X, the social media company formerly known as Twitter, could lose as much as $75 million in advertising revenue by the end of the year as dozens of major brands pause their marketing campaigns after its owner, Elon Musk, endorsed an antisemitic conspiracy theory this month. Internal documents viewed by The New York Times this…
After a monthlong trial and about four hours of deliberation, a jury convicted the FTX founder Sam Bankman-Fried of seven counts of fraud and conspiracy last week. He had been accused of stealing billions of dollars from his cryptocurrency exchange’s customers and investors, funneling the money into his investments and extravagant spending. Now, Judge Lewis…
The Consumer Financial Protection Bureau wants to extend its watchdog powers to cover digital wallets and payment apps run by companies like Apple, Google, PayPal and Block, which do not have traditional banking operations. The bureau proposed a new rule on Tuesday that would subject large companies — those that process more than five million…
Losing the Fear At first, Sept. 11 seemed like the worst thing that could happen, but it turned out to be just the beginning. “There were lots of hard moments,” Ms. Woroniecka said. “Obviously 2008. Barneys going bankrupt — that was 25 percent of our wholesale revenue. Covid was a big one.” It wasn’t only…
Sam Altman, the high-profile chief executive of OpenAI, who became the face of the tech industry’s artificial intelligence boom, was pushed out of the company by its board of directors, OpenAI said in a blog post on Friday afternoon. The move set off a reshuffling at OpenAI, a groundbreaking A.I. company and the maker of…
Stocks and bonds rallied on Friday, extending a sharp reversal after fresh data about the health of the U.S. labor market capped a tumultuous week for investors. The 10-year government bond yield, which underpin rates on everything from mortgages to business loans, dropped more than 0.1 percentage points on Friday, another large decline for a…
“Girls in the Windows” wasn’t made by an art world giant, but people keep buying it. And buying it. And buying it.
Peter Seidler, the San Diego Padres owner who spent hundreds of millions of dollars on the as-yet elusive goal of bringing the city its first World Series title, died on Tuesday in San Diego. He was 63. His death was confirmed in a statement on Tuesday from the Padres. A cause was not disclosed. Seidler,…
The union that represents movie and television actors said on Friday that its national board had voted with 86 percent support to send a tentative contract with studios to members for ratification. The ratification process will start on Tuesday and end the first week in December. Actors can go back to work immediately, however. Members…
Jeremy Scott had just started interviewing for the job of creative director at Moschino when he had an epiphany of sorts while driving through Los Angeles. “I saw the iconic McDonald’s logo,” Mr. Scott said, “and it just hit me: Moschino, McDonald’s.” “I’ve always been very much about pop culture,” he added. He got the…