Business - Febspot (Page 39)

Business

A collection of 1424 posts

1907 Crocker‑McMillin mansion in New Jersey listed for $19 million in bankruptcy — I.insider.com

1907 Crocker‑McMillin mansion in New Jersey listed for $19 million in bankruptcy

Businessinsider reports the 1907 Crocker‑McMillin mansion in Mahwah, New Jersey, is up for bankruptcy sale, listed at $19 million after the property was forfeited to the bankruptcy estate of Miles Guo in 2024. The 50,000‑square‑foot, 75‑room estate features extensive wood and marble carvings and its

Trump sues JPMorgan in Florida, seeks $5 billion over 2021 account closures — Static01.nyt.com

Trump sues JPMorgan in Florida, seeks $5 billion over 2021 account closures

President Trump filed a lawsuit in Florida on Jan. 22, 2026, alleging that JPMorgan Chase stopped doing business with him for political reasons after the Jan. 6, 2021, attack on the Capitol and seeking $5 billion in damages. The suit also names JPMorgan chief executive Jamie Dimon as a defendant.

Oracle, MGX and Silver Lake take major stakes in new U.S. TikTok venture — Static01.nyt.com

Oracle, MGX and Silver Lake take major stakes in new U.S. TikTok venture

ByteDance has spun out an American venture to operate TikTok in the United States, the company announced on Jan. 22, 2026, as part of an effort to comply with a 2024 federal law aimed at separating the app from its Chinese parent on national security grounds. Under the arrangement, non-Chinese

ByteDance splits TikTok into U.S. and global units to preserve U.S. access — Static01.nyt.com

ByteDance splits TikTok into U.S. and global units to preserve U.S. access

On Jan. 23, 2026, ByteDance officially split TikTok into separate entities for the United States and the rest of the world — a move the article said marked a final capitulation for the app’s survival in the United States after a six-year fight. The outcome highlights the dilemma facing Chinese

Trump sues JPMorgan and CEO Jamie Dimon for $5 billion over alleged debanking — Static01.nyt.com

Trump sues JPMorgan and CEO Jamie Dimon for $5 billion over alleged debanking

President Trump filed a $5 billion lawsuit against JPMorgan Chase and its chief executive, Jamie Dimon, accusing the bank of “debanking” political conservatives — a development that landed at the World Economic Forum in Davos, Switzerland. In the suit, Mr. Trump alleged that JPMorgan had closed some of his and his

Traders wager on how much snow New York City will get this weekend — I.insider.com

Traders wager on how much snow New York City will get this weekend

Businessinsider reports traders are betting on how much snow New York City will get this weekend as Winter Storm Fern barrels through the US. Traders on Kalshi had bet almost $900,000 as of Saturday afternoon on whether more than 12 inches of snow will fall in New York City

Economists warn a Trump-controlled Fed could bring short-term boost, long-term pain — Static01.nyt.com

Economists warn a Trump-controlled Fed could bring short-term boost, long-term pain

President Trump has signaled he wants the Federal Reserve to lower short-term interest rates, and New York Times columnist Jeff Sommer warns that cutting rates beyond what economic conditions warrant could create a short-term boom while producing longer-term problems such as higher inflation and damage to the Fed’s credibility.

ByteDance to Spin Out U.S. TikTok; American Users Keep Same App — Static01.nyt.com

ByteDance to Spin Out U.S. TikTok; American Users Keep Same App

ByteDance agreed to spin out a U.S. TikTok entity under an arrangement in which non‑Chinese investors will own about 80 percent and ByteDance will keep 19.9 percent. A spokeswoman for the new venture said the app’s 200 million American users will be able to keep their

Trump seeks U.S. private investment in Venezuela amid extensive sanctions — Static01.nyt.com

Trump seeks U.S. private investment in Venezuela amid extensive sanctions

President Trump is pressing to restart U.S. private investment in Venezuela while the administration retains tight control over which companies may operate there, but extensive U.S. sanctions remain in place and complicate that effort. According to an analysis of Treasury Department data, Venezuela is subject to more than

Minnesota retailers turn stores into aid centers amid ICE protests — I.insider.com

Minnesota retailers turn stores into aid centers amid ICE protests

Businessinsider reports that small businesses in the Minneapolis area are shifting from retail to community aid as heightened ICE activity and large protests roil the city, including a second fatal shooting by federal officers during a downtown demonstration. Owners say January — normally a slow month for restocking and taxes — has

Washington Post will not send a contingent to the Winter Olympics in Italy — Static01.nyt.com

Washington Post will not send a contingent to the Winter Olympics in Italy

The Washington Post notified more than a dozen journalists that it will not send a contingent to cover the Winter Olympics in Italy, according to an email from managing editor Kimi Yoshino reviewed by The New York Times. Ms. Yoshino wrote, “As we assess our priorities for 2026, we have

Ubisoft shares hit lowest level since 2011 after company announces major reset — Cdn.mos.cms.futurecdn.net

Ubisoft shares hit lowest level since 2011 after company announces major reset

Pcgamer reports Ubisoft announced a "major reset" of its organisational hierarchy and game development plans, and its shares fell to their lowest price since 2011. The overhaul included a fundamental shakeup to internal studio structure, the cancellation of six projects including the Prince of Persia: The Sands of

