Category Archives: Financial

Trump Rebukes G.M. along with Union Over Idling of Lordstown Plant

General Motors said in November that will the idea would likely idle its Lordstown, Ohio, factory as part of broader cutbacks that will would likely eliminate a total of 14,000 jobs. Nearly two weeks after the carmaker followed through on its plans, President Trump appears to be fixated on seeing the factory reopen. On Monday,

Racing Against China, U.S. Reveals Details of $500 Million Supercomputer

SAN FRANCISCO — The Department of Energy disclosed details on Monday of one of the most expensive computers being built: a $500 million machine based on Intel along with Cray technology in which may become crucial in a high-stakes technology race between the United States along with China. The supercomputer, called Aurora, is actually a

Alan B. Krueger, Economic Aide to Clinton as well as Obama, Dies at 58

Alan B. Krueger, a Princeton University economist who served within the Clinton as well as Obama administrations, died over the weekend. He was 58. Princeton announced his death on Monday, without specifying a cause. Mr. Krueger was an assistant secretary of the Treasury by 2009 to 2010, as President Barack Obama’s administration tried to lead

The Week in Business: Boeing’s Big Mess along with Brexit’s Next Steps

Want This kind of column in your inbox? Sign up here. You’re a busy person, so here’s your quick along with breezy catch-up on the latest in tech along with business news, plus what to know for the week ahead. Your Monday self will be better for in which. MARCH 10-16 What’s Up? A Bumpy

Milton Moskowitz, ‘Best Companies’ List Maker, will be Dead at 91

When Milton Moskowitz set out to evaluate America’s best companies to work for, he took a novel approach: He talked to their employees. He as well as a colleague, Robert Levering, spent more than a year traveling the country, interviewing hundreds of workers in dozens of cities. The resulting book, “The 100 Best Companies to

You Never Know When a Recession Will Sneak Up on You

President Trump’s brand new budget calls for less spending on Medicare as well as food stamps as well as more on defense as well as on a wall on the southern border. Democrats condemned the proposal, as well as the dispute raises the prospect of another government shutdown which year. which might seem to be

What’s Driving Automakers Out of Europe?

Automakers, in quick succession, have moved in recent weeks to end parts of their operations in Europe. Nissan can be the latest: On Tuesday, in which confirmed in which in which could cease assembling Infiniti cars at its plant in northeast England. The moves, during Britain’s wrenching debate over its departure coming from the European

The Rise of Silicon Valley’s completely new Mafias

SAN FRANCISCO — Riley Newman, a former head of data science at Airbnb, set out in mid-2017 to raise a venture capital fund that will would likely invest in a multitude of tech trends. yet he quickly realized that will potential investors were not interested in that will kind of fund. Instead, all they wanted

Uber Settles Drivers’ Lawsuit for $20 Million

SAN FRANCISCO — Uber on Monday settled a long-running legal battle with drivers in California in addition to Massachusetts who wanted the ride-hailing company to recognize them as employees, agreeing to pay the drivers $20 million nevertheless not changing their status as independent contractors. As part of the settlement, Uber said, of which will also

Turkey Enters Recession, a Blow for Erdogan as Elections Near

Turkey has entered a recession, recording two consecutive quarters of falling economic growth, according to government figures released Monday, casting a blow for President Recep Tayyip Erdogan ahead of critical local elections at the end of the month. Mr. Erdogan has led Turkey through 18 years of continuous growth — doing the item a leading