RSS Parrot

China’s Trade Surplus Reaches a Record of Nearly $1 Trillion

https://www.nytimes.com/2025/01/12/business/china-trade-surplus.html

Published: January 13, 2025 04:57

China’s vast exports in 2024 exceeded its imports on a scale seldom seen anywhere except during or immediately after the two world wars.

How Bucks County, Pa., Became a Celebrity Hot Spot

https://www.nytimes.com/2025/01/11/style/new-hope-pa-bucks-county.html

Published: January 12, 2025 13:07

First came the Hadids. Then Bradley Cooper. Now, with luxury inns going up, the area around New Hope, Pa., has become a rival to the Hamptons.

Inside Elon Musk’s Plan for DOGE to Slash Government Costs

https://www.nytimes.com/2025/01/12/us/politics/elon-musk-doge-government-trump.html

Published: January 12, 2025 10:01

Mr. Musk has turned to Silicon Valley to help recruit executives who will take up unofficial positions across the federal government.

Why Cities Are Getting Rid of Decades-Old Parking Rules

https://www.nytimes.com/2025/01/12/business/city-parking-rules.html

Published: January 12, 2025 10:00

Hundreds of cities have cut back parking requirements for real estate projects. That’s led to more housing development, but it has also resulted in backlash from residents.

Can Poshmark’s Tech Fixes Make Selling Secondhand Clothes Seamless?

https://www.nytimes.com/2025/01/12/business/poshmark-resale-naver.html

Published: January 12, 2025 10:00

The once high-flying platform for secondhand clothes was bought by a huge South Korean tech company. Can tech fixes make peer-to-peer selling seamless?

Bills and Lions Give NFL Fans in Canada Reason to Cheer

https://www.nytimes.com/2025/01/12/business/nfl-canada-fans-bills-lions.html

Published: January 12, 2025 08:00

With the Buffalo Bills and Detroit Lions both Super Bowl contenders, fans north of the border are nervously hopeful a title drought could end.

Scott Bessent, Trump’s Billionaire Treasury Pick, Will Shed Assets to Avoid Conflicts

https://www.nytimes.com/2025/01/11/business/scott-bessent-treasury-divest.html

Published: January 11, 2025 18:17

Financial disclosure forms show hundreds of millions of assets including property in the Bahamas and investments in Bitcoin and China’s currency.

Jeff Bezos’ Blue Origin Rocket Launch Could Give SpaceX Some Competition

https://www.nytimes.com/2025/01/11/science/blue-origin-jeff-bezos-new-glenn-launch.html

Published: January 11, 2025 12:00

If New Glenn lifts off overnight as planned, the Amazon founder’s rocket company will be on track to give Elon Musk’s SpaceX some genuine competition.

How Much Would Buying Greenland Cost?

https://www.nytimes.com/2025/01/11/business/how-much-would-buying-greenland-cost.html

Published: January 11, 2025 10:32

President-elect Donald Trump wants to buy the territory from Denmark, which says it’s not for sale. DealBook asked experts how they’d approach the deal.

As Delta Reports Profits, Airlines Are Optimistic About 2025

https://www.nytimes.com/2025/01/11/business/airlines-delta-profits.html

Published: January 11, 2025 10:01

The industry is enjoying a strong demand for tickets and rising profits, but it remains vulnerable to unexpected problems like a recession or a surge in inflation.

Trump and Republicans Cannot Stop Electric Vehicles, Experts Say

https://www.nytimes.com/2025/01/11/business/energy-environment/trump-republicans-electric-vehicles-automakers.html

Published: January 11, 2025 10:01

More car buyers are expected to eventually pick battery-powered cars and trucks as prices fall and technology improves, even if Biden-era incentives disappear.

Should You Consult H.R. About a Conflict With Your Manager?

https://www.nytimes.com/2025/01/11/business/manager-conflict-hr-work-advice.html

Published: January 11, 2025 10:01

Don’t count on human resources to take your side in a workplace issue, especially if it involves a conflict with your boss.

