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Tue, 27 Aug 2024 02:37:14 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.5 Media exec Edgar Bronfman Jr. pulls out of race to acquire Paramount https://nypost.com/2024/08/26/business/media-exec-bronfman-pulls-out-of-race-to-acquire-paramount/#respond Mon, 26 Aug 2024 21:19:34 -0400 2024-08-26T22:37:14-04:00 https://nypost.com/2024/08/26/business/media-exec-bronfman-pulls-out-of-race-to-acquire-paramount/ Associated Press https://nypost.com/?post_type=article&p=33181360 0 Edgar Bronfman, Jr. Paramount Lowe’s becomes latest company to end DEI policies amid growing backlash https://nypost.com/2024/08/26/business/lowes-becomes-latest-company-to-end-dei-policies/#respond Mon, 26 Aug 2024 18:58:35 -0400 2024-08-26T18:58:47-04:00 https://nypost.com/2024/08/26/business/lowes-becomes-latest-company-to-end-dei-policies/ Reuters https://nypost.com/?post_type=article&p=33180443 0 Lowe's store Temu owner’s shares plummet 30% as fast-fashion competition intensifies https://nypost.com/2024/08/26/business/temu-owners-shares-plummet-30-as-fast-fashion-competition-intensifies/#respond Mon, 26 Aug 2024 17:21:36 -0400 2024-08-26T17:21:48-04:00 https://nypost.com/2024/08/26/business/temu-owners-shares-plummet-30-as-fast-fashion-competition-intensifies/ Taylor Herzlich https://nypost.com/?post_type=article&p=33178644 0 Logo of Temu, an e-commerce platform, displayed on a mobile phone screen in front of its website. Illustration of Shein and Temu app icons on a phone screen, taken on August 22, 2024. Peloton slammed over $95 activation fee for used bikes — on top of monthly fee: ‘egregious money grab’ https://nypost.com/2024/08/26/business/peloton-slammed-over-95-activation-fee-for-used-bikes-egregious-money-grab/#respond Mon, 26 Aug 2024 17:07:32 -0400 2024-08-26T18:14:03-04:00 https://nypost.com/2024/08/26/business/peloton-slammed-over-95-activation-fee-for-used-bikes-egregious-money-grab/ Lisa Fickenscher https://nypost.com/?post_type=article&p=33178105 0 Screenshot of a Reddit thread discussing Peloton's new $95 activation fee for used equipment Woman, Jen Van Santvoord, exercising at home on her Peloton bike during the COVID-19 pandemic Woman, Cari Gundee, exercising at home on her Peloton stationary bike during COVID-19 shelter-in-place orders in San Anselmo, California. Ari Kimmelfeld walking on a brick patio, part of his company Trade My Spin which buys, sells and delivers used Peloton equipment Former P.F. Chang’s CEO to take helm at Red Lobster — as bankrupt chain plans to shut 23 more locations https://nypost.com/2024/08/26/business/ex-p-f-changs-ceo-to-take-helm-at-red-lobster-as-bankrupt-chain-plans-to-close-23-more-locations/#respond Mon, 26 Aug 2024 17:02:27 -0400 2024-08-26T17:02:40-04:00 https://nypost.com/2024/08/26/business/ex-p-f-changs-ceo-to-take-helm-at-red-lobster-as-bankrupt-chain-plans-to-close-23-more-locations/ Taylor Herzlich https://nypost.com/?post_type=article&p=33177884 0 Red Lobster restaurant sign in Paramus, NJ. Exterior view of a Red Lobster restaurant in Times Square, New York City with people crossing the street. Exterior view of Red Lobster restaurant in Surprise, Arizona with a lobster sign on the side. Telegram CEO Pavel Durov’s arrest part of major investigation into app, French officials say https://nypost.com/2024/08/26/world-news/telegram-ceo-pavel-durovs-arrest-part-of-larger-investigation-french-officials-say/#respond Mon, 26 Aug 2024 16:41:40 -0400 2024-08-26T17:00:55-04:00 https://nypost.com/2024/08/26/world-news/telegram-ceo-pavel-durovs-arrest-part-of-larger-investigation-french-officials-say/ Ronny Reyes, Thomas Barrabi https://nypost.com/?post_type=article&p=33177952 