https://nypost.com Your source for breaking news, news about New York, sports, business, entertainment, opinion, real estate, culture, fashion, and more. Tue, 02 Jul 2024 21:26:20 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.5 https://nypost.com/2024/07/02/business/paramount-mulls-1-7b-offer-to-sell-bet-to-its-ceo-and-nyc-private-equity-firm-report/#respond Tue, 02 Jul 2024 17:26:08 -0400 2024-07-02T17:26:20-04:00 https://nypost.com/2024/07/02/business/paramount-mulls-1-7b-offer-to-sell-bet-to-its-ceo-and-nyc-private-equity-firm-report/ Ariel Zilber, Josh Kosman https://nypost.com/?post_type=article&p=32676219 0 Paramount Studios in Hollywood, USA Paramount Studios in Hollywood, USA Last month, Shari Redstone, controlling shareholder of Paramount parent company National Amusements, pulled out of a proposed merger with Skydance. Scott Mills, president and CEO of BET Media Group, is reportedly interested in buying the cable network from parent company Paramount. Chinh Chu of CC Capital is also reportedly interested in bidding for BET. Paramount is said to be considering a $1.7 billion offer for BET, according to a report from Bloomberg News. Skydance Media was founded by David Ellison, son of billionaire Oracle co-founder Larry Ellison. Tyler Perry was among a group of potential suitors who expressed interest in buying BET last year, according to reports. https://nypost.com/2024/07/02/business/ex-microsoft-ceo-steve-ballmer-is-now-richer-than-founder-bill-gates/#respond Tue, 02 Jul 2024 14:41:09 -0400 2024-07-02T14:41:19-04:00 https://nypost.com/2024/07/02/business/ex-microsoft-ceo-steve-ballmer-is-now-richer-than-founder-bill-gates/ Ariel Zilber https://nypost.com/?post_type=article&p=32663129 0 Steve Ballmer, former CEO of Microsoft and current owner of the Los Angeles Clippers basketball team, has a net worth of $157 billion, according to Bloomberg. As of Monday, Ballmer's net worth was higher than that of his former boss, Microsoft co-founder Bill Gates. Gates and Ballmer are seen above at a Microsoft event in 2006. In 2021, Gates divorced his ex-wife, Melinda French Gates (seen above). Earlier this year, Melinda French Gates stepped down as co-chair of the Bill and Melinda Gates Foundation. https://nypost.com/2024/07/02/business/upflation-driving-up-prices-for-odd-products-like-all-body-deodorant/#respond Tue, 02 Jul 2024 12:04:12 -0400 2024-07-02T12:04:22-04:00 https://nypost.com/2024/07/02/business/upflation-driving-up-prices-for-odd-products-like-all-body-deodorant/ Ariel Zilber https://nypost.com/?post_type=article&p=32669668 0 84831171 84831171 Procter & Gamble is marketing whole-body deodorant at a significant mark-up from traditional deodorant. Consumer goods companies are marketing specialty razors for pubic hair. Whole body deodorants are part of a trend in retail known as "upflation" -- where companies are charging more money for goods that are being marketed for uses that are beyond their original scope. Inflation-weary consumers are cutting back on razors, deodorant, shampoo and laundry detergent, according to recent data. https://nypost.com/2024/07/02/business/fed-chair-jerome-powell-doesnt-expect-inflation-to-hit-2-until-2025/#respond Tue, 02 Jul 2024 11:53:02 -0400 2024-07-02T12:48:23-04:00 https://nypost.com/2024/07/02/business/fed-chair-jerome-powell-doesnt-expect-inflation-to-hit-2-until-2025/ Ariel Zilber https://nypost.com/?post_type=article&p=32671729 0 Fed Chair Jerome Powell said on Tuesday that the central bank needed to see more evidence of cooling inflation before slashing interest rates. Wall Street investors are hopeful that the Fed will cut interest rates at least once later this year. Powell said he saw "disinflationary" data indicating that the rate of price increases were inching closer to the Fed's 2% target. https://nypost.com/2024/07/01/business/how-starbucks-is-responding-to-gripes-about-40-minute-wait-times/#respond Mon, 01 Jul 2024 15:18:42 -0400 2024-07-01T15:18:52-04:00 