Day: June 9, 2022

Starbucks’s C.E.O. Howard Schultz: “I Don’t Know if We Can Keep Our Bathrooms Open”

Starbucks’s chief executive, Howard Schultz, says the company is considering ending its open bathroom policy. Speaking on Thursday at The Times’s DealBook D.C. policy forum, Mr. Schultz said the coffee giant might no longer allow people who were not customers to use their stores’ bathrooms. The move would reverse a policy Starbucks instituted in 2018 …

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Janet Yellen says the U.S. is likely to avoid a recession.

Treasury Secretary Janet L. Yellen said on Thursday that she expected the United States economy to slow as the Federal Reserve raised interest rates to tame inflation but that she did not anticipate a recession. Speaking at The Times’s DealBook D.C. policy forum, Ms. Yellen said that the global economy faced an array of serious …

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DealBook D.C. Policy Forum: Top Leaders Debate Nation’s Biggest Policy Challenges

Credit…Valerie Plesch for The New York Times On Thursday, starting at 4 p.m. E.S.T., Andrew Ross Sorkin and the DealBook team convene business, policy and political leaders for a day dedicated to shifting stale perspectives, rebooting vital processes and setting out a pragmatic plan for tomorrow. A new America is emerging. From China and Russia …

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Sean Thackrey, Creator of Eccentric California Wines, Dies at 79

Sean Thackrey, an autodidactic polymath who, in between collecting antiquarian books, running a San Francisco art gallery and learning five languages, developed a cult following as one of California’s most intriguingly eccentric winemakers, died on May 31 in Walnut Creek, Calif. He was 79. His former wife and longtime partner, Susan Thackrey, said the death, …

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New 42 Worker Files Bias Lawsuit Over Diversity Training

A contract worker at a nonprofit New York theater organization has filed a lawsuit saying that the institution’s diversity trainings were themselves discriminatory. Kevin Ray, a part-time teaching artist at New 42, an organization that runs rehearsal studios, youth programs and a children’s theater in Times Square, filed the lawsuit late Wednesday in Federal District …

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Federal Prosecutors Open Criminal Inquiry of Wells Fargo’s Hiring Practices

Federal prosecutors in New York have opened a criminal investigation into whether Wells Fargo violated federal laws by conducting sham interviews of nonwhite and female job candidates, according to two people with knowledge of the inquiry. The investigation is being conducted by members of a newly created civil rights unit inside the criminal division of …

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Warner Bros. Discovery Picks Sports Chief to Navigate Streaming Era

Warner Bros. Discovery, the media giant created by the fusion of the owners of HBO and “90 Day Fiancé,” said Thursday that it had picked an executive to manage its billions of dollars of sports rights, one of the cornerstones of the company. The company now has the rights to games from the National Basketball …

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Cadillac Project GTP Hypercar previews endurance race car

Cadillac is going dramatic with a prototype of its third-generation endurance race car, the Project GTP Hypercar. Introduced Thursday, it previews the race car Cadillac will use to contest the 2023 IMSA WeatherTech SportsCar Championship and the FIA World Endurance Championship, including the 24 Hours of Le Mans. The Project GTP Hypercar, co-developed by Cadillac …

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Tesla dominates EV, luxury segments; Ford, Kia, Hyundai top mainstream EV registrations

Ford topped new-vehicle registrations for electric vehicles among mainstream brands in the first four months of the year, followed closely by Kia and Hyundai. But Tesla dominated the EV registration charts overall in the U.S. and remained the top luxury automaker regardless of fuel type, according to new numbers from Experian. California-based EV startups Rivian …

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