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Showing posts from May, 2024

Ticketmaster Confirms Data Breach

The hacking group ShinyHunters has claimed responsibility for stealing the user information of more than 500 million Ticketmaster customers. source https://www.nytimes.com/2024/05/31/business/ticketmaster-hack-data-breach.html

Fox News and MSNBC Notch Rating Wins After Trump’s Verdict

In prime time, MSNBC scored a rare Nielsen victory. Earlier, when the news broke, Fox News attracted the biggest live audience. source https://www.nytimes.com/2024/05/31/business/media/trump-verdict-tv-ratings.html

Netflix Wins $8.8 Million in Fight Over Planned TV Series

An arbitrator awarded Netflix damages from the Hollywood director Carl Erik Rinsch, who had been developing a high-profile TV series, “Conquest.” source https://www.nytimes.com/2024/05/31/business/carl-rinsch-netflix.html

Chobani Yogurt Founder Buys Anchor Brewing Company

Hamdi Ulukaya called the craft brewer, said to be the country’s oldest, a “grand jewel.” Anchor’s former owner, Sapporo, put it into liquidation last year, citing the effects of the pandemic. source https://www.nytimes.com/2024/05/31/business/anchor-hamdi-ulukaya-chobani-ceo.html

Bird Flu Has Infected a Third U.S. Farmworker

The worker had respiratory symptoms, unlike the first two. But the risk to the public remains low, federal health officials said. source https://www.nytimes.com/2024/05/30/health/bird-flu-infection-farmworker.html

Boeing Tells F.A.A. Plan To Fix Safety Issues

The action plan is the latest in a series of moves by the F.A.A. to push for safety improvements throughout Boeing during a tumultuous year for the company. source https://www.nytimes.com/2024/05/30/us/politics/boeing-faa-quality-control-plan.html

What’s Behind Donald Trump’s Courtship of Elon Musk

The Republican is courting the mogul to bolster his re-election fight, but the Biden campaign sees a political opportunity to exploit. source https://www.nytimes.com/2024/05/30/business/dealbook/elon-musk-bromance-donald-trump-biden.html

Will Billions More in New Aid Save Family Farms?

The Biden administration aims to better support small farmers while still aiding big operations and rewarding climate-friendly practices. It’s a tall order. source https://www.nytimes.com/2024/05/30/business/economy/small-farms-usda-biden.html

Singapore Airlines Flight Fell 178 Feet in Under 5 Seconds

A man died and more than 70 other people were injured last week when a flight to Singapore from London hit sudden turbulence. source https://www.nytimes.com/2024/05/30/world/asia/singapore-airlines-flight-turbulence.html

Activist Investor Nelson Peltz Is Said to Sell His Disney Stake

A billionaire who was critical of Disney’s management, Mr. Peltz lost an expensive battle for a place on the company’s board. source https://www.nytimes.com/2024/05/29/business/nelson-peltz-disney-shares.html

Haiti Names New Prime Minister to Try to Lead Country Out of Crisis

Garry Conille is taking on the office just ahead of the arrival of a Kenyan-led international police force charged with helping restore order to the violence-torn nation. source https://www.nytimes.com/2024/05/28/world/americas/haiti-conille-prime-minister.html

Chevron’s $53 Billion Oil Deal Is Backed by Hess Shareholders

Hurdles remain as Chevron and Exxon Mobil wage a legal battle over Hess’s stake in a lucrative oil project in Guyana. source https://www.nytimes.com/2024/05/28/business/energy-environment/chevron-hess-exxon-mobil-guyana.html

Charles Barkley Has Thoughts on the Future of ‘Inside the NBA’

Next season could be the last for TNT’s influential and beloved studio show, and Charles Barkley, for one, will not be going quietly. source https://www.nytimes.com/2024/05/28/business/inside-the-nba-tnt-barkley.html

The Daily Beast’s New Bosses Plan Buyouts to Cut Losses

The two leaders have looked for money-saving measures since joining the digital tabloid in April. source https://www.nytimes.com/2024/05/28/business/media/daily-beast-buyouts.html

Business-First Hong Kong Now Comes With a Catch: Beijing Politics

The city, promised some autonomy by China, is trying to move on from a security law imposed by Beijing. Companies are learning that’s not always possible. source https://www.nytimes.com/2024/05/28/business/hong-kong-china-politics.html

