Business | New York Post
Business | New York Post
Goldman Sachs names ex-Dallas Fed chief Robert Kaplan as vice chairman
Goldman Sachs appointed the former president of the Federal Reserve Bank of Dallas, Robert Kaplan, as its vice chairman on Tuesday. Kaplan’s new role at the David Solomon-led Wall Street behemoth adds an influential former policymaker and Goldman alum to its management committee. Kaplan, 66, stepped down as the head of the Dallas Fed in September...
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Amazon plans to deploy a dozen electric seaport trucks amid push to slash tailpipe emissions
Amazon.com, on Tuesday unveiled the first of a dozen Volvo electric big rigs it plans to deploy this year to pick up cargo from the nation's busiest container seaport in Southern California.
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Fast-growing Florida retirement haven is luring business away from Wall Street
Boca Raton is shedding its reputation as a retirement town filled with geezers in golf carts.
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California bill may remove self-checkout lanes at grocers, certain retailers
A newly proposed bill in California could ban grocery stores and certain retailers from offering self-checkout options for customers in an effort to cut down on theft.
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Spirit Airlines CEO calls airline industry a ‘rigged game,’ US consumers are ‘long-term losers’
Spirit Airlines CEO Ted Christie spoke candidly about the airline industry, likening it to a rigged game and saying U.S. consumers are "the long-term losers."
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Sam Ash to close all 42 stores as beloved music chain goes out of business
Sam Ash is the latest brick-and-mortar retailer whose fall from grace has been spurred by the rise of e-commerce.
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Here’s how many McDonald’s there are in the world — and the countries where you won’t find one
By the end of 2024, McDonald's expects to open 2,100 additional locations.
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Apple unveils refreshed iPad Pro, Air lineup amid sales slump
The updated iPad Pro utilizes Apple’s more powerful M4 chip, which is set to power the company’s push to integrate artificial intelligence features within the devices.
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One in 24 NYC residents is now a millionaire: report
The Big Apple is home to the most millionaires in the world -- despite the recent exodus of wealth spurred on by the pandemic.
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Panera Bread halts sale of highly caffeinated ‘Charged’ drinks after wrongful death lawsuits
The super-caffeinated, sugary lemonade drinks contain more caffeine than Red Bull and Monster combined. It is no longer on Panera Bread's menu.
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Disney to cap Marvel output at 3 movies per year to focus on ‘quality’
Disney said it will release no more than three Marvel movies and up to two Disney+ shows each year as it focuses on “quality” following criticism that the company has been cranking out too many mediocre superhero flicks. The Mouse House said Tuesday its Disney+ and Hulu streaming platforms squeezed out their first-ever quarterly operating...
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TikTok, ByteDance sue Biden admin in bid to block US law seeking sale or ban of app
TikTok said Tuesday it has sued the Biden administration in a bid to block a new law that will force its China-based parent company ByteDance to sell within a year or face a total ban of the app in the US. Filed in a federal appeals court in Washington DC, the lawsuit seeks a court...
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FDIC probe finds widespread sexual misconduct occurred for years at bank regulator: sources
An independent report also found evidence of widespread retaliation against employees who complained about supervisor misconduct, and little evidence that such retaliation was addressed.
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Alex Rodriguez, Marc Lore in legal fight with Glen Taylor over Timberwolves ownership: report
A-Rod and Marc Lore are accusing Glen Taylor of having "seller's remorse" in reneging on a deal to sell the team to the two investors for $1.5 billion.
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Business Insider editor in chief Nicholas Carlson tells staffers he is stepping down
Nicholas Carlson said the decision has "nothing to do with any criticism" of BI's "journalism," and that he will be working on projects with parent company Axel Springer.
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Wall Street bonuses expected to surge this year — these bankers will benefit most
Wall Street firms are expected to hand out bigger bonuses this year as investment banking, equity markets and fixed income trading make major rebounds, a survey showed.
