Today news NYT > Business
Binance Founder Sentenced to Four Months in Prison
Changpeng Zhao, the founder and former chief executive of the Binance cryptocurrency exchange, had pleaded guilty to a money-laundering violation. …
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Jeff Zucker Abandons Telegraph Bid, Putting London Paper Back Into Play
RedBird IMI said it had withdrawn its attempt to acquire the storied newspaper after a revolt from Conservative Party leaders. from NYT > Busine…
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All New U.S. Cars Must Carry Automatic Brakes by 2029
The technology is already sold on most vehicles, but a new federal safety regulation raises the standards. from NYT > Business https://ift.tt/GA…
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Bob Bakish, Paramount CEO, Steps Down as Company Weighs Merger
Mr. Bakish was once a staunch ally of Shari Redstone, Paramount’s controlling shareholder. His departure comes as the company considers a major merge…
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A Strong U.S. Dollar Weighs on the World
Two-thirds of the roughly 150 currencies have weakened against the dollar, whose strength stems from high interest rates because of stubborn inflatio…
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Stowaway Cat Gets 500 Miles from Home in Amazon Returns Box
Galena, a 6-year-old shorthair, was found in an Amazon warehouse a week after she climbed into a 3-by-3-foot cardboard box at her owner’s home. fro…
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How Supplement Stores Are Trying to Tap Into the Ozempic Boom
GNC and the Vitamin Shoppe are redesigning displays and taking other steps to appeal to people who are taking or are interested in drugs like Ozempic…
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Friends From the Old Neighborhood Turn Rivals in Big Tech’s A.I. Race
Demis Hassabis and Mustafa Suleyman, who both grew up in London, feared a corporate rush to build artificial intelligence. Now they’re driving that c…
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Even With Gaza Under Siege, Some Are Imagining Its Reconstruction
International development agencies have been meeting with Middle East business interests and urban planners to map out an economic future for the ter…
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U.S. Lags Behind Other Countries in Hepatitis-C Cures
Despite an arsenal of drugs, many Americans are still unaware of their infections until it’s too late. A Biden initiative languishes without Congress…
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This Ship Is Sinking. Can I Jump to a Client’s?
In the workplace, saving yourself is also your job. from NYT > Business https://ift.tt/p2m5whB
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A Wealth Shift That Could Leave Some Younger Americans Behind
Assets held by baby boomers are changing hands, but that doesn’t mean their millennial heirs will be set for life. from NYT > Business https://i…
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Paramount’s Chief Executive Bob Bakish Could Be Out Next Week
Once a staunch ally of Paramount’s biggest owner, Shari Redstone, Mr. Bakish’s relationship with her soured in recent months. from NYT > Busines…
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For Fox News, Student Protests Are a Familiar Target
On Fox and in other conservative outlets, the protests have given new lease to a long-running argument that students at elite universities are intole…
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Biden Delays Ban on Menthol Cigarettes
The proposal had been years in the making, in an effort to curb death rates of Black smokers targeted by Big Tobacco. In an election year, the presid…
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Microsoft Reports Rising Revenues as A.I. Investments Bear Fruit
The tech giant’s quarterly results included strong growth in cloud computing, fueled by its services in generative artificial intelligence. from NY…
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Michael Cuscuna, Who Unearthed Hidden Jazz Gems, Dies at 75
Possibly the most prolific archival record producer in history, he was a founder of the Mosaic label, which became the gold standard of jazz reissues…
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Key Solar Panel Ingredient Is Made in the U.S.A. Again
REC Silicon says it will soon start shipping polysilicon, which has come mostly from China, reviving a Washington State factory that shut down in 201…
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College Protesters Make Divestment From Israel a Rallying Cry
The campaign is likely to have a negligible impact on the companies or Israel, but activists see divestment as a clear and achievable way to force co…
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Beef From Dairy Cows? It Could Be a Lifeline for American Farmers.
