Finance

Biden’s Antitrust Team Isn’t Backing Down From a Fight

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Newly released guidelines for mergers show that despite legal setbacks, top competition officials intend to keep scrutinizing takeovers and technology giants.Jonathan Kanter, the Justice Department’s top antitrust official, and Lina Khan, the F.T.C. chair, offer up new guidelines for dealmakers.Graeme Sloan/Sipa,…

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Angelo Mozilo, Whose Mortgage Giant Fell in Housing Bust, Dies at 84

He built Countrywide Financial into the country’s largest mortgage lender, but its increasingly risky loans helped precipitate the 2008 financial crisis.Angelo Mozilo, a founder of Countrywide Financial who presided over that lending giant’s rapid ascent and then its collapse during the…

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China’s Economy is Slowing, Posing a Challenge for Global Growth

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New data published on Monday shows a post-pandemic recovery has not materialized after restrictions were lifted last year.China’s post-pandemic recovery is struggling to gain momentum.Greg Baker/Agence France-Presse — Getty ImagesChina’s high-quality growth challenge When China finally lifted Covid restrictions last year,…

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For Many Small-Business Owners, a Necessary Shift to Digital Payments

The pandemic accelerated a transition to cashless payments, forcing a reckoning among small-business owners. But there are benefits: One owner said the switch saved her $3,000 a month.“Making It Work” is a series about small-business owners striving to endure hard times.When…

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Randall Stephenson’s Exit From PGA Tour Casts Pall on Saudi Deal

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In resigning from the body’s board, Randall Stephenson said he could not support the group’s potential tie-up with its Saudi-backed rival.Randall Stephenson said he could not “in good conscience support” the tour’s proposed deal involving LIV Golf.Drew Angerer/Getty Images‘Serious concerns’ at the…

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Why a Strong Jobs Report Could Rattle the Stock Market

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Economists have forecast that employers created 225,000 jobs last month. A bigger-than-expected number could complicate the Federal Reserve’s efforts to tame inflation.Economists estimate that 225,000 new jobs were created last month.Allison Dinner/EPA, via ShutterstockLabor pains?Economists and market participants are deeply divided…

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