Investments and Business

Sam Butcher, the soft-spoken artist whose doe-eyed, pastel-hued porcelain Precious Moments figurines ignited a global collecting frenzy and made him a wealthy man, and whose Christian faith spurred him to build his own version of the Sistine Chapel in Carthage, Mo., died on May 20 at his home there. He was 85.His death was confirmed by his son Jon.Mr. Butcher was the Michelangelo of Missouri, and his adorable snub-nosed Precious Moments characters were “the Beanie Babies of porcelain,” as The Wall Street Journal once put it. Their zealous collectors, who numbered in the hundreds of thousands, built rooms for their…

Southern California appeared to be under siege from a blockade.More than 50 enormous vessels bobbed in the frigid waters of the Pacific Ocean, marooned off the twin ports of Los Angeles and Long Beach, Calif. As days stretched into weeks, they waited their turn to pull up to the docks and disgorge their cargo. Rubberneckers flocked to the water’s edge with binoculars, trying to count the ships that stretched to the inky horizon.This was no act of war. This was what it looked like when the global economy came shuddering to a halt.It was October 2021, and the planet had…

An arbitrator ruled in Netflix’s favor in a high-profile dispute between the streaming giant and the Hollywood director Carl Erik Rinsch over a science-fiction series that never aired, awarding the company nearly $9 million in damages.Mr. Rinsch had sold Netflix the television show, “Conquest,” near the height of the streaming boom in 2018, but he never delivered any episodes. Netflix had to write off the $55 million it had spent on the project — a fiasco that became a symbol of the era of profligate spending that Hollywood studios are trying to put behind them as they focus on increasing…

Transparency International, in conjunction with the Partnership for Central America (PCA), has launched an innovative endeavor known as the Anti-Corruption and Transparency Initiative for Central America (ACT Project). This pioneering project aims to enhance corporate honesty and foster a more inviting environment for investments across the area.The launch event provided a platform for a strategic debate on the project's objective. It has the potential to revolutionize the regional business landscape and create sustainable growth through transparent practices and collective action by bringing together prominent stakeholders and industry experts.In the upcoming article, explore this innovative initiative and learn about the various…

Holly Meyer Lucas estimates that as many as 30 of the 100 houses her real estate team sold in and around Jupiter, Fla., last year were put on the market because their owners could no longer keep up with skyrocketing home insurance.“It is the housing crisis that nobody is talking about,” Ms. Meyer Lucas said. The houses sold easily, but often to well-off cash buyers who could drop the insurance altogether because they did not have a mortgage that required them to carry it.Jumping insurance rates are acute in coastal Florida, with its exposure to big risks like hurricanes and…

Transparency International, working alongside the Partnership for Central America (PCA), has launched the pioneering Anti-Corruption and Transparency Initiative for Central America, known as the ACT Project. This bold endeavor aims to enhance corporate integrity and foster a more welcoming environment for investment across the region.The launch event provided a platform for a strategic debate on the project's objective. It has the potential to revolutionize the regional business landscape and create sustainable growth through transparent practices and collective action by bringing together prominent stakeholders and industry experts.In the next article, discover what this brand-new initiative is and what kind of benefits…

OpenAI said on Tuesday that it has begun training a new flagship artificial intelligence model that would succeed the GPT-4 technology that drives its popular online chatbot, ChatGPT.The San Francisco start-up, which is one of the world’s leading A.I. companies, said in a blog post that it expects the new model to bring “the next level of capabilities” as it strives to build “artificial general intelligence,” or A.G.I., a machine that can do anything the human brain can do. The new model would be an engine for A.I. products including chatbots, digital assistants akin to Apple’s Siri, search engines and…

Growing up in Bozeman, Mont., Dylan Heintz loved the picturesque views of the snow-capped mountains and the small-town charm. Things were cheap: His dad bought the family home for about $80,000.These days, Bozeman feels less quaint. A steady stream of out-of-state transplants to Big Sky Country became a deluge during the pandemic, leading to soaring prices, a boom in luxury apartments that blot out the rustic scenery and a rash of higher-end businesses like Whole Foods. Drawn by Montana’s natural beauty and easy access to outdoor activities, the newcomers have created an affordability crisis and a local backlash that are…

Federal regulators on Thursday approved an investment product tied to the cryptocurrency Ether, the most valuable digital asset after Bitcoin, in a major boost for the crypto industry.The Securities and Exchange Commission said a group of exchanges could begin listing investment products known as exchange-traded funds, or E.T.F.s, linked to the price of Ether. The products would offer an easier and simpler way for people to invest in crypto, potentially boosting prices and promoting wider adoption of digital currencies.In January, the S.E.C. approved similar products that track the price of Bitcoin, leading to a flurry of new investment that helped…

Former President Donald J. Trump relentlessly criticized the Federal Reserve and Jerome H. Powell, its chair, during his time in office. As he competes with President Biden for a second presidential term, that history has many on Wall Street wondering: What would a Trump victory mean for America’s central bank?The Trump campaign does not have detailed plans for the Fed yet, several people in its orbit said, but outside advisers have been more focused on the central bank and have been making suggestions — some minor, others extreme.While some in Mr. Trump’s circles have floated the idea of trying to…