Latest Business News and Market Updates – The New York Times

For companies in the United States watching the headlines about the resurgent coronavirus, the news of late is unwelcome.

Last week, Apple said it was indefinitely postponing office-return plans and The Washington Post announced it was mandating booster shots and weekly testing.

He added that the firm would ensure that new associates were integrated into the firm’s culture and that office space would continue to be used for in-person meetings and team building.

Citigroup sent a memo to its staff in New York and New Jersey giving them the option to work from home through the holidays given the surge in cases in the New York metropolitan area.

10, is moving online “out of an abundance of caution,” the bank told attendees on Wednesday.

Apple delayed its return to office “to a date yet to be determined.” The company told employees on Wednesday of the change in plans after already pushing back its return date three times.

The Met’s new rule mandating boosters for staff and audience members, which takes effect on Jan.

The cancellation of the event, which had been planned for Jan.

As recently as Thursday, the World Economic Forum had said it was proceeding with the event, which draws thousands of politicians, executives and nonprofit leaders to a ritzy ski town in the Swiss Alps for lectures, panel discussions, dinners and parties.

CNN offices are closing “to all employees who do not have to be in the office to do their jobs,” per internal memo tonight.

Tim Cook, Apple’s chief executive, announced on Wednesday that the company was delaying the return to physical offices indefinitely.

On Friday, an appeals court lifted the legal block on the vaccine rule, though appeals to the ruling were immediately filed, leaving the rule’s legal status up in the air.

The minister, Sajid Javid, did not deny speculation that the government was considering a two-week “circuit breaker” that could mean curbs on pubs and restaurants.

Germany’s central bank, the Bundesbank, said it would scale back its predictions of economic growth because of recent pandemic restrictions.

Ms. Holmes’s trial has stretched nearly four months, with testimony from dozens of witnesses including scientists, chief executives and a four-star general.

The jury of eight men and four women will debate whether prosecutors have shown, beyond a reasonable doubt, that Ms. Holmes committed nine counts of wire fraud and two counts of conspiracy to commit wire fraud while pitching Theranos to investors and patients.

Ms. Holmes founded Theranos in 2003 and the start-up went on to raise $945 million from investors such as Rupert Murdoch, the family of the former Education Secretary Betsy DeVos and the heirs to the Walmart fortune.

The saga was documented in popular books, podcasts and documentaries; soon it will be featured in scripted shows on Hulu and Apple TV+.

Kevin Downey, Ms. Holmes’s lawyer, said she did not purposely mislead investors and patients with her statements.

attorney and a lead prosecutor, pointed to evidence showing that Ms. Holmes was aware that Theranos’s tests had accuracy problems and that its business was failing.

Kellogg contract vote: Union members at four Kellogg cereal plants will vote on a second contract offer after rejecting a deal with the company earlier this month.

It was the highest opening-weekend result in the 19-year history of the eight-film, live-action Spider-Man franchise, Brooks Barnes reports in The New York Times.

I think it’s going to propel a satisfying Christmas season.” Cinemark, which, like other chains, has added wide-ranging safety protocols, said on Friday that “No Way Home” delivered the company’s biggest opening-night gross ever.

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