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Showing posts from January, 2024

Suit Seeks to Block N.C.A.A. Limits on Athletic Donors

The attorneys general in Tennessee and Virginia are asserting that the N.C.A.A. has no right to stop boosters of college sports teams from paying players. source https://www.nytimes.com/2024/01/31/us/politics/lawsuit-ncaa-athletic-donors.html

Interest Rate Cuts Could Be a Boon to Biden

The Federal Reserve is independent of the White House, but lower rates could improve the president’s standing among voters. source https://www.nytimes.com/2024/01/31/business/interest-rates-federal-reserve-biden.html

Tax Bill Moves Forward, but Election-Year Politics Threaten Its Chances

Republicans planned on Wednesday to push a $78 billion bipartisan tax bill through the House. The effort is a test of whether a dysfunctional Congress can pass major legislation in an election year. source https://www.nytimes.com/2024/01/31/us/politics/congress-tax-bill.html

German Authorities Seize $2 Billion Worth of Bitcoin

The police described the transfer of funds as the “most extensive seizure of Bitcoins by law enforcement in the Federal Republic of Germany.” source https://www.nytimes.com/2024/01/30/business/bitcoin-germany-illegal-movie-site.html

A Lead Scare Strikes Stanley Tumblers, but You Don’t Need to Worry

There is some lead in the sealing material used in the cup, the company says. But experts say it’s inaccessible to people drinking from one, and caution that at-home lead tests are unreliable. source https://www.nytimes.com/2024/01/30/health/stanley-cups-lead.html

Patagonia Is Spending Millions on Conservation and Politics

$71 million of the clothing company’s earnings have been used since September 2022 to fund wildlife restoration, dam removal and Democratic groups. source https://www.nytimes.com/2024/01/30/climate/patagonia-holdfast-philanthropy.html

Neuralink Implanted a Device in a Patient’s Brain, Elon Musk Says

The billionaire said his company’s first product, called Telepathy, would let a person control a phone or computer “just by thinking.” source https://www.nytimes.com/2024/01/29/business/elon-musk-neuralink.html

Norfolk Southern Agrees to Try Out Federal Safety Reporting Program

The company, which operated the train that derailed in East Palestine, Ohio, is the first major freight railroad to join a federal program that allows workers to report safety issues. source https://www.nytimes.com/2024/01/29/us/politics/norfolk-southern-railroad-safety.html

Pandora Now Only Sources Recycled Metals for Its Jewelry

Is that as good as it sounds? source https://www.nytimes.com/2024/01/29/style/pandora-jewelry-recycled-metal.html

Sundance Film Festival Ends With Plenty of Sales, Despite Slow Start

The festival, seen as a barometer for the overall health of the film industry, featured several movies and documentaries snatched up by studios and streaming services. source https://www.nytimes.com/2024/01/29/business/media/sundance-film-festival-movie-deals.html

Sex Assault Claims Against Vince McMahon Shadow a W.W.E. Trying to Move Forward

Several high-profile deals have the company well-positioned for years to come, but legal entanglements involving Vince McMahon, its co-founder and longtime leader, are not going away. source https://www.nytimes.com/2024/01/28/business/vince-mcmahon-wwe.html

How Some Families Are Breaking the Rules to Complete the FAFSA

Experts are already encouraging students and parents to exchange usernames and passwords to expedite aid applications. One problem: It’s not legal. source https://www.nytimes.com/2024/01/27/your-money/fafsa-form-issues.html

Ring to Stop Allowing Police to Request Videos From Security Cameras

Ring, a maker of internet-connected cameras that is owned by Amazon, said the police could no longer ask people to share video recordings using the company’s app, Neighbors. source https://www.nytimes.com/2024/01/28/business/amazon-ring-doorbell-camera-police.html

Since the East Palestine, Ohio, Train Derailment, Accidents Have Risen

The total number of accidents for the top five freight railroads increased, and Congress still hasn’t passed legislation to prevent similar disasters. source https://www.nytimes.com/2024/01/28/business/ohio-train-derailment-safety-east-palestine.html

