For more than a quarter century, the fortunes of the United States and China were fused in a uniquely monumental joint venture. Americans treated China like the mother of all outlet stores, purchasing staggering quantities of low-priced factory goods. Major brands exploited China as the ultimate means of cutting costs, manufacturing their products in a…
The U.S. Environmental Protection Agency is about to announce new regulations governing soot — the particles that trucks, farms, factories, wildfires, power plants and dusty roads generate. By law, the agency isn’t supposed to consider the impact on polluting industries. In practice, it does — and those industries are warning of dire economic consequences. Under…
Mass Shootings, Mass Sales In June 2012, James E. Holmes, the Colorado graduate student, ordered 1,500 rounds of Lake City ammunition from the website BulkAmmo.com, which had been offering discounts on boxes of the 5.56. He had them delivered to a FedEx shipping center near his home. The next month, Mr. Holmes stormed into a…
After a monthlong trial and about four hours of deliberation, a jury convicted the FTX founder Sam Bankman-Fried of seven counts of fraud and conspiracy last week. He had been accused of stealing billions of dollars from his cryptocurrency exchange’s customers and investors, funneling the money into his investments and extravagant spending. Now, Judge Lewis…
The union that represents movie and television actors said on Friday that its national board had voted with 86 percent support to send a tentative contract with studios to members for ratification. The ratification process will start on Tuesday and end the first week in December. Actors can go back to work immediately, however. Members…
At age 80, Byron Wien compiled “20 Life Lessons” from a long career as a Wall Street soothsayer. “Never retire” was No. 20. “If you work forever, you can live forever,’’ he explained. “I know there is an abundance of biological evidence against this theory, but I’m going with it anyway.” Mr. Wien (pronounced ween)…
A developer of small nuclear reactors announced on Wednesday that it was canceling a project that had been widely expected to usher in a new wave of power plants. NuScale Power, a company in Portland, Ore., said it lacked enough subscribers to advance the Carbon-Free Power Project, which had been expected to deliver six of…
When Sarmad Gilani joined Google as a software engineer in 2012, he was drawn by the company’s famously open culture, where employees can publicly criticize leadership and are encouraged to embrace their racial identity and sexual orientation while at work. He said certain political positions, like support for Black Lives Matter or Ukraine, were usually…
The Consumer Financial Protection Bureau wants to extend its watchdog powers to cover digital wallets and payment apps run by companies like Apple, Google, PayPal and Block, which do not have traditional banking operations. The bureau proposed a new rule on Tuesday that would subject large companies — those that process more than five million…
After lending $1.3 trillion to developing countries, mainly for big-ticket infrastructure projects, China has shifted its focus to bailing out many of those same countries from piles of debt. The initial loans were mostly part of the Belt and Road Initiative, which Xi Jinping, China’s top leader, started in 2013 to build stronger transportation, communications…