Wall Street cheered Nike’s move to oust CEO John Donahoe this week as the sneaker giant’s stock, which had been lagging over the past year amid slumping sales, saw a spike of more than 8%. The stock surge comes as Elliott Hill, a longtime Nike executive who left the popular sportswear brand in 2020 only … Read more
General Motors is recalling more than 449,000 of its SUVs and pickup trucks because the electronic brake control module software may fail to display a warning light when a loss of brake fluid takes place. The National Highway Traffic Safety Administration said Friday that the recall includes certain 2023-2024 Cadillac Escalade and Escalade ESVs, 2023 … Read more
A tech startup seated a Nancy Pelosi impersonator in the front row of a UFC match in a publicity stunt to launch a new app that allows users to “invest like a politician.” Christopher Josephs, the Los Angeles-based co-founder of Autopilot, said thousands of people downloaded his trading app over the weekend after his firm … Read more
The topic of tipping at food establishments remains a hot debate. It can get particularly heated when it comes to when and how much customers should tip, whether it’s a full-service or quick-service restaurant. A SpotOn survey published in May indicated the tipping expectations of restaurant industry workers varied, with more than one-third of respondents reporting 15% … Read more
Shares of Trump Media & Technology Group Corp. slumped to their lowest level ever early Friday morning, the first day that the company’s biggest shareholder, former President Donald Trump, is free to sell his shares Shares of Trump Media & Technology Group Corp. slumped to their lowest level ever at the opening bell Friday, the … Read more
U.S. stocks are drifting in early trading after leaping to records the day before as part of a worldwide rally. The S&P 500 was down 0.2% Friday but still on track for its fifth winning week in the last six. The Dow Jones Industrial Average slipped 63 points, or 0.2% after likewise setting its own … Read more
Hedge fund Two Sigma is likely to have to pay as much as $100 million to resolve a Securities and Exchange Commission probe into a trading scandal at the firm, the Wall Street Journal reported Thursday. The hedge fund is likely to be held accountable for how it oversaw an ex-employee at the center of … Read more
CBS News has renewed the contract of its biggest star Gayle King — even as the Tiffany Network continues to face brutal cost cuts, The Post has learned. The 69-year-old “CBS Mornings” co-host’s decision to return to the the last-place morning show comes at a tumultuous time for CBS and parent company Paramount Global, which … Read more
Another mission specialist who worked with the company that owned the Titan submersible that imploded last year while on its way to the Titanic wreckage is scheduled to testify before a U.S. Coast Guard investigatory panel Friday. The investigatory panel has listened to three days of testimony that raised questions about the company’s operations before … Read more
General Motors is recalling more than 449,000 of its SUVs and pickup trucks because the electronic brake control module software may fail to display a warning light when a loss of brake fluid takes place General Motors is recalling more than 449,000 of its SUVs and pickup trucks because the electronic brake control module software … Read more