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. Sun, 01 Sep 2024 22:43:15 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.5 Intel CEO to pitch board on plans to shed assets, cut costs, source says https://nypost.com/2024/09/01/tech/intel-ceo-to-pitch-board-on-plans-to-shed-assets-cut-costs-source-says/#respond Sun, 01 Sep 2024 18:07:39 -0400 2024-09-01T18:07:48-04:00 https://nypost.com/2024/09/01/tech/intel-ceo-to-pitch-board-on-plans-to-shed-assets-cut-costs-source-says/ Reuters https://nypost.com/?post_type=article&p=33226159 0 Intel CEO Pat Gelsinger and other executives are reportedly planning for shedding unnecessary businesses and revamping capital spending. Gelsinger's plan is set to be presented at a mid-September Intel board meeting. Intel cut 15% of its staff in August. Goya CEO slams Biden-Harris admin as ‘complicit’ in child and drug trafficking at border https://nypost.com/2024/09/01/us-news/goya-ceo-slams-biden-harris-admin-as-complicit-in-child-and-drug-trafficking-at-border/#respond Sun, 01 Sep 2024 14:59:19 -0400 2024-09-01T14:59:30-04:00 https://nypost.com/2024/09/01/us-news/goya-ceo-slams-biden-harris-admin-as-complicit-in-child-and-drug-trafficking-at-border/ Carl Campanile https://nypost.com/?post_type=article&p=33224253 0 Goya Foods President Robert Unanue and Venezuelan Ambassador Carlos Vecchio discussing food aid shipment at a press conference in Doral, Florida. U.S. President Donald Trump listening to Robert Unanue, CEO of Goya Foods, before signing an Executive Order at the White House President Joe Biden and Vice President Kamala Harris holding hands at the Democratic National Convention in Chicago, August 19, 2024. Bargain buzz: NY pot farm moves 100,000 economical ‘dime bags’ under legalization https://nypost.com/2024/09/01/us-news/bargain-buzz-ny-pot-farm-moves-100000-economical-dime-bags-under-legalization/#respond Sun, 01 Sep 2024 14:00:56 -0400 2024-09-01T15:34:43-04:00 https://nypost.com/2024/09/01/us-news/bargain-buzz-ny-pot-farm-moves-100000-economical-dime-bags-under-legalization/ Carl Campanile https://nypost.com/?post_type=article&p=33224439 0 Melany and Freya Dobson standing in front of a crop of cannabis plants. A person in latex gloved hands holds a stack of rubber banded dime bags. Latex gloved hands roll pre-rolled joints on a stainless steel table. Cannabis farmers surrounded by weed plants admiring their crop Outrage spreads after Elon Musk’s X platform is suspended in Brazil: ‘Crushing the people’ https://nypost.com/2024/09/01/business/outrage-spreads-after-elon-musks-x-platform-is-suspended-in-brazil/#respond Sun, 01 Sep 2024 13:23:55 -0400 2024-09-01T15:39:34-04:00 https://nypost.com/2024/09/01/business/outrage-spreads-after-elon-musks-x-platform-is-suspended-in-brazil/ Fox Business https://nypost.com/?post_type=article&p=33224744 0 X-BRAZIL/ Blocked screen of Elon Musk's X account on a mobile phone in Sao Paulo, Brazil due to telecommunications regulator's ban Elon Musk sitting with his legs crossed while attending a conference at the 71st Cannes LIONS International Festival of Creativity, 2024 Supreme Court Judge Alexandre de Moraes speaking during a session in Brasilia, analysing charges against alleged partners in the murder of Marielle Franco. Thousands of hotel workers strike across US cities over failed contract talks https://nypost.com/2024/09/01/business/thousands-of-hotel-workers-strike-across-us-cities-over-failed-contract-talks/#respond Sun, 01 Sep 2024 12:03:35 -0400 2024-09-01T12:03:46-04:00 https://nypost.com/2024/09/01/business/thousands-of-hotel-workers-strike-across-us-cities-over-failed-contract-talks/ Reuters https://nypost.com/?post_type=article&p=33224758 