BUSINESS NEWS
- The U.S. is using euros, not dollars, to prop up the yen, and it may backfire: ‘This kind of twist…undercuts the efficacy of U.S. participation’
by Mia Osmonbekov on August 3, 2026 at 3:21 pmThe unusual funding method backed a joint U.S.-Japan move that lifted the yen to 157 per dollar, but economists say it won't fix underlying issues
- Sam Altman reveals the investing advice billionaire Peter Thiel gave him that helped him amass a $3.3 billion net worth without OpenAI equity
by Preston Fore on August 3, 2026 at 3:08 pmOpenAI CEO Sam Altman owns no equity and earns a $76K salary—but says Peter Thiel and Paul Graham taught him how to build billions in investment wealth.
- Forget Gen Z: People in their 70s and 80s are some of the earliest Americans to welcome physical AI into their homes and daily routines
by Marco Quiroz-Gutierrez on August 3, 2026 at 2:47 pmElliQ’s device is helping older adults carry out everyday tasks, as the company teams up with government agencies for seniors.
- Careful what you bid for: The Ellisons’ Paramount/WBD deal is slipping toward a costly legal and financial cliff
by Jeffrey Sonnenfeld, Nell Minow, Stephen Henriques on August 3, 2026 at 2:23 pmWith free cash flow at just $96 million, the $110 billion Warner Bros. bid faces a ticking fee Paramount can barely afford as states want a 2027 trial.
- How Barnes & Noble CEO James Daunt tapped his indie bookstore cred to revive the big-box chain
by Phil Wahba on August 3, 2026 at 7:00 amAfter years of cookie‑cutter layouts and publisher‑paid shelf space, Daunt is remaking Barnes & Noble as a network of locally curated shops—ending co‑op deals and betting discovery will better compete with Amazon.
- ‘It’s really not for the faint of heart’: This 29-year-old CEO became a business owner, doubled revenue in 3 years, and learned what car not to drive
by Nick Lichtenberg on August 2, 2026 at 11:30 amLucas Philips became a CEO at 26 and now finds himself getting up at 4:30 am to commute from Manhattan to Newark. He doesn't have a foosball table.
- Bars, bowling alleys, and movie theaters cost too much to run and visit. Americans have run out of places to hang out and we’re paying with our health
by Catherina Gioino on August 2, 2026 at 9:00 amChronic isolation has the same health impact as smoking 15 cigarettes a day.
- The labor market could become so backward that the economy will have to shed jobs to keep unemployment steady
by Jason Ma on August 1, 2026 at 11:15 pm“Today, the labor market’s speed limit is much lower than just a few years ago, setting the stage for a jobless expansion.”
- How David Senra built the podcast the world’s most powerful CEOs can’t stop listening to
by Lily Mae Lazarus on July 5, 2026 at 8:00 am“Founders” counts Jeff Bezos and Michael Dell as fans—and its “unmanageable” creator turned down $50 million so he could build a media empire his way.
- Women’s steady climb to CEO jobs and board seats is stalling amid a perfect storm of politics, economic uncertainty, and changing management tracks
by Claire Zillman on December 23, 2025 at 4:10 pmWomen are at risk of losing ground in their hard-earned representation in corporate America.