0 Telegram founder Pavel Durov was arrested in Paris on Saturday over an investigation into his company. Durov is being held at the Office national anti-fraud building in Ivry-sur-Seine. Telegram has more than 900 million users across the globe as platform that emphasizes user privacy. Kroger-Albertsons $25B merger hurts shoppers, FTC says as trial kicks off https://nypost.com/2024/08/26/business/kroger-albertsons-25b-merger-hurts-shoppers-ftc-says-as-trial-kicks-off/#respond Mon, 26 Aug 2024 15:12:12 -0400 2024-08-26T16:24:52-04:00 https://nypost.com/2024/08/26/business/kroger-albertsons-25b-merger-hurts-shoppers-ftc-says-as-trial-kicks-off/ Reuters https://nypost.com/?post_type=article&p=33177696 0 Kroger grocery shopper A Kroger grocery store sign Albertsons store Apple reveals launch date to unveil new iPhones with AI features https://nypost.com/2024/08/26/business/apple-reveals-launch-date-to-unveil-new-iphones-with-ai-features/#respond Mon, 26 Aug 2024 14:05:15 -0400 2024-08-26T14:21:29-04:00 https://nypost.com/2024/08/26/business/apple-reveals-launch-date-to-unveil-new-iphones-with-ai-features/ Reuters https://nypost.com/?post_type=article&p=33176345 0 Apple CEO Tim Cook speaks during Apple's annual Worldwide Developers Conference in June. iPhone 15 on display Activist hedge fund Elliott doubles down on Southwest Airlines proxy fight https://nypost.com/2024/08/26/business/activist-investor-elliott-doubles-down-on-southwest-proxy-fight/#respond Mon, 26 Aug 2024 13:33:43 -0400 2024-08-26T13:33:56-04:00 https://nypost.com/2024/08/26/business/activist-investor-elliott-doubles-down-on-southwest-proxy-fight/ Taylor Herzlich https://nypost.com/?post_type=article&p=33176433 0 Southwest Airlines plane parked at the gate at Kahului Airport in Maui, Hawaii on August 16, 2023. Southwest Airlines Executive Vice President Bob Jordan being interviewed by CNBC outside the New York Stock Exchange. A Southwest commercial airliner taking off from Las Vegas International Airport. Southwest Airlines CEO Bob Jordan testifying at the U.S. Capitol in suit and tie, 2017. Brown University faces fresh pressure from student activists to divest Israeli firms https://nypost.com/2024/08/26/business/brown-university-faces-fresh-pressure-from-activists-over-israel/#respond Mon, 26 Aug 2024 13:26:26 -0400 2024-08-26T14:37:37-04:00 https://nypost.com/2024/08/26/business/brown-university-faces-fresh-pressure-from-activists-over-israel/ James Franey https://nypost.com/?post_type=article&p=33175912 0 88321975 Brian Moynihan, CEO of Bank of America, in a suit and tie during a television interview in Versailles, France, discussing the state of US consumers and businesses in 2024 Pro-Palestinian students celebrating at Brown University after reaching a deal with the administration Barry Sternlicht, CEO of Starwood Capital Group, speaking at the iConnections Global Alts 2024 event in Miami Beach, Florida Jane Dietze, Brown University's Vice President and Chief Investment Officer, wearing a black shirt Nvidia employees can work 7 days a week until 2 a.m. — but few leave because of AI chip giant’s lavish pay: report https://nypost.com/2024/08/26/business/nvidia-employees-can-work-7-days-a-week-until-2-a-m-but-few-leave-because-of-ai-chip-giants-lavish-pay-report/#respond Mon, 26 Aug 2024 13:17:36 -0400 2024-08-26T13:17:47-04:00 https://nypost.com/2024/08/26/business/nvidia-employees-can-work-7-days-a-week-until-2-a-m-but-few-leave-because-of-ai-chip-giants-lavish-pay-report/ Ariel Zilber https://nypost.com/?post_type=article&p=33176136 0 newspress-collage-jb7p9i0li-1724690406434 Current and former employees at Nvidia described a grueling work environment that entails long