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Young adults are throwing their support behind calls for a four-day workweek. A new national survey from CNBC/Generation Lab of 1,033 people aged 18 to 34 found that an overwhelming 81% of respondents believe a four-day workweek would boost their company's productivity, while 19% said productivity would decline. Exos, a U.S. coaching company that trains top athletes and leads corporate wellness programs, recently reported results from the first six months of an ongoing four-day workweek experiment. Other four-day workweek trials have shown similar gains. Although respondents to the CNBC/Generation Lab survey largely agreed on workweek length, they were less unified when asked about work setting.
Persons: Sen, Bernie Sanders, Mark Takano, Barry Diller, Steven Cohen, Cohen Organizations: CNBC, Representatives, IAC, New York Mets Locations: USA, U.S
Little Island, the $260 million park on the Hudson River that opened in 2021, was imagined as a haven for innovation in the performing arts. But the park’s cultural offerings — mostly sporadic, one-off works — have so far fallen short of those ambitions. Now Barry Diller, the billionaire media mogul who paid for the park, is setting out to deliver on the original vision, financing a robust, four-month annual performing arts festival on Little Island, the park announced on Monday. The festival, one of the most ambitious artistic undertakings in New York City in recent years, will promote new work in music, dance, theater and opera. “I want people to enjoy the originality and adventure of Little Island,” Diller said.
Persons: Barry Diller, Scott Rudin, Diller, Twyla Tharp, Mozart’s, Figaro, Anthony Roth Costanzo, , ” Diller Locations: Little, New York City
The mom-of-two legally changed it to her beloved nickname as a birthday present to herself at 38. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . My 38th birthday was coming up in June 2000, and I knew exactly what I wanted to give myself as a present. I decided to legally change my birth name — which I hated — to my nickname. But my parents sometimes called me by my birth name, especially when they were angry or disciplining me.
Persons: Lissy Dunning, Phyllis, , Elaine, Patricia Elizabeth, Phyllis Diller, Alexander, Alex, They've, Autumn, I'd, I'm, I've Organizations: Service, Business Locations: Ohio, Michigan
The commutation went largely unnoticed as the country grappled with the aftermath of a pro-Trump mob’s attack on the Capitol, which included assaults on Capitol Police officers. Since then, Mr. Trump has referred to the rioters as “patriots” and “hostages,” and has criticized an officer who shot and killed a woman trying to breach a doorway near the House chamber. Mr. Trump has been endorsed by three police unions. He recently stood next to the Nassau County Police commissioner at a microphone outside a funeral home where he paid a condolence call at the wake for a slain New York Police officer, Jonathan Diller. Days later, Mr. Trump promised at a rally that he would pass a law for a mandatory death penalty for people who kill police officers.
Persons: Donald J, Trump, , Jonathan Diller Organizations: Capitol Police, Nassau County Police, New York Police Locations: New York, Nassau County
The Daily Beast has long been an outlier in the digital empire of the billionaire Barry Diller. As sites like Match.com and Expedia made millions over the years, Mr. Diller’s digital tabloid lost money, publishing scoop after scoop but struggling to turn a profit. Mr. Sherwood and Ms. Coles will be granted an equity stake equivalent to roughly half of The Daily Beast, with IAC keeping the majority, according to a person familiar with the matter. Mr. Sherwood, 60, will be its chief executive and publisher, and Ms. Coles, 61, will be chief creative and content officer. The decision to bring in Mr. Sherwood and Ms. Coles came after Mr. Diller considered a sale of The Daily Beast and had conversations with various suitors.
Persons: Barry Diller, Expedia, Diller, he’s, Ben Sherwood, Joanna Coles, Sherwood, Coles, Janice Min Organizations: Disney ABC Television Group, Hearst Magazines, IAC, Daily, Hollywood, Ankler Media, The Hollywood Locations: Ben
New York CNN —Shares of Trump Media & Technology Group are in free fall. Trump Media is now trading below $31. Trump owns a dominant stake of 78.8 million shares in the company, which generates little revenue and is losing users. At the closing high for Trump Media’s stock price, the former president’s stake was valued at $5.2 billion. Trump Media disclosed losing $58 million in 2023 on very light revenue of just $4.1 million.
