The New York Times – Business:
Blog
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The Fed’s new chairman is asking for advice.
The New York Times – Business:
Five new task forces are focused on topics that Kevin M. Warsh, the chairman of the Federal Reserve, has said are “central to the broad conduct of monetary policy.”
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Warsh to Reiterate Fed’s Pledge to Get Inflation Down
The New York Times – Business:
Kevin M. Warsh, since becoming chairman of the Federal Reserve, has declined to say whether he supports higher interest rates to tame price pressures.
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Big Banks Smash Earnings Records, but ‘Tectonic’ Risks Loom
The New York Times – Business:
The largest banks in the United States collectively raked in tens of billions of profits in the second quarter, despite the war in Iran and persistent inflation.
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Paramount vs. the States
The New York Times – Business:
An effort to block media giant’s planned takeover of Warner Bros. Discovery underscores how states are taking a more active role in antitrust regulation.
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Chai Discovery, an A.I. Drug Start-Up, Raises $400 Million
The New York Times – Business:
The fund-raising values the company at $3.8 billion and underscores investor interest in using artificial intelligence to tackle problems like drug discovery.
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China Purges Top Official Over Corruption and Sex Charges
The New York Times – Business:
Ma Xingrui is the third member of the Politburo to be purged since 2022. He once led the Xinjiang region and was previously head of China’s space program.
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U.S. Workers Are More Productive Than Ever. And That’s Without A.I.
The New York Times – Business:
Companies have been getting more out of employees for several years. Tight labor markets, digitization and remote work are among the reasons.
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How a Promising Navy Drone Boat Program Got Mired in Politics
The New York Times – Business:
Navy acquisition reforms upended a $2.1 billion contract competition. When it was over, several companies with ties to the Trump administration had made the cut.