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home : ny times rss feeds : global business February 17, 2019

In Amazon Fight, Progressives Showed What They Want: A New Economic Agenda
The clash has consequences beyond New York, going to the heart of a national debate likely to dominate the 2020 election: What is the best way to spread prosperity?... More >>

Brexit: For Wall Street Banks in London, It’s Moving Time
One thing is clear about the legacy of Brexit: Financial services will be spread across Europe, with no one city again dominating the financial arena as London has.... More >>

your taxes 2019: The 8 Most Common 2019 Tax Return Questions, Answered by Experts
The most important changes to the tax code in decades have taken effect — and filers are confused. We asked CPAs and other tax-prep pros to simplify things.... More >>

Your Taxes 2019: They’re Rich and They’re Mad About Taxes (Too Low!)
An affluent few are raging against a tax law that puts more money — a lot more — in their pockets. Friends call them ‘traitors to their class.’... More >>

Watch Out. Tax Season Is Even More Stressful Than Usual.
With millions of people filing tax returns under a new tax law and after a long government shutdown, this is a challenging year. We offer survival tips and extensive coverage.... More >>

The Strange Experience of Being Australia’s First Tech Billionaires
In a country where wealth usually comes from mining or banking, Scott Farquhar and Mike Cannon-Brookes of Atlassian are a new kind of mogul. And they’re getting into politics.... More >>

Your Money: The Power of Raw, Honest Stories About Money
Gaby Dunn, Chanel Reynolds and Vicki Robin were born decades apart. But their books about money have a common thread: Talk about it way, way more often.... More >>

Payless Shoes to Shut All U.S. Stores and Wind Down Online Operation
The once-popular seller of inexpensive women’s footwear was a staple in many suburban shopping malls. But it struggled to stay relevant.... More >>

With Interest: The Week in Business: Amazon Breaks Up With New York, and Warren Buffett Takes Stock
Plus, tax season brings bad news, and the Fed offers more clues about its change of heart.... More >>

For Some 2020 Democrats, Rejection of Amazon Aligns With Liberal Policy Views
Candidates like Elizabeth Warren and Bernie Sanders were quick to praise New Yorkers who rebelled at the idea of giving tax breaks to a huge corporation.... More >>

A Man in Florida Mistakenly Received a $980,000 Tax Refund, and Officials Say He Tried to Keep It
An incorrect tax return led to a huge check for a 29-year-old resident of Tampa, Fla., according to a forfeiture complaint filed by the federal government.... More >>

A Mother Learns the Identity of Her Child’s Grandmother. A Sperm Bank Threatens to Sue.
The results of a consumer genetic test identified the mother of the man whose donated sperm was used to conceive Danielle Teuscher’s daughter. Legal warnings soon followed.... More >>

All Oscars Will Be Shown Live, Academy Says in a Reversal
Four Academy Awards were going to be handed out during commercial breaks and aired later in a shorter form, but an uproar forced the latest retreat by the organization behind the show.... More >>

Big Investors Shed Tech Stocks as Markets Tumbled Last Quarter
The sell-off is the latest evidence of how quickly investors soured on Big Tech late last year.... More >>

Trump Sings Praises of Hannity and Limbaugh in Rose Garden
The president spoke less glowingly of his onetime supporter Ann Coulter and revived his “fake news” mantra in a reply to Jim Acosta of CNN.... More >>

U.S. Airlines to Offer New Gender Options for Non-Binary Passengers
American, Delta and United are among the carriers planning to allow passengers to choose something other than ‘male’ or ‘female’ when buying their tickets.... More >>

your taxes 2019: ‘Opportunity Zones’ Offer Tax Breaks and, Maybe, Help for Communities
By enabling investors to postpone paying the tax man, new funds may draw money into distressed communities. But succeeding at both may be challenging.... More >>

Why the Amazon Deal Collapsed: A Tech Giant Stumbles in N.Y.’s Raucous Political Arena
The company, long accustomed to deferential treatment from localities, badly misjudged how it would be received in the city, according to dozens of interviews.... More >>

Wealth Matters: You Want to Buy Art. Is It About Love or Money?
Collectors offer advice on how to buy fine art, and when to sell it.... More >>

As Uber Prepares for I.P.O., Its Losses Pile Up
The ride-hailing giant said that excluding certain costs, its losses increased significantly in the fourth quarter of 2018.... More >>

U.S. Private Equity Investor Detained in Moscow on Fraud Charges
Michael Calvey, founder of one of the biggest and oldest investment firms in Russia, was detained on Friday along with five other.... More >>

Northern Virginia Is Keeping Amazon’s 25,000 Jobs, and Wants You to Know It
The region has its act together and knows what it is doing, officials said.... More >>

Toys ‘R’ Us Tries to Rise From the Ashes. Wary Partners Try Not to Get Burned.
The company’s liquidation last year left many people in the toy industry bitter. Now, an attempted comeback is being met with skepticism.... More >>