Bucks County, Pa., Is Now a Celebrity Hot Spot

https://www.nytimes.com/2025/01/11/style/how-sleepy-bucks-county-became-a-celebrity-hot-spot.html

Published: January 11, 2025 10:00

First came the Hadids. Then Bradley Cooper. Now, with luxury inns going up, the area around New Hope, Pa., has become a rival to the Hamptons.

He’s the N.F.L. Player. She Gets the Autograph Requests.

https://www.nytimes.com/2025/01/11/arts/allison-kucharczyk-isaac-rochell-nfl-tiktok.html

Published: January 11, 2025 10:00

By documenting the up-and-down lifestyle of a professional athlete’s wife, Allison Kucharczyk has surpassed the fame of her journeyman husband.

How a Driving Instructor to the Stars Spends Her Sundays

https://www.nytimes.com/2025/01/11/nyregion/shanti-gooljar-driving-school.html

Published: January 11, 2025 08:00

Shanti Gooljar grabs some coffee before eight hours of heart-racing driving lessons around New York City. She caps off her day by having dinner with her son.

James Arthur Ray, Self-Help Guide Whose Retreat Became Deadly, Dies at 67

https://www.nytimes.com/2025/01/10/us/james-arthur-ray-dead.html

Published: January 10, 2025 22:49

A rising star among New Age motivational speakers, he was brought down by a disaster during one of his retreats in Arizona, where three people died in a sweat lodge.

California Fires Lead to Prices Hikes on Some L.A. Rentals

https://www.nytimes.com/2025/01/10/business/california-fires-rent-price-gouging.html

Published: January 10, 2025 21:20

Despite a law against price gouging during a state of emergency, some rental listings have shot up above the allowable 10 percent overnight.

4 Takeaways From the Arguments Before the Supreme Court in the TikTok Case

https://www.nytimes.com/2025/01/10/us/politics/takeaways-tiktok-supreme-court.html

Published: January 10, 2025 19:52

The justices, who asked tough questions of both sides, showed skepticism toward arguments by lawyers for TikTok and its users.

In Los Angeles, Hotels Become a Refuge for Fire Evacuees

https://www.nytimes.com/2025/01/10/travel/los-angeles-fire-evacuees-hotels.html

Published: January 10, 2025 19:35

In lobbies throughout the city, guests with children, pets and hastily packed bags share a resigned intimacy.

Inside Mark Zuckerberg’s Sprint to Remake Meta for the Trump Era

https://www.nytimes.com/2025/01/10/technology/meta-mark-zuckerberg-trump.html

Published: January 10, 2025 19:26

After visiting President-elect Donald J. Trump in November, Mr. Zuckerberg decided to relax Meta’s speech policies. He asked a small team to carry out his goals within weeks. The repercussions are just beginning.

Trump Organization Issues Ethics Pledge for President-Elect’s Second Term

https://www.nytimes.com/2025/01/10/us/politics/trump-ethics-conflicts-of-interest.html

Published: January 10, 2025 19:25

The measures, which were immediately called insufficient by ethics lawyers, included appointing an outside lawyer and limiting Mr. Trump’s access to detailed financial information.

U.S. Employers Add 256,000 Jobs in December

https://www.nytimes.com/2025/01/10/business/economy/jobs-report-december.html

Published: January 10, 2025 19:11

A December gain of 256,000 blew past forecasts, and unemployment fell to 4.2 percent. But markets recoiled as interest rate cuts seemed more distant.

Can You Still Use TikTok if It’s Banned? What Users Should Know About the App.

https://www.nytimes.com/2025/01/10/technology/tiktok-ban-app-users.html

Published: January 10, 2025 18:37

The social media app is likely to disappear from the app stores of Google and Apple right away. But it’s unclear if users will completely lose access.

Venu, Sports Streaming Service From Disney, Fox and Warner Bros., Is Discontinued

https://www.nytimes.com/2025/01/10/business/venu-sports-streaming-service.html

Published: January 10, 2025 17:11

Venu Sports, a joint venture between Disney, Fox and Warner Bros., was announced to great fanfare last year but was discontinued before it ever became available.

