Posts

Showing posts from December, 2023

PGA Tour and Saudi-Backed LIV Extend Deadline to Finalize Deal

The tentative deal for the men’s golf circuits to join forces had a Dec. 31 deadline, but significant questions remained. source https://www.nytimes.com/2023/12/31/business/dealbook/pga-tour-saudi-deal-deadline.html

The Eugene Weekly Halts Publication After Employee’s Embezzlement

The Eugene Weekly had to lay off its entire 10-person staff after it uncovered years of theft by an employee, the editor said. source https://www.nytimes.com/2023/12/31/business/media/eugene-weekly-embezzlement-oregon.html

How Tracking and Technology in Cars Is Being Weaponized by Abusive Partners

Apps that remotely track and control cars are being weaponized by abusive partners. Car manufacturers have been slow to respond, according to victims and experts. source https://www.nytimes.com/2023/12/31/technology/car-trackers-gps-abuse.html

Fire Breaks Out Aboard Ship Carrying Lithium-Ion Batteries

The vessel, now off the Alaskan coast, is carrying nearly 2,000 tons of lithium-ion batteries, which contain highly flammable materials, officials said. source https://www.nytimes.com/2023/12/30/us/cargo-ship-fire-batteries-alaska.html

Boom in A.I. Prompts a Test of Copyright Law

The use of content from news and information providers to train artificial intelligence systems may force a reassessment of where to draw legal lines. source https://www.nytimes.com/2023/12/30/business/media/copyright-law-ai-media.html

Workers on a Philippines Coconut Farm: Born Poor, Staying Poor

In the groves of the Philippine island of Mindanao, people living in rural areas struggle to feed themselves in the same way as their ancestors. source https://www.nytimes.com/2023/12/30/business/philippines-coconut-plantation.html

‘New Collar’ Jobs Require Advanced Skills, Not Advanced Degrees

The jobs require advanced skills but not necessarily advanced degrees, especially in emerging high-tech fields like A.I., electric vehicles and robotics. source https://www.nytimes.com/2023/12/29/business/jobs-skill-new-collar.html

Hong Kong Stocks Plunge to Losses for 4th Straight Year

Investors worried about China’s economy shunned Hong Kong’s stock market, once one of the biggest and most important in the world. source https://www.nytimes.com/2023/12/29/business/hong-kong-stocks-hang-seng.html

How Life at Sea’s 3-Year Cruise Unraveled

The Life at Sea cruise was supposed to be the ultimate bucket-list experience: 382 port calls worldwide over 1,095 days. The only thing missing was a trip-worthy ship. source https://www.nytimes.com/2023/12/28/travel/3-year-cruise-life-at-sea.html

Bill Granger, Chef Who Brought Avocado Toast to the World, Dies at 54

His breakfast cuisine catapulted Australian cafe culture to international acclaim, although some saw his best-known dish as an example of millennial excess. source https://www.nytimes.com/2023/12/28/dining/bill-granger-dead.html

Boeing Urges Airlines to Inspect 737 Max Planes for Possible Loose Bolts

The F.A.A. said it was monitoring inspections after an airline discovered a bolt with a missing nut in the plane’s rudder-control system. source https://www.nytimes.com/2023/12/28/business/boeing-737-max-faa-inspections.html

After a rough year, a top dealmaker discusses the 2024 M.&A. outlook

Next year’s biggest headwinds for deal making will be “geopolitics, geopolitics and geopolitics,” says Viswas Raghavan, the co-head of global investment banking at JPMorgan Chase. source https://www.nytimes.com/2023/12/28/business/dealbook/the-state-of-deals.html

ChatGPT Helps, and Worries, Business Consultants, Study Finds

The A.I. tool helped most with creative tasks. With more analytical work, however, the technology led to more mistakes. source https://www.nytimes.com/2023/12/28/science/chatgpt-business-consultants.html

Gaston Glock, Inventor of the Gun That Bears His Name, Dies at 94

A reclusive Austrian billionaire, he created the handgun worn by two-thirds of America’s police officers and the security forces of at least 48 countries. source https://www.nytimes.com/2023/12/27/business/gaston-glock-dead.html

Shipping Giant Maersk Is Returning to the Red Sea After Houthi Attacks

A shipping advisory that Maersk released on Wednesday showed that several of its vessels were headed for the Suez Canal, which lies at the northern end of the Red Sea and handles about 12 percent of world trade. source https://www.nytimes.com/2023/12/27/business/maersk-shipping-red-sea-houthi-yemen.html

What’s Next in Artificial Intelligence?

