Category: Business

“Making It Work” is a series is about small-business owners striving to endure hard times. When Karen Schiro, a real estate agent in Fairfax Station, Va., realized last year that she was suffering from burnout, she reached out to a burnout coach, Ellyn Schinke, based in Tacoma, Wash. “I knew that I was burned out…

Boeing’s announcement on Sunday that it had agreed to plead guilty to a federal criminal charge as part of a deal with the Justice Department was the culmination of a yearslong crisis involving the company’s 737 Max plane. The agreement may help Boeing put to rest a federal case stemming from two fatal crashes of…

Wall Street’s game theory As more leading Democrats say privately that President Biden should withdraw from the presidential race, some of the party’s most prominent backers on Wall Street spent the holiday weekend debating what to do next. The group — including Larry Fink of BlackRock; Robert Rubin, the former Treasury secretary; Jon Gray of…

David Ellison’s Hollywood career has been defined by high-octane blockbusters filled with suspense, stunts and improbable plot twists. But on Sunday he landed his biggest cliffhanger yet, striking a deal to merge with Paramount after months of negotiations with the company and its controlling shareholder, Shari Redstone. If the deal closes, he will be in…

For Caroline Li and Colin Wang, moving in together after dating for eight months was a matter of serendipity and urgency. Last fall, Mr. Wang, 28, was completing his final year of medical school at the University of California, Los Angeles, when he learned that the two-bedroom apartment he shared with one roommate had a…

A strike by the staff of the nation’s largest teachers’ union has prompted President Biden to cancel a speech on Sunday in Philadelphia, where he was scheduled to address thousands of delegates to the union’s annual convention. The staff union of the National Education Association began its strike on Friday, citing management’s revocation of holiday…

Gliding on robotic haulers, a line of Ferrari frames maneuvers through a gleaming new factory in Northern Italy. At each station, engineers in cherry red uniforms add a component — an engine block, a dashboard, a steering wheel — as they transform the bodies into hybrid vehicles. Up next: fully electric. A lot is riding…

Like a globe-spanning tornado that touches down with little predictability, deep economic anxieties are leaving a trail of political turmoil and violence across poor and rich countries alike. In Kenya, a nation buckling under debt, protests over a proposed tax increase last week resulted in dozens of deaths, abductions of demonstrators and a partly scorched…

Between abandoned coal mines and an engine plant scheduled for closure, a gleaming new factory hovers like a phoenix over Billy-Berclau, a small industrial town in northern France. Inside, 700 newly hired workers are making next-generation electric vehicle batteries for the Automotive Cells Company — part of a grand project to revive the wider region’s…

Sitting near a window inside Boston’s Four Seasons Hotel, overlooking a duck pond in the city’s Public Garden, Ray Kurzweil held up a sheet of paper showing the steady growth in the amount of raw computer power that a dollar could buy over the last 85 years. A neon-green line rose steadily across the page,…

The European Union took the next step on Thursday toward collecting new tariffs on Chinese electric cars, telling automakers to obtain guarantees from banks that they would be able to pay the taxes set to be made final in October. The move was expected. The bloc had said on June 12 that it would impose…

In a move that would further consolidate the luxury retail market, the parent company of Saks Fifth Avenue has agreed to acquire Neiman Marcus in a $2.65 billion deal, creating the ultimate high-end department store behemoth, two people close to the negotiations said on Wednesday. The deal, which had been rumored since Neiman Marcus filed…

Plan B talks get louder The Biden campaign’s attempts to soothe panicked Democrats and donors after the president’s calamitous debate appear to have cratered. One Democratic lawmaker has openly called on President Biden to withdraw from the race, while others are sharply criticizing his campaign’s response. Polls show his approval ratings are falling. And many…

Just weeks after Paramount’s controlling shareholder and Skydance abruptly ended merger talks, the two sides have reached a preliminary deal to create a new Hollywood giant, four people familiar with the negotiations said Tuesday. The agreement will still have to be approved by a special committee of Paramount’s board of directors, said the people, who…

