A depiction of Nexus satellites in a medium Earth orbit constellation. Astranis The U.S. Air Force began deploying the Global Positioning System — more commonly known as GPS — nearly 50 years ago, satellites which have become critical infrastructure for both the military and the economy. Since then, GPS is estimated to have generated more … Read more
The massive run up in shares of DJT, the stock symbol for Donald J. Trump’s social media company Truth Social, has been described by me and others as a meme-induced phenomenon. The stock is buoyed by what some might say is an irrational degree of exuberance that Trump will win the presidential election – which … Read more
OpenAI is taking on Google, the most dominant search engine, with its own SearchGPT. The startup on Thursday unveiled its artificial intelligence-powered search engine, which offers users real-time sports scores, stock quotes, news, weather and more, the company said. OpenAI has partnered with a number of news organizations so its search engine will be able … Read more
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