Business | New York Post
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FDIC chair Martin Gruenberg to resign after sex-harassment, misconduct at agency Earlier in the day a top Democrat had called for the FDIC chair to be replaced after an external review found sweeping reports of employee mistreatment and sexual harassment.nypost.com
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Pedigree dog food recalled because it may contain metal pieces: FDA The governmental agency noted that there have been no reports of injury or illness to any pets thus far.nypost.com
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Why so many wacky food mashups have taken over store shelves, from Sour Patch Kids Oreos to Pepsi Maple Syrup Surprising flavor combinations – like gravy-flavored Jones Soda or Van Leeuwen’s Kraft Macaroni and Cheese ice cream -- are showing up more frequently in grocery stores and restaurant chains.nypost.com
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Microsoft debuts $1K Copilot+ PCs with AI features: ‘Compelling reason to upgrade’ Microsoft launched the laptops as its shares trade near record highs following a Wall Street rally driven by expectations that AI will fuel strong profit growth for the company and its Big Tech rivals.nypost.com
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Supreme Court Justice Samuel Alito sold Bud Light brewer’s stock during Dylan Mulvaney fiasco — and bought Coors Financial disclosure forms released by federal judiciary show that Alito sold between $1,000 and $15,000 of AB InBev stock on Aug. 14 of last year.nypost.com
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JPMorgan Chase CEO Jamie Dimon, 68, hints he’ll retire sooner than expected Dimon told analysts at JPMorgan Chase's annual investor day on Monday that "the timetable [for his retirement] isn't five years anymore."nypost.com
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Convicted insider trader Ivan Boesky, inspiration for Gordon Gekko in ‘Wall Street,’ dead at 87 Boesky was at his peak considered a genius at risk arbitrage, the business of speculating in takeover stocks, and his wealth was estimated at $280 million.nypost.com
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How Nvidia co-founder plans to turn Hudson Valley into a tech powerhouse greater than Silicon Valley Curtis Priem, 64, donated more than $75 million so that RPI could obtain the computer, which was manufactured by IBM, the Wall Street Journal reported. RPI is said to be the first university to receive its own quantum computer.nypost.com
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JPMorgan Chase CEO Jamie Dimon hints he’ll retire sooner than expected JPMorgan Chase CEO Jamie Dimon has hinted that he could step down as head of the nation’s largest lender sooner than was widely anticipated. Dimon, the 68-year-old banking executive, told analysts at JPMorgan Chase’s annual investor day on Monday that “the timetable [for his retirement] isn’t five years anymore.” He did not elaborate. The comment...nypost.com
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Target to slash prices on 5,000 frequently bought items to lure inflation-weary customers Shoppers who flock to Target will end up paying less for products such as milk, meat, bread, soda, fresh fruit and vegetables, according to the firm.nypost.com
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Top Democrat calls for Biden to replace FDIC chairman to fix agency’s ‘toxic culture’ Up until Monday, no Democrats had called for Gruenberg’s replacement, although several came very close to doing so in their own statements.nypost.com
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Yellen says US opposed to global tax on billionaires: ‘That’s something we can’t sign on to’ Those who back the idea say it would close the wealth inequality gap while allowing governments to spend more on social programs with tax revenues.nypost.com
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Google, Meta warned that undersea internet cables at risk for Chinese espionage: report The concerns are reportedly centered on underwater fiber-optic cables in the Pacific Ocean that are partially owned by the Big Tech firms and used to maintain the flow of data from the US to Asia.nypost.com
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Hundreds of nursing homes in Florida forced to close due to surging property insurance rates In the five-year period ending in 2023, an average of 146 nursing homes or assisted-living facilities in Florida have closed each year.nypost.com
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FDA OK’s Elon Musk’s Neuralink to implant brain chip into second patient: report The FDA was apparently satisfied by Neuralink's proposals to fix the errors that were reported in the company's first patient, Noland Arbaugh.nypost.com
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OpenAI to pull ChatGPT voice that sounds like Scarlett Johansson character in film ‘Her’ The maker of the popular AI-powered bot said that it made the decision to pause the use of the Sky voice from the audible version of ChatGPT.nypost.com
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Meta, Google leading nearly $1M lobbying fight to kill NY online child safety bills “This is an astonishing amount of money to be spent to kill two reasonable bills,” said one longtime Albany insider who requested anonymity to discuss the lobbying push.nypost.com
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Lower Fifth Avenue retail scene thriving after several high-profile leases, expansions Manhattan’s retail scene is such a mixed bag as to defy generalization.nypost.com
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Luxury West Midtown rental space The Ellery offers rooftop pool, fitness center as leasing begins The building by Taconic Partners and National Real Estate Advisors has an address of 312 W. 43rd St. but its taller portion is a 32-story tower above West 42nd Street.nypost.com
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Waldorf Astoria operator stays mum on reopening date after prolonged shutdown The prolonged shutdown is an embarrassment to operator Hilton, which has spread the “Waldorf Astoria” brand around the world while the New York original remains dark.nypost.com
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100-hour weeks and heart palpitations: Inside Wall Street’s brutal work culture The tragic deaths of two Bank of America employees has become a flashpoint for anger over allegedly unrealistic work expectations on Wall Street.nypost.com