Business

Chinese travel is set to return. The Question Is, When..

“If we want to hire 100 people today, we can’t do that because we’re not sure,” he said. “I don’t know, maybe in the next two ..

The Week in Business: Creeping Layoffs..

What’s up? (Jan. 22-28) Job Cuts, and Not Just in Tech What began as a wave of ominous job cuts by technology companies is rippling through ..

Will the Metaverse Be Entertaining? Ask South Korea..

In a vast studio outside Seoul, technicians huddled in front of monitors, watching cartoon K-pop singers — at least one of whom had a tail — dance in ..

Netherlands and Japan Said to Join US in Curbing Chip Technology Sent to China..

WASHINGTON — The Netherlands and Japan, both makers of some of the world’s most advanced equipment for manufacturing semiconductors, agreed on ..

How a Drug Company Made $114 Billion by Gaming the US Patent System..

Some Medicare patients have been suffering as a result. Sue Lee, 80, of Crestwood, Ky., had been taking Humira for years to prevent painful sores ..

British Airline, Flybe, Collapses a Second Time..

The British carrier Flybe, once the largest independent regional airline in Europe, canceled all flights on Saturday after falling into administration..

Myrtle Witbooi, Who Fought for Domestic Workers’ Rights, Dies at 75..

“The institution of domestic service itself constitutes apartheid’s Deep South,” Jacklyn Cock, a sociologist, wrote in “Maids and Madams,” a ..

His Boating App Needed a Boost. His Daughter’s TikTok Audience Came Through..

Jeff Foulk spent four years creating his version of the perfect boating app. By his own estimation, he spends 80 to 100 percent of his time retooling ..

‘Buy Now, Pay Later’ Is The Victim Of Its Own Success..

The industry is now facing an existential crisis, as profits remain elusive, valuations plummet, competition increases and regulators ask tough ..

A Florida Judge Finds a New Job: Defending an Inmate..

In a coda to the wrongful-conviction podcast “Bone Valley,” Judge Scott Cupp says he’ll step down to spring a man serving a life ..

When Private Equity Came for the Toddler Gyms..

Changes didn’t take long. Within weeks, long-tenured headquarters employees started leaving. In conversations with franchisees across the ..

Easy to Use, Mobile Payment Apps Are Also Easy to Misuse..

Think of the payments as cash, said Jennifer White, senior director of banking and payments intelligence at JD Power. “You would not hand someone you ..

Prosecutors Ask Judge to Tighten Bail Conditions on Sam Bankman-Fried..

Federal prosecutors in Manhattan said on Friday that disgraced cryptocurrency executive Sam Bankman-Fried had tried to contact a potential witness in ..

China’s Oil and Gas Use Fell in 2022 for First Time in Decades..

With its economy severely hampered by stringent measures to curb the spread of Covid-19, China’s oil and gas consumption will decline in 2022 ..

Anthropic, an AI Start-Up, Is Said to Be Close to Adding $300 Million..

Anthropic, a San Francisco artificial intelligence start-up, is close to raising roughly $300 million in new funding, two people with knowledge of the..

ABC Co-Anchors Are Poised to Leave Network After Tabloid Scandal..

The “GMA3” anchors TJ Holmes and Amy Robach are negotiating their exit from ABC News, less than two months after the revelation of their ..

Goldman Sachs Slashes CEO’s Pay After Bank’s Poor Performance..

David M. Solomon, the chief executive of Goldman Sachs, saw his 2022 pay slashed by nearly 30 percent following missteps that have weighed on the ..

Your Investment Lost Money Last Year. So why the Big Tax Bill..

Tax-sheltered accounts don’t replace these social jewels. But if you work for a living, or have done so, and want to live reasonably well in the..

Consumer Spending Slid Again in December..

Consumer spending dropped in December for the second month in a row, as consumers retrenched after a bumpy year colored by a strong market but also ..

A Closely Watched Measure of Inflation Slowed in December..

