Author: Editor

Mayor Zohran Mamdani is rolling out his city-run grocery stores — and New York City has a lot to learn from metros that have done the same thing.The five NYC stores, which the city says will open by 2029, plan to offer shoppers a 30% discount on core goods like meat, dairy, and fresh produce through government subsidies offered to private operators that will run the stores.In other cities, lawmakers have opened city-run stores through a series of grants and loans. Some, such as a public-private partnership-run supermarket in Atlanta that closely resembles Mamdani’s proposal, are financially viable. Other experiments…

Somewhere between “when you have a job, you can buy whatever you want” and “you’ll never have to worry about money” are the money lessons every child needs to hear to build their own money skills.As a certified public accountant, I’ve spent a career watching the end results of money silence. Every newly married, single, or widowed person who sits across from me, often middle-aged, is learning about debt, investing, wage negotiation, and taxes (of course, taxes) seemingly for the first time. It never ceases to blow me away.I decided early on that my kids, now 17 and 18, would…

This as-told-to essay is based on conversations with Sofia Jiang, a 23-year-old marketer and founder, based in NYC. Her words have been edited for length and clarity.Last year, I was so grateful to get an investment banking job after I graduated. Then, about four months after I started, I quit.Investment banking is a prestigious and high-paying industry, so it feels like people admire you for getting the job, and it looks great on a résumé. However, once I was actually in the role, it became super clear to me that this wasn’t the place where I’d learn how to run…

At Atlas Financial Solutions, there’s a generational divide that’s highlighted by the flip of a switch.”I like the bright light,” Amanda DiGiacomo, the owner of the Bakersfield, California, firm (and avowed millennial), told Business Insider. “I just feel like I can see the computer screen better. My eyes can focus on it more, and it feels like I’m not about to go to sleep.”The office’s younger employees don’t agree.”It makes me feel pressured, and maybe anxious,” Reyna Arredondo, a payroll specialist and Gen Z-er, said.In-office debates over the “big light” — often the bright, cool-colored fluorescent strips jammed into commercial…

Jason Rohlf, 56, moved to New York City from Milwaukee in 1999. As a full-time artist, he and his family have lived in the same Williamsburg loft for roughly 27 years, with rent protection under the NYC Loft Law.The around 1,300-square-foot loft doubles as his home and studio. Yet, although the Loft Law statute protects these industrial lofts inhabited by artists, preserving the space has required lawyers, legal expenses, and years of uncertainty.”Every time the state says, ‘Oh, we’re going to revisit the loft law,’ you get an email, and everybody’s panicking,” he said. “I don’t think many people’s lifestyles…

A new filing in a lawsuit from a fired WPP executive alleges that Sony, one of the ad giant’s major partners, investigated the company and concluded it had improperly withheld rebates from clients.The lawsuit says that Sony presented the findings of its investigation to WPP in 2025 in a detailed analysis that said the ad agency giant operated what Sony called a “global crime scheme” across several markets, including China.The allegations have high stakes for WPP, which handles tens of billions of dollars in ad spending for some of the world’s largest companies. At its core, the lawsuit alleges WPP…

On X, not all engagement is equal.Elon Musk’s social media company on Thursday released the source code that determines how posts are recommended to users, the latest development in Musk’s quest to champion transparency on the platform.”The goal is straightforward — we want people to be able to answer for themselves whether a platform is limiting their reach, whether the system is fair, and why they see particular content,” the company said in an X post.Musk said on X that the decision to make X open source was to “improve fairness” and seek feedback for improvement.Here’s a breakdown of what…

It’s a tough environment for a founder trying to build the next-generation Facebook.With more apps than ever and the mainstay social media giants dominating people’s screen time, the competition is fierce. Investors, meanwhile, are pining after flashy AI deals.There was a peak in venture capital investment in social startups in 2021 — when apps like BeReal and Clubhouse were getting people excited for new challengers taking on Instagram and TikTok — according to PitchBook data, and the number of deals has declined each year since.That 2021 peak saw 239 deals totaling $2.2 billion, per PitchBook’s data of US transactions. In…

Lamborghini on Friday launched the Revuelto SV, a limited-edition hybrid version of its V12 Revuelto that’s the fastest and most powerful car ever built at its factory. The model is the latest in Lamborghini’s storied “SV” line, which began 55 years ago with the Miura SV and has showcased lighter, more aerodynamic and more powerful versions of its flagship supercars. The new hybrid supercar gets an electrified boost to add to “the adrenaline and the emotions” of driving a Lambo, the car’s product chief told CNBC.”The Revuelto SV gives our customers the opportunity to go beyond in terms of performance,”…

Buying second passports was once largely the preserve of the superrich, but one investment migration firm says that’s changing as more middle-class Americans shop for them.The investment migration industry has traditionally catered to those who can afford the six or seven-figure price tags of many “golden visas.” Peter Thiel, who was granted New Zealand citizenship in 2011 and temporarily relocated to Argentina this year, is among the billionaires to seek additional passports and residences.For wealthy Americans, acquiring another citizenship generally doesn’t eliminate their US tax obligations, but offers the freedom to live, travel, and work abroad.Data shared exclusively with Business…