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NYT > Business
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Egg Prices Jump Before Holidays as Bird Flu Spreads
Costs have soared again amid a bird flu outbreak, bringing renewed attention to the fact that while inflation is cooling, prices are still elevated.
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For Syria’s Economy, the Way Forward Starts With Sanctions Relief
Years of strife ruined the energy sector, battered the currency and strangled growth. The West must ease financial controls to help the economy, experts say.
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From Inflation to Bitcoin, 9 Charts That Explain 2024
Rate cuts, stock surges, and Trump’s tariff threats are among the biggest forces shaping business and the economy.
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How to Keep ‘People Pleasing” From Ruining Your Finances
Spending money to avoid conflict or gain social acceptance can ruin your finances. Some self-reflection and support from professionals can help turn things around.
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Starbucks Workers Strike in LA, Chicago, Seattle
The walkouts in Los Angeles, Chicago and Seattle come after talks between the company and the workers’ union failed to produce an agreement on raises.
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Amazon Has Overhauled Its Drone Delivery. Will the Public Welcome It?
A recent visit to the company’s overhauled drone delivery program in Arizona left me impressed by the drones, but skeptical that the public will welcome them.
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How Netflix’s ‘Culinary Class Wars’ Made Chef Anh Sung-jae a Star
Anh Sung-jae went to America as a 13-year-old, joined the Army, went to culinary school and opened a top restaurant in San Francisco. Now back home in South Korea, he’s a Netflix star.
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Rupert Murdoch’s Appeal to Alter Family Trust Faces Uphill Battle
Mr. Murdoch’s appeal over whether he can consolidate his son Lachlan’s power over his media empire is due just before Christmas.
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Why Kylie Kelce’s Podcast, ‘Not Gonna Lie,’ Is a Breakout Hit
But in her first interview since her podcast reached No. 1, she does share ideas about why the show has become a breakout hit.
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Undocumented Workers Take on Dangerous Jobs to Feed America
Undocumented workers help feed America’s hunger for prepared foods, but some take jobs with staffing agencies that expose them to hazardous conditions.
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Google Proposes Fix to Solve Search Monopoly
The search giant’s proposals included allowing flexibility for companies and consumers in choosing a search engine.
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Troy Masters, Pioneering L.G.B.T.Q. Journalist, Dies at 63
He was at the helm of several influential publications, notably Gay City News in New York City and, since 2017, The Los Angeles Blade.
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How a Government Shutdown Could Affect the Economy
A short lapse in funding would probably do only modest damage. But it could send a troubling signal about government dysfunction.
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The Other Game
At the DealBook Summit, seven sports stars and experts discussed how building a brand as an athlete has changed.
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Biden Withdraws Proposed Regulations on Student Loans and Trans Athletes
The decision to withdraw the regulations seemed to be an acknowledgment that they would go nowhere under the Trump administration.
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OpenAI Unveils o3 System That Reasons Through Math, Science Problems
The artificial intelligence start-up said the new system, OpenAI o3, outperformed leading A.I. technologies on tests that rate skills in math, science, coding and logic.
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Volkswagen Reaches Labor Deal, Avoiding Germany Plant Closures
The automaker agreed to keep all 10 of its factories in Germany open and to guarantee workers’ jobs until the end of 2030.
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Biden Administration Sues 3 Big Banks Over Zelle Fraud
Action against Bank of America, JPMorgan Chase and Wells Fargo may not survive President-elect Donald J. Trump’s return to office.
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Government Shutdown and Travel: What to Know About Flights, Passports and More
The failure to act by Congress could cause airport lines and other disruptions across the travel industry during a busy holiday travel period.
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How a New Year’s Resolution Can Set Up Financial Goals for Success
Don’t give up on resolving to do better, psychologists and personal finance experts say. The key is to reframe the way you think about it.
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Wall St. Is Making Irrelevant Predictions, Again
Optimistic guesses about the future are not forecasts, our columnist says.
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PCE Inflation, the Fed’s Preferred Measure, Sped Up in November
The Personal Consumption Expenditures index climbed 2.4 percent from a year earlier, though the report’s details were more subdued than expected.
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The Shutdown Crisis Leads to Questions About Who Is in Charge
Donald Trump has yet to take office but the president-elect and Elon Musk are already influencing policy, putting the federal government hours away from a shut down.
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Britannica, Onetime Encyclopedia Publisher, Pushes A.I. Tools
The encyclopedia maker could have become a casualty of the Wikipedia era. But it has remade itself into a digital learning giant that is weighing going public.
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Trump Tariffs? Europe Braces but Has No Clear Strategy
The incoming president promised “tariffs all the way” unless Europe bought more U.S. oil and gas. European officials have no clear strategy for avoiding a trade war.
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Trump Puts $4 Billion in Shares of His Media Company in a Trust
A regulatory filing showed that the president-elect transferred some 115 million shares of Trump Media to a trust controlled by his son Donald Trump Jr.
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Macau Is the Casino Capital of the World. For China, That’s Not Enough.
A quarter century after the former Portuguese colony was made a Chinese territory, Macau’s economic boundaries with the mainland are being blurred.
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Neil Cavuto, Longtime Fox News Host, Signs Off the Network
“Your World with Neil Cavuto” was shown in the 4-5 p.m. slot for 28 years, since the network began in 1996.