Persons: Donald Trump’s, Trump, , Shannon Devine, Capital’s Matthew Kennedy, Billionaire Barry Diller, ” Shannon Devine, it’s Organizations: New, New York CNN, Trump Media & Technology Group, Trump Media, Nasdaq, Trump, Big Tech, ” Trump Media, CNN, Expedia, People Magazine, IAC, CNBC Locations: New York
Decades of trade deficits and a strong dollar created too many "losers" in the U.S. economy who turned to Donald Trump's protectionist policies, according to Richard Koo, chief economist at the Nomura Research Institute — and those conditions remain. Trump's "America First" economic policies led his administration to institute a slew of trade tariffs on China, Mexico, the European Union and others, including slapping 25% duties on imported steel and aluminum. These policies have drawn widespread criticism from economists, who argue that tariffs are counterproductive, as they make imported goods more expensive for the average American. "When we studied economics and free trade, in particular, we were taught...that free trade always creates both winners and losers in the same economy, but the gain that winners get is always greater than the loss of the losers, so the society as a whole always gains. So that's why the free trade is good," he noted.
Persons: Donald Trump, Jonathan Diller, Donald Trump's, Richard Koo, Trump, Steve Sedgwick, Koo Organizations: U.S, New York City Police Department, NYPD, Nomura Research Institute, European Union, Republican Locations: New, Rockaway, Queens, Massapequa Park , New York, U.S, China, Mexico
Read previewThe proxy war between Disney and billionaire activist investor Nelson Peltz is over. According to The Wall Street Journal, Peltz's hedge fund Trian Partners may have profited about $300 million by waging a 16-month proxy battle against Disney, citing anonymous sources familiar with the matter. AdvertisementLast February, Bloomberg reported that Peltz made about $154 million in paper profit after buying 9.4 million shares of Disney. After all, Peltz waged two separate proxy battles against Disney in less than two years. AdvertisementWhen asked about the outcome of Peltz's proxy war, IAC chairman and billionaire Barry Diller told CNBC's Squawk Box on Thursday that the battle was a "grand waste of time" and questioned the value of Petlz's activist campaign.
Persons: , Nelson Peltz, Bob Iger, Iger, Peltz …, Peltz, Trian, James Park, Barry Diller, CNBC's Organizations: Service, Disney, Wall Street, Business, Bloomberg, The, University of California, IAC, Trian Partners Locations: Los Angeles
Trump Media stock sinks to post-merger low
  + stars: | 2024-04-05 | by ( Matt Egan | ) edition.cnn.com   time to read: +1 min
CNN —Shares of Truth Social owner Trump Media & Technology Group tumbled 12% on Friday, sinking to their lowest level since the company went public last week. Despite this week’s losses, Trump Media shares have still spiked by more than 130% so far this year. Trump Media recently disclosed losing $58 million last year on very light revenue of just $4.1 million. Barry Diller, the billionaire chairman of Expedia and People Magazine owner IAC, told CNBC on Thursday that Trump Media is a “scam” and people buying the stock are “dopes.”“I mean, it’s ridiculous,” Diller said on CNBC. “The company has no revenue.”A Trump Media spokesperson denounced critics of the company.
Persons: Donald Trump’s, Barry Diller, , ” Diller, Trump, ” Shannon Devine Organizations: CNN, Social, Trump Media & Technology Group, Trump Media, Nasdaq, Trump Media’s, Wall Street, Expedia, People Magazine, IAC, CNBC Locations:
Barry Diller on Truth Social: It's a scam
  + stars: | 2024-04-04 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBarry Diller on Truth Social: It's a scamBarry Diller, IAC chairman and senior executive & Expedia chairman and senior executive, joins 'Squawk Box' to discuss Disney's proxy fight win over activist investor Nelson Peltz, Paramount's merger discussion with Skydance, whether TikTok poses a national security threat, DOJ's antitrust lawsuit against Apple, Truth Social, AI regulation, the prospect of a 4-day workweek, and more.
