Uptown Madison Avenue, the city’s main luxury shopping corridor, faces instant change on the gilded blocks where East Midtown meets the Upper East Side. Two large retail office buildings are being torn down for new mixed-use projects about which little is known. Meanwhile, wealthy fashionistas and even wealthier real estate investors wonder what will become of the former Barneys building, ...
Former President Donald Trump said Tesla CEO Elon Musk is unlikely to serve in his cabinet if he wins a second term in the White House because of his extensive business obligations, which include running several companies. “He wants to be involved. Now look, he’s running big businesses and all that, so he can’t, really, I don’t think he can ...
Pavel Durov, the Russian-born founder of messaging app Telegram, was arrested in France as part of an ongoing judicial investigation and had no political motive, French President Emmanuel Macron said on Monday. Macron’s statement at X was the first official confirmation of Durov’s arrest, nearly two days since he was detained at Le Bourget airport outside Paris shortly after boarding ...
Russia seized more than $100 million from Google and used the money to fund its own propaganda campaign in support of President Vladimir Putin’s ongoing war in Ukraine, according to a report. Court documents obtained by Britain’s Telegraph newspaper show that Google’s bank accounts in Russia were emptied shortly after the invasion two years ago, leading to the bankruptcy of ...
Tech mogul Marc Andreessen’s family owns tracts of land near the city’s controversial California Forever project he’s backing — and plans to build more than 1,000 homes as part of a “visionary” real estate plan, according to a report. Andreessen, co-founder of the venture firm Andreessen Horowitz, is one of several Silicon Valley bigwigs trying to build a new city ...
The top actuaries for Social Security and Medicare testified before a House panel Thursday about the financial woes of two safety net programs that could see key trust funds run out in about a decade, leaving beneficiaries to face with a benefit reduction if the funding gap is not resolved by Congress. The Trustees for Social Security and Medicare recently ...
Nvidia CEO Jensen Huang has said he is reluctant to lay off employees, choosing instead to “torture them into greatness” – a strategy he claims has turned the company into one of the world’s most valuable . Huang — whose employees can work up to seven days a week, sometimes until 2 a.m., but are said to stick around because ...
California lawmakers approved a hotly contested artificial intelligence safety bill on Wednesday, after which it will need one more procedural vote before its fate rests in the governor’s hands. Gavin Newsom, who has until September. 30 to decide whether to sign it into law or veto it. Tech companies developing generative artificial intelligence — which can respond to requests with ...
Shane O’Farrell didn’t set out to get rich buying and selling Lego – all the 35-year-old from New Jersey was looking for was a connection to his childhood in Ireland, where the modest Fort Legoredo was one of them. favorite toy. Twenty years later, when he saw the kit going for hundreds more than its 1996 retail price of $85, ...
Home prices hit a new record in June amid a persistent housing shortage, even as high mortgage rates continued to drive away affordability for millions of Americans. Prices rose 5.4% nationally in June from a year earlier, the S&P CoreLogic Case-Shiller index showed on Tuesday, up from a 5.9% pace last month. On a monthly basis, prices rose by 0.2%, ...