Sinners opened to $46M in US + Canada, way above where estimates had it a couple weeks ago. That's a win for director Ryan Coogler, star Michael B Jordan, Warner Bros. et al.

The Silicon Valley rightward shift that I cover is really a story about a group chat meeting a super PAC. From Ben Smith semafor.com/article/04/27/…

Pretty horrible Dallas Fed Manufacturing Survey. Level hits the lowest since May 2020. All the comments are about tariffs and policy uncertainty. Add it to the list of bad soft/survey data.

Interesting!

Can’t be repeated enough so I’ll keep saying it: If ownership, type of investment capital, and good operators/journalists aren’t aligned on making high-quality, original reporting the priority — from which all business opportunities stem — then a media co won’t be successful.

The number of people with full-time equivalent jobs as digital creators in the U.S. jumped from 200,000 in 2020 to 1.5 million in 2024 w Kerry Flynn 🐶 axios.com/2025/04/29/dig…

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being a reporter is just solving harder and harder problems until you get laid off or die (you probably won't retire)

A friendly reminder that the gala is to raise money for the Met Museum's Costume Institute. You can check out the new exhibit on Black Dandyism from May 10th until October. If you can't get to the Met in NYC, there's a new book showing the exhibit. It has some great essays.

Britain got a bad deal. 10% tariff on almost everything. Next to nothing in return. That some see this as good just shows how standards have sunk. The U.S. is now a high tariff protectionist country, 10% is the new baseline, and trade deals are judged not on how much they

tom cruise now is older than paul newman was in the color of money. but instead of gracefully aging into sick newman-esque "you-wouldn't-believe-the-things-i've-seen" late-career roles, cruise still insists on playing action heroes and trying to look 20 years younger...

DOGE's greatest accomplishment may have been in exposing how there isn't nearly enough "waste, fraud, and abuse" to get anywhere close to balancing the budget. What that means is that the Elon Musk position on BBB -- which also is bouncing around Wall St -- is that what's

🟡 SCOOP by me for Semafor Committee to Protect Journalists has directed a British law firm to set up a legal entity in the UK, in part as a precautionary measure against potential Trump administration executive orders targeting American nonprofits. semafor.com/article/06/11/…

Nice piece from my colleague Soma Biswas on how Michaels is benefitting from Party City and Joann filing for bankruptcy earlier this year.

over the last 24h i found a lot of people here who agree with the fact that "we should have more billionaires" & disagree strongly with zohran. imo that is a very powerful statement, so i put it on a tshirt. in a design inspired by his :) get urs: link below!!

CNN: According to four officials inside FEMA.. a new rule that any expected expenditure over $100,000 needed sign off from Noem slowed the federal response.  The sources tell us that FEMA's deployment of urban search and rescue teams, which are typically deployed in

A man on a yacht claimed ties to the Astor family, and soon a deal was stamped with the seal of a regal lion. Three years later, $400 million was gone. on.wsj.com/3GNn6bM

This is awful. Reliable economic data is a key strength of the US economy. When Argentina and Greece faked economic data it contributed to major crises. I don't think Trump will be able to fake the data given the procedures. But there is now a risk plus an awful appearance.

Madoff feeder fund’s $6 billion clawback attempt shut down in appeals court wsj.com/articles/madof…

Some enterprising journalist should go through the public filings of the evergreen private equity funds, throw GPT at their intentionally obtuse financials, and create simple tables of their positions: cost, and market value. And just post the legible data as a public service...