https://nypost.com/2024/07/01/business/how-starbucks-is-responding-to-gripes-about-40-minute-wait-times/ Ariel Zilber https://nypost.com/?post_type=article&p=32658857 0 newspress-collage-ah39o4mr1-1719859464020 newspress-collage-ah39o4mr1-1719859464020 Starbucks is beginning to implement changes to how it services customers on Monday. The Seattle-based coffee chain has been the recipient of complaints from customers and workers in recent months. Starbucks is looking to alleviate the logjams that have forced customers to wait as much as 40 minutes for their drinks. https://nypost.com/2024/07/01/business/roaring-kitty-sued-for-pump-and-dump-scheme-with-gamestop-stock/#respond Mon, 01 Jul 2024 12:32:55 -0400 2024-07-02T10:18:32-04:00 https://nypost.com/2024/07/01/business/roaring-kitty-sued-for-pump-and-dump-scheme-with-gamestop-stock/ Ariel Zilber https://nypost.com/?post_type=article&p=32656241 0 newspress-collage-vque5fnea-1719849733737 newspress-collage-vque5fnea-1719849733737 Keith Gill, also known as the internet persona "Roaring Kitty," is being sued in Brooklyn federal court. Gill is accused of running a "pump-and-dump" scheme involving alleged manipulation of GameStop stock. Gill is alleged to have committed securities fraud using his massive online following. Gill recently revealed that he increased his stake in GameStop -- sending the company's stock briefly surging. https://nypost.com/2024/07/01/business/chewy-stock-briefly-soars-after-roaring-kitty-discloses-6-6-stake/#respond Mon, 01 Jul 2024 10:47:47 -0400 2024-07-02T10:18:40-04:00 https://nypost.com/2024/07/01/business/chewy-stock-briefly-soars-after-roaring-kitty-discloses-6-6-stake/ Ariel Zilber https://nypost.com/?post_type=article&p=32655201 0 newspress-collage-4qgiy8r25-1719836843797 newspress-collage-4qgiy8r25-1719836843797 Keith Gill, known by his internet persona "Roaring Kitty," disclosed a 6.6% stake in Chewy on Monday. Shares of Chewy, the online pet store, were up by as much as 12% in pre-market trading on Monday. Gill was named in a class action lawsuit accusing him of securities fraud in connection with his holdings in GameStop. https://nypost.com/2024/06/28/media/cnns-biden-trump-debate-draws-48m-viewers-most-in-networks-history/#respond Fri, 28 Jun 2024 15:40:10 -0400 2024-06-28T17:14:53-04:00 https://nypost.com/2024/06/28/media/cnns-biden-trump-debate-draws-48m-viewers-most-in-networks-history/ Ariel Zilber https://nypost.com/?post_type=article&p=32631954 0 newspress-collage-o4hn3d5z7-1719600081841 newspress-collage-o4hn3d5z7-1719600081841 The debate between President Joe Biden (right) and former President Donald Trump was viewed by nearly 48 million people. The debate between Trump and Biden was held at CNN's studios in Atlanta on Thursday. Biden appeared frail during the debate -- raising alarms among Democrats about his fitness for another term. The debate was moderated by CNN hosts Jake Tapper and Dana Bash. https://nypost.com/2024/06/28/business/costco-customers-fume-over-change-to-4-99-rotisserie-chicken/#respond Fri, 28 Jun 2024 14:00:38 -0400 2024-06-28T14:00:54-04:00 https://nypost.com/2024/06/28/business/costco-customers-fume-over-change-to-4-99-rotisserie-chicken/ Ariel Zilber https://nypost.com/?post_type=article&p=32629430 0 newspress-collage-yscduzex5-1719595963959 newspress-collage-yscduzex5-1719595963959 Costco introduced plastic bag wrappers for its popular $4.99 rotisserie chicken. The company is phasing out the hard plastic shell covering that has been traditionally used to package the chickens. In 2023, Costco said it sold 137 million rotisserie chickens. https://nypost.com/2024/06/28/business/trump-media-stock-surges-as-high-as-11-following-biden-debate/#respond Fri, 28 Jun 2024 11:24:02 -0400 2024-06-28T16:28:24-04:00 https://nypost.com/2024/06/28/business/trump-media-stock-surges-as-high-as-11-following-biden-debate/ Ariel Zilber https://nypost.com/?post_type=article&p=32626529 0 newspress-collage-80kdlhyxk-1719583729278 newspress-collage-80kdlhyxk-1719583729278 Thursday's debate between