Category: Business

Hong Kong police arrest pro-democracy media tycoon Jimmy Lai and raid newspaper offices

Hong Kong police arrested media tycoon Jimmy Lai and raided the offices of his flagship newspaper, the most high-profile case yet against democracy activists in the city under a national security...

Second-home prices soar in Aspen and Martha’s Vineyard as the affluent flee megacities

Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. Anthony Hitt, CEO of Engel & Völkers Americas, was riding a...

Black women account for less than 3% of U.S. doctors. Is health care finally ready to face racism and sexism?

Uché Blackstock’s experience at her last employer might sound depressingly familiar to many Black employees across corporate America. An emergency physician who spent eight years as an assistant professor at New...

Black-owned food businesses are seeing a surge in publicity and customers—and hope that investors are next

Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. It was a regular afternoon in May for Denise Woodard. Her...

Calls for schools to get ‘creative’ with reopening have largely been ignored. Why?

Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. Early last month, New York magazine published an intriguing proposal for...

How the government’s new real-time payments system could transform commerce

On Thursday, the Federal Reserve unveiled new details about FedNow Service—a new real-time payments platform that would enable financial institutions in the U.S. to clear and settle transactions in virtually instantaneous...

Why you can trust the new coronavirus contact-tracing apps to safeguard your privacy

Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. A major tool in controlling any pandemic is what’s known as...

How can bricks and mortar reinvent itself for an unknown future?

As restaurants, retail, offices, and other public spaces reopen their doors after an entire season of shutdowns, guests can expect to enter a new reality of sneeze guards, cubicle seats, six-feet...

A family’s $35 billion fortune evaporates in a blink

A lot can happen in two-and-a-half years. In early 2018, Georg Schaeffler became Germany’s richest person as shares of Continental AG, the car-part maker in which he and his mother—Maria-Elisabeth Schaeffler-Thumann—own a major...

Jobless rate sits at 10.2% as Congress debates replacement for expired $600 unemployment benefit

The unemployment rate dropped from 11.1% in June to 10.2% in July, as the economy added nearly 1.8 million jobs last month, soundly beating consensus estimates. Equities futures and the dollar...

What to watch this weekend on Netflix, broadcast TV, and more

Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. Between traditional television, video-on-demand releases, and a growing number of streaming...

A weakening U.S. dollar makes these 3 assets more attractive for your portfolio

Since late March the U.S. dollar has fallen almost 10% against a basket of other currencies around the globe. Some of this selloff may have to do with the fact that...

One of the world’s top COVID-19 vaccines is ‘stuck’ in customs—Is the delay deliberate?

Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. On May 16, Canadian Prime Minister Justin Trudeau announced that Canada...

Postponing elective surgeries due to COVID-19 might have pushed the opioid crisis to the next level

Knee replacement. Cancer surgeries. Organ transplants. Worldwide, tens of millions of elective surgeries have been postponed because of the coronavirus. Public health officials have had to balance patients’ urgent need for...

How Ghislaine Maxwell’s arrest upended the filming of ‘Surviving Jeffrey Epstein’

The filmmakers behind “Surviving Jeffrey Epstein” moved quickly when Ghislaine Maxwell was arrested on federal charges that she acted as a recruiter for the financier’s sexual abuse. The fourth episode of the...

Is it safe to swim during the coronavirus pandemic?

Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. Is it safe to go swim in public pools during the...

69% of Americans think the way they work has changed forever

We’re living through a once-in-a-lifetime upheaval, and wherever we end up on the other side won’t be the same place we started from. How we work, where we work, and the...

Why China’s catastrophic floods will barely dent its economy

Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. The waters of China’s mighty Yangtze River have inched upward in...

‘A strange power’: The secretive Presidential committee that could kneecap TikTok

Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today.President Trump issued an executive order on Thursday that could bar...

Joe Biden’s childcare plan will benefit working families—but basic income would help even more

With his $775 billion childcare plan, Joe Biden has run headlong into history—reigniting a conversation about family support that the U.S. effectively abandoned almost 50 years ago. Biden’s promising idea, announced late last...

The tax credit that could save our economy

These past few months have proved two hard truths: first, that we can neither spend arbitrarily nor overregulate economically during the COVID crisis, and second, that we need a set of...

Why are Black-owned businesses twice as likely to close during the pandemic?

The coronavirus pandemic has disproportionately impacted Black-owned businesses, which have shuttered at nearly twice the rate as small businesses in the U.S. overall, according to new research from the Federal Reserve...

Stimulus checks and enhanced unemployment delayed further with Democrats and Republicans unable to compromise

Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. Update: Treasury Secretary Steven Mnuchin said on Friday he’d ask President Donald...

Trump’s WeChat ban could hurt iPhone sales in China

President Donald Trump’s order banning U.S. companies from doing business with Chinese messaging app WeChat could damage iPhone sales in one of Apple Inc.’s most important markets. The order would block all...

Independent restaurants are already in a perilous situation—and it’s about to get a lot worse

Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. Dining remains the hardest-hit industry for unemployment as a result of...

Eyeballs, asthmatics, and 3D-printed organs: New discoveries about COVID-19 abound

In general, the public’s interest in research related to COVID-19 is focused on a single issue: Is there a vaccine, and when is it going to be ready? It’s a massive question,...

Why Fat Tire beer costs $100 per six-pack on International Beer Day

Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today.Beer drinkers in Colorado and Minnesota may experience the biggest sticker...

TikTok threatens legal action in response to Trump’s executive order banning the app

Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. Popular short video app TikTok said in a Friday statement that...

Trump’s WeChat executive order sends shares of Tencent parent on wild ride

President Donald Trump on Thursday signed two executive orders restricting U.S. operations of Chinese-owned social media platforms TikTok and WeChat, citing national security concerns. The orders will take effect in 45...

The TikTok effect: U.S. ban could doom the global ambition of Chinese tech

Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today.The Trump administration’s threat to ban the Chinese-owned short video...

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Hope for 138 stranded Nigerians in Saudi Arabia

By Bose Adelaja There seems to be a ray of hope for the 138 Nigerian women who are stranded in Saudi Arabia, as International...

Trump’s sabotage of Postal Service threatens elections in November and leads to mail delays now

Trump installed Louis DeJoy, a major Republican donor with no postal experience, as postmaster general, to do the damage, and DeJoy has moved...