Business

Netflix's shrinking subscriber base and stock price are a reckoning for the company, raising questions about its growth prospects in the increasingly competitive streaming business."At almost every single impasse they have faced before, the company found a way to safely maneuver before hitting the wall," MoffettNathanson Research analysts said in a report. "However, this time it feels different as the first quarter 2022 earnings release, investor letter and video interview portrayed a company that was more surprised by things and less clear than ever about the path forward."  In response, Netflix is already moving to cut costs by pulling the plug on a number of shows. The latest casualty is an animated series created by Meghan Markle, known by its working title "Pearl," that was on...

Fashion designer Michelle Smith and SoulCycle instructor Stacey Griffith are teaming up with Walmart on an activewear and swim line, the retailing giant announced on Friday. The Love & Sports brand is available on the company's ecommerce site and is starting to roll out to 1,500 Walmart stores, the company said in a news release. The initial offerings feature 121 women's items, including running shorts, sweatshirts, sports bras and swimsuits, priced between $12 and $42.Smith co-founded the Milly apparel brand and designed the dress worn by Michelle Obama in her Smithsonian portrait. Griffith, meantime, has a devoted following as an indoor cycling instructor. The couple met at a SoulCycle class.  Love & Sports - Stacey Griffith and Michelle Smith ...

Tennis great Boris Becker was sentenced on Friday to 2 1/2 years in prison for illicitly transferring large amounts of money and hiding assets after he was declared bankrupt.The three-time Wimbledon champion was convicted earlier this month on four charges under the Insolvency Act and had faced a maximum sentence of seven years in prison.Judge Deborah Taylor announced the sentence after hearing arguments from both the prosecutor and Becker's attorney. The 54-year-old German was found to have transferred hundreds of thousands of pounds (dollars) after his June 2017 bankruptcy from his business account to other accounts, including those of his ex-wife Barbara and estranged wife Sharlely "Lilly" Becker.Becker was also convicted of failing to declare a pro...

New York — Telfar Clemens is creating his own fashion playbook and it's catapulting him to the top. The Queens native says he began designing clothes at 15 because he couldn't find any that fit his style."I wasn't allowed to have the clothes that I wanted to wear, because sometimes we'll be in the women's section and I would have to explain this whole thing to my mom, who's actually paying, that I want this crop top," he tells me from his warehouse studio in Bushwick.Inspired by designer Jean Paul Gaultier, Clemens began creating original, gender-fluid garments he describes as everyday clothing items made "better and nicer for everyday use." "I'm just looking at what you have, you know, and being like, I'm the clothes that you wear when you're not goin...