Kanye West’s Deal to Buy Parler Unravels

Latest Business News - Fri, 12/02/2022 - 04:21
The parent company of Parler, a social media service popular with right-wing audiences, said it had “mutually agreed with Ye” to end the deal.

State Tax Cut Policies Prop Up Income, Fanning Inflation Worries

Latest Administration News - Fri, 12/02/2022 - 03:45
Efforts around the country to ease the pain of rising prices have given consumers more money to spend, which could paradoxically further drive up prices.

Economist Austan Goolsbee Is Named to Lead the Chicago Fed

Latest Administration News - Fri, 12/02/2022 - 03:26
A longtime University of Chicago economist who served in the Obama White House will be president of one of the Fed’s 12 regional districts.

Two Fintech Companies Fueled Extensive PPP Loan Fraud, House Report Finds

Latest Administration News - Fri, 12/02/2022 - 03:21
Executives at Womply and Blueacorn, which facilitated millions of Paycheck Protection Program loans, flouted rules and themselves collected improper loans, investigators said.

Facebook Failed to Stop Ads Threatening Election Workers

Latest Business News - Fri, 12/02/2022 - 01:07
The ads, submitted by researchers, were rejected by YouTube and TikTok.

India remittances set to hit record $100 billion in 2022

News Feed - Thu, 12/01/2022 - 23:46
Remittances sent to low and middle-income countries have grown by 5% this year, says the World Bank.

Next rescues fashion chain Joules saving 1,450 jobs

News Feed - Thu, 12/01/2022 - 23:07
Next says it will keep about 100 Joules stores open, but 19 will be closed with immediate effect.

DealBook Summit Highlights: Sam Bankman-Fried, Mark Zuckerberg and More

Latest Administration News - Thu, 12/01/2022 - 22:23
Crypto, the economy, China, streaming wars, Elon Musk and other big topics dominated this year’s DealBook Summit.

Biden’s Meeting With Macron Comes Amid Rising Trans-Atlantic Tensions

Latest Administration News - Thu, 12/01/2022 - 21:29
The president’s “Made in America” plan has drawn accusations of protectionism from Europe as the United States tries to keep its Western allies aligned against Russia.

Everything We Learned From FTX Founder Sam Bankman-Fried’s Interview

Latest Administration News - Thu, 12/01/2022 - 21:06
The 30-year-old crypto entrepreneur made his first public appearance since the collapse of his firm, FTX, last month.

Gannett Starts Another Round of Staff Cuts

Latest Administration News - Thu, 12/01/2022 - 20:35
The largest newspaper chain is cutting roughly 6 percent of its 3,440-person U.S. media division.

Sam Bankman-Fried Blames ‘Huge Management Failures’ for FTX Collapse

Latest Business News - Thu, 12/01/2022 - 20:20
Mr. Bankman-Fried spoke at The New York Times’s DealBook conference, in his first public appearance since his crypto exchange imploded.

Despite Inflation, Consumers Kept Up Their Spending in October

Latest Administration News - Thu, 12/01/2022 - 19:35
Consumption climbed and personal income rose, even after accounting for inflation, new data from the Commerce Department showed.

What to Know About Biden’s and Congress’s Involvement in the Rail Strike

Latest Administration News - Thu, 12/01/2022 - 19:22
President Biden called on Congress to pass legislation to head off a holiday-season rail strike, warning that a disruption to service could cause dire economic damage.

The Fed’s Preferred Inflation Gauge Slowed in October

Latest Administration News - Thu, 12/01/2022 - 19:09
A measure of inflation that the Fed watches most closely is showing signs of moderation, though price gains still remain too fast for comfort.

Russian mercenary videos 'top 1bn views' on TikTok

Daily Management Thought - Thu, 12/01/2022 - 18:40
The platform is said to be hosting hundreds of videos that celebrate the Russian Wagner group.

Sam Bankman-Fried Interview: Read the Transcript

Latest Administration News - Thu, 12/01/2022 - 18:38
In a discussion with Andrew Ross Sorkin of The New York Times, Sam Bankman-Fried blamed “huge management failures” and sloppy accounting for the collapse of the FTX cryptocurrency exchange.

Brexit added £210 to household food bills, LSE says

News Feed - Thu, 12/01/2022 - 18:14
A new study suggests extra red tape and checks pushed up food bills in the UK over two years.

House prices see biggest fall for two years, says Nationwide

News Feed - Thu, 12/01/2022 - 17:33
Prices fell 1.4% in November as higher interest rates put off buyers, Nationwide says.

'We are chasing never-ending debt to pay for basics'

News Feed - Thu, 12/01/2022 - 16:04
Citizens Advice says homeowners and pensioners are among those increasingly seeking debt advice.