Business
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Microsoft Revenue Up 2 Percent, but Profit Drops 12 Percent
The company, which announced plans to lay off 10,000 workers last week, had warned that is was facing a significant…
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N.Y.S.E. Glitch Leads to Wild Swings in Share Prices
Prices eventually returned to normal levels, but the turmoil left some traders uncertain of whether their orders were placed.
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Tesla Will Build Heavy Trucks at a New Factory in Nevada
The $3.6 billion investment, which also includes a new battery factory, presents a challenge to traditional truck makers that have…
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Murdoch No Longer Wants to Combine His Media Empire
Rupert Murdoch is no longer looking to combine the two parts of his media empire. News Corp, one of Mr.…
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Walmart Raises Starting Wages for Store Workers
The retail giant said the minimum wages for those employees would range from $14 to $19 an hour, up from…
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Washington Post Lays Off 20 Journalists
A further 30 open positions will not be filled. The overall size of the newsroom is expected to return to…
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The Sierra Club Tries to Move Past John Muir, George Floyd and #MeToo
For three years, the nation’s most prominent environmental organization has been ruminating about its past and future. Like many other…
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The Unknown Hedge Fund That Got $400 Million From Sam Bankman-Fried
After the collapse of FTX, prosecutors and lawyers have scrutinized its discredited founder’s huge investment in Modulo Capital.
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No Open-House Party. Influencers Just Want an Open Door.
It was still dark on a recent Tuesday morning when the photographers began gathering in the lobby of Sutton Tower,…
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Live Nation Faces a Skeptical Senate
The company’s grip on ticket sales, and its move last year to cancel sales for Taylor Swift’s upcoming tour, will…