html

Mark Thompson, Former New York Times C.E.O., Among Candidates to Lead CNN

Mr. Thompson, who was also the director general of the BBC, stepped down as chief executive of The Times in 2020. source https://www.nytimes.com/2023/08/23/business/media/mark-thompson-cnn-new-york-times.html

Mallinckrodt’s Bankruptcy Plan Would Cut Payments to Opioid Victims by $1 Billion

Mallinckrodt Pharmaceuticals had promised $1.7 billion to governments, individuals and others harmed by the opioid crisis. source https://www.nytimes.com/2023/08/23/business/opioids-mallinckrodt-bankruptcy.html

Biden Incentives for Foreign Investment Are Benefiting Factories

Early data suggest laws to increase semiconductor production and renewable energy technology have shifted the makeup of foreign direct investment — but not increased it. source https://www.nytimes.com/2023/08/23/us/politics/biden-foreign-investment-factories.html

China Works to Expand its Sway in Africa Amid Rivalry With the U.S.

China’s leader, Xi Jinping, pitches his country as a leader of the developing world, rallying support for an alternative to the U.S.-dominated global order. source https://www.nytimes.com/2023/08/23/world/asia/china-africa-brics-us.html

In a Hot Job Market, the Minimum Wage Becomes an Afterthought

The federal wage floor of $7.25 is increasingly irrelevant when even most teenagers are earning twice that. But what happens when the economy cools? source https://www.nytimes.com/2023/08/23/business/economy/minimum-wage.html

Hollywood Studios Disclose Their Offer on Day 113 of Writers Strike

The public disclosure of the Aug. 11 proposal was an unusual step and suggested an attempt to go around union leadership and appeal to rank-and-file members. source https://www.nytimes.com/2023/08/23/business/media/hollywood-writers-strike-negotiations.html

Can Shrinking Be Good for Japan? A Marxist Best Seller Makes the Case.

Kohei Saito says the country should seize this moment of demographic and economic challenge to reinvent itself through “degrowth communism.” source https://www.nytimes.com/2023/08/23/business/kohei-saito-degrowth-communism.html

UPS Workers Avert Strike by Approving New Contract

The vote by members of the Teamsters union removes a potential threat to the economy. source https://www.nytimes.com/2023/08/22/business/economy/ups-contract-vote-teamsters.html

What to Know About the New Student Loan Repayment Plan

The Biden administration’s new income-driven repayment plan, SAVE, will reduce payments for millions of borrowers and more will qualify for $0 payments. source https://www.nytimes.com/2023/08/22/your-money/student-loans-income-driven-repayment-save.html

What Driverless Waymo Taxi Rides Are Like in San Francisco

On Monday, Waymo began letting the public pay for rides in its driverless cars in San Francisco. The New York Times dispatched three reporters around the city to test the service. source https://www.nytimes.com/2023/08/21/technology/waymo-driverless-cars-san-francisco.html

Arm, the Chip Designer, Files for an I.P.O. Expected to Be Among the Largest

The I.P.O. filing means Arm can begin to gauge investor interest, which will be critical to the share sale. source https://www.nytimes.com/2023/08/21/technology/chip-designer-arm-ipo-softbank.html

American Airlines Pilots Ratify Contract Offering Big Raises

Strong demand for air travel and a pilot shortage have strengthened the ability of unions across the industry to win gains in pay and benefits. source https://www.nytimes.com/2023/08/21/business/american-airlines-pilots-union.html

What to Know About China’s Real Estate Crisis

China’s economy was long dependent on a booming real estate sector, which has recently fallen on harder times. source https://www.nytimes.com/2023/08/21/business/china-economy-real-estate-crisis.html

Could U.S. Toughness on Chinese Business Have Unintended Consequences?