Letting milk cows graze longer can produce superior beef — a largely European practice that is now gaining ground in America. from NYT > Busines…
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Who Stands to Gain from a TikTok Ban
The Senate has finally passed a law that could bar the video-sharing app in the U.S., leaving some tech giants in pole position to profit — or pounce…
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Fragments of Bird Flu Virus Discovered in Milk
The milk poses virtually no risk to consumers, experts said. But the finding suggests that the outbreak in dairy cows is wider than has been known. …
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‘It Is Desolate’: China’s Glut of Unused Car Factories
Manufacturers like BYD, Tesla and Li Auto are cutting prices to move their electric cars. For gasoline-powered vehicles, the surplus of factories is …
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FTC Bans Worker Noncompete Clauses
The rule would prohibit companies from limiting their employees’ ability to work for rivals, a change that could increase competition and boost wages…
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Howie Schwab, ESPN Researcher and Trivia Star, Dies at 63
He stepped out of his behind-the-scenes role in 2004 when he was cast as the ultimate sports know-it-all on the game show “Stump the Schwab.” from …
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FTC Sues to Block $8.5 Billion Tapestry-Capri Merger
The deal between Coach’s owner, Tapestry, and the parent of Michael Kors, Capri Holdings, is intended to create a U.S. luxury group to compete with t…
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Nina Jankowicz Forms New Group to Defend Disinformation Research
The group intends to fight what its leader, Nina Jankowicz, and others have described as a coordinated campaign by conservatives and their allies to …
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F.T.C. Sues to Block $8.5 Billion Fashion Merger
The deal between Coach’s owner, Tapestry, and the parent of Michael Kors, Capri Holdings, is intended to create a U.S. luxury group to compete with t…
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How Cable News Covered Day 1 of Trump’s Criminal Trial
TV networks began the challenging assignment on Monday of covering former President Trump’s trial without the luxury of cameras inside the courtroom.…
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States Move to Ban Deepfake Nudes to Fight Sexually Explicit Images of Minors
Legislators in two dozen states are working on bills, or have passed laws, to combat A.I.-generated sexually explicit images of minors. from NYT &g…
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Bird Flu Is Infecting More Mammals. What Does That Mean for Us?
H5N1, an avian flu virus, has killed tens of thousands of marine mammals, and infiltrated American livestock for the first time. Scientists are worki…
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China’s Pinduoduo Has Reshaped Discount Shopping
Pinduoduo appeals to people seeking deals and “downgraded spending,” as consumer purchasing in China has slowed recently amid economic rockiness. f…
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After NBA Bans Jontay Porter for Gambling, Some See Glimpse of Sports’ Future
The N.B.A. banned a player for life for betting on games, a practice some worry could become more prevalent with the rise of wagering on sports. fr…
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Martin Wygod, a Winner on Wall Street and the Racetrack, Dies at 84
After he made a fortune selling prescription drugs and providing medical information online, he and his wife became leading breeders of thoroughbred …
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The Fight to Fend Off Bird Flu With Lasers and Inflatable Dancers
Some poultry growers are turning to innovative tactics to protect their flocks, deploying deterrents like drones, air horns, balloons and decoy preda…
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Denny Walsh, Reporter Who Tussled With Mayors and Editors, Dies at 88
Mr. Walsh won a Pulitzer Prize for investigative reporting in 1969 and later joined The New York Times, which eventually fired him. from NYT > B…
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Frederick Celani, Who Made a Career as a Con Man, Dies at 75
His frauds included a waterfront development in Buffalo, a civil rights law firm in California and a package delivery company in Springfield, Ill. …
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Start-Up Founder Sentenced to 18 Months in Prison for Fraud
Manish Lachwani, who founded the software start-up HeadSpin, is the latest tech entrepreneur to face time in prison in recent years. from NYT > …
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Apple Says It Was Ordered to Pull WhatsApp From China App Store
Apple said it removed WhatsApp and Threads in its China app offerings Friday on Beijing’s orders, amid technological tensions between the U.S. and Ch…
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Sony in Talks to Join a Bid to Buy Paramount
The company and Apollo Global Management are discussing a joint effort, even as Paramount conducts exclusive merger negotiations with Skydance. fro…
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Netflix Added More Than 9 Million Subscribers in First Quarter
The company’s revenue was 15 percent higher compared with last year, and it solidified its standing as the entertainment company’s dominant streaming…
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U.S. Mortgage Rates Jump Above 7% for the First Time This Year
Rates on 30-year mortgages — the most common kind among U.S. homeowners — surpassed the 7 percent mark on Thursday, a troublesome sign for an already…
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Boeing Whistle-Blower Details His Concerns to Congressional Panel
