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Showing posts from June, 2024

China Dangled Rebates to Lure People to Spend. It’s Not Enough.

China’s leaders vowed to kick-start spending by offering subsidies for households to buy cars and appliances. But many consumers aren’t biting. source https://www.nytimes.com/2024/07/01/business/china-cash-for-clunkers.html

Soma Golden Behr, Longtime Senior Editor at The Times, Dies at 84

She was the first woman to serve as the paper’s national editor. She rose to assistant managing editor, generating ideas for prizewinning articles. source https://www.nytimes.com/2024/06/30/business/media/soma-golden-behr-dead.html

Chicken Soup for the Soul Entertainment Files Chapter 11

The parent company of Redbox, which rents movies through kiosks, filed for Chapter 11 bankruptcy protection on Friday. source https://www.nytimes.com/2024/06/30/business/chicken-soup-for-soul-bankruptcy.html

Justice Department Is Said to Offer Boeing Plea Deal Over 737 Max Crashes

A lawyer for the families of the victims of those crashes in 2018 and 2019 said the tentative deal fell short of what the families had sought. source https://www.nytimes.com/2024/06/30/business/boeing-max-justice-department.html

Book Review: ‘Madoff: The Final Word,’ by Richard Behar

The journalist Richard Behar communicated extensively with the disgraced financier. His rigorous if irreverent book acknowledges his subject’s humanity. source https://www.nytimes.com/2024/06/30/books/review/madoff-the-final-word-richard-behar.html

Student Loan Payments Paused for 3 Million Enrolled in SAVE Plan

The Education Department said it would put the borrowers in forbearance while it recalculated their payments to comply with recent court rulings. source https://www.nytimes.com/2024/06/28/business/student-loans-payments-save-biden.html

Supreme Court’s Chevron Ruling Limits Power of Federal Agencies

A foundational 1984 decision had required courts to defer to agencies’ reasonable interpretations of ambiguous statutes, underpinning regulations on health care, safety and the environment. source https://www.nytimes.com/2024/06/28/us/supreme-court-chevron-ruling.html

Michael Jackson Died With $500 Million in Debt

Jackson owed about $40 million to the tour promoter A.E.G. in 2009, his estate’s executors said in a court filing. They said all the debts have been eliminated. source https://www.nytimes.com/2024/06/28/arts/michael-jackson-debt.html

Jamie Kellner, TV Executive Who Started Fox and WB, Dies at 77

With an emphasis on younger viewers, he established the networks as serious rivals to ABC, CBS and NBC, which had ruled television for nearly 40 years. source https://www.nytimes.com/2024/06/27/business/media/jamie-kellner-dead.html

New Covid Shots Recommended for Americans 6 Months and Older This Fall

As the virus continues to mutate, scientific advisers to the C.D.C. are urging Americans to roll up their sleeves again for annual vaccinations. source https://www.nytimes.com/2024/06/27/health/covid-vaccines-seniors-children.html

Trump Biopic ‘The Apprentice’ Nears Distribution Deal

“The Apprentice,” a dramatized origin story about Donald J. Trump, has faced fierce criticism from the former president and his allies. source https://www.nytimes.com/2024/06/27/business/media/apprentice-movie-trump.html

AT&T, Verizon and T-Mobile Users Hit by Service Outage in Europe

The disruption affected mostly visitors with AT&T, T-Mobile and Verizon service, cutting them off data networks across the continent for 24 hours or more. source https://www.nytimes.com/2024/06/27/travel/att-t-mobile-verizon-international-outage.html

Prominent Lawyer Roberta Kaplan Departs Firm After Clash With Colleagues

The well-connected attorney, who founded a powerhouse firm at the dawn of the #MeToo era, has faced complaints that she mistreated and insulted other lawyers. source https://www.nytimes.com/2024/06/26/business/roberta-robbie-kaplan.html