Stanley Goldstein, Who Helped Make CVS a Pharmacy Giant, Dies at 89

The small chain that he, a brother and a third partner opened in 1963 had become the nation’s largest by the time he retired as its chief executive three decades later. source https://www.nytimes.com/2024/05/27/business/stanley-goldstein-dead.html

Teamsters Struggle to Unionize Amazon and FedEx Delivery Workers

The Teamsters union has made little headway in organizing workers at Amazon and FedEx despite wage and other gains it secured at UPS last year. source https://www.nytimes.com/2024/05/27/business/economy/amazon-fedex-ups-union.html

Biden Doesn’t Want You Buying an E.V. From China. Here’s Why.

The president wants to shift America’s car fleet toward electric vehicles, but not at the expense of American jobs or national security. source https://www.nytimes.com/2024/05/27/business/biden-evs.html

Elon Musk’s xAI Raises $6 Billion

Mr. Musk, who founded xAI last year, has said the business “still has a lot of catching up to do” as it looks to compete with well-funded companies like OpenAI. source https://www.nytimes.com/2024/05/27/business/elon-musk-xai-funding.html

How China Pulled So Far Ahead on Industrial Policy

The United States and Europe are trying to catch up to a rival skilled in using all the levers of government and banking to dominate global manufacturing. source https://www.nytimes.com/2024/05/27/business/economy/china-us-tariffs.html

A Writer Returns to the White Elephant Hotel on Nantucket

A writer returns to a classic Massachusetts hotel, where he worked 50 years ago, to ponder how he, the island, and the newly refurbished inn, have changed. source https://www.nytimes.com/2024/05/26/travel/nantucket-white-elephant-hotel.html

Shaquille O’Neal’s Plan to Bring Back Reebok Basketball

After pushing to be in charge of the company’s return to basketball, the Hall of Famer understands the stakes. “If this doesn’t work, everyone’s leaving,” he said. source https://www.nytimes.com/2024/05/26/style/shaquille-oneal-reebok.html

The Emails at the Heart of the Government’s Ticketmaster Case

Live Nation Entertainment, which owns Ticketmaster, is accused of violating antitrust laws. The Justice Department drew on the concert behemoth’s internal communications in its lawsuit. source https://www.nytimes.com/2024/05/24/arts/music/ticketmaster-live-nation-emails.html

U.A.W. Seeks a New Election at Mercedes-Benz Plants in Alabama

The union, which lost an organizing vote at two factories last week, argued to federal officials that the automaker had violated labor laws. source https://www.nytimes.com/2024/05/24/business/uaw-mercedes-benz-nlrb-election.html

Are These Drones Too Chinese to Pass U.S. Muster in an Anti-China Moment?

U.S.-based Anzu Robotics is selling drones using technology from DJI, a Chinese firm that is the target of efforts by lawmakers to limit Chinese technology in America. source https://www.nytimes.com/2024/05/24/business/china-drones-anzu-dji.html

NASA Astronauts to Wait Another Week for Boeing Starliner Launch

Officials from NASA and Boeing say they have worked out a solution to a helium leak that has kept the Starliner astronaut capsule grounded. source https://www.nytimes.com/2024/05/24/science/boeing-starliner-nasa-launch.html

Ether Cryptocurrency ETFs Are Approved by the SEC

The Securities and Exchange Commission gave its blessing to a fund that tracks the price of the most valuable cryptocurrency after Bitcoin. source https://www.nytimes.com/2024/05/23/technology/ether-etf-sec.html

Starwood REIT, Facing a Possible Cash Crunch, Limits Withdrawals

Starwood Real Estate Investment Trust is restricting what investors can redeem rather than sell its properties to raise cash. source https://www.nytimes.com/2024/05/23/business/starwood-reit-limits-withdrawals.html

Some iPhone Customers Could Get Up to $349 in an Apple Settlement

A class-action lawsuit about audio issues in iPhone 7 and 7 Plus phones has led to a $35 million settlement, though the company denies the phones were faulty. source https://www.nytimes.com/2024/05/23/business/apple-iphone-settlement.html

