How a Millennial Estée Lauder Built a Widely Popular Beauty Brand
Karissa Bodnar played on her customers’ desire to belong to something bigger than … well, beauty. More information
U.S. Awards Chip Supplier $162 Million to Bolster Critical Industries
The Biden administration on Thursday announced plans to provide $162 million in federal grants to Microchip Technology, an Arizona-based semiconductor company that supplies the automotive, defense and other industries.The agreement…
Xerox to Cut 15% of Its Work Force in the First Quarter of 2024
Xerox said on Wednesday that it was cutting 15 percent of its work force as part of a restructuring, the company’s latest effort to shift focus to its business-services offerings…
U.S. and Europe Eye Russian Assets to Aid Ukraine as Funding Dries Up
The Biden administration is quietly signaling new support for seizing more than $300 billion in Russian central bank assets stashed in Western nations, and has begun urgent discussions with allies…
From A.I. to inflation, 11 business charts that explain 2023
It has been a confusing year for the economy and markets. At the start of 2023, economists largely predicted a global recession, and Wall Street was bearish on stocks, with…
Holiday Spending Increased, Defying Fears of a Decline
Despite lingering inflation, Americans increased their spending this holiday season, early data shows. That comes as a big relief for retailers that had spent much of the year fearing the…
New York Times Sues OpenAI and Microsoft Over Use of Copyrighted Work
The New York Times sued OpenAI and Microsoft for copyright infringement on Wednesday, opening a new front in the increasingly intense legal battle over the unauthorized use of published work…
Under Argentina’s New President, Fuel Is Up 60%, and Diaper Prices Have Doubled
Over the past two weeks, the owner of a hip wine bar in Buenos Aires saw the price of beef soar 73 percent, while the zucchini he puts in salads…
Red Sea Shipping Halt Is Latest Risk to Global Economy
The attacks on crucial shipping traffic in the Red Sea straits by a determined band of militants in Yemen — a spillover from the Israeli-Hamas war in Gaza — is…
Price Increases Cooled in November as Inflation Falls Toward Fed Target
A closely watched measure of inflation cooled notably in November, good news for the Federal Reserve as officials move toward the next phase in their fight against rapid price increases…