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Updated: 10 hours 57 min ago

Jim Simons, Math Genius Who Conquered Wall Street, Dies at 86

Sat, 05/11/2024 - 03:26
Using advanced computers, he went from M.I.T. professor to multibillionaire. His Medallion fund had 66 percent average annual returns for decades.

Molly Baz’s Lactation Cookie Ad Banned From Times Square

Sat, 05/11/2024 - 03:12
Clear Channel, which manages many of the advertisements in the area, said a provocative billboard for a Molly Baz recipe was “flagged for review.”

Target Scales Back Pride Month Displays After Last Year’s Backlash

Sat, 05/11/2024 - 03:09
It said Pride merchandise would be available on its website and in select stores next month. In 2023, the retailer featured the goods widely.

Apple Will Revamp Siri to Catch Up to Its Chatbot Competitors

Sat, 05/11/2024 - 02:22
Apple plans to announce that it will bring generative A.I. to iPhones after the company’s most significant reorganization in a decade.

U.S. to Announce New Tariffs on Chinese Electric Vehicles

Sat, 05/11/2024 - 02:08
The administration could raise tariffs on electric vehicles from China to 100 percent in an attempt to protect American auto manufacturers.

Biden Administration to Pay Dairy Farmers for Bird Flu Protective Measures

Sat, 05/11/2024 - 01:44
The payment system amounted to one of the most forceful actions taken so far by agriculture officials who have raced to keep up with the spread of the virus among dairy cows.

Biden Looks to Raise Taxes on Wealthy and Corporations to Shave Deficit

Sat, 05/11/2024 - 00:46
Lael Brainard, the director of the National Economic Council, said lawmakers should raise taxes on companies and the wealthiest while extending the 2017 cuts for those making less than $400,000.

California Will Add a Fixed Charge to Electric Bills and Reduce Rates

Fri, 05/10/2024 - 23:52
Officials said the decision would lower bills and encourage people to use cars and appliances that did not use fossil fuels, but some experts said it would discourage energy efficiency.

Film Academy Looks Overseas for Donors

Fri, 05/10/2024 - 20:30
The Academy of Motion Picture Arts and Sciences has announced a global $500 million campaign to shore up its financial future.

Why Companies Are Nervous About the Consumer

Fri, 05/10/2024 - 19:13
On earnings calls, dozens of corporate executives have cited a slowdown in spending to explain why sales are slipping.

Growth Stocks. Value Stocks. What Do Those Labels Mean?

Fri, 05/10/2024 - 18:30
Using index funds to make bets on these key categories is hazardous, our columnist says.

A Pause for the Public Service Loan Forgiveness Program

Fri, 05/10/2024 - 18:30
The Education Department has temporarily stopped processing applications and other forms as it updates its systems and deals with problems plaguing the program.

A German Initiative to Keep Workers Employed by Retraining Them

Fri, 05/10/2024 - 14:34
As the industrial landscape in Germany shifts, companies have formed an alliance aimed at offering the skills and certification that workers need to find new jobs.

How Airlines Are Using AI to Make Flying Easier

Fri, 05/10/2024 - 14:32
Airlines are using artificial intelligence to save fuel, keep customers informed and hold connecting flights for delayed passengers. Here’s what to expect.

Why Your Chocolate Fix Is About to Get More Expensive

Fri, 05/10/2024 - 14:30
Cocoa prices are going nuts, after a crop failure in West Africa was followed by a rush of investor speculation.

UK Shakes Off Recession as Economy Grows Faster Than Expected

Fri, 05/10/2024 - 12:15
Gross domestic product increased 0.6 percent in the first quarter, after shrinking the two previous quarters.

Why Higher Fed Rates Are Not Totally Off the Table

Fri, 05/10/2024 - 04:25
Fed officials still think their next move will be to cut rates, but they are not entirely ruling out the possibility that they might have to raise them.

Boeing Locks Out Firefighters in Contract Dispute, and Biden Weighs In

Fri, 05/10/2024 - 02:35
The aircraft manufacturer and a union representing 125 firefighters are at odds over pay at the company’s plants in the Seattle area.

Assumable Mortgages Are Making a Comeback in a High-Rate Market

Fri, 05/10/2024 - 01:54
Assumable mortgages — or low-rate mortgages that home buyers can take over from home sellers — are making a comeback. The process can be challenging.

Activist Ancora Wins Three Norfolk Southern Board Seats but Will Not Oust CEO

Fri, 05/10/2024 - 01:32
An activist investment firm failed to replace the railroad’s top executive and all its directors, but did win three seats on its board.

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