Business Update

After months of roaring share prices, stock investors were rattled this week by reports of souring debts on bank balance sheets. Source link

Treasury Secretary Scott Bessent’s multibillion-dollar bailout of a serial defaulter raises the specter of losses for the United States. Source link

Federal workers who issue permits for oil, gas and mining operations are on the job, along with those working to repeal pollution limits. Source link

Unions representing federal workers told a judge they believed the administration might violate a temporary ban on layoffs during the shutdown. Source link

People have used its Sora video app to create vulgar and sometimes racist depictions of the civil rights leader. Source link

Nearly two dozen private colleges are offering an online tool that factors in need-based grants and scholarships to estimate students’ actual costs. Source link

New revelations about efforts by his company, Salesforce, to work with the Trump administration is getting heat from San Francisco officials and now allies. Source link

Born during the Biden administration, the market’s bull run almost ended in April, but stocks got a second wind with the artificial intelligence boom. Source link

The administration at Indiana University Bloomington fired the adviser to the paper and barred the publication from putting out a print edition. Source link

In Beijing this week, the company’s chief executive, Tim Cook, made promises similar to ones he’d made at the White House. He also got a custom Labubu. Source link