Money

Why an Olympic gold medalist and former NFL player cofounded a subscription coffee brand

This is an installment of Startup Year One, a special series of interviews with startup founders about the major lessons they have learned in the immediate aftermath of their businesses’ first year of operation. Coffee has always been at the heart of Shawn Johnson East and Andrew East’s relationship. When Shawn was on the Olympic …

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The pandemic’s ‘new poor:’ Poverty in parts of Asia could rise for the first time in 20 years

Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. The coronavirus pandemic could push 38 million people into poverty across East Asia and the Pacific as the region’s collective economy grows at its slowest pace in 50 years, according to the World Bank. …

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Plastic-eating ‘Pac-men’: Researchers say enzyme cocktail could revolutionize recycling

Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. A new “enzyme cocktail” could be happily munching plastic at recycling sites within a couple years, according to British and American researchers. The technique wouldn’t just help to deal with the problem of ever-increasing …

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China’s most popular holiday travel destination is in Wuhan, the one-time COVID epicenter

China’s October National Day holiday will be the country’s largest movement of people since before the pandemic, providing a chance for China to definitively show that life is back to normal in the country where COVID-19 first emerged. Over the eight-day, ‘Golden Week’ holiday that starts Oct. 1, Chinese travelers are expected to make 600 …

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Everything you need to know about the first Trump vs. Biden presidential debate

Here we go: after all the accusations and attack ads, President Donald Trump and former Vice President Joe Biden face off Tuesday night in the first of three debates leading up to the November 3 presidential election. The debate arrives after a news-packed weekend that saw President Trump nominate Amy Coney Barrett to succeed the …

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JPMorgan called senior traders back to the office—but consumer staff is working from home until 2021

JPMorgan Chase & Co. told thousands of office workers across its consumer unit they can plan to continue working remotely until next year, breaking with the firm’s Wall Street operations, which mandated that senior traders return to work. The directive, which was communicated to staff in several memos Monday, applies to most U.S.-based employees in …

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The biggest takeaway from the New York Times tax exposé? Trump is a lousy businessman.

The New York Times’s blockbuster report on President Trump’s taxes, published Sunday evening, offers no shortage of revelations: Trump, according to the Times, paid just $750 in federal income tax in 2016, the year he was elected President—and paid the same paltry sum in 2017, his first year in the White House. In the decade …

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House Democrats are working on another stimulus package. What we know so far

On Monday we learned what House Democrats plan to include in their new $2.2 trillion stimulus bill. This bill is scaled back from the $3 trillion Democrat-proposed HEROS Act, which passed in the House back in May but died without a vote in the Republican controlled Senate. If this new bill passes the House, it’s …

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