Businesses fear that efforts to look tough on Beijing, which have the potential to be more expansive than moves by the federal government, could have unintended consequences. source https://www.nytimes.com/2023/08/21/us/politics/china-restrictions-distrust.html

Bloomberg L.P., a Financial Data Giant, Overhauls Its Leadership Ranks

Michael Bloomberg, the company’s founder, said that Vlad Kliatchko would be its new chief executive and Jean-Paul Zammitt would be its new president. source https://www.nytimes.com/2023/08/21/business/media/bloomberg-lp-succession.html

How Nvidia Built a Competitive Moat Around A.I. Chips

The most visible winner of the artificial intelligence boom achieved its dominance by becoming a one-stop shop for A.I. development, from chips to software to other services. source https://www.nytimes.com/2023/08/21/technology/nvidia-ai-chips-gpu.html

Paris Makes ‘Summer Terraces’ a Permanent Part of Cafe Culture

The neighbors may complain about the noise, but outdoor spaces that bloomed under a pandemic program are now a permanent and vibrant fixture of city life. source https://www.nytimes.com/2023/08/21/world/europe/paris-cafes-summer-terraces.html

Do You Work in Aviation and Have Concerns About Safety? We Want to Hear From You.

Close calls involving commercial airlines happen far more frequently than the flying public realizes, a Times investigation has found. We want to hear from people working in aviation about safety issues. source https://www.nytimes.com/2023/08/21/business/media/do-you-work-in-aviation-and-have-concerns-about-safety-we-want-to-hear-from-you.html

Chinese Confidence Hits Low Point Because of Nation’s Economic Troubles

Consumers and business owners say they feel paralyzed by despair, and their reluctance to spend and borrow is feeding what could become a dangerous cycle. source https://www.nytimes.com/2023/08/21/business/china-deflation.html

China Central Bank Cuts Key Interest Rate on Bank Lending

The action by the People’s Bank of China, the central bank, the latest in a series of steps to try to spur lending, was more modest than expected. source https://www.nytimes.com/2023/08/21/business/china-central-bank-rate-cut.html

‘Strays’ Stumbles at Box Office Without Its Stars’ Promotion

The R-rated comedy opened to a fifth place showing this weekend, while the comic book movie “Blue Beetle” came in at No. 1. Both were hurt by the actors’ strike. source https://www.nytimes.com/2023/08/20/business/media/strays-blue-beetle-box-office.html

A Summer Rite in Spain: Coping With the British Tourist Invasion

On the front lines of a low-cost resort, Spanish residents complain that U.K. visitors drink too much and don’t spend enough. source https://www.nytimes.com/2023/08/20/business/british-tourists-mallorca-drinking-local-economy.html

Cruise Agrees to Reduce Driverless Car Fleet in San Francisco After Crash

A driverless Cruise taxi with a passenger collided with a fire truck Thursday night, just one week after state officials allowed the service to expand. source https://www.nytimes.com/2023/08/18/technology/cruise-crash-driverless-car-san-francisco.html

Pickleball went pro. Can it profit?

Investors are pouring money into the less exclusive cousin of tennis. source https://www.nytimes.com/2023/08/19/business/dealbook/pickleball-business.html

How Nursing Homes Failed to Protect Residents From Covid

A series of hurdles prevented the facilities from shielding older people, despite the best efforts of staff. Experts are calling for reforms before the next virus arrives. source https://www.nytimes.com/2023/08/19/health/nursing-homes-covid.html

China’s Nickel Plants in Indonesia Created Needed Jobs, Plus Pollution

An influx of Chinese investment into nickel-processing on the Indonesian island of Sulawesi is sowing pollution while generating economic opportunity. source https://www.nytimes.com/2023/08/18/business/indonesia-nickel-sulawesi-china.html

China Evergrande, Giant Developer, Files for Bankruptcy

The filing comes two years after the company defaulted on its debt, setting off defaults by smaller Chinese developers. source https://www.nytimes.com/2023/08/17/business/china-evergrande-bankruptcy.html

As Student Loan Payments Resume, Gen X Struggles to Save for Old Age

The end of the payment pause means Americans in this age group will once again have to juggle paying off debt while trying to save for older age. source https://www.nytimes.com/2023/08/17/business/generation-x-retirement-student-loan-debt.html

Why Hawaii Is Scrutinizing Hawaiian Electric in the Maui Fire

The utility company’s share price has tumbled after lawsuits were filed seeking to hold it accountable for the blaze, which has killed more than 100 people. source https://www.nytimes.com/2023/08/17/business/energy-environment/hawaiian-electric-maui-wildfire.html

Michael Parkinson, Famous for Interviewing the Famous, Dies at 88

A mainstay of British television, he was best known for a long-running BBC program that was called simply “Parkinson.” source https://www.nytimes.com/2023/08/17/business/media/michael-parkinson-dead.html

