Industries

Energy

UAE Kicks OPEC to the Curb as Iran War Strains Oil Market

Photo via Maksim Konstantinov/ZUMA Press/Newscom

It’s a devastating blow for an oil cartel that had been slowly fracturing for years amid the US shale oil boom.

2 min read

Photo via SMG/ZUMA Press/Newscom

Media & Entertainment

IAC Rebrands as People Inc. in Prep for SEO Doomsday

Billionaire Barry Diller formed IAC more than 20 years ago as a vehicle to build, grow, and profit off early internet platforms.

1 min read
Photo by hapabapa via iStock

Media & Entertainment

Oprah Heads to Amazon as Video Podcasting Goes Viral

Oprah Winfrey will soon start recording a twice-a-week video pod after signing a multiyear deal with the tech giant Monday.

1 min read
Photo via Cover Images/ZUMAPRESS/Newscom

Industries

Joby Air Taxis Fly from JFK to Manhattan in Pursuit of FAA Certification

The goal is to connect the airport to Manhattan in under 10 minutes, which will no doubt appeal to anyone who’s sat in traffic on the trek.

2 min read

Consumer

After Years of Double-Digit Sales Growth, Luxury Retailers Face ‘Reckoning’

Photo via imageBROKER/Igor Zakirov/Newscom

From LVMH to Richement, brands built on status pursue younger customers amid signals that the salad days of the past two decades are over.

4 min read

Electric Vehicles

Time to Revoke Tesla’s Magnificent Seven Card?

Photo via Allison Robbert – Pool via CNP/ZUMAPRESS/Newscom

Tesla trades at around 183 times forward earnings, behind only Boeing and Warner Bros. Discovery on the S&P 500.

2 min read

Media & Entertainment

Saudi’s Sovereign Wealth Fund Calls It Quits on Golf … And Maybe More

Photo via Vernon Yuen/ZUMAPRESS/Newscom

The exit came just after PIF itself last week released its five-year investment plan for its $925 billion sovereign wealth fund.

1 min read

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