Stocks and Bonds Fall After Strong Jobs Report Fuels Interest Rate Concerns

https://www.nytimes.com/2025/01/10/business/stocks-bonds-inflation-fed-jobs.html

Published: January 10, 2025 17:10

Stronger-than-expected data on the labor market has added to clues that the economy continues to run at a solid pace, amplifying fears about stubborn inflation.

Vince McMahon Settles With S.E.C. Over Failing to Disclose Confidential Payments to Women

https://www.nytimes.com/2025/01/10/business/vince-mcmahon-sec-settlement.html

Published: January 10, 2025 16:53

The former chief executive of World Wrestling Entertainment paid two women, one of whom accused him of assault.

Hoda Kotb Departs NBC’s ‘Today’ Amid Lots of Praise and Tears

https://www.nytimes.com/2025/01/10/business/media/hoda-kotb-today-nbc.html

Published: January 10, 2025 16:27

Special guests, including Simone Biles and Oprah Winfrey, offered tributes to the longtime host, capping off a week that “Today” had called a “Hoda-bration!”

U.S. Imposes New Sanctions to Squeeze Russia’s Energy Sector

https://www.nytimes.com/2025/01/10/us/politics/us-russia-sanctions.html

Published: January 10, 2025 16:10

The Biden administration is cracking down on the Russian “shadow fleet” and taking steps to curb oil and gas production.

Now on the College Course Menu: Personal Finance

https://www.nytimes.com/2025/01/10/business/personal-finance-college-course.html

Published: January 10, 2025 14:00

More universities and colleges nationwide are offering courses to teach students how to manage their own money.

Investing in Stocks and Bonds Will Be Trickier Under Trump

https://www.nytimes.com/2025/01/10/business/stocks-bonds-investing-trump.html

Published: January 10, 2025 14:00

Sizzling returns well may continue, but our columnist suggests that it would be wise to prepare for the next storm.

Constellation Energy to Buy Power Producer Calpine

https://www.nytimes.com/2025/01/10/business/energy-environment/constellation-energy-calpine.html

Published: January 10, 2025 12:57

Constellation Energy’s deal to buy Calpine is being driven by fast-rising demand for electricity by the technology industry.

L.A. Wildfires Lay Bare an Insurance Crisis

https://www.nytimes.com/2025/01/10/business/dealbook/la-wildfires-insurance-crisis.html

Published: January 10, 2025 12:43

Even before the latest blazes, California officials warned that an emergency state insurance fund was in trouble, while private insurers dropped coverage.

Live Updates: U.S. Job Growth Expected to Remain Solid

https://www.nytimes.com/live/2025/01/10/business/jobs-report-december-economy

Published: January 10, 2025 12:30

Top-level data shows a consistent pace of hiring, but other numbers point to weakening in the labor market, with fewer open positions and longer periods of unemployment for job seekers.

The Fed Is in No Rush to Cut Rates, Even if There Is a Weak Jobs Report

https://www.nytimes.com/2025/01/10/business/fed-rates-jobs.html

Published: January 10, 2025 11:28

Fed officials have signaled that it will take more than one weak report to convince them that the labor market is deteriorating.

Supreme Court to Hear Challenge to Law That Could Shut Down TikTok

https://www.nytimes.com/2025/01/10/us/politics/supreme-court-tiktok-ban-law.html

Published: January 10, 2025 10:03

The justices are expected to rule quickly in the case, which pits national security concerns about China against the First Amendment’s protection of free speech.

Economists Are in the Wilderness. Can They Find a Way Back to Influence?

https://www.nytimes.com/2025/01/10/business/economy/economists-politics-trump.html

Published: January 10, 2025 10:01

Economists have long helped to shape policy on issues like taxes and health care. But flawed forecasts and arcane language have cost them credibility.

How the Northern Lights and Digital Photography Have Boosted Astrotourism

https://www.nytimes.com/2025/01/10/travel/aurora-borealis-digital-cameras-astrotourism.html

Published: January 10, 2025 10:00

As astrotourism booms, the northern lights get a boost from digital photography.

