A look at some of the key business events and economic indicators upcoming Next week. OUT OF BALANCE The Commerce Department releases its latest monthly tally of the nation’s trade gap Tuesday. The gap between the value of goods and services the U.S. sells abroad and what it buys narrowed in August to $70.4 billion. … Read more
LONDON — Worries about this week’s tax-raising U.K. budget within financial markets appeared to ease Friday with the interest rates charged on British debt steadying and the pound rising against most other currencies. In the wake of Wednesday’s budget statement, the first by a Labour government for 14 years, British financial assets have been choppy, … Read more
PepsiCo won the dismissal of New York’s lawsuit accusing the beverage and snack-food company of polluting the environment with single-use plastic packaging, as the judge criticized the state’s attorney general, Letitia James, for bringing the case. Justice Emilio Colaiacovo of the state Supreme Court in Buffalo said on Thursday that James failed to show PepsiCo created a public … Read more
Leon Black is working hard to shake the stigma of his business relationship with Jeffrey Epstein — but some top Wall Street execs appear to be still steering clear of the Apollo founder, On The Money has learned. Since his Epstein-related 2021 ouster from his private equity firm, Black has been looking to remake his career as one … Read more
Billionaire tech mogul Marc Benioff is reportedly in talks to sell Time magazine to a Greek media conglomerate. Benioff, who co-founded enterprise software giant Salesforce and who boasts a net worth valued by Bloomberg Billionaires Index at $10.7 billion as of Friday, has engaged Antenna Group about a deal for Time, according to CNBC. Sources … Read more
New York City nightclub Nebula, known for hosting some of the biggest DJs in EDM music, has been sold, The Post has learned. Dream Hospitality Group founder and CEO George Karavias and entrepreneur Michael Vaknin have teamed up to acquire a majority ownership in the Times Square hotspot. The deal, whose terms weren’t disclosed, expands Karavias’ hospitality … Read more
WASHINGTON — WASHINGTON (AP) — Kamala Harris ‘ campaign is actively warning business leaders that Donald Trump has a pattern of disregard for democracy and the rule of law that would threaten U.S. economic growth — a closing argument designed to show the possible consequences for companies and workers if he returns to the White … Read more
The Dow jumped more than 500 points on Friday, recovering some losses from the previous session, as Amazon’s strong earnings countered Apple’s weaker China sales and investors assessed a significant drop in US jobs growth in October. In recent trading, the Dow Jones Industrial Average was up 496 points, or 1.2%, to 42,259. The S&P 500 added 0.9%, … Read more
Wendy’s plans to close 140 U.S. restaurants before the end of this year on top of the 100 it said it would close in May. But in a conference call with investors Thursday, the company said those closures will be offset by new restaurant openings. Wendy’s said it plans to open between 250 and 300 … Read more
Boeing reportedly dismantled its global diversity, equity and inclusion (DEI) department as part of an overhaul of its operations ordered by the company’s new top executive — becoming the latest major company to ditch the controversial initiative. The aerospace giant — which was slammed by tech mogul Elon Musk for prioritizing DEI over safety and … Read more