The Federal Reserve’s preferred inflation index climbed 5 percent in the year through December, a notable slowdown from November and a ..

Lloyd Morrisett, a Founder of ‘Sesame Street,’ Dies at 93..

Lloyd Morrisett, a psychologist whose young daughter’s viewing habits inspired the creation of the revolutionary children’s educational ..

Bed Bath & Beyond Says It Defaulted on Debt Payments..

Bed Bath & Beyond disclosed in a regulatory filing on Thursday that it had defaulted on certain debt payments, weeks after the beleaguered ..

Help! I Reserved a Rental Car, but There Was No Car for Me..

That doesn’t explain why Alamo would run out of cars. Nothing was forcing the company to accept those additional reservations. Having cars &#..

Stripe Hires Investment Banks to Explore Public Listing..

SAN FRANCISCO — Stripe, the San Francisco payments provider and one of the world’s most valuable private start-ups, hired Goldman Sachs and ..

Fireball Maker Sued Over Bottles That Don’t Contain Whiskey..

The maker of Fireball Cinnamon Whiskey has been sued for fraud for selling a beverage that, at a glance, looks like the spicy Fireball spirit famed ..

The US economy grew at an annual rate of 2.9 percent in the fourth quarter..

Economic growth remained solid at the end of last year as the strong job market and cooling inflation allowed Americans to keep spending despite fears..

How Do Heavy Metals Like Lead Get Into Baby Food..

The Food and Drug Administration’s new plan to keep high levels of lead out of baby foods like mashed sweet potatoes, apple sauce and dry cereal..

Two Former Arkansas Officers Are Charged With Civil Rights Offenses..

Two former sheriff’s deputies in Arkansas have been charged with civil rights offenses, accused of using excessive force during the arrest of a ..

Dotdash Meredith, Publisher of People and InStyle, Cuts 7% of Staff..

Dotdash Meredith, the publishing giant that owns publications including People, InStyle and Better Homes & Gardens, said on Thursday that it ..

Toyota Makes a Change at the Top as a Toyoda Steps Aside..

Although his family name undoubtedly eased his path to the top, there were no guarantees that he would make it there. He also spent a decade training ..

With Layoffs, Retailers Aim to Be Safe Rather Than Sorry (Again..

The retail industry is trying to figure out its correct size. Retailers, faced with sky-high demand from shoppers during the pandemic, spent the past ..

Chipotle Plans to Hire 15,000 People Ahead of ‘Burrito Season’..

Chipotle Mexican Grill, the fast-casual food chain, said on Thursday that it plans to hire 15,000 jobs ahead of its busiest time of year, a sharp ..

The US economy grew at an annual rate of 2.9 percent in the fourth quarter..

real gross domestic products Quarterly change at annual rate, adjusted for inflation real gross domestic product Quarterly change at annual rates, ..

Southwest Lost $220 Million Because of Its Holiday Meltdown..

Southwest Airlines lost $220 million in the final three months of last year because of a holiday meltdown that affected an estimated two million ..

Why The Times is resuming its emphasis on annualized figures for GDP..

When the pandemic first disrupted the US economy — and economic data — in 2020, The New York Times changed the way it reported certain government ..

Judge Orders Release of Video Showing Attack on Paul Pelosi..

SACRAMENTO — Footage of the attack on former US House Speaker Nancy Pelosi’s husband will be released to the public after a judge on Wednesday ..

IBM Announces 3,900 Job Cuts..

IBM joined the wave of layoffs by technology companies on Wednesday, saying it will shed 3,900 workers. The company described the cuts as mainly a ..

House Passes Bill to Study FAA Alert System Whose Outage Grounded Flights..

WASHINGTON — The House passed legislation on Wednesday that would create a task force to study a Federal Aviation Administration alert system that ..

Tesla’s Profit Jumped 12% in Fourth Quarter..

Tesla said Wednesday that profit in the fourth quarter of 2022 rose 12 percent from the previous quarter, above Wall Street expectations, capping a ..

