Author: Editor

A New York City tax proposal targeting ultrawealthy homeowners is drawing fierce backlash from business and financial figures. Loading audio narration… “NYC is cooked,” wrote Austin-based entrepreneur Jason Calacanis in a post on X, capturing a wave of alarm among investors, executives, and conservative commentators after Gov. Kathy Hochul and Mayor Zohran Mamdani introduced a plan to tax second homes in the city valued above $5 million.Mamdani said that the so-called pied-à-terre tax is expected to raise roughly $500 million annually to fund priorities such as childcare, transportation, and public safety. The tax has not yet been enacted, and implementation…

D4vd arrives at Variety’s Power of Young Hollywood on Aug. 8, 2024, in Los Angeles. Jordan Strauss/Invision/AP/Invision hide caption toggle caption Jordan Strauss/Invision/AP/Invision LOS ANGELES — Singer D4vd has been arrested on suspicion of killing a 14-year-old girl whose decomposed body was found last year in his apparently abandoned Tesla that was towed from the Hollywood Hills, authorities said Thursday. Los Angeles police said in a brief statement that the 21-year-old Houston-born alt-pop singer whose legal name is David Burke was being held without bail on suspicion of murder after his arrest in the investigation of the killing of Celeste Rivas Hernandez. Police said investigators would…

When you heard Emma Grede say she spends about three hours a day with her children on the weekends, what was your reaction?I’ve actually lived that experience, but from the child’s perspective. My mom was a corporate banker in the 90s, and she was probably away from home just as much.What I remember is that most of our time together happened in the mornings and evenings, which are the busiest parts of the day. You’re getting ready for school, winding down, doing dinner, and baths. So it made me think about whether those are actually quality hours.I also immediately thought…

Netflix cofounder Reed Hastings will soon leave the company he helped turn from a DVD rental business into a streaming TV giant. Loading audio narration… Hastings won’t seek reelection to Netflix’s board and will split from the company in June, Netflix said on Thursday as it shared its first-quarter earnings report.Hastings, who was Netflix’s CEO until 2023, will focus on “philanthropy and other pursuits,” the company said. The Netflix cofounder’s philanthropy includes giving $1.1 billion to the Silicon Valley Community Foundation, a large Bay Area charity, and helping launch the Hastings Initiative for AI and Humanity at Bowdoin College.Hastings has…

Netflix’s post-Warner Bros. honeymoon is over. Loading audio narration… Wall Street wasn’t pleased with the streaming giant’s first-quarter earnings report, which was also its first since it backed out of its bid for WBD’s streaming and studio assets.Netflix’s stock dropped by over 9% in after-hours trading. Netflix beat both revenue and earnings estimates last quarter, the company told investors on Thursday afternoon. However, Netflix’s second-quarter guidance came in below Wall Street’s estimates.Netflix also announced that cofounder and former CEO Reed Hastings will leave the board in June.”Netflix changed my life in so many ways, and my all‑time favorite memory was…

Rear Admiral Erica G. Schwartz.U.S. Department of Health and Human ServicesPresident Donald Trump on Thursday nominated Erica Schwartz to serve as director of the Centers for Disease Control and Prevention, concluding a monthslong effort to choose a permanent leader of the embattled health agency. Schwartz, who will have to be confirmed by the Senate, would take over the role as Health and Human Services Secretary Robert F. Kennedy Jr. oversees a string of controversial health policy changes at the agency, including an overhaul of childhood vaccine recommendations.Schwartz served as deputy surgeon general during the first Trump administration, where she played a…

In November, Allbirds told shareholders it was on the brink of insolvency. Transforming the shoe company into an AI compute company is its last-ditch plan. Loading audio narration… It won’t be easy.Allbirds, which intends to change its name to NewBird AI, currently lacks the money, the physical assets, the expertise, and the relationships it will need to compete in an increasingly crowded space, AI industry insiders say. Here’s what the company would have to do to reinvent itself.Raise more moneyAllbirds last month said it had sold its shoe business and the underlying intellectual property for $39 million. The company Wednesday…

A federal jury found that Live Nation and Ticketmaster, which merged in 2010, have been stifling competition and overcharging consumers when it comes to live events. Paul Sakuma/AP hide caption toggle caption Paul Sakuma/AP A federal jury in Manhattan found that Ticketmaster and its parent company, Live Nation, have been acting as a monopoly, stifling competition and overcharging consumers. But that doesn’t mean your next concert ticket will automatically be a better deal. Wednesday’s verdict is a legal win for the 33 states and Washington, D.C., that accused the company of wielding its immense power over too many aspects of…

Piotr Swat | Lightrocket | Getty ImagesAs its high-margin compounded GLP-1 business evolves, Hims & Hers Health may be finding a new opportunity in peptides. Shares of the telehealth company jumped Thursday after HHS Secretary Robert F. Kennedy Jr. announced Wednesday that the FDA plans to convene a Pharmacy Compounding Advisory Committee meeting to review peptides for potential inclusion on the 503A bulk list, a designation that allows drugs to be compounded on an individual prescribed basis rather than mass producing. For Hims, the bigger story is how expanding compounding for peptides could unlock new revenue streams as it directs…

The Netflix logo is seen on an office building in Los Angeles, California, on Feb. 5, 2026. Michael Yanow | Nurphoto | Getty ImagesNetflix kicks off earnings season for media companies on Thursday with a quarterly report that Wall Street hopes will give more updates on the company’s path forward after walking away from its proposed deal for Warner Bros. Discovery. Here’s how Netflix is expected to perform when it reports results for the first quarter of 2026, according to estimates from analysts polled by LSEG:Earnings per share: 76 cents estimatedRevenue: $12.18 billion estimatedLast quarter Netflix’s management focused much of its earnings…