Making it to the Olympics is a costly venture for American athletes. Mandatory Credit: Kyle Terada-USA TODAY Sports PARIS — Being an Olympic athlete in the U.S. is not only physically arduous, but financially costly. A recent report revealed 26.5 percent of high-performance American athletes earn less than $15,000 a year, according to “Passing the…
Long before people develop dementia, they often begin falling behind on mortgage payments, credit card bills and other financial obligations, new research shows. A team of economists and medical experts at the Federal Reserve Bank of New York and Georgetown University combined Medicare records with data from Equifax, the credit bureau, to study how people’s…
A popular lender backed by venture capital firms is struggling financially, sending shock waves through the small clothing and home furnishing companies that count on its financing. The lender, Ampla, spent years courting small direct-to-consumer brands with low rates and a pitch that it understood their needs. In recent weeks, its top executives have been…
Call it the end of the beginning of the A.I. boom. Since mid-March, the financial pressure on several signature artificial intelligence start-ups has taken a toll. Inflection AI, which raised $1.5 billion but made almost no money, has folded its original business. Stability AI has laid off employees and parted ways with its chief executive….
Settling into the first tram of the morning at Vermont’s Jay Peak resort last month, I looked down to see a young boy wearing a neon helmet pressed against the window, his father next to him, as excited as I was to ski the foot of fresh snow. The boy told me that he was…
While the Premier League’s Profit and Sustainability Rules might have lost a shade or two off their teeth with the news today that Everton have had their 10-point penalty reduced to six on appeal (though they have another charge to dodge), that doesn’t mean they’re not having an effect. The desolate January transfer market in…
Boeing on Wednesday said that it would not provide a full-year financial forecast, the clearest indication yet that the company is trying to assure customers that it is prioritizing safety amid growing concerns about its popular 737 Max jets. Even as it announced its quarterly earnings, the company chose to focus instead on discussing quality…
Less than four weeks after a hole blew open on a Boeing 737 Max 9 jet during a flight, company executives face a thorny question: Should they emphasize safety or financial performance? The issue is looming as Boeing prepares to report its fourth-quarter earnings on Wednesday amid its most significant safety crisis in years. With…
Headliner YAO From Canal Street to Wall Street, not so far in distance, sums up the ambition behind this new restaurant from Kenny Leung, a chef, and his business partner Thomas Tang. They established their first, August Gatherings, in Chinatown nearly 10 years ago with a Cantonese menu that had some creative twists. This time,…
