One year ago, we launched TIME Business, a new franchise devoted to exploring the growing influence of business not only on our economic lives but also as a force shaping society and our collective future. Led by executive editor John Simons, we’ve chronicled everything from the future of work to how American shoppers broke the supply chain. We’ve brought you inside the C-suites wit…
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The feds dropped the hammer on FTX founder Sam Bankman-Fried, arresting him in the Bahamas on Monday night as part of an eight-count indictment that includes wire fraud, securities fraud, and money laundering. Then, more hammer-strokes fell. The Securities and Exchange Commission (SEC), which regulates financial markets, filed civil charges alleging he defrauded his investors and his customers.…
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When the journalist Michael Lewis announced in May that he was writing a book on Sam Bankman-Fried after spending months with the FTX crypto mogul in the Bahamas, it was anticipated to be the definitive account of an era-defining financial collapse. Lewis has a long history of deftly chronicling moments of social and economic sea change, from Liar’s Poker to Moneyball to
Tobacco giant Altria, which owns the maker of Marlboro cigarettes and a stake in vaping company Juul Labs, has for years quietly funded substance-use-prevention training for middle and high school students, despite ample research suggesting that industry-sponsored school programs do not discourage teenagers from smoking—and may in fact do the opposite.
Altria has for more than a dec…
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Bloomberg — Air traffic for the Thanksgiving holiday is expected to approach pre-pandemic levels and travelers are likely considering their plans with some dread, given fresh memories about thousands of canceled flights.“The process of getting there is going to be difficult,” said Stephen Beck, founder of management consulting firm Cg42. “We’re going to have to pre…
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The Rolling Stones have always had a flair for the dramatic, and the announcement of their 24th studio album—the first original release in 18 years—was no exception. The steadfast rock band left no stone unturned for Wednesday’s event, which had undeniable youth appeal for a band that formed in 1962.
Media and selected guests assembled at the Hackney Empire, a theater in the trendy…
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Want a quick summary of the daily news? Inflation. Labor shortages. Supply-chain issues. Omicron. Partisanship. Gridlock. Biden stalled. Trump ranting.
Given that, it’s hardly surprising that many Americans are feeling not so good about the country in general and, more specifically, about this thing we call the economy. Yet, the actual data about our economy point in a radically dif…
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Things aren’t looking good for Donald Trump’s social media platform TRUTH Social—despite the former president’s own bouts of rampant posting.
The fate of the social network is hanging in the balance, as delays continue to plague a $1.3-billion merger that would potentially secure its future. The latest delay came on Monday as a key vote was postponed to November, a…
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As the season comes to a close and we wrap up the discourse over whether or not the song of the summer still exists, audiences can now look forward to a new season of fresh albums from artists across various genres. There are several exciting releases slated for the fall, including Olivia Rodrigo’s sophomore LP GUTS, Troye Sivan’s first album in five years, and Dolly Parton’s fir…
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Fans of Netflix’s hit reality dating show Love is Blind will soon have a new series to binge watch as the streaming giant has announced Love is Blind, Habibi, a UAE-based edition.
Dubbed as a social experiment, the show’s premise follows single men and women as they blind date in “pods” where they can only hear their date’s voice. The couples only meet if…
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