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Equinox debuts $40,000-a-year membership focused on helping members live longer
Luxury fitness chain Equinox is poised to launch one of the most expensive annual gym memberships in the world, with a promise to help members live healthier and longer — for a cool $40,000 a year. Dubbed “Optimize by Equinox,” the program was created in partnership with lab-test startup Function Health to craft personalized health...
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Embattled Peloton shares soar as private equity firms reportedly consider buyout
Last week, Peloton CEO Barry McCarthy quit and the company announced job cuts to reduce costs after posting weak results.
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Theranos fraudster Elizabeth Holmes has prison sentence shortened even further
Convicted Theranos CEO Elizabeth Holmes seems to be a model prisoner at the women’s-only Texas lockup as her sentence was slashed for the second time in less than a year, according to updated Bureau of Prisons records. The 40-year-old Holmes, known behind bars as inmate No. 24965-111 at Federal Prison Camp Bryan, was sentenced to...
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ABC News boss Kim Godwin ‘badmouthing’ new boss was ‘last straw’: sources
Embattled ABC News president Kim Godwin stepped down after she was caught "badmouthing" her new boss -- the "last straw" in a "confluence" of bad decisions that included the bungled firing of weatherman Rob Marciano last week, The Post has learned.
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Ad execs tout TikTok’s benefits for businesses in cringeworthy video: ‘So oblivious’
The timing of the video raised some eyebrows given the current bipartisan push on Capitol Hill to crack down on TikTok over national security concerns.
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Apollo-Sony bid for Paramount could face antitrust hurdles from feds: sources
Apollo, which teamed with Sony to make a $26 billion all-cash bid for the Shari Redstone-controlled media conglomerate, faces an uphill fight to circumvent the FCC’s 39% cap on the reach by local affiliates should the merger be approved by Paramount’s board, sourced said.
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Jewish JetBlue customer’s booking canceled after he complained about flight attendant’s ‘free Palestine’ pin
The airline reportedly called the police on Paul Faust, 54, just before his flight was set to take off from South Florida to Las Vegas on April 28.
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Boeing facing new probe by FAA after employee ‘misconduct’ tied to 787 inspections
The FAA has been scrutinizing Boeing’s production since the Jan. 5 midair blowout of a door plug on a 737 MAX jet.
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RFK Jr. running mate Nicole Shanahan rips ‘cowardly’ Mark Zuckerberg for allegedly censoring documentary about him
“Mark Zuckerberg, are you kidding me?! No amount of MMA fighting will make you look strong if you continue to behave so cowardly,” Shanahan said on X.
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Tyson Foods’ shares tumble more than 9% as inflation crimps demand for meat
Shares of meatpacking giant Tyson plunged more than 9% — the stock’s worst day since August — after the company said persistent inflation weakened consumer appetites for beef, pork and chicken purchases, biting into profits in the second quarter. At grocery stores, shoppers are prioritizing essential kitchen staples over discretionary categories thanks to persistent inflation...
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Ex-Starbucks CEO Howard Schultz demands coffee chain revamp: ‘The answer does not lie in data’
Schultz wrote on Sunday that Starbucks needs to regain "a maniacal focus on the customer experience, through the eyes of a merchant."
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Anna Wintour dodges Met Gala showdown as Condé Nast reaches tentative deal with union
The union announced that concessions included a minimum base salary of $61,500, expanded bereavement leave, expanded family leave, and $3.3 million in total wage increases.
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Jeff Bezos moved to Fla. and invested $60M into lab-grown meat — then Ron DeSantis banned it
New Florida residents Jeff Bezos and his fiancée Lauren Sanchez announced a $60 million initial investment into sustainable protein, including “cultivated meats” — just before Gov. Ron DeSantis barred the sale of lab-grown meat in the Sunshine State. DeSantis signed the legislation, called SB 1084, into effect on May 1, casting it as a bid...
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Tesla reportedly laying off staff in software, service teams just 1 month after mass firings
Elon Musk's Tesla has been under pressure from dropping sales and an intensifying price war among automakers.
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