Trump Chose 8 Economic Experts Who Will Defend Tariffs and Lower Taxes

https://www.nytimes.com/2025/01/10/business/economy/trump-economic-advisers-bessent.html

Published: January 10, 2025 10:00

President-elect Donald J. Trump has moved beyond the team-of-rivals approach from his first term and chosen economic aides who will defend tariffs and tax cuts.

China’s Central Bank Stops Buying Bonds as Deflation Fears Grip Economy

https://www.nytimes.com/2025/01/10/business/china-central-bank-bonds.html

Published: January 10, 2025 09:58

The unexpected action is intended to tamp down a potential bubble in the bond market fueled by investors shunning riskier assets like stocks and real estate.

R. Nicholas Burns, U.S. Ambassador, Says China Is Aligned With ‘Agents of Disorder’

https://www.nytimes.com/2025/01/10/business/nicholas-burns-ambassador-china.html

Published: January 10, 2025 05:13

R. Nicholas Burns, the top U.S. diplomat in Beijing, says the Biden administration is making a final push to urge China to reconsider its tilt toward Russia, Iran and North Korea.

How Outlets on the Left and Right Have Covered the Los Angeles Wildfires

https://www.nytimes.com/2025/01/09/business/media/los-angeles-wildfires-media-coverage.html

Published: January 10, 2025 00:41

Media outlets reported similarly on the destruction caused by the fires that raced through Southern California. But partisan publications attributed them to very different causes.

Fox Must Face Smartmatic’s $2.7 Billion Defamation Lawsuit, Court Rules

https://www.nytimes.com/2025/01/09/business/media/fox-smartmatic-lawsuit.html

Published: January 9, 2025 23:43

The complaint, which arose out of Fox News’s promotion of vote-rigging conspiracy theories after the 2020 U.S. presidential election, is on track to proceed to trial.

Why General Manager Is the Hottest Job Title in College Sports

https://www.nytimes.com/2025/01/09/business/college-sports-general-managers.html

Published: January 9, 2025 23:22

With players being paid and routinely changing schools, universities increasingly need someone besides a coach to put together a team.

Richard M. Cohen, News Producer Who Faced a Rare Challenge, Dies at 76

https://www.nytimes.com/2025/01/09/business/media/richard-m-cohen-dead.html

Published: January 9, 2025 22:52

When he was 25, he learned that he had multiple sclerosis. He coped with the disease throughout a long career at several networks.

Los Angeles Wildfires Will Make a Serious Housing Shortage Worse

https://www.nytimes.com/2025/01/09/business/la-fires-housing-shortage.html

Published: January 9, 2025 22:50

With so many people displaced and looking for rentals, the region’s housing options could grow even scarcer and more expensive.

Paul Oreffice, a Combative Chief of Dow Chemical, Dies at 97

https://www.nytimes.com/2025/01/09/business/paul-oreffice-dead.html

Published: January 9, 2025 21:28

He led the company as it flourished in the ’70s and ’80s while confronting veterans and environmentalists over its toxic products like Agent Orange and dioxin.

Enron Is Back. And It Wants to Sell You a Nuclear Reactor.

https://www.nytimes.com/2025/01/09/business/enron-egg-nuclear-reactor.html

Published: January 9, 2025 19:34

At least that’s what its new chief executive says, after buying the company’s trademark for a couple hundred bucks.

U.S. Steel Faces Stark Choices as Nippon Steel Merger Founders

https://www.nytimes.com/2025/01/09/business/ussteel-nippon-merger-future.html

Published: January 9, 2025 17:39

The onetime dynamo is fighting to revive a takeover by Nippon Steel. Other tie-ups could also face obstacles, and going it alone could force cutbacks.

30-Year Mortgage Rate Climbs to 6.93%, the Highest Since July

https://www.nytimes.com/2025/01/09/business/mortgage-rates-housing.html

Published: January 9, 2025 17:00

Borrowing costs have been rising for months, tracking yields on government bonds. The move threatens to push more buyers and sellers to the sidelines.

Park City Strike Ends With Increase in Wages for Ski Patrollers

https://www.nytimes.com/2025/01/09/travel/park-city-strike-union.html

Published: January 9, 2025 16:52

The nearly two-week strike hobbled the largest U.S. ski resort during a busy holiday period and sparked online fury about deepening economic inequality in rural mountain areas.