Private Equity Is Starting to Share With Workers, Without Taking a Financial Hit

The buyout giant KKR pioneered a model of granting ownership stakes to employees at portfolio companies. Now it wants the approach to spread. source https://www.nytimes.com/2024/01/28/business/economy/kkr-private-equity-employee-ownership.html

The Quiet Luxury of South Korea’s Postpartum Care Centers

Some new mothers say postpartum care centers are the best part of childbirth in South Korea, where fewer people are deciding to have children because of high costs. source https://www.nytimes.com/2024/01/28/world/asia/south-korea-joriwon-postpartum-care.html

Jon Franklin, Pioneering Apostle of Literary Journalism, Dies at 82

He won two Pulitzer Prizes by transforming accounts of doctors at work into in-depth, narrative articles that read like dramatic short stories. source https://www.nytimes.com/2024/01/26/business/media/jon-franklin-dead.html

Buried in Wegovy Costs, North Carolina Will Stop Paying for Obesity Drugs

Starting April 1, state employees in North Carolina will no longer have insurance coverage for costly weight-loss medications like Wegovy and Zepbound. source https://www.nytimes.com/2024/01/26/business/obesity-drugs-insurance-north-carolina.html

Apple Takes Messaging Crackdown to Customers’ Macs

Beeper Mini customers were using their Mac computers to connect to iPhone messaging on their Android phones. Now, they say Apple has blocked the messaging service on their Macs. source https://www.nytimes.com/2024/01/26/technology/apple-messaging-crackdown-beeper.html

Worries in Europe Over the White House Move to Delay Gas Terminals

The Biden administration’s decision to review new liquefied natural gas projects for their impact on climate change could be a headache for overseas buyers. source https://www.nytimes.com/2024/01/26/business/europe-biden-lng-pause.html

Bernard Arnault Names 2 More Sons to LVMH Board, Cementing Family Control

The move by France’s richest man extends a carefully planned succession strategy for the world’s biggest luxury company. source https://www.nytimes.com/2024/01/25/business/bernard-arnault-lvmh-board-appointments.html

Yellen Hits Trump Over Handling Of Economy

The Treasury Secretary acknowledged that consumer prices, which have weighed on economic sentiment, continue to be too high. source https://www.nytimes.com/2024/01/25/us/politics/yellen-criticizing-trump-says-bidens-economy-has-delivered-gains.html

Business Insider Laying Off 8% of Staff

In an internal note about the job cuts, the company’s chief executive cited its plan to shift focus solely to news coverage of business, tech and innovation. source https://www.nytimes.com/2024/01/25/business/media/business-insider-layoffs.html

Shipping Costs Soar in Wake of Red Sea Attacks

Ships risking Houthi attacks must pay high insurance premiums, while vessels avoiding the region lose time going around Africa. source https://www.nytimes.com/2024/01/24/business/red-sea-attacks-shipping-costs.html

Katherine Maher Named C.E.O. of NPR

Ms. Maher was previously chief executive of the Wikimedia Foundation, a nonprofit that supports the online encyclopedia Wikipedia. source https://www.nytimes.com/2024/01/24/business/media/katherine-maher-npr.html

Making VR Headsets Cool Won’t Be Easy, Even for Apple

Starting with Google Glass, all have been plagued with the same issues, even as Apple plunges into the market with its Vision Pro. source https://www.nytimes.com/2024/01/24/technology/personaltech/apple-vr-smart-goggles.html

TurboTax Can No Longer Advertise Products as Free, F.T.C. Says

About two-thirds of taxpayers did not qualify for the free service. The disclaimers that it was not free for all were often “ineffective and often inconspicuous,” the Federal Trade Commission said. source https://www.nytimes.com/2024/01/23/business/intuit-turbotax-free-federal-regulations.html

