The International Monetary Fund said on Tuesday that the global economy is showing signs of resilience this year despite persistent inflation and a slow recovery in China, which increases the odds of avoiding a global recession except for unexpected crises. Signs of optimism in the International Monetary Fund’s latest World Economic Outlook report may give … Read more
As a road warrior for 35 years, Tana Bierman has traveled all over the country, staying in luxury hotels and roadside motels. Her least favorite are the boxy convention hotels with cavernous lobbies where it’s easy to get lost. But at the top of her list are long-term accommodations. Ms. Berman, a moderator at Meetings … Read more
Cable company Altice USA is reportedly considering a potential sale of Cheddar News, the network once named “CNBC for millennials,” less than five years after buying the company. Altice USA has hired Goldman Sachs to help explore strategic alternatives for Cheddar News, according to three people familiar with the matter who spoke on condition of … Read more
UBS will pay $387 million in fines to clear up the mess at Credit Suisse, the wounded Swiss banking rival it acquired this year. The fines, issued simultaneously by US and UK regulators, are linked to a “fundamental failure of management and controls” recognized by Credit Suisse in 2020 and 2021, which resulted in a … Read more
Can artificial intelligence keep big tech companies thriving? Nasdaq futures rose on Tuesday morning, ahead of the big tech earnings boom that kicks off when Microsoft and Alphabet Inc report second-quarter results after the closing bell. There is a question on many investors’ minds: Is the hype around artificial intelligence, which has sent the stock … Read more
For nearly eight years, Pan Gongsheng has overseen one of the largest money funds in the world: China’s $3 trillion in foreign exchange reserves. Now he will run the country’s central bank, and play a more powerful role in the Chinese economy. Mr. Ban, a prominent economist, was appointed on Tuesday as governor of the … Read more
General Motors is investing tens of billions of dollars to produce a range of new electric cars, and hopes to catch up with Tesla. But the automaker appears to be far from achieving those ambitious goals. This year, it is struggling to produce a new type of electric vehicle battery intended for electric vehicles that … Read more
Across from Pret a Manger near Union Square Park, Nicolette Baryshoff stayed still as an artist painted an open blue eye on her sternum Sunday. It was about 88 degrees and a crowd of people gathered around them. But the heat and the crowd didn’t bother Mrs. Baryshoff. Not the fact that she was naked. … Read more
Eight minutes into the final match of the 18th Africa Nations Championship, players on the Mauritanian team scored three times in quick succession. Balls hitting the goalkeeper’s small net sound like cannon blasts. bubble. bubble. bubble. The last two happen so quickly that many in the crowd miss them. “Have they recorded?” asked an Ivory … Read more
At first glance, Maison Lune, an art gallery in Los Angeles’ Venice neighborhood, looks just like home. Yes, there are paintings and ceramics on display, but there’s also a bed, full kitchen, and bathtub. And sometimes you can hear the laundry stumbling. That’s because He is house. In early 2022, when Sandrine Absera and Lubov … Read more