Sam Salehpour, an engineer at Boeing for over a decade, testified that the company introduced production shortcuts in an attempt to address bottlenec…
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What a TikTok Ban Would Mean for the U.S. Defense of an Open Internet
Global digital rights advocates are watching to see if Congress acts, worried that other countries could follow suit with app bans of their own. fr…
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Transportation Dept. and State Attorneys General Will Look Into Airline Complaints
Transportation Secretary Pete Buttigieg announced a new partnership with more than a dozen state attorneys general that aims to improve protections f…
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Smartmatic and OAN Settle Defamation Suit
Smartmatic, an elections technology company, had accused the conservative broadcaster of amplifying baseless claims about election fraud. from NYT …
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Powell Suggests Interest Rates Could Stay High for a Longer Period
The Fed chair, along with the central bank’s No. 2 policymaker, stressed uncertainties over job growth and the persistence of elevated inflation. f…
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Participant, Maker of Films With Social Conscience, Calls It Quits
The company had critical and commercial hits over two decades but never made money consistently and faced a challenging entertainment landscape. fr…
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Boeing Defends Safety of 787 Dreamliner After Whistle-Blower’s Claims
After a Boeing engineer went public with safety concerns, the company invited reporters to its South Carolina factory and top engineers vouched for t…
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Patti Astor, Fun Gallery Co-Founder, Dies at 74
She was a founder of the Fun Gallery, which staged early shows by Keith Haring and other artists who defined the city’s downtown scene in the 1980s. …
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E.V. Sales Are Slowing. Tesla’s Are Slumping.
More competition and flagging demand for electric vehicles has led to declining sales at Tesla. from NYT > Business https://ift.tt/SXq4stj
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NPR C.E.O. Faces Criticism Over Tweets Supporting Progressive Causes
Katherine Maher, who took over the public network last month, posted years ago on Twitter that “Donald Trump is a racist.” from NYT > Business h…
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Why Better Times (and Big Raises) Haven’t Cured the Inflation Hangover
Frustrated by higher prices, many Pennsylvanians with fresh pay raises and solid finances report a sense of insecurity lingering from the pandemic. …
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Here’s Why This Bouquet of Red Roses Costs $72 in NYC.
A dozen red roses is timeless. But its price tag is not. At Ditmars Flower Shop in Queens, where costs have soared in recent years, a bouquet is $72,…
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On Himalayan Hillsides Grows Japan’s Cold, Hard Cash
A shrub in impoverished Nepal now supplies the raw material for the bank notes used in Asia’s most sophisticated financial system. from NYT > Bu…
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News Outlets Urge Trump and Biden to Commit to Presidential Debates
In an unusual statement, the news organizations said “there is simply no substitute” for a face-to-face debate, a campaign staple since 1976. from …
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Netflix’s New Film Strategy: More About the Audience, Less About Auteurs
Dan Lin, the streaming service’s new film chief, wants to produce a more varied slate of movies to better appeal to the array of interests among subs…
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Today news NYT > Business
Dana White, Donald Trump and the Rise of Cage-Match Politics
White, chief executive of the bloody and beloved Ultimate Fighting Championship, has shot to the peak of Trump-era culture and political influence. W…
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Don Wright, Editorial Cartoonist With a Skewer for a Pen, Dies at 90
He won two Pulitzers for Florida newspapers, commenting wryly on war, segregation, church scandals and more while reaching readers nationwide through…
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Frank Olson, Executive Who Linked O.J. Simpson With Hertz, Dies at 91
He negotiated Mr. Simpson’s star turn in commercials, tapping into his football fame, and formed a social bond with him — until there were murder cha…
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Stocks Suffer Sharpest Weekly Decline of 2024
Investors had been put on edge by a stronger-than-expected inflation report earlier in the week. Rising tension in the Middle East heading into the w…
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Richard Leibner, Agent for Top Broadcast Journalists, Dies at 85
His negotiations led to Dan Rather’s elevation from “60 Minutes” to anchor of the “CBS Evening News” and sent Diane Sawyer from “60 Minutes” to ABC. …
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Roberto Cavalli, Designer Who Celebrated Excess, Dies at 83
From the mid-1990s onward he was one of the biggest names in fashion, with stores around the world and celebrity admirers like Lenny Kravitz and Cind…
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NPR in Turmoil After It Is Accused of Liberal Bias
An essay from an editor at the broadcaster has generated a firestorm of criticism about the network on social media, especially among conservatives. …
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Taylor Swift’s Music Returns to TikTok Ahead of New Album
Songs by the pop singer reappeared on TikTok despite the platform’s ongoing licensing dispute with Universal Music Group, which releases Swift’s musi…
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Dish Soap to Help Build Planes? Boeing Signs Off on Supplier’s Method.
