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NYT Business
Financial, tech, media and other business news from The New York Times.
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NYT Business 25m
Most of the 200,000 to 300,000 pot jobs are on the lower end of the pay scale, consisting of rote agricultural work like plant trimming ($10 to $15 an hour) and “budtenders” (about $25,000 a year), who help customers decide what kind of cannabis they want.
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NYT Business 52m
Since Lyft’s I.P.O. the stock has skidded below its offering price, and other companies that are going public have grown conservative on pricing. At $90 billion, Uber would nonetheless be the third-largest American I.P.O. in the last 10 years.
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NYT Business 1h
An F.T.C. fine that could go as high as $5 billion could be just the start of Facebook's run-ins with regulators as officials around the world scrutinize the company.
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NYT Business 2h
Sweetgreen and Amazon Go stores, which had been at the forefront of cashless transactions, have reversed course and will accept legal tender
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NYT Business 2h
Broadly facing criticism about overpriced and superfluous projects, China is reshaping and retooling its grand infrastructure plan, known as the Belt and Road Initiative. China’s efforts are intended to present a friendlier face to global leaders.
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NYT Business 3h
Jobs in the industry come with a few caveats. Because cannabis is illegal from the federal perspective, noncitizens should probably stay away for now. If you’re collecting a federal pension, you should consult a financial adviser to see if it’s at risk.
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NYT Business 4h
Deutsche Bank and Commerzbank called off their merger talks Thursday. What next? Our notes that the status quo is not an option for either Frankfurt bank.
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NYT Business 5h
First it was Apple. Then Amazon. Now, it's Microsoft's turn.
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NYT Business 5h
Although cannabis remains illegal on the federal level, 33 states now allow its sale at least for medical purposes and 10 have legalized recreational use. The marijuana industry has become one of the country’s fastest-growing job sectors.
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NYT Business 6h
Regulators on four continents are preparing for a long-awaited showdown with Facebook. They largely have the same goal: changing the social media company’s behavior. Figuring out how is the hard part.
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NYT Business 6h
Amazon is planning to spend $800 million to make one-day Prime shipping more widely available
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NYT Business 7h
That would still be above the $76 billion it was appraised at in its most recent private fund-raising in August.
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NYT Business 7h
William E. McGlashan Jr., who was fired by the investment giant TPG Capital over his alleged role in a huge college admissions scandal, introduced colleagues on the firm’s deal team to the scheme’s ringleader but nothing came of the contact, TPG said.
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NYT Business 8h
It's not just Microsoft. Big tech has been staging a big comeback.
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NYT Business 9h
Morgan Stanley settles its last government lawsuit stemming from the 2008 financial crisis
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NYT Business 9h
The journalists, their lawyers and media freedom organizations have denounced the trial as politically motivated
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NYT Business 9h
As a backlash grows against cashless stores, which critics say are exclusionary by design, Sweetgreen and Amazon Go said they would start taking cash
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NYT Business 10h
Facebook’s weak privacy safeguards prevented it from protecting the personal data of millions of users, Canadian regulators said
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NYT Business 11h
New York's attorney general plans to open an investigation into how Facebook collected the email address books of 1.5 million new users.
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NYT Business retweeted
rat king 11h
news: NY Attorney General opening investigation into Facebook's latest privacy snafu: FB harvested the email contact lists of at least 1.5 million of its users without their express knowledge or consent
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