Charles Osgood, Lyrical Newscaster on Radio and TV, Dies at 91

A familiar face on television as the host of “CBS Sunday Morning” from 1994 to 2016, he was also known for his “Osgood File” segments on CBS Radio, often delivered with humor and a rhyme. source https://www.nytimes.com/2024/01/23/business/media/charles-osgood-dead.html

Los Angeles Times to Slash Newsroom by Over 20%

The layoffs represent the biggest newsroom reduction since the biotech billionaire Patrick Soon-Shiong bought the company in 2018. source https://www.nytimes.com/2024/01/23/business/media/los-angeles-times-layoffs-newsroom.html

‘We’re All Climate Economists Now’

With climate change affecting everything from household finances to electric grids, the profession is increasingly focused on how society can mitigate carbon emissions and cope with their impact. source https://www.nytimes.com/2024/01/23/business/economy/climate-change-economics.html

Ruth Ashton Taylor, Early Radio and TV Newswoman, Dies at 101

In the late 1940s, she was the only woman working on radio documentaries for CBS’s Edward R. Murrow. In Los Angeles, she was a pioneering newscaster and anchor. source https://www.nytimes.com/2024/01/22/business/media/ruth-ashton-taylor-dead.html

Tensions Erupt at Los Angeles Times as Owner Weighs Deep Cuts

The biggest news organization on the West Coast has been roiled by the potential layoffs of roughly 100 newsroom employees. source https://www.nytimes.com/2024/01/22/business/media/los-angeles-times-tensions-cuts.html

New Hampshire Officials to Investigate A.I. Robocalls Mimicking Biden

The calls, in a voice most likely artificially generated, urged people not to vote in Tuesday’s primary. source https://www.nytimes.com/2024/01/22/business/media/biden-robocall-ai-new-hampshire.html

Digital World Shares Surge as Republican Primary Field Narrows

Shares of the SPAC that plans to merge with Trump Media jumped after Donald Trump’s rival Ron DeSantis quit the primary race. source https://www.nytimes.com/2024/01/22/business/digital-world-shares-trump.html

How One DEI Initiative Changed Course With the Times

Amid a fresh backlash against D.E.I. efforts, OneTen met resistance as a program for Black workers only. It has shifted its emphasis to “equity for all” and a more hands-on approach. source https://www.nytimes.com/2024/01/22/business/diversity-oneten-black-employment.html

Trump Campaign Bars an NBC Reporter From a New Hampshire Event

NBC’s Vaughn Hillyard, who was representing a pool of five major TV networks, said the Trump campaign objected to his presence. source https://www.nytimes.com/2024/01/21/us/politics/trump-campaign-nbc-media.html

Newspapers Stolen After Reporting on Rape Investigation at Police Chief’s Home

More than 200 copies of The Ouray County Plaindealer, a weekly newspaper in Colorado, were stolen after it published a front-page article about the investigation. source https://www.nytimes.com/2024/01/21/us/newspaper-stolen-ouray-colorado.html

War Has Already Hurt the Economies of Israel’s Nearest Neighbors

The impact on global growth of the Middle East violence has so far been contained. That’s not the case for Egypt, Lebanon and Jordan, which were already struggling. source https://www.nytimes.com/2024/01/21/business/economy/israel-gaza-regional-economy.html

The Hottest Buzzword in Wellness Seeps Into Real Estate

Communities certified as “blue zones,” a concept that promotes healthy living and longevity, are multiplying, but some wonder if the movement is just another gimmick. source https://www.nytimes.com/2024/01/21/business/blue-zones-homes-builders.html

Electric Vehicle Charging Tax Credits Will Be Available in Much of Country

Biden administration officials opted to make a broad set of locations eligible for the tax credits, covering much of the country outside of major cities. source https://www.nytimes.com/2024/01/19/us/politics/electric-vehicle-chargers-tax-credits.html

Stocks Are in a Bull Market. What Does That Mean?