Banks Could Weather Even Extreme Economic Tumult, Fed Finds

The Federal Reserve for the first time tested major banks’ ability to withstand crisis scenarios — and the largest U.S. lenders stood tall. source https://www.nytimes.com/2024/06/26/business/bank-stress-tests.html

NBC to Offer Olympics Highlights Narrated by AI-Generated Al Michaels

NBC will offer a customized, daily highlight reel with A.I.-generated narration that sounds like the longtime broadcaster. source https://www.nytimes.com/2024/06/26/business/media/nbc-olympics-ai.html

Identity Theft Case Backlog at IRS Leads to Delayed Tax Refunds

The National Taxpayer Advocate criticized the agency for being too slow to resolve cases, leaving victims waiting years for their refunds. source https://www.nytimes.com/2024/06/26/us/politics/irs-tax-refund-identity-theft.html

For American Brands Worried About China, Is India the Future?

As multinational retailers diminish their dependence on Chinese factories, some are shifting production to India. source https://www.nytimes.com/2024/06/26/business/india-us-manufacturing.html

Safety Agency Faults Norfolk Southern for ‘Vent and Burn’ After 2023 Derailment

The National Transportation Safety Board said the decision to release and incinerate toxic chemicals in the wake of a train derailment in East Palestine, Ohio, was misguided. source https://www.nytimes.com/2024/06/25/us/politics/norfolk-southern-ntsb-vent-and-burn.html

Volkswagen Will Invest Up to $5 Billion in Rivian

VW and Rivian, a maker of electric trucks that has struggled to increase sales and break even, will work together on software and other technologies. source https://www.nytimes.com/2024/06/25/business/volkswagen-rivian-vw-investment.html

NFL Sunday Ticket Lawsuit: Why TV Deals Are So Valuable

A class-action lawsuit over the cost of Sunday Ticket subscriptions underscored how valuable broadcast deals have been for the league’s success. source https://www.nytimes.com/2024/06/25/business/media/nfl-sunday-ticket-lawsuit-cost-tv-deal.html

Inside Nvidia’s $500 Billion Wipeout

The chipmaker’s stock has tumbled in recent days, a reminder that the artificial intelligence stock boom could be tough to sustain. source https://www.nytimes.com/2024/06/25/business/dealbook/nvidia-stock-wipeout.html

Microsoft Teams Bundle Hit With E.U. Antitrust Charges

The tech giant has been accused of stifling competition by packaging its video conferencing app with other tools like Word and Excel. source https://www.nytimes.com/2024/06/25/business/european-union-microsoft-teams-antitrust.html

Where Have All the Chinese I.P.O.s Gone?

Chinese companies’ stock market listings once flooded Wall Street. These days, China’s initial public offerings are in a drought. source https://www.nytimes.com/2024/06/25/business/china-ipo-initial-public-offer.html

Parts of Biden’s SAVE Student Loan Plan Are Blocked by Judges

A part of the SAVE plan that would have cut monthly bills for millions of borrowers starting on July 1 was put on hold. source https://www.nytimes.com/2024/06/24/business/biden-student-debt.html

Fire at Lithium Battery Plant in South Korea Kills at Least 16

Six other workers were missing, and officials feared that the toll would rise further as emergency personnel searched the site. source https://www.nytimes.com/2024/06/24/world/asia/lithium-battery-fire-south-korea.html

In This Debate, CNN Is the Decider

One network is in charge of every aspect of the Biden-Trump debate, a major shift from previous years. Tens of millions of viewers are expected to be watching. source https://www.nytimes.com/2024/06/24/business/media/cnn-presidential-debate.html

Japan and South Korea Are Fighting Over an App at a Tense Time

SoftBank and Naver helped bridge geopolitical relations with a joint venture to own the operator of the messaging app Line, but now the partnership is fraying. source https://www.nytimes.com/2024/06/24/business/naver-softbank-line-south-korea-japan.html

