Investments and Business

Connected media - Linked media Though Apple had not unveiled its car to consumers, the product had for many years been one of Silicon Valley’s worst-kept secrets because it was being tested on public roads. The cancellation is a rare move by Apple, which typically doesn’t shelve such public and high-profile projects. The company has struggled in recent years to find new avenues for growth as its all-important iPhone has saturated the market and people are upgrading their phones less frequently than they used to. Tim Cook, Apple’s chief executive, has publicly hinted that Apple was interested in entering the…

Related media - Related media Innovation on wheels Has Apple really crashed the car? The tech giant has killed its electric vehicle project as it pivots to artificial intelligence, prompting many observers to declare the venture a major failure for the company. Here’s a contrarian thought: That critique misses a wider point about how Apple innovates, because the company has used the project to power a whole ecosystem of products and services that have been unmitigated successes. Apple invested billions to build a self-driving car. Reports emerged about the secret effort, code-named Project Titan, in 2014, and the company has…

Economic vibes don’t necessarily predict electoral outcomes, though, and this campaign is different in many ways from those in the past. “We’re kind of in an unprecedented situation where we’re weighing two incumbents,” said Joanne Hsu, who runs the Michigan survey.Anthony Rice, a 54-year-old Democrat in eastern Indiana, and pretty much everyone he knows, he said, are doing well right now. Gas prices are down, jobs are plentiful, and Mr. Rice, a unionized dump-truck driver, is benefiting directly from the infrastructure law that Mr. Biden signed in 2021. Yet few people in the deep-red part of the country where he…

In 2020, Virginia Martin lived two and a half miles from her office. Today, the distance between her work and home is 156.Ms. Martin, 37, used to live in Durham, N.C., and drove about 10 minutes to her job as a librarian at Duke. After the onset of remote work, Ms. Martin got her boss’s blessing to return to her hometown, Richmond, Va., in March 2022, so she could raise her two young children with help from family.As an ’80s-born “child of AIM,” Ms. Martin said of AOL instant messaging, it hadn’t been hard for her to maintain co-worker friendships…

When Shawn Fain, the United Automobile Workers president, unveiled the deal that ended six weeks of strikes at Ford Motor in the fall, he framed it as part of a longer campaign. Next, he declared, would be the task of organizing nonunion plants across the country.“One of our biggest goals coming out of this historic contract victory is to organize like we’ve never organized before,” he said at the time. “When we return to the bargaining table in 2028, it won’t just be with the Big Three. It will be the Big Five or Big Six.”Four months later, the first…

A federal judge held a veteran investigative reporter in contempt of court on Thursday for not revealing her sources for articles she wrote about a scientist who was investigated by the F.B.I.The journalist, Catherine Herridge, formerly of CBS News and Fox News, was ordered to pay $800 a day until she divulged the information. The judge, Christopher Cooper of U.S. District Court in Washington, stayed the fine for 30 days to give Ms. Herridge time to appeal.The case, which has alarmed First Amendment advocates, relates to a series of articles that were written by Ms. Herridge and her colleagues in…

Treasury Secretary Janet L. Yellen said on Tuesday that she had personally urged Prime Minister Benjamin Netanyahu of Israel to increase commercial engagement with the West Bank, contending that doing so was important for the economic welfare of both Israelis and Palestinians.Ms. Yellen’s plea was outlined in a letter that she sent to Mr. Netanyahu on Sunday. It represented her most explicit public expression of concern about the economic consequences of the war between Israel and Hamas. In the letter, Ms. Yellen said, she warned about the consequences of the erosion of basic services in the West Bank and called…

The Federal Trade Commission and several state attorneys general on Monday sued to block Kroger, the supermarket giant, from completing its $24.6 billion acquisition of the grocery chain Albertsons, saying the deal would hurt competition in the industry.The agency said the deal, which would be the largest supermarket merger in U.S. history, would most likely result in higher prices for groceries for consumers and, with fewer supermarkets, reduce the ability for grocery-store employees to negotiate higher wages and better working conditions.“This supermarket mega-merger comes as American consumers have seen the cost of groceries rise steadily over the past few years,”…

“No society can be fully understood apart from the residences of its members.”I have that quote (from “Crabgrass Frontier,” the seminal history of America’s suburbs) taped to a wall behind my desk. It summarizes why I love covering housing for The New York Times and seem never to run out of things to write about. Housing is everything. It’s where we live and raise our families. It is most people’s largest store of wealth. Whether you own, you rent, or you sleep outside, where you hang your head defines much of your existence.Over the past few decades, and especially since…

On a recent Wednesday afternoon, Dan Perkin and Scott Bissmeyer, work buddies on vacation, sat on metal bleachers watching the Portland Timbers play the San Jose Earthquakes in the first of four preseason Major League Soccer games that day.They had spent $125 each on V.I.P. day passes, which included food, drink and access to tents to keep cool. Self-described “M.L.S. road trippers,” they have visited numerous M.L.S. stadiums, and have watched teams in Tucson, Ariz., where as many as 11 clubs came together for preseason training in the past.But this year, with 12 M.L.S. teams — along with two from…