0 Hotel workers holding signs as they march and protest for their rights in Los Angeles, while a bus driver waits to cross the road, captured on October 25, 2023. Media-shy Kamala Harris will likely find an excuse to skip Al Smith Dinner – and avoid run-in with Trump https://nypost.com/2024/08/31/business/media-shy-kamala-harris-will-likely-find-an-excuse-to-skip-al-smith-dinner-and-avoid-run-in-with-trump/#respond Sat, 31 Aug 2024 20:50:03 -0400 2024-09-01T18:43:15-04:00 https://nypost.com/2024/08/31/business/media-shy-kamala-harris-will-likely-find-an-excuse-to-skip-al-smith-dinner-and-avoid-run-in-with-trump/ Charles Gasparino https://nypost.com/?post_type=article&p=33223228 0 Donald Trump And Hillary Clinton Attend Alfred E. Smith Memorial Foundation Dinner Democratic presidential nominee and U.S. Vice President Kamala Harris reacts as she holds a campaign rally in Savannah, Georgia, U.S., August 29, 2024. Donald Trump walks onto the stage while attending the annual Alfred E. Smith Memorial Foundation Dinner at the Waldorf Astoria on October 20, 2016 in New York City. Soaring sausage sales could indicate economic turmoil as consumers turn away from costlier meats, expert reveals https://nypost.com/2024/08/31/business/soaring-sausage-sales-could-indicate-economic-turmoil-as-consumers-turn-away-from-costlier-meats-expert-reveals/#respond Sat, 31 Aug 2024 09:48:11 -0400 2024-08-31T09:48:14-04:00 https://nypost.com/2024/08/31/business/soaring-sausage-sales-could-indicate-economic-turmoil-as-consumers-turn-away-from-costlier-meats-expert-reveals/ Fox News https://nypost.com/?post_type=article&p=33220584 0 Palmer, Alaska. Meat counter showing a variety of sausage at a Fred Meyer grocery store, a sub of Kroger. The retail chain sells groceries, apparel, furniture, toys, electronics, and housewares. Andres Gonzalez placing pork sausages into a display case at Baron's Quality Meats in Castro Valley, California. How anti-Israel protests are costing companies billions of dollars https://nypost.com/2024/08/31/business/how-anti-israel-protests-are-costing-companies-billions/#respond Sat, 31 Aug 2024 08:00:00 -0400 2024-08-31T08:49:37-04:00 https://nypost.com/2024/08/31/business/how-anti-israel-protests-are-costing-companies-billions/ Jonathan Harounoff https://nypost.com/?post_type=article&p=33185665 0 Starbucks Sydney-based food blogger Walla Abu-Eid Laxman Narasimhan Brian Niccol KFC McDonald's statement Spiro Spathis Abercrombie & Fitch Former Gov. Andrew Cuomo committed New York State to avoiding business with companies that boycotted Israel. Goldman Sachs set to fire more than 1,300 employees, WSJ reports https://nypost.com/2024/08/30/business/goldman-sachs-set-to-fire-more-than-1300-employees-report/#respond Fri, 30 Aug 2024 16:55:33 -0400 2024-08-30T18:34:05-04:00 https://nypost.com/2024/08/30/business/goldman-sachs-set-to-fire-more-than-1300-employees-report/ James Franey https://nypost.com/?post_type=article&p=33216092 0 2024-new-york-city-stocks-86802163_82cc1f The cuts are part of the bank's annual performance reviews that cull those believed to have performed poorly. Goldman CEO David Solomon has been critical of the post-COVID working-from-home culture, calling it an "aberration." Dow hits record close again as inflation data raises hopes of Fed rate cut https://nypost.com/2024/08/30/business/dow-hits-record-close-again-as-inflation-data-raises-hopes-of-fed-rate-cut/#respond Fri, 30 Aug 2024 16:33:03 -0400 2024-08-30T17:57:06-04:00 https://nypost.com/2024/08/30/business/dow-hits-record-close-again-as-inflation-data-raises-hopes-of-fed-rate-cut/ Reuters https://nypost.com/?post_type=article&p=33216341 0 