Political reality is setting in President Biden’s campaign just announced that it raised $127 million in June, the best month yet for this cycle. It’s the latest effort by the president’s camp to allay Democratic fears about his ability to win, following last week’s debate debacle. But donors remain wary, even after a call with…

The Supreme Court on Monday gave companies more time to challenge many regulations, ruling that a six-year statute of limitations for filing lawsuits begins when a regulation first affects a company rather than when it is first issued. The ruling in the case — the latest in a series of challenges to administrative power this…

Hotshot Wall Street lawyers are now so in demand that bidding wars between firms for their services can resemble the frenzy among teams to sign star athletes. Eight-figure pay packages — rare a decade ago — are increasingly common for corporate lawyers at the top of their game, and many of these new heavy hitters…

The 2021 settlement angered the crash victims’ families, who have long argued that Boeing and its executives should face greater consequences, including a public trial. Many of those families have reached civil settlements with the company, though a handful are pursuing civil damage trials that are scheduled to begin late this year. In 2022, a…

“Inside Out 2,” starring a personified Anxiety, continued to resonate with moviegoers as the No. 1 film in North America for a third weekend. The dread-infused prequel “A Quiet Place: Day One” also struck a cultural nerve, arriving to stronger-than-expected ticket sales. But ticket buyers largely rebuffed Kevin Costner’s three-hour vanity project, “Horizon: An American…

A patient walks into a hospital room, sits down and starts talking to a doctor. Only in this case, the doctor is a hologram. It might sound like science fiction, but it is the reality for some patients at Crescent Regional Hospital in Lancaster, Texas. In May, the hospital group began offering patients the ability…

Hoffman encouraged his contacts to consider how Trump’s supporters reacted when he was convicted of 34 felonies: “They ruthlessly and immediately closed ranks, because they understand that at this stage of the race, they must spend every minute and dime either boosting their old man, or tearing down ours. If we’re musing on Biden’s flaws,…

Two NASA astronauts who traveled at the start of June to the International Space Station were originally scheduled to return home a couple of weeks ago, completing a test flight of Boeing’s Starliner spacecraft. Instead, the astronauts, Butch Wilmore and Suni Williams, will remain on the station for several weeks longer as NASA and Boeing…

A Japanese pharmaceutical company is investigating 80 deaths possibly linked to a yeast-containing supplement it sells in Japan, the country’s health ministry said Friday, in a shocking increase from an earlier revelation that is focusing attention on how supplements are regulated. The company, Kobayashi Pharmaceutical, in March had reported five deaths potentially linked to its…

The N.F.L. must pay almost $5 billion in damages for artificially inflating the price of Sunday Ticket, a subscription service offered by DirecTV that showed out-of-market games, a federal jury in Los Angeles decided on Thursday. The verdict, which capped a monthlong class-action trial and almost a decade of legal wrangling, includes about $96 million…

Talking points All eyes will be on CNN at 9 p.m. Eastern, when President Biden and Donald Trump face off in their first debate since 2020. Among the keenest watchers will be executives and investors looking for signs about how the candidates might handle the economy and business in a second term. There will be…

Are you curious about electric vehicles but not ready to buy one? Renting one can help you see what it’s like — and some car rental companies are offering discounts. But having a smooth electric vehicle experience, especially if you rent for vacation, requires a fair amount of planning because fast-charging stations, while more available…

Quiet in the C-suite Three years ago, corporate leaders openly spoke out against Donald Trump over his role in the Jan. 6, 2021, Capitol attack. But as the former president leads in many polls this time around, most in the C-suite are staying quiet. In 2021, C.E.O.s including Mary Barra of General Motors and Doug…

Volkswagen, the German automaker, said on Tuesday that it would invest up to $5 billion in Rivian, a maker of electric trucks that has struggled to turn a profit, and that the companies would cooperate on software for electric vehicles. The deal creates an unusual alliance between the world’s second-largest carmaker and an electric vehicle…

Nvidia’s fall to earth It looks like another volatile day for Nvidia shareholders. And given the company’s enormous influence on the entire S&P 500, they may not be the only investors facing big swings. A head-snapping recap: The chip maker that rode the artificial intelligence boom to become the world’s most valuable public company last…

