Category Archives: BUSINESS

What the ‘Pivot to Video’ Looks Like at Condé Nast

Supported by Style What the ‘Pivot to Video’ Looks Like at Condé Nast It took three men two hours to shoot a 63-second overhead instructional video of Laura Rege, a recipe developer, making a cake for Bon Appétit — what people in the food-video industry call a “hands and pans.”
At the Kitchen Studio, Condé Nast’s new 7,000-square-foot space in Industry City in Brooklyn, four to six of these “hands and pans” videos are shot daily. It is the type of video on which Tasty, BuzzFeed’s famous recipe offshoot, has built a very large audience. Condé Nast’s food brands, Bon Appétit and Epicurious, have heartily embraced the format too.
Now, the company wants to double its current video business. To do so, it will have to move beyond what’s worked in the age of Facebook video, and make something new.
A Less Wasteful Condé NastUntil now, most of Condé Nast’s food videos were made in its test kitchen in the company’s headquarters at One World Trade Center or in Airbnb rentals. But business ha..

Stocks Drop on Wall Street as Trade Fight Grows Between U.S. and China

Supported by Business Day Stocks Drop on Wall Street as Trade Fight Grows Between U.S. and China Stocks on Wall Street plunged on Wednesday amid an escalating trade dispute between the United States and China, the world’s two biggest economies, that investors fear could derail the current economic upturn.
Market Snapshot View Full Overview Washington and Beijing have announced tariffs against each other, with the American actions being the latest in a series of protectionist moves by the Trump administration. President Trump has long accused China of unfair trade practices, and in recent weeks he has pushed for penalties against Chinese products as varied as steel, aluminum, aircraft parts and flat-screen televisions. China has responded in kind.
“The scale and speed of Mr. Trump’s actions would have been difficult to predict at the start of the year,” analysts at Deutsche Bank said in a note to clients on Wednesday before American markets opened. “The growth outlook is more unce..

Woman Identified as YouTube Shooter Had Complained About Company

Supported by U.S. Woman Identified as YouTube Shooter Had Complained About Company The woman identified by the police as the person who shot three people at YouTube’s headquarters in California on Tuesday before killing herself had long accused the video site and its owner of discrimination.
The San Bruno Police Department said that the attacker, Nasim Najafi Aghdam, who was in her late 30s and had lived in Southern California, opened fire with a handgun in a courtyard at YouTube’s offices in San Bruno. While the police have not provided a possible motive, Ms. Aghdam had alleged that YouTube and Google, which owns it, took measures to hurt her website in search results and reduce the number of views on her videos.
She also told her family in recent weeks that she “hated” YouTube because it was censoring her videos and paying her less.
“She was angry,” her father, Ismail Aghdam, who lives outside Los Angeles in Riverside County, told the Bay Area News Group.
Advertisement
Contin..

DealBook Briefing: The Heat Is Rising in the U.S.-China Trade Fight

Supported by DealBook Briefing: The Heat Is Rising in the U.S.-China Trade Fight Photo Soybeans in Fargo, N.D., a prospective Chinese tariff target Credit Dan Koeck/Reuters Good Wednesday morning. Investigators are looking into the motive behind the shooting at YouTube’s headquarters. What happens after Spotify’s direct listing? And Alexis Ohanian of Reddit speaks to Corner Office about online platforms, fatherhood and Metallica. Some links require subscriptions.
Next steps in the tariffs tit-for-tatBeijing moved quickly to escalate its fight with the U.S., responding to the White House’s latest move with $50 billion worth of tariffs on soybeans, cars, chemicals and more. U.S. market futures predictably dropped, as did other markets.
Both sides could suffer. Chinese companies are scrambling to react, especially as the U.S. looks to be taking aim at technology (like that central to Made in China 2025). And the squeeze could extend to American companies in unexpected industries, lik..

China Strikes Back at the U.S. With Its Own Tariffs

Supported by Business Day China Strikes Back at the U.S. With Its Own Tariffs Photo China on Wednesday outlined plans to impose tariffs on soybeans and other American goods. Credit Daniel Acker/Bloomberg SHANGHAI — China hit back at the United States on Wednesday with proposed tariffs on American soybeans, cars, chemicals and other goods, in a move likely to spark fears that the countries’ escalating confrontation could become an all-out trade war.
Moving with unusual speed, Chinese officials outlined plans to make it more costly to import 106 categories of American goods into China. The move came just hours after the Trump administration detailed its plan to impose tariffs on $50 billion in Chinese-made steel, aircraft parts, televisions and other products.
China’s new tariffs will amount to 25 percent on the American products. While Beijing did not immediately specify the value of the American goods that would be affected, government officials have said it would be roughly equal..

White House Turf Battle Threatens to Delay Tax Law Rollout

Supported by Politics White House Turf Battle Threatens to Delay Tax Law Rollout Photo Mick Mulvaney, the director of the Office of Management and Budget, left, and Treasury Secretary Steven Mnuchin, right, are debating oversight of the new $1.5 trillion tax law. Credit Doug Mills/The New York Times WASHINGTON — A power struggle between two of President Trump’s top cabinet members threatens to delay implementation of the new tax law and could give lobbyists and political hands in the White House greater ability to shape critical decisions about which types of businesses benefit from the law.
The White House’s Office of Management and Budget, headed by Mick Mulvaney, and the Treasury Department, run by Steven Mnuchin, are at odds over whether to end Treasury’s traditional independence in writing tax regulations and to give the budget office more oversight of those rules. If an agreement is not reached soon, the president may have to weigh in and make the decision himself.
The debat..