California Voters to Decide on Regulating the Fast-Food Industry..

LOS ANGELES — A California law creating a council with broad authority to set wages and improve the working conditions of fast-food employees has been..

Laid Off in Your Living Room: The Chaos of Remote Job Cuts..

At some companies, people noted that their teammates were far more helpful than their employers after a layoff. Shortly after losing her job at an e-..

A Short Seller Takes Aim at an Indian Corporate Giant..

Elon Musk wraps up his testimony in a Tesla fraud trial. The billionaire testified on Tuesday that he hadn’t gotten specific numbers from ..

Microsoft Investigating ‘Networking Issue’ After Users Report Outages..

Microsoft said it was investigating an issue that caused its email and video conferencing tools to go down for thousands of users early Wednesday. The..

Climate Change May Usher in a New Era of Trade Wars..

WASHINGTON — Efforts to mitigate climate change are prompting countries across the world to embrace dramatically different policies toward industry ..

Natural Gas Shortages Hit China as Temperatures Plunge..

For many people across China, a shortage of natural gas and alarmingly cold temperatures are making a difficult winter unbearable. For Li Yongqiang, ..

Microsoft Revenue Up 2 Percent, But Profit Drops 12 Percent..

Microsoft on Tuesday reported its slowest growth in six years and cautioned that a broader slump will continue as both consumers and businesses put ..

Tesla Will Build Heavy Trucks at a New Factory in Nevada..

Tesla will build a factory in northern Nevada that will manufacture electric semi trucks, the company said Tuesday, putting pressure on traditional ..

NYSE Glitch Leads to Wild Swings in Share Prices..

The New York Stock Exchange on Tuesday had a glitch that led to wild price swings in over 80 stocks, including shares of large companies like Wells ..

Elon Musk Said Tesla Buyout Plan Didn’t Involve ‘a Specific Number’..

Under direct questioning by a federal judge on Tuesday, Elon Musk could not say exactly how much money investors were considering putting into his ..

Murdoch No Longer Wants to Combine His Media Empire..

Rupert Murdoch is no longer looking to combine the two parts of his media empire. News Corp, one of Mr. Murdoch’s media companies, said in a ..

Microsoft Revenue Up 2 Percent, But Profit Drops 12 Percent..

Faced with the economic swoon it had been telling investors to expect, Microsoft on Tuesday reported its slowest growth in six years, as both ..

The Washington Post Lays Off 20 Journalists..

The Washington Post laid off 20 people from its newsroom on Tuesday, according to a note sent to its staff. In the note, Sally Buzbee, the executive ..

US Accuses Google of Abusing Monopoly in Ad Technology..

The Justice Department and a group of states sued Google on Tuesday, accusing it of illegally abusing a monopoly over the technology that powers ..

A Dilemma for Governments: How to Pay for Million-Dollar Therapies..

While there are more than six million people worldwide with sickle cell, most of whom living in sub-Saharan Africa, the initial launches are expected ..

The Unknown Hedge Fund That Got $400 Million From Sam Bankman-Fried..

Not long before FTX collapsed in November, its founder, Sam Bankman-Fried, sent $400 million to an obscure cryptocurrency trading firm called Modulo ..

No open-house party. Influencers Just Want an Open Door..

Developers are teaming up with niche influencers who trade targeted posts for entry into luxury residential buildings..

FDA Outlines a Plan for Annual Covid Boosters..

Americans may be offered a single dose of a Covid vaccine each fall, much as they are given flu shots, the Food and Drug Administration announced on ..

Elon Musk Says Saudi Fund Wanted to Take Tesla Private..

Elon Musk testified on Monday in federal court that Saudi Arabia’s sovereign wealth fund had “unequivocally wanted to take Tesla private..

How M&M’s Found Itself in the Culture Wars..

M&M’s, the ubiquitous candy brand owned by Mars Wrigley, announced on Monday that it would take “an indefinite pause” from its..

For Tech Companies, Years of Easy Money Yield to Hard Times..