hours and shouting matches. Nvidia co-founder and CEO Jensen Huang has steered the company during a period where its stock price has soared by more than 3,700%. Nvidia has become the dominant chip-maker whose products are used to power artificial intelligence products. Billionaire Marc Andreessen’s family plans ‘visionary’ development near controversial ‘California Forever’ project: report https://nypost.com/2024/08/26/business/marc-andreessens-family-plans-visionary-development-near-california-forever-project-report/#respond Mon, 26 Aug 2024 13:09:59 -0400 2024-08-26T13:10:11-04:00 https://nypost.com/2024/08/26/business/marc-andreessens-family-plans-visionary-development-near-california-forever-project-report/ Thomas Barrabi https://nypost.com/?post_type=article&p=33175616 0 Entrepreneur Marc Andreessen speaking onstage at TechCrunch Disrupt SF 2016 in San Francisco, California Street sign near a large parcel of land recently purchased and planned for housing and clean energy community development in Solano County, California A group of people sitting at tables in a courtyard, discussing the controversial proposal of creating a new, walkable, and affordable city in California named California Forever Aerial view of the proposed California Forever city, a controversial billion-dollar project aiming to ease commutes and housing costs Paramount stock edges up as Bronfman reportedly mulls increasing bid again https://nypost.com/2024/08/26/media/paramount-stock-edges-up-as-bronfman-reportedly-mulls-increasing-bid-again/#respond Mon, 26 Aug 2024 13:01:24 -0400 2024-08-26T14:02:49-04:00 https://nypost.com/2024/08/26/media/paramount-stock-edges-up-as-bronfman-reportedly-mulls-increasing-bid-again/ Alexandra Steigrad https://nypost.com/?post_type=article&p=33175280 0 Edgar Bronfman, Jr. participating in a panel discussion at the Milken Institute 2019 Global Conference in Beverly Hills, California Shari Ellin Redstone, President of National Amusements, waving as she arrives at the Allen & Co. Sun Valley Conference in Sun Valley, Idaho, with others in the background David Ellison in a suit attending the U.S. premiere of Transformers: Rise of the Beasts at Kings Theater in New York, June 5, 2023. Large gated entrance to Paramount Studios building Who is Telegram founder Pavel Durov? Billionaire arrested in Paris — years after clashing with Kremlin over free speech https://nypost.com/2024/08/26/business/who-is-telegram-ceo-pavel-durov-and-why-was-he-arrested/#respond Mon, 26 Aug 2024 12:36:39 -0400 2024-08-26T12:45:24-04:00 https://nypost.com/2024/08/26/business/who-is-telegram-ceo-pavel-durov-and-why-was-he-arrested/ Taylor Herzlich https://nypost.com/?post_type=article&p=33174851 0 Telegram's CEO, Pavel Durov, delivering a keynote speech at the Mobile World Congress in Barcelona, Spain in 2016. Close-up of the Telegram logo on a smartphone screen, referencing Pavel Durov's arrest and his relation to VKontakte and Telegram. Telegram co-founder Pavel Durov smiling after a meeting in Jakarta, Indonesia in August 2017. Protester holding a placard reading 'Freedom for Pavel Durov' near the French embassy in Moscow, Russia. Russia seizes more than $100M from Google to fund war propaganda campaign: report https://nypost.com/2024/08/26/business/russia-seizes-100m-from-google-to-fund-war-propaganda-report/#respond Mon, 26 Aug 2024 11:56:16 -0400 2024-08-26T11:56:26-04:00 https://nypost.com/2024/08/26/business/russia-seizes-100m-from-google-to-fund-war-propaganda-report/ Ariel Zilber https://nypost.com/?post_type=article&p=33175365 0 newspress-collage-cwdi22ynu-1724685818727 Russian President Vladimir Putin in a meeting with China's Premier Li Qiang in Moscow Large Google