Business – Latest Financial & Stock Market News | New York Post https://nypost.com Your source for breaking news, news about New York, sports, business, entertainment, opinion, real estate, culture, fashion, and more. Fri, 17 May 2024 06:47:57 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.4 Ex-diversity boss at Facebook, Nike who orchestrated fake events to steal $5M gets five years, must pay back hefty sum https://nypost.com/2024/05/16/us-news/ex-diversity-manager-facebook-nike-sentenced-for-stealing-5m/#respond Thu, 16 May 2024 22:02:39 -0400 2024-05-17T02:47:57-04:00 https://nypost.com/2024/05/16/us-news/ex-diversity-manager-facebook-nike-sentenced-for-stealing-5m/ Katherine Donlevy https://nypost.com/?post_type=article&p=32102400 0 Barbara Furlow-Smiles Barbara Furlow-Smiles Barbara Furlow-Smiles Barbara Furlow-Smiles at an event. OpenAI strikes deal with Reddit to bring content to ChatGPT https://nypost.com/2024/05/16/business/openai-strikes-deal-with-reddit-to-bring-content-to-chatgpt/#respond Thu, 16 May 2024 19:06:44 -0400 2024-05-16T19:06:55-04:00 https://nypost.com/2024/05/16/business/openai-strikes-deal-with-reddit-to-bring-content-to-chatgpt/ Reuters https://nypost.com/?post_type=article&p=32101286 0 OpenAI logo Reddit logo No dice! NYC neighbors oppose Times Square Casino in their backyard over crime traffic fears https://nypost.com/2024/05/16/us-news/nyc-neighbors-oppose-times-square-casino-over-crime-traffic-fears/#respond Thu, 16 May 2024 17:15:44 -0400 2024-05-16T20:19:11-04:00 https://nypost.com/2024/05/16/us-news/nyc-neighbors-oppose-times-square-casino-over-crime-traffic-fears/ Carl Campanile https://nypost.com/?post_type=article&p=32093198 0 According to a new survey, 71% of voters near who live in or near Times Square are against a proposed casino in the neighborhood. The survey found that 80% of respondents believe a casino may attract more crime to the area. ‘GMA3’ host’s tight biker-shorts controversy result of ABC laying off social media ‘nannies,’ staffers say https://nypost.com/2024/05/16/media/abc-staffers-blame-gma3-hosts-biker-shorts-pics-on-layoffs-of-social-media-nannies-at-network/#respond Thu, 16 May 2024 16:29:35 -0400 2024-05-16T16:44:48-04:00 https://nypost.com/2024/05/16/media/abc-staffers-blame-gma3-hosts-biker-shorts-pics-on-layoffs-of-social-media-nannies-at-network/ Alexandra Steigrad https://nypost.com/?post_type=article&p=32092311 0 Sources blamed the kerfuffle surounding DeMarco Morgan's racy photos on a leadership vacuum in the network's talent department. Morgan’s slideshow, which included the above photo, received over 9,500 likes on his Instagram. Execs at ABC News are upset over Morgan’s “revealing” photos, a source said. Morgan (left) and Eva Pilgrim (center) were named co-hosts of “GMA3.” They are seen here with TV personality Mike Muse. Morgan’s fans responded to this photo with a plethora of emojis, including fire and eggplants. NYC hospital-building boom on Upper East Side roils upper-crust residents https://nypost.com/2024/05/16/business/nyc-hospital-building-boom-on-upper-east-side-roils-residents/#respond Thu, 16 May 2024 16:12:44 -0400 2024-05-16T17:42:52-04:00 https://nypost.com/2024/05/16/business/nyc-hospital-building-boom-on-upper-east-side-roils-residents/ Steve Cuozzo https://nypost.com/?post_type=article&p=32074674 0 Rendering of future Northwell Health hospital the Hospital for Special Surgery’s 12-story, Anna-Maria