Paul Brodeur, Reporter Who Exposed the Hazards of Asbestos, Dies at 92

In his long career at The New Yorker, he specialized in writing about this and other threats to people’s health, including chlorofluorocarbons. source https://www.nytimes.com/2023/08/17/business/media/paul-brodeur-dead.html

Pilot Dies After Medical Emergency on Flight From Miami to Chile

The pilot, part of a three-member crew, died after the Latam Airlines flight made an emergency landing in Panama on Monday, the airline said. source https://www.nytimes.com/2023/08/17/world/americas/pilot-death-flight-miami-chile.html

Can Affluence and Affordable Housing Coexist in Colorado’s Rockies?

The outdoorsy lifestyle of Colorado mountain towns has become a magnet for the new remote-worker class, upending life for those already rooted there. source https://www.nytimes.com/2023/08/17/business/economy/colorado-rocky-mountain-housing.html

What Alex Jones, Woody Allen and Robert F. Kennedy Jr. Share

Skyhorse Publishing has built a reputation for taking on authors that other houses avoid. And its founder has helped Kennedy mount a bid for president. source https://www.nytimes.com/2023/08/17/books/skyhorse-robert-kennedy-jr-president.html

YouTube Ads May Have Led to Online Tracking of Children, Research Says

YouTube’s advertising practices on kids’ channels could have resulted in companies tracking children across the web, a report said. source https://www.nytimes.com/2023/08/17/technology/youtube-google-children-privacy.html

Robert H. Giles, Newspaper Editor and Nieman Curator, Dies at 90

He headed the journalism program at Harvard after overseeing Pulitzer Prize-winning coverage of the Kent State shootings and corruption in Michigan. source https://www.nytimes.com/2023/08/16/business/media/robert-h-giles-dead.html

New York City Bans TikTok on Government-Owned Devices

The ban extends to some of the popular accounts run by the city. source https://www.nytimes.com/2023/08/16/technology/tiktok-ban-new-york-city.html

Authorities to Return Items Seized in Kansas Newspaper Raid

The raid of the newspaper, The Marion County Record, has drawn condemnation from First Amendment advocates. source https://www.nytimes.com/2023/08/16/business/media/authorities-return-items-kansas-newspaper-raid.html

Fed Officials Avoided a Victory Lap at July Meeting

Federal Reserve officials raised interest rates at their July 26 meeting, but investors doubt that they will lift them again this year. source https://www.nytimes.com/2023/08/16/business/economy/federal-reserve-minutes.html

Intel Acquisition of Tower Semiconductor Is Scuttled by China

Intel calls off its planned acquisition of Tower Semiconductor, an Israeli chip maker, after waiting in vain for 18 months for a review by Chinese regulators. source https://www.nytimes.com/2023/08/16/business/intel-tower-semiconductor-china.html

U.K. Inflation Eases to 6.8% as Energy Prices Fall

The slowdown in price pressures comes as wages are rising at a record pace, which could lead to further increases in interest rates by the Bank of England. source https://www.nytimes.com/2023/08/16/business/uk-inflation-july.html

Lebanon Freezes Accounts of Riad Salameh

The action comes days after a U.S.-led coalition accused Riad Salameh of decades of corruption to enrich himself at the expense of his country. source https://www.nytimes.com/2023/08/16/business/lebanon-former-central-bank-governor-riad-salameh.html

X Reverses Slowed Access to News Outlets, but Rival Sites Still Affected

Elon Musk’s social media service “throttled” access to sites such as Substack and Facebook, according to an analysis, but began reversing the slow access to news sites. source https://www.nytimes.com/2023/08/15/technology/x-delay-throttle.html

Joann Meyer, Longtime Editor of a Besieged Newspaper, Dies at 98

She collapsed a day after the police raided her home and the offices of The Marion County Record, a weekly paper in Kansas. source https://www.nytimes.com/2023/08/15/business/media/joann-meyer-dead.html

Russia’s Interest Rate Hike Highlights Economic Struggle Amid Ukraine War

With the third-largest interest rate increase in a decade to shore up the ruble, Moscow’s policymakers are pursuing the conflicting goals of paying for the war against Ukraine and taming inflation. source https://www.nytimes.com/2023/08/15/world/europe/russia-ruble-economy-interest-rates.html

Wall St. Weighs the Effect of Weaker China and Stronger U.S.