Luxury Gyms, Like Equinox and Life Time, Are Taking Over Big Retail Spaces

High-end gyms, many of which used to be an amenity, are now the star attraction, offering hotel rooms and workspaces as part of their appeal. They’ve also gotten a lot bigger. source https://www.nytimes.com/2024/06/23/business/luxury-gym-equinox-life-time-chelsea-piers-amenities.html

Hidden Stashes: Keeping Money Secrets From a Loved One

People hide money for a variety of reasons, from nefarious to romantic. But financial experts say such secrets can erode a basic pillar of relationships: trust. source https://www.nytimes.com/2024/06/23/business/financial-secrets-money-partner.html

New Drug Provides Total Protection From H.I.V. in Trial of Young African Women

An injection given just twice a year could herald a breakthrough in protecting the population that has the highest infection rates. source https://www.nytimes.com/2024/06/21/health/lenacapavir-hiv-prevention-africa.html

DeSantis Vetoes All Arts Grants in Florida

Gov. Ron DeSantis gave no explanation for zeroing out the $32 million in grants that were approved by state lawmakers. source https://www.nytimes.com/2024/06/21/arts/ron-desantis-veto-arts-funding-florida.html

Anthony O’Reilly, Flashy Irish Tycoon Who Led Heinz Company, Dies at 88

He found success on the rugby pitch and in boardrooms, building a media empire and boosting Heinz’s profits. He declared bankruptcy after his ventures buckled in the global financial crisis. source https://www.nytimes.com/2024/06/21/business/anthony-oreilly-dead.html

TikTok Lays Out Past Efforts to Address U.S. Concerns

The company said the disclosures support its argument that a law signed by President Biden in May is unconstitutional. source https://www.nytimes.com/2024/06/20/business/media/tiktok-ban-biden.html

The Weird Housing Market, in 5 Charts

Home prices have held up better than expected amid high interest rates. But that doesn’t mean the housing market is healthy. source https://www.nytimes.com/2024/06/20/business/economy/housing-market-explained.html

Democrats’ Dream of a Wealth Tax Is Alive. For Now.

A narrow Supreme Court ruling left the door open for Congress to expand taxes on billionaires, but it’s not a guarantee. source https://www.nytimes.com/2024/06/20/us/politics/democrats-wealth-tax-supreme-court.html

Reimagining a Retirement Fit for Boomers, and Those Who Are Next

The people who grew up with the Mouseketeers are now becoming re-imagineers. A Q. and A. with Michael Clinton, author of a book about second acts. source https://www.nytimes.com/2024/06/20/business/retirement/reimagining-retirement-boomers.html

Spicy Noodles and Pickled Fish: Chinese Eateries Move Into Hong Kong

As the cultural lines between Hong Kong and China blur, restaurants from the mainland are finding opportunities in the city. But not everyone is happy. source https://www.nytimes.com/2024/06/20/business/hong-kong-china-restaurants.html

Inside a Writer’s First Ride on Tiana’s Bayou Adventure at Disney World

When Walt Disney World replaced a ride that was based on a racist film with a new attraction, Brooks Barnes, who covers entertainment, was first in line. source https://www.nytimes.com/2024/06/19/insider/disney-tiana-bayou-adventure.html

Amazon Is Fined Nearly $6 Million Over Warehouse Work Quotas

California officials cited failures to disclose productivity requirements at two locations. The company said it would appeal. source https://www.nytimes.com/2024/06/18/business/economy/amazon-california-productivity-quota.html

Nvidia Becomes Most Valuable Public Company, Topping Microsoft and Apple

The chip maker’s stock price has jumped over the last year thanks to its stranglehold on the market for the chips needed to build A.I. systems. source https://www.nytimes.com/2024/06/18/technology/nvidia-most-valuable-company.html

U.S. Debt on Pace to Top $56 Trillion Over Next 10 Years

Congressional Budget Office projections released on Tuesday show a grim fiscal backdrop ahead of tax and debt limit fights. source https://www.nytimes.com/2024/06/18/us/politics/us-debt-economy.html

