Industry News / Helpful Articles
Trump’s Taxes May Be Released — Eventually
The Supreme Court said President Trump couldn’t block a request for his financial records by prosecutors in New York.
Jobs Outlook Remains Dim As Unemployment Claims Continue to Pour In
As unemployment claims keep pouring in, new job postings are lacking, and an end to some benefits is approaching.
A Coffee Chain Reveals Flaws in the Fed’s Plan to Save Main Street
Businesses that want to use the Federal Reserve’s Main Street program cannot, and many that can use it have better options in the private market.
Hedge Funds Duel in Bankruptcy Court Over McClatchy Newspapers
Alden Global Capital faced off against a pair of rivals trying to win the publisher of The Sacramento Bee and more than two dozen other papers.
Rethink Impact’s Latest V.C. Fund Beats Expectations
Rethink Impact invests solely in tech start-ups founded by women, which accounted for just 4 percent of all venture deals in the first quarter.
Robinhood Has Lured Young Traders, Sometimes With Devastating Results
Its users buy and sell the riskiest financial products and do so more frequently than customers at other retail brokerage firms, but their inexperience can lead to staggering losses.
Brooks Brothers, Founded in 1818, Files for Bankruptcy
The retailer, which has dressed all but four U.S. presidents, will close 51 U.S. stores as it looks for a buyer.
Facebook’s Decisions Were ‘Setbacks for Civil Rights,’ Audit Finds
An independent audit faulted the social network for allowing hate speech and disinformation to thrive — potentially posing a threat to the November elections.
Facebook Said to Consider Banning Political Ads
The social network has been under intense pressure for allowing misinformation and hate speech to spread on its site.
Amazon Backtracks From Demand That Employees Delete TikTok
TikTok, owned by the Chinese company ByteDance, has been under scrutiny as a potential national security threat.
Auctions Are Crimped as the Pandemic Forces Them Online
As sellers look to shed valuable items and buyers look to collect them on the cheap, auction houses are learning to adapt with virtual events.
Warren Buffett Gives $2.9 Billion to Charity
The billionaire investor has donated $37 billion worth of Berkshire Hathaway stock to date, part of his pledge to give away most of his substantial fortune.
Facebook’s Civil Rights Meeting Didn’t Go Well
Civil rights groups criticized the company’s top executives, Mark Zuckerberg and Sheryl Sandberg, after a meeting about its policies on hate speech.
Disney World Draws Excitement and Incredulity as Reopening Nears
The mega-resort will welcome back visitors on Saturday even as coronavirus cases in Florida remain high. In doing so, Disney steps into a politicized debate.
What Counts as a Streaming Hit? A Start-Up May Have Answers
Unlike Nielsen, which measure audience size, Parrot Analytics says it can track viewer enthusiasm. That’s more important to subscription services.
Scrutinizing SpaceX, NASA Overlooked Some Boeing Software Problems
The agency identified the causes of mishaps in orbit during an uncrewed test flight of its Starliner spacecraft in December.
Judge Puts Cloud Over Settlement of Roundup Cancer Claims
An agreement for the weedkiller’s maker to pay more than $10 billion to end litigation may not get court approval.
Facebook Fails to Appease Organizers of Ad Boycott
Mark Zuckerberg and Sheryl Sandberg, Facebook’s top executives, engaged in “spin” during a meeting over hate speech, civil rights groups said.
‘Time Is Always Money’: Pandemic Lockdowns Hasten Infrastructure Work
Improvement of roads and rails has accelerated, but the crisis has strained budgets, muddling prospects for the projects and the real estate developments that count on them.
Magic Leap Hires Top Microsoft Executive as C.E.O.
Peggy Johnson, who led Microsoft’s business development, will take over the struggling virtual reality start-up in August.
Who Received P.P.P. Rescue Loans?
We now know the names of many of the businesses that received $521 billion in small-business rescue loans. Some of the recipients will raise eyebrows.
Sunrun to Acquire Vivint in Shake-Up of Home Solar Market
Sunrun is acquiring Vivint in an all-stock deal, valued at $3.2 billion, leaving Tesla further behind as a provider of residential solar panels and batteries.
The data start-up, which has a valuation of $20 billion, would be the largest Silicon Valley tech listing since Uber made its debut last year.
Lobbyists, Law Firms and Trade Groups Took Small-Business Loans
The Trump administration began releasing details of which businesses received Paycheck Protection Program aid.
Warren Buffett Buys Pipeline in Biggest Deal for Years
The acquisition of a gas pipeline is Berkshire Hathaway’s largest in years, quelling investor anxiety about its recent drought of deal-making.
Treasury Says Small-Business Loans Supported Over 50 Million Jobs
The latest on stock market and business news during the coronavirus outbreak.
Uber Buys Postmates for $2.65 Billion
The ride-hailing company’s core business has struggled in the pandemic, so it is betting on the growth of its Uber Eats division.
