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A decades-old New York City-based multimedia publishing company known for producing high-end illustrated books has filed for bankruptcy, revealing in court papers that it owes hundreds of thousands to music icon Bob Dylan. Loading audio narration… Callaway Arts & Entertainment, Inc. filed for Chapter 11 bankruptcy protection — a process that allows a company to restructure its debts under court supervision — in Manhattan federal bankruptcy court on Monday.Court filings by Callaway show that the company owes its 20 largest unsecured creditors more than $4 million, including $450,000 to Dylan and nearly $1.7 million to Hachette Book Group, one of…

This as-told-to essay is based on a conversation with Karena Plepel, a 43-year-old job seeker who lives in Illinois. She previously worked for Microsoft as a senior hub manager until being laid off in 2023. The following has been edited for length and clarity.My last few years at Microsoft were a roller coaster — one that ended with me losing my job.On July 10, 2023, I was pulled into an unexpected meeting with some of my colleagues; we had a sinking feeling about what it meant. Then, we learned we’d been laid off. The news didn’t come as a complete…

New data shows several Southern cities grew quickly last year, including some in Florida.The Census Bureau estimates indicate how the population changed in the 387 US metro areas from July 1, 2024, to July 1, 2025. Most experienced at least some population jump, but at a cooler pace than the same period a year earlier, mainly due to smaller net international migration. The agency said the population of metro areas increased 0.6% on average after a 1.1% increase in the same period a year prior.The metro areas of Ocala, Florida, and Myrtle Beach, South Carolina, had the fastest population increases…

As wealth taxes gain traction around the U.S., Sen. Elizabeth Warren is introducing a new bill that the Massachusetts Democrat said would raise trillions in federal revenue by placing new levies on people worth over $50 million. The bill, called the Ultra-Millionaire Tax Act of 2026, would impose an annual 2% tax on the net worth of households and trusts over $50 million, and an additional 1% tax on the wealth of billionaires. To deter the ultra-rich from leaving the U.S. to avoid the new tax, the bill also proposes a 40% “exit tax” on anyone worth more than $50 million who…

For longtime Citi banker Jay Collins, the rise of AI and robotics represents a threat to the future of capitalism that can’t be ignored.Collins, who is Citi’s group chairman of the public sector, has spent more than three decades advising government officials during times of crisis and financial duress.With AI and robotics, Collins sees a challenge to capitalism that policymakers and business leaders must address head-on.”We have to tweak it, remodel it, remake it to allow for this, just like we did during the Industrial Revolution,” Collins told Business Insider. “Unless you’re going to go to an authoritarian-type capitalist regime,…

When I first tried to open a restaurant, the numbers didn’t add up.I was getting construction quotes for $150,000 to $200,000, and I remember thinking, “There’s no way I can do this.” I had just graduated from the College of New Jersey, and the only real money I had was about $5,000 I’d made playing online poker during college.So instead of building a restaurant, I figured out how to borrow one.That’s how I launched Fat Shack in 2010 — operating out of a local bagel shop at night, after the owner closed for the day.The beginning was about as scrappy…

Sending packages through the mail is about to get pricier.The US Postal Service said on Wednesday that it’s planning to hike prices by 8% across several categories: Priority Mail Express, Priority Mail, USPS Ground Advantage, and Parcel Select.The postal service says this price hike is a “time-limited adjustment” that will help it cover its basic costs. The price change runs from April 26 to January 17, 2027.At that time, the USPS “can determine if a different long-term approach is needed.””Transportation costs have been increasing, and our competitors have reacted with a number of surcharges,” the postal service said in its…

MrBeast is learning the hard way that teens and crypto can be a perilous mix.YouTube’s top creator drew political scrutiny this week when Sen. Elizabeth Warren questioned his February acquisition of the fintech app Step.Warren sent MrBeast, whose real name is Jimmy Donaldson, a letter with a series of 11 questions, the first of which was whether his company would “allow users of Step to invest in or hold cryptocurrency or NFTs?”Step is a digital banking platform aimed at teens and young adults that offers savings accounts, a credit-building Visa card that works like a debit card, and a cash-advance…

Macro hedge funds have, for the most part, not been deft enough to avoid losses in this month’s market turmoil brought on by the strikes on Iran by the US and Israel.Brevan Howard’s Master fund, its longest-running strategy, has given back its 2026 gains after falling 6% this month through last Friday. Andrew Law’s Caxton Associates is down 15% on the month through last Friday, while Millennium-backed Taula Capital has lost more than 7% in over the same period.The funds either declined to comment or did not respond to requests for comment. Bloomberg first reported Brevan and Taula’s losses, while…

Sooner or later, AI will impact every job, in every industry, around the world.It’s a sentiment everyone can’t stop talking about, but the reality of it may not be as dramatic as recent headlines want you to think.With a real-time view into millions of job postings, Indeed has an insider look at how the workforce is changing. According to data from the Indeed Hiring Lab, about 95% of jobs posted on Indeed still don’t mention AI. What this points to in terms of AI’s impact on the workforce is perhaps something more gradual and optimistic: a redesign of roles, skills,…