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Demolition of Macy’s iconic 60-year-old ‘shopping bag’ billboard in NYC’s Herald Square gets delayed
The demolition of the iconic Macy’s billboard at Broadway and West 34th Street has been delayed as the department store and the owner of the billboard haggle over its future, The Post has learned. As The Post exclusively reported, the four-story, red-and-white...
Dow tumbles 500 points as possible rate hike under new Fed chief rattles Wall Street
The US stock market sank Wednesday after nearly half the policymakers at the Federal Reserve indicated they may want to raise interest rates before the end of the year. Higher rates can keep a lid on inflation, but they also slow the economy and hurt prices for...
Struggling JetBlue shuts down key Newark, LaGuardia operations as New York airport costs soar
JetBlue is shutting down key operations at Newark and LaGuardia airports as the struggling carrier shifts resources to booming South Florida in its latest bid to restore profitability. The Queens-based airline told CNBC on Wednesday that it will still fly to...
See how the first Fed statement under Warsh evolved.
The Federal Open Market Committee approved the following statement for release by a 12 – 0 vote:Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained low, on average, and the unemployment rate has been...
Anthropic’s Dario Amodei urges G7 to ‘resist temptation to splinter’ on AI — as workers gripe Trump ‘bullied’ firm
Anthropic boss Dario Amodei urged world leaders to “resist the temptation to splinter” in their approaches to AI regulation – even as his employees reportedly posted internal work chats griping that the White House was unfairly targeting them. The plea came...
Lululemon apologizes for using Japanese drum at Great Wall of China yoga event
Lululemon has issued a public apology for using a Japanese drum during a promotional yoga event staged on China’s Great Wall, which triggered a social media firestorm. The Canadian athleisure company said it failed to show cultural sensitivity for the event,...
Fed holds interest rates steady in Kevin Warsh’s first meeting as chair
The Federal Reserve held interest rates steady at Kevin Warsh’s first meeting as chairman Wednesday in a unanimous vote. Kevin Warsh held interest rates steady in his first meeting as Fed chairman. Kyle Mazza / NUF Photo via CNP / SplashNews.com At the time...
What to watch for at Kevin Warsh’s first Fed meeting as chairman today
Kevin Warsh is widely expected to hold interest rates steady in his first meeting as Fed chairman Wednesday afternoon – and all eyes are on whether the committee will signal a more hawkish stance, with the possibility of rate hikes. When President Trump picked...
SpaceX ‘flippers’ have seller’s remorse after 50% climb, though traders wonder whether hot streak will last
SpaceX “flippers” who sold shares immediately after the company’s massive IPO are kicking themselves after the stock’s meteoric 50% rise – though early options trading shows many are doubtful the frenzy can last. The stock had gained nearly 50% in its first...
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