It doesn’t mean stocks will continue to rise indefinitely, but it does reflect a generally optimistic outlook on Wall Street. source https://www.nytimes.com/2024/01/19/business/stocks-bull-market.html

Sports Illustrated Thrown Into Chaos With Mass Layoffs

The company’s owner has been plunged into a maelstrom in recent weeks as its senior executives have been forced out. source https://www.nytimes.com/2024/01/19/business/media/sports-illustrated-mass-layoffs.html

Ron DeSantis and Fox News, Old Friends, Hit Turbulence

The Fox News host Laura Ingraham called for the Florida governor to leave the Republican primary, days after he accused the network of protecting Donald Trump. source https://www.nytimes.com/2024/01/18/business/media/ron-desantis-fox-media.html

Billionaires Wanted to Save the News Industry. They’re Losing a Fortune.

Time magazine, The Washington Post and The Los Angeles Times — owned by Marc Benioff, Jeff Bezos, and Dr. Patrick Soon-Shiong — are still losing money. source https://www.nytimes.com/2024/01/18/business/media/billionaires-news-media-owners.html

SpaceX Axiom Astronaut Launch: How and When to Watch

Astronauts from Italy, Sweden and Turkey will fly to the International Space Station on a commercially chartered mission on Thursday. source https://www.nytimes.com/2024/01/18/science/axiom-launch-astronauts-spacex.html

YouTube Cuts 100 Employees as Tech Layoffs Continue

The layoffs are part of efforts by the video platform’s parent company, Google, to trim costs and bureaucracy as it embraces artificial intelligence. source https://www.nytimes.com/2024/01/17/technology/youtube-tech-layoffs-continue.html

At Art Fraud Trial, Sotheby’s Is Pressed on Role in Sales to Russian Oligarch

The auction house is accused of helping an art dealer who the oligarch says defrauded him in several sales. A Sotheby’s specialist involved in some of the transactions defended his conduct. source https://www.nytimes.com/2024/01/17/arts/art-fraud-sothebys-russian-oligarch.html

What the Supreme Court Fishery Case Could Mean for Federal Agencies’ Power

The case appears poised to be the next step in the conservative legal movement’s multigenerational effort to chip away at the New Deal. source https://www.nytimes.com/2024/01/17/us/politics/supreme-court-chevron-federal-agencies.html

Condé Nast Is Folding Pitchfork Into GQ, With Layoffs

Multiple employees at the storied music criticism site “will be leaving the company,” according to a memo from Anna Wintour. source https://www.nytimes.com/2024/01/17/business/media/music-magazine-pitchfork-merger-gq.html

China’s GDP Grew in 2023, but Economic Strains Lurk

Gross domestic product expanded 5.2 percent, as China worked to export more to make up for weak demand, high debt and a steep property contraction at home. source https://www.nytimes.com/2024/01/16/business/china-gdp-q4-2023.html

U.S. Faults Mississippi Poultry Plant in Death of 16-Year-Old

The Occupational Safety and Health Administration cited Mar-Jac Poultry with 17 violations in the death of a teenager who was caught in a machine. It faces more than $200,00 in fines. source https://www.nytimes.com/2024/01/16/business/mississippi-marjac-poultry-teen-death.html

4.3 Million Watched the Emmys, a New Low

The Emmys had a lot going against it, including a ceremony delayed months by the Hollywood strikes, and stiff competition from other events. source https://www.nytimes.com/2024/01/16/business/media/emmy-awards-ratings.html

Judge Blocks JetBlue From Acquiring Spirit Airlines

The ruling is a victory for the Justice Department, which had argued that the merger would reduce competition. source https://www.nytimes.com/2024/01/16/business/jetblue-spirit-airlines-ruling-merger.html

Artificial Intelligence, Ukraine, China — The Big Buzz at Davos

C.E.O.s and world leaders gather in the Swiss Alps this year as war, trade risks and disruptive new technologies loom large. source https://www.nytimes.com/2024/01/16/business/dealbook/buzz-davos-ai-ukraine-china-gaza.html