and Stephen Kellen tower spanning the FDR Drive at East 70th Street The 30-story, Extell-developed medical offices and treatments  building leased to HSS at First Avenue and East 79th Street. Iron Horse Labs on East 94th Street. Rendering of future Northwell Health hospital at the corner of Third Avenue and East 77th Street. Wealthier customers flock to Walmart to boost retailer’s sales in strong Q1 earnings https://nypost.com/2024/05/16/business/wealthier-customer-flock-to-walmart-to-boost-retailers-sales-in-strong-q1-earnings/#respond Thu, 16 May 2024 14:12:19 -0400 2024-05-16T14:25:25-04:00 https://nypost.com/2024/05/16/business/wealthier-customer-flock-to-walmart-to-boost-retailers-sales-in-strong-q1-earnings/ Lisa Fickenscher https://nypost.com/?post_type=article&p=32092535 0 Reebok signage and clothing on display at a newly remodeled Walmart store in Teterboro, New Jersey Walmart CEO Doug McMillon delivering a keynote address at CES 2024 in Las Vegas, standing in front of a large screen with his hands raised. Customers shopping in a Walmart Supercenter in Hallandale Beach, Florida with a woman pushing a shopping cart in the foreground A renovated Walmart Supercenter in Victorville with a sign on the front JPMorgan Chase CEO Jamie Dimon warns interest rates could stay high: ‘A lot of inflationary forces in front of us’ https://nypost.com/2024/05/16/business/jpmorgan-chase-ceo-jamie-dimon-warns-interest-rates-could-stay-high/#respond Thu, 16 May 2024 14:05:29 -0400 2024-05-16T14:05:43-04:00 https://nypost.com/2024/05/16/business/jpmorgan-chase-ceo-jamie-dimon-warns-interest-rates-could-stay-high/ Ariel Zilber https://nypost.com/?post_type=article&p=32093083 0 JPMorgan Chase CEO Jamie Dimon thinks the US economy will continue to be weighed down by inflation and high interest rates for the foreseeable future. The Dow Jones Industrial Average crossed the 40,000-point barrier on Thursday morning before retreating. Dimon warned that the price of oil and gas could spike due to geopolitical turmoil. Dimon said he was concerned about international developments such as the ongoing Israel-Hamas war in Gaza. Adidas plans cheaper versions of its iconic Sambas, other popular sneakers https://nypost.com/2024/05/16/business/adidas-plans-cheaper-versions-of-its-iconic-sambas-other-sneakers/#respond Thu, 16 May 2024 13:25:39 -0400 2024-05-16T13:25:55-04:00 https://nypost.com/2024/05/16/business/adidas-plans-cheaper-versions-of-its-iconic-sambas-other-sneakers/ Reuters https://nypost.com/?post_type=article&p=32092902 0 Adidas Samba and Gazelle sneakers NBC ‘Meet the Press’ host Kristen Welker objected to Donald Trump interview for debut episode: report https://nypost.com/2024/05/16/media/nbc-meet-the-press-host-kristen-welker-objected-to-donald-trump-interview/#respond Thu, 16 May 2024 13:23:04 -0400 2024-05-16T13:43:40-04:00 https://nypost.com/2024/05/16/media/nbc-meet-the-press-host-kristen-welker-objected-to-donald-trump-interview/ Ariel Zilber https://nypost.com/?post_type=article&p=32090840 0 newspress-collage-nt0u2fle9-1715876527718 newspress-collage-nt0u2fle9-1715876527718 NBC News "Meet the Press" moderator Kristen Welker (above) was resistant to the idea of interviewing former President Donald Trump for her debut episode last fall, according to a report. Trump (seen above in Manhattan on Thursday) accepted an invite to appear on "Meet the Press" in September. Welker's boss, Cesar