High-end gyms are no longer just places to sweat it out. The most exclusive ones offer not only state-of-the-art equipment, exercise classes and spacious locker rooms with cold eucalyptus-scented towels and fancy soaps but also “third places,” locations outside home and work where people can mingle and socialize. That means gyms are now also recreational…

The E.U. bites into Apple Apple’s feud with global regulators escalated after the European Union on Monday charged the iPhone maker with stifling competition on its App Store, a breach that carries potentially big penalties and could upend a hugely profitable area of the tech giant’s business. The $3 trillion company is the first to…

Anthony J.F. O’Reilly, a charming, high-flying, Irish-born former chairman of the H.J. Heinz Company, who also owned newspapers, luxury brands and trophy homes in France and the Bahamas, only to lose nearly everything in his eighth decade, died on May 18 in Dublin. He was 88. The Irish Times and other Irish newspapers, citing a…

Consumer sentiment about the state of the economy could be pivotal in shaping the 2024 presidential election. President Biden is still grappling with how to address one of his biggest weaknesses: inflation, which has recently cooled but soared in his first years in office. Former President Donald J. Trump’s frequent economic boasts are undermined by…

When the media titans Brian Roberts, John Malone and Barry Diller cast off in early February on Mr. Diller’s 156-foot, two-masted yacht, named Arriva, the waters off the coast of Jupiter, Fla., were placid. The same could not be said for their sprawling entertainment businesses. The three men meet occasionally to discuss the state of…

Times Insider explains who we are and what we do and delivers behind-the-scenes insights into how our journalism comes together. Some writers aim to develop one area of expertise over the course of their careers. Anna Holmes has done the opposite, following her curiosity wherever it leads: politics, relationships, sex, women and gender issues, race,…

The Justice Department is considering allowing Boeing to avoid criminal prosecution for violating the terms of a 2021 settlement related to problems with the company’s 737 Max 8 model that led to two deadly plane crashes in 2018 and 2019, according to people familiar with the discussions. The department is expected to make a decision…

It’s not just Taylor Swift fans keeping a close eye on her Eras Tour dates. One of Europe’s most prominent economists is acutely aware that the singer is spending the summer jetting between Europe’s stadiums. Philip Lane, the chief economist at the European Central Bank, had the pop star on his mind when he spoke…

Musk’s mission to Cannes As advertising moguls traveled to southern France this week for the Cannes Lions festival — an annual rosé-filled celebration of their industry — the biggest guest was someone who had crudely told many of them to get lost. Elon Musk and his top lieutenant, Linda Yaccarino, were on hand to persuade…

The European Union has agreed to a new raft of economic sanctions against Russian individuals and companies, the Belgian government said on Thursday. Notably, they include measures aimed at squeezing Russia’s profits from the sale of liquefied natural gas to E.U. members. Most E.U. countries stopped importing natural gas that arrived by pipeline from Russia…

Times Insider explains who we are and what we do and delivers behind-the-scenes insights into how our journalism comes together. I suppose I qualify as a Disney Adult, the pejorative term for grown-ups who visit Disney theme parks without children in tow. Disney has 12 theme parks and two water parks around the world, and…

Investor support for Toyota Motor’s longtime leader, Akio Toyoda, sank to its lowest level since he took the helm as shareholders challenged the extent of control he exerts over the company. According to a filing released on Wednesday, 71.9 percent of shareholders supported renominating Mr. Toyoda as chairman of Toyota’s board. That met the threshold…

The Nashville Area Chamber of Commerce has convened an annual meeting of local business leaders since the 1800s, but the most recent gathering had a decidedly modern theme: artificial intelligence. The goal was to demystify the technology for the chamber’s roughly 2,000 members, especially its small businesses. “My sense is not that people are wary,”…

A Houston bankruptcy judge on Friday ordered the personal assets of the Infowars conspiracy theorist Alex Jones to be liquidated and sold, with the proceeds distributed among the Sandy Hook families. But the judge spared him from having to liquidate his Infowars business empire. The ruling will allow Mr. Jones to continue broadcasting on Infowars,…