Some iPhone Customers Could Get Up to $349 in an Apple Settlement

A class-action lawsuit about audio issues in iPhone 7 and 7 Plus phones has led to a $35 million settlement, though the company denies the phones were faulty. source https://www.nytimes.com/2024/05/23/us/apple-iphone-settlement.html

OpenAI Strikes a Deal to License News Corp Content

The deal gives OpenAI’s chatbots access to new and archived material from The Wall Street Journal, The New York Post, MarketWatch and Barron’s, among others. source https://www.nytimes.com/2024/05/22/business/media/openai-news-corp-content-deal.html

A Second Dairy Worker Has Contracted Bird Flu, C.D.C. Reports

The new case, in a Michigan farmworker, did not suggest that bird flu was widespread in people, health officials said, adding that the risk to the general public remained low. source https://www.nytimes.com/2024/05/22/health/h5n1-bird-flu-dairy.html

Fed Minutes Show Officials Were Wary About Inflation at May Meeting

Federal Reserve policymakers were still willing to raise rates if the economy surprised them, notes from their most recent meeting suggested. source https://www.nytimes.com/2024/05/22/business/economy/federal-reserve-minutes-may.html

Businesses in D.C. Blame the Government for the District’s Empty Offices

Workers in Washington have returned to the office slowly, with a pervasive and pronounced effect on the local economy. source https://www.nytimes.com/2024/05/22/business/washington-commerical-real-estate-empty-offices.html

U.K. Inflation Falls to 2.3 Percent, Lowest in Three Years

The decline, which was less than economists expected, is nearing the Bank of England’s 2 percent target. source https://www.nytimes.com/2024/05/22/business/uk-inflation.html

C. Gordon Bell, Creator of a Personal Computer Prototype, Dies at 89

It cost $18,000 when it was introduced in 1965, but it bridged the world between room-size mainframes and the modern desktop. source https://www.nytimes.com/2024/05/21/technology/c-gordon-bell-dead.html

Scarlett Johansson Says OpenAI Asked to Use Her Voice. Twice.

Last week, the company released a chatbot with an option that sounded like the actress, who provided the voice of an A.I. system in the movie “Her.” source https://www.nytimes.com/2024/05/20/technology/scarlett-johannson-openai-voice.html

Trump Media Reports $770,000 in Revenue for First Quarter and Large Losses

The former president’s social media company reported taking in $770,000 in advertising revenue in the first quarter, sharply down from the year-earlier period. source https://www.nytimes.com/2024/05/20/business/trump-media-quarterly-results.html

Can AI Make the PC Cool Again? Microsoft Thinks So.

Microsoft, HP, Dell and others unveiled a new kind of laptop tailored to work with artificial intelligence. Analysts expect Apple to do something similar. source https://www.nytimes.com/2024/05/20/technology/microsoft-copilot-ai-pc.html

Renting or Buying Is Often Personal, but It’s Also Helpful to Look at the Numbers

The Upshot’s financial calculator has been updated with new features. source https://www.nytimes.com/2024/05/20/upshot/rent-buy-calculator.html

Bruce Nordstrom, Who Helped Lead His Family’s Retail Empire, Dies at 90

Though he was the company’s president, he opted for joint leadership with family members as they made Nordstrom, starting as a string of shoe stores, into an international fashion retail brand. source https://www.nytimes.com/2024/05/19/business/bruce-nordstrom-dead.html

U.S. and Europe Move Closer to Using Russian Assets to Help Ukraine

Finance ministers from the G7 nations are hoping to finalize a plan ahead of the group’s leaders meeting next month. source https://www.nytimes.com/2024/05/19/us/politics/russian-assets-help-ukraine.html

Disneyland Character Workers at California Park Vote to Unionize

The vote determined whether 1,700 workers who play characters such as Mickey and Minnie Mouse and who dance at parades could join the union representing other workers at the park in Anaheim, Calif. source https://www.nytimes.com/2024/05/19/business/disneyland-actors-unionize.html

The High-Class Problem That Comes With Home Equity

You may feel richer as you pay your mortgage down and home values go up. Using that equity is another matter entirely. source https://www.nytimes.com/2024/05/19/your-money/home-equity-retirement.html

How to Create a Strong Financial Plan When You’re Renting Forever

Either by choice or because they are priced out of the market, many people plan to never stop renting. Building wealth without home equity requires a different mind-set. source https://www.nytimes.com/2024/05/19/business/renting-forever-investing.html