Experts warn power problems may follow storm as snow and demand strain grids — Static01.nyt.com

Experts warn power problems may follow storm as snow and demand strain grids

Energy experts warned that the worst electrical problems from the winter storm may occur after the storm has passed in areas including Texas and the Mid-Atlantic, as snow and ice accumulate on trees and power lines and electricity demand rises. As snow and ice collect on tree branches and power

U.S. law school applications jump as costs and A.I. cast doubt on returns — Static01.nyt.com

U.S. law school applications jump as costs and A.I. cast doubt on returns

Applications to U.S. law schools for the 2026 cycle have surged, rising an estimated 17 percent from last year and 44 percent from two years ago, according to data from the American Bar Association compiled by the Law School Admission Council. That increase comes as rising tuition, new federal

Heir doubts inheriting Slovakia childhood home will be worth the trouble — I.insider.com

Heir doubts inheriting Slovakia childhood home will be worth the trouble

Businessinsider spoke with Katarina Polonska, a 36-year-old Vancouver-based relationship scientist who lives in Canada and is set to inherit her two-bedroom, one-bath childhood home in Slovakia. Polonska said the apartment is old and needs extensive work — she estimates the property is worth maybe $80,000 CAD and that selling would

Canada will cut tariffs on a limited number of Chinese cars, worrying U.S. automakers — Static01.nyt.com

Canada will cut tariffs on a limited number of Chinese cars, worrying U.S. automakers

Canada has agreed to let a limited number of Chinese-made cars into its market at a lower tariff, a move announced on Jan. 16 in Beijing by Prime Minister Mark Carney. The plan would cut the tariff to 6.1 percent for up to 49,000 Chinese-made vehicles a year,

US airlines cancel thousands of flights as 2,000-mile winter storm nears — I.insider.com

US airlines cancel thousands of flights as 2,000-mile winter storm nears

Businessinsider reports US airlines are canceling thousands of flights this weekend as a major winter storm moves eastward, stretching roughly 2,000 miles from New Mexico to Maine and threatening almost 180 million people, the National Weather Service said. The NWS said early Saturday that much of the south-central US

Columnist counsels workers on short tenures and long Covid scheduling disputes — Static01.nyt.com

Columnist counsels workers on short tenures and long Covid scheduling disputes

Max Read, writing in The New York Times on Jan. 24, 2026, answered two reader questions about workplace dilemmas: whether leaving a job after a short tenure will look bad, and how to respond when a colleague has long Covid exemptions from evening and on-call shifts. In the first case

Amtrak’s dynamic pricing draws passenger complaints as some fares rival airfares — Static01.nyt.com

Amtrak’s dynamic pricing draws passenger complaints as some fares rival airfares

Amtrak has expanded its use of dynamic pricing as ridership rebounded after pandemic restrictions eased, and some passengers say train fares now sometimes match or exceed the cost of flying. Riders such as Leah Goodridge reported surprise at last-minute fares—she saw a $572 round-trip fare to Washington and found

Minnesota activists target Enterprise with booking-and-cancel anti-ICE campaign — I.insider.com

Minnesota activists target Enterprise with booking-and-cancel anti-ICE campaign

Businessinsider: Enterprise Rent-A-Car is the latest company targeted by anti-ICE protests in Minnesota, after organizers urged people to "ICE OUT Enterprise" by reserving rental cars and then cancelling them to disrupt operations. A viral TikTok video posted Thursday showed protesters lined outside a Saint Paul Enterprise holding signs

U.S. Treasury took steps to weigh yen intervention after market turmoil — Static01.nyt.com

U.S. Treasury took steps to weigh yen intervention after market turmoil

The U.S. Treasury took preliminary steps toward intervening in currency markets after Treasury Secretary Scott Bessent expressed concern that recent turmoil in Japan could spill over to the United States, and the Federal Reserve Bank of New York asked banks about the cost of exchanging yen for dollars, according

Ubisoft restructuring and return-to-office policy prompt staff backlash — Kotaku.com

Ubisoft restructuring and return-to-office policy prompt staff backlash

Kotaku reports that Ubisoft this week announced major delays, cancellations, cost-cutting and a restructuring plan while reversing its hybrid work-from-home policy, prompting widespread frustration among employees. Staff across the company learned the changes alongside the public in an end-of-day message from CEO Yves Guillemot that described a new decision-making structure,

Airlines cancel hundreds of flights ahead of powerful winter storm — Static01.nyt.com

Airlines cancel hundreds of flights ahead of powerful winter storm

Airlines and airports across much of the United States canceled hundreds of flights and prepared for widespread disruptions as a powerful winter storm threatened ice and snow this weekend. Delta said it had proactively canceled some Friday flights in northern Texas, Oklahoma, Arkansas, Louisiana and Tennessee, but most cancellations came

Amazon staff post pizza memes on Slack ahead of expected layoffs — I.insider.com

Amazon staff post pizza memes on Slack ahead of expected layoffs

Businessinsider reports Amazon is expected to conduct another round of corporate layoffs, and employees are sharing pizza memes in an internal Slack channel as the cuts loom. The company is expected to cut thousands more corporate roles as soon as next week, which would follow roughly 14,000 jobs eliminated