Investors are worried about the Chinese economy teetering as well as signs that the U.S. economy may be growing too fast for inflation to moderate. source https://www.nytimes.com/2023/08/15/business/stocks-markets-china-fed.html

Restaurant Credit Card Fees May Cost You

As inflation and high credit card fees continue to affect a restaurant’s bottom line, more owners are tacking on a new charge for using a credit card. source https://www.nytimes.com/2023/08/14/dining/restaurant-credit-card-fees.html

UBS to Pay $1.44 Billion to Settle Financial-Crisis Fraud Case

The settlement closes the chapter on the last investigation by a Justice Department task force on the role financial firms played in the collapse of the housing market in 2008. source https://www.nytimes.com/2023/08/14/business/ubs-financial-crisis-settlement.html

Clarence Avant, Quiet Force in Black Entertainment, Dies at 92

Behind the scenes, he furthered the careers of numerous entertainers, as well as some athletes and politicians. source https://www.nytimes.com/2023/08/14/arts/music/clarence-avant-dead.html

China’s Woes Loom Large Over the Global Markets

A downturn in the world’s second biggest economy, and growing fears about its real estate sector, are making investors jittery. source https://www.nytimes.com/2023/08/14/business/chinas-global-markets-stocks-bonds.html

CNN Overhauls Programming Lineup, Aiming to Lift Ratings

Abby Phillip, host of “Inside Politics Sunday,” will be the new anchor of CNN’s 10 p.m. hour on weekdays. source https://www.nytimes.com/2023/08/14/business/media/cnn-program-lineup.html

¿Seguir tu pasión está sobrevalorado?

Cada vez más estudios muestran que poner demasiado énfasis en la pasión por el trabajo puede ser perjudicial. source https://www.nytimes.com/es/2023/08/14/espanol/trabajo-pasion.html

Far-Right Libertarian Wins Argentina’s Presidential Primary

Javier Milei, who wants to abolish the central bank and adopt the U.S. dollar as Argentina’s currency, is now the front-runner in the fall general election. source https://www.nytimes.com/2023/08/14/world/americas/argentina-javier-milei-president-primary.html

‘Barbie’ Debuts in Saudi Arabia, Sparking Delight, and Anger

Denounced in some Middle Eastern countries for undermining traditional gender norms, the hit movie is finding an audience in Saudi Arabia, illustrating the region’s shifting political landscape. source https://www.nytimes.com/2023/08/14/world/middleeast/barbie-movie-saudi-arabia.html

Neeraj Khemlani, CBS President, Is Stepping Down

The executive, Neeraj Khemlani, has signed a deal to stay with the company in a less senior role. His successor has not yet been named. source https://www.nytimes.com/2023/08/13/business/media/cbs-news-president-neeraj-khemlani.html

Zuckerberg Says It’s ‘Time to Move On’ From ‘Cage Fight’ With Musk

Mark Zuckerberg, the chief executive of Meta, wrote on his Threads platform that Elon Musk did not seem “serious” about the much-ballyhooed match. source https://www.nytimes.com/2023/08/13/business/zuckerberg-musk-cage-fight.html

Police Raid Kansas Newspaper Office

The search of the Marion County Record led to the seizure of computers, servers and cellphones of reporters and editors. source https://www.nytimes.com/2023/08/13/business/media/kansas-marion-newspaper-police-raid.html

Letter to a Young Crypto Enthusiast (or the Merely Curious)

An ever-growing number of young people, males in particular, have bought cryptocurrencies. Here’s some advice, without the finger-wagging. source https://www.nytimes.com/2023/08/13/your-money/cryptocurency-personal-finance-bitcoin.html

The Case of the Internet Archive vs. Book Publishers

In the pandemic emergency, Brewster Kahle’s Internet Archive freely lent out digital scans of its library. Publishers sued. Owning a book means something different now. source https://www.nytimes.com/2023/08/13/business/media/internet-archive-emergency-lending-library.html

