DealBook

DealBook


New York Times columnist Andrew Ross Sorkin and his colleagues help make sense of major business and policy news — and the power-brokers who shape them.

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The Treasury Department said on Friday that it was putting Vietnam, Switzerland and Taiwan on notice over their currency practices but stopped short of labeling them currency manipulators.

That popular SUV is going to cost you. Demand plus production delays have tightened the supply of new models. That means fewer deals. Still, your trade-in may get a better price.

To understand where the stock market may be heading, a Nobel laureate examines the pop culture of one of the greatest bull markets in history.

China reported a powerful 18.3% quarterly growth rate a year after Covid-19 froze its economy. Not everybody is enjoying the boom.

IBM has designed a “reorientation” program to help its employees adjust when they return to a familiar setting but face a host of unfamiliar new procedures.

Britain's financial service industry, a cornerstone of the country's economy, is trying to regain its footing since Brexit.

Some of the almost 1,800 employees who gave Amazon a runaway victory in its effort to keep a union out of its warehouse in Alabama told us that pay, benefits and the company’s aggressive anti-union campaign convinced them to vote “NO.”

Roadblocks abound for the resurgence of international travel, but airlines, hotels and tour companies are balancing hope with caution.

In the weekend edition of Dealbook: A growing web of crypto trade groups aims to influence policies that will aid (or squash) the digital gold rush.  by @el72champs 

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"I’m very, very open to a carbon tax, carbon dividend, where there’s a tax on oil companies and coal companies," Senator Mitt Romney said at the DealBook DC Policy Project. #DealBookDC 

@BillGates  weighs in on taxing billionaires: “I’ve paid more than anyone in taxes.”

Bank of America will stop lending money to gun manufacturers that make military-inspired firearms for civilian use, such as the AR-15-style rifles that have been used in multiple mass shootings.

“Trump will make out like a bandit on all the big items”

Trump’s top economic adviser, Larry Kudlow, said that the administration had to be tougher on spending and would begin to consider “the larger entitlements” — Social Security and Medicare are the two biggest social insurance programs — “probably next year”

Taking 42 years to reach $1 trillion in value, Apple took just two more years to get to $2 trillion. All of Apple’s second $1 trillion came in the past 21 weeks, while the global economy shrank faster than ever before in the coronavirus pandemic.

"My prediction would be that over 50% of business travel and over 30% of days in the office will go away." -- @BillGates  on post-pandemic working habits at the #Dealbook  Online Summit

@BillGates  says he’s not convinced by Senator Elizabeth Warren’s wealth tax, which includes a proposal to aggressively tax billionaires. “I don’t know how open-minded she is or if she’d even be willing to sit down with somebody who has large amounts of money.”

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The United States is losing approximately $1 trillion in unpaid taxes every year, Charles Rettig, the Internal Revenue Service commissioner, estimated on Tuesday, arguing that the agency lacks the resources to catch tax cheats.

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