Exxon Suit Over Activist Investor’s Climate Proposal Is Dismissed

A federal judge ruled that the case was moot after the investor, Arjuna Capital, withdrew the proposal with a promise not to try again. source https://www.nytimes.com/2024/06/17/business/exxon-arjuna-lawsuit-dismissed.html

Tony Awards’ Viewership Slips Lower

Sunday’s show had the second-lowest viewership for a Tonys telecast since records have been kept. source https://www.nytimes.com/2024/06/17/business/media/tony-awards-ratings.html

The Washington Post Delves Into a Difficult Story: Itself

The newspaper has been reeling from successive revelations about Robert Winnett, its incoming editor, and Will Lewis, its chief executive. source https://www.nytimes.com/2024/06/17/business/media/washington-post-editor-turmoil.html

William H. Donaldson, 93, Wall St. Powerbroker Who Led the S.E.C., Dies

He co-founded D.L.J., the first securities firm to offer shares to the public. As S.E.C. chairman, he pressed for a stronger watchdog role after a series of accounting scandals. source https://www.nytimes.com/2024/06/17/business/dealbook/william-h-donaldson-dead.html

Surgeon General Calls for Warning Labels on Social Media Platforms

Dr. Vivek Murthy said he would urge Congress to require a warning that social media use can harm teenagers’ mental health. source https://www.nytimes.com/2024/06/17/health/surgeon-general-social-media-warning-label.html

Toyota Investors Challenge Scion’s Grip at a ‘Critical Juncture’

Akio Toyoda ran Toyota for 14 years before handing the reins to a new C.E.O. last year, but some have grown concerned about the control he still wields. source https://www.nytimes.com/2024/06/17/business/toyota-ceo-succession.html

As N.B.A. TV Deal Nears, Warner Bros. Discovery Is on the Outside

The company’s TNT channel and the N.B.A. have long been inextricably linked, but that may end after next season. Plus, Charles Barkley is retiring. source https://www.nytimes.com/2024/06/16/business/nba-tv-rights-warner-bros-discovery.html

China’s Lust for Durian Is Creating Fortunes in Southeast Asia

Demand for the fruit, known for its rich taste and intense smell, has reshaped parts of Southeast Asia, where it has long been a staple. source https://www.nytimes.com/2024/06/16/business/durian-china-malaysia-thailand.html

Will Lewis Is Said to Have Used Stolen Records as Editor in U.K.

Years before becoming the Post’s publisher, Will Lewis assigned an article based on stolen phone records, a former reporter said. source https://www.nytimes.com/2024/06/15/world/europe/will-lewis-records-uk-editor.html

Lynn Conway, Computing Pioneer and Transgender Advocate, Dies at 86

She made significant contributions at IBM, but she lost her job because of her conviction that she inhabited the wrong body. She later fought for transgender rights. source https://www.nytimes.com/2024/06/15/technology/lynn-conway-dead.html

Google C.E.O. Testifies in Ozy Media Founder’s Fraud Trial

Sundar Pichai, the chief executive of Google, said he never discussed a potential acquisition of the digital media start-up. source https://www.nytimes.com/2024/06/14/business/media/google-ceo-ozy-fraud-trial.html

3.3%

The rate of inflation in May over the previous year. source https://www.nytimes.com/2024/06/14/business/3-3-percent-may-inflation.html

Courting C.E.O.s, Trump Says He Intends to Cut Corporate Taxes Again

Donald Trump cut the business tax rate to 21 percent from 35 percent in 2017. Speaking privately to business leaders, he said if he retook power, he wanted to make it 20 percent. source https://www.nytimes.com/2024/06/13/us/politics/trump-corporate-tax-rate.html

F.A.A. Administrator Says Previous Oversight of Boeing Was ‘Too Hands-Off’

Mike Whitaker, who heads the agency, told a Senate panel that changes were being made to the agency’s oversight of the plane manufacturer, including conducting more safety inspections. source https://www.nytimes.com/2024/06/13/us/politics/faa-boeing-senate-hearing.html