If 2023 was the year of A.I. awakening, 2024 could be the year of A.I. reckoning. source https://www.nytimes.com/2023/12/27/business/dealbook/artificial-intelligence-investment-laws.html

The First Secret Asteroid Mission Won’t Be the Last

AstroForge, a private company, wants to mine a space rock, but it doesn’t want the competition to find out which one. source https://www.nytimes.com/2023/12/27/science/secret-asteroid-mission-astroforge.html

Tencent and Netease Rally on Signs China May Ease Gaming Proposal

After a market rout, gaming companies like Tencent and Netease rally on signals that regulators might apply proposed curbs on users less harshly than feared. source https://www.nytimes.com/2023/12/27/business/china-video-gaming-tencent-netease.html

Tesla Strike in Sweden Highlights a Culture Clash

Workers seeking a collective agreement from the automaker say they are pushing for their rights, but car owners see them as taking the fight too far. source https://www.nytimes.com/2023/12/27/business/tesla-sweden-strike-labor.html

A Look Back at the Top Business Stories of 2023

Regional bank failures and the conviction of Sam Bankman-Fried were among the big news events this year. source https://www.nytimes.com/2023/12/26/business/dealbook/a-look-back-at-the-top-business-stories-of-2023.html

Downturn or Not? At Year’s End, Wall St. Is Split on What’s Ahead.

Analysts bullish on 2023 were largely right and expect more of the same in 2024. Bears caution that the Fed’s impact is yet to be determined. source https://www.nytimes.com/2023/12/26/business/stocks-2024-outlook.html

How to Take the Whole Family Skiing Without Going Broke

Some states and resorts offer discounted passes for children and teens, knowing that those who start young tend to keep coming back. source https://www.nytimes.com/2023/12/26/travel/family-ski-passes.html

This N.Y.U. Student Owns a $6 Million Crypto Mine. His Secret Is Out.

A legal dispute in a tiny Texas town unexpectedly reveals how Chinese nationals can move money to the U.S. without drawing the attention of authorities in either country. source https://www.nytimes.com/2023/12/25/technology/bitrush-bitcoin-cryptocurrency-china.html

Suit Against Twitter Over Unpaid Bonuses Gets Go-Ahead From Judge

More than $5 million in bonuses were orally promised but never paid, according to the suit. A judge denied the company’s motion to dismiss the case. source https://www.nytimes.com/2023/12/24/business/twitter-x-employee-bonuses-lawsuit.html

Claudine Gay Turmoil Forces Harvard’s Secretive ‘Corporation’ Into Spotlight

Harvard’s powerful board has backed its president and said little else, yet a member privately said “generational change” may be needed. source https://www.nytimes.com/2023/12/24/us/harvard-corporation-claudine-gay.html

Red Sea Shipping Halt Is Latest Risk to Global Economy

Next year could see increasing volatility as persistent military conflicts and economic uncertainty influence voting in national elections across the globe. source https://www.nytimes.com/2023/12/24/business/economy/global-economic-risks-red-sea.html

What to Read and Listen to During Your Holiday Break

DealBook lists its favorite podcasts and books for getting smarter about business and the economy. source https://www.nytimes.com/2023/12/23/business/dealbook/recommendations.html

Substack Says It Will Not Ban Nazis or Extremist Speech

Responding to criticism of its hands-off approach to content moderation, the company said it would not ban Nazi symbols or extremist rhetoric so long as newsletter writers do not incite violence. source https://www.nytimes.com/2023/12/22/business/substack-nazis-content-moderation.html

Washington Post Reaches a Contract Deal With Its Newsroom Union

The tentative agreement would end 18 months of negotiations that included a one-day work stoppage. source https://www.nytimes.com/2023/12/22/business/washington-post-newsroom-union-contract.html

