New York Times Business News - January 14
These are the most popular stories from the New York Times' business pages. These stories have not been verified and we cannot vouch their accuracy.
The Securities and Exchange Commission fined Robinhood $45 million on Monday, for violations that occurred between 2019 and 2023. These included failures to safeguard sensitive customer data, the use of encrypted messaging apps by employees, and basic errors in bookkeeping.
Cleveland-Cliffs' CEO Lourenco Goncalves announced plans on Monday for a possible takeover of U.S. Steel. He called it an "all-American solution" following the decision by U.S. Vice President Biden to block Nippon Steel from acquiring U.S. Steel.
Elon Musk will use the Eisenhower Executive Office Building adjacent to the White House to run the Department of Government Efficiency, a department tasked with reducing spending under the Trump administration.
The U.S. Supreme Court refused to hear on Monday a bid from Sunoco and others oil companies to quash a lawsuit filed by Honolulu that accused them of deceiving the public about climate change caused by burning fossil fuels for decades. (Compiled by Bengaluru Newsroom)
(source: Reuters)
