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United States Business News

Latest Business Updates from United States: Read Today's All Business News

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Gasoline Prices, a Source of Pain Last Year, Have Come Way Down

2023-05-26 10:34:12 UTC

Reasons include a stronger supply of oil and weaker-than-expected demand, energy experts say. Some people are saving hundreds of dollars on fuel.

The New York Times

JPMorgan Faces Reckoning for Long Ties With Jeffrey Epstein

2023-05-25 21:59:29 UTC

Two lawsuits claim that the nation’s largest bank ignored signs about Jeffrey Epstein’s sex trafficking because it was profiting from its relationship with him.

The New York Times

Reid Hoffman Is on a Mission: To Show A.I. Can Improve Humanity

2023-05-25 10:32:39 UTC

Few are as involved in so many different artificial intelligence efforts as Mr. Hoffman, a Silicon Valley investor who co-founded LinkedIn.

The New York Times

Default on U.S. Debt Risks ‘Permanently’ Denting Nation’s Credit Rating

2023-05-24 13:59:21 UTC

If the government misses an interest payment, even by a few hours, its creditworthiness will suffer, possibly for a long time.

The New York Times

BuzzFeed Tries to Ride the A.I. Wave. Who’s Hungry?

2023-05-23 17:25:45 UTC

Jonah Peretti, the company’s chief executive, has embraced artificial intelligence more than most publishers. His latest offering: Botatouille, an A.I.-powered kitchen assistant.

The New York Times

Emails, Chat Logs, Code and a Notebook: The Mountain of FTX Evidence

2023-05-23 14:04:13 UTC

Prosecutors investigating Sam Bankman-Fried, the cryptocurrency exchange’s founder, have accumulated more than six million pages of documents and other records.

The New York Times

With Ban on Micron, China Escalates Microchip Clash With U.S.

2023-05-22 13:57:02 UTC

A Chinese government block on Micron Technology’s memory chips marks how far apart the two economic powers are drifting on tech policy.

The New York Times

Even Flirting With U.S. Default Takes Economic Toll

2023-05-21 04:01:09 UTC

Financial markets are still betting that Congress and the White House will strike a deal. But the uncertainty alone is having consequences.

The New York Times

Why Is Inflation So Stubborn? Cars Are Part of the Answer.

2023-05-20 13:58:57 UTC

Prices of new and used vehicles were supposed to recede quickly as supply chain problems dissipated. The market had other ideas.

The New York Times

Amazon Is Everywhere. That’s What Makes It So Vulnerable.

2023-05-19 14:03:20 UTC

For years, the e-commerce giant could shield its vast archipelago of warehouses against disruptions from workers. Then it got even bigger.

The New York Times

Extremism Finds Fertile Ground in Chat Rooms for Gamers

2023-05-18 21:53:25 UTC

In the past year, about half the people who played online multiplayer games in the world’s major gaming markets encountered extremist statements, a new study found.

The New York Times

Extremism Finds Fertile Ground in Chat Rooms for Gamers

2023-05-18 17:18:13 UTC

In the past year, about half the people who played online multiplayer games in the world’s major gaming markets encountered extremist statements, a new study found.

The New York Times

In Battle Over A.I., Meta Decides to Give Away Its Crown Jewels

2023-05-18 13:56:25 UTC

The tech giant has publicly released its latest A.I. technology so people can build their own chatbots. Rivals like Google say that approach can be dangerous.

The New York Times

For Gen Z, Playing an Influencer on TikTok Comes Naturally

2023-05-17 10:37:17 UTC

There’s stuff to promote now. The followers can come later.

The New York Times

OpenAI’s Sam Altman Urges A.I. Regulation in Senate Hearing

2023-05-16 21:50:26 UTC

The tech executive and lawmakers agreed that new A.I. systems must be regulated. Just how that would happen is not yet clear.

The New York Times

E.U. Approves Microsoft’s $69 Billion Deal for Activision

2023-05-15 17:30:48 UTC

The green light follows objections to the blockbuster deal by American and British regulators on the grounds that it would undercut competition.

The New York Times

The Florida Man of Formula 1

2023-05-14 03:55:10 UTC

Logan Sargeant is F1’s first full-time American driver since 2007. Can his sport make the leap from Monte Carlo to Miami with its soul intact?

The New York Times

The Debt Ceiling Dispute Raises the Risks for ‘Risk-Free’ U.S. Bonds

2023-05-12 10:36:53 UTC

Short-term costs for insuring U.S. bonds are skyrocketing, and the long-term effects of repeated flirtations with debt default are already a burden, our columnist says.

The New York Times

CNN Chairman Defends Decision to Host Trump Town Hall

2023-05-11 20:08:52 UTC

“People woke up, and they know what the stakes are in this election in a way that they didn’t the day before,” Chris Licht said in a morning call at the network.