Tesla shareholders decisively backed proposals to affirm Elon Musk’s multibillion-dollar pay package, according to details of the vote released on Friday. Passage of the proposals was announced at Tesla’s annual shareholder meeting on Thursday, without the underlying totals. In the end, about 72 percent of voting shares backed the pay package, excluding stock owned by…

A top executive at Tyson Foods who is a fourth-generation member of the Tyson family business was suspended on Thursday after he was charged with driving while intoxicated, the company said in a statement. John Randal Tyson, 34, the company’s chief financial officer and a great-grandson of Tyson’s founder, was arrested in Fayetteville, Ark., by…

The markets and Fed diverge again The bull market rally is continuing to run on Thursday. The S&P 500 is poised to set yet another record, as investors see inflation in retreat — even if Fed policymakers don’t quite see it that way. The gulf between investors and the central bank is widening again. After…

Sony Pictures Entertainment is acquiring Alamo Drafthouse Cinema and will manage the theater chain’s 35 cinemas, marking the first time in more than half a century that a traditional Hollywood studio has gotten into the theater business. The deal, announced Wednesday, was made possible by the Justice Department’s decision in 2020 to rescind the so-called…

Why Redstone backed out For months, Skydance Media’s effort to merge with Paramount — the studio behind “Mission: Impossible” and “Top Gun” — was the most-discussed M.&A. matter on Wall Street and in Hollywood. Now it has fallen apart. What happened? The simple answer: Shari Redstone, who controls Paramount through the holding company National Amusements,…

A jury in South Florida has ruled that Chiquita Brands is liable for eight killings carried out by a right-wing paramilitary group that the company helped finance in a fertile banana-growing region of Colombia during the country’s decades-long internal conflict. The jury on Monday ordered the multinational banana producer to pay $38.3 million to 16…

You may not know exactly what “slop” means in relation to artificial intelligence. But on some level you probably do. Slop, at least in the fast-moving world of online message boards, is a broad term that has developed some traction in reference to shoddy or unwanted A.I. content in social media, art, books and, increasingly,…

Nearly two years after OpenAI ignited a race to add generative artificial intelligence into products, Apple jumped into the competition on Monday, as it revealed plans to bring the technology to more than a billion iPhone users around the world. During a two-hour presentation from its futuristic Silicon Valley campus, Apple said that it would…

Apple tries to close the A.I. gap Heading into Apple’s Worldwide Developers Conference on Monday, big questions are hanging over the tech giant, from muted sales for its Vision Pro headset to growing competition in China and regulatory scrutiny on both sides of the Atlantic. Those aren’t going away, but the focus at the event…

Dear Tripped Up, Last October, my extended family spent a week in Todos Santos, in Mexico’s Baja California peninsula, for a wedding. All went well, but when I got back, I noticed an unusual charge on my credit card: $1,500.49, made on the day we flew home to the United States from San José del…

A landslide in the Teton mountains destroyed part of a highway that links Idaho to Jackson, Wyo., forcing the authorities to close the road indefinitely on Saturday just as the area was entering its summer tourism season. No one was injured when a section of the Teton Pass “catastrophically failed,” the Wyoming Department of Transportation…

Summer at the Spa — a ritual nearly 200 years strong — started early in Saratoga Springs, N.Y., with the third leg of the Triple Crown, the Belmont Stakes, being held on Saturday for the first time at Saratoga Race Course, a revered relic where the elite and otherwise mingle, but the horses rule. Broadway,…

The news business is in upheaval. A presidential election is barreling down the pike. Facing financial challenges and political division, several of America’s largest news organizations have turned over the reins to editors who prize relentless reporting on a budget. And they all happen to be British. Will Lewis, a veteran of London’s Daily Telegraph…

Around lunchtime Friday, on a YouTube livestream watched by half a million people, a bandanna-clad man in white sunglasses grinned into his webcam and teased: “I’m about to show it.” Oh, stop it. He meant his brokerage account. Keith Gill, the man better known as Roaring Kitty, who became one of Wall Street’s unlikeliest celebrities…

