BUSINESS

Spotify Valued at Around $30 Billion on First Day of NYSE Trading

Spotify has surpassed expectations. On Tuesday, the world’s leading streaming service opened on the New York Stock Exchange at $165.90 a share, putting...

EPA chief Scott Pruitt’s rental of lobbyist’s condo being investigated

WASHINGTON — The White House is reviewing Environmental Protection Agency chief Scott Pruitt’s activities after reports he paid below the market...

Fuel efficiency standards put EPA on collision course with California

WASHINGTON — The Trump administration’s rejection on Monday of an Obama-era plan to make automobiles more fuel efficient opens up a long process to...

Diddy Working on App That Makes It Easier to Find Black-Owned Businesses

As Diddy looks ahead a to a “re-imagining” of his Sean John clothing line, GQ has given him the honor of being on the latest Style Bible...

Snapchat Stock Drops $800 Million After Rihanna Blasts Controversial Ad

Snapchat can’t stop losing. Earlier this week, the popular app faced serious backlash after posting an ill-conceived advertisement that appeared to make...

iHeartMedia Files for Bankruptcy With More Than $20 Billion in Debt

Late Wednesday night, radio conglomerate iHeartMedia filed for Chapter 11 bankruptcy protection to mitigate its overwhelming debt, according to Variety....

Trump Summons Steel and Aluminum Executives to White House Ahead of Potential Tariffs

Our Steel and Aluminum industries (and many others) have been decimated by decades of unfair trade and bad policy with countries from around the world. We...

DealBook Briefing: 2 Meetings With Jared Kushner, and $509 Million in Loans

Mr. Kushner, his family business, Apollo and Citi all said that nothing improper had happened. But the meetings raise questions about how the Kushner...

With Eye on BMW Alliance, Daimler to Buy Partner’s Stake in Car2Go

BMW began its first car-sharing service, DriveNow, in Europe in a joint venture with the rental car company Sixt; it now has about 875,000 members for the...

No Pension? You Can ‘Pensionize’ Your Savings

Mr. Vernon and two colleagues think they have a workable solution, developed in collaboration with the Society of Actuaries and outlined in a report in...

Latest Business News

Spotify Valued at Around $30 Billion on First Day of NYSE Trading

Spotify Valued at Around $30 Billion on First Day of NYSE Trading

Spotify has surpassed expectations. On Tuesday, the world’s leading streaming service opened on the New York Stock Exchange at $165.90 a share, putting the company’s value at $29.5 billion. According to TechCrunch, the NYSE had set a “reference price” of $132 per...

Snapchat Stock Drops $800 Million After Rihanna Blasts Controversial Ad

Snapchat Stock Drops $800 Million After Rihanna Blasts Controversial Ad

Snapchat can’t stop losing. Earlier this week, the popular app faced serious backlash after posting an ill-conceived advertisement that appeared to make light of domestic violence. The ad was for a game called “Would You Rather?” and presented users with the following...

iHeartMedia Files for Bankruptcy With More Than $20 Billion in Debt

iHeartMedia Files for Bankruptcy With More Than $20 Billion in Debt

Late Wednesday night, radio conglomerate iHeartMedia filed for Chapter 11 bankruptcy protection to mitigate its overwhelming debt, according to Variety. The bankruptcy is joined by a plan to ease their debt load through negotiations with creditors. “The agreement we...

With Eye on BMW Alliance, Daimler to Buy Partner’s Stake in Car2Go

With Eye on BMW Alliance, Daimler to Buy Partner’s Stake in Car2Go

BMW began its first car-sharing service, DriveNow, in Europe in a joint venture with the rental car company Sixt; it now has about 875,000 members for the service. In January, BMW bought out Sixt from DriveNow, which was seen as one step on the road to an alliance....

No Pension? You Can ‘Pensionize’ Your Savings

No Pension? You Can ‘Pensionize’ Your Savings

Mr. Vernon and two colleagues think they have a workable solution, developed in collaboration with the Society of Actuaries and outlined in a report in November: The “spend safely in retirement” strategy. It focuses mainly on middle-income people — those who have...

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Spotify Valued at Around $30 Billion on First Day of NYSE Trading

Spotify has surpassed expectations. On Tuesday, the world’s leading streaming service opened on the New York Stock Exchange at $165.90 a share, putting the company’s value at $29.5 billion. According to TechCrunch, the NYSE had set a “reference price” of $132 per...

EPA chief Scott Pruitt’s rental of lobbyist’s condo being investigated

WASHINGTON — The White House is reviewing Environmental Protection Agency chief Scott Pruitt’s activities after reports he paid below the market rate to live in a condo owned by a lobbyist who deals with issues overseen by the agency, the Wall Street Journal...

Fuel efficiency standards put EPA on collision course with California

WASHINGTON — The Trump administration’s rejection on Monday of an Obama-era plan to make automobiles more fuel efficient opens up a long process to weaken current standards and puts California and the federal government on a collision course over vehicle...

Diddy Working on App That Makes It Easier to Find Black-Owned Businesses

As Diddy looks ahead a to a “re-imagining” of his Sean John clothing line, GQ has given him the honor of being on the latest Style Bible cover. During the accompanying interview, Diddy—who was in full Love mode at the time—opened up about everything from...

Snapchat Stock Drops $800 Million After Rihanna Blasts Controversial Ad

Snapchat can’t stop losing. Earlier this week, the popular app faced serious backlash after posting an ill-conceived advertisement that appeared to make light of domestic violence. The ad was for a game called “Would You Rather?” and presented users with the following...

iHeartMedia Files for Bankruptcy With More Than $20 Billion in Debt

Late Wednesday night, radio conglomerate iHeartMedia filed for Chapter 11 bankruptcy protection to mitigate its overwhelming debt, according to Variety. The bankruptcy is joined by a plan to ease their debt load through negotiations with creditors. “The agreement we...

Trump Summons Steel and Aluminum Executives to White House Ahead of Potential Tariffs

Our Steel and Aluminum industries (and many others) have been decimated by decades of unfair trade and bad policy with countries from around the world. We must not let our country, companies and workers be taken advantage of any longer. We want free, fair and SMART...

DealBook Briefing: 2 Meetings With Jared Kushner, and $509 Million in Loans

Mr. Kushner, his family business, Apollo and Citi all said that nothing improper had happened. But the meetings raise questions about how the Kushner Companies is weighing down the political fortunes of President Trump’s son-in-law. Mr. Kushner has already had his...

With Eye on BMW Alliance, Daimler to Buy Partner’s Stake in Car2Go

BMW began its first car-sharing service, DriveNow, in Europe in a joint venture with the rental car company Sixt; it now has about 875,000 members for the service. In January, BMW bought out Sixt from DriveNow, which was seen as one step on the road to an alliance....

No Pension? You Can ‘Pensionize’ Your Savings

Mr. Vernon and two colleagues think they have a workable solution, developed in collaboration with the Society of Actuaries and outlined in a report in November: The “spend safely in retirement” strategy. It focuses mainly on middle-income people — those who have...

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