Grindr’s Strict RTO Policy, Amid Union Drive, Stirs Uproar

Two weeks after employees filed to organize, the company told some they had to change cities or would lose their jobs. It said the plan had long been in the works. source https://www.nytimes.com/2023/08/12/business/grindr-rto-union.html

What the Supreme Court’s Decision to Hear the Purdue Pharma Case Means

A federal appeals court had signed off on a deal that would shield members of the wealthy Sackler family from lawsuits in exchange for billions for those harmed by the opioid epidemic. source https://www.nytimes.com/2023/08/11/us/supreme-court-purdue-case.html

Joan Kaplan Davidson, Philanthropist Who Championed New York, Dies at 96

As president of a foundation established by her father, she focused her grant making on issues related to the city’s architecture, design and quality of life. source https://www.nytimes.com/2023/08/11/nyregion/joan-kaplan-davidson-dead.html

Company Recalls Ice Cream Products Over Listeria Contamination Concerns

Health officials are investigating whether the Soft Serve on the Go brand, produced by Real Kosher Ice Cream, was behind an outbreak of listeria, a bacteria that can cause serious illness. source https://www.nytimes.com/2023/08/11/us/brooklyn-ice-cream-recall-bacteria.html

Fox’s General Counsel, Viet Dinh, Will Depart

Viet Dinh, Fox’s top lawyer, advised the company through its landmark $787.5 million settlement with Dominion Voting Systems. source https://www.nytimes.com/2023/08/11/business/media/viet-dinh-fox-departing.html

Sam Bankman-Fried to Be Sent to Jail After Judge Revokes Bail

Mr. Bankman-Fried had been under house arrest at his parents’ home as he awaited trial on charges stemming from the collapse of his cryptocurrency company, FTX. source https://www.nytimes.com/2023/08/11/technology/sam-bankman-fried-jail.html

Biden Describes China as a Time Bomb Over Economic Problems

The sharply worded comments are the latest example of the president’s willingness to criticize China even as he tries to ease tensions. source https://www.nytimes.com/2023/08/11/us/politics/biden-china-criticism-economy.html

U.K. Economy Grows Weakly

A small acceleration in the second quarter was better than analysts had expected. source https://www.nytimes.com/2023/08/11/business/uk-gdp-economy.html

Herbert J. Siegel, Investor in Major Media Deals, Dies at 95

As head of Chris-Craft Industries, he played a role in the Time-Warner merger and sold 10 television stations to Rupert Murdoch. source https://www.nytimes.com/2023/08/10/business/media/herbert-j-siegel-dead.html

Supreme Court Pauses Purdue Pharma Opioid Settlement Pending Review

A federal appeals court had signed off on the agreement, which would shield members of the wealthy Sackler family from opioid-related lawsuits in exchange for $6 billion for victims. source https://www.nytimes.com/2023/08/10/us/supreme-court-purdue-pharma-opioid-settlement.html

Research Trials Halted at Columbia’s Psychiatric Center After Suicide

Human research trials at the New York State Psychiatric Institute at Columbia have been paused while regulators review whether protocols were violated. source https://www.nytimes.com/2023/08/10/health/columbia-drug-trials-suicide.html

U.S. Judge Strikes Down F.D.A. Regulation of Premium Cigars

Hand-rolled, specialty cigars should not be subject to the broader F.D.A. regulatory rules over tobacco use, a federal judge ruled. source https://www.nytimes.com/2023/08/10/health/fda-cigar-exemption.html

Striking Writers and Studios Agree to Restart Negotiations

The two sides in the Hollywood stalemate will formally meet on Friday, after an informal sidebar session last week. source https://www.nytimes.com/2023/08/10/business/media/writers-strike-movies-television.html

Amid Sextortion’s Rise, Computer Scientists Tap A.I. to Identify Risky Apps

Researchers who found that a fifth of social networking apps have received multiple user complaints about sexual exploitation have launched a website to help parents vet apps. source https://www.nytimes.com/2023/08/10/business/sextortion-ai-app-danger-project-safety-reviews.html

Biden Orders Ban on U.S. Investments in China’s Sensitive High-Tech Industries

The new limits, aimed at preventing American help to Beijing as it modernizes its military, escalate a conflict between the world’s two largest economies. source https://www.nytimes.com/2023/08/09/us/politics/biden-ban-china-investment.html

WeWork Has Sent a Distress Signal. Here’s What to Know.