Persons: Barry Diller, Nelson Peltz Organizations: Truth, IAC, Apple
A representative from Wyndham Hotels & Resorts, the parent company of Super 8, said each Super 8 is an individually operated franchise that sets its own rates. However, all franchise owners have access to the same revenue management software that they can use to set pricing strategy. The Ritz-Carlton in Dallas is currently listing a two-night stay at $7,600 for Sunday-Tuesday. One week later, the price for a two-night stay will be $1,329. Even Super 8 hotels in Glendale, Ariz., the site of the men’s N.C.A.A.
Persons: Thelma Diller, “ I’ve, , Organizations: Wyndham Hotels & Resorts, Ritz, Carlton, Masters Locations: Dallas, Glendale, Ariz, Augusta , Ga, Augusta, Malvern , Ark
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBarry Diller: Sensible for companies to move to a '4 days in office, Fridays flexible' standardBarry Diller, IAC chairman and senior executive & Expedia chairman and senior executive, joins 'Squawk Box' to discuss Disney's proxy fight win over activist investor Nelson Peltz, Paramount's merger discussion with Skydance, whether TikTok poses a national security threat, DOJ's antitrust lawsuit against Apple, AI regulation, the prospect of a 4-day workweek, and more.
Persons: Barry Diller, Nelson Peltz Organizations: Sensible, IAC, Apple
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with IAC chairman and senior executive Barry DillerBarry Diller, IAC chairman and senior executive & Expedia chairman and senior executive, joins 'Squawk Box' to discuss Disney's proxy fight win over activist investor Nelson Peltz, Paramount's merger discussion with Skydance, whether TikTok poses a national security threat, DOJ's antitrust lawsuit against Apple, AI regulation, the prospect of a 4-day workweek, and more.
Persons: Barry Diller Barry Diller, Nelson Peltz Organizations: IAC, Apple
Barry Diller shares urgent warning about AI
  + stars: | 2024-04-04 | by ( Jordan Hart | ) www.businessinsider.com   time to read: +1 min
Billionaire Barry Diller said it's time to get serious about regulating AI. Diller has two suggestions for legislators about how to reel in AI. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The latest titan to voice alarm is the media billionaire Barry Diller, who raised his concerns about AI to CNBC on Thursday. "All attention should go towards regulating artificial intelligence, and we don't have a minute to lose," the IAC chairman said.
Persons: Barry Diller, Diller, , we're Organizations: Service, CNBC, IAC
Barry Diller thinks that shareholders of Truth Social's owner have been scammed. The IAC chairman pointed to Trump Media's low revenue and said he doubts Truth Social will grow. Shares for Trump Media and Technology Group initially surged after going public, but have since tumbled. AdvertisementBarry Diller has a message for Trump Media shareholders: "I think they're dopes." But that moment in the sun was short-lived, and shares of the former president's social media platform have since come crashing down to earth.
Persons: Barry Diller, Organizations: Truth, IAC, Trump, Trump Media, Technology Group, Service, Business
Trump Media is "a scam," and people buying its high-flying stock are "dopes," IAC and Expedia Chairman Barry Diller said Thursday in a scathing takedown of the social media company whose majority shareholder is former President Donald Trump. "I mean, it's ridiculous," Diller said on CNBC's "Squawk Box" when asked about Trump Media. When Trump Media began trading last week with the ticker DJT, its share price rocketed up about 50% to close to $80 before settling down. As of Thursday morning, Trump Media shares were selling for nearly $47. Trump Media on Monday reported it had net losses of $58 million in 2023.
