DealBook
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New York Times columnist @andrewrsorkin and his colleagues help make sense of major business and policy news — and the power-brokers who shape them.
New York, NY
Joined October 2008
In the weekend edition of the DealBook newsletter: New Texas laws open a Wild West for corporate governance. Plus, venture capital goes to the movies.
nytimes.com
The state has handed big business a series of legislative wins as it races to woo corporations from Delaware, including a law that helped pave the way for Elon Musk’s big Tesla payday.
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The S&P 500 has continued to hit new highs as strong corporate earnings, mostly stable tariff rates and the expectation of interest rate cuts have eased worries of a market reckoning.
nytimes.com
Strong corporate earnings, mostly stable tariff rates and the expectation of interest rate cuts have eased worries of a market reckoning.
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SpaceX, Elon Musk’s rocket and satellite internet company, relies on federal contracts, but years of losses have most likely let it avoid paying federal income taxes, according to internal company documents.
nytimes.com
Elon Musk’s rocket company relies on federal contracts, but years of losses have most likely let it avoid paying federal income taxes, according to internal company documents.
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Don’t touch your investments. That’s the simple, yet hard-to-practice, lesson of a new study of investor behavior by Morningstar, the financial services company.
nytimes.com
Put money into low-cost stock and bond funds, but don’t forget the rest of the recipe: Leave your investments alone.
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RT @colbyLsmith: Central bankers from around the world are about to descend on Jackson Hole for the Fed's annual conference. But first, st….
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The Chinese economy slowed noticeably in July, according to official statistics released on Friday, highlighting a complex set of challenges facing China amid growing global tensions over trade.
nytimes.com
Officials blamed U.S. “protectionism” for the dismal July data, but growth was likely held back by real estate and new policies aimed at slowing factory investments.
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In today’s DealBook: @bernhardwarner on the trade and business ramifications of today’s Trump-Putin talks; @danielledkaye on P.P.I. and the latest Fed conundrum; tariffs reveal which companies have pricing power; @sarahfkessler talks A.I. with @vladtenev.
nytimes.com
Normalized economic ties between Russia and the West may be a long way off, but there’s global interest in what’s said about sanctions and tariffs.
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The Trump administration’s policies toward foreign students has made American higher education a riskier proposition for them. Other countries are eager to capitalize.
nytimes.com
The president’s hostility toward foreign students has made American higher education a riskier proposition for them. Other countries are eager to capitalize.
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Apple said on Thursday that it would return blood oxygen measurement features to some Apple Watch models, after U.S. Customs approved a revamped version of a technology that had become embroiled in a patent dispute.
nytimes.com
The company said it will issue a software update to restart the technology, which was caught up in a patent dispute.
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RT @colbyLsmith: Scott Bessent has urged the Fed to cut by 50bps in September, but such a big move is far-fetched without a major deteriora….
nytimes.com
The Federal Reserve is poised to lower interest rates in September. But signs of stickier inflation could limit how much relief officials can ultimately provide to borrowers.
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RT @jtes: my take on Taylor Swift’s video podcast debut … “the new late-night” is the safest space in media right now … .
nytimes.com
For stars promoting their projects, podcasts have become an appealing alternative to late-night TV and glossy magazines.
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For stars promoting their projects, podcasts have become an appealing alternative to late-night TV and glossy magazines.
nytimes.com
For stars promoting their projects, podcasts have become an appealing alternative to late-night TV and glossy magazines.
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The reversal risks declawing a century of consumer financial protections and replacing the backbone of bank accounts.
nytimes.com
The reversal risks declawing a century of consumer financial protections and replacing the backbone of bank accounts.
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The modern history of New Zealand wine is surprisingly short, particularly here on the South Island, home to regions like Central Otago and North Canterbury that, in just a few decades, have shown themselves capable of producing stunning wines.
nytimes.com
Despite its short history of wine, these producers, from Central Otago and North Canterbury, are making bottles that are ravishing and distinctive.
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In today’s DealBook: @bernhardwarner on whether Trump’s pay-for-play chips deal could become the new normal for business; @danielledkaye breaks down the growing field for a new Fed chair; @IanFrisch on the regulatory runway for air taxis; and more.
nytimes.com
The Trump administration’s unorthodox Chinese export pact with Nvidia and Advanced Micro Devices is worrying trade experts.
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A new app called MicroCo will focus on super-short TV shows shot for phones, a bit like Quibi, an earlier app aimed at quick content.
nytimes.com
A new app will focus on super-short TV shows shot for phones, a bit like Quibi, an earlier app aimed at quick content.
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Do Kwon, who created the Luna and TerraUSD cryptocurrencies that collapsed in 2022, pleaded guilty to two counts of fraud, capping a spectacular fall from grace.
nytimes.com
Do Kwon, who created the Luna and TerraUSD cryptocurrencies that collapsed in 2022, pleaded guilty to two counts of fraud, capping a spectacular fall from grace.
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Elon Musk said in posts on X that the consumer tech giant was violating antitrust laws by giving preferential treatment to OpenAI on the App Store.
nytimes.com
The billionaire said in posts on X that the consumer tech giant was violating antitrust laws by giving preferential treatment to OpenAI on the App Store.
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Corporate spending on artificial intelligence is surging as executives bank on major efficiency gains. So far, they report little effect to the bottom line.
nytimes.com
Corporate spending on artificial intelligence is surging as executives bank on major efficiency gains. So far, they report little effect to the bottom line.
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In today’s DealBook: @bernhardwarner breaks down the new odds for interest rate cuts; the potential fallout from President Trump going after Goldman Sachs; @m_delamerced on the bigger meaning of Perplexity’s longshot bid for Google’s Chrome; and more
nytimes.com
The S&P 500 is approaching a record on bets that Federal Reserve will lower borrowing costs despite uncertainty over President Trump’s trade war.
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