The New York Times

‘De-Americanize’: How China Is Remaking Its Chip Business

2023-05-11 13:26:59 UTC

Seven months after Washington unveiled tough curbs, Chinese companies are doubling down on homegrown supply chains and drawing billions in cash from Beijing and investors.

The New York Times

Donald Trump … on CNN? A Live Town Hall Reignites a Debate.

2023-05-10 22:06:39 UTC

Wednesday’s town hall has already proved divisive — and it could be an unsettling preview for the TV news industry as it prepares to cover a presidential contest that is likely to feature Mr. Trump.

The New York Times

The Slowdown in Inflation May Have Ended in April

2023-05-10 10:44:11 UTC

The annual gain in the Consumer Price Index is expected to have held steady at 5 percent last month. Even so, there could be good news hiding in the details.

The New York Times

Tucker Carlson, Still Under Contract at Fox, Says He Will Start Show on Twitter

2023-05-10 04:01:48 UTC

His claim, made on Twitter, suggested that his negotiations to reach an amicable separation with the network had broken down.

The New York Times

In Norway, the Electric Vehicle Future Has Already Arrived

2023-05-09 21:55:01 UTC

About 80 percent of new cars sold in Norway are battery-powered. As a result, the air is cleaner, the streets are quieter and the grid hasn’t collapsed. But problems with unreliable chargers persist.

The New York Times

‘It’s Going to Be a While’: No End in Sight for Hollywood Strike

2023-05-08 10:40:29 UTC

The writers and entertainment companies remain far apart on several key issues, including money, and the standoff could last for months.

The New York Times

Liz Holmes Wants You to Forget About Elizabeth

2023-05-07 17:17:55 UTC

The black turtlenecks are gone. So is the voice. As the convicted Theranos founder awaits prison, she has adopted a new persona: devoted mother.

The New York Times

Backup Power: A Growing Need, if You Can Afford It

2023-05-06 14:01:42 UTC

Extreme weather linked to climate change is causing more blackouts. But generators and batteries are still out of reach of many.

The New York Times

Job Market Is Expected to Show More Cooling in April

2023-05-05 10:34:58 UTC

Job postings have been receding quickly, and the rate at which workers quit their jobs is almost back down to where it stood in 2019.

The New York Times

Recession Fears Abound, but the Fed Chair Bets This Time Is Different

2023-05-04 22:00:45 UTC

Jerome H. Powell, the Federal Reserve chair, thinks his central bank can defy history to clinch slower inflation and a soft economic landing.

The New York Times

PacWest Says It’s Exploring Options After Shares Plunge

2023-05-04 14:03:38 UTC

An intensifying challenge for bankers and regulators is how to keep the turmoil in the stock market from spilling into the lenders’ day-to-day businesses.

The New York Times

Fed Makes 10th Rate Increase and Opens Door to Pause

2023-05-04 04:00:51 UTC

The Fed raised rates by a quarter point, bringing them above 5 percent for the first time in more than 15 years.

The New York Times

What to Watch at the Fed’s May Meeting

2023-05-03 10:36:04 UTC

Federal Reserve officials will release a rate decision at 2 p.m. The key question is what will come next.

The New York Times

Carlson’s Text That Alarmed Fox Leaders: ‘It’s Not How White Men Fight’

2023-05-03 03:56:36 UTC

The discovery of the text message contributed to a chain of events that ultimately led to Tucker Carlson’s firing.

The New York Times

Fed Will Decide Next Rate Move After Bank Jitters

2023-05-02 14:05:23 UTC

The Federal Reserve will release a policy decision on Wednesday on the heels of another bank collapse.

The New York Times

Hollywood Writers Go on Strike, Halting Production

2023-05-02 10:42:38 UTC

The dispute, which pits 11,500 television and screenwriters against the major studios, has shattered 15 years of labor peace in the entertainment business.

The New York Times

Late-Night Negotiating Frenzy Left First Republic in JPMorgan’s Control

2023-05-02 04:01:22 UTC

The resolution of First Republic Bank came after a frantic night of deal making by government officials and executives at the country’s biggest bank.

The New York Times

In an Unsteady Banking Industry, First Republic’s Problems Stood Out

2023-05-01 21:54:33 UTC

The bank’s rivals appear on firmer footing this time, in contrast with the widespread panic after the failures of Silicon Valley Bank and Signature Bank in March.

The New York Times

First Republic Bank Is Seized by Regulators and Sold to JPMorgan Chase

2023-05-01 17:19:38 UTC

As part of the deal, 84 First Republic branches in eight states reopened as JPMorgan branches on Monday.

The New York Times

Regulators Prepare to Seize and Sell First Republic

2023-05-01 03:55:34 UTC

JPMorgan and PNC are said to be interested in acquiring the troubled lender after it is seized by the Federal Deposit Insurance Corporation.

The New York Times
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