News Categories
Business
COVID-19
Economy
Legal
Lifestyle
New York City
Politics
Real Estate
Sports
Business News
Paramount’s Warner Bros. acquisition faces lawsuit from states as Hollywood frets over deal: report
A group of states is preparing a lawsuit to block Paramount Skydance’s $110 billion acquisition of Warner Bros., two sources familiar with the matter told Reuters on Friday. While it was not immediately clear which states would sue, California Attorney General...
Lululemon shares tank 8% as investors rattled by profit warning: ‘Brand momentum is fading’
Lululemon Athletica shares fell about 8% on Friday after the athleisure wear maker cut its annual profit forecast, fanning worries over the pace of its turnaround and shifting focus to the challenges awaiting the incoming CEO. The selloff highlights growing...
Microsoft’s Satya Nadella slams company exec for outlining plan to ‘make people addicted’ to Scout AI tool
Microsoft CEO Satya Nadella slammed one of the software giant’s own executives for outlining a plan to “make people addicted” to a new AI tool called “Scout.” The rebuke from Nadella, which was posted on an internal message board, included a link to a report by...
The big acquisitions Jamie Dimon rumored to be eyeing after revealing $20B war chest
JPMorgan Chase CEO Jamie Dimon is on the prowl to further expand the nation’s largest bank – possibly by snapping up a wealth-management firm or a private credit business, bankers tell On The Money. While investors shouldn’t necessarily expect a deal...
More jobs added in May than expected giving Fed another reason to pause cutting interest rates
America’s labor market delivered another surprise in May as employers added far more jobs than expected, giving the Federal Reserve another reason to hold off on cutting interest rates. US employers added 172,000 jobs last month while the unemployment rate held...
Apple to shutter store this month in struggling California mall in latest blow
Apple Inc. is closing its retail store at North County Mall, marking another setback for the struggling San Diego County shopping center. The Escondido location will permanently shut its doors on Saturday, June 20, as part of a broader decision that will see...
Why big tech IPOs — starting with SpaceX next week — could leave smaller retail investors holding the bag
Small investors with money in index funds could be left holding the bag when the AI investment frenzy – slated to kick off next week with the giant SpaceX IPO – eventually comes crashing down. That’s the warning from savvy investors including former Wall Street...
The Lasting Cost of Graduating Into a Tough Job Market
new video loaded: The Lasting Cost of Graduating Into a Tough Job MarketSydney Ember, a Times business reporter, has been speaking with recent college graduates struggling to find work. She explains how starting a career in a weak job market can leave lasting...
Treasury Dept. moves to crack down on illegal immigrant labor, urging banks to report ‘red flags’
The Treasury Department is moving to crack down on illegal immigrant labor, urging banks to blow the whistle on accounts tied to payroll fraud schemes. A Treasury advisory obtained by The Post lays out red flags showing illegal employment schemes — and exhorts...
63°F
