Business | New York Post
Wealthier customers flock to Walmart to boost retailer’s sales in strong Q1 earnings
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“Historically, Walmart has not been able to keep them after recessions end, but maybe this time is different."
JPMorgan Chase CEO Jamie Dimon warns interest rates could stay high: ‘A lot of inflationary forces in front of us’
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The JPMorgan Chase boss said investors need to gird for a prolonged period of high interest rates due to price pressures.
Adidas plans cheaper versions of its iconic Sambas, other popular sneakers
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"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 investors
NBC ‘Meet the Press’ host Kristen Welker objected to Donald Trump interview for debut episode: report
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Cesar Conde, the chairman of NBCUniversal News, approached Welker before she took over for Chuck Todd as anchor of "Meet the Press" in September.
Fox, Disney, Warner Bros. Discovery sports-streaming venture to be called Venu Sports
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Venu Sports will be available directly through a new app and subscribers can opt to bundle the service with Disney+, Hulu or Max.
Comcast told MSNBC hosts to curb rampant Israel criticism during Oct. 7 Hamas attacks: report
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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.
GameStop, AMC shares slide for 2nd straight day as meme-stock rally fizzles
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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.
Instagram parent Meta hit with online child safety probe in Europe
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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.
Jobless claims fall by 10K after hitting nine-month high last week
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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.
Under Armour to cut jobs, warns of surprise drop in sales this year as company looks to ‘meaningfully reset’
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The company said it looks to "meaningfully reset" business in North America, its biggest market.
Dow breaks 40,000 for first time ever as optimism for Fed rate cut grows
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Wall Street is bullish over the prospect of interest rate cuts by the Fed as well as strong earnings reports by blue-chip companies.
Jim Simons-founded hedge fund boosted stake in GameStop before 400% surge in meme-stock rally: filing
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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.
Netflix to stream NFL games on Christmas in 3-year deal, placing big bet on live sports
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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.
MIT-educated brothers allegedly stole $25M in crypto in just 12 seconds
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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.
Wall Street banker dead at 35 wanted new job over grueling 100-hour work weeks: report
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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.
McDonald’s confirms $5 value meals to lure back low-income customers after price hikes
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A McDonald's spokesperson told The Wall Street Journal that the $5 offering is part of a strategy to offer nationally advertised value deals.
Elon Musk’s Neuralink suffered brain-chip issues for years before problem with human implant: report
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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.
Uber launches bus shuttle service, expands Costco tie-up to woo price-conscious users
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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.
NY Times reporters slam exec editor Joe Kahn for ‘unwillingness to tolerate dissent’: report
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Executive editor Joe Kahn was recently quoted as saying young people are "less accustomed" to "open debate" and a "robust exchange of views."
GameStop, AMC plunge as ‘Roaring Kitty’-led meme stock rally cools off
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The two firms had gained more than $11 billion combined in market value since the start of the week.
Billionaire Frank McCourt preparing bid for TikTok, aims to make app more transparent
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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.
JPMorgan Chase CEO Jamie Dimon warns of ballooning fiscal deficit: ‘America has spent a lot of money’
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In fiscal year 2024 which began last October, the Biden administration has spent $855.1 billion more than it has collected.
OpenAI chief scientist Ilya Sutskever who helped lead coup against CEO Sam Altman quits
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In November, Sutskever joined forces with other board members including Adam D'Angelo, Helen Toner and Tasha McCauley to remove Altman.
Consumer Price Index rose 3.4% in April, slightly below previous month
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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...
NYPD, FDNY, teachers and NYC worker pension funds have millions sunk in TikTok parent ByteDance
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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.