Fake News Still Has a Home on Facebook

Christopher Blair, a renowned “liberal troll” who posts falsehoods to Facebook, is having a banner year despite crackdowns by Facebook and growing competition from A.I. source https://www.nytimes.com/2024/06/13/technology/facebook-fake-news-culture-wars.html

Pay $1 to Hear Wu-Tang Clan’s Secret Album (Eventually)

An online art collective that spent $4 million on “Once Upon a Time in Shaolin” is telling fans their purchases will accelerate the one-of-a-kind album’s 2103 release date. source https://www.nytimes.com/2024/06/13/arts/music/wu-tang-clan-once-upon-a-time-in-shaolin.html

SpaceX Is Sued by Employees Fired After Criticizing Musk

The eight workers say they were wrongfully fired after circulating a memo raising concerns about sexual harassment at the rocket company led by Elon Musk. source https://www.nytimes.com/2024/06/12/business/spacex-fired-employees-lawsuit.html

NBA’s Adam Silver Says Jerry West Is the League’s Logo

After decades of the league having avoided the issue, Commissioner Adam Silver said what most people knew all along: It is Jerry West in the league’s iconic logo. source https://www.nytimes.com/2024/06/12/style/jerry-west-nba-logo.html

Sony Pictures Acquires Alamo Drafthouse in Lifeline to Cinema Chain

The deal is the first time in half a century that a traditional Hollywood studio will own a movie theater chain. source https://www.nytimes.com/2024/06/12/business/alamo-drafthouse-sony-pictures.html

What to know about the Fed’s decision.

Federal Reserve officials are expected to leave interest rates unchanged, and will release fresh estimates of how many cuts could come this year. source https://www.nytimes.com/2024/06/12/business/economy/federal-reserve-meeting-interest-rates.html

Paramount’s Deal With Skydance Falls Apart

There were several hitches in the last week as Skydance, Paramount and its parent company, National Amusements, reached the final stages of negotiations source https://www.nytimes.com/2024/06/11/business/media/paramount-skydance-deal.html

For These Pritzker-Winning Women Architects, It’s a Time of ‘Catching Up’

Yvonne Farrell and Shelley McNamara of Dublin’s Grafton Architects are forging a path in an industry that continues to be dominated by men. source https://www.nytimes.com/2024/06/11/arts/design/women-architecture-grafton-pritzker.html

Four Tops Singer Sues Hospital Over Being Put in Restraints

The lawsuit by Alexander Morris, who joined the group six years ago, said the staff thought he was “delusional” when he told them he was in the Motown band. source https://www.nytimes.com/2024/06/11/arts/music/four-tops-singer-sues-hospital-restraints.html

Advisory Panel of Experts Endorses F.D.A. Approval of New Alzheimer’s Drug

The modest benefits of the treatment, donanemab, made by Eli Lilly, outweigh the risks, the panel concluded unanimously. source https://www.nytimes.com/2024/06/10/health/alzheimers-treatment-donanemab.html

U.A.W. Reaches Accord on Pay and Safety at E.V. Battery Plant

The agreement, if ratified, will cover 1,600 workers making batteries for General Motors in Ohio. The union said it would be a model for efforts elsewhere. source https://www.nytimes.com/2024/06/10/business/uaw-ultium-gm-battery-contract.html

Apple Intelligence Revealed at WWDC 2024 as Company Jumps Into AI Race

While other big tech companies have aggressively tried to add artificial intelligence into products, the iPhone maker has taken a more cautious approach. source https://www.nytimes.com/2024/06/10/technology/apple-intelligence-openai.html

Destinations Where the Dollar Buys More

American travelers going abroad this summer will find their money buys more in some unexpected countries, including Japan and Australia. source https://www.nytimes.com/2024/06/10/travel/strong-dollar-where-to-go.html

Strasbourg for Book Lovers

Bibliophiles will find plenty of centuries-old tomes, graphic novels, modern works and more in this French city, which also happens to be this year’s UNESCO World Book Capital. source https://www.nytimes.com/2024/06/10/travel/strasbourg-france-books.html

What Retail Apocalypse? Shopping Centers Are Making a Comeback.

