Elon Musk Sold Nearly $7 Billion Tesla Shares, Cashing In After the Stock Rebounded
Elon Musk said he sold Tesla stock to prepare for a forced Twitter acquisition. But that’s at least two months away.
Inflation Cooled in July as Gas Prices Fell, But Food and Rent Remain Expensive
The Consumer Price Index rose 8.5 percent in July from a year ago, suggesting inflation is finally starting to cool after several months of record surges.
The Best PR Firms in America 2022
Here is the Observer’s annual list of the 50 best PR firms in America.
Business
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After Laying Off Its Baggage Workers During Covid, Qantas Now Wants Its Senior Executives to Pitch In
Australian airline Qantas is asking corporate workers to volunteer as baggage handlers to help ease a labor shortage.
Sweetgreen Cuts Its Revenue Forecast and Lays Off Workers, Citing Slow Return to Office Trends
Sweetgreen shares fell after the salad chain downgraded its annual revenue forecast, citing a slowdown in sales growth driven in part by “a slower-than-expected return to office.”
Sotheby’s Will Auction Michael Jordan’s 1998 Finals Jersey for an Estimated $5 Million
A Chicago Bulls jersey worn by Michael Jordan during the 1998 NBA Finals and depicted in ‘The Last Dance’ documentary will soon be headed to auction.
China’s Retaliation For Pelosi’s Taiwan Visit Could Worsen America’s Opioid Crisis
China has suspended cooperation with Washington to combat cross-border drug trafficking in the wake of Nancy Pelosi’s visit to Taiwan.
Meta Provided Prosecutors with Private Messages About Abortion in a Case Against a 17-Year-Old
Meta has set a dangerous precedent by being the first social media platform to provide abortion-related data to law enforcement.
Entertainment
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Why Is This Trending? The Dave Matthews Band Chicago River Incident
The Dave Matthews Band trends every year for reasons they and 120 passengers on a Chicago tour boat would prefer to forget.
Mary Rodgers, Jesse Green and the Making of a No-Holds-Barred Memoir
“I spent hundreds of hours with her, laughing, and I wanted to duplicate that,” Jesse Green says of the no-holds-barred Mary Rodgers memoir ‘Shy.’
Olivia Newton-John, Beloved Singer and “Grease” Actress, Dead At 73
Actress and singer Olivia Newton-John has passed away after years of battling breast cancer.
Power Lists
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The DeFi Dozen: Here Are the Hottest DeFi Companies of 2022
Observer and CoinDesk studied market capitalization, valuation based on venture investment and more to identify the hottest DeFi companies of 2022. Here they are.
PR Rising Stars 2022
Public relations and marketing is a constantly evolving field, even during a pandemic. For that reason, it’s long been a
The Best PR Firms in America 2022
Here is the Observer’s annual list of the 50 best PR firms in America.
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All LatestAfter Laying Off Its Baggage Workers During Covid, Qantas Now Wants Its Senior Executives to Pitch In
Australian airline Qantas is asking corporate workers to volunteer as baggage handlers to help ease a labor shortage.
How to Get an Artist (or Remote) Visa Nearly Anywhere
You may be asking yourself if where you’re at is where you want to be, so we collected a list of work visa options for you to jet away to.
Elon Musk Sold Nearly $7 Billion Tesla Shares, Cashing In After the Stock Rebounded
Elon Musk said he sold Tesla stock to prepare for a forced Twitter acquisition. But that’s at least two months away.
Sweetgreen Cuts Its Revenue Forecast and Lays Off Workers, Citing Slow Return to Office Trends
Sweetgreen shares fell after the salad chain downgraded its annual revenue forecast, citing a slowdown in sales growth driven in part by “a slower-than-expected return to office.”
Sotheby’s Will Auction Michael Jordan’s 1998 Finals Jersey for an Estimated $5 Million
A Chicago Bulls jersey worn by Michael Jordan during the 1998 NBA Finals and depicted in ‘The Last Dance’ documentary will soon be headed to auction.
Inflation Cooled in July as Gas Prices Fell, But Food and Rent Remain Expensive
The Consumer Price Index rose 8.5 percent in July from a year ago, suggesting inflation is finally starting to cool after several months of record surges.
The Classic White Tank Tops That Are Always in Style
A white tank is a wardrobe essential.
China’s Retaliation For Pelosi’s Taiwan Visit Could Worsen America’s Opioid Crisis
China has suspended cooperation with Washington to combat cross-border drug trafficking in the wake of Nancy Pelosi’s visit to Taiwan.
Meta Provided Prosecutors with Private Messages About Abortion in a Case Against a 17-Year-Old
Meta has set a dangerous precedent by being the first social media platform to provide abortion-related data to law enforcement.
The Crypto Winter Hit Coinbase Worse Than Wall Street Expected
Coinbase reported a net loss nearly twice as large as expected after a brutal quarter for cryptocurrencies.
