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What do you do if you’re a big media company that owns a bunch of cable TV networks?In many cases, you try to get rid of them. Just this week, Disney dumped its half-ownership of A&E and other networks for $1.2 billion,Versant CEO Mark Lazarus doesn’t have that option: The…
If you look closely at a patch of skin on Zendaya’s ribcage, you’ll spy a tiny, discreet “T” tattooed in black ink. Her longtime partner, Tom Holland, has a similarly easy-to-miss “Z” tattoo tucked beneath his left arm.The permanent tributes to each other’s initials go unseen at most events and…
Little treats are getting littler.With US shoppers under seemingly never-ending strain, large consumer product companies are finding success in introducing smaller formats that won’t break the bank.In earnings reports this week, executives from Coca Cola, Mondelez, Proctor & Gamble, and Hershey acknowledged that consumers were responding to the new price…
The global economy is increasingly hinging on the notion that AI will be inexorably intertwined with every part of our lives.Also increasing: signs that consumers — or at least some consumers — don’t feel great about that, at all.You can see that most clearly in the anti-data center backlash, which…
I’d just spent the morning creating AI images for my online newsletter. They were eye-catching despite my nonexistent art skills. I turned the laptop screen toward my daughter.”What do you think?” I asked.She’s a 16-year-old art student considering a career in the arts. I thought she’d be impressed with the…
Michael Burry, who knows a thing or two about the housing market, says that buying a home is usually a mediocre investment.”I calculated the long-term after tax return on residential real estate over a 50 year adult life is about 4.5% after tax including expected maintenance costs,” he said in…
Two of YouTube’s biggest sports brands are entering their collaboration era.Good Good and Dude Perfect are expanding their relationship with a partnership spanning consumer products and content.This week, the two companies will start selling co-branded kids and adult hats, with Good Good licensing Dude Perfect’s brand in exchange for royalty…
At a jubilant kickoff of New York City’s Pride weekend, we rolled up to a nightclub with a looming question: What’s the vibe around the corporate pullback from LGBTQ+ events?As we stood next to one of the several bars at the club, a drag king waxed philosophic on inflation and…
Legal technology wants its vibe-coding moment. But first, it has to prove the tools can think like a lawyer.Taking up the task is Crosby, a startup-meets-law-firm that sells basic legal services to companies, including Cursor and Rogo. On Wednesday, it released the Redline Bench, a tool built to measure how…
The way Jeff Bezos sees it, AI and the data centers that support the novel technology are like knives.”You don’t want to accidentally outlaw the knife because it can be used in a bad way,” the Amazon cofounder said on CNBC on Thursday.”Knives are important tools and yes, every once…