An F.A.A. audit found Spirit AeroSystems using Dawn soap and a hotel key card in the manufacturing process. The company says its techniques were inve…
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Soft Landing or No Landing? Fed’s Economic Picture Gets Complicated.
Stubborn inflation and strong growth could keep the Federal Reserve wary about interest rate cuts, eager to avoid adding vim to the economy. from N…
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Now Arriving at an Airport Lounge Near You: Peloton Bikes, Nap Pods and Caviar Service
In recent months, a handful of exclusive credit card lounges have opened in airports in the United States. More are coming this year. from NYT >…
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Ohtani’s Former Interpreter Is Said to Be Negotiating a Guilty Plea
Ippei Mizuhara stands accused of covering his gambling debts by stealing millions of dollars from Shohei Ohtani’s bank account. from NYT > Busin…
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Student Aid Woes Stalk Education Secretary in Appearance on Capitol Hill
In two hearings, House lawmakers scrutinized Miguel Cardona’s record over persistent problems with the new FAFSA form. from NYT > Business https…
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Today news NYT > Business
Microsoft and NetEase to Relaunch Warcraft and Other Games in China
The deal between the gaming company Blizzard, now owned by Microsoft, and the Chinese giant NetEase renews a partnership that lapsed more than a year…
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USPS Proposes Another Stamp Price Increase
If a regulatory body approves, a nearly 8 percent rise in postage will take effect in July. It would be the latest of several price hikes since 2021.…
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Michigan Vascular Clinics Shutting Down After Scrutiny
The clinics’ owner, Dr. Jihad Mustapha, who called himself the “leg saver” but whose procedures sometimes preceded amputations, was a focus of a Time…
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Why Oil Prices Have Been Rising Recently
The increase this year, prompted by geopolitical worries and supply constraints, has sent gasoline prices higher and could hamper efforts to tame inf…
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How Japan Is Trying to Rebuild Its Chip Industry
Taiwan’s semiconductor giant, TSMC, is quickly remaking a farm town in Japan into Asia’s next hub of chip manufacturing with enormous government supp…
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Tesla Settles Lawsuit Over a Fatal Crash Involving Autopilot
A Tesla driver’s family had sought damages for the 2018 crash, which happened while the carmaker’s driver-assistance software was in use. from NYT …
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Anthony Insolia, Who Led the Expansion of Newsday, Dies at 98
The Long Island paper won seven Pulitzer Prizes during his tenure, and he was a top editor for the Arizona Project, which investigated a reporter’s m…
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L.A. Times Names Terry Tang as Executive Editor
Ms. Tang, who had been running the news organization on an interim basis since January, takes charge at a turbulent time for the publication. from …
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Yellen Sees ‘More Work to Do’ as China Talks End With No Breakthrough
Treasury Secretary Janet L. Yellen was warmly received in China, but it was evident that the level of trust between the two sides does not run deep. …
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‘3 Body Problem’: What Social Media Reaction Says About China
The Netflix series showcases one of the country’s most successful works of culture, a rare cultural export. Instead, social media is condemning it. …
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Maryland Passes 2 Major Privacy Bills, Despite Tech Industry Pushback
One bill would require apps like Instagram and TikTok to prioritize young people’s safety and the other would restrict the collection of consumer dat…
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Boeing Engine Cover on Southwest Plane Falls Off
The plane returned safely to Denver on Sunday after the crew reported that the cover came apart during takeoff and struck a wing flap. No injuries we…
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Insurance Companies Reap Hidden Fees as Patients Get Unexpected Bills
A little-known data firm helps health insurers make more when less of an out-of-network claim gets paid. Patients can be on the hook for the differen…