Persons: Barry Diller, Donald Trump, Diller, Trump Organizations: Trump Media, IAC, CNBC
Companies may eventually transition to four days in person, with a flexible Friday option, according to Barry Diller. Which is what is going to lead to — I think sensibly — not necessarily a four-day work week, but four days in the office, and Fridays you can work from home or work at your own schedule." In the wake of the Covid-19 pandemic, companies have gravitated toward flexible working schedules, but the multitude of options has created some "chaos" at companies, according to Diller. Diller isn't the only investor calling for a more flexible working norm. During an interview with CNBC's "Squawk Box" on Wednesday, Mets owner Steve Cohen said that the growth of artificial intelligence could lead to a shortened four-day work week.
Persons: Barry Diller, CNBC's, Diller, Steve Cohen Organizations: IAC, Wednesday, Mets
Barry Diller thinks employees should come into the office — but he'll settle for four days a week. Diller told CNBC different hybrid work models are causing chaos, and advocated for a standard model. On Fridays, Diller sees a future where people "can work from home or work at your own schedule." AdvertisementBarry Diller believes all the hybrid work models adopted by different companies in the wake of the pandemic are spawning "chaos." On Fridays, Diller foresees a future where employees "can work from home or work at your own schedule," he said.
Persons: Barry Diller, Diller, , Diller foresees Organizations: CNBC, Service, IAC, Business
Trump loses late bid to delay New York hush money trial
  + stars: | 2024-04-03 | by ( Dan Mangan | ) www.cnbc.com   time to read: +2 min
A judge on Wednesday rejected a last-ditch effort by former president Donald Trump to delay his hush money trial scheduled to begin in New York on April 15. Merchan, in shooting down that request, said Trump had "myriad opportunities" to make an argument that he was immune in the hush money case before March 7, when his attorneys first raised that claim. "Defendant's motion is DENIED as untimely," Merchan wrote in his decision issued in Manhattan Supreme Court, which is a trial-level court. Trump is charged in the case with falsifying business records related to a hush money payment to Daniels shortly before the 2016 presidential election. in his ruling, Merchan wrote that Trump's lawyers "fail to explain why Defendant waited long past" a statutory deadline of 45 days before trial to make a pre-trial motion seeking a delay.
Persons: Donald Trump, Jonathan Diller, Trump, Judge Juan Merchan, Joe Biden's, Merchan, Michael Cohen, Stormy Daniels, Cohen, Daniel, Daniels, Trump's Organizations: U.S, New York City Police Department, NYPD, Supreme, Manhattan, Attorney's Office, White Locations: New, Rockaway, Queens, Massapequa Park , New York, U.S, New York, Washington ,, Manhattan
Trump posts $175 million bond in civil fraud case
  + stars: | 2024-04-01 | by ( Adam Reiss | Zoë Richards | ) www.cnbc.com   time to read: 1 min
Former U.S. President Donald Trump speaks after attending a wake for New York City Police Department (NYPD) officer Jonathan Diller, who was shot and killed while making a routine traffic stop on March 25 in the Far Rockaway section of Queens, in Massapequa Park, New York, U.S., March 28, 2024. Former President Donald Trump has posted a $175 million bond in the New York civil fraud case, preventing seizure of his assets while the case is on appeal. The bond comes after a state appeals court ruled last week that the former president and his co-defendants had 10 days to post the amount, which was reduced from the $464 million judgment that was originally due March 25. Before last week's ruling, Trump was liable for $454 million, most of the fraud judgment, but the amount he owed had been growing by more than $111,000 daily due to added interest.
Persons: Donald Trump, Jonathan Diller, Trump Organizations: U.S, New York City Police Department, NYPD Locations: New, Rockaway, Queens, Massapequa Park , New York, U.S, New York
Donald Trump shared an image of Joe Biden hog-tied on the tailgate of a passing pickup truck. The Republican presidential nominee was accused of inciting violence against President Joe Biden. AdvertisementRepublican presidential nominee Donald Trump faced criticism Friday for posting a video on his social media that showed President Joe Biden hog-tied on the tailgate of a passing pickup truck. Trump just posted a video of a pickup truck on Truth Social that has a giant image of President Biden bound with rope and laying, apparently kidnapped. Related stories"Democrats and crazed lunatics have not only called for despicable violence against President Trump and his family, they are actually weaponizing the justice system against him."
