Almin Karamehmedovic, a longtime top producer at ABC News, has been named president of the network's news division Monday. He replaces Kim Godwin, who stepped down in May.
Why it matters: Elevating a longtime leader from within the division helps to ensure cultural continuity and steadiness at a time of great change for ABC News and the TV news industry writ large.
Incoming Starbucks CEO Brian Niccol's new pay package prompted raised eyebrows and eye emojis last week.
The intrigue: Luring the rising star away from Chipotle wasn't going to be cheap. And it's his success at the burrito chain — reflected in its share appreciation — that's helping to fatten his number at Starbucks.
The SEC is charging famed activist investor Carl Icahn and Icahn Enterprises with failing to disclose the pledging of his company's stock as collateral on personal loans.
Why it matters: Icahn is an iconic corporate raider whose firm has been under investigation since at least spring 2023.
It's no secret that limited partners in VC funds are frustrated by a lack of distributions. Now we have some data to back up their complaints, and it's brutal.
By the numbers: Nearly one-third of VC funds raised in 2017 — over six years ago — had yet to return any money to their investors through the end of March 2024, according to Carta.
One part of Democratic presidential candidate Kamala Harris' economic plan is a $25,000 tax credit for first-time homebuyers.
Why it matters: We've been here before. In the depths of the financial crisis, Congress passed a similar $8,000 credit — it was hugely popular — but it was also suited to the economic circumstances of the time. Today, not so much.
Meanwhile, Harris unveiled parts of her economic plan Friday — and earned mixed reviews from economists, prompting her allies to play defense on the eve of the Democratic National Convention over her price gouging plan.
Why it matters: The polls aren't always accurate, but they certainly aren't fake. Nearly every major pollster has shown Harris surging, though the race remains very close in the key swing states.
Wedding invitations, once a snail mail exclusive industry, now go beyond even email inboxes after the peak of digital invite services created in the '90s and aughts.
Why it matters: Text message wedding invites join the era of digital romance, where dating apps and Zoom weddings became fixtures, and it's in part due to a post-pandemic cultural shift toward more casual gatherings.
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