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NYT Business

@nytimesbusiness

Financial, tech, media and other business news from The New York Times.

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linkhttp://nytimes.com/business calendar_today21-03-2007 14:49:39

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The fast food restaurant chain will continue to bar the use of antibiotics used to treat people but will permit the use of animal antibiotics. nyti.ms/3TpvPTu

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The biggest banks emerged from last year's Silicon Valley Bank crisis larger than ever, and more willing to challenge regulators. nyti.ms/3TedpFp

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After writing memorable character sketches and fine-tuning others’ copy at The New Yorker, William Whitworth spent two decades as editor in chief of The Atlantic Monthly. He has died at 87. nyti.ms/3IxoGvE

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BetMGM said that this year over half of Oscar bets have been placed on best picture. Sixty-nine percent of these bets are on “Oppenheimer,” which opened at +800 in June 2023 (meaning a $100 bet would net you $800 plus your investment). nyti.ms/3wLe8q7

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BMW sold 376,000 electric vehicles last year, including some under its Mini brand, a 75 percent increase from the previous year. In the luxury segment, BMW was second only to Tesla. nyti.ms/4c4OMU5

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Who gets to decide when something qualifies as A.G.I.? Are tech companies exaggerating or sandbagging (or both) when describing how capable their systems are? And what incentives lie behind various claims about how close to or far from A.G.I. we might be? nyti.ms/49Yf2xw

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In the “Sparks of A.G.I.” paper, Microsoft’s research lab said that — though it didn’t understand how — GPT-4 had shown “sparks” of “artificial general intelligence,” or A.G.I., a machine that can do everything the human brain can do. nyti.ms/4bWXwM6

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According to the UAW, more than half of over 4,000 eligible workers at a Volkswagen plant in Chattanooga, Tenn. have signed cards indicating support for a union. nyti.ms/3Ik9npJ

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The microgeneration born in 1990 and 1991 makes up the peak of America’s population. As the biggest part of the biggest generation, this hyper-specific age group has moved through the economy like a person squeezing into a too-small sweater. nyti.ms/3TjOaml

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Procrastination may cost you: Interest on unpaid taxes and late penalties (yes, even penalties accrue interest) have more than doubled to 8 percent from just a couple years ago. nyti.ms/3P6lz1k

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Gov. Ron DeSantis of Florida vetoed a sweeping social media bill on Friday that would have effectively barred young people under 16 from opening accounts on TikTok and Instagram. nyti.ms/3Tk8KBZ

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In today’s DealBook newsletter: Michael de la Merced goes inside Elon Musk’s new war on OpenAI; @bernhardwarner asks if investors and the Fed are aligning on the timing of interest rate cuts; why Disney’s heirs are backing Bob Iger against Nelson Peltz; & more. nyti.ms/48zXQgY

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Developers across the country are putting new schools in struggling malls, a growing trend that serves both to increase educational opportunity and put to good use the thousands of vacant retail spaces that make once-vibrant shopping centers a blight. nyti.ms/49snDcb

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From Tokyo and Chiang Mai, Thailand, to Amsterdam and New York, members of the Chinese diaspora are creating an alternative China, and in the process redefining what it means to be Chinese. nyti.ms/3wxSju4

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The new rules in Florida, passed Thursday, would require social networks to prevent people under 16 from signing up, and terminate preexisting accounts belonging to underage users. nyti.ms/3uzMr2Q

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At issue are what farmers say are sharply rising costs, unfair competition from imports allowed into Europe from other countries able to produce food more cheaply, and especially European Union regulations intended to contain or reverse climate change. nyti.ms/48oEJ9u

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Berkshire Hathaway disclosed $97.1 billion in net earnings last year, a sharp swing from its $22 billion loss in 2022. nyti.ms/4c2XMcD

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In the weekend edition of the DealBook newsletter: The economic impact of Russia’s new nuclear space threat, plus how Russia’s economy, surprisingly, is still thriving and what the West’s efforts to enforce sanctions actually cost. nyti.ms/3IdIq76

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New restrictions on short-term rentals in some cities may boost occupancy in hotels, but many travelers still prefer Airbnb and the like, particularly in rural areas. nyti.ms/48DBFae

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