Author: Editor

Hollywood has spent a couple of years trying to figure out Skydance CEO David Ellison, who now runs the companies formerly known as Paramount and Warner Bros. Discovery.Now they have a new character to get to know: Ynon Kreiz, Ellison’s newly appointed co-CEO.Kreiz, who is expected to co-host a press event with Ellison on Tuesday night, comes to Skydance from Mattel, where he is best-known for two things: engineering a deal with Warner Bros. and actress Margot Robbie to produce the colossally successful “Barbie” movie — and taking an ax to the toymaker’s payroll, by laying off 22% of its…

Ray Dalio says the US is careening toward a debt crisis before the end of this decade.The billionaire investor said in a Bloomberg Television interview on Tuesday that he anticipates a debt crisis “within the next three years,” or by the fall of 2029.The author of “How Countries Go Broke” and founder of hedge-fund behemoth Bridgewater Associates said the scale of the national debt and the rate at which it’s growing mean we’re “approaching our limits.”US debt breached the $40 trillion mark in August, representing an inflation-adjusted increase of more than $10 trillion, or over 33%, since 2019.Dalio said that this trajectory is…

The Paramount Studios in Los Angeles, California, Nov. 9, 2025.Ethan Swope | Bloomberg | Getty ImagesIt’s been just over a year since Paramount Skydance set out to buy one of Hollywood’s most iconic institutions. After repeated rejections, a subsequent bidding war, a series of regulatory approvals, an antitrust challenge by state attorneys general and a timely settlement, the David Ellison-run company is set to close its acquisition of Warner Bros. Discovery on Tuesday.The combined company, what amounts to one of the largest media conglomerates in history, will be newly named Skydance and trade under the ticker symbol “SKYD.” It will…

You drive by Costco and see the parking lot teeming with cars. The left-hand turn lane to enter is backed up 50 yards. The gas station is packed with people planning to head inside after they fill up. It’s the busiest intersection in town.But then you pull up a stock chart. Shares are down 16% since a peak in May. You’re confused. Didn’t you just read that earnings were strong this past quarter?The stock underperformance isn’t just a Costco issue. Walmart — another retailer that shoppers have historically traded down to when trying to spend less — has an eerily…

Some companies are giving an unusual kind of layoff warning: Cuts are coming, though you might have to wait weeks or months to learn whether your role was affected.Nike did this last week, saying in a statement that it would make decisions about affected roles starting in 2027 and beyond. Earlier this year, Meta and GitLab also announced plans for future cuts before identifying who they would let go. Typically, businesses notify affected employees and the rest of the company on the same day.A lengthy heads-up can give workers time to find a new job. It might also encourage some…

The housing market is still mired in a slowdown, but there’s good news for buyers: home prices are coming down.Price cuts are becoming more common in housing markets across the country, a testament to how the real estate market has increasingly shifted toward buyers mortgage rates have steadily climbed in 2026. Around 21% of sellers with active listings cut their asking price for their home in the four weeks leading up to September 20, according to a recent Redfin analysis. It marks the highest proportion of sellers that have slashed prices in this time of the year since at least…

A demonstrator waves a “Protect Free Speech” sign following a protest against the suspension of the “Jimmy Kimmel Live!” show, held near the theater where the show is produced in Hollywood, on September 22, 2025 in Los Angeles, California. Mario Tama/Getty Images North America hide caption toggle caption i Mario Tama/Getty Images North America A federal court in Washington, D.C., is to play host to a legal battle Tuesday morning pitting the Walt Disney Co. against the nation’s chief broadcast regulator over just how far First Amendment protections can go during the presidency of Donald Trump. President Trump has repeatedly…

This as-told-to essay is based on a conversation with Oliver Kharraz, the 53-year-old CEO and cofounder of Zocdoc, based in New York City. It’s been edited for length and clarity.I grew up in Germany and attended college in Munich. I got an MD and a doctorate in neuroscience. I became the most recent doctor in a 300-year family tradition, and previously practiced clinically.During college, I built my first company. I provided internet access to a few local companies and offered data storage and remote access solutions. I had the choice to either drop out of college and make it internet-ready…

FBI Director Kash Patel testifies during a Senate Judiciary Committee hearing in September 2026 in Washington, D.C. Win McNamee/Getty Images hide caption toggle caption i Win McNamee/Getty Images FBI counterintelligence squads—specialized units dedicated to tracking and ferreting out foreign spies—have been hit with deep cuts across the country, even as the U.S. faces a growing array of adversaries intent on stealing the nation’s secrets, according to five people familiar with the matter. The staffing shortages are so significant that in many of the FBI’s 56 field offices, counterintelligence squads only have 50% to 60% of positions filled. In multiple field…

UFC CEO Dana White said the dream of flexible hours is a trap for aspiring entrepreneurs.Speaking to Steve Bartlett on Monday’s episode of “The Diary of a CEO” podcast, White spoke about why he doesn’t believe that a successful business could be built by working from home.”It’s impossible. You can’t do it. I’m in the office from 8:30 in the morning, and I don’t leave the office till 7, 8, 9, 10 sometimes,” White said.Even on days when his schedule was fully planned, spontaneous conversations with colleagues could surface new issues, spark ideas, and change the course of his day.”A…