business 
European Union regulators on Wednesday ramped up their efforts to force Apple and Google to change key parts of their businesses, despite potential pushback from the Trump administration over the regulation of American tech companies. The European Commission, the executive branch of the 27-nation bloc, said Apple and Google had violated a law passed in … Read more
European Union regulators on Wednesday ramped up their efforts to force Apple and Google to change key parts of their businesses, despite potential pushback from the Trump administration over the regulation of American tech companies. The European Commission, the executive branch of the 27-nation bloc, said Apple and Google had violated a law passed in … Read more
America’s once highflying stock markets are stumbling, and their counterparts in Europe are faring much better. Shares in European companies have comfortably outperformed the S&P 500 in recent months, as President Trump’s trade war has prompted investors to revisit their assumptions. Officials in Brussels say that the rally could be even bigger. The European Commission, … Read more
The Trump family is said to be in talks to invest in Binance. The discussions revolve around the family taking a stake in the U.S. arm of the crypto exchange, which had pleaded guilty to violating anti-money-laundering laws and whose founder, Changpeng Zhao, served time in prison, according to The Wall Street Journal. (It’s unclear … Read more
In 2016, three New York commodities traders — Michael Intrator, Brian Venturo and Brannin McBee — fell in love with cryptocurrencies. They were using Bitcoin to bet on pool games and fantasy football and were captivated by its wild swings in price. They soon decided to create more digital currencies through a process called “mining,” … Read more
In 2009, when Nvidia held its first developer conference, the event was something of a science fair. Dozens of academics filled a San Jose, Calif., hotel decorated with white poster boards of computer research. Jensen Huang, the chipmaker’s chief executive, roamed the floor like a judge. This year, Nvidia’s developer conference is far different. More … Read more
The growing trade war and rapid policy shifts are expected to drag down economic growth in the United States and around the world, according to projections released on Monday. The resilience that was evident last year is slipping, the Organization for Economic Cooperation and Development said in its latest interim economic report, which estimated that … Read more
Nearly a month has passed since President Trump last spoke publicly of his desire to kill the carried interest loophole. (Yes, we know, some of you don’t consider it a “loophole.”) And yet the private equity industry, which stands to lose big if the president upends the tax break, is still bracing for a fight. … Read more
French Champagne producers do nearly a billion dollars’ worth of business with the United States every year. But on Friday in Épernay, the world capital of sparkling wine, the only number on anybody’s lips was 200. That was the percent tariff that President Trump has threatened to impose on Champagne and other European wines and … Read more
Centerview Partners, one of the financial world’s top independent investment banks, has long been known as a largely Democratic outpost. One of its leaders, Blair Effron, is among the most influential fund-raisers in Democratic politics, while a longtime counselor is Bob Rubin, the former Treasury secretary. Rahm Emanuel, the erstwhile Obama chief of staff, also … Read more