Afternoon Update: This Week’s Market Sell-Off May Not Be Such a Bad Thing

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Top News
Mike Pistillo, a specialist trader, at his post on the floor of the New York Stock Exchange on Friday.

The Upshot

This Week’s Market Sell-Off May Not Be Such a Bad Thing

By NEIL IRWIN

A remarkable run-up in stock prices probably needed a breather at a time when a range of markets had been starting to look a little bubbly.

A sign outside a Tokyo stock brokerage firm on Friday. Asian markets continued a sell-off that reverberated on Wall Street on Thursday.

Stocks Plunge Sharply for a Second Day on Wall Street

By PETER EAVIS

The downturn threatens to end one of the longest bull runs in the history of the United States stock market.

Sadjad Ghoroghi, who runs a mining company in Zanjan in northwestern Iran. He said he had long dreamed of finding a foreign investor willing to help expand his operations.

Iran Prepares to Lure Foreign Investors After Nuclear Deal

By THOMAS ERDBRINK

Iranian officials have gone out of their way to emphasize that once sanctions are lifted, nothing stands in the way of foreigners snapping up assets.

Senator Joseph R. Biden Jr., center, in 1994 when he was chairman of the Senate Judiciary Committee. Mr. Biden helped pass the 1994 Violent Crime Control and Law Enforcement Act.

Joe Biden’s Role in ’90s Crime Law Could Haunt Any Presidential Bid

By NICHOLAS FANDOS

A bipartisan coalition of activists and lawmakers is trying to undo the era of mass incarceration they say the 1994 crime bill helped create.

A view from atop 1 Times Square.

Challenging Mayor de Blasio Over Times Square Plazas

By MICHAEL KIMMELMAN

The idea of ripping up the pedestrian spaces and forcing people to dodge traffic again runs headlong into a policy to improve safety.

Rob Michalak has worked for Ben & Jerry's on and off for 26 years and is now director of social mission. He says that the company is having a bigger impact than before because of its increased size.

Revalued

How Ben & Jerry’s Social Mission Survived Being Gobbled Up

By DAVID GELLES

Despite a rocky start, Unilever’s acquisition of the ice cream maker became a case study in how small companies can maintain their identities inside conglomerates.

High-rise construction towers over the traditional one and two-story buildings along the Sunset Strip on Sunset Boulevard in the West Hollywood neighborhood of Los Angeles.

As Another Club Closes, Sunset Strip’s Evolution Continues

By ADAM NAGOURNEY

New construction looms over the famous nightclubs that have long defined a stretch of Sunset Boulevard in West Hollywood, a transformation many find jarring.

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The warehouse in Tianjin that exploded was just one of many buildings across China that store toxic chemicals near residential areas.

Dr. Dre at the movie premiere for

ARTS

Dr. Dre Apologizes to the ‘Women I’ve Hurt’

By JOE COSCARELLI

“Straight Outta Compton" ignored old allegations that Dr. Dre abused women. They resurfaced anyway.

Today’s Video

Video Video: This Week’s Movies | August 21, 2015

The New York Times film critics review “American Ultra," “Grandma" and “Sinister 2."

Video Video: The Dusty Guy

Pajtim Osmanaj helps to tile over a mural he created in his spare time as a worker at a condo being completed in West Chelsea.

Robert Hodge, a farmer and syrup producer, inside his sugar shack in Bury, Quebec, in May.

Video Video: The Darker Side of Maple Syrup

A barrel of maple syrup from Quebec is worth more today than a barrel of crude oil. Producers are reaping the benefits, but not all agree with the tactics that whipped the supply chain into shape.

Business
U.S. Oil Prices Drop Below $40 for First Time Since 2009

By REUTERS

The rise in rigs, which is emerging now after a second quarter lull in prices, is adding to concerns American shale production is proving slow to respond to falling prices, prolonging a global glut.

A SoulCycle class in the West Village. In recent years, the fitness chain has developed a cultlike following among celebrities and hedge fund wives.

Investors Hope to Ride Swell of SoulCycle Fever in Coming I.P.O.

By JULIE CRESWELL

Boutique fitness centers that cater to those willing to pay more for a good sweat are on the rise, and wealthy backers are betting this market is more than a craze.

Gay Couples Are Eligible for Social Security Benefits, U.S. Decides

By TARA SIEGEL BERNARD

The Justice Department said the Social Security Administration would apply the Supreme Court’s June ruling declaring marriage a constitutional right retroactively.

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