Persons: Donald Trump, Joe Biden, , Jonathan Diller, Trump, Biden, MAGA, WFiXIFWU7R, Brian Tyler Cohen, Michael Tyler, Tyler, Steven Cheung, lunatics, President Trump, Mr Trump's, Kathy Griffin's, Kathy Griffin’s, Kathy Griffin, lene W hite, ake Organizations: Republican, Service, Trump, NBC, Capitol Police Locations: Long Island , New York, Huntington , Long, Huntington Long
Former President Donald Trump shared a video on social media Friday that included an image of President Joe Biden bound and restrained in the back of a pickup truck. The 20-second video, which Trump indicated was taken Thursday in Long Island, New York, shows a truck emblazoned with "Trump 2024" and a large picture depicting Biden tied up and lying on his side. When reached for comment on the image in the video, Trump campaign spokesperson Steven Cheung said, "That picture was on the back of a pick up truck that was traveling down the highway." Biden campaign spokesman Michael Tyler slammed Trump for posting the video. Trump faces four criminal indictments for charges related to allegations of election interference, mishandling classified documents and falsifying business records related to hush money payments.
Persons: Donald Trump, Joe Biden, Giorgia Meloni, Trump, Biden, Jonathan Diller, Steven Cheung, Cheung, Michael Tyler, Tyler, , Alvin Bragg's, Juan Merchan Organizations: Trump Organization, Court, Italy's, White, Trump, Capitol Police Locations: New York, Manhattan, New York City, U.S, Washington , U.S, Long Island , New York, Long
CNN —Former President Donald Trump on Friday posted a video that featured an image of President Joe Biden tied up in the back of a pickup truck. The video shows two trucks with flags and decals expressing support for Trump; the image of Biden was on the back of the second truck. Trump campaign spokesman Steven Cheung said in a statement, “That picture was on the back of a pick up truck that was traveling down the highway. Trump warned earlier this month that if he were to lose the 2024 election, it would be a “bloodbath” for the US auto industry and the country. The real threat is from the radical left, and it’s growing every day.”
Persons: Donald Trump, Joe Biden, Trump, Jonathan Diller, Biden, Steven Cheung, lunatics, President Trump, ” Biden, Michael Tyler, ’ Trump, , Vladimir Putin, , ” Trump Organizations: CNN, Trump, Capitol Police Locations: , Mexico, New Hampshire, Nazi Germany
Kushner and Kloss take over Life magazineLife, the iconic photography-focused chronicler of the 20th century, has taken on many forms, including a weekly magazine, a website and the occasional special issue. Kushner and Kloss are buying the publication rights to Life from Dotdash Meredith, the print and digital publisher. The deal is being done through Bedford Media, the media start-up that Kloss leads as C.E.O. Life was once a central part of American culture, featuring the work of renowned photographers like Robert Capa and writing by top authors. (Ernest Hemingway’s “The Old Man and the Sea” first appeared in its pages.
Persons: Kushner, Kloss, Barry, Josh Kushner, Dotdash Meredith, Robert Capa, Ernest Hemingway’s “ Organizations: IAC, Bedford Media Locations: OpenAI
A man was charged on Thursday with first-degree murder in the fatal shooting of Police Officer Jonathan Diller, the Queens district attorney announced. Ms. Katz said that Mr. Rivera faced life in prison without parole if convicted. It was not clear whether Mr. Rivera had a lawyer. Officer Diller then yelled at Mr. Rivera to take his hands out of his pockets, the police said. Officer Diller’s partner, Officer Veckash Khedna, shot Mr. Rivera in the back.
Persons: Jonathan Diller, Guy Rivera, Sasha Rosen, Rivera, Melinda Katz, Ms, Katz, Mr, Diller, Veckash Khedna Locations: Queens, Rockaway
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