Food Marketing in the Ozempic Age

The food industry has long touted its products as impossible to resist. But with a spotlight on the perils of compulsive eating, that tactic is getting another look. source https://www.nytimes.com/2024/01/16/dining/food-marketing-ozempic-era.html

Baltimore Sun Sold to Chairman of Sinclair TV Stations

David D. Smith bought the newspaper and its sister publications in a private deal with Alden Global Capital, their owner since 2021. source https://www.nytimes.com/2024/01/15/business/baltimore-sun-david-smith-sinclair.html

Flush With Investment, New U.S. Factories Face a Familiar Challenge

Worries are growing in Washington that a flood of Chinese products could put new American investments in clean energy and high-tech factories at risk. source https://www.nytimes.com/2024/01/15/business/economy/china-electric-cars-chips-solar.html

Travelers Look for Deeper Experiences With Native Cultures

Around the globe, travelers are looking to get beyond superficial interactions with Native cultures for more in-depth experiences, like tours led by Indigenous guides and stays at Native-owned lodges. source https://www.nytimes.com/2024/01/15/travel/indigenous-native-led-tourism.html

‘Mean Girls’ Musical Triumphs at Box Office, With a TikTok Assist

The musical rendition of the 2004 original took first place over the holiday weekend, after Paramount used TikTok to introduce young audiences to the cult classic. source https://www.nytimes.com/2024/01/14/business/media/mean-girls-musical-box-office-tiktok.html

How to Win More Games Than Anyone

At 70, Tara VanDerveer will soon be the most successful college basketball coach of all time. She believes in experimentation, asking for help, and the art of the controlled meltdown. source https://www.nytimes.com/2024/01/14/business/tara-vanderveer-stanford-basketball.html

A Few Words About Netflix’s Success: Vivid. Snappy. Tags.

The descriptive tags that the streaming service runs near each title — like “slick” for the show “Suits” — have proved crucial to getting people to click play. source https://www.nytimes.com/2024/01/14/business/media/netflix-streaming-movies-ratings.html

Quaker Oats Recalls More Products Over Potential Salmonella Contamination

Several cereals, granola bars and other snack foods were recalled in December. The company added more products to the list this week. source https://www.nytimes.com/2024/01/13/business/quaker-oats-recall-salmonella.html

Supreme Court to Hear Starbucks Bid to Overturn Labor Ruling

The coffee chain has challenged a federal judge’s order to reinstate a group of union activists who were fired at a store in Memphis. source https://www.nytimes.com/2024/01/12/business/economy/supreme-court-starbucks-labor-nlrb.html

Microsoft Tops Apple to Become Most Valuable Public Company

The shift is indicative of the importance of new artificial intelligence technology to Silicon Valley and Wall Street investors. source https://www.nytimes.com/2024/01/12/technology/microsoft-apple-most-valuable-company.html

At Sam’s Club, a Human Will No Longer Check Your Receipt at the Door

Instead, artificial intelligence technology will scan carts, the company says, eliminating annoying bottlenecks at the exit. source https://www.nytimes.com/2024/01/12/business/sams-club-walmart-receipts.html

Trump’s Dominance and Snowy Weather Put Iowa’s Caucus Economy on Ice

Republican candidates have spent heavily in Iowa, but the state is seeing fewer visitors, and winter storms have upended events and travel plans. source https://www.nytimes.com/2024/01/12/us/politics/iowa-caucus-trump-snow-economy.html

Hertz Sells 20,000 Electric Cars After Being Burned by Tesla’s Price Cuts

The rental car company blamed the sharp drop in the value of electric vehicles and higher repair costs for its decision to sell 20,000 cars. source https://www.nytimes.com/2024/01/11/business/hertz-electric-vehicles-tesla.html

