Volkswagen ‘Must Act Quickly’ After Largest Loss in Over a Decade
The German carmaker warned that it “must act quickly and decisively” to cut costs.
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Sources: The New York Times
DoorDash to Buy Instacart for $17 Billion, Uniting 2 Delivery Giants
The deal combines the country’s largest restaurant delivery service with its biggest online grocery platform.
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Hong Kong Leader Apologizes for Deadly Apartment Building Fire
John Lee, the city’s chief executive, said his housing secretary would step down, but he vehemently defended the government.
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Christine Lagarde to Step Down as President of European Central Bank
Her plan to depart in February, months before the end of an eight-year term, sets in motion a selection process among European leaders for a new central bank president.
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In Moving Gradually, Fed Risks Having to Play Catch-Up to Quell Inflation
Federal Reserve officials are expected to restart rate increases in December, but the cadence of additional moves will depend on the data.
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Hit the Road This Season With These Useful New Map Features
The recent updates to Google Maps and Apple’s Maps use artificial (and human) intelligence for better navigation, planning and travel guides.
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Fed Holds Rates Steady Despite Lack of Progress on Inflation
Kevin M. Warsh, the chairman of the Federal Reserve, said an “information-rich” period before the central bank’s gathering in December will help officials determine next steps for policy.
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CNN, MS Now and Politico Update Lawsuit Against Trump Over White House Access
The news outlets argued in an updated lawsuit that they should be granted access to the White House reporting pools.
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Fed Will Hold Fewer Rate-Setting Meetings Starting Next Year
Kevin M. Warsh, the Federal Reserve’s chairman, said the central bank would vote on interest rates seven times in 2027 and six in 2028. It has traditionally voted eight times per year.
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An ‘Endless’ Cruise Around the World Is Suspended, Leaving Passengers Stranded
The cruise promised a lifetime of sailing, for less than what it cost to live on land. But it was underfunded and couldn’t absorb the rising cost of fuel.
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RFK Jr. to Allow Broad Use of Unapproved Peptide Injections
In a unilateral declaration by the health secretary, several injections promoted by online influencers will become widely available. The F.D.A. had advised against the move.
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Weil Gotshal, Once a Legal Powerhouse, Plans to Dissolve
The prominent law firm has been rocked by an exodus of high-profile lawyers, a failed succession plan and a scuttled deal to merge with a rival firm.
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Trump’s Push to Fire Fed Governor Lisa Cook Looms Over Warsh
Lisa D. Cook, a Fed governor, is set to face an unorthodox, private hearing over allegations of mortgage fraud she has consistently denied.
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Fed Holds Rates Steady Despite Lack of Progress on Inflation
Kevin M. Warsh, the chairman of the Federal Reserve, said an “information-rich” period before the central bank’s gathering in December will help officials determine next steps for policy.
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Weil Gotshal, a Legal Power Player, Is Fighting to Survive
The prominent law firm has been rocked by an exodus of high profile lawyers, a failed succession plan and a scuttled deal to merge with a rival firm.
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FTC Sues Dollar General Amid Growing Consumer Doubts Over Pricing
Americans have lost faith that retailers are giving them fair deals. The F.T.C. is suing Dollar General over it.
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From Senate Candidates, Surprising Stances on Fixing Social Security
Congress needs a plan to prevent the program’s funds from running short by 2032. Many Senate candidates have shared their positions — some of them unexpected.
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Life Magazine, Chronicler of 20th-Century America, Rises Again
The iconic publication, acclaimed for its visual storytelling, will return as a print quarterly next month in a challenging business environment.
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