The Dow Jones Industrial Average hit an all time high of 41,585.21 before closing at 41,563.08. Fed health inspectors slammed over ‘listeria factory’ tied to deadly Boar’s Head outbreak https://nypost.com/2024/08/30/business/feds-slammed-over-listeria-factory-linked-to-deadly-boars-head-oubreak/#respond Fri, 30 Aug 2024 16:21:27 -0400 2024-08-30T16:22:25-04:00 https://nypost.com/2024/08/30/business/feds-slammed-over-listeria-factory-linked-to-deadly-boars-head-oubreak/ Lisa Fickenscher, Allie Griffin https://nypost.com/?post_type=article&p=33211126 0 Aerial view of the Boar's Head meat processing plant in Jarratt, Virginia, linked to a listeria outbreak, on August 29, 2024 Empty supermarket shelves where Boar's Head meats are usually displayed, following a major recall due to Listeria outbreak. Deli meat display featuring Boar's Head products such as salami, turkey, and ham in a QFC grocery store, Kirkland, WA, USA. Family photograph of Gunter 'Garshon' Morgenstein, who passed away from a brain infection caused by listeria after eating contaminated liverwurst. A meat display of Boar's Head product in a supermarket deli section. Judge suspends Elon Musk’s X in Brazil after it refuses to name a legal representative https://nypost.com/2024/08/30/business/justice-alexandre-de-moraes-suspends-elon-musks-x-platform-in-brazil/#respond Fri, 30 Aug 2024 16:18:41 -0400 2024-08-30T21:02:55-04:00 https://nypost.com/2024/08/30/business/justice-alexandre-de-moraes-suspends-elon-musks-x-platform-in-brazil/ Associated Press https://nypost.com/?post_type=article&p=33216424 0 Mobile screen displaying the X social media account of Brazil's Supreme Court Justice Alexandre de Moraes Amazon will reportedly use Anthropic’s AI for premium Alexa instead of its own https://nypost.com/2024/08/30/business/amazon-will-use-anthropics-ai-for-premium-alexa-report/#respond Fri, 30 Aug 2024 16:06:38 -0400 2024-08-30T17:41:07-04:00 https://nypost.com/2024/08/30/business/amazon-will-use-anthropics-ai-for-premium-alexa-report/ Taylor Herzlich https://nypost.com/?post_type=article&p=33213393 0 Amazon's DOT Alexa device, a round black device with a blue strip. Amazon Echo smart speaker and prompts for using Alexa personal assistant in Amazon experience center in Vallejo, California. Close-up of Anthropic website content displayed on a computer screen and mobile phone, highlighting Google's partnership with the artificial intelligence startup. Amazon Echo device on a counter. Mobile phone displaying Anthropic logo in foreground with Amazon logo visible on computer screen in background. Two women charged in $5K Lululemon organized theft scheme https://nypost.com/2024/08/30/business/minnesota-women-charged-in-5k-lululemon-shoplifting-scheme/#respond Fri, 30 Aug 2024 15:41:48 -0400 2024-08-30T17:29:42-04:00 https://nypost.com/2024/08/30/business/minnesota-women-charged-in-5k-lululemon-shoplifting-scheme/ Taylor Herzlich https://nypost.com/?post_type=article&p=33214782 0 lululemon (1) Lululemon logo displayed on the wall inside a Lululemon outlet retail store. Lululemon logo displayed on a price tag at an outlet retail store in Bicester Village, Oxfordshire, Britain. Woman in an orange shirt, Kathy Nguyen, accused of organized retail theft from Lululemon My Hoang Thi Van mugshot Lululemon leggings displayed on mannequins inside an outlet retail store at Bicester Village in Oxfordshire, Britain. Dunkin’ rolls out $6 breakfast value meal as desperate, fast food price war heats up https://nypost.com/2024/08/30/business/dunkin-rolls-out-6-breakfast-meal-as-fast-food-price-war-heats-up/#respond Fri, 30 Aug 2024 15:37:25 -0400 2024-08-30T15:37:36-04:00 