Alphabet is spending like there’s no tomorrow, and it’s freaking shareholders out. Its shares dropped 7% after it raised its AI spending for the third time this year to $205 billion. Its free cash flow turned negative for the first time in its 22 years as a public company, and ...
IBM top exec makes the case for a quarterly earnings rethinkIBM top exec makes the case for a quarterly earnings rethink
IBM’s earnings whiff could give the Trump administration more ammunition to rethink the quarterly earnings treadmill, which a top company executive called “outdated.” “It forces companies to do irrational things” like offering steep end-of-quarter discounts, IBM Vice Chair Gary Cohn said in an interview. (IBM chose not to do those ...
Sports betting takes a financial tollSports betting takes a financial toll
Sports betting is degrading the financial health of the most vulnerable households, according to a new study that tees up an emerging political issue. The study, which draws on transaction data from more than 180,000 households, found that sports betting doesn’t replace shopping or other gambling, like lottery tickets or ...
Lina Khan gets a new NYC gigLina Khan gets a new NYC gig
Mayor Zohran Mamdani’s uneasy truce with New York’s business elite was tested again Wednesday when he appointed antitrust crusader Lina Khan to a formal post in his administration. Khan will chair the city’s economic development board, which oversees the leasing and use of huge chunks of city property, including Hudson ...
How to just do thingsHow to just do things
by Cate Hall with Sasha Chapin. A couple of years ago, we highlighted Hall’s Substack on how to be “agentic,” the master of one’s own destiny. She now has a book out on the same subject — we’d like to think we were the agents of destiny there — on ...
‘Unbearably sexy in his rodenty way’: Benedict Cumberbatch’s 20 best films – ranked!‘Unbearably sexy in his rodenty way’: Benedict Cumberbatch’s 20 best films – ranked!
To mark the two-time Oscar nominee’s recent 50th birthday, we rate his finest screen roles – from hyper-British patricians and seething serpents, to ghastly Yanks, tragic codebreakers and sci-fi scoundrels Benedict Cumberbatch does his considerable best opposite the equally prestigious Olivia Colman in this souped-up marital-breakdown dramedy, essentially remade from ...
‘Why do I feel crappy?’: women are learning about their luteal phases – and Maha is weaponizing it‘Why do I feel crappy?’: women are learning about their luteal phases – and Maha is weaponizing it
People have found language for moodiest part of their menstrual cycles, and the right has seized on it Emily Rae Detrick, a health coach, wants women to be more in touch with their menstrual cycle in its entirety. This, she said on an October episode of Culture Apothecary with Alex ...
Like Trump, I went through a home-renovation obsession. The results are often disappointing | Jackie DelamatreLike Trump, I went through a home-renovation obsession. The results are often disappointing | Jackie Delamatre
We are now a nation of homogenized open concepts and curb appeal. It’s an approach that leads to anxiety and isolation Recently, Jonathan Swan – one of the authors of a new tell-all about Donald Trump’s second term – told the hosts of The View that if you had a ...
Patreon Lays Off 20 Percent of Its WorkforcePatreon Lays Off 20 Percent of Its Workforce
Patreon laid off 93 employees, totaling 20 percent of its workforce on Thursday morning, according to an email to creators and staff from CEO Jack Conte. In a message sent to everyone on the platform signed up as a creator, and posted to the site, with the subject line “A ...
The Rise of Anti-Flock Influencers Who Make Things Up for CloutThe Rise of Anti-Flock Influencers Who Make Things Up for Clout
A little over a month ago, the former American Idol contestant, country musician, and Instagram influencer Noah Orion appears to have learned about the surveillance company Flock. “Cities are now covering Flock cameras with trash bags,” Orion narrated over an Instagram post aggregating a 404 Media report. “It’s also pretty ...