The co-working company has declared that its ability to endure as a business is in doubt. A failure could have widespread effects. source https://www.nytimes.com/2023/08/09/business/wework-explain.html

Does Information Affect Our Beliefs?

New studies on social media’s influence tell a complicated story. source https://www.nytimes.com/2023/08/09/world/europe/interpreter-social-media.html

Is More Job Hopping Among Younger Workers a Good Thing?

Repeatedly switching jobs has long been a red flag for employers. That’s changing as Gen Z and younger Millennials embrace the upsides, but downsides persist. source https://www.nytimes.com/2023/08/09/business/job-hopping-young-workers-gen-z.html

Tips for Buying Travel Insurance

The range of benefits and prices for different policies can be complicated. Here’s what you need to know before you buy. source https://www.nytimes.com/2023/08/09/travel/when-to-buy-travel-insurance.html

Confusion in Hollywood as Some Productions Are Allowed to Continue

The striking actors’ union is granting waivers to some projects not affiliated with the major studios, but questions persist about who qualifies and why. source https://www.nytimes.com/2023/08/09/business/media/sag-waivers-strike.html

Biden to Restrict Investments in China, Citing National Security Threats

The measure to clamp down on investments in certain industries deemed to pose security risks, set to be issued Wednesday, appears likely to open a new front in the U.S.-China economic conflict. source https://www.nytimes.com/2023/08/08/business/economy/biden-china-companies-restrictions.html

WeWork Cites ‘Substantial Doubt’ That It Can Stay in Business

The co-working company will seek to raise capital as it searches for a chief executive. Its battered stock plunged further. source https://www.nytimes.com/2023/08/08/business/wework-earnings-future.html

The Risks of ‘Skiplagging’

Booking a flight with a layover in the city that’s the real destination for the traveler can net big bargains, but airlines prohibit the practice. source https://www.nytimes.com/2023/08/08/travel/skiplagging-hidden-city-travel-layover.html

Rhoda Karpatkin, Who Led Consumer Reports for Decades, Dies at 93

The first woman to be named executive director of Consumers Union, the publisher of Consumer Reports, she expanded its readership and its influence in Washington. source https://www.nytimes.com/2023/08/07/business/rhoda-karpatkin-dead.html

Offshore Wind Runs Into Rising Costs and Delays

Some troubled projects are raising concerns about the role to be played by offshore wind farms in tackling climate change. source https://www.nytimes.com/2023/08/07/business/offshore-wind-costs-delays.html

Even Zoom Is Making People Return to the Office

The tech company that helped millions of people work from home is finally tired of its employees being far away. It’s not the only one that feels that way. source https://www.nytimes.com/2023/08/07/business/zoom-return-to-office.html

Eight Months Pregnant and Arrested After False Facial Recognition Match

Porcha Woodruff thought the police who showed up at her door to arrest her for carjacking were joking. She is the first woman known to be wrongfully accused as a result of facial recognition technology. source https://www.nytimes.com/2023/08/06/business/facial-recognition-false-arrest.html

Gary Gensler, SEC Chief, Worries About AI

Gary Gensler, who has studied the consequences of artificial intelligence for years, said that the technology could lead to future financial crises. source https://www.nytimes.com/2023/08/07/business/dealbook/sec-gensler-ai.html

Saudi Aramco Reports $30 Billion in Profit for Latest Quarter

It was a steep fall from last year’s record profit, but still enough for the company to introduce additional dividend payments and increase capital investment. source https://www.nytimes.com/2023/08/07/business/saudi-aramco-profit-report-oil.html

The New York Fed President Sees Interest Rates Coming Down With Inflation

In a wide-ranging interview with The New York Times, John C. Williams pondered the economy’s future. This is the full transcript. source https://www.nytimes.com/2023/08/07/business/economy/john-williams-new-york-fed-transcript.html

Yellow, the Freight-Trucking Company, Declares Bankruptcy

A pandemic-era lifeline that the Trump administration predicted would turn a profit for the federal government failed to keep Yellow afloat. source https://www.nytimes.com/2023/08/07/business/yellow-trucking-bankruptcy.html

‘Barbie’ Reaches $1 Billion at the Box Office, Warner Bros. Says

No movie in Warner Bros. history has sold so many tickets so fast, the studio said of the movie directed by Greta Gerwig. source https://www.nytimes.com/2023/08/06/movies/barbie-1-billion-box-office.html

Eight Months Pregnant and Arrested After False Facial Recognition Match

Porcha Woodruff thought the police who showed up at her door to arrest her for carjacking were joking. She is the first woman known to be wrongfully accused as a result of facial recognition technology. source https://www.nytimes.com/2023/08/06/technology/facial-recognition-false-arrest.html

How to Catch Pandemic Fraud? Prosecutors Try Novel Methods.

