Stay updated with the financial markets, corporate strategies, and economic trends affecting the business world.
[ad_1] Beyond the Federal Reserve’s interest rate decision Markets are betting Tuesday that the Federal Reserve will hold interest rates on Wednesday. But with oil prices rising, inflation rising and the economy showing surprising strength, Wall Street is increasingly convinced the central bank will keep rates at or near a two-decade high well into next … Read more
[ad_1] As a traveler who prefers the low season for its more affordable prices and fewer visitors, I try not to fly in July and August, at least in the northern hemisphere. I wait until fall, when flight and hotel rates typically drop and crowds thin. Or they used to. This year, in September, hotels … Read more
[ad_1] For months, John Jay Ray III, the corporate turnaround expert who was appointed to oversee the bankruptcy of crypto exchange FTX, has attacked the company’s founder, Sam Bankman-Fried, accusing him of “old-fashioned embezzlement.” Now, Ray has a new target: Bankman-Fried’s parents. On Monday, FTX filed a lawsuit in federal court in Delaware accusing former … Read more
[ad_1] In the gloom of China’s economy, one area of business is booming: cosmetics. After enduring nearly three years of mandatory masks and frequent lockdowns during the pandemic, many Chinese consumers, wary of big-ticket purchases like apartments, are now splurging on lipstick, perfumes, moisturizers and other personal care products. But cosmetics companies from France, Japan, … Read more
[ad_1] Last month, twelve hundred tons of sand arrived at Hudson River Park, the strip of green space on the western edge of Manhattan, and it only took a quarter of a century to get there. In 1998, when Governor George E. Pataki signed the law authorizing the park’s creation, he promised it would have … Read more
[ad_1] In the darkness of the Chinese economy, one area of business is booming: cosmetics. After enduring nearly three years of mandatory masks and frequent lockdowns during the pandemic, many Chinese consumers, wary of big-ticket purchases like apartments, are now splurging on lipstick, perfumes, moisturizers and other personal care products. But cosmetics companies from France, … Read more
[ad_1] The United Auto Workers and Detroit’s Big Three automakers largely held firm on Sunday, apparently no closer to reaching agreements than when auto workers went on strike on Friday. “If we don’t get better offers and we don’t dedicate ourselves to addressing the needs of members, then we’re going to expand this even further,” … Read more
[ad_1] What do “Barbie,” “Mission: Impossible – Dead Reckoning” and “Indiana Jones and the Doom Dial” have in common? As well as being the big-budget films of the summer, they were made in Britain and partly filmed at some of the country’s most esteemed studios. Major Hollywood productions are a fundamental part of the British … Read more
[ad_1] Jonathan Isaac is a forward for the Orlando Magic of the National Basketball Association, but he is perhaps best known as someone who decided not to protest police brutality against African Americans during a summer of widespread activism related to racial injustice. Isaac, who is Black, made that singular moment from July 2020, when … Read more
[ad_1] The federal government’s first monopoly trial in the modern Internet era is less than a week old, but already one central character has emerged: data. Its role, its use and its power are key issues in the Justice Department’s case against Google. The government claims Google bribed and intimidated smartphone makers like Apple and … Read more