Business

Carlos Watson, the founder and CEO of Ozy Media, was arrested in New York and charged with two counts of fraud and one count of identity theft. The Wall Street Journal first news of his arrest. Law enforcement officials’ action comes after years of scrutiny of Watson and the spectacular, rapid collapse of his media company. “As claimed, Carlos Watson…

Tomatoes, cucumbers and a host of other vegetables are becoming increasingly difficult to come by in the UK. Several of the country’s largest supermarkets have introduced rationing policies for certain fresh produce as unfavorable conditions in mainland Europe and North Africa have disrupted supplies and left grocery store shelves empty across the country. Experts say the country’s Brexit, which only…

This week, the federal government struck down a major labor law decision that could have important repercussions for Elon Musk and other tech industry moguls. On Tuesday, nearly a dozen former McLaren Macomb hospital employees, represented by an AFL-CIO-affiliated union, won their argument that a severance agreement that enforces a gag rule prevented them from exercising their statutory rights in…

The war in Ukraine turns one year old on Friday. Internationally, it has turned into a global struggle between Russia and the West. On the ground, it has caused unfathomable loss, grief, terror and despair for millions of people. Ukrainian business leaders have been buffeted by both the geopolitical winds and local violence and unrest — although many of these…

A brutal winter storm that trapped motorists on icy roads, blacked out hundreds of thousands of homes, grounded planes and closed schools across much of the country was poised to hit California Thursday. “We have a VERY busy week ahead of us!” The San Diego office of the National Weather Service tweeted. “We have issued warnings of damaging winds, heavy…

Users are flocking to new generative artificial intelligence to enhance their creative work, and artists are turning to programs like Midjourney and Dall-E to express an idea from just a text prompt. It even leads to talk of a new skill: “prompt engineering,” or finding the right collection of words and phrases to get what you want from an AI…

Nvidia shares rose in after-hours trading on Wednesday, as the chipmaker beat sales expectations and said it is benefiting from a growing boom in AI tech powered by chatbots like OpenAI’s ChatGPT. The U.S.-based chip company’s revenue fell as it reported revenue of $6.1 billion last quarter, down 21% from what it reported a year ago. (Those sales were a…

From Major Tom to Ziggy Stardust and Aladdin Sane, the many faces and inspirations of David Bowie will find a permanent home in London. Britain’s Victoria & Albert Museum announced on Thursday that it has acquired Bowie’s archive, containing more than 80,000 objects, as a gift from the late musician’s estate. The treasure trove of costumes, musical instruments, letters, lyrics,…

For 124 straight months, from the bottom of the housing crash in February 2012 to the peak of the pandemic housing boom in June 2022, US home prices posted positive month-on-month growth. This phase, of course, came to an abrupt end last year when the Fed’s inflationary war triggered a correction in house prices. On the one hand, national home…

Mass shootings in America invariably raise questions of guilt. The belated police response outside an elementary school in Uvalde, Texas. A district attorney’s failure to prosecute the alleged Club Q shooter a year before the deaths of five people at the LGBTQ nightclub. However, this blame rarely ends up with the manufacturers of the weapons used in the massacres. Legislators…