Category: United States

Deutsche Bank Will Pay $75 Million to Victims of Jeffrey Epstein

A proposed court settlement closes another chapter in the German bank’s relationship with the disgraced financier, which began in 2013 and continued up until late 2018.
Wells Fargo to Pay $1 Billion to Settle Lawsuit by Shareholders

A group of plaintiffs had claimed that the bank misled investors about its progress in cleaning up after a sham accounts scandal a decade ago.
What Are Restaurant Service Charges For?

These added-on fees confuse diners and even employees, but more owners are relying on them to help make a tough business work.
First Came the Sports Betting Boom. Now Comes the Backlash.

In many U.S. states and across the world, regulators are cracking down on the sports gambling industry, citing harm to the public and, in some cases, to athletes.
In China, the Police Came for the Consultants. Now the C.E.O.s Are Alarmed.

Foreign businesses, a top Chinese official said in March, “are not foreigners, but family.” Then came a crackdown on firms with foreign ties.
The Debt Ceiling Impasse Raises the Risks for ‘Risk-Free’ U.S. Bonds

Short-term costs for insuring U.S. bonds are skyrocketing, and the long-term effects of repeated flirtations with debt default are already a burden, our columnist says.
U.S. Ends Last Covid Travel Barrier, Vaccine Mandate for Foreign Arrivals

International travelers entering the country are no longer required to be vaccinated, removing the last of the restrictions on travel put in place beginning in 2020.
Peloton Shares Slide After It Recalls Two Million Exercise Bikes

The company is offering to replace seat posts on the bikes after receiving 35 reports of the equipment breaking.
Pickleball vs. Padel: A Match Between Americans and Everyone Else

Americans, bewitched by pickleball, are late to a global sports craze.
‘De-Americanize’: How China Is Remaking Its Chip Business

Seven months after Washington unveiled tough curbs, Chinese companies are doubling down on homegrown supply chains and drawing billions in cash from Beijing and investors.
Taiwan Is Running Low on a Strategic Asset: Engineers

Taiwan’s world-dominating microchip sector was built by TSMC’s skilled employees. But a demographic crisis, demanding work culture and flagging interest threaten its lead.
F.D.A. Advisers Say Benefits of Over-the-Counter Birth Control Pill Outweigh Risks

The agency is expected to decide this summer whether to allow the first nonprescription sales of an oral contraceptive in the United States.