Business | New York Post
Business | New York Post
Jim Simons-founded hedge fund boosted stake in GameStop before 400% surge in meme-stock rally: filing
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.
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Netflix to stream NFL games on Christmas in 3-year deal, placing big bet on live sports
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.
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MIT-educated brothers allegedly stole $25M in crypto in just 12 seconds
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.
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Wall Street banker dead at 35 wanted new job over grueling 100-hour work weeks: report
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.
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McDonald’s confirms $5 value meals to lure back low-income customers after price hikes
A McDonald's spokesperson told The Wall Street Journal that the $5 offering is part of a strategy to offer nationally advertised value deals.
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Elon Musk’s Neuralink suffered brain-chip issues for years before problem with human implant: report
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.
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Uber launches bus shuttle service, expands Costco tie-up to woo price-conscious users
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.
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NY Times reporters slam exec editor Joe Kahn for ‘unwillingness to tolerate dissent’: report
Executive editor Joe Kahn was recently quoted as saying young people are "less accustomed" to "open debate" and a "robust exchange of views."
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GameStop, AMC plunge as ‘Roaring Kitty’-led meme stock rally cools off
The two firms had gained more than $11 billion combined in market value since the start of the week.
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Billionaire Frank McCourt preparing bid for TikTok, aims to make app more transparent
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.
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JPMorgan Chase CEO Jamie Dimon warns of ballooning fiscal deficit: ‘America has spent a lot of money’
In fiscal year 2024 which began last October, the Biden administration has spent $855.1 billion more than it has collected.
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OpenAI chief scientist Ilya Sutskever who helped lead coup against CEO Sam Altman quits
In November, Sutskever joined forces with other board members including Adam D'Angelo, Helen Toner and Tasha McCauley to remove Altman.
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Consumer Price Index rose 3.4% in April, slightly below previous month
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...
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NYPD, FDNY, teachers and NYC worker pension funds have millions sunk in TikTok parent ByteDance
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.
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Ken Griffin rips Biden for ‘incoherent’ policy on China tariffs, says Trump would be a strong president
Ken Griffin, an influential Republican donor, also criticized the Biden administration over its energy policy.
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McDonald’s is getting rid of free drink refills — and more fast-food chains may follow
Empty cups and empty hearts. McDonald’s customers are bidding a bitter farewell to free drink refills, one of the latest casualties from the brand already facing an identity crisis over extreme prices. A recent customer in Pittsburgh told Marketplace.org that their local location began charging patrons for drink re-ups, something once a given for free...
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Google parent Alphabet unveils beefed-up AI chatbot Gemini as competition heats up
The new AI features will help investors evaluate Alphabet's progress as it races against Microsoft, OpenAI and other competitors to dominate the emerging technology.
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Mark Zuckerberg appears to celebrate 40th birthday on $300M ‘Launchpad’ superyacht
Zuckerberg currently ranks as the fourth-richest person in the world with an estimated net worth of $167 billion.
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Jerome Powell urges patience on rate cuts after key inflation index higher than expected
Powell made his comments just hours after the Bureau of Labor Statistics released data showing that wholesale prices rose more than expected in April.
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Iconic NYC bar visited by Teddy Roosevelt, Annie Oakley recruits ex-Waverly Inn chef
Opened in 1873, the Paris Cafe once saw the likes of Teddy Roosevelt, Thomas Edison and Annie Oakley belly up to the hand-carved wooden bar. In later years, Bob Dylan and Lauren Bacall were seen among its loyal patrons.
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Walmart slashing hundreds of corporate jobs, asks remote workers to relocate or quit
Workers at the retail giant's smaller offices in Dallas, Atlanta and Toronto are being asked to move to other central hubs.
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Google-owned Waymo’s robotaxis face federal safety probe over crashes, potential traffic violations
The National Highway Traffic Safety Administration said it has received a total of 22 reports, including 17 crashes, in which self-driving Waymo cars were the “sole vehicle” involved in the incident.
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Comcast launching Netflix, Apple TV+, Peacock bundle called StreamSaver
The tie-up follows a similar one announced last week between Warner Bros. Discovery and Walt Disney - to offer a bundle of the Disney+, Hulu and Max streaming services.
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Vince McMahon accuser Janel Grant texted him ‘asking for rough sex, fantasized about being held down’: lawsuit
Janel Grant allegedly sent the wrestling mogul text messages in which she said she "fantasized about being held down" and "wanted rough sex" from him.
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