From near death in a hotel fire to expectations of immortality, here are some memorable quotations from media tycoon Sumner Redstone. “Content is king.” — Redstone’s credo that some say he, rather than Bill Gates, coined. “I was enveloped in flames. The fire shot up my legs. The pain was searing. I was being burned
Wealth
The fitting rooms at Rent the Runway’s flagship store in New York City. Source: Rent the Runway The coronavirus pandemic has taken a toll on many retailers, pushing dozens into bankruptcy, and it will now prompt the clothing subscription company Rent the Runway to shut all of its stores for good. Rent the Runway told
Despite taking several business risks himself during the ’90s, NBA Hall-of-Famer-turned-business mogul Earvin “Magic” Johnson advises the next generation of entrepreneurs to “lay low” amid the Covid-19 pandemic. “If I was an entrepreneur and started [a business] today, I think I would just lay low and see where [the economy] is going to go,” Johnson told CNBC Make
Kamala Harris made history on Tuesday as the first Black woman and the first Asian American to be selected as a the vice presidential candidate for a major party in the U.S., when presumptive Democratic presidential nominee Joe Biden announced her as his running mate. Harris, 55, who is the daughter of immigrants — her father
Shoppers walk past a Coach outlet store. Luke Sharrett | Bloomberg | Getty Images Coach and Kate Spade owner Tapestry said Thursday its sales online during the latest quarter surged a triple-digit percentage from a year ago, as consumers stuck at home during the coronavirus pandemic flocked to its websites for handbags, pajamas and other whimsical accessories.
From gate to seat, air travel is undergoing a touch-free transformation, yet the one place flyers are probably most loathe to touch — the airplane bathroom — has received little attention of late. That’s about to change, say companies that are producing “touchless tech” to transform bathrooms into hands-free zones. Which bathroom features are going touchless
Kamala Harris made history Tuesday when presumptive Democratic presidential nominee Joe Biden announced the California senator as his running mate. Harris is first Black woman and first Asian American to be the vice presidential nominee of a major party. Being the daughter of immigrants — her father is Jamaican and her mother was Indian — helped
The number of empty apartments for rent in Manhattan soared to their highest level in recent history, topping 13,000, as residents fled the city and landlords struggled to find new tenants. The number of apartments for rent, or listing inventory, more than doubled over last year and set a new record in the 14 years
A 2001 Ferrari could become the most expensive car ever sold in an online auction this week, amid expectations that it could sell for more than $4 million. The sale by RM Sotheby’s is part of a series of online auctions being held this month by classic car companies to replace the auctions usually held
Former Theranos founder and CEO Elizabeth Holmes (L) leaves the Robert F. Peckham U.S. Federal Court on June 28, 2019 in San Jose, California. Justin Sullivan | Getty Images Seven months and nine days from now Elizabeth Holmes will face charges that she defrauded investors of her blood-testing company Theranos. That was the decision on
President Donald Trump’s executive order to defer the collection of payroll taxes from employees through the end of 2020 has created more questions than answers for businesses and their employees. Normally, payroll tax is a 6.2% tax on a employee’s salary (up to $137,700 annually for 2020) is withheld from their paycheck to fund Social
A passion for eating permeates Istanbul, a city that famously straddles Europe and Asia, one whose cuisine has long been known for its variety and quality. In addition to the traditional purveyors of impeccable grilled fish and meats, intoxicating street food and famously fragrant desserts, several restaurants are taking the concept of “Turkish cuisine” in
Steven Heap/EyeEm/Getty Images President Donald Trump’s payroll tax deferral plan could result in higher tax bills for workers in 2021, tax experts said. As lawmakers remained at a stalemate over coronavirus relief efforts last week, Trump signed a package of four executive orders on Aug. 8. In one of them, the president called for the
Parents are forming learning pods for their children to supplement virtual learning this fall. Source: Outschool The latest education trend has parents reaching into their wallets to help supplement or replace their children’s virtual education this fall. So-called “learning pods” or “pandemic pods” are popping up all over the country. They are small, in-person groups
Participants in a demonstration against racism hold a sign with a clenched fist, the so-called “Black Power” symbol, at Neumarkt. The rally of the “Black Lives Matter Dresden” group wants to draw attention to structural racism after the violent death of George Floyd. Sebastian Kahnert | picture alliance via Getty Images It is intolerable, and
Former First Lady Michelle Obama speaking at the fifth annual “Beating the Odds” Summit on July 23, 2019, at Howard University. Sarah L. Voisin/The Washington Post | Getty Images Former first lady Michelle Obama said she has been “dealing with some form of low-grade depression” amid the coronavirus pandemic, but that trying to maintain a
When Amber Lynn Gilles was refused service by a San Diego Starbucks barista in June, she took her frustrations to Facebook: “Meet lenen from Starbucks who refused to serve me cause I’m not wearing a mask. Next time I will wait for cops and bring a medical exemption.” After a GoFundMe drive raised over $100,000
filadendron | E+ | Getty Images Financial upheaval and uncertainty has become the norm for many Americans, thanks to the coronavirus pandemic. Millions are unemployed, and scores of companies have been impacted by the economic slowdown. With so much uncertainty, it can be difficult and even scary to think about your money, much less make
A shopper wearing a protective face mask browses luxury handbags inside a Louis Vuitton boutique in Moscow, Russia. Bloomberg | Getty Images The coronavirus pandemic has put many industries into crisis mode, and luxury retail is one of them. With fewer places to see and be seen, shoppers are slowing their spending, with an estimate
In this screengrab taken from a berniesanders.com webcast, Democratic presidential candidate Sen. Bernie Sanders (I-VT) talks about his plan to deal with the coronavirus pandemic on March 17, 2020 in Washington, D.C. Businesses are being severely impacted, schools are closing temporarily and large events are being postponed as the COVID-19 virus continues to spread across