Conde, head of NBCUniversal News Group, had to coax her to agree to interview Trump, according to a report. Trump (seen above on "Meet the Press" last September) was grilled about his refusal to accept the results of the 2020 election. Welker took over as moderator of "Meet the Press" last fall, succeeding Chuck Todd. Google’s AI-powered search engine could be ‘catastrophic’ for news publishers, critics warn https://nypost.com/2024/05/16/business/googles-ai-powered-search-engine-could-be-catastrophic-for-publishers/#respond Thu, 16 May 2024 13:21:09 -0400 2024-05-16T19:39:16-04:00 https://nypost.com/2024/05/16/business/googles-ai-powered-search-engine-could-be-catastrophic-for-publishers/ Thomas Barrabi https://nypost.com/?post_type=article&p=32092885 0 Google Google Fox, Disney, Warner Bros. Discovery sports-streaming venture to be called Venu Sports https://nypost.com/2024/05/16/media/fox-disney-warner-bros-discovery-sports-streaming-venture-to-be-called-venu-sports/#respond Thu, 16 May 2024 12:56:02 -0400 2024-05-16T12:56:16-04:00 https://nypost.com/2024/05/16/media/fox-disney-warner-bros-discovery-sports-streaming-venture-to-be-called-venu-sports/ Reuters https://nypost.com/?post_type=article&p=32091326 0 Venu Sports logo Pete Distad Comcast told MSNBC hosts to curb rampant Israel criticism during Oct. 7 Hamas attacks: report https://nypost.com/2024/05/16/media/comcast-told-msnbc-to-stop-criticizing-israel-during-oct-7-hamas-attacks/#respond Thu, 16 May 2024 12:44:32 -0400 2024-05-16T13:21:17-04:00 https://nypost.com/2024/05/16/media/comcast-told-msnbc-to-stop-criticizing-israel-during-oct-7-hamas-attacks/ Ariel Zilber https://nypost.com/?post_type=article&p=32087446 0 newspress-collage-aqk145h1y-1715864181958 newspress-collage-aqk145h1y-1715864181958 A Hamas gunman takes an Israeli man hostage during the Oct. 7 terrorist attack which left nearly 1,200 people died. Michael Cavanagh, president of Comcast, told his subordinates to instruct MSNBC hosts to stick to facts, according to a report. MSNBC, the second-most watched cable channel in the US, featured left-leaning commentary that is largely sympathetic to the Democratic Party. Cesar Conde, chairman of NBCUniversal News, reportedly shared Cavanagh's concerns about anti-Israel commentary on Oct. 7. GameStop, AMC shares slide for 2nd straight day as meme-stock rally fizzles https://nypost.com/2024/05/16/business/gamestop-amc-shares-slide-for-2nd-straight-day-as-meme-stock-rally-fizzles/#respond Thu, 16 May 2024 12:11:15 -0400 2024-05-16T16:24:10-04:00 https://nypost.com/2024/05/16/business/gamestop-amc-shares-slide-for-2nd-straight-day-as-meme-stock-rally-fizzles/ Reuters https://nypost.com/?post_type=article&p=32090545 0 Keith Gill GameStop store AMC theater Instagram parent Meta hit with online child safety probe in Europe https://nypost.com/2024/05/16/business/instagram-parent-meta-hit-with-online-child-safety-probe-in-europe/#respond Thu, 16 May 2024 12:00:57 -0400 2024-05-16T12:01:12-04:00 https://nypost.com/2024/05/16/business/instagram-parent-meta-hit-with-online-child-safety-probe-in-europe/ Thomas Barrabi https://nypost.com/?post_type=article&p=32089633 0 Meta apps Kids using social media Meta Jobless claims fall by 10K after hitting nine-month high last week https://nypost.com/2024/05/16/business/jobless-claims-fall-by-10k-after-hitting-nine-month-high-last-week/#respond Thu, 16 May 2024 11:54:22 -0400 2024-05-16T11:54:37-04:00 