How Lowriders Put a Vivid Stamp on New York City’s Car Scene

These lovingly customized cars, long embraced as a way to celebrate Mexican American culture and bring families together, are gaining visibility and respect as bouncing, rolling works of art. source https://www.nytimes.com/2024/05/19/nyregion/lowrider-cars-nyc-california.html

Biden’s China Tariffs Are the End of an Era for Cheap Chinese Goods

The president’s move to protect strategic manufacturing sectors from low-cost competition aims to increase jobs, but consumers might not like the costs. source https://www.nytimes.com/2024/05/18/business/bidens-china-tariffs.html

Sony and Apollo Take Key Step in Bid for Paramount’s Assets

The two companies have expressed interest in acquiring the media conglomerate, but are backing away from their $26 billion all-cash offer. source https://www.nytimes.com/2024/05/17/business/paramount-sony-apollo-assets.html

Why TikTok Users Are Blocking Celebrities

A TikTok movement is calling for followers to block famous people over their stances on the Israel-Hamas war. It began at the Met Gala. source https://www.nytimes.com/2024/05/17/fashion/tiktok-block-lists-celebrities.html

Mercedes Workers in Alabama Reject Union

The election, fiercely opposed by the state’s political leaders, was seen as a test of the United Automobile Workers’ ability to unionize factories in the South. source https://www.nytimes.com/2024/05/17/business/mercedes-benz-uaw-alabama-vote.html

Inside NPR, New Editing Layer Adds Angst Among Employees

Many employees have expressed concern that a new group of six editors called the Backstop will be unnecessary and slow down NPR’s journalism. source https://www.nytimes.com/2024/05/16/business/npr-editing-backstop.html

FDA Approves Amgen Drug for Persistently Deadly Form of Lung Cancer

The treatment is for patients with small cell lung cancer, which afflicts about 35,000 people in the U.S. a year. source https://www.nytimes.com/2024/05/16/health/fda-amgen-small-cell-lung-cancer-imdelltra.html

Teen Who Ate Spicy ‘One Chip Challenge’ Product Died of Cardiopulmonary Arrest

A subsidiary of the Hershey Company pulled the chip from store shelves in September after Harris Wolobah, 14, ate one and died. source https://www.nytimes.com/2024/05/16/us/teen-spicy-chip-death.html

Incident at TSMC’s Semiconductor Plant in Arizona Injures One

The reported explosion did not affect construction at the facility, which helped the Taiwanese company secure a $6.6 billion U.S. grant last month. source https://www.nytimes.com/2024/05/16/business/tsmc-phoenix.html

CNN and ABC Snag the Presidential Debates

In a matter of hours, two networks outmaneuvered their rivals and landed a coveted pair of Biden-Trump prime-time debates. source https://www.nytimes.com/2024/05/15/business/media/cnn-abc-biden-trump-debates.html

Democrats Batter Bank Regulator Over F.D.I.C.’s ‘Toxic’ Workplace Culture

The agency’s chair, Martin Gruenberg, has resisted Republicans’ calls to resign, but criticism by his own party raises questions about how long he can hang on. source https://www.nytimes.com/2024/05/15/business/martin-gruenberg-fdic-congressional-hearing.html

Netflix and the N.F.L. Sign a Three-Season Deal

Football joins pro wrestling and comedy specials in an expansion of the streaming service’s live offerings, a key step in the company’s overall live TV strategy. source https://www.nytimes.com/2024/05/15/business/media/netflix-nfl-live.html

OpenAI’s Chief Scientist, Ilya Sutskever, Is Leaving the Company

In November, Ilya Sutskever joined three other OpenAI board members to force out Sam Altman, the chief executive, before saying he regretted the move. source https://www.nytimes.com/2024/05/14/technology/ilya-sutskever-leaving-openai.html

TikTok Creators Sue to Block U.S. Law Requiring Sale or Ban

The group, whose legal fees are being paid for by the company, said a ban of the app would violate their First Amendment rights. source https://www.nytimes.com/2024/05/14/business/media/tiktok-creators-sue-ban.html

Can Google Give A.I. Answers Without Breaking the Web?

