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The SBA Launches the Ban the Box Rule
People with criminal records no longer have to identify themselves as such in making loan applications or in qualifying for them. The government estimates that the change will help millions of would-be founders.Inc. - Business -
UK heading towards a funding ‘cliff edge’, warns think-tank
Institute for Government says expenditure beyond next spring is mired in a level of uncertainty unseen for decadesFinancial Times - Business - United Kingdom -
NIO Shares Jump After Strong Sales Amid EV Price War
The Chinese electric-vehicle maker’s shares are on track for their largest one-day gain in more than two years.The Wall Street Journal - Business -
One personal decision can create a mess of financial challenges for transgender Americans—'it takes a lot of courage'
Changing your name can be a complicated, but important move for trans and nonbinary individuals. Making sure it doesn't hurt your wallet is even trickier.CNBC - Business -
McKinsey Study: Opportunities to Boost Small Company Productivity
Research on micro, small, and midsize companies offers new ideas about how to close the productivity gap.Inc. - Business -
Dave & Buster’s to Allow Betting on Arcade Games
A software company announced it had teamed up with the arcade and restaurant chain to allow betting in the future through the Dave & Buster’s app.The New York Times - Business -
UK set to lag behind peers on growth and suffer ‘sticky’ inflation, says OECD
Forecaster delivers downbeat outlook ahead of local elections in EnglandFinancial Times - Business - United Kingdom -
Rio Tinto Declines Comment on Whether Considering Rival Anglo American Bid
The chair of Rio Tinto declined to comment on whether the world’s second-largest miner by market value is weighing a bid for Anglo American, the target of a recent $39 billion bid by BHP Group.The Wall Street Journal - Business -
'If Americans want lower interest rates, they're going to have to do it themselves,' analyst says. Here's how
Without a Fed rate cut on the horizon, consumers are going to have to take matters into their own hands if they want a break from sky-high credit card APRs.CNBC - Business -
How This Founder Built Her Brand From the Cauliflower Crust Up
Gail Becker's Caulipower has become a national hit, but without the founder's resiliency the brand might have burned out early.Inc. - Business -
What Will It Take for the Fed to Lower Interest Rates?
Stubbornly high inflation has scrambled the central bank’s outlook. Wall Street is now shifting focus to Friday’s jobs report for clues on its next move.The New York Times - Business - Federal Reserve -
SocGen trader fired for ‘unauthorised’ bets blames ‘risk team and bosses’
Kavish Kataria complains of losing his bonuses and claims his options trades made moneyFinancial Times - Business -
Ex-Pioneer CEO Barred From Exxon Board for Megadeal to Close
Antitrust enforcers are set to allege former Pioneer CEO Scott Sheffield discussed coordinating oil-production levels with other producers and OPEC.The Wall Street Journal - Business -
Peloton CEO Dismounts as Company Cuts 400 Jobs
Barry McCarthy ends two-year tenure as the fitness company keeps pedaling to a post-pandemic turnaround.Inc. - Business -
Bored Ape Yacht Club NFTs sold for millions in 2021—prices have dropped 90% since then
Bored Ape Yacht Club NFT collection once touted by celebrities like Justin Bieber has seen its floor price decline by around 90% since its peak in 2022.CNBC - Business -
Navigating the Fine Line Between Art and Luxury
The boundaries between art, fashion and luxury seem to be melting away. That’s great for brands, but what about artists — and the art?The New York Times - Business -
Tesla's Downsizing Worries Supercharger Industry
Widespread layoffs within the Tesla unit are a blow to efforts to build out a national charging network.The Wall Street Journal - Business -
The Education Department will transfer some student loan borrowers to a different servicer. Here's what you need to know
The U.S. Department of Education recently said that it will soon transfer some student loan borrowers to different servicers. Here's what you need to know.CNBC - Business -
Campus protests become a political liability for Biden and the Democrats
Unrest amplifies party’s divisions over Gaza war and gives Republicans fodder for campaign attacksFinancial Times - Business - Joe Biden -
Lawsuit Seeks Facebook Users' Right to Unfollow Content
