Blogs

[ad_1] Angelo Mozilo, a founder of Countrywide Financial who presided over that lending giant\’s rapid ascent and then its collapse during the financial crisis of 2008, died on Sunday. He was 84. His death, in the Santa Barbara, Calif., area, was announced in a statement by the Mozilo Family Foundation, the family\’s philanthropic organization. It […]

[ad_1] When the Directors Guild of America agreed to a new three-year contract with the major Hollywood studios last month, the union hailed the agreement as \”unprecedented\” and \”historic.\” With screenwriters on strike and the actors\’ union still in negotiations, the directors saw their deal as a first step on the way to labor peace

[ad_1] While it may be small consolation to people sweltering in the heat wave enveloping southern Europe, electric grids in countries in the region like Italy and Spain have so far met the added demand for power for air-conditioning without any extreme price surges. In a sense, Europe is benefiting from actions taken last year,

[ad_1] A BlackRock U-turn? BlackRock made a name for itself, and many conservative enemies, in recent years by publicly embracing environmental, social and corporate governance considerations — known as ESG — in its decisions, and arguing that other companies should do the same. So the investment giant\’s decision on Monday to name Amin Nasserthe CEO

[ad_1] The Food and Drug Administration on Monday approved a shot to protect infants and vulnerable toddlers against respiratory syncytial virus, or RSV, offering one of the first protections for an illness that fills children\’s hospitals year after year. The monoclonal antibody shot is expected to be available at the start of the fall RSV

[ad_1] In Stockholm, it was the cookies — the black sesame, wasabi and white chocolate, or maybe the gluten-free coconut almond dark chocolate — that signaled to Beyoncé\’s dancers, crew and roadies that Grant Bird was back. Mr. Bird is an English pastry chef and one of 14 culinary professionals on Beyoncé\’s current Renaissance World

[ad_1] Russia said on Monday it was withdrawing from a wartime agreement to allow grain exports from Ukraine through the Black Sea until its demands to loosen sanctions on its own agricultural exports were met, upending a deal that has helped stabilize global food prices and alleviate shortages in parts of Africa and the Middle

[ad_1] Jerome H. Powell, the chair of the Federal Reserve, spent the early pandemic lamenting something America had lost: a job market so historically strong that it was boosting marginalized groups, extending opportunities to people and communities that had long lived without them. “We\’re so eager to get back to the economy, get back to

[ad_1] China\’s high-quality growth challenge When China finally lifted Covid restrictions last year, policymakers and companies hoped that it would help lift the global economy out of its post-pandemic doldrums. But data released on Monday showed that the hoped-for recovery in the world\’s second-largest economy still hasn\’t materialized, raising wider questions about global growth, the

[ad_1] Three months ago it appeared that China\’s economy was on track to recover relatively quickly after being closed off to the world during the pandemic. Consumers were spending again. Exports picked up. Even China\’s beleaguered housing market gave hints it was stabilizing. That is no longer the case. Official data released Monday revealed that