Strained by limited resources, prosecutors are deploying special teams and nurturing local relationships to catch up to a wave of fraud. source https://www.nytimes.com/2023/08/06/us/politics/pandemic-fraud.html

Automakers Face a Labor Showdown as the E.V. Era Looms

The United Auto Workers leader vowed to be tougher than his predecessors in contract talks. His initial demands attach big numbers to that promise. source https://www.nytimes.com/2023/08/06/business/uaw-auto-workers-contract.html

Ransomware Attack Disrupts Health Care in at Least Three States

It was not immediately clear how many locations operated by Prospect Medical Holdings were affected but some sites had to cut back services or close. source https://www.nytimes.com/2023/08/05/us/cyberattack-hospitals-california.html

A New Frontier for Travel Scammers: A.I.-Generated Guidebooks

Shoddy guidebooks are flooding Amazon. Their authors claim to be renowned travel writers, but are they A.I. inventions? And how big is the problem? source https://www.nytimes.com/2023/08/05/travel/amazon-guidebooks-artificial-intelligence.html

Corona Plaza Vendors Fight to Sell Food Legally After Sweeps

New York City officials cracked down on Corona Plaza, a celebrated Queens hub for Latin American street vendors. Its merchants are fighting to legitimize their businesses. source https://www.nytimes.com/2023/08/05/nyregion/corona-plaza-street-food-vendors.html

FDA Approves First Pill for Postpartum Depression

Because the pill works faster than other antidepressants and is taken for only two weeks, it may encourage more treatment of the debilitating condition. source https://www.nytimes.com/2023/08/04/health/postpartum-depression-pill-fda.html

Billionaire Arthur Dantchik Parts With Group Behind Israel’s Judicial Overhaul

Arthur Dantchik announced that he would no longer donate money to the Kohelet Policy Forum, the brains behind the highly polarizing plan. source https://www.nytimes.com/2023/08/04/business/arthur-dantchik-kohelet-israel.html

William H. Dilday Jr., First Black TV Station Manager in U.S., Dies at 85

Hired to run a troubled Mississippi affiliate of NBC, he turned it into a respected and highly profitable operation, with a more diverse staff. source https://www.nytimes.com/2023/08/04/business/media/william-dilday-jr-dead.html

Anger in China Over Flooding of Towns, in Part, to Save Beijing

A provincial leader set off an outcry by urging cities to serve as a “moat” for the capital, as diverted floodwaters sent scores of residents fleeing. source https://www.nytimes.com/2023/08/04/world/asia/china-flood-beijing-rain.html

Tips for Dealing With Jet Lag

Insomnia, drowsiness and brain fog can all take some of the fun out of your first few days in a faraway place. You can’t avoid jet lag, but you can follow some tips to bounce back faster. source https://www.nytimes.com/2023/08/04/travel/trip-plan-jet-lag-tips.html

Richard O. Simpson, First U.S. Product Safety Czar, Dies at 93

As Nixon’s choice to lead the Consumer Product Safety Commission, he protected the public from buying 25 million risky goods. source https://www.nytimes.com/2023/08/03/business/richard-o-simpson-dead.html

Apple Revenue Drops 1% but Tops Wall Street Expectations

The iPhone maker’s recent quarter benefited from strong sales in its App Store and other services businesses. source https://www.nytimes.com/2023/08/03/business/apple-revenue.html

Amazon Posts 11% Rise in Revenue as Growth Improves

The retailer also swung to a profit in the second quarter. source https://www.nytimes.com/2023/08/03/technology/amazon-revenue.html

White House Hits Back on Fitch Credit Downgrade, Protecting Biden

The president’s team has mobilized to counter the downgrade of Treasury debt by the Fitch Ratings agency, rushing to defend the story of an improving economic outlook. source https://www.nytimes.com/2023/08/03/us/politics/biden-fitch-credit-downgrade-recession.html

Is Good News Finally Good News Again?

