S&P 500 Pushes Past Previous Record After Inflation Report
Wall Street is back in rally mode, with investors seizing on the latest sign that interest rates could begin to fall this year. The S&P 500 rose 1.2 percent on Wednesday, adding to three straight weeks of gains and climbing above its previous record, set on March 28. It marks a sharp shift from the […]
Netflix and the N.F.L. Sign a Three-Season Deal
Netflix is no longer simply in the “sports-adjacent” business. On Wednesday, the streaming giant announced a three-season deal with the National Football League that will include showing two Christmas Day games on its service this year. It’s the first time Netflix has become partners with a major sports league, and it likely won’t be the […]
CNN and ABC Snag the Presidential Debates
All of a sudden on Wednesday morning, the TV booking of the year was up for grabs. Since 1987, presidential debates have been simulcast on every major channel in the country. But President Biden’s shock announcement that he would skip this fall’s preplanned matchups in favor of debates sponsored by individual news outlets sent network […]
Frank McCourt Starts Effort to Buy TikTok
Ever since Congress passed a bill that would force the Chinese company ByteDance to sell or shut down TikTok, one of the biggest questions has been: Who could buy it, given technological, political and financial considerations? The billionaire Frank McCourt has put up his hand. Mr. McCourt said Wednesday that he was working to put […]
AI Program Aims to Break Barriers for Female Students
Over the last 10 months, Chelsea Prudencio, a junior at Baruch College in Manhattan, got a crash course in artificial intelligence through a new program for lower-income, Latina and Black young women majoring in computing. As part of the program, called Break Through Tech A.I., Ms. Prudencio completed an intensive class developed by Cornell Tech […]
Trump Media Stock Rally Pushes Value of Trump’s Stake to $6 Billion
Shares of former President Donald J. Trump’s social media company have been on a wild ride since making their debut on Wall Street in March: soaring, crashing and then climbing again. The rally has pushed the value of Mr. Trump’s majority stake in the company to some $6 billion, a major windfall as he ramps […]
Democrats Batter Bank Regulator Over F.D.I.C.’s ‘Toxic’ Workplace Culture
Martin Gruenberg is still the leader of the Federal Deposit Insurance Corporation, an agency that supervises U.S. banks, but after a bipartisan grilling on Wednesday by members of a House committee overseeing bank regulators, he appeared to be hanging on by a thread. Democrats expressed dismay over his responses to the crisis at his agency, […]
What the F.A.A. Bill Means for Travelers
Automatic refunds for significant flight disruptions, fee-free family seating and accessibility improvements. Those are among the benefits for travelers in the bill to reauthorize the Federal Aviation Administration for five more years, which Congress passed on Wednesday. After months of back and forth, and several short-term extensions, it will now head to President Biden’s desk […]
Education Dept. Extends Deadline to Consolidate Student Loans for Forgiveness
More than two weeks after a deadline passed for federal loan borrowers seeking debt relief, the Education Department has extended the offer, giving millions of borrowers a fresh shot at aid. The department said on Wednesday that borrowers would now have until June 30 to consolidate commercially held education debt under the Federal Family Education […]
YouTube Blocks ‘Glory to Hong Kong’ in the City
YouTube said on Tuesday that it would comply with a court order to block users in Hong Kong from viewing a popular democracy anthem, raising concerns about free speech and highlighting the increasing fraught environment for tech companies operating in the Chinese territory. Last week, a Hong Kong court granted a government request to ban […]