NYC Mayor Eric Adams Says Chipotle Will Pay $20 Million to Workers After Allegedly Violating Labor Laws
Chipotle will pay $20 million to New York City employees for labor violations including failing to provide scheduling two weeks in advance, and failing to provide workers with sick leave.
Review: Artist Portia Munson Takes on Modern Feminism at PPOW Gallery
Artist Portia Munson’s recent solo show at PPOW Gallery takes on feminist aesthetics and if we have ultimately missed something.
Serena Williams Says She’ll Move on From Tennis, but Would Remain on the Court if She Were a Man
Serena Williams plans to move on from tennis to focus on family and her new venture capital firm, but would still be playing if she didn’t have the burden of motherhood, she told Vogue in an interview published today.
The High Line Names Alan van Capelle its New Leader as it Attempts to Combat Gentrification
Alan van Capelle will become the High Line’s director early next year, with plans to focus on community-building.
After Its Lentil Crumbles Sickened Customers, Daily Harvest Is Laying off 15% of Its Workforce
Daily Harvest has announced layoffs affecting 15 percent of the company. The news comes after the meal service’s lentil crumbles were linked to severe gastrointestinal issues.
Streaming Services Eye Dinosaur TV Model They Meant To Replace
Major streaming platforms are headed toward ad-supported tiers, and it’s changing the whole media industry.
Jet Set: How to Pack for Easeful Travel
From a polished leather tote and printed duffle to a chic jewelry organizer and the softest joggers, here are the travel pieces we’re loving and coveting right now.
Jack Dorsey’s Square/Block Has Become Too Confusing of a Company for its Own Good
Square/Block now has so many moving parts that even professional stock analysts are a little lost.
What to Watch on Streaming
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What to Watch on Streaming This Week: August 5-11
This week offers the story of a real-life rescue, an action-packed alien movie, and multiple ’70s throwbacks.
What’s Leaving Streaming This August
From franchises to indie films, catch these movies before they leave streaming at the end of the month.
What to Watch on Streaming This Week: July 29-August 4
Between indie films and social media satire, this week’s streaming options are overflowing with high-quality content.
Reviews
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‘Bullet Train’ Might Be the Worst Movie Ever Made
‘Bullet Train’ features the worst assemblage of bad acting ever collected in a single film. There is also a poisonous snake.
Review: Robert Icke’s ‘Oresteia’ Skillfully Brings Greek Tragedy to Today’s Crises
At Park Avenue Armory, writer-director Robert Icke transforms Greek tragedy ‘Oresteia’ for a more postmodern audience.
Review: ‘The Haunting of Hajji Hotak’ Is a Surreal Gamified Tale of the Occupation of Afghanistan
Author Jamil Jan Kochai explores the Logar province of Afghanistan through the short story collection ‘The Haunting of Hajji Hotak.’
Arts
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Observer’s Slambook: Cartoonist Gizem Vural Always Responds to Emails
Cartoonist Gizem Vural answered the Observer’s Slambook series, answering a series of randomized questions that have little to do with art.
TikTok Has Changed Everything, Especially Book Publishing
TikTok’s algorithms take us deeper into ourselves, yet the viral app has profoundly shifted how books get publicity and find new audiences.
Author Elle Nash Talks Early Internet, Obsession, and New Book ‘Gag Reflex’
Author Elle Nash has a new book ‘Gag Reflex’ out through Clash Books. She sat down with Observer to discuss fiction and much more.
Pinterest Once Again is a Casualty of Other Social Media Companies’ Crises
Pinterest has consistently exceeded Wall Street analysts’ earnings expectations in recent quarters. But its stock price barely reflects it.
The Metropolitan Museum of Art Acquired a Collection of Indian Works Previously Rejected Over Questionable Provenance
The Met has just purchased a number of Indian artworks from late artist Howard Hodgkin’s collection, which was previously offered to the Ashmolean museum and rejected over concerns of provenance.
Mel Magazine Lays off Its Staff, Again
Mel Magazine lays off its entire staff, bringing into question the future of the publication yet again.
Lifestyle
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The Sophisticated Shorts to Elevate Your Summer Wardrobe
These chic shorts are polished yet effortless.
The Best Athleisure to Shop From the Outdoor Voices Summer Sale
The brand’s 30 percent off sale is now live, including their cult-favorite exercise dress.
Manhattan’s Getting a “WeWork For the .01 Percent”
A members-only co-working space is coming to Manhattan, with starting fees priced at $125,000 a head.
The Elegant and Effortless Caftans You’ll Turn to Every Summer
These sophisticated dresses prove style and comfort go hand in hand.
Home Set: Summer Hostess Gifts
From an exclusive tequila and cypress wax palette to a new votive and Diptyque’s latest collection, here’s what we’re loving and coveting at the moment.