logo at Google's Bay View campus in Mountain View, California. Ukrainian soldiers participating in a casualty simulation training exercise with British armed forces in southern England, August 2024 Dow closes at record high as Fed-fueled rally continues on Wall Street https://nypost.com/2024/08/26/business/dow-hits-record-high-before-falling-back-to-earth/#respond Mon, 26 Aug 2024 11:54:10 -0400 2024-08-26T16:20:14-04:00 https://nypost.com/2024/08/26/business/dow-hits-record-high-before-falling-back-to-earth/ Reuters https://nypost.com/?post_type=article&p=33175399 0 New York Stock Exchange trader Federal Reserve Chair Jerome Powell and Turkish Central Bank Governor at Jackson Hole, Wyo. on Friday. France’s Macron says no political motive behind arrest of Telegram CEO Pavel Durov https://nypost.com/2024/08/26/business/french-president-denies-political-motive-behind-arrest-of-telegram-ceo-pavel-durov/#respond Mon, 26 Aug 2024 11:33:28 -0400 2024-08-26T11:33:39-04:00 https://nypost.com/2024/08/26/business/french-president-denies-political-motive-behind-arrest-of-telegram-ceo-pavel-durov/ Reuters https://nypost.com/?post_type=article&p=33175441 0 Pavel Durov French President Emmanuel Macron Supporter of Durov holds sign. Telegram logo Qantas blames computer glitch for massive discount on first-class tickets https://nypost.com/2024/08/26/business/qantas-blames-computer-glitch-for-massive-discount-on-first-class-tickets/#respond Mon, 26 Aug 2024 10:51:18 -0400 2024-08-26T12:06:05-04:00 https://nypost.com/2024/08/26/business/qantas-blames-computer-glitch-for-massive-discount-on-first-class-tickets/ Ariel Zilber https://nypost.com/?post_type=article&p=33174578 0 newspress-collage-26mgvsd5v-1724679424574 Two Qantas passenger jets crossing each other at Kingsford Smith International airport in Sydney First class airplane seat with a tray of dessert and coffee served on board Cushion on a seat onboard Qantas flight QF7879, the first commercial airline to fly non-stop from New York to Sydney Qantas signage displayed at Sydney Airport terminal reflecting the airline's full-year financial results Trump doubts White House cabinet role for Elon Musk but says Tesla mogul could ‘consult’ https://nypost.com/2024/08/26/business/trump-doubts-cabinet-role-for-elon-musk-but-says-he-could-consult/#respond Mon, 26 Aug 2024 09:35:14 -0400 2024-08-26T12:22:31-04:00 https://nypost.com/2024/08/26/business/trump-doubts-cabinet-role-for-elon-musk-but-says-he-could-consult/ Ariel Zilber https://nypost.com/?post_type=article&p=33174287 0 newspress-collage-3i1fwsxxl-1724677854363 Former President Donald Trump said he doubted that Elon Musk would be in his cabinet should he win a second term. Musk (left) has endorsed Trump despite having voted for both of his opponents in the last two presidential elections. Earlier this month, Trump took part in a chat with Musk on X Spaces. A screenshot of an X post by Elon Musk saying "I fully endorse President Trump." The Fed is finally about to start cutting rates — and here’s why you shouldn’t care https://nypost.com/2024/08/26/business/the-fed-is-finally-about-to-start-cutting-rates-and-heres-why-you-shouldnt-care/#respond Mon, 26 Aug 2024 06:00:00 -0400 2024-08-26T06:06:02-04:00 https://nypost.com/2024/08/26/business/the-fed-is-finally-about-to-start-cutting-rates-and-heres-why-you-shouldnt-care/ Ken Fisher https://nypost.com/?post_type=article&p=33161716 0 Wall Street trader Traders watch Fed Chair Jerome Powell on TV. Powell, left, with Governor of the Bank of Canada Tiff Macklem, center, and Governor of the Bank of England Andrew Bailey at Jackson Hole on Friday. S&P 500 chart Chart showing the fed-funds rate and 10-year Treasury yield