Month: February 2021

Uncle Sam is in search for a pot of gold that could ease the pain of trillion-dollar deficits. And some believe Wall Street might just have the answer. For more than a decade, progressives have tried and failed to impose a financial transaction tax. But there is new momentum for such a levy as the

JPMorgan Chase and Google launched a program Tuesday to help banks owned and led by people of color increase their lending capabilities. The new initiative is dubbed “Empowering Change.” It’s designed to help banks that are majority-owned or directed by people of color provide JPMorgan-backed money market funds to large companies. Most minority depository institutions

Governor Andrew Cuomo announced Monday that movie theaters would reopen in New York City next month, welcome news for an industry that has been battered by the coronavirus pandemic for nearly a year. New York has long been one of the most important markets for movie theaters. With it reopening for business, studios may be

Goodyear has agreed to buy rival Cooper for $2.8 billion. The deal will give America’s largest tire producer a much bigger footprint around the world, including in China, the world’s top car market. Goodyear was already the world’s third largest tire manufacturer after Japan’s Bridgestone and France’s Michelin. It will retain that spot after the

Hillary Clinton is working on a book with Canadian mystery novelist Louise Penny, set in the aftermath of US political chaos. The book, titled “State of Terror,” focuses on a Secretary of State who is trying to solve a wave of terrorist attacks. It will be published by Simon & Schuster and St. Martin’s Press

HSBC is pushing even harder into Asia as the bank seeks to shore up its business in the wake of the coronavirus pandemic. It’s also bringing back its dividend, a sign that it’s optimistic about its ability to navigate the year ahead. The bank — which is still headquartered in London even though it makes

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. More than 500,000 Americans dead from Covid. More than 500,000 lives cut short by a pandemic the rest of us will never forget. Journalists are stretching for words and illustrations and imagery to meet the

Federal regulators are looking closely at the Texas energy market after natural gas prices rocketed during last week’s deep freeze. And they’re warning that extreme weather will continue to stress the power grid. “We are monitoring irregularities in the Texas energy markets following last week’s freeze,” Rostin Behnam, acting chair of the Commodity Futures Trading