Can Low Unemployment Last Under Trump?

https://www.nytimes.com/2025/01/09/business/economy/trump-unemployment-economy.html

Published: January 9, 2025 15:59

Hiring has slowed, but joblessness remains at levels defying economic norms. Big policy changes under a new administration could test that resilience.

The Costs of the Los Angeles Fires

https://www.nytimes.com/2025/01/09/business/dealbook/los-angeles-fires-costs.html

Published: January 9, 2025 13:15

Damages are now estimated to reach up to $57 billion. The blazes add to a string of climate-related catastrophes hitting businesses and homeowners.

As Art Sales Fall, Christie’s and Sotheby’s Pivot to Luxury

https://www.nytimes.com/2025/01/09/arts/design/christies-sothebys-luxury-goods.html

Published: January 9, 2025 13:09

With both supply and demand for big-ticket art in a slump, Sotheby’s and Christie’s are making major bets on selling handbags, classic cars and niche experiences.

White House Ignites Firestorm With Rules Governing A.I.’s Global Spread

https://www.nytimes.com/2025/01/09/business/economy/biden-ai-chips-rules.html

Published: January 9, 2025 10:01

The tech industry is fighting new regulations, expected soon, that aim to keep the cutting-edge technology in the United States and allied countries.

TikTok Case Before Supreme Court Pits National Security Against Free Speech

https://www.nytimes.com/2025/01/09/us/politics/tiktok-supreme-court-national-security-free-speech.html

Published: January 9, 2025 10:01

The court, which hears arguments on Friday in a challenge to a law banning the app, has issued varying rulings when those two interests clashed.

TikTok Creators and Brands Are Bracing for a Potential Ban

https://www.nytimes.com/2025/01/09/business/tiktok-ban-creators-ads.html

Published: January 9, 2025 10:01

Billions in advertising flows through TikTok, which could be banned in the U.S. as soon as Jan. 19. Brands and creators are racing to prepare.

Banks Are Racking Up Wins Even Before Trump Is Back in White House

https://www.nytimes.com/2025/01/09/business/economy/trump-bank-oversight.html

Published: January 9, 2025 10:01

Lobbying by banks helped torpedo a major proposal, and a top regulator announced this week that he would step down from a leadership role.

Port Strike Averted With Labor Deal Days Before Deadline

https://www.nytimes.com/2025/01/08/business/port-strike-labor-deal.html

Published: January 9, 2025 00:07

Dockworkers and employers on the East and Gulf Coasts had until Jan. 15 to reach a new agreement that settled differences over automation.

SEIU Joins Forces With AFL-CIO Ahead of New Trump Era

https://www.nytimes.com/2025/01/08/business/economy/afl-cio-seiu-labor-union-alliance.html

Published: January 9, 2025 00:00

A marriage between the service employees union and the A.F.L.-C.I.O. could better equip organized labor to deal with a less-friendly administration.

Who Is Hussain Sajwani, the Developer Behind Trump’s $20 Billion Data Center Pledge?

https://www.nytimes.com/2025/01/08/business/trump-damac-data-centers.html

Published: January 8, 2025 21:47

Hussain Sajwani, the founder and chairman of DAMAC Properties of Dubai, built the first Trump-branded golf course in the Middle East a decade ago.

Rate-Cut Decision Was Narrow, Fed Minutes Show

https://www.nytimes.com/2025/01/08/business/fed-minutes-rate-cuts-inflation.html

Published: January 8, 2025 21:06

Stubborn inflation, and potential tariffs, make future rate cuts uncertain.

Saudi Arabia May Partner With UFC Owner TKO to Create Boxing League

https://www.nytimes.com/2025/01/08/business/tko-saudi-arabia-boxing-league.html

Published: January 8, 2025 20:21

A company owned by the country’s sovereign wealth fund is poised to team up with TKO, which owns Ultimate Fighting Championship, the kingdom’s latest foray into pro sports.

