Category: Business

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S.B.A. Gave $3.7 Billion in Improper Relief Payments, Auditor Finds

The Small Business Administration skipped a basic fraud check and sent billions to recipients barred from receiving federal funds, the agency’s inspector general reported.  » mehr lesen

Janet Yellen Still Supports Making Banks Give the I.R.S. New Customer Data

“I think it’s important that the I.R.S. have visibility into opaque income streams,” the Treasury secretary said.  » mehr lesen

Twitter Will Take Down Pictures of People Posted Without Their Permission

The company said the policy was consistent with privacy laws in the European Union and elsewhere.  » mehr lesen

Head of Meta’s Crypto Efforts, David Marcus, Is Leaving the Company

David Marcus had most recently spearheaded Meta’s push into a global digital currency.  » mehr lesen

Jack Dorsey’s Twitter Departure Hints at Big Tech’s Restlessness

Jack Dorsey, who is stepping down after six years as Twitter’s chief executive, is one of the tech leaders who seem to have grown tired of managing their empires.  » mehr lesen

How Tesla Helps China’s Firms Compete With the U.S.

The electric car company is helping Chinese companies become global players in the emerging industry, posing a competitive threat to traditional rivals.  » mehr lesen

Supply Chain Problems Have Small Retailers Gambling on Hoarding

Some independent stores ordered in bulk well in advance, and now are hoping they’re able to sell what they have.  » mehr lesen

Jerome Powell signals the Fed’s bond-buying program could end sooner as inflation persists.

The Federal Reserve could pull back economic support faster as inflation lasts, and its chair signaled that for now the Omicron variant is a “risk.”  » mehr lesen

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