https://nypost.com/2024/05/16/business/jobless-claims-fall-by-10k-after-hitting-nine-month-high-last-week/ Associated Press https://nypost.com/?post_type=article&p=32090999 0 Hiring sign Under Armour to cut jobs, warns of surprise drop in sales this year as company looks to ‘meaningfully reset’ https://nypost.com/2024/05/16/business/under-armour-cutting-jobs-warns-of-surprise-drop-in-sales-this-year/#respond Thu, 16 May 2024 11:52:30 -0400 2024-05-16T13:19:48-04:00 https://nypost.com/2024/05/16/business/under-armour-cutting-jobs-warns-of-surprise-drop-in-sales-this-year/ Reuters https://nypost.com/?post_type=article&p=32090138 0 Under Armour store CEO Kevin Plank Under Armour clothes Dow breaks 40,000 for first time ever as optimism for Fed rate cut grows https://nypost.com/2024/05/16/business/dow-breaks-40000-for-first-time-ever-as-optimism-for-fed-rate-cut-grows/#respond Thu, 16 May 2024 11:36:33 -0400 2024-05-16T12:04:07-04:00 https://nypost.com/2024/05/16/business/dow-breaks-40000-for-first-time-ever-as-optimism-for-fed-rate-cut-grows/ Ariel Zilber https://nypost.com/?post_type=article&p=32090040 0 newspress-collage-rtlz7z5gu-1715872145693 newspress-collage-rtlz7z5gu-1715872145693 The Dow Jones Industrial Average broke the 40,000-point barrier for the first time in its history on Thursday. Traders on the floor of the New York Stock Exchange (seen above on Wednesday) have had plenty of reasons to smile lately. Megyn Kelly slams Prince Harry, Meghan Markle over charity’s $200 ‘lost check’ claim https://nypost.com/2024/05/16/media/megyn-kelly-slams-prince-harry-meghan-markles-lost-check-claim/#respond Thu, 16 May 2024 11:12:18 -0400 2024-05-16T12:17:20-04:00 https://nypost.com/2024/05/16/media/megyn-kelly-slams-prince-harry-meghan-markles-lost-check-claim/ Ariel Zilber https://nypost.com/?post_type=article&p=32088658 0 newspress-collage-rpae676wl-1715870268804 newspress-collage-rpae676wl-1715870268804 Prince Harry and Meghan Markle's charity was briefly declared "delinquent" by California regulators earlier this month. SiriusXM host Megyn Kelly was convinced by the explanation offered up by sources close to the charity that a check lost in the mail was to blame. The Duke and Duchess of Sussex (seen above in Nigeria earlier this week) founded their nonprofit in 2020. Gov. Gavin Newsom (D-Calif.) defended the couple, saying that their charity was "in compliance" with state law. Warren Buffett reveals secret $6.7B stake in insurer Chubb after slicing Apple https://nypost.com/2024/05/15/business/warren-buffett-reveals-secret-6-7b-stake-in-insurer-chubb-after-slicing-apple/#respond Wed, 15 May 2024 19:44:08 -0400 2024-05-15T19:44:23-04:00 https://nypost.com/2024/05/15/business/warren-buffett-reveals-secret-6-7b-stake-in-insurer-chubb-after-slicing-apple/ Reuters https://nypost.com/?post_type=article&p=32081309 0 Warren Buffett Chubb sign T-shirt with Warren Buffett's portrait Jim Simons-founded hedge fund boosted stake in GameStop before 400% surge in meme-stock rally: filing https://nypost.com/2024/05/15/business/top-hedge-fund-boosted-gamestop-amc-stakes-before-roaring-kitty-meme-stock-rally-filing/#respond Wed, 15 May 2024 17:32:22 -0400 2024-05-15T17:38:49-04:00 https://nypost.com/2024/05/15/business/top-hedge-fund-boosted-gamestop-amc-stakes-before-roaring-kitty-meme-stock-rally-filing/ Thomas Barrabi https://nypost.com/?post_type=article&p=32081677 0 GameStop and AMC Jim Simons