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US Business
Credit Suisse, the Risk-Taking Swiss Banking Giant, Succumbs to Crisis
The bank agreed to be bought by UBS, ending 167 years as an independent institution.
US Business
US Business
UBS Agrees to Buy Credit Suisse for More Than $3 Billion
The deal was engineered by regulators and is designed to restore trust in the banking system.
US Business
Labor Strife at New York Times Intensifies, Dividing Staff
The publisher calls the lack of progress in negotiations troubling, as staffers air frustrations in Slack.
US Business
TikTok’s Chinese Parent Has Another Wildly Popular App in the U.S.
One of the hottest apps in the U.S. right now is CapCut, a video-editing tool that, like TikTok, is owned by China-based ByteDance.
US Business
Smaller Banks’ Role in Economy Means Distress Raises Recession Risks
Main Street businesses and American families are likely to find it harder to get a loan because of turmoil in the banking industry, denting economic growth.
US Business
The Math Behind the New Super Commute
Hybrid work is changing the calculus of what it takes to live and work in separate places.
US Business
Virgin Orbit, Richard Branson’s Satellite-Launch Venture, Has Fallen Fast
A once-hot smaller player in an industry dominated by Elon Musk’s SpaceX, the company is now looking for a bailout.
US Business
Ford, GM in China Price War as Car Sales Slump
The American auto makers join their rivals in giving discounts in China as economic uncertainty hurts demand for vehicles.
US Business
How Higher Rates Caught Up With Banks
As the Federal Reserve prepares to hold its policy meeting, market investors have a new set of concerns.
US Business
Pricey Child Care Is Keeping Many Parents Out of the Workforce
The trend contributes to worker shortages and historically low U.S. unemployment.