Irwin Cohen, Who Turned a Factory Into Chelsea Market, Dies at 90

He and his daughter transformed an abandoned Nabisco plant into a Manhattan destination for people who liked to cook, to eat and to gape. source https://www.nytimes.com/2023/12/22/realestate/commercial/irwin-cohen-dead.html

Topics Suppressed in China Are Underrepresented on TikTok, Study Says

The report, from the Network Contagion Research Institute at Rutgers University, could raise new concerns about whether Beijing influences the content on the popular video app. source https://www.nytimes.com/2023/12/21/business/tiktok-china.html

Raymond Dirks, Whose Tipster Case Redefined Insider Trading, Dies at 89

In a far-reaching decision, the Supreme Court restored him from censured analyst to whistle-blower in a major corporate fraud. source https://www.nytimes.com/2023/12/21/business/raymond-dirks-dead.html

Angola to Quit OPEC in Dispute Over Oil Production Levels

Officials have been unhappy after the oil cartel, led by Saudi Arabia, pushed Angola and other countries to accept lower production ceilings. source https://www.nytimes.com/2023/12/21/business/angola-oil-opec.html

Southwest Airlines Reaches Deal With Pilots Union

The new contract would provide raises and better benefits, following similar deals at other big airlines. source https://www.nytimes.com/2023/12/20/business/southwest-pilots-union-contract.html

U.S. Regulators Propose New Online Privacy Safeguards for Children

The F.T.C. proposed sweeping privacy changes on Wednesday which could curb how social media, game and learning apps use and monetize youngsters’ data. source https://www.nytimes.com/2023/12/20/technology/ftc-regulation-children-online-privacy.html

Wang Gang’s Egg Fried Rice Video and Free Speech in China

A popular chef’s video was attacked as a jab at Mao Zedong’s dead son. But what if a recipe for egg fried rice was just a recipe for egg fried rice? source https://www.nytimes.com/2023/12/20/business/wang-gang-egg-fried-rice-video.html

Amazon to Bring Warhammer 40,000 to the Screen, With Henry Cavill

Games Workshop announced this week that the popular tabletop game will come to television and film in a deal with Amazon Studios. source https://www.nytimes.com/2023/12/19/arts/television/warhammer-amazon-henry-cavill.html

F.A.A. to Investigate Exhaustion Among Air Traffic Controllers

The federal aviation agency plans to form a panel to look into the potential risks posed by a fatigued work force, after a spate of close calls this year. source https://www.nytimes.com/2023/12/19/business/faa-air-traffic-controllers.html

Federal Housing Assistance Shrinks as Cost of Rent Rises

Rents have surged and homelessness is at record heights, but fewer of the poorest tenants are getting housing assistance — in stark contrast to growth in other safety net programs. source https://www.nytimes.com/2023/12/19/us/politics/housing-aid-rent-costs.html

An Anti-L.G.B.T.Q. Law in Uganda Is Hurting the Economy

Passed in May, the Anti-Homosexuality Act is harming businesses that rely on foreign travelers and trade. source https://www.nytimes.com/2023/12/19/business/uganda-lgbtq-law-economy.html

Chinese Traders and Moroccan Ports: How Russia Flouts Global Tech Bans

Using specialized e-commerce sites, secretive shipping workarounds and a constellation of middlemen, Russia has obtained the tech components it needs to keep its economy and war in Ukraine going. source https://www.nytimes.com/2023/12/19/technology/russia-flouts-global-tech-bans.html

Monsanto Should Pay $857 Million in P.C.B. Case, Jury Finds

Students and parent volunteers from a school in Washington State said in a lawsuit that they had become sick after being exposed to chemicals known as P.C.B.s. that had dripped from light fixtures. source https://www.nytimes.com/2023/12/18/business/monsanto-bayer-verdict-washington.html

Nicki Minaj Has No. 1 Album as Mariah Carey Regains Holiday Crown

Minaj’s first studio LP in five years, “Pink Friday 2,” opens at the top of the album chart, while “All I Want for Christmas Is You” takes the No. 1 singles slot back from Brenda Lee. source https://www.nytimes.com/2023/12/18/arts/music/nicki-minaj-mariah-carey-billboard-charts.html

