The once-sizzling market for NFTs has become a spectacular bust, as high-profile auctions increasingly flop and investors who plunked down millions for bizarre digital artworks now struggle to unload them at a tiny fraction of what they paid. Last spring, the little-known crypto artist Beeple sold an NFT for an eye-popping $69 million. This month, … Read more
A new beach club is opening on Governor’s Island — and its owner is shipping in 350 tons of sand in an ambitious bid to create a tropical paradise in the middle of New York Harbor. Gitano Island — a seasonal restaurant and beach club based on the iconic Gitano restaurant and bar in Tulum, … Read more
Gas prices in California have soared to the point where some fueling stations are charging more than the federal minimum wage for a gallon of regular. Several gas stations scattered throughout the state, including the Bay Area, Southern California, and the Yosemite region, are charging at least $7.25 for a gallon of fuel, according to … Read more
CNN anchor Jake Tapper intervened on Monday after one of President Biden’s top economic advisers sought to blame the record surge in gas prices on Russian President Vladimir Putin’s decision to invade Ukraine. The exchange occurred after Tapper pressed White House National Economic Council Director Brian Deese for answers on how long Americans will face … Read more
The heat is on at Amazon. The e-commerce giant is expected to take flak from shareholders and critics — including several New York politicians — over worker safety issues, anti-union tactics and CEO Andy Jassy’s $214 million pay package at the company’s annual shareholder meeting on Wednesday. New York City Comptroller Brad Lander will speak … Read more
Oh Snap! Shares of Snapchat’s parent nosedived 43% on Tuesday after the disappearing-photos app sounded alarm bells about a slowing economy killing digital advertising revenue. “The macroeconomic environment has deteriorated further and faster than anticipated,” Snap said in a Securities and Exchange Commission filing on Monday, adding that it’s expecting lower revenue and profit for … Read more
The Boehly-Clearlake consortium, which agreed to terms to acquire Chelsea for $5.33 billion earlier this month, passed the Premier League Owners’ and Directors’ Test, the league said on Tuesday, paving the way for the club’s takeover. The proposal also needs approval from the British government before the consortium can complete the acquisition, with a week remaining before … Read more
Cargill is recalling several products infused with Jif peanut butter due to potential salmonella contamination. Cargill’s voluntary recall includes certain lots of its Milk and Dark Chocolate Covered Peanut Butter Ritz Crackers, Peanut Butter Meltaways and Peanut Butter Eggs and Fudge, according to the recall notice posted by the Food and Drug Administration. The affected products … Read more
MSNBC confirmed on Tuesday that former White House press secretary Jen Psaki will join the cable news network this fall. Psaki, who stepped down from her role in the Biden administration earlier this month, will appear on NBC news and MSNBC programming on TV and streaming later this year. She will also get her own … Read more
“The View” co-host Whoopi Goldberg jumped to the defense of Kellyanne Conway on Tuesday’s show after the show’s crowd booed the former Trump administration official during her appearance in studio. The incident occurred as “The View” panelist Sonny Hostin pressed Conway – who was on the show to promote her memoir “Here’s The Deal” — … Read more