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Highlights

  1. Fraud Trial to Begin for Ozy Founder Carlos Watson

    Mr. Watson’s lawyer has argued that many other media leaders lured investors with “puffing and bluffing,” and that Mr. Watson is being singled out because he is Black.

     By Benjamin Mullin and

    Carlos Watson, the founder of Ozy Media, leaving federal court in Brooklyn last year after his arrest on fraud charges.
    CreditJefferson Siegel for The New York Times
  2. Renting Forever and Trying to Create a Strong Financial Future

    Either by choice or because they are priced out of the market, many people plan to never stop renting. Building wealth without home equity requires a different mind-set.

     By

    Michael and Christy Rogers in the clubhouse of their apartment complex in Kingsport, Tennessee.
    CreditMike Belleme for The New York Times
  3. The High-Class Problem That Comes With Home Equity

    You may feel richer as you pay your mortgage down and home values go up. Using that equity is another matter entirely.

     By

    CreditRobert Neubecker
    your money
  4. Biden’s China Tariffs Are the End of an Era for Cheap Chinese Goods

    The president’s move to protect strategic manufacturing sectors from low-cost competition aims to increase jobs, but consumers might not like the costs.

     By

    President Biden signing an executive order imposing new tariffs on Chinese goods, including a 100 percent tax on electric vehicles.
    CreditDoug Mills/The New York Times
  5. Red Lobster, an American Seafood Institution, Files for Bankruptcy

    Facing challenges since the start of the pandemic, the seafood chain said it would reduce its locations and sell of most of its assets.

     By

    Dozens of Red Lobster outlets, including this one in Torrance, Calif., recently closed and auctioned off their equipment.
    CreditPatrick T. Fallon/Agence France-Presse — Getty Images

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  5. DealBook Newsletter

    A Safety Check for OpenAI

    Former employees of the ChatGPT maker raised concerns that it isn’t doing enough to make sure its products don’t pose a threat to humanity.

    By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni

     
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