Vacancy is the lowest it has been in two decades, at 5.4 percent, according to a recent report. The properties are thriving even as retailers like Macy’s and Express shutter many stores. source https://www.nytimes.com/2024/06/09/business/shopping-centers-mall-demand-comeback.html

Kia Recalls Telluride SUV Over Fire Risk; Urging Owners to Park Outside

About 460,000 vehicles could be affected by the recall, which stems from a problem with the vehicle’s front power seat motor. source https://www.nytimes.com/2024/06/08/automobiles/kia-recall-fire-telluride.html

Washington Post Leaders Look to Quell Anxiety

Will Lewis, the chief executive, pledged to employees to “improve how well I listen,” while Matt Murray, the new editor, tried to reassure staff members. source https://www.nytimes.com/2024/06/07/business/media/washington-post-newsroom.html

Roaring Kitty Came Back to Talk GameStop. Shares Plunged.

Keith Gill, the investor who spurred the meme stock mania in 2021, attracted a huge audience for his public return to livestreaming Friday. But his favorite buy dropped. source https://www.nytimes.com/2024/06/07/business/roaring-kitty-gamestop-keith-gill.html

Alex Jones Seeks to Liquidate His Assets to Pay Damages to Sandy Hook Families

But money to the families would fall far short of the more than $1.4 billion they were awarded by juries for Mr. Jones’s lies about the 2012 school massacre. source https://www.nytimes.com/2024/06/07/us/politics/alex-jones-sandy-hook.html

How Partisan Media Outlets Covered Biden’s Immigration Order

Conservative media outlets criticized the executive order as being too lenient, while the liberal outlets that covered it said it was harmful to migrants. source https://www.nytimes.com/2024/06/07/business/media/media-coverage-biden-immigration-order.html

Mike Lynch, U.K. Tech Mogul, Is Acquitted of Fraud

Mr. Lynch, who was accused of defrauding Hewlett-Packard after it paid $11 billion for his software company, spent a decade working to clear his name. source https://www.nytimes.com/2024/06/06/business/dealbook/mike-lynch-autonomy-fraud-hp.html

Washington Post’s CEO Promised Interview for Squashing Story, NPR Reporter Says

David Folkenflik of NPR wrote that the offer, in exchange for agreeing to stop his coverage of a phone hacking scandal, was made “repeatedly — and heatedly.” source https://www.nytimes.com/2024/06/06/business/media/washington-post-will-lewis-npr.html

T.D. Allman, Assertive Globe-Trotting Journalist, Dies at 79

Reporting from more than 80 countries, he combined close observation with sharp conclusions that pointed the finger at misdeeds or abuse of power. He was an author as well. source https://www.nytimes.com/2024/06/06/business/media/td-allman-dead.html

Clash Over Phone Hacking Article Preceded Exit of Washington Post Editor

Will Lewis, the chief executive of The Washington Post, objected to coverage of a legal development involving him in a phone hacking case. source https://www.nytimes.com/2024/06/05/business/media/washington-post-buzbee-lewis.html

Bob Kelley, Who Made the Kelley Blue Book an Authority on Cars, Dies at 96

He knew all the data that went into determining a vehicle’s price, but he insisted that it was as much an art as it was a science. source https://www.nytimes.com/2024/06/05/business/bob-kelley-dead.html

Boeing Carries NASA Astronauts to Orbit in ‘Milestone’ Starliner Flight

The launch marks a long-delayed win for the aerospace giant, and the next step in NASA’s reliance on the private sector for its human spaceflight program. source https://www.nytimes.com/2024/06/05/science/nasa-boeing-starliner-launch.html

