NYT Business @nytimesbusiness
Financial, tech, media and other business news from The New York Times. nytimes.com/business New York, NY Joined March 2007-
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The fast food restaurant chain will continue to bar the use of antibiotics used to treat people but will permit the use of animal antibiotics. nyti.ms/3TpvPTu
The biggest banks emerged from last year's Silicon Valley Bank crisis larger than ever, and more willing to challenge regulators. nyti.ms/3TedpFp
After writing memorable character sketches and fine-tuning others’ copy at The New Yorker, William Whitworth spent two decades as editor in chief of The Atlantic Monthly. He has died at 87. nyti.ms/3IxoGvE
BetMGM said that this year over half of Oscar bets have been placed on best picture. Sixty-nine percent of these bets are on “Oppenheimer,” which opened at +800 in June 2023 (meaning a $100 bet would net you $800 plus your investment). nyti.ms/3wLe8q7
BMW sold 376,000 electric vehicles last year, including some under its Mini brand, a 75 percent increase from the previous year. In the luxury segment, BMW was second only to Tesla. nyti.ms/4c4OMU5
Who gets to decide when something qualifies as A.G.I.? Are tech companies exaggerating or sandbagging (or both) when describing how capable their systems are? And what incentives lie behind various claims about how close to or far from A.G.I. we might be? nyti.ms/49Yf2xw
In the “Sparks of A.G.I.” paper, Microsoft’s research lab said that — though it didn’t understand how — GPT-4 had shown “sparks” of “artificial general intelligence,” or A.G.I., a machine that can do everything the human brain can do. nyti.ms/4bWXwM6
The Internal Revenue Service is on a charm offensive. nyti.ms/3v53dqx
According to the UAW, more than half of over 4,000 eligible workers at a Volkswagen plant in Chattanooga, Tenn. have signed cards indicating support for a union. nyti.ms/3Ik9npJ
The microgeneration born in 1990 and 1991 makes up the peak of America’s population. As the biggest part of the biggest generation, this hyper-specific age group has moved through the economy like a person squeezing into a too-small sweater. nyti.ms/3TjOaml
Procrastination may cost you: Interest on unpaid taxes and late penalties (yes, even penalties accrue interest) have more than doubled to 8 percent from just a couple years ago. nyti.ms/3P6lz1k
Gov. Ron DeSantis of Florida vetoed a sweeping social media bill on Friday that would have effectively barred young people under 16 from opening accounts on TikTok and Instagram. nyti.ms/3Tk8KBZ
In today’s DealBook newsletter: @m_delamerced goes inside Elon Musk’s new war on OpenAI; @BernhardWarner asks if investors and the Fed are aligning on the timing of interest rate cuts; why Disney’s heirs are backing Bob Iger against Nelson Peltz; & more. nyti.ms/48zXQgY
Developers across the country are putting new schools in struggling malls, a growing trend that serves both to increase educational opportunity and put to good use the thousands of vacant retail spaces that make once-vibrant shopping centers a blight. nyti.ms/49snDcb
From Tokyo and Chiang Mai, Thailand, to Amsterdam and New York, members of the Chinese diaspora are creating an alternative China, and in the process redefining what it means to be Chinese. nyti.ms/3wxSju4
The new rules in Florida, passed Thursday, would require social networks to prevent people under 16 from signing up, and terminate preexisting accounts belonging to underage users. nyti.ms/3uzMr2Q
At issue are what farmers say are sharply rising costs, unfair competition from imports allowed into Europe from other countries able to produce food more cheaply, and especially European Union regulations intended to contain or reverse climate change. nyti.ms/48oEJ9u
Berkshire Hathaway disclosed $97.1 billion in net earnings last year, a sharp swing from its $22 billion loss in 2022. nyti.ms/4c2XMcD
In the weekend edition of the DealBook newsletter: The economic impact of Russia’s new nuclear space threat, plus how Russia’s economy, surprisingly, is still thriving and what the West’s efforts to enforce sanctions actually cost. nyti.ms/3IdIq76
New restrictions on short-term rentals in some cities may boost occupancy in hotels, but many travelers still prefer Airbnb and the like, particularly in rural areas. nyti.ms/48DBFae
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61K Followers 5K Following I write The Tech Friend newsletter at The Washington Post. Relatively inactive here. Reach me at [email protected]Margot Sanger-Katz @sangerkatz
50K Followers 2K Following Covering health care metaphors at @nytimes @upshotnyt. Popcorn enthusiast. #wthealthThey’re Paid Billions to Root Out Child Labor in the U.S. Why Do They Fail? - please read every word of this rage-inducing yet essential journalism from @hannahdreier nytimes.com/2023/12/28/us/…
NEW: The criminal cases facing Donald Trump have led to a boomlet in true-crime podcasts nytimes.com/2023/12/27/bus… The biggest campaign story of 2024? The four criminal investigations into the frontrunner for the Republican nomination.
