Business
Times Square at Its Overcrowded, Dizzying Worst Is Exactly What N.Y.C. Needs

The sensory-overloaded tower will offer visitors the chance to do quite a lot, all in one place: They will be able to sing along with a hologram of their favorite pop star, spend their cryptocurrency, marvel at ever-changing digital art on the walls and dine on a 10,000-square-foot outdoor terrace. It will be an enviable […]

Updated: May 28, 2022
The Texas Law That Has Banks Saying They Don’t ‘Discriminate’ Against Guns

Four years ago, JPMorgan Chase joined some of the nation’s largest banks in publicly distancing itself from the firearm industry after a mass shooting in Parkland, Fla., left 17 people dead. JPMorgan’s relationships with gunmakers “have come down significantly and are pretty limited,” Marianne Lake, then the bank’s chief financial officer, told reporters. “We do […]

Updated: May 28, 2022
Ron Rice, Creator of Hawaiian Tropic Lotion, Is Dead at 81

Ron Rice, a high school chemistry teacher who had been trained to explore for oil, but who instead made a fortune by concocting coconut-laced suntan lotion in a 20-gallon garbage can in his garage and seductively branding it Hawaiian Tropic, died on May 19 in Daytona Beach, Fla. He was 81. His death, in a […]

Updated: May 27, 2022
Is the Stock Market a Shy Bear, or Will It Become a Monster?

Mr. Bailey said he might take that approach, investing a set sum every month, so that he felt better if the market went into a protracted decline. “It might feel like I’m getting some bargains that way,” he said. Are these prices really bargains? Brian deWit of Memphis said he had been through major market […]

Updated: May 27, 2022
A Face Search Engine Anyone Can Use Is Alarmingly Accurate

He kept in touch with the founders, he said, and watched as PimEyes began getting more and more attention in the media, mostly of the scathing variety. In 2020, PimEyes claimed to have a new owner, who wished to stay anonymous, and the corporate headquarters were moved from Poland to Seychelles, a popular African offshore […]

Updated: May 26, 2022
With WMware deal, Broadcom reaches for the cloud

The move comes as Tesla’s stock price has fallen some 30 percent, to just under $660, over the past month. And it highlights Musk’s commitment to the Twitter deal, even as he continues to rail against the company. Shares of Twitter are up 10 percent on the news, but at $39, remain well below the […]

Updated: May 26, 2022
Stocks, Fed Minutes and Inflation: Live Business News

Jerome H. Powell, the Federal Reserve chair, has made clear that economic conditions remain uncertain and that the central bank may need to change course on interest rates depending on how things evolve.Credit…Alex Brandon/Associated Press Federal Reserve officials agreed at their last meeting that the central bank needed to move “expeditiously” to bring down the […]

Updated: May 25, 2022
Gun Stocks Are Muted in Early Trading

The share prices of gun and ammunition companies often rise after mass shootings, with investors anticipating a spike in sales ahead of calls for stricter gun laws. But on Wednesday, the morning after a deadly shooting at an elementary school in Uvalde, Texas, premarket prices for major gun stocks were mixed, with Smith & Wesson […]

Updated: May 25, 2022
Latest Stock Market and Business News: Live Updates

Treasury Secretary Janet L. Yellen said that Russia’s ability to borrow had already essentially been cut off.Credit…Sarahbeth Maney/The New York Times WASHINGTON — The Biden administration will start blocking Russia from paying American bondholders, increasing the likelihood of the first default of Russia’s foreign debt in more than a century. An exemption to the sweeping […]

Updated: May 24, 2022
Latest Economy, Stocks and Business News for May 23, 2022

Google Maps uses more than 200 employees of Cognizant Technology Solutions, which wants them to start working five days a week in Bothell, Wash., next month.Credit…Andrew Testa for The New York Times Google Maps contract employees who are required to return to their office in Washington State recently circulated a petition to keep working from […]

Updated: May 24, 2022