https://nypost.com/2024/08/30/business/dunkin-rolls-out-6-breakfast-meal-as-fast-food-price-war-heats-up/ Ariel Zilber https://nypost.com/?post_type=article&p=33214210 0 dunkin-bringing-unbeatable-value-new-88585770 Dunkin' will offer customers a $6 meal deal for breakfast this fall. Customers who pay $6 will have a bacon, egg and cheese sandwich alongside coffee and hash browns. Dunkin' has rebranded itself in recent years as coffee culture in the US has expanded. Dunkin', a subsidiary of Inspire Brands, operates more than 13,700 locations globally. Wendy’s to reportedly release a ‘SpongeBob SquarePants’ Krabby Patty meal https://nypost.com/2024/08/30/lifestyle/wendys-to-reportedly-release-a-spongebob-krabby-patty-meal/#respond Fri, 30 Aug 2024 14:57:45 -0400 2024-08-30T21:31:20-04:00 https://nypost.com/2024/08/30/lifestyle/wendys-to-reportedly-release-a-spongebob-krabby-patty-meal/ Christopher Scarglato https://nypost.com/?post_type=article&p=33215317 0 A SpongeBob-related meal will reportedly be released by Wendy's. Wendy's Subway soda war forces owners to choose Pepsi over Coke — or risk losing franchises: sources https://nypost.com/2024/08/30/business/subway-soda-war-forces-owners-to-choose-pepsi-over-coke-or-risk-losing-franchises/#respond Fri, 30 Aug 2024 13:31:58 -0400 2024-08-30T17:40:06-04:00 https://nypost.com/2024/08/30/business/subway-soda-war-forces-owners-to-choose-pepsi-over-coke-or-risk-losing-franchises/ Josh Kosman https://nypost.com/?post_type=article&p=33195565 0 101123pepsi6CS Subway CEO John Chidsey standing in a blue suit in front of a Subway sign. Soda fountain machine. North American Association of Subway Franchisees Chair Bill Mathis sitting and talking wearing a casual sweater. A Subway slicer at work. Subway footlongs on a counter. Disney CEO Bob Iger says he’s ‘obsessed’ with finding his replacement https://nypost.com/2024/08/30/media/disney-ceo-bob-iger-obsessed-with-finding-his-replacement/#respond Fri, 30 Aug 2024 13:18:04 -0400 2024-08-30T13:20:59-04:00 https://nypost.com/2024/08/30/media/disney-ceo-bob-iger-obsessed-with-finding-his-replacement/ Alexandra Steigrad https://nypost.com/?post_type=article&p=33212874 0 Bob Iger James Gorman Bob Chapek Walt Disney Studios Dana Walden Amazon hopes selling through Instagram, Facebook, TikTok will spur sluggish growth https://nypost.com/2024/08/30/business/amazon-hopes-selling-through-instagram-facebook-tiktok-will-spur-growth/#respond Fri, 30 Aug 2024 13:12:51 -0400 2024-08-30T13:13:03-04:00 https://nypost.com/2024/08/30/business/amazon-hopes-selling-through-instagram-facebook-tiktok-will-spur-growth/ Ariel Zilber https://nypost.com/?post_type=article&p=33213241 0 newspress-collage-zjenfgb5s-1725032803897 Amazon CEO Andy Jassy met personally with the heads of large social media companies to discuss an e-commerce partnership. Meta CEO Mark Zuckerberg met with Jassy to discuss allowing shoppers to buy Amazon products through Instagram and Facebook. Evan Spiegel, CEO of Snapchat parent company Snap, also met with Jassy, according to a report. TikTok CEO Shou Zi Chew met with Jassy as well, according to The Information. Elon Musk’s X braces for Brazil shutdown amid feud over free speech https://nypost.com/2024/08/30/business/elon-musks-x-braces-for-brazil-shutdown-as-authorities-call-for-accountability/#respond Fri, 30 Aug 2024 12:37:13 -0400 2024-08-30T14:26:20-04:00 https://nypost.com/2024/08/30/business/elon-musks-x-braces-for-brazil-shutdown-as-authorities-call-for-accountability/ Reuters https://nypost.com/?post_type=article&p=33213242 0 President Luiz Inacio Lula da Silva Brazilian Supreme Court Chief Justice Alexandre de Moraes Elon Musk Starlink logo, Brazil flag