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Showing posts from December, 2025

Rodney Brooks, the Godfather of Modern Robotics, Says the Field Has Lost Its Way

Rodney Brooks, famous for the Roomba, argues the humanoid robot craze in Silicon Valley is doomed to fail. source https://www.nytimes.com/2025/12/14/business/rodney-brooks-robots-roomba.html

Flight Returns to Dulles After Engine Failure During Takeoff, F.A.A. Says

United Airlines Flight 803, which was headed to Toyko, safely landed at Washington Dulles International Airport in Virginia around 1:20 p.m. on Saturday, the F.A.A. said. source https://www.nytimes.com/2025/12/13/us/dulles-airport-fire-washington.html

Elon Musk’s SpaceX Valued at $800 Billion, as It Prepares to Go Public

A sale of insider shares at $421 a share would make Mr. Musk’s rocket company the most valuable private company in the world, as it readies for a possible initial public offering next year. source https://www.nytimes.com/2025/12/12/technology/elon-musk-spacex-ipo.html

Canadians Rush to Buy Stockpiles of Boycotted U.S. Liquor

Four Canadian provinces are selling off the American liquor they pulled from shelves in protest over President Trump’s tariffs. Some bourbon drinkers are thrilled. source https://www.nytimes.com/2025/12/12/world/canada/canada-american-liquor-ban-tariffs-charity.html

Arthur L. Carter, 93, Dies; Investment Banker Founded a Cheeky Newspaper

After making a fortune on Wall Street, he bought The Nation magazine and founded The New York Observer, which one writer called a “maypole of Manhattan gossip and intrigue.” source https://www.nytimes.com/2025/12/12/business/media/arthur-carter-dead.html

Stocks Reverse Downturn to Reach a Record High

The S&P 500 edged higher as investors shrugged off concerns over Oracle’s earnings. It was just enough. source https://www.nytimes.com/2025/12/11/business/sp-stocks-record.html

Bessent Accelerates Regulation Overhaul to Jumpstart Growth

The Treasury Secretary unveiled changes to the Financial Stability Oversight Council to ease “overregulation.” source https://www.nytimes.com/2025/12/11/us/politics/bessent-regulation.html

Hollywood Director Is Convicted in $11 Million Scheme to Defraud Netflix

Carl Erik Rinsch secured funding from the streaming company for a science-fiction series, “Conquest,” that was never completed. source https://www.nytimes.com/2025/12/11/business/media/carl-erik-rinsch-netflix-fraud.html

Thomas O. Hicks, Texas Money Man Who Owned 3 Teams, Dies at 79

A master of leveraged buyouts, he bought baseball and hockey teams in Texas and an English soccer club, only to lose them in an avalanche of debt. source https://www.nytimes.com/2025/12/11/sports/thomas-o-hicks-dead.html

A Surrogacy Firm Told Parents-to-Be Their Money Was Safe. Suddenly, It Vanished.

Surro Connections held itself out as a reliable business. Now, clients have lost as much as tens of thousands of dollars meant to compensate women carrying their pregnancies. source https://www.nytimes.com/2025/12/10/health/surro-connections-surrogacy-closure.html
Discount and higher-end retailers have reported stronger sales from consumers who are hunting for the best deals and long-lasting items. source https://www.nytimes.com/live/2025/12/10/business/federal-reserve-interest-rates/holiday-spending-economy

Who Will Win: Netflix or Paramount? We’ve Seen This Show Before.

The tug of war for Warner Bros. Discovery echoes an earlier clash of media titans. source https://www.nytimes.com/2025/12/09/business/media/netflix-paramount-warner-bros-barry-diller.html

Cruise Passenger Was Served 33 Drinks Before Deadly Encounter With Crew, Suit Says

Michael Virgil, 35, became agitated on a Royal Caribbean ship and was restrained by at least five crew members, including some who stood on his back, before he died, the medical examiner said. source https://www.nytimes.com/2025/12/09/travel/royal-caribbean-cruise-homicide-33-drinks.html

Donald E. Petersen, Who Rescued Ford Motor Co., Dies at 97

An ex-Marine and a 40-year company veteran, he turned a nearly bankrupt money loser into the world’s most profitable automaker. source https://www.nytimes.com/2025/12/08/obituaries/donald-e-petersen-dead.html

Trump Stands in the Middle as Netflix and Paramount Vie for a Megadeal

The president has shattered norms by pledging to “be involved” in the regulatory fate of a transaction that could reshape the news and entertainment industries. source https://www.nytimes.com/2025/12/08/business/media/trump-netflix-paramount-deal.html

Jared Kushner Is Part of Paramount’s Bid for Warner Bros. Discovery

Mr. Kushner’s private equity fund is one of the many groups helping Paramount mount a hostile bid to buy the group, whose holdings include CNN. source https://www.nytimes.com/2025/12/08/business/media/jared-kushner-paramount-bid-warner-bros-discovery.html

States Are Raking In Billions From Slot Machines on Your Phone

Online casinos have proved to be a much stronger source of tax revenue than sports betting apps. They may be coming to a state near you. source https://www.nytimes.com/2025/12/08/upshot/online-casinos-states-legalization-phone.html

China’s Trade Surplus Climbs Past $1 Trillion for First Time

President Trump’s tariffs weren’t enough to hold back the global export flood by China, which pushed past last year’s record in just 11 months. source https://www.nytimes.com/2025/12/07/business/china-trade-surplus.html