Economists had been wary of strong economic data, worried that it meant inflation might stay high. Now they are starting to embrace it. source https://www.nytimes.com/2023/08/03/business/economy/economy-good-news.html

Is Following Your Work Passion Overrated?

Experts say the pandemic and resulting changes in the working world may be encouraging people to rethink how essential passion for your job really is. source https://www.nytimes.com/2023/08/03/business/work-passion-overrated.html

So What Do We Call Twitter Now Anyway?

With Elon Musk’s rebranding of the app, is Twitter’s name really retired? What about tweets? We unravel the terminology puzzle. source https://www.nytimes.com/2023/08/03/technology/twitter-x-tweets-elon-musk.html

Fitch’s Debt Downgrade Is Unlikely to Deter Borrowing, Investors Say

Fitch’s credit-rating decision stemmed from concerns about America’s ability to govern itself, along with the nation’s growing debt load. source https://www.nytimes.com/2023/08/02/business/economy/fitch-credit-rating-downgrade.html

Jason Aldean’s ‘Try That in a Small Town’ Hits No. 1

The country star’s song, now a culture war battleground, is his first all-genre chart topper. The K-pop group NewJeans’ new album edged out the “Barbie” soundtrack on the Billboard 200. source https://www.nytimes.com/2023/08/02/arts/music/jason-aldean-small-town-newjeans-billboard.html

Actors are Turning to Cameo Amid SAG-AFTRA Strike

Others are using the service, through which fans can pay for personalized videos, to engage with followers while not publicly promoting work. source https://www.nytimes.com/2023/08/02/style/sag-aftra-strike-cameo.html

Meta Begins Blocking News in Canada

The change came in response to a new law in Canada that requires tech companies to pay news outlets for using their content. source https://www.nytimes.com/2023/08/02/business/media/meta-news-in-canada.html

What Fitch’s Downgrade of the US Credit Rating Means

A downgrade of the nation’s credit rating admonished Washington for persistent political fighting over federal spending. But the move drew sharp criticism. source https://www.nytimes.com/2023/08/02/business/dealbook/fitch-us-credit-rating-downgrade.html

How ESPN Went From Disney’s Financial Engine to Its Problem

The sports juggernaut continues to earn billions of dollars for Disney, but profits are down and opportunities for growth have dwindled. source https://www.nytimes.com/2023/08/02/business/media/espn-disney.html

BP Reports Sharply Lower Earnings as Oil Prices Slide

The energy company offset a slide in profit by raising its dividend by 10 percent. source https://www.nytimes.com/2023/08/01/business/bp-lower-earnings-oil-prices.html

Job Turnover Eased in June as Labor Market Cooled

Openings were little changed, but hiring and quitting both declined. source https://www.nytimes.com/2023/08/01/business/economy/jolts-jobs-openings-layoffs-quits.html

The Price of Admission to America’s Museums Keeps Rising

Their buildings have expanded and expenses have surged, even as attendance slowed. Art lovers will bear the cost: The Guggenheim is the latest to increase its entry fee to $30 — the new normal. source https://www.nytimes.com/2023/08/01/arts/design/museums-raise-admission-fees-guggenheim.html

Steve Jobs’s Son Gets Into Venture Capital

Reed Jobs, 31, is starting an investment firm to focus on new cancer treatments, continuing a yearslong focus on a disease that hits close to home. source https://www.nytimes.com/2023/08/01/business/dealbook/steve-jobs-son-venture.html

Going to Europe? Be Prepared for New Visitor Taxes.

Driven by the climate crisis, the post-pandemic surge in visitors and a growing interest in making tourism work for local communities, European cities are finding new ways to tax visitors. source https://www.nytimes.com/2023/08/01/travel/europe-tourism-taxes.html

Anger Over ‘Barbenheimer’ in Nuclear-Scarred Japan

The Japanese subsidiary of Warner Bros. criticized what it called insensitive promotion of ‘Barbie’ by the company’s headquarters. source https://www.nytimes.com/2023/08/01/world/asia/japan-barbenheimer.html