Trump’s Press Conference Aired as His Civil Fraud Trial Comes to a Close

The coverage was a stark reminder that the former president’s legal troubles offer an outsize media platform as he pursues the Republican nomination. source https://www.nytimes.com/2024/01/11/business/media/trump-fraud-trial-press.html

$3 Billion of New Bitcoin Funds Change Hands in First Trading Day

The products, known as exchange-traded funds, were approved by federal regulators this week, a watershed moment for the crypto industry. source https://www.nytimes.com/2024/01/11/technology/bitcoin-etf-trading.html

Fruit Stripe Gum, Famous for Short Bursts of Flavor, Is Discontinued

Its disappearance from store shelves after more than 50 years invited nostalgic posts on social media. “Best two seconds of flavor you’ve ever had,” one person wrote on Reddit. source https://www.nytimes.com/2024/01/11/business/fruit-stripe-gum-discontinued.html

Alaska Airlines and Passengers Face More Disruption Over Boeing Plane

The airline has grounded 20 percent of its fleet and canceled hundreds of flights until the 737 Max 9 can undergo safety inspections. source https://www.nytimes.com/2024/01/10/business/alaska-airlines-cancellations.html

Regulators Approve New Type of Bitcoin Fund, in Boon for Crypto Industry

The Securities and Exchange Commission authorized financial firms to offer a Bitcoin investment product that some hope will accelerate adoption of the technology. source https://www.nytimes.com/2024/01/10/technology/sec-bitcoin-approval-exchange-traded-funds.html

S.E.C. Social Media Hack That Sent Bitcoin Soaring Prompts Investigation

Legal experts said investigators would look into how the security breach occurred and whether anyone tried to profit from it. source https://www.nytimes.com/2024/01/10/business/sec-x-hack-bitcoin.html

Jewish Group Assails Film Academy’s Diversity Efforts

An open letter signed by notable actors and producers criticized the organization for not including Jews as an underrepresented group as part of a new initiative. source https://www.nytimes.com/2024/01/09/business/media/jewish-inclusion-standards-film-academy.html

Editor of Los Angeles Times Steps Down

Kevin Merida, who took over the job in 2021, said in an internal note that his last day would be on Friday. source https://www.nytimes.com/2024/01/09/business/media/la-times-editor-resigns.html

Fox News and Trump Go Live Wednesday for First Time in 2 Years

A town hall in Iowa on Wednesday is the network’s first live interview with the former president in nearly two years, the latest twist in a long-running drama. source https://www.nytimes.com/2024/01/09/business/media/fox-news-donald-trump-iowa.html

JetBlue Chief Executive to Step Down

Robin Hayes described the decision to retire as “bittersweet,” and suggested that unspecified health concerns had driven it. source https://www.nytimes.com/2024/01/08/business/jetblue-chief-executive-resign.html

Golden Globes 2024 Draws 9.4 Million Viewers

The number of viewers was higher than last year, but still down significantly compared with prepandemic audience totals. source https://www.nytimes.com/2024/01/08/business/media/golden-globes-ratings-viewers.html

Moon Lander Malfunctions After Launch, Raising Questions for NASA

After a flawless launch to orbit, the privately built robotic Peregrine lander is unlikely to reach the lunar surface because of a failure in its propulsion system. source https://www.nytimes.com/2024/01/08/science/nasa-moon-lander-malfunction-peregrine.html

Airlines to Inspect Boeing 737 Max 9 Planes

Boeing and the Federal Aviation Administration issued technical instructions to airlines two days after a part of a plane was blown out near Portland, Ore. source https://www.nytimes.com/2024/01/08/business/boeing-max-9-alaska-airlines.html

Boeing Max 9 Plane Had Been Barred From Long Flights Over Water

Alaska Airlines restricted the use of the plane, which lost part of its fuselage on Friday, because of a warning light that went off on previous flights, an official said. source https://www.nytimes.com/2024/01/08/business/boeing-max-9-plane-grounded.html

