Tag Archives: business-nytimes

Profits Rebound at Warren Buffett’s Berkshire Hathaway 

Berkshire reported earnings of $26.4 billion in the second quarter, a turnaround from its $49.7 billion loss in the first quarter, when the pandemic caused a plunge in the stock market.

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Millions of Evictions Are a Sharper Threat as Government Support Ends 

Without more federal aid for workers, experts are expecting the largest disruption to the housing market since the Depression.

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Without $600 Weekly Benefit, Unemployed Face Bleak Choices 

A federal supplement to jobless pay was a lifeline for millions and for the economy. Its cutoff, even if temporary, may have lasting consequences.

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Trump Targets WeChat and TikTok, in Sharp Escalation With China 

The government cited national security concerns in announcing sweeping restrictions on two popular Chinese social media networks, a move that is likely to be met with retaliation.

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Amid Dire Jobless Numbers, Small-Business Relief Program Nears End 

The Paycheck Protection Program provided respite for hard-hit small businesses, but it is ending soon. With no word on further government help, owners worry about their fate.

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New Unemployment Claims Decline, but Remain ‘Alarmingly High’ 

Nearly 1.2 million filed for state benefits last week, the lowest total since March, as economic readings offer only limited encouragement.

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From Minecraft Tricks to Twitter Hack: A Florida Teen’s Troubled Online Path 

The teenage “mastermind” of the recent Twitter breach, who had a difficult family life, poured his energy into video games and cryptocurrency.

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Lord & Taylor Files for Bankruptcy as Retail Collapses Pile Up 

The department store, which traces its roots to 1826, was struggling before the coronavirus hit. Its owner, the clothing rental start-up Le Tote, also filed for bankruptcy.

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Microsoft Said to Be in Talks to Buy TikTok, as Trump Weighs Curtailing App 

The discussions come as TikTok’s ownership by a Chinese company is under scrutiny by the White House and lawmakers.

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Why Is a Tech Executive Installing Security Cameras Around San Francisco? 

Chris Larsen knows that a crypto mogul spending his own money for a city’s camera surveillance system might sound creepy. He’s here to explain why it’s not.

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A Coffee Chain Reveals Flaws in the Fed’s Plan to Save Main Street 

Businesses that want to use the Federal Reserve’s Main Street program cannot, and many that can use it have better options in the private market.

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Hong Kong Security Law Sets Stage for Global Internet Fight 

As the city grapples with new restrictions on online speech, American tech giants are on the front line of a clash between China and the United States over the internet’s future.

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How Investors Are Addressing Racial Injustice 

Different strategies for socially responsible investing are working toward a similar goal: to pressure companies and municipalities to operate more equitably.

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The #Vanlife Business Is Booming 

Coronavirus is just a distant memory while zipping around in a several-hundred-thousand-dollar custom van on the open road.

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A Beverly Hills Hotel, Bought With Looted Money, Goes on Sale 

The Viceroy L’Ermitage Beverly Hills was owned by a fugitive financier involved in a $2.5 billion fraud. Interested? It’ll cost north of $100 million.

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