Author: Editor

Gold girlies, rejoice: Tiffany & Co. will be moving away from silver jewelry.The New York-based luxury jewelry company is pivoting away from silver jewelry and going all in on gold and high jewelry, executives from its parent company LVMH said in a Tuesday earnings call.”Tiffany had excellent products, but we redirected the house so that it can develop in jewelry and high jewelry, fewer silver products,” said Bernard Arnault, the French luxury giant’s CEO.LVMH’s group managing director, Stéphane Bianchi, said Tiffany is “hugely focused” on silver products, but the group is pushing the brand toward gold and high jewelry. High…

UFC is already a hit for Paramount+.Paramount’s flagship streaming service generated about a million new subscribers on the day of its first-ever UFC event, Paramount product chief Dane Glasgow told employees in a town hall on Tuesday morning, three staffers who attended the meeting told Business Insider.A Paramount spokesperson said: “Those numbers are unverified, and it’s against our policy to share speculative data externally.”In August, Paramount did a deal with UFC parent TKO that will see it pay $7.7 billion to secure UFC rights in the US for seven years.Glasgow said at the town hall that Saturday was the second-largest day of…

An accuser using the pseudonym “Katie Moore,” who was the first government witness to testify, broke down in tears as she told the jury she was drugged and raped by Alon Alexander in 2012 when she was 20 years old.Moore said that she woke up naked with Alon Alexander standing over her, also naked, at the Manhattan apartment he shared with Tal Alexander, in the hours after an NBA Finals viewing party at the nearby penthouse of actor Zac Efron.”I was shocked, and I had no idea how I got there,” Moore testified, adding that she tried two or three…

A former Wall Street executive pleaded guilty on Tuesday to luring women to New York so he could drug and sexually assault them, including at his Central Park South apartment. He also pleaded guilty to included receipt of child pornography.Edward Gene Smith, 50, pleaded guilty in Manhattan federal court to four counts, including distributing a controlled substance with the intent to commit rape. He faces a maximum prison sentence of 80 years.Smith, a Harvard graduate, was working as a managing director at Citi until around the time of his initial arrest in July 2024 on child pornography charges, court documents…

The Internal Revenue Service posted a fact sheet Tuesday in the form of answers to frequently asked questions about its move away from paper checks to electronic payments for taxes and tax refunds.Processing ContentThe change comes in response to an executive order last March from President Trump mandating electronic payments and eliminating paper checks. The IRS announced last year that it would be phasing out paper checks by Sept. 30, 2025.”These FAQs support the executive order in its effort to reduce fraud, improve security, lower costs, and make payments to and from the IRS faster and more reliable,” IRS CEO…

Gayle King is tired of the negativity at CBS News and the grumbling about top editor Bari Weiss.During a company town hall on Tuesday, the “CBS Mornings” star said she was “very proud” of the work the broadcast network had been doing despite noise and criticism about Weiss’ editorial decisions.”This is very bumpy times for all of us, and we don’t know how it’s going to turn out,” King said in the all-hands meeting, according to an audio recording obtained by Business Insider. “But I do know that we want to work hard and do a good job.”King said Weiss’…

CBS News employees put top editor Bari Weiss in the hot seat during an all-hands meeting on Tuesday, asking about her vision and standards for the nearly century-old broadcast network.The first question in the Q&A part of her town hall asked how she would respond to criticism that CBS News is turning into “a right-wing network” under her leadership.”I’m here to do one thing. It’s not to be a mouthpiece for anybody. It’s simply to be a mouthpiece for fairness and the pursuit of truth,” Weiss said at the all-hands meeting, according to a recording obtained by Business Insider.Weiss, who…

The Maryland Association of CPAs visited the state capital in Annapolis to lobby for changes to CPA licensure and other laws. Processing ContentDuring the MACPA’s annual CPA Day, nearly 100 CPAs advocated for four key issues: supporting an additional pathway to licensure, opposing a sales tax on services, opposing efforts to replace Maryland’s contributor negligence standard with a comparative fault rule, and supporting proper budget funding for the Maryland Comptroller’s Office. “When CPAs come to Annapolis for CPA Day, they’re not showing up to advocate for themselves — they’re showing up for their clients, for Maryland’s small businesses, and for taxpayers across…

Former top ultra-luxury real estate broker brothers Oren and Tal Alexander, along with a third sibling, are sexual predators who together raped dozens of women and girls and then “celebrated their crimes,” a federal prosecutor told jurors on Tuesday.Over more than a decade, Tal, Oren, and Oren’s twin, Alon Alexander, “used whatever means necessary” — including drugging victims and using “brute force” — to carry out the attacks, Assistant US Attorney Madison Reddick Smyser said in her opening statement at the brothers’ Manhattan sex-trafficking trial.The Alexander brothers face a dozen felony counts, including conspiracy to commit sex trafficking, sex trafficking…

A group of Senate Democrats and the Treasury Inspector General for Tax Administration are raising questions about the impact of deep funding cuts at the Internal Revenue Service this tax season.Processing ContentThe top Democrat on the Senate Finance Committee, ranking member Ron Wyden, D-Oregon, joined by nine of his Senate colleagues, warned the Trump administration that its cuts to the IRS’s budget and staffing would disproportionately increase the audit rates of lower-income taxpayers, while increasing the agency’s reliance on artificial intelligence for tax audits.”As we debate funding levels, no one has to theorize about the likely effects of steep budget…