How Trump’s Greenland Plan Could Hit Ozempic, Legos and Hearing Aids

https://www.nytimes.com/2025/01/08/us/politics/trump-greenland-denmark-ozempic.html

Published: January 8, 2025 18:06

Putting tariffs on Denmark unless it cedes the island of Greenland could hurt access to a few key products, including popular medicines.

Port Labor Talks Hinge on Deal on Automation

https://www.nytimes.com/2025/01/08/business/economy/ports-longshoremen-contract-talks.html

Published: January 8, 2025 16:31

Cargo could stop flowing at East and Gulf Coast ports, which handle most imports, if a union and an employers’ group can’t agree on the use of machines that can operate without humans.

U.A.W. Seeks Union Election at Ford Battery Plant in Kentucky

https://www.nytimes.com/2025/01/08/business/ford-union-election-kentucky-factory.html

Published: January 8, 2025 15:38

The United Automobile Workers union asked a federal labor regulator to conduct an election at a factory Ford jointly owns with a South Korean battery company.

As Elon Musk Embraces the Far Right, Some of Its Leaders Reject Him

https://www.nytimes.com/2025/01/08/technology/elon-musk-far-right.html

Published: January 8, 2025 15:35

Mr. Musk has fallen out with prominent right-wing Americans who say they are worried that their agenda may be sidelined in favor of his own — and that he is willing to silence them on X.

Will Meta’s Plan to End Fact Checking Work Politically?

https://www.nytimes.com/2025/01/08/business/dealbook/mark-zuckerberg-content-moderation.html

Published: January 8, 2025 13:23

Meta’s plan to end its fact-checking program shows how business leaders are shifting their priorities to adapt to another Trump administration.

A Far-Right Government in Austria Would Be a Jolt, but Not Unexpected

https://www.nytimes.com/2025/01/08/world/europe/austria-far-right-freedom-party.html

Published: January 8, 2025 10:34

The Freedom Party and its leader, Herbert Kickl, have steadily built support by demonizing immigrants, while entering Austria’s political mainstream.

The Surgeon General’s Warnings About Alcohol Hit Restaurants at a Tricky Time

https://www.nytimes.com/2025/01/08/dining/drinks/restaurants-alcohol-surgeon-general-warning.html

Published: January 8, 2025 10:01

The surgeon general’s call to arms about the link between drinking and cancer could strike at a fiscal lifeline for restaurateurs facing falling sales.

Tax Cuts or the Border? Republicans Wrestle Over Trump’s Priorities.

https://www.nytimes.com/2025/01/08/us/politics/tax-cuts-immigration-republicans-trump.html

Published: January 8, 2025 10:01

President-elect Donald J. Trump has waffled on his preferences for how his party tackles his agenda, adding to the uncertainty for Republicans.

A ‘Business-Friendly’ Lawyer’s Rise From Lobbyist to Attorney General Pick

https://www.nytimes.com/2025/01/08/us/politics/pam-bondi-trump-attorney-general-lobbyist.html

Published: January 8, 2025 10:00

Pam Bondi, whom President-elect Donald J. Trump intends to nominate as attorney general, received trips and donations funded by those seeking favors from her Florida office.

Bitcoin Is Luring More Companies and Their Cash

https://www.nytimes.com/2025/01/08/business/bitcoin-crypto-company-treasury.html

Published: January 8, 2025 10:00

It is a sharp pivot away from the cautious approach of the traditional corporate treasury, normally charged with safeguarding cash rather than chasing higher returns.

Former MoviePass Executive Pleads Guilty to Fraud Over ‘Unlimited’ Plan

https://www.nytimes.com/2025/01/07/business/moviepass-ceo-fraud-guilty.html

Published: January 8, 2025 03:32

Prosecutors said that Theodore Farnsworth, who ran the parent company of MoviePass, had misled investors about its popular subscription plan.

Meta Drops Rules Protecting LGBTQ Community as Part of Content Moderation Overhaul

https://www.nytimes.com/2025/01/07/business/meta-lgbtq-hate-speech.html

Published: January 7, 2025 21:38

The changes included allowing users to share “allegations of mental illness or abnormality when based on gender or sexual orientation.”

