Not since the New Deal has the U.S. government poured this kind of money into rebuilding America’s infrastructure. Companies and states are clamoring for their piece of that federal jackpot. That helps explain why infrastructure is the major topic of conversation in economic development circles this year, and why it also looms large in CNBC’s … Read more
Downtown Richmond, Virginia, skyline on the James River. Sean Pavone | Istock | Getty Images With the nation’s best education system and policies that give companies room — both literally and figuratively — to grow, Virginia is America’s Top State for Business in 2024. This is the Old Dominion’s sixth time at the top of … Read more
An insurance crisis that has sent premiums skyrocketing and caused carriers to flee coastal states like Florida and California is spreading, and it is fundamentally changing the real estate market in states across the country. “Not only is the cost higher than people anticipated, but just the inability to secure insurance at all makes deals fall through … Read more
Three months after Baltimore’s Francis Scott Key Bridge collapsed – killing six people, shutting a major port and disrupting vehicle traffic along the Eastern Seaboard — local, state and federal officials began a massive effort to make the best out of an unimaginable situation. “We’re working with construction companies and designers, and working with the … Read more
LOS ANGELES — LOS ANGELES (AP) — Swizz Beatz and Timbaland are bringing the “Verzuz” series back with a new major platform for viewers to watch musicians face off in a song-against-song battle. The legendary producers announced Wednesday that Verzuz cemented an exclusive partnership for independent distribution with the social media site X. Swizz Beatz … Read more
LOS ANGELES — Top executives of a California-based online mental health company were arrested on allegations of improperly prescribing addictive stimulants like Adderall during the coronavirus pandemic and exacerbating the shortage of the drugs for those who medically need them, officials said Thursday. Ruthia He, the founder and CEO of Done Global Inc., and clinical … Read more
NEW YORK — For nearly a decade, Ozy Media projected an image of new-media success. The company boasted big-name interviews, an Emmy-winning TV show, a buzzy music and ideas festival and impressive numbers to show prospective investors — until it imploded in 2021 amid doubts about its audience size, viability and basic integrity. Those doubts … Read more
NEW YORK — The struggling Washington Post found itself in some turmoil on Monday following the abrupt departure of the newspaper’s executive editor and a hastily announced restructuring plan aimed at stopping an exodus of readers over the past few years. Post publisher Will Lewis and Matt Murray, a former Wall Street Journal editor named … Read more
MILAN — Luciano Benetton, a co-founder of the apparel brand, announced he was stepping down as chairman in an interview published on Saturday with Milan daily Corriere della Sera. He blamed current management for losses of 100 million euros ($108.5 million) that he discovered last year. Benetton, 89, returned to the apparel brand as chairman … Read more
Former Republican presidential candidate and biotech entrepreneur Vivek Ramaswamy has purchased a minority stake in Buzzfeed, the digital publishing company that shut down its media outlet last year. Shares of the company skyrocketed more than 50% before the market open on Wednesday. Ramaswamy acquired a 7.7% stake in Buzzfeed, according to a filing with the … Read more