Tongue Tie Surgery: Inside the Business of Cutting Babies’ Tongues

Dentists and lactation consultants around the country are pushing “tongue-tie releases” on new mothers struggling to breastfeed. source https://www.nytimes.com/2023/12/18/health/tongue-tie-release-breastfeeding.html

Wall Street’s Bond ‘Vigilantes’ Are Back

The financial world has been debating if market appetite for buying U.S. debt is near a limit. The ramifications for funding government priorities are immense. source https://www.nytimes.com/2023/12/18/business/economy/government-debt-bond-vigilantes.html

It Took 10 Years to Grow This Christmas Tree. The Price? $105

Amid wild cost fluctuations and extreme weather conditions, a small army of workers toiled for years at Wyckoff’s Christmas Tree Farm in Belvidere, N.J. The goal? Producing this year’s crop, including this seven-foot Norway Spruce, which is sold for $105. source https://www.nytimes.com/2023/12/18/nyregion/christmas-trees-cost-nj.html

Gene-Sequencing Company Illumina to Sell Cancer Test Developer

The move came two days after a court upheld the Federal Trade Commission’s challenge to the deal on antitrust grounds. source https://www.nytimes.com/2023/12/17/business/media/illumina-cancer-detector-sale.html

Did the Grinch Come for the Office Holiday Party?

Hark, the herald angels shout: 9 p.m. is too late to be out. source https://www.nytimes.com/2023/12/17/business/office-holiday-parties.html

How a Rare Myocarditis Death Caught the Attention of the Anti-Vaccine Movement

A 24-year-old’s sudden death devastated his family — and caught the attention of the movement of vaccine opponents. source https://www.nytimes.com/2023/12/13/technology/covid-anti-vaccine.html

California Agency Drops Sexual Harassment Case Against Activision Blizzard

The California Civil Rights Department said in a settlement agreement that no “investigation has substantiated any allegations” against the video game maker. source https://www.nytimes.com/2023/12/15/business/dealbook/california-activision-blizzard-sexual-harassment.html

As Student Loan Collections Restart, Millions Are Not Yet Paying

After a pandemic freeze, 22 million people received their first bill in years in October — and around 60 percent paid, the government said. source https://www.nytimes.com/2023/12/15/business/student-loan-debt-payments.html

John Kerry on the COP28 Agreement and What Comes Next

John Kerry said major oil-exporting countries’ willingness to acknowledge that the era of fossil fuels must come to an end underscored the “urgency” of the deal. source https://www.nytimes.com/2023/12/15/climate/cop28-kerry-fossil-fuel-phaseout.html

New York City Is Offering Free Online Therapy to Teens: Will it Work?

The city’s $26 million contract with Talkspace makes mental health care very accessible. But some worry it is ‘a Band-Aid’ at a time of crisis. source https://www.nytimes.com/2023/12/15/health/free-therapy-teens-nyc.html

Mistrust Looms Over PGA Tour as Deadline for Saudi Deal Nears

Rancor within the tour’s board could shape decisions about the final agreement and influence the sport for decades to come. source https://www.nytimes.com/2023/12/14/business/pga-tour-liv-golf-saudi-board.html

TikTok Quietly Changes User Terms Amid Growing Legal Scrutiny

Some lawyers say the changes could make it more difficult to bring legal action against the company. source https://www.nytimes.com/2023/12/14/business/media/tiktok-changes-user-terms.html

Shein Accused of ‘Mafia-Style’ Tactics by Rival Temu

The two ultrafast-fashion retailers, which both have roots in China, are fierce rivals, offering low-cost items to U.S. consumers. source https://www.nytimes.com/2023/12/14/business/shein-temu-lawsuit.html

What Car Owners Should Know About the Tesla Autopilot Recall

Under pressure from federal regulators, the company has agreed to recall two million cars to update its driver-assistance system. The cars will be updated over cellular networks. source https://www.nytimes.com/2023/12/13/business/tesla-recall-what-to-know.html

Oil Producers Back Climate Deal Despite Fossil Fuel Language

At the United Nations climate conference, the final statement included elements that pleased oil and gas producers. source https://www.nytimes.com/2023/12/13/business/energy-environment/oil-companies-are-fine-with-call-to-move-away-from-fossil-fuels.html

