Business
Meta Will Give Researchers More Information on Political Ad Targeting

Meta, which owns Facebook and Instagram, said that it planned to give outside researchers more detailed information on how political ads are targeted across its platform, providing insight into the ways that politicians, campaign operatives and political strategists buy and use ads ahead of the midterm elections. Starting on Monday, academics and researchers who are […]

Updated: May 23, 2022
Kushner’s and Mnuchin’s Quick Pivots to Business With the Gulf

Shortly before the 2020 election, Trump administration officials unveiled a U.S. government-sponsored program called the Abraham Fund that they said would raise $3 billion for projects around the Middle East. Spearheaded by President Donald J. Trump’s son-in-law and adviser Jared Kushner, the fund promised to capitalize on diplomatic agreements he had championed between Israel and […]

Updated: May 22, 2022
The Week in Business: Stocks Fall

What’s Up? (May 15-21) Another Week, Another Decline in Stocks Stocks slid into bear market territory on Friday, the insider term for a drop of 20 points or more from an index’s last peak, before closing slightly up for the day. Even so, the market continued a long streak of losses with the seventh consecutive […]

Updated: May 22, 2022
Latest Economy, Stocks and Business News for May 19, 2022

BERLIN — The Biden administration is developing plans to further choke Russia’s oil revenues with the long-term goal of destroying the country’s central role in the global energy economy, current and former U.S. officials say, a major escalatory step that could put the United States in political conflict with China, India, Turkey and other nations […]

Updated: May 20, 2022
White House Struggles to Explain Baby Formula Production Plan

WASHINGTON — Biden administration officials on Thursday said that a baby formula shortage would continue at least into next month, leaving desperate parents continuing to search for ways to feed their infants even as President Biden and his aides defended their efforts to help restock empty shelves. Dr. Robert Califf, the head of the Food […]

Updated: May 19, 2022
Global Stocks Slide, Extending Wall Street Rout

Global stocks tumbled on Thursday following Wall Street’s worst day in nearly two years, amid growing concern about inflation’s impact on economic growth and company profitability. The Stoxx Europe 600 sank 2.3 percent, pulled lower by tech and consumer companies. Major indexes in European countries fell by more than 1 percent, with Britain’s FTSE 100 […]

Updated: May 19, 2022
Latest Economy, Stocks and Business News: Live Updates

Claims of racial discrimination and poor working conditions at Tesla’s factory in Fremont, Calif., prompted a lawsuit by a California state agency.Credit…Christie Hemm Klok for The New York Times Elon Musk called a prominent index of socially responsible companies a “scam” on Wednesday after it dropped Tesla because of the way the carmaker handled accusations […]

Updated: May 18, 2022
Inflation in Britain at Fastest Pace in 40 Years

Britain’s annual inflation rate jumped to 9 percent last month, the highest in 40 years, the Office for National Statistics said on Wednesday. The annual change in the Consumer Prices Index rose from 7 percent in March. Britons were braced for a steep rise in inflation in April following the reset in the government’s cap […]

Updated: May 18, 2022
U.S. Accuses Steve Wynn of Lobbying Trump on Behalf of China

The Justice Department sued Stephen Wynn, the former casino mogul, on Tuesday, seeking to force him to register as an agent of the Chinese government and saying he had made requests on the government’s behalf to Donald J. Trump when he was president. According to the lawsuit, Mr. Wynn passed along a request to Mr. […]

Updated: May 17, 2022
Yellen Calls on Europe to Boost Ukraine Aid

BRUSSELS — Treasury Secretary Janet L. Yellen urged European nations on Tuesday to step up their spending to support Ukraine as Russia’s attacks on the country’s critical infrastructure showed few signs of abating. The United States and Europe have coordinated closely in enacting sweeping sanctions against Russia in the nearly three months since its president, […]

Updated: May 17, 2022