Your Money Adviser: Tempted by Holiday Car Sales? Be Ready for Higher Prices
Part of the increase in cost is the result of the “trickle-down” of luxury features, one car expert says. Safety features are also adding to the price.... More >>

Amazon Invests in Rivian, a Tesla Rival in Electric Vehicles
The deal is the latest example of how the auto industry is being reshaped by new technologies and nimble companies that have raced ahead of many traditional carmakers.... More >>

Bits: The Week in Tech: A Break From Consumer Tech
What kinds of companies will be the next so-called unicorns? A hint: Many of them won’t have much in common with Uber or Airbnb.... More >>

DealBook Briefing: The Bigger Picture Behind Amazon Ditching N.Y.
The company’s decision could be a turning point for corporate-civic relations in the U.S. and a sign that leftist views are gaining traction.... More >>

your taxes 2019: All Talk, Little Action: What to Expect on Tax Policy This Year
Don’t count on big changes. But the heated debates in Congress and on the 2020 campaign trail give clues about legislation to come.... More >>

Flights at Dubai Airport Halted Over ‘Drone Activity’
Departing flights were suspended for about half an hour on Friday morning at the airport, one of the busiest in the world.... More >>

Burning Man, Seeking to Change ‘Convenience Culture,’ Boots Camp for Wealthy
The chief executive said she had warned 12 camps and disinvited one from the annual event where attendees create music and art in the Nevada desert.... More >>

China and U.S. to Continue Trade Talks Next Week
Both sides said “progress” had been made in the talks but deep disagreements remain ahead of the March deadline set by leaders of both countries.... More >>

Facebook Fine Could Total Billions if F.T.C. Talks Lead to a Deal
The social media company is in discussions with regulators over claims that it violated a 2011 consent decree regarding user privacy.... More >>

Amazon and New York Unions Had ‘Productive Meeting,’ Then Came a Shock
Labor groups aiming to organize a Staten Island warehouse were in talks with the company a day before it abandoned plans for a Queens headquarters.... More >>

In the End, Amazon Didn’t Win Its Own Subsidy Game
Economists have long criticized tax breaks to corporations; politicians and the public may be starting to share their skepticism.... More >>

What People Are Saying About Amazon’s Breakup With New York City
Almost everyone had an opinion on the company’s reversal on a second headquarters in Queens.... More >>

Maryland Rye Whiskey Has Finally Returned. But What Was It in the First Place?
Distillers say they’ve revived a long-lost favorite, but they face a conundrum: Nobody really knows how the old stuff was made.... More >>

Pittsburgh Post-Gazette Journalists Say Publisher Threatened Them in a Tirade
Employees said that John Robinson Block was “totally out of control” when he appeared in the newsroom on Saturday night. Management and workers are in the midst of protracted contract talks.... More >>

The Shift: For Once, Amazon Loses a Popularity Contest
Amazon’s pullout poses a challenge to one of the company’s bedrock beliefs: that being loved by customers is all that matters.... More >>

Former Goldman Sachs Banker Charged in 1MDB Fraud Will Return to U.S.
Roger Ng, a deputy of the former Goldman Sachs partner Tim Leissner, will face bribery and money-laundering charges in Brooklyn federal court.... More >>

XPO Logistics Will Close Warehouse Where Some Pregnant Workers Miscarried
XPO said more than 400 employees would lose their jobs in April. The New York Times had reported on workers’ miscarriages and complaints of discrimination at the Memphis warehouse.... More >>

Student Loan Servicers’ Frequent Mistakes Went Unpunished, Audit Finds
The Education Department failed to effectively manage its student loan collectors, a government audit said, increasing costs for borrowers and taxpayers.... More >>

The Instant, Custom, Connected Future of Medical Devices
3D-printed and “smart” pharmaceuticals are making medical treatments more effective. But it may take years before the new devices reach most patients, if they do at all.... More >>

Amazon Pulls Out of Planned New York City Headquarters
Its plan to build a sprawling complex in Queens in return for nearly for $3 billion in government incentives had come under fierce opposition from local lawmakers.... More >>

Beware the Brexit Monster: Dutch Businesses Get a Furry Blue Warning
The Netherlands created the mascot as part of a set of business resources to avoid having “Brexit get in your way.”... More >>

JPMorgan Chase Moves to Be First Big U.S. Bank With Its Own Cryptocurrency
The firm’s new digital token, JPM Coin, is another step in Wall Street’s evolving approach to using blockchain, the technology behind digital currencies.... More >>

Fashion review: Marc Jacobs and the Ghosts of Fashion Past and Future
New York Fashion Week came to a haunting end. But first there were Michael Kors and Barry Manilow!... More >>

Supercars That Will Still Put a Big Dent in Your Wallet but Not Drain It
A car more super than the Lamborghini you once pinned to your wall can be had for half of what that Countach cost — obviously not cheap, but down from the stratosphere.... More >>



Editor, John C. DePrez Jr.; Executive Editor, Carol Rogers; Publishers: IBRC and IAR


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