Publishers have long worried that artificial intelligence would drive readers away from their sites. They’re about to find out if those fears are warranted. source https://www.nytimes.com/2024/05/14/technology/google-ai-answers.html

Under Fire for ‘Toxic’ Work Culture, Bank Regulator Apologizes Again

A scathing report revealed a culture of widespread sexual harassment and discrimination at the Federal Deposit Insurance Corporation. Martin Gruenberg will testify on Capitol Hill starting on Wednesday. source https://www.nytimes.com/2024/05/14/business/fdic-gruenberg-apologizes.html

OpenAI Unveils New ChatGPT That Listens, Looks and Talks

Chatbots, image generators and voice assistants are gradually merging into a single technology with a conversational voice. source https://www.nytimes.com/2024/05/13/technology/openai-chatgpt-app.html

Biden Bans Chinese Bitcoin Mine Near U.S. Nuclear Missile Base

An investigation identified national security risks posed by a crypto facility in Wyoming. It is near an Air Force base and a data center doing work for the Pentagon. source https://www.nytimes.com/2024/05/13/us/bitcoin-mine-biden-ban.html

The Trump Trial on Cable TV: Play-by-Play and Drawings on an iPad

With no cameras recording Donald Trump’s criminal trial, anchors and producers are improvising to animate dramatic moments like Michael Cohen’s testimony. source https://www.nytimes.com/2024/05/13/business/media/trump-trial-media-tv-coverage.html

GameStop Stock Soars as Roaring Kitty Returns to Social Media

Keith Gill, the trader who helped turn the video game retailer into a high-flying “meme stock,” posted cryptic messages online after a three-year hiatus. source https://www.nytimes.com/2024/05/13/business/gamestop-stock-roaring-kitty.html

An Inflation Test Looms Over the Economy and the Election

The pivotal Consumer Price Index report is set to be published on Wednesday as the window for interest-rate cuts before November is closing. source https://www.nytimes.com/2024/05/13/business/dealbook/cpi-inflation-fed-interest-rates.html

Solar Storm Disrupts Some Farmers’ GPS Systems

The storm interfered with navigational systems used in tractors and other farming equipment, leaving some farmers temporarily unable to plant their crops. source https://www.nytimes.com/2024/05/13/us/solar-storm-tractor-break-nebraska.html

Priced Out of Housing, Communities Take Development Into Their Own Hands

Across the country, neighborhood groups are uniting to fund mixed-use developments that meet housing and business demands, giving locals a place to live, work and learn new skills. source https://www.nytimes.com/2024/05/13/business/gentrifying-neighborhoods-community-coops.html

China’s Bullet Trains Are Raising Ticket Prices

The rare move by operators of the national rail network comes as part of a broader push in China to stem losses at subsidized public services. source https://www.nytimes.com/2024/05/13/business/china-bullet-trains-ticket-prices.html

Elon Musk’s Diplomacy: Woo Right-Wing World Leaders. Then Benefit.

Mr. Musk has built a constellation of like-minded heads of state — including Argentina’s Javier Milei and India’s Narendra Modi — to push his own politics and expand his business empire. source https://www.nytimes.com/2024/05/12/technology/elon-musk-world-leaders.html

The Controversy Over K-pop Band NewJeans

The firm Hybe has lost hundreds of millions of dollars in market value because of a feud with the creative force behind the band NewJeans. source https://www.nytimes.com/2024/05/12/world/asia/newjeans-kpop-controversy-hybe.html

Northern Lights Set to Return Tonight as Extreme Solar Storm Continues

Electrical utilities said they weathered earlier conditions as persistent geomagnetic storms were expected to cause another light show in evening skies. source https://www.nytimes.com/2024/05/11/science/northern-lights-aurora-solar-storm.html

Molly Baz’s Lactation Cookie Ad Banned From Times Square

Clear Channel, which manages many of the advertisements in the area, said a provocative billboard for a Molly Baz recipe was “flagged for review.” source https://www.nytimes.com/2024/05/10/style/lactation-cookies-billboard.html

Biden Administration to Pay Dairy Farmers for Bird Flu Protective Measures

The payment system amounted to one of the most forceful actions taken so far by agriculture officials who have raced to keep up with the spread of the virus among dairy cows. source https://www.nytimes.com/2024/05/10/us/politics/dairy-farms-bird-flu-protection.html

