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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Jerome Powell, the Federal Reserve chair, acknowledged that inflation had shown hopeful signs of slowing, but he warned against reading too much into one month of data, @jeannasmialek  reports.

In his first live interview since the crypto firm he founded collapsed, Sam Bankman-Fried said he had “made a lot of mistakes” and “didn’t ever try to commit fraud on anyone.” Watch his conversation with @andrewrsorkin  live:

Job openings declined in a wide variety of industries, including manufacturing, construction, professional and businesses services, and state and local government.

The settlement permits the government to get about half the proceeds from the estate’s planned sale of Little Saint James, an island that Jeffery Epstein owned and that could fetch $55 million, @MattGoldstein26  writes.

“They should let the guys work it out for themselves,” said Rhonda Ewing, a signal maintainer in Chicago. “We know it’s holiday time, which is why it’s the perfect time to raise our voices. If Biden gets involved, he takes away our leverage.”

The House voted to authorize seven paid sick days for the freight rail workers, but it is unclear whether that provision can win Senate approval.

Epic scale and geography define the moving of cattle from open range in Australia to slaughterhouses in Indonesia, @damiencave  writes.

About 10.3 million positions were open at the end of October, down from 10.7 million the previous month, the Labor Department said.

For many freight rail workers, President Biden’s intervention in contract negotiations amounted to putting a thumb on the scale in favor of the industry, @noamscheiber  reports.

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Tim Cook of Apple reveals that he has personally invested in cryptocurrency. “I think it’s reasonable to own it as part of a diversified portfolio,” he said at the #DealBook  Online Summit.

Since Sam Bankman-Fried launched the company FTX, its executives and its philanthropic arm spent or pledged hundreds of millions of dollars in political and charitable contributions, consulting fees, investments in media outlets and real estate.

British taxpayers will cover the huge price tag for Queen Elizabeth’s funeral at a time when many in the country are struggling to pay their bills and are bracing for difficult winter.

“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”

“I'm not built to be famous,” @BenAffleck  told @andrewrsorkin  in an interview at today's #DealBookSummit . Follow updates here:

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