Boeing Max 9 Jets Remain Grounded as Airlines Await Inspection Instructions

Two days after a chunk of the fuselage blew out of one of the planes, the F.A.A. and the aircraft maker are still negotiating what to tell the airlines to do. source https://www.nytimes.com/2024/01/07/business/boeing-max-9-grounded.html

Norby Walters, 91, Dies; Music and Sports Agent Who Ran Afoul of the Law

He ran a highly successful booking agency, but his secret contacts with college athletes led to convictions (later reversed) for racketeering and fraud. source https://www.nytimes.com/2024/01/07/sports/ncaafootball/norby-walters-dead.html

‘Color Purple’ Struggles at Box Office After Big Christmas Opening

The musical adaptation of the Pulitzer Prize-winning novel seemed an instant hit, but it sold less than $5 million in tickets in its second weekend. source https://www.nytimes.com/2024/01/07/business/media/color-purple-box-office.html

American Unions Long Backed Israel. Now, Some Are Protesting It.

The shift reflects a broader generational change, and has exposed philosophical rifts in the labor movement about what the purpose of a union ought to be. source https://www.nytimes.com/2024/01/07/business/american-unions-long-backed-israel-now-some-are-protesting-it.html

How a Millennial Estée Lauder Built a Widely Popular Beauty Brand

Karissa Bodnar played on her customers’ desire to belong to something bigger than … well, beauty. source https://www.nytimes.com/2024/01/07/style/cosmetics-how-a-millennial-estee-lauder-built-a-billion-dollar-beauty-brand.html

F.A.A. Orders Airlines to Ground Some Boeing 737 Max 9 Jets After Midair Emergency

An Alaska Airlines plane made an emergency landing at the Portland, Ore., airport on Friday after losing a chunk of its body, terrifying passengers. source https://www.nytimes.com/2024/01/06/business/alaska-airlines-flight-boeing-grounding.html

Barbara Lynch Has Closed Most of Her Boston Restaurants

The prolific chef, who was accused of mistreating employees, has shuttered her most prestigious kitchen, Menton, and four others. source https://www.nytimes.com/2024/01/05/dining/barbara-lynch-boston-restaurants-close.html

U.S. Moves Closer to Filing Sweeping Antitrust Case Against Apple

Justice Department officials are in the late stages of investigating the iPhone maker, focusing on how Apple has used its other products and services to defend against threats to its core business. source https://www.nytimes.com/2024/01/05/technology/antitrust-apple-lawsuit-us.html

Student Loan Payment Restart Troubled by Long Hold Times and Wrong Billing Statements

The Education Department reduced payments to its loan servicers as the consumer bureau spotlighted mistakes. source https://www.nytimes.com/2024/01/05/business/student-loans-payment-mistakes.html

U.S. Added 216,000 Jobs in December, Outpacing Forecasts

Hiring has throttled back from 2021 and 2022, but was impressive last year by longer-term standards. source https://www.nytimes.com/2024/01/05/business/economy/jobs-report-december-2023.html

Red Sea Attacks Menace Energy Tankers but Don’t Stop Them

Some oil tanker traffic continues to go through the Suez Canal, while plentiful global reserves keep crude prices steady. source https://www.nytimes.com/2024/01/05/business/red-sea-oil-houthis.html

How to Claim a Share of Verizon’s $100 Million Proposed Settlement

Verizon customers that were charged administrative fees are eligible to apply, though payments are likely to be small and rise to $100 at most. source https://www.nytimes.com/2024/01/04/us/verizon-lawsuit-settlement-claim.html

The Messenger, Which Aimed to Transform Media, Faces Dire Financial Straits

The company, which debuted last year with big plans to disrupt journalism, generated only $3 million in revenue by the end of December. source https://www.nytimes.com/2024/01/04/business/media/the-messenger-financial-strain.html

