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10 Mar, 2025
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BC-BIZ-COVER-NYT
@Source: berkshireeagle.com
Here are the top business stories from The New York Times for Monday, March 10. They are scheduled to move by 9 p.m. ET unless otherwise noted. To reach The New York Times News Service, email newsservice@nytimes.com. For information on photos and graphics, email nytnsphotos@nytimes.com. ON THE BUSINESS COVER Top display: U.S.-IMAGE-CHINA (Undated) -- As the United States grapples with the upheaval unleashed by the Trump administration, many Chinese people are finding they can relate to what many Americans are going through. The United States helped China modernize and expand its economy in the hope that China would become more like America -- more democratic and more open. Now for some Chinese, the U.S. is looking more and more like China. The New New World by Li Yuan. With illustration. Page 1 refer. [Story first moved Thursday, March 6, at 12:02 a.m. ET.] Bottom left: ECON-OUTLOOK (Undated) -- President Donald Trump inherited an economy that was, by most conventional measures, firing on all cylinders. Just weeks into Trump's term, the outlook is gloomier. Measures of business and consumer confidence have plunged. The stock market has been on a roller-coaster ride. And forecasters are cutting their estimates for economic growth this year. The sudden deterioration in the outlook is striking, especially because it is almost entirely a result of Trump's policies and the resulting uncertainty. By Ben Casselman and Colby Smith. With photos. [Story first moved Friday, March 7, at 7:34 a.m. ET.] Bottom center display: FEDERAL-WORKERS (Undated) -- For about a year, the labor market has existed in a state of eerie calm: Not many people were losing their jobs or quitting, but not many of those seeking work were getting job offers. The mass layoffs underway across the federal government, along with its employees who are voluntarily heading for the exits, could disrupt that uneasy equilibrium. By Lydia DePillis and Colby Smith. With photos. Page 1 refer. [Story first moved Friday, March 7, at 7:52 a.m. ET.] Bottom right: AI-STARTUPS (San Francisco) -- The old Silicon Valley model dictated that startups should raise a huge sum of money from venture capital investors and spend it hiring an army of employees to scale up fast. Profits would come much later. But Gamma is among a growing cohort of startups, most of them working on artificial intelligence products, that are also using AI to maximize efficiency. They make money and are growing fast without the funding or employees they would have needed before. By Erin Griffith. With photo. Page 1 refer. [Story first moved Thursday, Feb. 20, at 3:34 p.m. ET.] ADDITIONAL BUSINESS STORIES IMMIG-LABOR (Freehold, N.J.) -- President Donald Trump has broadcast plans for a "mass deportation," and the opening weeks of his second term have brought immigration enforcement operations. Fear has gripped America's workers in the country without legal permission. Many are staying home. The impact is being felt not only in immigrant homes and communities, but also in the industries that rely on immigrants as a source of willing and inexpensive labor. American consumers will soon feel the pain. By Rebecca Davis O'Brien and Miriam Jordan. With photos. TAX-LOOPHOLE (Undated) -- Nearly a month has passed since President Donald Trump last spoke publicly of his desire to kill the carried interest loophole. Yet the private equity industry, which stands to lose big if the president upends the tax break, is still bracing for a fight. One Washington lawyer described the lobbying effort as "significant," a sign of the escalating stakes. (The carried interest rule means that executives at hedge fund, private equity and venture capital firms pay only roughly 20% tax on their profits.) DealBook by Grady McGregor. With photo. TRUMP-ECON (Undated) -- President Donald Trump declined in an interview aired Sunday to rule out the possibility that his economic policies, including aggressive tariffs against U.S. trade partners, would cause a recession. In the interview with Maria Bartiromo on Fox News, Trump said that Americans would be better off in the long run from his tariffs, which he said would prevent the country from being "ripped off." With photo. PROGRESSIVE-MEDIA (Undated) -- The YouTube channel of the MeidasTouch Network is an upstart online media company known for its relentless critiques of President Donald Trump, delivered in a blizzard of bare-bones, outrage-heavy videos, clips, podcasts and social media posts. MeidasTouch is a leader among the numerous digital-first outlets that have been rapidly reshaping the progressive media landscape since Trump took office. By Ken Bensinger and Reid J. Epstein. With photos. JOURNALIST-YOUTUBE (Undated) -- After a few years of writing what she called a "niche newsletter for Washington insiders," political journalist Tara Palmeri decided she wanted to reach a wider audience. A much wider audience. She's taking her reporting to YouTube. Palmeri said she is leaving the startup Puck to strike out on her own, focusing much of her effort on the streaming giant. By Jessica Testa. With photo. MEDIA-ENTREPRENEUR (Undated) -- In 2013, Jessica Lessin, a reporter at The Wall Street Journal, left the paper to start a competing publication, The Information. But it's her investments outside of The Information that are gaining attention these days. Her company, Lessin Media, has put money into Semafor, The Ankler and other titles at a time when the news business appears bleaker than before. Lessin discussed her latest media bet -- tennis publication Racquet magazine -- and what she thinks about the changing news landscape. DealBook by Edmund Lee. With photo. [Story first moved Saturday, March 8, at 4:47 p.m. ET.] DESIGN-PLATFORM-IPO (Undated) -- Figma, a cloud-based design platform, has met with investment banks in recent weeks to discuss an initial public offering that could come as soon as this year. European and U.S. regulators stymied a 2023 effort by software giant Adobe to acquire Figma; Figma's CEO Dylan Field has said the regulatory scrutiny meant another sale was likely off the table. By Lauren Hirsch and Mike Isaac. [Story first moved Friday, March 7, at 8:02 p.m. ET.] REBRANDING-FLOPS (London) -- Corporate rebrands can be critical to signifying a strategy shift, but they also come with risks when companies veer too far from their purpose. British investment firm Aberdeen Group recently restored the vowels to its name after a widely ridiculed revamp to "abrdn" that showed the pitfalls of trying to look cool in the digital age. It was another example of a company reversing course after a new name failed to lift its performance or reputation. By Jenny Gross. [Story first moved Friday, March 7, at 4:38 p.m. ET.] EGG-PRODUCERS-INQUIRY (Undated) -- The Justice Department is in the early stages of investigating major egg producers in the United States over possible antitrust violations as the price of eggs skyrockets, two people familiar with the matter said. The department's lawyers are preparing to send civil investigative demands -- effectively subpoenas for civil investigations -- to several producers, looking at whether the companies are sharing sensitive information and contributing to a spike in prices. By Lauren Hirsch, Danielle Kaye and Julie Creswell. [Story first moved Friday, March 7, at 8:06 p.m. ET.] NY-UTILITY-RATES (New York) -- Con Edison, the utility that serves more than 9 million people in the New York City area, has filed a request with state regulators to raise its rates to help pay for the shift to cleaner energy. Many utility customers favor upgrading the power grid in pursuit of renewable energy goals, but appear to be balking at paying more. By Hilary Howard. With photo. [Story will move in the "a" news file.] [Editors: Budgets and advisories are internal documents not for publication or redistribution outside of client news organizations. Unauthorized use of budgets and advisories constitutes a violation of our contract terms. All clients receive all budgets, but only full-service clients receive all stories. Please check your level of service to determine which stories you will receive.]
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