Germany Reaches a Budget With Promises on Ukraine

The government avoided extra borrowing for 2024, but must make cuts in programs to address climate change. source https://www.nytimes.com/2023/12/13/business/germany-budget.html

How a Rare Myocarditis Death Caught the Attention of the Anti-Vaccine Movement

A 24-year-old’s sudden death devastated his family — and caught the attention of the movement of vaccine opponents. source https://www.nytimes.com/2023/12/13/technology/covid-anti-vaccine.html

George Cohon, Who Brought Big Macs to Moscow, Dies at 86

He was chairman of McDonald’s in Canada and in Russia, where he opened the chain’s first restaurant in 1990, engaging in what he called “hamburger diplomacy.” source https://www.nytimes.com/2023/12/12/business/george-cohon-dead.html

Bill Ackman’s Campaign Against Harvard Followed Years of Resentment

The billionaire investor has mounted a high-profile battle against Harvard president Claudine Gay over antisemitism and threats to Jewish students on campus, but long-held personal grudges play a part, too. source https://www.nytimes.com/2023/12/12/business/bill-ackman-harvard-antisemitism.html

Zara Removes Campaign After Critics Call It Insensitive to Israel-Hamas War

The ad campaign, which was called “The Jacket,” reminded some users of Palestinians in the rubble of Gaza. Zara said it shot the campaign before the war began. source https://www.nytimes.com/2023/12/12/business/zara-campaign-israel-gaza-war.html

Hasbro to Cut 1,100 Jobs as Weak Toy Sales Persist

The announcement that the toymaker was eliminating nearly 17 percent of its work force came during the critical holiday shopping season. source https://www.nytimes.com/2023/12/11/business/hasbro-job-cuts.html

U.A.W. Accuses Honda, Hyundai and Volkswagen of Labor Violations

A week after declaring a drive to organize nonunion automakers, the United Automobile Workers union filed charges against three foreign manufacturers. source https://www.nytimes.com/2023/12/11/business/uaw-hyundai-honda-volkswagen.html

Ateez Is the Fourth K-Pop Group With a No. 1 Album in 2023

The eight-member boy band debuts atop the Billboard 200 this week, following Tomorrow X Together, NewJeans and Stray Kids. source https://www.nytimes.com/2023/12/11/arts/music/ateez-billboard-chart.html

Investor Group Is Said to Offer $5.8 Billion for Macy’s

Department stores have been a frequent target of takeover attempts by investors looking to take advantage of prime real estate. source https://www.nytimes.com/2023/12/10/business/macys-investor-group-offer.html

QR Codes Can Hide Deceptive Links From Identity Thieves, F.T.C. Warns

Scammers have used QR codes to steal personal information by imitating legitimate companies or sending deceptive emails and text messages, the Federal Trade Commission said. source https://www.nytimes.com/2023/12/10/business/qr-code-scam-ftc.html

Shari Redstone Considers Selling Her Stake in Paramount’s Parent Company

Ms. Redstone waged a bitter battle for control of National Amusements, the parent company of MTV, CBS and the Paramount movie studio. Now, she’s considering a sale. source https://www.nytimes.com/2023/12/10/business/media/shari-redstone-national-amusements.html

Dhonielle Clayton Is Working to Make the Book World More Diverse

Her solution? A packaging business that sells ideas for commercial genre fiction featuring characters from broadly diverse backgrounds. source https://www.nytimes.com/2023/12/10/books/dhonielle-clayton-diversity.html

The Guns Were Said to Be Destroyed. Instead, They Were Reborn.

Communities across the U.S. are fueling a secondary arms market by giving seized and surrendered guns to disposal services that destroy one part and resell the rest. source https://www.nytimes.com/2023/12/10/us/guns-disposal-recycling.html

Maria Emilia Martin, Creator of Public Radio’s ‘Latino USA,’ Dies at 72

As a radio journalist committed to the goal of representing all voices, she fought to tell the stories of Latino communities in the Americas. source https://www.nytimes.com/2023/12/09/business/media/maria-emilia-martin-dead.html

Elon Musk Says He May Bring Conspiracy Theorist Alex Jones Back to X

Jones was banned from the social media platform in 2018 after posting harassing messages. source https://www.nytimes.com/2023/12/09/technology/elon-musk-alex-jones-twitter-x.html

