XPO Logistics will close a Memphis warehouse where employees had complained about widespread discrimination and a number of pregnant workers had miscarriages. The company said it would close the site because Verizon, whose cellphones and other products XPO ships from the warehouse, had decided to stop using the facility. The moves followed a New York…
In 2017, Jamie Dimon, JPMorgan Chase’s chief executive, declared Bitcoin a “fraud” and said that any employee caught trading it would be fired for being “stupid.” On Thursday, JPMorgan became the first major United States bank to introduce its own digital token for real-world use, the latest step in Wall Street’s evolving approach to the…
In 2017, Jamie Dimon, JPMorgan Chase’s chief executive, declared Bitcoin a “fraud” and said that any employee caught trading it would be fired for being “stupid.” On Thursday, JPMorgan became the first major United States bank to introduce its own digital token for real-world use, the latest step in Wall Street’s evolving approach to the…
NEW YORK — The S&P 500 and the Dow slipped while the Nasdaq posted a slim gain on Thursday as investors struggled to square grim retail sales data with hopes that high-level talks in Beijing could resolve the ongoing U.S.-China trade dispute. The Dow Jones Industrial Average fell 104.28 points, or 0.41 percent, to 25,438.99,…
An audit released by the Education Department on Thursday described its slipshod oversight of federal student loan servicers that were regularly let off the hook for mistakes, driving up costs for taxpayers and for borrowers already owing more than $1 trillion in debt. The department failed to track many mistakes by servicers, the contractors hired…
New York Fashion Week came to an end Wednesday in the empty, echoing wine-dark Armory on upper Park Avenue where a few small rows of metal stools faced each other across a truncated mirrored runway like an island, floating unmoored in space. The crying strings of the American Contemporary Music Ensemble filled the air. Out…
BEIJING — Call it the Little Red App. Part social platform, part indoctrination tool, a new smartphone app called Study the Great Nation is the latest effort by the Chinese Communist Party to bring its propaganda initiatives into the mobile age. So far, it seems to be working. Study the Great Nation recently became the…
Google and Facebook declined to comment beyond filings made by the industry groups to which they belong. Twitter, which is jousting with India’s Parliament over claims that it suppresses right-wing content, said in a statement that it hoped that any changes to the rules would “strike a careful balance that protects important values such as…
[Update: Amazon said on Thursday that it was canceling plans to build a corporate campus in New York City.] A state senator joined anti-Amazon activists on the streets of Queens. A city councilman railed against the company as a union-busting corporate behemoth. Even the governor, a supporter of Amazon’s move into New York, faulted the…
When Jeff Dachis suddenly and unexpectedly learned he had Type 1 diabetes at the age of 46 in September 2013, he was stunned. After all, he ran marathons, followed a healthy diet and never had an inkling of any medical troubles during previous annual physicals. “I went to the doctor, got about six minutes with…