Investors are offloading New York City municipal bonds as yields surge. Mayor Mamdani faces a critical budget balancing act amid rising crime, socialist policy promises, and growing bankruptcy fears.
Paramount's CEO David Ellison plans to merge HBO Max and Paramount+ post-WBD acquisition, despite assurances for HBO's independence. With $79B debt and job duplication, widespread cuts are expected. HBO's Casey Bloys is at risk, possibly replaced by former Netflix exec Cindy Holland.
David Ellison's Skydance is acquiring Warner Bros. Discovery (including CNN) after Netflix exited the bidding. CNN staff worry about content changes, as Ellison, a Trump ally, reportedly promised modifications. Meanwhile, Trump's trust bought Netflix bonds, and he incurred new debt.
President Trump is launching a new commission to reform the multibillion-dollar college sports industry and controversial NIL rules, tapping Yankees President Randy Levine and Gov. Ron DeSantis to lead the financial overhaul.
Target plans a $2 billion investment in store renovations and staff to reverse declining sales. The strategy focuses on food, beauty, and home categories to improve customer satisfaction and compete with industry rivals.
Meta and Google face an LA social media addiction trial where 86% of Americans seek accountability for harm to children. Mark Zuckerberg was grilled on training and wealth; Meta tried to block questions about his fortune. The landmark trial's outcome will set a precedent for future cases nationwide.
Larry Silverstein and American Express partner to develop the final 55-story tower at 2 World Trade Center. Designed by Foster + Partners, the project marks a historic milestone for Lower Manhattan's skyline.
Ted Sarandos dismisses Donald Trump’s call to fire Susan Rice as Netflix eyes Warner Bros. Discovery assets and criticizes the Paramount deal’s impact on the entertainment industry and consumers.
Netflix's $73B bid for WBD is under intense antitrust scrutiny, complicated by board member Susan Rice's anti-Trump comments, which provoked White House anger and forced Netflix to launch a "Trumpian appeal offensive" amid competing offers.
JPMorgan report highlights economic risks from shifting US tariff policies, including a potential $200 billion refund liability and increased trade uncertainty despite efforts to maintain current duty rates.
Brooklyn Beckham promotes his hot sauce at the South Beach Wine & Food Festival, also overseeing a burger competition. The event, known for celebrity chef antics like Ramsay's absence and Batali's gaffe, has raised over $45M for FIU's Chaplin School.
Warner Bros. Discovery considers reopening the bidding process as Netflix faces DOJ antitrust scrutiny, GOP criticism over content, and a rival sweetened offer from the Paramount Skydance camp.
IndiGo faced an unprecedented operational meltdown in December, stranding nearly a million passengers. This led to a ₹22 crore fine and exposed pilot shortages, high compliance costs, and management vulnerabilities. IndiGo is now ramping up pilot recruitment and strengthening operations.
Amazon's Ring terminates its partnership with Flock Safety following a controversial Super Bowl ad. Critics slammed the 'Search Party' feature as a step toward an Orwellian surveillance state using AI and doorbell cameras.
CJI Surya Kant questioned Rera's effectiveness, stating it primarily aids defaulting builders, not homebuyers. He urged states to reassess Rera's purpose, a discussion arising during an appeal regarding a Himachal Pradesh High Court order on Rera office relocation.
Anand Srinivasan is Akasa Air's new CCO amid fleet expansion (33 aircraft, 193 pending) and 10% flight growth. This follows recent senior executive resignations, including co-founders, indicating significant leadership shifts and growth.
Richie Romero launches new eateries like The Eighth after his nightlife exit. NYC's dynamic dining scene also welcomes Mark Barak's Italian Giulietta, the Halbergs' Willet's Corner, and The Wagyu Room, promising diverse culinary experiences.
