How a Distinctive Beauty Brand Fell Apart, Sinking Almost $700 Million With It
When the private equity firm Carlyle bought Beautycounter, the skin care brand that people sold at kitchen tables, everything changed.
By Jordyn Holman and
Business
Highlights
CreditLaura Thompson for The New York Times Jury Finds Archegos Founder Bill Hwang Guilty of Fraud and Racketeering
The 2021 collapse of Archegos Capital Management led to some $10 billion in losses for some Wall Street banks. He could spend the rest of his life in prison.
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CreditJefferson Siegel for The New York Times What Happens When Your Bank Isn’t Really a Bank and Your Money Disappears?
For unsuspecting depositors of online financial start-ups, the unraveling of a little-known intermediary has separated them from their life savings.
By
CreditFilip Fröhlich Britain Has Huge Clean Energy Ambitions, but Are They Realistic?
Analysts warn that the Labour Party’s proposals are unlikely to be cheap and could come at the cost of jobs in the oil and gas industry.
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CreditJack Roe for The New York Times
Tesla’s Share of U.S. Electric Car Market Falls Below 50%
A new report estimates that the company led by Elon Musk accounted for just under half of all battery-powered vehicles sold in the second quarter of the year.
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CreditLauren Justice for The New York Times Samsung Union Workers Launch Indefinite Strike
The tech giant’s largest union escalated its dispute with management after failing to reach an agreement over pay and working policies.
By Jin Yu Young and
Credit They Hit Their Health Care Deductible. It Was Time to Party.
Some of those grappling with high health care costs are finding ways to celebrate small wins and build a sense of community.
By
CreditJutharat Pinyodoonyachet for The New York Times CNN Cuts 100 Jobs, and Announces Plan for Digital Subscription Product
The network’s C.E.O., Mark Thompson, has promised a more robust digital strategy as people flee traditional cable packages.
By
CreditKenny Holston/The New York Times Amazon Says It Reached a Climate Goal Seven Years Early
The company said it effectively got all of the electricity it used last year from sources that did not produce greenhouse gas emissions. Some experts have faulted the company’s calculations.
By Ivan Penn and
CreditNathan Howard for The New York Times
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David Liederman, Who Found Sweet Success With David’s Cookies, Dies at 75
His innovative version of the chocolate chip cookie, studded with irregular pieces of dark Swiss chocolate, led to a chain of more than 100 stores worldwide.
By Florence Fabricant
Biden Sets Second Post-Debate Interview, This Time With NBC’s Lester Holt
The interview will air in prime-time on NBC on Monday, the first night of the Republican National Convention.
By Michael M. Grynbaum
NASA Says No Plan to Use SpaceX to Rescue Boeing Starliner Astronauts
In a news conference from aboard the International Space Station, Butch Wilmore and Suni Williams said they had confidence in the troubled spacecraft to get them home.
By Kenneth Chang
Release of Kevin Costner’s Next ‘Horizon’ Film Is Canceled
The film was supposed to hit theaters on Aug. 16, but that plan was scrapped after the first chapter of the Western saga disappointed at the box office.
By Nicole Sperling
This Alliance United West Africa for Decades. Now Countries Are Backing Out.
Burkina Faso, Mali and Niger are withdrawing from a 49-year-old regional alliance that has allowed goods and nearly 400 million people to travel freely across a tightly connected region.
By Elian Peltier
What’s in Store for the 2024 Hurricane Season?
Hurricane Beryl set records as the earliest Category 5 storm ever. What does that mean for the rest of hurricane season? Here’s what travelers need to know.
By Christopher Kuo
CBS News President to Step Down
Ingrid Ciprian-Matthews, who ascended to the role last year, will be a senior adviser on coverage through the presidential election.
By John Koblin
CNN Cuts 100 Jobs, and Announces Plan for Digital Subscription Product
The network’s C.E.O., Mark Thompson, has promised a more robust digital strategy as people flee traditional cable packages.
By John Koblin
In TMZ Video, George Stephanopoulos Says Biden Can’t Serve Another Term
The ABC anchor, in a surreptitious recording, said, “I don’t think he can serve four more years.”
By Michael M. Grynbaum
Biden Announces Tariffs on Chinese Metals Routed Through Mexico
The measure aims to close a loophole that officials said allowed metals made partly in China to come into the United States duty free.
By Ana Swanson
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