New Sickle Cell Therapies Will Be Out of Reach Where They Are Needed Most

There is no clear path for African patients to get access to the treatments, which have multimillion-dollar price tags and are highly complex to manufacture and deliver. source https://www.nytimes.com/2023/12/08/health/casgevy-lyfgenia-sickle-cell-africa.html

U.S. Job Growth Holds Up as Economy Gradually Cools

Interest rate increases have taken the edge off labor demand, but unemployment dipped in November, and wages rose more than expected. source https://www.nytimes.com/2023/12/08/business/economy/jobs-report-november-2023.html

China’s Electric Car Factories Are Facing a Worker Shortage

China misjudged the rapid expansion of its electric vehicle sector, leaving a shortfall of skilled technicians as young people shun manufacturing careers. source https://www.nytimes.com/2023/12/08/business/china-electric-vehicles.html

Yellow Rejects a Bid to Restart Trucking Company

In a letter, Yellow’s management said an effort to buy the company and revive its operations by an executive from a different trucking firm was “not viable.” source https://www.nytimes.com/2023/12/07/business/yellow-trucking-bid-rejected.html

U.S. and Mexico Try to Boost Trade While Curbing Flow of Fentanyl

In Mexico City visit, Treasury Secretary Janet L. Yellen sought to deepen economic ties while countering drug trafficking. source https://www.nytimes.com/2023/12/07/us/politics/us-mexico-trade-fentanyl.html

Nuns Sue Smith & Wesson Over AR-15-Style Rifle Deaths

A coalition of Catholic nuns who own shares in Smith & Wesson claim that the gun maker is putting itself at risk by selling AR-15-style rifles. The company’s C.E.O. called it a “frivolous lawsuit.” source https://www.nytimes.com/2023/12/07/us/nuns-activists-ar-15-lawsuit.html

White House Delays a Decision on Banning Menthol Cigarettes

The proposal has elicited mounting opposition from tobacco companies, Black activists worried about police enforcement and small businesses, as President Biden moves into an election year. source https://www.nytimes.com/2023/12/06/health/biden-menthol-cigarette-ban-black-voters.html

Sandra Elkin, Creator of a Pioneering Feminist Talk Show, Dies at 85

“Woman,” which she hosted, brought frank talk about issues like birth control, pay inequality and homosexuality into millions of homes in the 1970s. source https://www.nytimes.com/2023/12/06/business/media/sandra-elkin-dead.html

Carmelo Anthony and the Kid Mero Team Up to Talk Basketball (Maybe Even the Nets)

Carmelo Anthony, the former Knicks star, and the Kid Mero, a.k.a. the comedian Joel Martinez, have a new show in which they will discuss their favorite subjects: Basketball and New York. source https://www.nytimes.com/2023/12/06/arts/carmelo-anthony-the-kid-mero.html

Justices Seem Skeptical of Challenge to Trump-Era Tax Provision

The Supreme Court’s liberal wing and more moderate conservatives seemed to be searching for a way toward a limited ruling on a tax law that affects foreign profits of American companies. source https://www.nytimes.com/2023/12/05/us/politics/supreme-court-foreign-tax.html

JetBlue Seeks Court Approval of its Acquisition of Spirit Airlines

JetBlue Airways is trying to persuade a federal court to let it acquire Spirit Airlines, a deal that the Justice Department says will raise fares and reduce competition. source https://www.nytimes.com/2023/12/05/business/jetblue-spirit-justice-department-trial.html

Xi Jinping is Asserting Tighter Control of Finance in China

The Communist Party’s main theoretical journal has laid out a new ideological framework for the financial system that emphasizes the primacy of China’s top leader and Marxist principles. source https://www.nytimes.com/2023/12/05/business/china-finance-xi-jinping.html

China Evergrande Soared on the Property Boom. Here’s Why It Crashed.