OpenAI Whistle-Blowers Describe Reckless and Secretive Culture

A group of current and former employees is calling for sweeping changes to the artificial intelligence industry, including greater transparency and protections for whistle-blowers. source https://www.nytimes.com/2024/06/04/technology/openai-culture-whistleblowers.html

Ron Edmonds, 77, Whose Camera Captured the Shooting of Reagan, Dies

Working for The Associated Press, he won a Pulitzer Prize for his sequence of photos showing the president being struck by a bullet while three others fell wounded. source https://www.nytimes.com/2024/06/04/business/media/ron-edmonds-dead.html

FDA Panel Rejects Use of MDMA for Treatment of PTSD

An independent group of experts expressed concerns that the data from clinical trials did not outweigh risks for treatment of post-traumatic stress disorder. source https://www.nytimes.com/2024/06/04/health/fda-mdma-therapy-ptsd.html

Muhammad Ali’s Childhood Home Goes on the Market

The boxing champion lived in the one-story house in Louisville, Ky., which in recent years became a museum. It’s listed for sale, along with two neighboring properties, for $1.5 million. source https://www.nytimes.com/2024/06/04/sports/muhammad-ali-childhood-home-sale.html

The Low-Key British Newshound Taking Charge of The Washington Post

Robert Winnett is virtually unknown in the U.S. and keeps a low profile in his native Britain, too. This fall, he will oversee the newsroom of Woodward and Bernstein. source https://www.nytimes.com/2024/06/03/business/media/robert-winnett-washington-post.html

Marc Jacobs Said He Was Bullied By Protesters Into Renouncing Fur

The designer Marc Jacobs said he was bullied into renouncing fur — which he claims his brand stopped using in 2018 — after activists targeted his employees. source https://www.nytimes.com/2024/06/03/style/marc-jacobs-anti-fur-protesters.html

C.F.P.B. to Create ‘Corporate Offender’ Registry

Most companies will be required to report government and court orders penalizing them for consumer protection violations. source https://www.nytimes.com/2024/06/03/business/consumer-bureau-corporate-offender-registry.html

Jon Stewart and Rachel Maddow Are Luring Liberals Back to cable TV

Once a week, Rachel Maddow and Jon Stewart are luring viewers back to basic cable. source https://www.nytimes.com/2024/06/03/business/media/jon-stewart-rachel-maddow-tv.html

Washington Post Editor Sally Buzbee to Step Down

Matt Murray, the former editor in chief of The Wall Street Journal, will take her place. source https://www.nytimes.com/2024/06/02/business/media/washington-post-sally-buzbee-step-down.html

A Sticking Point in Paramount and Skydance Talks: Who Pays For a Lawsuit?

A special committee of Paramount’s board of directors supports a merger with Skydance, a studio that has increased its offer in recent days. But the deal isn’t done yet. source https://www.nytimes.com/2024/06/02/business/paramount-skydance-talks-lawsuit.html

OPEC Plans a Gradual Unwinding of Production Cuts

The group announced after its meeting on Sunday that it would be extending production cuts into 2025 and laid out plans for phasing out voluntary cuts. Whether the strategy will work remains to be seen. source https://www.nytimes.com/2024/06/02/business/opec-oil-production-cuts.html

N.H.L.’s Move to Salt Lake City Is Latest Sports Downsizing

Professional leagues are embracing smaller markets in their search for newer stadiums and arenas and the potential for more devoted fan bases. source https://www.nytimes.com/2024/06/02/business/nhl-salt-lake-city-phoenix.html

They Spent Their Life Savings on Life Coaching

Some people who wanted to improve their lives and careers through coaching found themselves trapped in what they described as a pyramid scheme. source https://www.nytimes.com/2024/06/02/business/life-coach-debt-savings.html

The Floating Traffic Jam That Freaked Us All Out

The coronavirus pandemic schooled the world in the essential role of global supply chains. Have we learned anything from it? source https://www.nytimes.com/2024/06/02/business/economy/covid-pandemic-global-supply-chains.html