Russian Oligarch Takes Sotheby’s to Court as Art World Watches

At trial next week, Dmitry Rybolovlev is set to accuse Sotheby’s of helping an art dealer trick him into wildly overspending for works, a claim the company disputes. source https://www.nytimes.com/2024/01/04/arts/design/dmitry-rybolovlev-sothebys-trial.html

Fed Minutes Showed Officials Feeling Better About Inflation

Central bankers wanted to signal that interest rates were likely at or near their peak while keeping their options open, December minutes showed. source https://www.nytimes.com/2024/01/03/business/economy/federal-reserve-meeting-december.html

Epstein Documents Naming Prominent Figures Expected to Be Released Soon

The documents, related to a lawsuit involving Ghislaine Maxwell, an associate of the disgraced financier Jeffrey Epstein, are anticipated to include names previously redacted. source https://www.nytimes.com/2024/01/02/us/politics/jeffrey-epstein-documents.html

Sidney M. Wolfe, Scourge of the Pharmaceutical Industry, Dies at 86

For over 40 years, he and his organization, the Health Research Group, held government and manufacturers to account for unsafe medication. source https://www.nytimes.com/2024/01/03/health/sidney-m-wolfe-dead.html

Disney Gains Support From ValueAct Capital as Nelson Peltz Challenges Board

ValueAct Capital, known for working constructively with boards, said it would support the media giant’s director nominees amid a challenge by Nelson Peltz. source https://www.nytimes.com/2024/01/03/business/dealbook/disney-valueact-nelson-peltz.html

D.E.I. and Donor Pressures Weigh on Harvard

The resignation of Claudine Gay as Harvard’s president reopens the debate over who should run America’s elite universities. source https://www.nytimes.com/2024/01/03/business/dealbook/harvard-gay-governance-universities.html

Will America’s Good News on Inflation Last?

One of the biggest economic surprises of 2023 was how quickly inflation faded. A dig into the details offers hints at whether it will last into 2024. source https://www.nytimes.com/2024/01/03/business/economy/inflation-prices.html

The Messenger Plans Layoffs Amid Hunt for Cash

The company, an aggressive entrant to the digital news space, is expected to cut roughly two-dozen employees this week. source https://www.nytimes.com/2024/01/02/business/media/the-messenger-news-layoffs.html

Cheddar, the ‘CNBC for Millennials,’ Furloughs Workers

The “post-cable” news network said “unforeseen internal and external factors” caused the sudden work stoppage. source https://www.nytimes.com/2024/01/02/business/media/cheddar-cnbc-furloughs.html

A Stunning Eclipse, a Moon Race and Other Space Events in 2024

In April, people across North America will be able to gaze at a stunning total eclipse. And astronauts may get closer to that promised moon landing. source https://www.nytimes.com/2024/01/02/science/space-astronomy-events-2024.html

Indian Stocks Are Booming. Why Is Long-Term Investment Lagging?

Long-term investment in India by businesses is stagnant, and foreign money is falling, even as the government is driving growth with infrastructure spending. source https://www.nytimes.com/2024/01/02/business/india-economy-foreign-direct-investment.html

I Spent New Year’s Eve Trying to Do the FAFSA. It Didn’t Go Well.

The new, simplified version of the college student aid form was supposed to become available in December. It was, kind of, for some people. source https://www.nytimes.com/2024/01/01/your-money/college-student-aid-fafsa.html

China’s BYD Sold 3 Million Electric Vehicles and Hybrids in 2023

Sales by BYD, the country’s dominant automaker, topped 3 million last year, including 1.6 million fully battery-powered cars in a sign of China’s rapid growth in EVs. source https://www.nytimes.com/2024/01/01/business/byd-2023-sales.html

Chill in the Housing Market Seeps Into Other Industries

The slowdown in the residential real estate market, a crucial cog in the American economy, is threatening sectors like home improvement and storage. source https://www.nytimes.com/2024/01/01/business/housing-market-services-retailers.html