Business | New York Post
Business | New York Post
Paramount mulls dumping CEO Bob Bakish as sale talks with Skydance inch forward: report
Paramount Global is reportedly considering dumping longtime CEO Bob Bakish and replacing him with a group of executives as the entertainment giant inches closer to a deal with Skydance Media. Bakish, who has been privately critical of the company’s talks to merge with Skydance, would be replaced on an interim basis with an “Office of...
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Elon Musk, Mark Zuckerberg excluded from feds’ AI safety board filled with top tech CEOs
The board includes OpenAI CEO Sam Altman, Microsoft CEO Satya Nadella, Google CEO Sundar Pichai and Nvidia CEO Jensen Huang.
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Biden administration reportedly dropping plan to ban menthol cigarettes
Menthol cigarettes account for a third of the industry's overall market share in the US.
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Florida real estate sellers slashing home prices as inventory surges to uncomfortable levels
Real estate inventory in parts of Florida is surging to uncomfortable levels -- and sellers are beginning to slash prices, according to a report.
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Jamie Dimon starts every morning reading five newspapers — guess which he peruses first
Jamie Dimon said he devours five newspapers every morning — and that his first read of the day is The New York Post. After waking up at 4:30 am, “I read five papers — you’ll be happy to hear — in a very specific form,” the JPMorgan Chase CEO told The Wall Street Journal in...
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Warren Buffett’s real estate firm pays $250M to settle antitrust suit over commissions
With the latest settlement, the NAR and brokerages including HomeServices Anywhere Real Estate and Re/Max would pay more than $943 million to resolve antitrust claims.
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JPMorgan CEO Jamie Dimon reveals he has ‘PTSD’ from ‘near death’ heart surgery: ‘I knew it was 50/50’
JPMorgan Chase CEO Jamie Dimon admitted that he has “PTSD” from a “near death” heart surgery, which he revealed was much more serious than the Wall Street titan let on when it took place in 2020. “When I was being wheeled in the operating room for the dissection, I knew it was like 50/50,” 68-year-old...
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Veteran CNN anchor Poppy Harlow to exit network after morning show disaster
Harlow, who has held various CNN reporting and anchor gigs, most recently served as a co-host on "CNN This Morning," the troubled morning show launched in 2022 under former CEO Chris Licht.
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Fed’s preferred inflation gauge rose a brisk 2.8% in March in yet another setback for rate cuts
The Federal Reserve’s preferred measure of inflation showed prices once again rose at an unexpectedly brisk rate in March, marking another setback for rate-cut timing. The core Personal Consumption Expenditures Price Index rose 0.3% in March from the previous month and 2.8% year-over-year, according to the latest Bureau of Economic Analysis data released Friday. The...
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Why coffee prices are poised to surge even further as food inflation rages
A supply crunch of robusta coffee beans in Vietnam — the world’s biggest producer of the bitter bean variety — is poised to send the cost of your already pricey latte even higher. Futures of the robusta coffee bean — which is primarily used in espresso and instant coffee, as well as some ground blends...
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Google’s parent announces first-ever dividend, sending shares soaring: ‘Breath of fresh air’
CEO Sundar Pichai touted Google's AI offerings as a boon to its core search results.
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TikTok owner ByteDance reportedly would rather shut down app than sell it as it faces US ban
TikTok owner ByteDance reportedly would rather shut down the popular video-sharing app than sell it if the Chinese-based company exhausts all legal options to fight a US ban – despite growing interest from American buyers for the platform. The algorithms TikTok relies on for its operations are deemed core to ByteDance’s overall operations, which would...
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How much is ‘tipflation’ costing Americans every year?
Americans spend nearly $500 a year tipping more than they’d like to, according to new research.
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Famed MONY tower that inspired hit song sells for a lot less cash than it fetched a decade ago in troubling sign for NYC market
The fire-sale price reflects the crisis in the investment-sale market for commercial properties, where some office values have tumbled by up to 50%.
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Microsoft revenue surges 17%, driven by AI gains, ChatGPT partnership
Microsoft stock has soared on Microsoft shipping genAI tools based on its strategic partnership with ChatGPT creator OpenAI.
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US economy cools as GDP growth hits lowest level since 2022 , inflation remains sticky to send Dow spiraling
Fresh data released Thursday morning showed that he US economy's growth slowed to 1.6% in the first three months of 2024, sending markets into a tailspin.
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FCC reinstates net neutrality rules — and move is slammed: ‘Power grab, plain and simple’
Net neutrality rules were first imposed during the Obama administration in 2015 but were repealed in 2017 after the Trump administration flipped control of the FCC.
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Cruise ship industry is booming despite spate of high-sea deaths
Many travelers are turning to cruises because they are still cheaper than land-based trips.
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Comcast revenue boosted by streaming growth at Peacock — but shares plunge 5%
Broadband market continues to be a challenge for Comcast, with stiff competition from telecom operators such as T-Mobile and Verizon that are gaining market share.
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Kim Kardashian’s private equity firm SKKY raises fraction of $2B goal
Kim Kardashian's private equity firm SKKY Partners has struggled to land funding -- raising just a fraction of its $2 billion goal, according to a federal securities filings.
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Dow tumbles nearly 700 points as new inflation fears dent hopes of Fed rate cut
Adding to losses, US economic growth slowed more than expected in the first quarter.
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Court orders seizure of $440M JPMorgan funds in lawsuit over US-Russia sanctions
A Russian court ordered the seizure of $439.5 million in funds from JPMorgan Chase’s bank accounts in Russia that the largest American lender froze after the Ukraine invasion, according to a court filing. The court’s ruling Wednesday comes after state-owned VTB Bank filed a lawsuit in a St. Petersburg arbitration court after the Russian bank...
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Southwest Airlines to end service at four airports, fire 2,000 employees
Southwest expects to end this year with 2,000 fewer employees than it had at the start of the year.
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Celebrity-backed nail salon chain Glosslab down to two stores in NYC
“We stopped getting supplies like gloves and files. I had to buy my own gloves one time and eventually there were no more masks and the towel laundry service stopped recently.”
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Red Lobster reportedly looking for a buyer to avoid bankruptcy filing
Red Lobster is seeking to hook a buyer as the struggling seafood chain attempts to avoid bankruptcy, according to a report. The fast-casual chain — known for its cheddar bay biscuits and all-you-can-eat shrimp — mulled a Chapter 11 filing in order to restructure its mounting debt, but has also sought a buyer in recent...
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Billionaires race to buy TikTok after Chinese owners ordered to sell app — with Steve Mnuchin in the lead
These Wall Street and tech titans need more than likes to get control of the app.
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NYC rule will slap sugar warning labels on food, drinks including Starbucks, Dunkin’ specialties
Fast-food chains and coffee shops in New York City will have to slap a warning on menu boards and packaging to remind customers that sweets are terrible for their health.
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Tesla driver using autopilot mode charged with vehicular homicide in death of motorcyclist
A Washington man has been arrested and charged with vehicular homicide after a Tesla in autopilot mode slammed into a motorcyclist, killing him.
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