There were glitches with its propulsion system, but Boeing’s Starliner spacecraft and the two NASA astronauts it carried successfully docked at the International Space Station on Thursday afternoon. The docking, at 1:34 p.m. Eastern time, was more than an hour later than planned, after the troubleshooting of several malfunctioning thrusters. Starliner’s arrival came one day…

Last year, my colleague Tara Siegel Bernard and I wrote a series of articles about banks that shut down the checking accounts of scores of everyday citizens and small businesses. There was often no clear reason, explanation or recourse. JPMorgan Chase seemed to have done a lot of this in recent years. Customers would get…

The Food and Drug Administration is weighing whether to approve the use of MDMA, also known as Ecstasy, for treatment of post-traumatic stress disorder. But the agency’s independent advisory panel of experts reviewed studies on June 4, and overwhelmingly decided against endorsing the treatment. Although not required, the F.D.A. often follows the recommendations of its…

An independent advisory panel of the Food and Drug Administration rejected the use of MDMA-assisted therapy for post-traumatic stress disorder on Tuesday, highlighting the unparalleled regulatory challenges of a novel therapy using the drug commonly known as Ecstasy. Before the vote, members of the panel raised concerns about the designs of the two studies submitted…

Ron Edmonds, a photographer for The Associated Press who won a Pulitzer Prize for a dramatic series of pictures of the attempted assassination of President Ronald Reagan and the takedown of the gunman outside a Washington hotel in 1981, died on Fridayin Falls Church, Va. He was 77. His wife, Grace Feliciano Edmonds, said he…

A new tourist fee in Bali. Higher hotel taxes in Amsterdam and Paris. Stricter rules on public drinking in Milan and Majorca. Ahead of the summer travel season, leaders in many tourist spots have adopted measures to tame the tourist crowds — or at least earn more revenue from them. All of this may pose…

On the eve of the closing day of a federal fraud trial in Minneapolis, a woman drove up in a Mazda to a juror’s home holding a Hallmark gift bag emblazoned with butterflies and flowers. Inside were wads of $100, $50 and $20 bills totaling roughly $120,000. The juror in the case, in which defendants…

Toyota Motor, Honda Motor and other top Japanese automakers said on Monday that internal investigations found they had mishandled vehicle testing on dozens of models over the past decade. Toyota said it failed to gather proper data when doing pedestrian and occupant safety tests for three models, including its popular Yaris Cross sports-utility vehicle. Honda…

When officials from major oil-producing countries met on Sunday, they had a tricky task before them: To reassure shaky markets that they would continue to restrain oil supplies. The group known as OPEC Plus, which is led by Saudi Arabia and includes Russia, also wanted to offer some hope to discontented producers like the United…

WHEN WOMEN RAN FIFTH AVENUE: Glamour and Power at the Dawn of American Fashion, by Julie Satow In 1980, Donald J. Trump made the front page of The New York Times after assaulting a pair of scantily clad women at a Fifth Avenue department store. That the women were made of stone and were attached…

The Food and Drug Administration on Friday raised concerns about the health effects of MDMA as a treatment for post-traumatic stress disorder, citing flaws in a company’s studies that could pose major obstacles to approval of a treatment anticipated to help people struggling with the condition. The agency said that bias had seeped into the…

Arnaud Gaudillat, a history teacher in France, recalled bursting into tears as he watched television coverage of flames tearing through the Cathedral of Notre-Dame in 2019. “We couldn’t do anything but just watch it burn,” he said. Now, five years later, as hundreds of architects, engineers and metalworkers race to finish rebuilding the cathedral’s roof…

The jury was unanimous. But the cable news verdict was a split decision. Viewers around the country scrambled to their television screens on Thursday to learn the outcome of the Manhattan criminal case against former President Donald J. Trump. Fox News scored the biggest audience for breaking coverage of the 34 guilty counts, pulling in…

Shares of Trump Media tumbled after former President Donald J. Trump, the company’s largest investor and primary user of its Truth Social platform, was found guilty of 34 felony counts of falsifying business records to cover up a sex scandal. Trump Media shares were about 5 percent lower in premarket trading on Friday. The stock…

