Business

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…

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.

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…

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.…

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…

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…

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…

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.

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,…

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…

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