“High rates are painful for almost everyone, but they are particularly painful for Silicon Valley,” said Kairong Xiao, an associate professor of ..

For British Farmers, the Effects of Brexit Have Become Clearer..

BOSTON, England — For four decades, the prime agricultural land that Sarah Pettitt’s family rented near its home produced bumper crops of ..

The Corporate Cafeteria Is Broken. So How To Feed Workers..

The corporate cafeteria can be an especially lonely place these days. “You used to walk in at 12 o’clock on a Tuesday and stand in line to get ..

Kroger-Albertsons Merger Faces Long Road Before Approval..

For the private-equity giant Cerberus, which was co-founded by the billionaire Stephen Feinberg and oversees $60 billion in assets, getting into the ..

Microsoft Extends Multibillion-Dollar Deal With Creator of ChatGPT..

Microsoft has extended its partnership with OpenAI, announcing an additional “multiyear, multibillion-dollar” investment in the San ..

Inflation Is Cooling, Leaving America Asking: What Comes Next..

Martin Bate, a 31-year-old transportation planner in Fort Worth, spent the middle of 2022 feeling that he was “treading water” as high gas..

Spotify to Lay Off 6% of Its Workforce..

Spotify, the audio streaming platform, is laying off 6 percent of its work force, or about 600 employees, joining a growing list of big tech companies..

Activist Investors Are Circling Salesforce..

Elliott Management, the $55 billion hedge fund, has taken a big stake in the struggling tech giant, putting more pressure on its co-founder, Marc ..

As Tax Season Starts, a Beleaguered IRS Looks to Bolster Customer Service..

WASHINGTON — The Biden administration is aiming to significantly improve customer service at the Internal Revenue Service as the 2023 tax season ..

You Quit Your Job, but You’re Still Miserable. Now what..

Calling It Quits is a series about the current culture of quitting. About a year ago, Sam Palmer-Simon was working remotely for a legal services ..

Ginny Redington Dawes, Composer of Memorable Ad Jingles, Dies at 77..

She began her musical career as a singer, to glowing reviews. When she appeared in 1975 at the Coriander, a restaurant on Manhattan’s Upper East..

The Week in Business: The Debt Limit and Politics..

What’s up? (Jan. 15-21) The US Hits Its Debt Ceiling The United States hit its borrowing cap of $31.4 trillion on Thursday, setting the stage ..

IVF Offers Hope in China, Even to the Government..

It was a cold and overcast morning in November, but one full of promise for Guo Meiyan and her husband: They would finally get a chance to start a ..

How the US Government Amassed $31 Trillion in Debt..

WASHINGTON — America’s debt is now six times what it was at the start of the 21st century. It is the largest it has been, compared with the size..

Who wants to live forever..

Countries and companies are facing an aging crisis, and experts say policymakers and business leaders need to rethink how they deal with older workers..

The Young Founder Who Fooled JPMorgan, According to JPMorgan..

Charlie Javice promised to simplify the college financial aid process. It was a compelling pitch. Especially, as now seems likely, to those with ..

Their Children Are Their Retirement Plans..

“They have a bunch of expenses that don’t make sense to me, but if I say something about it, it’ll become my problem,” she said. “So..

Justice Department Investigating Troubled Infant Formula Plant..

The US Department of Justice has opened an investigation into operations at the Abbott Nutrition infant formula plant in Michigan that shut down over ..

Elon Musk Said His Social Media Posts Did Not Drive Tesla’s Stock Price..

On the witness stand, Glen Littleton, one of the investors and a plaintiff in the case, said on Wednesday that Mr. Musk’s first statement on ..

Vice, a Beleaguered Avatar of New Media, Hangs a ‘For Sale’ Sign..

Vice, which has struggled to achieve profitability in recent years, has formed a special committee to find suitors..

Top Law Firm Advising FTX on Bankruptcy Can Keep Its Job, Judge Says..