Meta to End Fact-Checking Program in Shift Ahead of Trump Term

https://www.nytimes.com/live/2025/01/07/business/meta-fact-checking

Published: January 7, 2025 21:34

The social networking giant will stop using third-party fact-checkers on Facebook, Threads and Instagram and instead rely on users to add notes to posts. It is likely to please President-elect Trump and his allies.

Trump and Family Blur Lines in Deals on Cusp of His Presidency

https://www.nytimes.com/2025/01/07/us/politics/trump-hussain-sajwani-damac-crypto-deals.html

Published: January 7, 2025 21:25

Even before the start of the new administration, there has been repeated blurring of lines between the federal government efforts and Trump family businesses.

Mark Zuckerberg’s Political Evolution, From Apologies to No More Apologies

https://www.nytimes.com/2025/01/07/business/mark-zuckerberg-meta-free-speech.html

Published: January 7, 2025 21:10

Meta’s chief executive has stepped away from his mea culpa approach to issues on his platforms and has told people that he wants to return to his original thinking on free speech.

As Trump Praises Meta Decision, Tech Watchdogs Warn of Surge in Disinformation

https://www.nytimes.com/2025/01/07/business/trump-meta-disinformation.html

Published: January 7, 2025 20:46

While Republicans praised the move, some groups cautioned that effectively ending Meta’s fact-checking program would also lead to more conspiracy theories.

Mark Zuckerberg Says Meta Fact-Checkers Were the Problem. Fact-Checkers Rule That False.

https://www.nytimes.com/2025/01/07/business/mark-zuckerberg-meta-fact-check.html

Published: January 7, 2025 19:47

Fact-checking groups that worked with Meta said they had no role in deciding what the company did with the content that was fact-checked.

Who Is Joel Kaplan, Meta’s New Global Policy Chief?

https://www.nytimes.com/2025/01/07/business/joel-kaplan-meta.html

Published: January 7, 2025 16:44

The longtime Republican lobbyist for Meta was named to the company’s top policy role last week.

Meta Turns to Community Notes, Mirroring X

https://www.nytimes.com/2025/01/07/business/meta-community-notes-x.html

Published: January 7, 2025 16:40

Social media companies are abandoning years of fact-checking practices as Republicans criticize it as censorship.

Behind Disney’s Deal to Merge Hulu + Live TV and Fubo

https://www.nytimes.com/2025/01/07/business/dealbook/disney-fubo-hulu-streaming.html

Published: January 7, 2025 16:17

The agreement ends litigation between the two companies over plans for a sports streaming service, but consumer advocates are pushing back.

Golden Globes Ratings Decline Slightly to 9.3 Million Viewers

https://www.nytimes.com/2025/01/07/business/media/golden-globes-ratings.html

Published: January 7, 2025 16:01

The show on Sunday averaged 9.3 million viewers, down from 9.4 million the year before.

Washington Post Lays Off 4 Percent of Its Work Force

https://www.nytimes.com/2025/01/07/business/media/washington-post-layoffs.html

Published: January 7, 2025 15:23

The layoffs will affect employees across The Post’s business operations, not its newsroom.

Exxon Sues California Official, Claiming He Defamed the Company

https://www.nytimes.com/2025/01/07/climate/exxon-bonta-california-defamation-lawsuit.html

Published: January 7, 2025 14:59

The lawsuit, an unusual strategy for the oil giant, comes after California’s attorney general sued Exxon last year alleging it misled the public about plastics recycling.

How a Businessman Fleeing Fraud Charges Built a Life Offshore

https://www.nytimes.com/2025/01/07/business/samuele-landi-offshore-seastead.html

Published: January 7, 2025 14:00

Fleeing fraud charges, Samuele Landi evaded extradition treaties, dabbled in crypto, procured diplomatic credentials and took advantage of all the offshore world has to offer.

Meta to End Fact-Checking Program in Shift Ahead of Trump Term

https://www.nytimes.com/2025/01/07/business/meta-fact-checking-conservative-views.html

Published: January 7, 2025 13:43

The social networking giant will stop using third-party fact checkers and instead rely on users to add notes to posts. It is likely to please President-elect Trump and his conservative allies.

