Business | New York Post
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Wealthier customers flock to Walmart to boost retailer’s sales in strong Q1 earnings “Historically, Walmart has not been able to keep them after recessions end, but maybe this time is different."nypost.com
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JPMorgan Chase CEO Jamie Dimon warns interest rates could stay high: ‘A lot of inflationary forces in front of us’ The JPMorgan Chase boss said investors need to gird for a prolonged period of high interest rates due to price pressures.nypost.com
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Adidas plans cheaper versions of its iconic Sambas, other popular sneakers "It's important to understand that not everyone can afford to buy a shoe for 120 or 150 [dollars], but everyone wants to take part in the same trends," CEO Bjorn Gulden told investorsnypost.com
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NBC ‘Meet the Press’ host Kristen Welker objected to Donald Trump interview for debut episode: report Cesar Conde, the chairman of NBCUniversal News, approached Welker before she took over for Chuck Todd as anchor of "Meet the Press" in September.nypost.com
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Fox, Disney, Warner Bros. Discovery sports-streaming venture to be called Venu Sports Venu Sports will be available directly through a new app and subscribers can opt to bundle the service with Disney+, Hulu or Max.nypost.com
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Comcast told MSNBC hosts to curb rampant Israel criticism during Oct. 7 Hamas attacks: report Comcast staged a rare intervention over MSNBC's rampant criticism of Israel during its coverage of the deadly Oct. 7 terrorist attacks by Hamas, according to a report.nypost.com
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GameStop, AMC shares slide for 2nd straight day as meme-stock rally fizzles The sharp surge in the shares began after a series of posts from Keith Gill's X account "Roaring Kitty," whose bullish posts on GameStop was a reason for the 2021 meme stocks frenzy.nypost.com
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Instagram parent Meta hit with online child safety probe in Europe The European Commission is probing whether Meta is in violation of the Digital Services Act – a sweeping law that took effect last year and requires Big Tech firms to police content on their platforms.nypost.com
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Jobless claims fall by 10K after hitting nine-month high last week Jobless claims have remained at historically low levels since millions of jobs were lost when the COVID-19 pandemic hit the US in the spring of 2020.nypost.com
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Under Armour to cut jobs, warns of surprise drop in sales this year as company looks to ‘meaningfully reset’ The company said it looks to "meaningfully reset" business in North America, its biggest market.nypost.com
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Dow breaks 40,000 for first time ever as optimism for Fed rate cut grows Wall Street is bullish over the prospect of interest rate cuts by the Fed as well as strong earnings reports by blue-chip companies.nypost.com
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Jim Simons-founded hedge fund boosted stake in GameStop before 400% surge in meme-stock rally: filing Renaissance Technologies, the quantitive hedge fund firm founded by the late investor Jim Simons, bought just over 1 million shares of GameStop, according to a securities filing.nypost.com
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Netflix to stream NFL games on Christmas in 3-year deal, placing big bet on live sports The deal marks the first time Netflix has licensed the rights to one of the world's biggest sports leagues and also the first time it would show live football.nypost.com
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MIT-educated brothers allegedly stole $25M in crypto in just 12 seconds Federal prosecutors called the scheme "novel" and said the case marked the first time that such a fraud had ever been the subject of US criminal charges.nypost.com
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Wall Street banker dead at 35 wanted new job over grueling 100-hour work weeks: report Leo Lukenas reportedly contacted an executive recruiter about a new job before he died on May 2 of what the medical examiners called an acute coronary artery thrombus.nypost.com
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McDonald’s confirms $5 value meals to lure back low-income customers after price hikes A McDonald's spokesperson told The Wall Street Journal that the $5 offering is part of a strategy to offer nationally advertised value deals.nypost.com
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Elon Musk’s Neuralink suffered brain-chip issues for years before problem with human implant: report The company knew from animal testing it had conducted ahead of its US approval last year that the wires might retract, and Neuralink deemed the risk low enough for a redesign not to be merited, sources said.nypost.com
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Uber launches bus shuttle service, expands Costco tie-up to woo price-conscious users The initiatives were unveiled at Uber's GO-GET annual event for new products and are meant to maintain growth at the ride-share and delivery giant after a strong 2023.nypost.com
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NY Times reporters slam exec editor Joe Kahn for ‘unwillingness to tolerate dissent’: report Executive editor Joe Kahn was recently quoted as saying young people are "less accustomed" to "open debate" and a "robust exchange of views."nypost.com
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GameStop, AMC plunge as ‘Roaring Kitty’-led meme stock rally cools off The two firms had gained more than $11 billion combined in market value since the start of the week.nypost.com
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Billionaire Frank McCourt preparing bid for TikTok, aims to make app more transparent TikTok's parent company ByteDance has already said it does not plan to sell the platform. The Chinese government is also unlikely to approve a sale.nypost.com
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JPMorgan Chase CEO Jamie Dimon warns of ballooning fiscal deficit: ‘America has spent a lot of money’ In fiscal year 2024 which began last October, the Biden administration has spent $855.1 billion more than it has collected.nypost.com
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OpenAI chief scientist Ilya Sutskever who helped lead coup against CEO Sam Altman quits In November, Sutskever joined forces with other board members including Adam D'Angelo, Helen Toner and Tasha McCauley to remove Altman.nypost.com
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Consumer Price Index rose 3.4% in April, slightly below previous month The Consumer Price Index rose 3.4% in April from a year ago — easing from the previous month but still well above the Federal Reserve’s 2% target as it looks to tamp down inflation. The latest monthly figure eased slightly from 3.5% in March to 3.4% in April, in line with economists’ forecasts, according to...nypost.com
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NYPD, FDNY, teachers and NYC worker pension funds have millions sunk in TikTok parent ByteDance As TikTok's future in the US remains murky, dozens of venture capitalist firms have invested millions of dollars from US pensions funds – including those of New York's police officers and firefighters – into the Chinese company that Congress has forced to sell off the social media platform.nypost.com
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Ken Griffin rips Biden for ‘incoherent’ policy on China tariffs, says Trump would be a strong president Ken Griffin, an influential Republican donor, also criticized the Biden administration over its energy policy.nypost.com
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McDonald’s is getting rid of free drink refills — and more fast-food chains may follow Empty cups and empty hearts. McDonald’s customers are bidding a bitter farewell to free drink refills, one of the latest casualties from the brand already facing an identity crisis over extreme prices. A recent customer in Pittsburgh told Marketplace.org that their local location began charging patrons for drink re-ups, something once a given for free...nypost.com
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Google parent Alphabet unveils beefed-up AI chatbot Gemini as competition heats up The new AI features will help investors evaluate Alphabet's progress as it races against Microsoft, OpenAI and other competitors to dominate the emerging technology.nypost.com