With MaXhosa Africa, Laduma Ngxokolo Is Reweaving South Africa’s Story

Laduma Ngxokolo, the designer behind MaXhosa Africa, is on a mission to embrace his country’s history and traditions, rather than hide from them. source https://www.nytimes.com/2025/12/07/style/the-man-reweaving-south-africas-story.html

Crayola Magnetic Blocks Are Recalled Over Choking Hazard Concerns

Magnets in the toy, pip-Cubes, can fall out of the blocks and be swallowed by children, causing injury or death, federal regulators warned. source https://www.nytimes.com/2025/12/06/business/crayola-magnetic-cubes-recall-safety-hazard.html

Olivia Nuzzi and Vanity Fair Will Part Ways

Condé Nast, the magazine’s parent company, said her contract would expire at the end of the year. source https://www.nytimes.com/2025/12/05/business/media/vanity-fair-olivia-nuzzi.html

CNN Is Excluded From Netflix’s Warner Bros. Deal for Now

The prospect of Paramount buying Warner Bros. Discovery had led CNN journalists to wonder if the channel might be combined with CBS News. Instead, CNN will remain in a separate corporate entity. source https://www.nytimes.com/2025/12/05/business/media/cnn-netflix-warner-bros-discovery-deal.html

How Batteries Got Cheaper and Made the Electric Grid More Reliable

An early grid battery was installed in the Atacama Desert in Chile 15 years ago. Now, as prices have tumbled, they are increasingly being used around the world. source https://www.nytimes.com/2025/12/05/business/energy-environment/battery-prices-electric-grids.html

Warner Bros. Discovery and Netflix Said to Be in Exclusive Talks

Netflix would acquire Warner television and film studios as well as HBO Max in a deal that would bulk up the world’s biggest paid streaming service. source https://www.nytimes.com/2025/12/05/business/warner-brothers-discovery-netflix.html

Stellantis Is in Default for Moving Jeep Production to U.S., Canada Says

The automaker switched production from Ontario in a bid to please President Trump. But the company defaulted on contracts covering hundreds of millions of dollars in assistance, Canada said. source https://www.nytimes.com/2025/12/04/world/canada/lawsuit-stellantis-us-jeep-production.html

Faulty Glucose Monitor Sensors May Be Tied to 7 Deaths, F.D.A. Says

Abbott Diabetes Care said it had received reports of more than 700 injuries that may be associated with malfunctioning sensors. source https://www.nytimes.com/2025/12/04/health/blood-glucose-monitor-recall-abbott.html

Anthropic’s Dario Amodei Acknowledges Risks of Enormous Investment in A.I.

As he and his company pour tens of billions into new data centers, Dario Amodei said they face a “cone of uncertainty.” source https://www.nytimes.com/2025/12/03/business/dealbook/anthropic-dario-amodei-ai-risks.html

Palantir’s CEO Defends Trump, Dismisses Concerns About Company’s Work With ICE.

Alex Karp also said he thought President Trump had “performed” on issues he cared about. source https://www.nytimes.com/2025/12/03/business/dealbook/palantir-alex-karp-ice-trump.html

Smartmatic and Fox Urge Judge to Decide Defamation Case

The case centers on false vote-rigging claims broadcast by Fox News during the 2020 U.S. presidential election. source https://www.nytimes.com/2025/12/02/business/media/smartmatic-fox-news-defamation-case.html

New Pentagon Press Corps Test-Drives the Briefing Room

A new group of media figures was given credentials to cover the Pentagon after many traditional news outlets refused to sign its new reporting rules. source https://www.nytimes.com/2025/12/02/business/media/pentagon-press-corps-briefing-gaetz-loomer.html

New Pentagon Press Corps Test-Drives the Briefing Room

A new group of media figures was given credentials to cover the Pentagon after many traditional news outlets refused to sign its new reporting rules. source https://www.nytimes.com/2025/12/02/business/media/new-pentagon-press-corps-test-drives-the-briefing-room.html

Elon Musk’s Foundation Grows to $14 Billion, but Gives Little to Outsiders

The philanthropy has become one of America’s biggest, but most of its giving went to charities closely tied to the world’s richest man. source https://www.nytimes.com/2025/12/02/us/politics/elon-musk-foundation.html

The New York Times Marks Centennial of Bureau in China

The death of Sun Yat-sen, the suppression of a labor protest, and a visit to China by a member of the Roosevelt family led to the bureau’s opening in 1925. source https://www.nytimes.com/2025/12/02/insider/new-york-times-centennial-shanghai-china.html

Apple’s A.I. Chief, John Giannandrea, Is Retiring

John Giannandrea, hired from Google, is leaving after the release of a new Siri was postponed. Apple has fallen behind rivals in efforts to develop A.I. products. source https://www.nytimes.com/2025/12/01/business/apple-ai-john-giannandrea-siri.html

Pace, Di Donna and David Schrader Join Forces to Form New Art Gallery

Pace, Di Donna and David Schrader of Sotheby’s are collaborating on an Upper East Side space that will focus on secondary market sales. source https://www.nytimes.com/2025/12/01/arts/design/pace-di-donna-david-schrader-merge-new-gallery.html

TSA Imposes $45 Fee for Travelers Without REAL ID Starting February 2026

As of February, passengers without the government-approved identity card will be required to pay for alternative screening at U.S. airports. source https://www.nytimes.com/2025/12/01/travel/real-id-fee-tsa.html

Young Workers Learn to Embrace the Office

Remote work means less training and opportunity for advancement, especially for younger workers, research suggests. Some are getting the message. source https://www.nytimes.com/2025/12/01/business/young-workers-eyeing-their-careers-learn-to-embrace-the-office.html