Meta Platforms gets sued by First Amendment advocacy group that wants to allow an external tool that would let people control their content feeds.Inc. - Business -
Pasteurized Dairy Foods Free of Live Bird Flu, Federal Tests Confirm
But the scope of the outbreak among cattle remains uncertain, and little human testing has been done.The New York Times - Business -
Narcan-Maker Emergent BioSolutions to Cut 300 Jobs, Close Facilities
Emergent BioSolutions is closing several manufacturing facilities and cutting hundreds of jobs as part of a restructuring as the company narrows its focus on products, including Narcan nasal spray.The Wall Street Journal - Business -
Biden denounces violent campus protests after police storm UCLA
More than 1,600 have been arrested in pro-Palestinian demonstrations in US universitiesFinancial Times - Business - Joe Biden -
Wayfair shares surge 10% after furniture retailer cuts losses by more than $100 million
Wayfair's sales fell in the first quarter, but the furniture retailer narrowed its losses by over $100 million after cutting 13% of its staff.CNBC - Business -
The Class of 2024 Actually Wants to Work in the Office
Recent grads are far less likely to work fully remotely than workers in their 30s--and that's partly due to preference, according to a new report. But will they get the face-to-face time they want?Inc. - Business -
Giant Pandas Are Returning to San Diego, China Announces
“Panda diplomacy” has represented an area of cooperation between the United States and China despite tension over weighty issues of trade and national security.The New York Times - Business - China -
SNP seeks safe pair of hands in party veteran Swinney
Path cleared for political survivor and Sturgeon’s former number-two after main rival steps asideFinancial Times - Business -
Abu Dhabi AI firm Presight buys majority stake in technology joint venture AIQ
The new ownership structure will see ADNOC holding 49% of the company and giving it a valuation of $1.4 billion, according to a joint company press release.CNBC - Business -
TikTok's New Licensing Deal With Universal Music Group Brings Top Acts Back to Platform
Performers including Taylor Swift, Drake, Adele, Bad Bunny and Billie Eilish will be back on the app after a three-month legal tussle.Inc. - Business -
Novo Nordisk beats profit estimates as sales of weight loss drug Wegovy more than double
Sales of popular weight loss drug Wegovy more than doubled to 9.38 billion kroner.CNBC - Business -
John Swinney set to become first minister of Scotland
Scottish National party grandee says he would offer Kate Forbes ‘significant’ job in government if electedFinancial Times - Business -
The Fed Wants What It Can't Have
Jerome Powell held rates steady and shared mixed signals.Inc. - Business - Federal Reserve -
In Latest Stunt, Airbnb Lists the ‘Up’ House. It Floats.
The company announced a new category of outlandish stays in partnership with brands and celebrities, building on the success of gimmicks like the Barbie Malibu DreamHouse.The New York Times - Business -
Global AI Regulation Plan Introduced by Japan's PM
TheHiroshima AI Process Friends Group, which claims 49 members,sets up guiding principles and a codeof conduct for developers.Inc. - Business - Japan -
Klobuchar Asks Regulators to Investigate MultiPlan Over Health Care Pricing
A data analytics firm has helped big health insurers cut payments to doctors, raising concerns about possible price fixing.The New York Times - Business -
UnitedHealth CEO estimates one-third of Americans could be impacted by Change Healthcare cyberattack
UnitedHealth CEO estimates that data from one-third of Americans could have been compromised in the Change Healthcare cyberattack.CNBC - Business -
BHP says Anglo deal structure is not a negative reflection of South Africa
Statement comes as the Australian miner’s chief executive visits country after political backlashFinancial Times - Business -
UK to suffer slowest growth of all rich nations next year, OECD says
The U.K.'s "sluggish" growth prospects have put it on course to be the worst-performing economy of all advanced nations next year, according to the OECD.CNBC - Business - United Kingdom -
Fed Will Keep Interest Rates Unchanged Until Inflation Cools
Rates will stay at a two-decade high until inflation drops to central bank's 2 percent target.Inc. - Business - Federal Reserve -
U.S. Imposes Sanctions on Chinese Companies for Aiding Russia’s War Effort
The penalties came after top Biden administration officials warned China not to help Moscow restock its arsenal to attack Ukraine.The New York Times - Business - Russia