Business
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Why Are C.E.O.s Suddenly Obsessed With ‘Elasticity?’
From McDonald’s to Coca-Cola to Hershey, corporate executives lately are preoccupied with inflation and what it means to the bottom…
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Chinese Canadian Billionaire Sentenced to 13 Years for Financial Crimes
HONG KONG — Xiao Jianhua, the Chinese Canadian billionaire and onetime trusted financier to China’s ruling elite, was sentenced to…
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More Money for I.R.S. Spurs Conspiracy Theories of ‘Shadow Army’
WASHINGTON — It has been called President Biden’s “shadow army,” described as a strike force to shake down small businesses…
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Home sales dropped in July, the sixth month in a row.
Existing-home sales fell for the sixth-straight month in July, a new housing report showed, as higher mortgage rates continue to…
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CNN Cancels ‘Reliable Sources,’ and Host Brian Stelter Will Depart
CNN is canceling “Reliable Sources,” its long-running media affairs show, and the reporter who hosted it, Brian Stelter, is leaving…
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Scientists Boost Crop Performance by Engineering a Better Leaf
For decades, scientists have pursued a tantalizing possibility for bolstering food supplies and easing hunger for the world’s poorest: improving…
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In Search of Growth, Kohl’s Expands Sephora Shops to All Stores
Kohl’s said on Thursday that it planned to open Sephora shops in all of its 1,165 stores, positioning its beauty…
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Why Buying an Electric Car Just Became More Complicated
WASHINGTON — If you’re a well-paid lawyer eyeing an electric Rivian sport-utility vehicle, you might want to buy it before…
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The Fed Sees Housing Trouble Ahead
Far from a bust.Credit...Frederic J. Brown/Agence France-Presse — Getty ImagesThe Fed vs. the housing market Federal Reserve officials are ...
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They Lost Crypto in the Crash. They’re Trying to Get It Back.
David Little was starting to lose hope. Like thousands of other investors, he lost a large chunk of his cryptocurrency…