Business
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Their Children Are Their Retirement Plans
The offspring of many East Asian immigrants are raised to support their elders in their later years. That gives a segment of Americans challenges others don’t face.
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The Week in Business: The Debt Limit and Politics
Credit...Giacomo BagnaraWhat’s Up? (Jan. 15-21) The U.S. Hits Its Debt Ceiling The United States hit its borrowing cap of $31.4 trillion on Thursday, setting the stage for a bitter fiscal fight in Congress over raising the limit. Treasury Secretary ...
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As Deepfakes Flourish, Countries Struggle With Response
Deepfake technology — software that allows people to swap faces, voices and other characteristics to create digital forgeries — has been used in recent years to make a synthetic substitute of Elon Musk that shilled a cryptocurrency scam, to digitally ...
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Families Struggle as Pandemic Program Offering Free School Meals Ends
A federal benefit guaranteeing free school meals to millions more students has expired as food prices have risen. Many families are feeling the pinch.
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How the U.S. Government Amassed $31 Trillion in Debt
Two decades of tax cuts, recession responses and bipartisan spending fueled more borrowing — contributing $25 trillion to the total and setting the stage for another federal showdown.
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How Smart Are the Robots Getting?
Franz Broseph seemed like any other Diplomacy player to Claes de Graaff. The handle was a joke — the Austrian emperor Franz Joseph I reborn as an online bro — but that was the kind of humor that people who play Diplomacy tend to enjoy. The game is a ...
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At Davos, European Distress Over a ‘Made in America’ Law
The U.S. Inflation Reduction Act stirred talk of a trade war, but also proposals for a similar E.U. initiative to stimulate green investment.
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The Young Founder Who Fooled JPMorgan, According to JPMorgan
When JPMorgan Chase paid $175 million to acquire a college financial planning company called Frank in September 2021, it heralded the “unique opportunity for deeper engagement” with the five million students Frank worked with at more than 6,000 ...
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Justice Department Investigating Troubled Infant Formula Plant
Abbott shut down production at the plant last year amid “shocking” sanitation lapses, touching off a disruptive infant supply formula shortage.
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Layoffs at Tech Giants Reverse Small Part of Pandemic Hiring Spree
Some of the biggest tech companies have announced tens of thousands of job cuts. But even after the layoffs, their work forces are still behemoths.