Blame for the property developer’s downfall has been placed on Chinese lending policies, but poor corporate oversight was hiding in plain sight. source https://www.nytimes.com/2023/12/05/business/china-evergrande-default-debt.html

Former Top Tucker Carlson Producer Is Accused of Sexual Assault

Fox News fired the producer alongside Mr. Carlson this year after its $787.5 million settlement in the Dominion Voting Systems defamation case. source https://www.nytimes.com/2023/12/04/business/media/fox-news-producer-sued-assault.html

U.S. Moves to Crack Down on Money Behind Fentanyl Trade

Treasury Secretary Janet L. Yellen will travel to Mexico this week for talks on countering illicit finance and fentanyl. source https://www.nytimes.com/2023/12/04/business/fentanyl-mexico-china-treasury.html

Tim Rogers, Hairstylist to the Stars and Moguls, Dies at 51

A native of Britain, he made his mark in his adopted city styling celebrities like Adele, Roger Federer and the Olsen twins. source https://www.nytimes.com/2023/12/04/style/tim-rogers-dead.html

Spotify to Cut 1,500 Jobs in Third Round of Layoffs this Year

The music streaming service has expanded into podcasting and audiobooks but found it difficult to turn a consistent profit. source https://www.nytimes.com/2023/12/04/business/spotify-layoffs.html

It Could Be a Vast Source of Clean Energy, Buried Deep Underground

In eastern France, and in other places around the world, deposits of natural hydrogen promise bountiful power. But questions remain. source https://www.nytimes.com/2023/12/04/business/energy-environment/clean-energy-hydrogen.html

China Evergrande Gets Reprieve in Talks With Foreign Investors

A Hong Kong judge postponed deciding whether to force a liquidation of the property developer, which defaulted in 2021 on hundreds of billions of dollars in debt. source https://www.nytimes.com/2023/12/03/business/china-evergrande-creditors.html

Alaska Airlines Plans to Buy Hawaiian Airlines in $1.9 Billion Deal

The deal, valued at $1.9 billion, is likely to face close scrutiny by federal antitrust regulators. source https://www.nytimes.com/2023/12/03/business/alaska-airlines-hawaiian-airlines-deal.html

Fate of Billions for Opioid Victims From Sacklers Rests With Supreme Court

The court will decide whether Purdue’s owners can gain permanent immunity from future opioid lawsuits in exchange for payments up to $6 billion. source https://www.nytimes.com/2023/12/03/health/sacklers-supreme-court.html

Dr Pepper Halftime Scholarship Giveaway Error Draws Ire of Fans

Dr Pepper awarded each of the contestants in the college football halftime challenge the grand prize after a review found a counting error. source https://www.nytimes.com/2023/12/02/sports/dr-pepper-tuition-giveaway-error.html

A C.E.O. Who Resigned in Scandal Now Wants More Money

Timothy J. Sloan was criticized for failing to clean up Wells Fargo’s troubled culture when he headed the bank. He says in a suit that he’s owed at least an additional $34 million. source https://www.nytimes.com/2023/12/02/business/timothy-sloan-wells-fargo-lawsuit.html

Mica Ertegun, Glamorous Interior Designer and Philanthropist, Dies at 97

She and her longtime husband, the music magnate Ahmet Ertegun, were once called “the virtual definition of sophistication.” source https://www.nytimes.com/2023/12/02/style/mica-ertegun-dead.html

Susan Sarandon Apologizes for Comment About Jews at Rally

The Oscar-winning actress said she now regrets “diminishing” the long history of antisemitism in remarks at the rally, which led her agents to part ways with her. source https://www.nytimes.com/2023/12/01/business/susan-sarandon-apology-pro-palestinian-rally.html

Scientists in Discredited Alcohol Study May Advise U.S. on Drinking Guidelines

Two researchers with ties to beer and liquor companies have been named to a panel that will review the health evidence on alcohol consumption. source https://www.nytimes.com/2023/12/01/health/alcohol-health-guidelines.html

S&P 500 Hits 2023 Record, Reversing Summer Losses

The S&P 500 has risen over 10 percent from its October low, with November its best month of the year. source https://www.nytimes.com/2023/12/01/business/stock-market-high.html

COP28 Climate Summit Begins Against Backdrop of War and Record Heat

World leaders at climate talks in Dubai invoked faith, science and economics in their calls for a rapid transition away from fossil fuels. source https://www.nytimes.com/2023/12/01/climate/cop28-climate-summit.html