Consumer Watchdog’s Latest Budget Request: $0

Consumer Watchdog’s Latest Budget Request: $0

Business January 19, 2018 0

On Tuesday, Mr. Mulvaney announced that the agency would reconsider a rule it adopted last year that would tightly limit short-term payday loans. But unwinding or significantly altering the rule, which took the bureau five years to develop, requires a lengthy administrative process, which the bureau has not yet... Read more
Who’s Still in Amazon’s HQ2 Contest: DealBook Briefing

Who’s Still in Amazon’s HQ2 Contest: DealBook Briefing

Business January 18, 2018 0

• The smallest city is Newark, N.J., whose estimated 2016 population in 2016 was 281,764. • This: Amazon picking its second HQ is like a season of the Bachelor. Predictable, yet you can’t stop watching. Would I still maintain my journalistic integrity if I had a favorite candidate? —... Read more
Six Are Laid Off at Saveur Magazine, Including Its Editor

Six Are Laid Off at Saveur Magazine, Including Its Editor

Business January 18, 2018 0

Ms. Dorset said that Anthony Licata, Bonnier’s editorial director, will continue to be the general editorial director of Saveur, and that the magazine would publish just four print issues each year. Five of Bonnier’s other titles — Wakeboarding, Waterski, Sport Rider, Baggers and Dirt Rider — will cease printing... Read more

US Stock Rally Lifts Dow to First Close Above 26,000 Points

Business January 18, 2018 0

The Dow traded above the 26,000-point threshold on Tuesday, but wound up closing lower. Its surge Wednesday was driven in part by a gain in Boeing, which posted the biggest gain in the 30-company average. With the stock market reaching records so often, 1,000-point moves in the Dow have... Read more
Google Sells A.I. for Building A.I. (Novices Welcome)

Google Sells A.I. for Building A.I. (Novices Welcome)

Business January 17, 2018 0

Google uses the technique while building systems that can recognize faces, products, landmarks and other objects in photos. In some cases, these algorithms are more accurate than something that is designed solely by engineers. The new service is part of a widespread effort to expand the power of modern... Read more
At Retail Trade Show, Technology Is the Star

At Retail Trade Show, Technology Is the Star

Business January 17, 2018 0

Alibaba and Data E-commerce was both an aspiration and a boogeyman. Amazon was often described in hushed tones; several exhibitors and speakers tried to avoid naming the online retailer at all. But attendees packed a large hall on Tuesday to listen to an executive of Alibaba, a Chinese giant... Read more
Banks Are Big Winners From Tax Cut

Banks Are Big Winners From Tax Cut

Business January 17, 2018 0

“The good news is that tax reform has produced both current and future benefits for our shareholders,” PNC’s president and chief executive, Bill Demchak, told analysts on Friday. He said the bank’s preference would be to divert the tax savings “toward dividend” — which is to say, to return... Read more
DealBook Briefing: BlackRock’s Larry Fink Goes Social Activist

DealBook Briefing: BlackRock’s Larry Fink Goes Social Activist

Business January 16, 2018 0

The context, from Andrew’s latest DealBook column: Mr. Fink’s letter pits the investment mogul “against many of the companies that he’s invested in, which hold the view that their only duty is to produce profits for their shareholders, an argument long espoused by economists like Milton Friedman.” The assessment:... Read more
BlackRock’s Message: Contribute to Society, or Risk Losing Our Support

BlackRock’s Message: Contribute to Society, or Risk Losing Our Support

Business January 16, 2018 0

In a candid assessment of what’s happening in the business world — and perhaps taking a veiled shot at Washington at the same time — Mr. Fink wrote that he is seeing “many governments failing to prepare for the future, on issues ranging from retirement and infrastructure to automation... Read more
Keeping Up With the Meltdown and Spectre Bugs

Keeping Up With the Meltdown and Spectre Bugs

Business January 15, 2018 0

Q. Is it safe to install the Windows patch for these new Spectre and Meltdown bugs? Do they affect Linux? (And who names these security flaws, anyway?) A. Meltdown and Spectre, the two recently announced security flaws that can expose personal data to hackers, could potentially affect Linux systems,... Read more