Arkansas Public Television Drops PBS
The loss of federal funding forced a difficult decision, the executive director of Arkansas TV said: Cut PBS, or go off the air entirely. Source link
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Why Oracle Is Worrying Investors About the A.I. Boom
Shares in the technology company are down as investors grow anxious that its bet on artificial intelligence, and OpenAI in particular, may not pay off. Source link
The Hollywood Studio Tour Has Become a Lot of Nothing
It’s hard to make a movie studio tour exciting when movies aren’t made there anymore. “A vibe of tiredness, like the end of something,” one guest said. Source link
Calvin McDonald, Lululemon CEO, Will Depart Yoga Clothing Maker in January
The maker of yoga clothing is looking for a new leader after public pressure from the company’s founder. Source link
Do Kwon, Crypto Entrepreneur Who Caused 2022 Crash, Sentenced to 15 Years
Do Kwon, who designed the virtual currencies Luna and TerraUSD, which plunged in 2022, had pleaded guilty to fraud. Source link
Stocks Reverse Downturn to Reach a Record High
The S&P 500 edged higher as investors shrugged off concerns over Oracle’s earnings. It was just enough. Source link
Bessent Accelerates Regulation Overhaul to Jumpstart Growth
The Treasury Secretary unveiled changes to the Financial Stability Oversight Council to ease “overregulation.” Source link
Hollywood Director Is Convicted in $11 Million Scheme to Defraud Netflix
Carl Erik Rinsch secured funding from the streaming company for a science-fiction series, “Conquest,” that was never completed. Source link
Thomas O. Hicks, Texas Money Man Who Owned 3 Teams, Dies at 79
A master of leveraged buyouts, he bought baseball and hockey teams in Texas and an English soccer club, only to lose them in an avalanche of debt. Source link
This Isn’t the First Time the Fed Has Struggled for Independence
The Trump administration is threatening the Fed’s autonomy, which the central bank regained with the Treasury-Fed accord in 1951. Source link