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Amazon Reaches Settlement to Resolve Federal Safety Accusations
The Occupational Safety and Health Administration agreed to withdraw citations at nine of 10 warehouses where it had flagged violations; the company agreed to a $145,000 penalty.
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Artificial Intelligence in 2030
At the DealBook Summit, ten experts in artificial intelligence discussed the greatest opportunities and risks posed by the technology.
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American Airlines Settles Racial Discrimination Case
Three Black men had accused the airline of wrongly forcing them to get off a plane for an hour because of a complaint about body odor.
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William J. Hennessy Jr., Sketch Artist of Courtroom Drama, Dies at 67
His lively drawings of historic Supreme Court arguments, impeachment trials and murder cases gave the public a peek into venues where cameras were banned.
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Hidden ‘Junk’ Fees Must Be Disclosed, F.T.C. Rule Says
Hotels, short-term rentals and event ticket-sellers must advertise the full price of their offerings under the rule, which is supposed to go into effect in the coming year. Here’s what to know.
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What Are ‘Healthy’ Foods? New Rules for Labeling Are Issued.
The Food and Drug Administration released final rules on labeling foods as “healthy,” tightening limits for sugar, sodium and saturated fat.
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Nvidia’s Global Chips Sales Could Collide With US-China Tensions
The chipmaker expects more than $10 billion in foreign sales this year, but the Biden administration is advancing rules that could curb that growth.
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Trump Tossed a Debt Limit Grenade Into Spending Talks. Here’s Why.
President-elect Donald J. Trump was forced to negotiate with Democrats over the borrowing cap during his first term.
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Amazon Delivery Drivers at Seven Hubs Walk Out
The retail giant said it expected its operations to be largely unaffected by the strike of some drivers at contracting firms Amazon uses to deliver packages.
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Washington and the Markets are Feeling the President-elect Effect
The President-elect takes office in a month, but his influence on policy is already being felt by investors and across Washington.
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Publishers Battle for the C-Suite
Numerous media outlets, looking for new lucrative lines of business, are pursuing newsletters and events aimed specifically at top executives.
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Bank of England Holds Rates as U.K. Inflation Rises Amid Economic Uncertainty
Stubborn inflation, tax rises and high interest rates make it difficult for many to muster optimism, at least in the short term.
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Where Does a ‘Remarkable’ U.S. Economy Go From Here?
America’s economy is far outstripping its peers, but there are serious risks, including from the president-elect.
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NBA Star Luka Doncic Debuts Foundation Focused on Youth Basketball
The N.B.A. star is worried that for too many youth basketball players, the sport is no longer fun. He’s trying to find ways to change that.
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G.M. Led in China for Years. Here’s How It Ended Up 16th in Sales.
General Motors has gone from market leader to also-ran in the world’s largest car market, stymied by its own missteps and Chinese policies that favored its local rivals.
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Starbucks’ China Problem: Coffee Drinkers Want More for Less
For years, Starbucks was the dominant coffee chain in China. Now rivals offering local flavors and cheaper prices are crushing the company’s bottom line in its second-largest market.
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The New Politics
At the DealBook Summit, nine prominent political figures, advisers and journalists debated what drove Trump’s victory and what it means for politics going forward. Here’s what they said.
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Stocks Plunge as Fed Forecasts Fewer Rate Cuts Next Year
The Federal Reserve cut rates for a third time this year, but investors shuddered at revised forecasts suggesting only two cuts in 2025.
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California Declares an Emergency Over Bird Flu in Cattle
Officials have discovered the virus in 645 dairy herds, more than in any other state so far.
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Under Pressure, Hyundai Supplier Ends Alabama Prison Labor Contract
The supplier fired dozens of prisoners after some of them said they felt they had no choice but to take those jobs.
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Global Central Banks Gird Themselves for Another Trump Term
Central bankers are alert to the risk that global trade tensions will make managing inflation more challenging.
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How Fed Rates Influence Mortgages, Credit Cards, Savings and More
Here’s how the central bank’s interest rate moves influence car loans, credit cards, mortgages, savings and student loans.
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How to Read the Fed’s ‘Dot Plot’ Projections Like a Pro
The Federal Reserve will release fresh economic estimates on Wednesday. Here’s how to read the outlook for 2025 and beyond.
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David Bonderman, Co-Founder of Private Equity Giant TPG, Dies at 82
A globe-trotting lawyer turned investor, he helped transform a cottage industry into a colossus with influence on Wall Street and beyond.
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American Kitchens Face an Uncertain Mix: Olive Oil and Tariffs
Trump hasn’t said whether he’ll move against imported foods, but the effects on oil producers and consumers are already being debated.
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Is Elon Musk a National Security Risk?
Federal agencies are reviewing whether the tech mogul and ally of Donald Trump complied with disclosure rules meant to protect state secrets.
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Giving Pledge Group, Led by Gates and Buffett, Removes Billionaire Accused of Fraud
Arif Naqvi, founder of the Abraaj Group, a Dubai-based private equity firm that collapsed in 2018, was indicted by U.S. prosecutors in 2019.
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Fed Cuts Interest Rates, but Projects Fewer Reductions in 2025
Federal Reserve officials projected just two rate cuts in 2025, and they made it clear that future reductions would hinge on inflation progress.
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