The Labor Department on Thursday sued Hyundai over the use of child labor in Alabama, holding the car manufacturer liable for the employment of children in its supply chain, including a 13-year-old girl who worked up to 60 hours per week making car parts. In the suit, filed in a federal court in Montgomery, Ala.,…

The severe turbulence that killed one passenger and injured dozens on a recent Singapore Airlines flight led to sudden changes in altitude and airspeed, Singapore’s Transport Ministry said on Wednesday. Flight SQ321 encountered turbulence about 10 hours into a 13-hour trip to Singapore from London last week, officials said. Many of the 211 passengers had…

For the past decade, thousands of wealthy Americans have been flocking to Puerto Rico to take advantage of a tax break that can cut their tax bills to zero. For nearly as long, there have been allegations that the benefit enables multimillionaires to avoid paying what they owe when they reap big investment profits. Now,…

When Mark Zuckerberg, the chief executive of Meta, announced last year that his company would release an artificial intelligence system, Jeffrey Emanuel had reservations. Mr. Emanuel, a part-time hacker and full-time A.I. enthusiast, had tinkered with “closed” A.I. models, including OpenAI’s, meaning the systems’ underlying code could not be accessed or modified. When Mr. Zuckerberg…

The future of “Inside the NBA” was already a sensitive topic when Charles Barkley stepped into an elevator in Minneapolis after Game 3 of the Western Conference finals late Friday night. Barkley’s on-air candor as an analyst is a key reason that the studio show has become so influential and beloved among basketball fans and…

OpenAI said on Tuesday that it has begun training a new flagship artificial intelligence model that would succeed the GPT-4 technology that drives its popular online chatbot, ChatGPT. The San Francisco start-up, which is one of the world’s leading A.I. companies, said in a blog post that it expects the new model to bring “the…

President Biden wants more of America’s cars and trucks to run on electricity, not gas. His administration has pushed that goal on multiple fronts, including strict new regulations of auto emissions and lavish new subsidies to help American consumers take as much as $7,500 off the cost of a new electric vehicle. Mr. Biden’s aides…

“Moviegoers do not want prequel origin stories,” where significant franchise characters are “portrayed not by the actor who originated and defined them, but by a younger, less-famous performer,” Scott Mendelson, a box office analyst who publishes a subscription newsletter, wrote on Saturday. “Furiosa,” directed by George Miller and co-starring Chris Hemsworth, may have been released…

James Wood’s mother struggled with addiction, and he often found himself adrift, not knowing what day or month it was. “I didn’t understand how time worked,” he said. When James was 14, his mother died of pneumonia, and he entered California’s foster care system. As a minor with a deceased parent and a disability, James…

Not long ago, streaming TV came with a promise: Sign up, and commercials will be a thing of the past. Netflix rose to streaming dominance in part by luring customers to an ad-free experience. Amazon Prime Video, Disney+ and HBO Max followed that lead. Well, that did not last long. Ads are getting increasingly hard…

Just before Russian troops pushed across the Ukrainian northern border this month, members of Ukraine’s 92nd Assault Brigade lost a vital resource. Starlink satellite internet service, which soldiers use to communicate, collect intelligence and conduct drone attacks, had slowed to a crawl. Operated by Elon Musk’s SpaceX, Starlink has been critical to the Ukrainian military…

The immediate takeaway from the landmark $2.8 billion settlement that the N.C.A.A. and the major athletic conferences accepted on Thursday was that it cut straight at the heart of the organization’s cherished model of amateurism: Schools can now pay their athletes directly. But another bedrock principle remains intact, and maintaining it is likely to be…

In its lawsuit accusing Live Nation Entertainment, the concert behemoth that owns Ticketmaster, of being an illegal monopoly, the Justice Department drew on a raft of internal communications that offered a rare behind-the-scenes look at the industry. The Justice Department argued in an extensive complaint filed on Thursday that the merger of Live Nation and…

At 87, Pat Seftel has a thought to share about almost everything. On Tinder: “If you want to meet somebody for a real relationship, that’s not the way to do it.” On artificial intelligence: “It could get out of control.” On climate change: “This is destroying our planet.” For more than 10 years, Ms. Seftel…