NEW: China’s main spy agency, the Ministry of State Security (MSS) uses advanced tech, including AI, to battle the CIA. And it’s on a global hunt tor tech secrets. Our @nytimes story explores their shadow world. w/ @julianbarnes @muyixiao @ChuBailiang. nytimes.com/2023/12/27/us/…
Great @sapna story on TikTok’s scrambling to address concerns about antisemitism on the platform nytimes.com/2023/12/01/bus…
American oil production is booming again. Good news for the economy can be bad news for the climate. @ckrausss nytimes.com/2023/12/01/bus…
wonderfully written, well-designed piece on the not-so-simple act of dry cleaning a shirt nytimes.com/2023/11/30/nyr…
the thing musk doesnt understand (or doesnt care to) is the bulk of ad dollars spent on twitter are largely experimental "brand" advertising, not "direct response" the owner of Facebook could say "FU" and have marketers crawl back. Twitter, not so much nytimes.com/2023/11/30/tec…
TikTok users in Montana can breathe a sigh of relief -- the app will not be banned as of Jan. 1: nytimes.com/2023/11/30/bus…
The @nytimes is LIVE from Dubai for Day 2 of COP28. Follow along for updates here: nytimes.com/live/2023/12/0…
New from Bessemer City, N.C -- Electric Vehicle Push Returns North Carolina to Its Lithium Mining Roots nytimes.com/2023/11/30/bus…
U.S. Debates How Much to Sever Electric Car Industry’s Ties to China nytimes.com/2023/11/29/bus…
GDP was revised UP from the already-popping 3rd quarter, from 4.9 to 5.2%. bea.gov/news/2023/gros… (Don't expect a repeat performance this quarter though.) Residential and business investment both stronger than the initial estimate: nytimes.com/2023/10/26/bus…
Is the Fed done raising rates? Recent comments have investors betting they may be. nytimes.com/2023/11/28/bus…
Have you heard? It's getting to be election season, and people - even Democrats - are real down on the Biden economy, despite a lot of positive data. I called a bunch of voters to ask what's behind that assessment, and how it impacts their choice in 2024. nytimes.com/2023/11/28/bus…
the SheIn IPO... extremely eager to see the numbers nytimes.com/2023/11/27/bus… via @LaurenSHirsch & @JordynJournals
First Xi and now Biden have said they will not attend the #COP28 climate summit in Dubai. China, with more than a quarter of current emissions, and the U.S., with nearly a sixth, are crucial. nytimes.com/2023/11/27/cli…
My latest. The tldr; Do not let your kids use your Google account on their tablets. nytimes.com/2023/11/27/tec…
A recap of what Black Friday shopping looked like and how the White House is interpreting the data nytimes.com/2023/11/27/bus…
Amazing work by @nytimes colleagues unraveling the case of a loan shark who made violent threats & was serving a 10yr prison sentence, & whom Trump pardoned on his last day in office. That move torpedoed a huge DOJ investigation into predatory lending. Wow nytimes.com/2023/11/26/us/…
The 1968 Memphis sanitation workers’ strike led to greater economic mobility for Black workers. Today, union activists are trying to capture some of that spirit. nytimes.com/2023/11/23/bus…