Business
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Spotify to Lay Off 6% of Its Work Force
The audio streaming platform becomes the latest big technology company to cut costs over worries about the economy.
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Grocery Store Merger Faces Long Road Before Approval
Consumer advocates, unions and independent grocers are against a deal that would join Kroger and Albertsons, and be lucrative for…
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As Tax Season Starts, a Beleaguered I.R.S. Looks to Bolster Customer Service
The Biden administration is focusing on making the agency more responsive amid concerns that a funding increase will result in…
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Activist Investors Are Circling Salesforce
Elliott Management, the $55 billion hedge fund, has taken a big stake in the struggling tech giant, putting more pressure…
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For Tech Companies, Years of Easy Money Yield to Hard Times
Eighteen months ago, the online used car retailer Carvana had such great prospects that it was worth $80 billion. Now…
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Inflation Is Cooling, Leaving America Asking: What Comes Next?
After six months of declines, inflation seems to be turning a corner. But the road back to normal is an…
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Their Children Are Their Retirement Plans
The offspring of many East Asian immigrants are raised to support their elders in their later years. That gives a…
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The Week in Business: The Debt Limit and Politics
Credit...Giacomo BagnaraWhat’s Up? (Jan. 15-21) The U.S. Hits Its Debt Ceiling The United States hit its borrowing cap of $31.4…
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As Deepfakes Flourish, Countries Struggle With Response
Deepfake technology — software that allows people to swap faces, voices and other characteristics to create digital forgeries — has…
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Families Struggle as Pandemic Program Offering Free School Meals Ends
A federal benefit guaranteeing free school meals to millions more students has expired as food prices have risen. Many families…