The News Adidas is going to start selling the first pairs of its leftover Yeezy sneakers, a step toward resolving a $1.3 billion inventory headache that has plagued the sportswear company since it severed ties with Kanye West, the rapper known as Ye, over a string of anti-Semitic remarks by the musician. Adidas said a “significant amount” of the proceeds […]

JPMorgan Chase’s decision to stop doing business with Jeffrey Epstein became easier after there was no one at the bank to advocate for him, a top executive at the nation’s largest lender said in a deposition taken in connection with two lawsuits arising from the institution’s nearly 15-year relationship with the disgraced financier. Mary Erdoes, head of JPMorgan’s asset and […]

After years of rapid growth, Guild, a Denver-based technology company focused on employee education, let go of 12% of its workforce on Wednesday. “I’m writing with a heavy heart today to share that we’ve made the difficult decision to eliminate 172 roles at Guild, as a part of a broader organization of the company around our 3-year strategy and 10-year […]

“Making It Work” is a series about small-business owners striving to endure hard times. When Kenneth Laskin flew to California to meet with executives at Burgerim, a start-up chain of restaurants, he was made to feel not just like another prospective franchisee, but like part of a family. The company’s executives, he said, made a point one evening of highlighting […]

Semafor, the digital-media start-up, has raised $19 million from investors including the Yahoo co-founder Jerry Yang, replacing the money it had received from the disgraced cryptocurrency mogul Sam Bankman-Fried. The money from Mr. Bankman-Fried, roughly $10 million, will be placed in an account separate from Semafor’s other funding and returned to his creditors at the direction of the authorities, said […]

The number of Americans who will fly this summer could eclipse the prepandemic high from 2019. That would be great news for airlines, but it could also cause a backlash against the industry if it fails to keep up with demand and delays or cancels thousands of flights. The recovery from the pandemic has been punctuated by several major travel […]

A different kind of debt crisis First, corporate America was hit hard by a wave of layoffs. Now come the bankruptcies. New data shows that 2023 is shaping up to be the biggest year for Chapter 11 filings in over a decade, as a potent brew of economic troubles hit financially weakened companies. Though many companies survive bankruptcy, the uptick […]

In early June, at the behest of the Biden administration, German leaders assembled top economic officials from the Group of 7 nations for a video conference with the goal of striking a major financial blow to Russia. The Americans had been trying, in a series of one-off conversations last year, to sound out their counterparts in Europe, Canada and Japan […]

The governor of Montana, Greg Gianforte, signed a bill on Wednesday to ban TikTok from operating inside the state, the most extreme prohibition of the app in the nation and one that will almost certainly be challenged in court. The ban will take effect on Jan. 1. “Today, Montana takes the most decisive action of any state to protect Montanans’ […]

Florida legislation that was designed to hamstring Disney could end up helping the company, at least in relation to a lawsuit in state court over development at Walt Disney World near Orlando. Gov. Ron DeSantis and Disney have been sparring for more than a year over a special tax district that encompasses Disney World. The fight started when the company […]