News

The Daily Beast’s New Bosses Plan Buyouts to Cut Losses
The Daily Beast’s new leaders will do a round of voluntary buyouts intended to cut costs by $1.5 million, in one of their first major moves to try to...
Top FTX Executive Sentenced to Seven and a Half Years in Prison
Ryan Salame, a top executive at the collapsed cryptocurrency exchange FTX, was sentenced to seven and a half years in prison on Tuesday, making him the first of Sam...
BuzzFeed Clashes With Vivek Ramaswamy
BuzzFeed’s newest activist investor, the former Republican presidential candidate Vivek Ramaswamy, wants the company to consider moves like hiring the former Fox News host Tucker Carlson and the NBA...
I.R.S. Failed to Police Puerto Rico Tax Break, Whistle-Blower Says
For the past decade, thousands of wealthy Americans have been flocking to Puerto Rico to take advantage of a tax break that can cut their tax bills to zero....
Adam Neumann Gives Up on Buying Back WeWork
Adam Neumann has officially admitted defeat in his quest to buy back WeWork, ending his bid to acquire the co-working company that he helped found in 2010 and built...
A Final Graduation Requirement: Making Sense of Protest
Standing on the stage at Radio City Music Hall, Mariame Sissoko began to speak in a voice trembling, ever so slightly. Growing up in Philadelphia, Sissoko was outspoken, a...
Big Oil’s Winning Streak Forces Activist Investors to Regroup
Big Oil’s big climate showdown Months of tensions between oil majors and activist investors could reach a boiling point at the annual meetings of Exxon Mobil and Chevron Wednesday,...
OpenAI Says It Has Begun Training a New Flagship A.I. Model
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...
If A.I. Can Do Your Job, Maybe It Can Also Replace Your C.E.O.
As artificial intelligence programs shake up the office, potentially making millions of jobs obsolete, one group of perpetually stressed workers seems especially vulnerable.These employees analyze new markets and discern...
Want to Succeed as an Artist? Click Here.
The idea is simple: Artists upload high-resolution images of their work. A fulfillment center prints and ships editions direct to consumers, at different sizes, on materials that range from...
London Moves to Revive Its Reputation as a Financial Hub
Shein, the online retail giant founded in China, had grand ambitions to go public in New York. But as relations between Washington and Beijing soured, the ultrafast fashion company...
Business-First Hong Kong Now Comes With a Catch: Beijing Politics
Doing business in Hong Kong increasingly comes with a new risk: the political cost of upsetting Beijing.Chinese clients recently dropped one big Chicago law firm after it recused itself...