A cold war between pop music titans — or at least their mobilizing fan bases and record labels — turned into a digital arms race this week as both Taylor Swift and Billie Eilish gunned for the No. 1 spot on next week’s Billboard album chart. Swift, 34, has occupied the top of the Billboard…

Treasury Secretary Janet L. Yellen warned Israel on Thursday against cutting off ties between Palestinian and Israeli banks, arguing that such a move would further destabilize the economy of the West Bank at a time when Palestinians are already facing dire economic conditions. Ms. Yellen’s comments came in the wake of Israel’s decision on Wednesday…

Nvidia, which makes microchips that power most artificial intelligence applications, began an extraordinary run a year ago. Fueled by an explosion of interest in A.I., the Silicon Valley company said last May that it expected its chip sales to go through the roof. They did — and the fervor didn’t stop, with Nvidia raising its…

Born into poverty in rural China, Mr. Guo, whose current age has been variously characterized as 53 to 56, developed a refined style, preferring tailored Brioni suits and luxury cars. When Federal Bureau of Investigation agents raided his properties last year, they found two mattresses worth $36,000 each, a $31,000 bed, a $140,000 piano and…

C. Gordon Bell, a technology visionary whose computer designs for Digital Equipment Corporation fueled the emergence of the minicomputer industry in the 1960s, died on Friday at his home in Coronado, Calif. He was 89. The cause was pneumonia, his family said in a statement. Called the “Frank Lloyd Wright of computers” by Datamation magazine,…

At least one person died and multiple others were injured after a plane encountered severe turbulence on a flight between London and Singapore, Singapore Airlines said on Tuesday. The plane, a Boeing 777-300ER, diverted to Bangkok, the airline said in an announcement on social media, and landed at 3:45 p.m. local time on Tuesday. The…

On Monday, former President Donald J. Trump’s social media company reported taking in $770,000 in advertising revenue in the first three months of the year, largely from its Truth Social platform, as it continued to incur hefty losses. The company, Trump Media & Technology Group, completed a long-awaited merger in March with Digital World Acquisition…

A congressional investigation found that BMW, Jaguar Land Rover and Volkswagen purchased parts that originated from a Chinese supplier flagged by the United States for participating in forced labor programs in Xinjiang, a far western region of China where the local population is subject to mass surveillance and detentions. Both BMW and Jaguar Land Rover…

Growing up in Mexico, Marco Flores fantasized about the lowrider cars he saw in magazines, studying their colorful bodies and gleaming engine compartments. He adored his father’s Chevrolet Chevelle, too. In a tribute, Mr. Flores eventually restored a Chevelle in electric blue — the same muscle car his father had owned — with the help…

Moving back and forth from Tennessee to Alaska, Michael Rogers and his wife Christy have twice been stuck simultaneously paying a mortgage and rent. Once, in 2006, the situation dragged on for eight months, finally ending when they sold their house in Tennessee for $20,000 below what they’d paid for it. Other adventures in homeownership…

The business of women’s basketball is booming. And the start of the 2024 W.N.B.A. season has many wondering if the sport is entering a new economic era. The arrival of stars like Caitlin Clark, the former University of Iowa phenom who is now a rookie with the Indiana Fever, has boosted interest and ticket sales….

After suffering a setback at two Mercedes-Benz plants in Alabama on Friday, the United Automobile Workers union’s efforts to organize other auto factories in the South is likely to slow and could struggle to make headway. About 56 percent of the Mercedes workers who voted rejected the U.A.W. in an election after the union chalked…

In a housing crisis that shows no end, the Chinese government is stepping in as a buyer of last resort. Chinese officials on Friday took their boldest step yet, unveiling a nationwide plan to buy up some of the vast housing stock languishing on the market. They also loosened rules for mortgages. The central bank…

The racetrack known as Old Hilltop has long been a safe space for the trainer Bob Baffert. Eight times he has come to Baltimore with a horse fast enough to leave with the blanket of black-eyed Susans that are draped over the withers of the Preakness Stakes winner. The green stakes barn with white trim…

The Food and Drug Administration on Thursday approved an innovative new treatment for patients with a form of lung cancer. It is to be used only by patients who have exhausted all other options to treat small cell lung cancer, and have a life expectancy of four to five months. The drug tarlatamab, or Imdelltra,…

