NYT > Business · Business
Entertainment 360 Acquires Brigade, a Management Firm Rich in Substackers
With the purchase of Brigade, a small talent firm, Substack writers and podcast hosts are now managed by the same company as movie stars.
Business news
NPR Topics: Business · Business
Oil giant ExxonMobil left Venezuela years ago. Now it's considering a return
ExxonMobil has signed a memorandum of understanding with the Venezuelan government and its state-owned oil company to explore opportunities in the country. (Image credit: Brendan Smialowski)
WSJ.com: US Business · Business
AkzoNobel-Axalta $25 Billion Merger Could Harm Competition, U.K. Regulator Warns
The Competition and Markets Authority said the merger would be referred for an in-depth investigation unless the parties offered to address concerns.
WSJ.com: US Business · Business
KKR, Germany’s RWE Invest $16 Billion in U.K. Wind-Power Projects
Both parties will develop, construct and operate the Vanguard West and East projects in the British North Sea, which rank among the U.K.’s largest offshore-wind developments.
WSJ.com: Markets · Business
Asian Bond Yields Rise on Growing Expectations for Fed Rate Hike
Hotter-than-expected U.S. inflation data and Federal Reserve officials’ hawkish commentary raised the chances of a rate increase next month.
WSJ.com: US Business · Business
SoftBank Posts $7 Billion Loss as AI Trade Falters
The company took a hit on the value of power-generating equipment meant for AI data centers. Its stock has more than halved from its June peak.
WSJ.com: US Business · Business
An American Furniture Maker Tried to Bring Jobs Back Home. It Didn’t Work.
The Krinskys tried to stay ahead of changing U.S. trade policies by moving manufacturing back from Vietnam, but the numbers didn’t pencil out.
WSJ.com: US Business · Business
Masayoshi Son’s Huge Bet on Electrical Turbines Backfires
SoftBank reserved enough gas turbines to generate the power of six Hoover Dams. It cost the company billions of dollars in losses.
WSJ.com: US Business · Business
Canada PM Carney Calls Stellantis Factory Sale ‘Unacceptable’
Canadian Prime Minister Mark Carney said he’s prepared to use whatever legal and policy levers available to protect the roughly 2,000 workers affected.
NPR Topics: Business · Business
The scandal surrounding the head of Nvidia could have wide-ranging implications
NPR's Sacha Pfeiffer speaks with Bloomberg tech reporter Ian King about the unusually overarching role of Nvidia CEO Jensen Huang at his company and within the American tech industry at large.
NYT > Business · Business
Toyota Plans to Sell a Kei Pickup Truck in the U.S.
The automaker plans to sell Americans “Kei” pickup trucks, which are very popular in Japan and with U.S. auto enthusiasts. Even President Trump is a fan.
WSJ.com: Markets · Business
SEC Enforcement Penalties Fall to 18-Year Low
The Wall Street regulator obtained about $1 billion last year, the lowest amount since the 2008 financial crisis.
WSJ.com: US Business · Business
Ticket Resale Grew With Sold-Out Stadiums. Now It’s Marking Up Poetry Slams.
In a practice known as speculative selling, brokers sell the tickets on platforms like StubHub, then buy them at a lower price from the box office.
NYT > Business · Business
Anthropic’s Giant IPO Will Tie It Closer to Nvidia
Nvidia planned to invest $10 billion in Anthropic alongside its initial public offering, the largest of the new financial commitments from several giants to the A.I. company.
NPR Topics: Business · Business
Should you trust new AI agents with your money and data?
Tech companies want agentic AI to be the new way you shop. But should you trust AI when your money's involved?
WSJ.com: US Business · Business
Google Agrees to Privacy in Spirit Airlines Data Sale
Revised bankruptcy pact carves out personnel files and installs an independent monitor to address union and congressional pushback over AI training.
NYT > Business · Business
Who Is Alice Huang, the Woman in the Middle of Nvidia’s Spy Scandal?
Alice Huang, who U.S. intelligence determined is a Chinese asset, emerged from the high-flying world of Shanghai finance to work with tech titans and obtain essential A.I. chips.
NYT > Business · Business
Nvidia Hires Wachtell Lipton to Investigate CEO Jensen Huang’s Affair With Chinese Executive
Wachtell partner Joon H. Kim, a former acting U.S. attorney, is leading the inquiry into the chip maker’s chief executive.
WSJ.com: US Business · Business
U.K.’s Worst-Kept Secret: Who Was the Celebrity Accused of Preying on Teens
The David Walliams case, whose allegations he denies, has reignited debate over Britain’s strict libel laws and limits on press freedom.
NYT > Business · Business
Weil Gotshal Partners Vote to Shut Down After Nearly a Century
The large law firm, known for its powerful bankruptcy practice, started coming apart as prominent partners moved to other firms.
NPR Topics: Business · Business
Americans across the economic spectrum feel a 'panic' about finances, author says
Mona Chalabi spent five years following Americans living paycheck to paycheck, as well as those earning top wages. Her new book, Ten Lives, explores why financial security can feel so elusive. (Image credit: LM Otero)
NYT > Business · Business
Anthropic Targets Valuation of Up to $1.4 Trillion for Blockbuster I.P.O.
The A.I. company’s pricing would make it one of the biggest ever public listings. It comes at a volatile moment in markets, with investors questioning the sustainability of the A.I. boom.
NYT > Business · Business
Data Show Households Still Managing to Meet Their Monthly Debts
The New York Fed detailed general steadiness in debt payments for autos, student loans and mortgages.
NYT > Business · Business
Secrets, Chips and Spycraft: The Nvidia C.E.O. Scandal
Despite knowing about the relationship between one of the president’s closest allies and a woman later identified by U.S. officials as a Chinese spy, the Trump administration took no action.