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In Battle Over Health Care Costs, Private Equity Plays Both Sides
As medical practices owned by private equity firms fuel overbilling, a payment tool also backed by such investors helps insurers boost their profits.…
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New Questions on How a Key Agency Shared Inflation Data
A government economist had regular contact with “super users” in finance, records show, at a time when such information keenly interests investors. …
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Some of Trump’s Biggest Political Backers Also Threw Trump Media a Lifeline
Two billionaires, a wealthy election denier and a mysterious Russia-linked trust invested in the Trump company long before it went public. from NYT…
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How to Claim Your Part of a $45 Million Walmart Settlement
A class-action lawsuit accusing the retail giant of inflating prices of certain weighed foods and produce resulted in a settlement. Customers may be …
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A Looming Question for Paramount’s Board: How to Navigate Shari Redstone
The board of directors has to walk a fine line, looking out for investors without running afoul of Ms. Redstone, the company’s most influential share…
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Richard Benedick, Negotiator of Landmark Ozone Treaty, Dies at 88
He played a key role in securing the Montreal Protocol, an international environmental pact to protect the ozone layer by reducing the use of certain…
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Kate Shindle on Why She’s Stepping Down as Actors’ Equity President
After nine years in the role, she has decided not to seek re-election in May. Her departure comes amid significant turnover in the theater industry. …
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Eclipse’s Path Is Also Leaving a Trail of High Hotel Prices
One Super 8 in Illinois advertised $949 a night. Its normal rate is $95. from NYT > Business https://ift.tt/MhoL6n8
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U.S. and China Continue to Talk, but Economic Divide Remains Wide
Election-year rancor will make it difficult for Washington and Beijing to find areas of cooperation on trade and investment. from NYT > Business…
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Apollo Valued Paramount at $26 Billion in Overture That Was Ignored
Paramount’s board of directors, which was already deep into talks with the media company Skydance, didn’t engage with the offer. from NYT > Busi…
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Person Infected With Bird Flu in Texas After Contact With Cattle
The case adds another worrying wrinkle to a global outbreak that has devastated bird and marine mammal populations, and recently appeared in cattle h…
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Traders Are Betting Millions That Trump Media Will Tumble
The parent company of Truth Social is a popular target for short-sellers, even after they lost $100 million last month betting on a decline in the st…
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Deal Talks Between Paramount and Skydance Heat Up
David Ellison, the founder of the Skydance media company, met with Paramount’s board of directors late last month to discuss the deal. from NYT >…
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U.S. Finalizes Rule Requiring Two-Person Crews on Freight Trains
The regulation ensures that the nation’s largest freight railroads will not be able to reduce the number of workers aboard their trains from today’s …
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Silver Lake to Take Endeavor Private, Valuing the Company at $13 Billion
Silver Lake, the investment company, will buy shares in the Hollywood and sports firm that it doesn’t already own, valuing Endeavor at $13 billion. …
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Tropicana Las Vegas Closing Tuesday to Make Way for Baseball Stadium
The hotel and casino, which opened in 1957, will end its storied run when it closes on Tuesday. A Major League Baseball stadium will rise in its plac…
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Betty Cole Dukert, Top ‘Meet the Press’ Producer, Dies at 96
She worked as a secretary before being hired as an associate producer at the NBC News public affairs show in 1956. She went on to spend 41 years ther…
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