Apple Will Revamp Siri to Catch Up to Its Chatbot Competitors

Apple plans to announce that it will bring generative A.I. to iPhones after the company’s most significant reorganization in a decade. source https://www.nytimes.com/2024/05/10/business/apple-siri-ai-chatgpt.html

How Airlines Are Using AI to Make Flying Easier

Airlines are using artificial intelligence to save fuel, keep customers informed and hold connecting flights for delayed passengers. Here’s what to expect. source https://www.nytimes.com/2024/05/10/travel/airlines-artificial-intelligence.html

Britain Shakes Off Recession as Economy Grows Faster Than Expected

Gross domestic product increased 0.6 percent in the first quarter, after shrinking the two previous quarters. source https://www.nytimes.com/2024/05/10/business/britain-economy-growth-recession.html

Why Higher Fed Rates Are Not Totally Off the Table

Fed officials still think their next move will be to cut rates, but they are not entirely ruling out the possibility that they might have to raise them. source https://www.nytimes.com/2024/05/09/business/economy/federal-reserve-powell-raise-interest-rates.html

Boeing Locks Out Firefighters in Contract Dispute, and Biden Weighs In

The aircraft manufacturer and a union representing 125 firefighters are at odds over pay at the company’s plants in the Seattle area. source https://www.nytimes.com/2024/05/09/business/boeing-lockout-firefighters-union-biden.html

Apple’s New iPad Ad Leaves Its Creative Audience Feeling … Flat

An ad meant to show how the updated device can do many things has become a metaphor for a community’s fears of the technology industry. source https://www.nytimes.com/2024/05/08/business/apple-ipad-crush-ad.html

Disney, Hulu and Max Streaming Bundle Will Soon Become Available

The offering from Disney and Warner Bros. Discovery shows how rival companies are willing to work together to navigate an uncertain entertainment landscape. source https://www.nytimes.com/2024/05/08/business/media/disney-plus-max-streaming-bundle.html

G.M. to Retire the Chevy Malibu to Make More EVs

The gasoline-powered Malibu was the last affordable sedan sold by Chevrolet, the General Motors brand, in the United States. source https://www.nytimes.com/2024/05/08/business/general-motors-chevy-malibu-electric-vehicles.html

Norfolk Southern Faces Activist Investor Challenge

A year after a derailment in Ohio raised questions about rail safety, an investment firm is seeking to install new management in an effort to increase profits. source https://www.nytimes.com/2024/05/08/business/norfolk-southern-activist-investor.html

FTX Customers Poised to Recover All Funds Lost in Collapse

Bankruptcy lawyers for FTX said that customers of the cryptocurrency exchange were set to get all their money back, plus interest. source https://www.nytimes.com/2024/05/08/business/ftx-bankruptcy-recovery.html

Outage Causes Delays at U.K. Airports’ Immigration Checkpoints

Airport officials said that a system outage affecting the Border Force’s immigration gates was causing long waits for passengers arriving in Britain. source https://www.nytimes.com/2024/05/07/world/europe/uk-airport-outage-heathrow.html

Inquiry Finds a Toxic Culture at the F.D.I.C., and Takes Aim at Its Leader

Bad workplace behavior was pervasive at the bank regulator, according to an investigation that questioned whether things can improve without a change in leadership. source https://www.nytimes.com/2024/05/07/business/fdic-inquiry-workplace-culture.html

U.S. Labor Market Strength Steadies Social Security and Medicare Funds

The social safety net programs continue to face long-term shortfalls as lawmakers wrestle over reforms. source https://www.nytimes.com/2024/05/06/us/politics/labor-market-social-security-medicare.html

The New York Times and The Washington Post Win 3 Pulitzers Each

The prize for public service went to ProPublica for coverage of the Supreme Court. The Pulitzer board also issued a special citation for journalists covering the Middle East. source https://www.nytimes.com/2024/05/06/business/media/pulitzer-prizes.html

Sign Up for Your Money’s Financial Boot Camp for 20-Somethings

We want to help you get your money in shape. source https://www.nytimes.com/2024/05/06/business/your-money-boot-camp.html

