Business | New York Post
Business | New York Post
Over 242,000 Ford Maverick trucks recalled due to risk of tail light failure
Ford recently launched a recall of over 242,600 Maverick trucks, citing an issue that may lead to their tail lights not lighting up.
nypost.com
Chili’s and Applebee’s woo inflation-weary diners as fast food prices continue to climb
In the Big Apple, where a Big Mac meal can now cost $14 or more with tax, the new $10.99 "3 For Me" combo deal at Chili's is starting to look pretty good.
nypost.com
Airbnb offering exotic experiences from a Paris museum to the house in ‘Up’ — some for free
Airbnb wants to portray itself as a company that sells experiences and not just alternatives to staying in a hotel.
nypost.com
Google lays off 200 workers, shifts jobs to Mexico and India in latest restructuring
Google fired around 200 employees and relocated some of the jobs overseas -- the latest sign of a long-running effort by the company to cut costs and restructure itself.
nypost.com
Dow surges nearly 500 points after Fed hints next move is rate cut
The Fed concluded its two-day monetary policy meeting by letting the Fed funds target rate stand at 5.25%-5.50%.
nypost.com
UnitedHealth CEO defends insurer after major hack, reveals amount of ransom paid as senators question firm’s size
"Your company let the country down," Senate Finance Committee Chairman Ron Wyden told Witty.
nypost.com
BlackRock looks to make monthly paychecks part of 401(k) employee retirement plans
BlackRock is reportedly looking to shakeup employers' default retirement strategies by turning a portion of retirement savings into fixed lifetime payments through target-date funds embedded with annuities.
nypost.com
Federal Reserve holds interest rates steady amid high inflation
Traders have sharply downgraded their expectations since 2024 began, when they had expected up to six rate cuts.
nypost.com
Feds probing financial transactions at Jack Dorsey’s Square, Cash App: report
Areas under investigation include whether the company failed to gather sufficient information on customers to assess risks, and if processed transactions involved countries subject to economic sanctions.
nypost.com
Roger Ver, crypto investor dubbed ‘Bitcoin Jesus,’ cheated US out of $48M in taxes: feds
Roger Ver was arrested in Spain over the weekend, according to the Justice Department. The US will seek his extradition.
nypost.com
Job openings drop to 3-year low of 8.5M as fewer workers quit
Monthly job openings are down sharply from a peak of 12.2 million in March 2022 but remain at a high level.
nypost.com
Baby Boomers swindled out $3.4B after falling victim to phone scammers in 2023: FBI
Baby Boomers were scammed out of more than $3.4 billion in 2023 by fraudsters who phone the aging victims with bogus offers of tech support or to wire money to fake accounts — leaving some “destitute,” federal officials said. Losses from scams reported by Americans over the age of 60 surged 11% last year from...
nypost.com
Court rules that Perrier is soda, not French mineral water — and therefore taxable
Perrier, which has been marketed as French mineral water for more than a century, is actually soda — and can therefore be taxed, a Pennsylvania court ruled. Perrier’s classification has been under fire since 2019, when thirsty patron Jennifer Montgomery was taxed 24 cents on a 16-ounce Perrier bottle at a Sheetz convenience store in...
nypost.com
Twitter co-founder Jack Dorsey backs anti-Israel protesters at Columbia University
The Twitter co-founder posted and shared several messages on X that were critical of law enforcement's response to the protesters.
nypost.com
Starbucks shares plunge 15% as chain warns on 2024 profits, cites ‘higher inflation’ as ‘risk factor’
Starbucks shares plunged 15% in early trading Wednesday after the Seattle-based java giant reported weaker-than-expected quarterly earnings and warned that its cafes will continue to underperform in 2024. For the three-month period ended March 31, Starbucks said that same-store sales in the US decreased 3% as foot traffic toppled a disappointing 7%, marking the second...
nypost.com
Home Depot’s viral Halloween skeleton quickly sells out before summer as social media users sound off
Home Depot has restocked its viral 12-foot tall skeleton and other Halloween decorations, but a limited amount are available and many items are already sold out.
nypost.com
FCC fines four wireless carriers millions for sharing customer data
The FCC claimed "aggregators" that received customer location data from the carriers turned around and charged third-party location-based service providers for access at a price.
nypost.com
Elon Musk’s move to disband Tesla EV charging team blindsides car industry: ‘Sharp kick in the pants’
Musk's decision, as reported by The Information, to dismiss the head of the business, Rebecca Tinucci, and most or all of the staff that operated and maintained the system left officials at automakers and Tesla suppliers uncertain about the future.
nypost.com
New restaurants ready to make some noise in Hamptons — as locals try to silence Zero Bond
At The Maidstone, an Italian-focused eatery from LDV Hospitality will serve up favorites like spaghetti with tomato and basil, along with American summer classics like lobster rolls
nypost.com
Amazon posts 13% jump in sales, sending shares higher — but fails to deliver dividend
Amazon shares rose as much as 6% in after-hours trading, after closing down 3.3% in the regular session.
nypost.com
Ex-Google workers ousted over anti-Israel office protests claim they were illegally fired
The workers are “seeking reinstatement of their jobs, back pay, and affirmation from Google leadership that it will not retaliate against its workers for lawful collective protest."
nypost.com
Ex-Binance CEO Changpeng Zhao sentenced to 4 months prison for crypto crimes
Prosecutors requested that the 47-year-old serve a three-year term.
nypost.com
Sex workers outraged as ‘AI girlfriend’ ads flood Instagram and Facebook: ‘Would be deleted in an instant’
The online chatbots in the ads provide users with AI-generated imagery of realistic, partially clothed and stereotypically pornographic women, including one promising to “get you off in one minute,” Wired reported.
nypost.com
Dow tumbles over 400 points as investors on edge ahead of Fed rate decision
US labor costs increased in the first quarter amid a rise in wages and benefits, confirming the surge in inflation early in the year that will likely delay a much-anticipated interest rate cut later in 2024.
nypost.com
Home prices surge to another record high in February, defying expectations
Home prices in San Diego, Los Angeles, Washington, DC, and New York all hit an all-time high in February.
nypost.com
Employee pay has risen more than expected this year — another sign of lasting inflation
US employee pay jumped more than expected in the first three months of this year — yet another sign that inflation could stay higher for longer. The employment cost index (ECI), which measures worker compensation and benefits, gained 1.2% in the first quarter — surpassing the Dow Jones consensus estimate for a 1% advance, CNBC...
nypost.com
Jeff Zucker’s RedBird dumping Telegraph newspaper after UK probe: ‘No longer feasible’
The acquisition, which already faced a lengthy regulatory inquiry, was dealt a blow last month when Britain said it would stop foreign governments owning newspapers.
nypost.com
NBC plans $2.5B offer in bid to nab NBA rights from TNT: report
If accepted, the broadcast rights to the basketball games could change hands from TNT, which has paid an average fee of $1.2 billion under its current deal, to the Peacock network, The Wall Street Journal reported.
nypost.com
Esther Crawford, ex-Elon Musk loyalist who slept on X office floor, hired by Mark Zuckerberg
Esther Crawford praised her new boss, Meta CEO Mark Zuckerberg, for his "vision and intensity."
nypost.com
Dave & Buster’s planning to let customers place wagers on arcade games using an app
Restaurant and arcade chain Dave & Buster’s will soon allow its customers to make wagers on its popular games. Patrons will soon be able to place a $5 wager via Dave & Buster’s mobile app on the chain’s Hot Shots basketball game and Skee-Ball competition, among other arcade games. The betting function is expected to...
nypost.com