European Union regulators on Thursday opened investigations into the American tech giant Meta for the potentially addictive effects Instagram and Facebook have on children, an action with far-reaching implications because it cuts to the core of how the company’s products are designed. Meta’s products may “exploit the weaknesses and inexperience of minors” to create behavioral…

Ever since Congress passed a bill that would force the Chinese company ByteDance to sell or shut down TikTok, one of the biggest questions has been: Who could buy it, given technological, political and financial considerations? The billionaire Frank McCourt has put up his hand. Mr. McCourt said Wednesday that he was working to put…

This year began with three uncomfortably hot inflation readings in a row. Economists are hoping that fresh data on Wednesday will finally bring signs of a cool-down. Forecasters expect the Labor Department report to show that the Consumer Price Index climbed 3.4 percent in April from a year earlier. That would mark a slight slowing…

A group of TikTok creators, including a rancher, a skin care entrepreneur and a promoter of biblical literacy, sued the federal government on Tuesday over a new law that would force the app’s Chinese owner, ByteDance, to sell the company or face a ban in the United States. They said it violated their First Amendment…

President Biden will announce on Tuesday that he is raising tariffs on an array of Chinese imports, including electric vehicles, solar cells, semiconductors and advanced batteries, in what he calls an effort to protect strategic American industries from a new wave of competitors that are unfairly subsidized by Beijing. The president will also officially endorse…

Ms. French Gates’s departure is the latest step in the evolution of the Gates Foundation, the world’s largest private foundation. From public health and development to agriculture and education, the foundation is a highly influential player, giving away billions of dollars annually. Its future direction was thrown into doubt momentarily when Mr. and Ms. French…

The powerful geomagnetic storm that cast the northern lights’ vivid colors across the Northern Hemisphere over the weekend also caused some navigational systems in tractors and other farming equipment to break down at the height of planting season, suppliers and farmers said. Many farmers have come to rely on the equipment, which uses GPS and…

Last month in Chicago, a United Airlines flight to London was ready to depart, but it was still waiting for 13 passengers connecting from Costa Rica. The airline projected they’d miss the flight by seven minutes. Under normal circumstances, they’d all be scrambling to rebook. But thanks to a new artificial-intelligence-powered tool called ConnectionSaver, the…

Minutes after it became clear that Javier Milei had been elected president of South America’s second-largest nation in November, Elon Musk posted on X: “Prosperity is ahead for Argentina.” Since then, Mr. Musk has continued to use X, the social network he owns, to boost Mr. Milei. The billionaire has shared videos of the Argentine…

Former President Donald J. Trump used a dubious accounting maneuver to claim improper tax breaks from his troubled Chicago tower, according to an Internal Revenue Service inquiry uncovered by The New York Times and ProPublica. Losing a yearslong audit battle over the claim could mean a tax bill of more than $100 million. The 92-story,…

For decades, Munch’s Make Believe Band at Chuck E. Cheese has performed for countless birthdays, end-of-season Little League parties and other celebrations. There’s been Chuck E. Cheese and Helen Henny on vocals, Mr. Munch on keys, Jasper T. Jowls on guitar, and Pasqually on drums. The band of robot puppets has been a mainstay at…

Jim Simons, the prizewinning mathematician who abandoned a stellar academic career, then plunged into finance — a world he knew nothing about — and became one of the most successful Wall Street investors ever, died on Friday in his home in Manhattan. He was 86. His death was confirmed by his spokesman, Jonathan Gasthalter, who…

When Emrullah Karaca began working at a factory in Gifhorn, Germany, where the auto parts supplier Continental builds components for hydraulic brakes, he was looking for a temporary job after finishing high school. But after spending more than two decades building a career at the factory, Mr. Karaca, a 49-year-old father of three, learned that…

Investors do not expect the Federal Reserve to raise interest rates again, and officials have made it clear that they see further increases as unlikely. But one important takeaway from recent Fed commentary is that unlikely and inconceivable are not the same thing. After the central bank held rates steady at 5.3 percent last week,…