In China, Ruled by Men, Women Quietly Find a Powerful Voice

Women in Shanghai gather in bars, salons and bookstores to reclaim their identities as the country’s leader calls for China to adopt a “childbearing culture.” source https://www.nytimes.com/2024/05/06/business/shanghai-china-feminism.html

ABC News’ President, Kim Godwin, to Step Down

The first Black woman to run a broadcast news division, Ms. Godwin had a rocky tenure defined by infighting and damaging leaks. source https://www.nytimes.com/2024/05/05/business/media/abc-news-president-kim-godwin-to-step-down.html

‘Fall Guy’ Movie Opens With Just $28 Million in Ticket Sales

While enough for No. 1, the big-budget original movie gave Hollywood its lowest start to its summer box office season since 1995. source https://www.nytimes.com/2024/05/05/business/fall-guy-ticket-sales-movies.html

Sony and Apollo in Talks to Acquire Paramount

After letting exclusive talks with the movie studio Skydance lapse, Paramount’s directors met over the weekend and decided to negotiate with all the suitors. source https://www.nytimes.com/2024/05/05/business/media/sony-apollo-paramount.html

China Is Buying Gold, Sending Prices to Record Highs

The global price of gold has reached its highest levels as Chinese investors and consumers, wary of real estate and stocks, buy the metal at a record pace. source https://www.nytimes.com/2024/05/05/business/china-gold-price.html

Paramount Will Let Exclusive Talks With Skydance Lapse, Imperiling Deal

Negotiations are now likely to focus on another suitor, Sony, which has teamed up with the private equity giant Apollo on a $26 billion bid. source https://www.nytimes.com/2024/05/03/business/media/paramount-skydance-exclusive-talks-lapse.html

Campus Protests Over Gaza Spotlight the Work of Student Journalists

Columbia University’s radio station and other student-led news outlets have provided some of the most detailed coverage of the turmoil engulfing university campuses. source https://www.nytimes.com/2024/05/03/business/media/campus-protests-columbia-student-media-gaza.html

Stock Market Rises After Jobs Report Revives Investors’ Hopes for a Rate Cut

A cooler-than-expected jobs report for April shifted the tone on Wall Street, rekindling investors’ expectations that the Federal Reserve may cut rates soon. source https://www.nytimes.com/2024/05/03/business/jobs-report-april-market-reaction.html

Overlooked No More: Min Matheson, Labor Leader Who Faced Down Mobsters

As director of the International Ladies’ Garment Workers’ Union, she fought for better working wages and conditions while wresting control from the mob. source https://www.nytimes.com/2024/05/03/business/min-matheson-overlooked.html

US Antitrust Cases Against Big Tech, Explained

As the Justice Department’s case against Google nears an end, the federal government has more suits in the pipeline trying to rein in Big Tech. source https://www.nytimes.com/2024/05/03/technology/google-apple-amazon-meta-antitrust.html

Sony, Apollo Express Interest in Buying Paramount

Paramount has been exploring a potential deal for months, talking to suitors including Skydance, producer of “Top Gun: Maverick.” source https://www.nytimes.com/2024/05/02/business/media/sony-apollo-paramount-deal.html

Walnuts Recalled From Natural Food Stores After E. Coli Outbreak

The outbreak linked to shelled organic walnuts distributed by Gibson Farms has sickened 12 people and hospitalized seven in California and Washington State, federal officials said. source https://www.nytimes.com/2024/05/01/business/walnuts-recall-ecoli-whole-foods.html

In Latest Stunt, Airbnb Lists the ‘Up’ House. It Floats.

The company announced a new category of outlandish stays in partnership with brands and celebrities, building on the success of gimmicks like the Barbie Malibu DreamHouse. source https://www.nytimes.com/2024/05/01/business/airbnb-up-house-shrek-listings.html

Biden Cancels $6.1 Billion in Debt for Former Art Institute Students

The announcement covers 317,000 former students and marks another step in the administration’s student loan relief efforts. source https://www.nytimes.com/2024/05/01/us/politics/biden-student-debt-borrowers.html

Biden Cancels $6.1 Billion in Debt for Former Art Institute Students

The announcement covers 317,000 former students and marks another step in the administration’s student loan relief efforts. source https://www.nytimes.com/2024/05/01/us/politics/biden-student-loan-forgiveness-art-institutes.html