Meta has managed to get 33 US states to agree on something
An unusually united front among more than three dozen states suggests lawmakers are taking online health risks seriously, not unlike the way they pushed back decades ago on Big Tobacco.
2023-10-25 18:57
Two economic indicators with with spooky significance
There are two numbers floating around econ media headlines lately that are (as we journalists love to say) psychological milestones.
2023-10-24 08:19
The Ivy League donor backlash is a PR nightmare, and that's the point
Yesterday, we talked about some of the big-name, deep-pocketed businessmen who were, to say the least, disappointed with their alma maters' responses to what they considered antisemitic behavior at Harvard and UPenn.
2023-10-20 09:58
From Birkenstock to Instacart: IPOs are in a rut
When a company goes public it's kind of like their bar mitzvah. They've reached adulthood and are ready to take responsibility for their actions.
2023-10-13 08:19
A report that foreshadows CPI is a mix of good and bad
Inflation's like a bad roommate who you're stuck living with until your lease is up.
2023-10-12 09:24
Birkenstock is now an $8 billion company
It's official: Birkenstock will be making its debut on the New York Stock Exchange Wednesday under the ticker symbol BIRK.
2023-10-11 17:55
Your investments may be haunted
October is known to be a spooky month and stocks don't have a good track record of getting spared.
2023-10-06 10:23
McCarthy's ouster could hurt the US economy
The fights between Washington lawmakers have become increasingly vicious even when the stakes could not be higher. Squabbles on the Hill have consequences, and the latest may lead to another credit downgrade that could seriously damage the US economy.
2023-10-04 09:17
The world shed 3.5 million millionaires in 2022 as market losses drained wealth at the top
Last year, as interest rates rose and inflation stayed stubbornly high, total household wealth declined for the first time since the 2008 financial crisis.
2023-08-17 06:20
Bob Iger is supposed to save Disney. It's not going according to plan
When Bob Iger returned to the helm of Disney nine months ago, after a brief retirement, the company and its shareholders seemed to breathe a collective sigh of relief.
2023-08-09 19:29
You'd have to work five lifetimes to make what your boss makes in one year, report shows
The gulf between a CEO's paycheck and their typical employee's has always been vast. But the advent of AI is already threatening to exacerbate that gap, enriching the C-suite at the expense of their employees, according to a new report from the AFL-CIO.
2023-08-04 05:57
Rampant DC dysfunction made America's credit downgrade inevitable
For only the second time in history, America lost its perfect rating on its long-term debt — the exact thing everyone said would happen when lawmakers decided to play chicken with the full faith and credit of the United States.
2023-08-03 17:29