Mr. Bromley told Judge Dorsey that on Thursday Mr. Bankman-Fried had posted “two long and rambling tweets” attacking the law firm. Judge ..

In Their 20s, Struggling to Save and Tired of Being Lectured About It..

Shea German-Tanner tries to put a portion of her paycheck, even if it’s only $50, into her savings account. But most of the time, she has to ..

Tech Layoffs Shock Young Workers. The Older People? Not so much..

“This is a gift,” Mr. Pulliam said. “I don’t think that story is told. It’s always doom and gloom.” But for tech workers ..

What Happens Next in the D..

The United States hit a limit this week on how much money it can borrow, forcing the Treasury Department to initiate so-called extraordinary measures ..

Vox Media to Cut 7 Percent of Workers..

Vox Media, which owns brands like The Verge, SB Nation and New York Magazine, said on Friday that it would cut about 7 percent of its staff, joining a..

Savings Accounts for Disabled People Are Opened to More of Them..

Disabled Americans recently scored a victory when Congress approved an expansion of state-based accounts that let them work and save money without ..

Rate Increases Have a ‘Ways to Go,’ a Top Fed Official Says..

Other top economists and global central bankers have been voicing similar concerns about inflation’s potential staying power, including during ..

Google Parent Alphabet to Cut 12,000 Jobs..

Alphabet, the parent company of Google, said on Friday that it plans to cut 12,000 jobs, becoming the latest technology company to reduce its ..

Air Travel Debacles Put a Star of Biden’s Cabinet in the Hot Seat..

Even before the recent air travel woes, Mr. Buttigieg had faced calls to take a harder line with the nation’s airlines, which received tens of ..

The Death of Globalization? You Won’t Find It in New Orleans..

NEW ORLEANS — The pandemic-era collapse of supply chains spurred speculation that globalization was on the decline, as companies vowed to become less ..

Google Calls in Help From Larry Page and Sergey Brin for AI Fight..

Google’s Advanced Technology Review Council, a panel of executives that includes Jeff Dean, the company’s senior vice president of ..

The art of asking for an increase without causing discomfort..

Stu Smith still remembers sending the request. At that moment, he was the owner of a brand development company with 10 employees and called one of ..

Genesis, a Crypto Lending Firm, Files for Bankruptcy..

The cryptocurrency lender Genesis Global Holdco filed for bankruptcy late on Thursday, the latest crypto company to do so following the collapse of ..

Should You Quit Your Job..

If you are feeling burned out to the degree that it is affecting your physical or emotional well-being and harming your relationships, that’s ..

T-Mobile Says Hacker Got Data From 37 Million Customer Accounts..

T-Mobile said on Thursday that a hacker had collected data, including names, birth dates and phone numbers, from 37 million customer accounts, the ..

Crypto Lender Nexo Is Fined $45 Million As Crackdown Widens..

The cryptocurrency lending firm Nexo was fined $45 million for violating federal securities law, the Securities and Exchange Commission announced on ..

Amazon Axes ‘Smile’ Charity Program, Citing Limited Impact..

Amazon is shutting down an in-house charity that gave customers the opportunity to direct a small amount of their purchases to a wide range of ..

Netflix’s Reed Hastings Will Cede Co-Chief Executive Role..

Highlights for 2023 include a David Fincher thriller, “The Killer,” starring Michael Fassbender; Zack Snyder’s sci-fi epic “Rebel Moon&#..

As Fed Nears Next Rate Decision, Its Vice Chair Cites Reasons for Hope..

The Federal Reserve’s second-in-command offered a hopeful analysis of America’s inflation situation on Thursday, emphasizing that many of ..

Shift to Remote Work Puts Pressure on Chains Like Sweetgreen..

It’s a tough time for companies that cater to the needs of office workers. For some, like downtown lunch spots that rely on servicing white-..

Jeff Bezos Visits The Washington Post As Layoffs Loom..

The Washington Post has been battling declining ad revenue and stalled online subscription growth. The question hovering over it in recent months: ..