Nvidia Bets Big on Robots and More

https://www.nytimes.com/2025/01/07/business/dealbook/nvidia-ai-robots.html

Published: January 7, 2025 12:56

The chipmaker, which has led a rally in artificial intelligence stocks, laid out a vision for dominating so-called physical A.I. Investors appeared impressed.

Taiwan Suspects a Chinese-Linked Ship of Damaging an Internet Cable

https://www.nytimes.com/2025/01/07/world/asia/taiwan-internet-cable-china.html

Published: January 7, 2025 06:11

The Taiwanese Coast Guard said seven Chinese nationals were aboard a ship suspected of causing the damage.

U.S. Adds Tencent to Chinese Military Companies Blacklist

https://www.nytimes.com/2025/01/06/business/us-chinese-military-companies-tencent-catl.html

Published: January 7, 2025 04:02

Tencent’s shares plunged nearly 10 percent after it was designated a military company. The Chinese battery manufacturer CATL was also added to the list.

Journalists at The Athletic Move to Join New York Times Union

https://www.nytimes.com/2025/01/06/business/media/the-athletic-new-york-times-union.html

Published: January 6, 2025 19:19

The NewsGuild of New York asked The Times to voluntarily recognize journalists from the sports news website as part of the newsroom’s union.

C.F.P.B Sues Unit of Warren Buffett’s Berkshire Hathaway Over Risky Mortgages

https://www.nytimes.com/2025/01/06/business/berkshire-hathaway-buffett-mortgages.html

Published: January 6, 2025 17:57

A federal consumer bureau claims Vanderbilt Mortgage, owned by Berkshire Hathaway, made loans to buyers of manufactured homes it knew could not repay them.

Fed’s Vice Chair to Step Down From Role as Top Bank Supervisor

https://www.nytimes.com/2025/01/06/business/economy/fed-barr-vice-chair.html

Published: January 6, 2025 16:35

Michael Barr oversaw an attempt to rewrite financial regulations that came under attack from a wide range of groups, including banks, lawmakers and even some of his colleagues.

Golden Globes Stars Avoided Politics

https://www.nytimes.com/2025/01/06/business/media/golden-globes-politics.html

Published: January 6, 2025 14:03

Sunday’s show was Hollywood’s first megaphone since Donald Trump was elected to a second term. This time, there was barely a peep about it.

The Next Chapter in the Amazon-Trump Reset

https://www.nytimes.com/2025/01/06/business/dealbook/bezos-trump-amazon-melania.html

Published: January 6, 2025 13:14

The tech company’s deal to release a film on Melania Trump has renewed scrutiny of Jeff Bezos’s efforts to get closer to the president-elect.

U.S. Steel and Nippon Sue Biden Over Decision to Block Deal

https://www.nytimes.com/2025/01/06/business/us-steel-nippon-lawsuit.html

Published: January 6, 2025 12:28

The companies argue in a lawsuit that the process of reviewing the transaction was corrupted by politics.

Paxlovid Improved Long Covid Symptoms in Some Patients, Researchers Report

https://www.nytimes.com/2025/01/06/health/paxlovid-long-covid.html

Published: January 6, 2025 10:01

But the report, on the experiences of 13 patients, found that the drug had no benefit for some people and that some who benefited said the improvement didn’t last.

Long Before Jeju Air Crash, South Korea Rose to Be a Model of Safety

https://www.nytimes.com/2025/01/06/business/jejuair-crash-south-korea-safety.html

Published: January 6, 2025 05:00

After overcoming pariah status at the end of the last century, South Korea must learn what caused the catastrophe on Dec. 29 and what lessons to draw from it.

Amazon Prime Will Release a Melania Trump Documentary

https://www.nytimes.com/2025/01/05/business/media/amazon-melania-trump-documentary.html

Published: January 6, 2025 00:29

The film, billed by the company as a “behind-the-scenes” look at her life, started shooting in December and is slated for theatrical and streaming release later this year.

What Do Movie Producers Do, Anyway?

https://www.nytimes.com/2025/01/05/movies/what-do-movie-producers-do.html

Published: January 5, 2025 10:00

And why do they get the trophy for best picture at the Oscars?