Business
All the arguments for and against rent control miss this little fact. The wealthiest sometimes really like the arrangement when they get to benefit from it, and don’t own apartment buildings where the regulations put financial constraints on them.The original article from the Wall Street Journal (here’s a gift link…
During my decades-long campaign in the high-stakes world of energy trading and utility operations, I’ve seen two very different types of “battlefields.” The first is the one I entered as a young leader—a Darwinian, “survival of the fittest” environment where individuals competed fiercely for personal gain, and information was not…
In today’s world, where information is at our fingertips and artificial intelligence (AI) headlines dominate the financial press, it’s easy to wonder: Do high net worth individuals still need a human financial advisor? The answer, as revealed in the 2026 Value of an Advisor Study from Russel Investments, is a…
Avengers: Doomsday is going to be quite the experiment, assembling a brand new crew of Avengers that have to band together to take on Doctor Doom, possibly the most powerful foe they’ve faced, depending on what level of “God Emperor” he’s at.This set of Avengers is just a bit…underpowered. But…
Double-digit tariffs are back, and retailers are once again scrambling to keep tariff-imposed price increases from customers. New tariffs couldn’t come at a worse time. Nearly 60% of voters say the cost of living is the worse they have ever experienced, according to a Politico poll among 2,000 registered voters.…
Long-term care costs are rising even as families struggle to keep up with increases in their ordinary living expenses, making it tougher than ever to save for personal care needs in old age. That combination is raising interest in public long-term care insurance. But what would a public program cost?…
ToplineJulie Felss Masino, the CEO of Cracker Barrel who presided over a logo change that was slammed by loyal customers, conservative commentators and even President Donald Trump, will step down effective next month, the company said Monday, though it did not give a reason for her departure.TimelineNov. 1, 2023Masino, previously…
After proving themselves to be one of metal’s most eclectic bands on their daring 2023 LP, Life Is But a Dream…, Avenged Sevenfold’s latest EP STATICA, hasn’t been met with the same nuanced reaction from fans. Last week the Southern California metal band surprise released a brand new four track,…
Leonard Tannenbaum’s newest venture was supposed to be a sure thing. In 2020, after selling his previous company, Fifth Street, under a cloud of investor litigation and an SEC settlement, the veteran financier recast himself as a pioneering lender to underbanked cannabis firms. Weed was booming as Americans sat out…
ToplineJulie Felss Masino, the CEO of Cracker Barrel who presided over a logo change that was slammed by loyal customers, conservative commentators and even President Donald Trump, will step down effective next month, the company said Monday, though it did not give a reason for her departure.TimelineNov. 1, 2023Masino, previously…
ToplineLuxury goods mogul Bernard Arnault made his first ever post on social media Monday morning to amplify a three-page letter he addressed to leadership at Le Monde after the French newspaper—largely owned by his son-in-law—published a six-part expose about the billionaire and tensions among his potential heirs as a succession…
Following three weeks of indecisiveness, angst and mixed messaging, LeBron James finally determined his future.He announced that he will join the Philadelphia 76ers, a decision that shows he has prioritized the chance to collect two more Larry O’Brien trophies before the end of a planned 25-year NBA career. “I still…
Since the Philadelphia 76ers selected Joel Embiid in the 2014 draft, the franchise has built around the 7-foot center. It has not always gone smoothly, as Embiid has sustained several injuries, curtailing the team’s postseason hopes. Now, with the 76ers agreeing to a two-year deal with LeBron James, they do…
ToplineJulie Felss Masino, the CEO of Cracker Barrel who presided over a logo change that was slammed by loyal customers, conservative commentators and even President Donald Trump, will step down effective next month, the company said Monday, though it did not give a reason for her departure.TimelineNov. 1, 2023Masino, previously…
After decades of neglect, shipyard executives and forward-thinking politicians are finally realizing that workforce housing is important. In shipbuilding and advanced manufacturing, worker retention is critical in improving productivity. Access to affordable and nearby housing is a big part of that effort, and, in most shipbuilding centers, shipbuilders and politicians…
In today’s column, I examine the emerging clamor in the hallways of AI labs that the prevailing capabilities of generative AI and large language models (LLMs) are inherently limited and that we need to pursue a new pathway to make marked advances, consisting specifically of devising and infusing artificial wisdom…
The share price for SpaceX (Space Exploration Technologies Corp.) on the IPO day’s closing was $160.95. On June 16, a few days after the IPO, the price was $201.80. On Friday, July 24, just over a month later, shares closed at $115.07. That’s a drop of 28.5% from the initial…
ToplineJulie Felss Masino, the CEO of Cracker Barrel who presided over a logo change that was slammed by loyal customers, conservative commentators and even President Donald Trump, will step down effective next month, the company said Monday, though it did not give a reason for her departure.TimelineNov. 1, 2023Masino, previously…
One could sense from his spoken-word banter to his performance with his namesake band at Madison Square Garden Tuesday night that Jon Bon Jovi was grateful to be back on stage. In 2022, the singer underwent vocal cord surgery, putting Bon Jovi on hiatus from the road for four years,…
The IRS’s effort to convert paper tax documents into digital records is supposed to make tax administration faster and less dependent on manual processing. But a new watchdog memo raises serious questions about whether the private contractors entrusted with that work are adequately protecting taxpayer information.In an alert focused on…
Earlier this month, United Kingdom-based independent record store Rough Trade released a new vinyl edition of Sade’s Diamond Life. The reissue, which is now available on transparent wax, is part of the brand’s fiftieth-anniversary program, which will feature 50 beloved titles earning the treatment. While the rerelease was limited to…
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