President Joe Biden (left) and former President Donald Trump (right) impacted the stock price of Trump Media and Technology Group. Shares of TMTG were up by as much as 11% in pre-market trading on Friday. https://nypost.com/2024/06/28/media/wall-street-journal-editor-in-chief-vindicated-over-biden-story/#respond Fri, 28 Jun 2024 11:23:45 -0400 2024-06-28T11:50:29-04:00 https://nypost.com/2024/06/28/media/wall-street-journal-editor-in-chief-vindicated-over-biden-story/ Ariel Zilber https://nypost.com/?post_type=article&p=32625829 0 Emma Tucker Emma Tucker Wall Street Journal editor-in-chief Emma Tucker said she "very much so" felt vindicated on Thursday night. Earlier this month, the Journal ran a story quoting people who had met with President Biden as saying that he was "slipping." Biden is seen during Thursday night's debate. The June 4 story by the Journal was fiercely criticized by the White House and Biden supporters. In 2022, Tucker was named the first woman editor-in-chief in the 130-plus-year history of the Journal. https://nypost.com/2024/06/28/business/feds-preferred-inflation-gauge-was-up-2-6-in-may/#respond Fri, 28 Jun 2024 08:44:47 -0400 2024-06-28T16:12:07-04:00 https://nypost.com/2024/06/28/business/feds-preferred-inflation-gauge-was-up-2-6-in-may/ Ariel Zilber https://nypost.com/?post_type=article&p=32625944 0 newspress-collage-j8xuhn84d-1719576013948 newspress-collage-j8xuhn84d-1719576013948 The personal consumption expenditures index is the Federal Reserve's preferred measure of inflation. Fed Chair Jerome Powell is pictured. Economists had expected the report to show a modest easing of inflation to 2.6% in May, following a 2.7% reading in April. The surging cost of housing has weighed heavily on inflation in recent years, which has forced the Fed to hike interest rates aggressively. https://nypost.com/2024/06/27/business/target-will-allow-employees-to-stop-thefts-worth-at-least-50/#respond Thu, 27 Jun 2024 17:31:58 -0400 2024-06-27T17:32:09-04:00 https://nypost.com/2024/06/27/business/target-will-allow-employees-to-stop-thefts-worth-at-least-50/ Ariel Zilber https://nypost.com/?post_type=article&p=32614561 0 84574844 84574844 Target is giving staffers more leeway in cracking down on shoplifting incidents, according to a report. Target has seen a rash of shoplifting incidents at locations in several big cities, including New York. The NYPD arrested a Brooklyn woman in connection with a Feb. 19 shoplifting incident. The Feb. 19 incident took place at a Target in Staten Island. Surveillance footage has captured several brazen shoplifters at Target stores. A North California woman was convicted of stealing more than $60,000 worth of items from Target. Target and other retailers have said that an increase in "shrink" has put a dent in their profits. https://nypost.com/2024/06/27/business/don-corleone-of-cybercrime-scammed-thousands-of-europeans-report/#respond Thu, 27 Jun 2024 14:52:50 -0400 2024-06-27T14:53:00-04:00 https://nypost.com/2024/06/27/business/don-corleone-of-cybercrime-scammed-thousands-of-europeans-report/ Ariel Zilber https://nypost.com/?post_type=article&p=32612062 0 Shalon, who is accused by U.S. authorities of engaging in a stock manipulation scheme involving U.S. penny stocks, arrives at a courtroom at the Jerusalem Magistrates Court Shalon, who is accused by U.S. authorities of engaging in a stock manipulation scheme involving U.S. penny stocks, arrives at a courtroom at the Jerusalem Magistrates Court Geri Shalon (left) is alleged to have masterminded a 2014 hack of JPMorgan Chase and other companies that yielded an illicit windfall totaling hundreds of millions of dollars. Shalon's alleged scheme was so sprawling and all-encompassing that it earned him a moniker of "the Don Corleone of cybercrime." One of Shalon's alleged co-conspirators is Joshua Samuel Aaron, a US national. Shalon allegedly had his father bribe Russian officials to give up Aaron, who was a fugitive from justice. Shalon is alleged to have initially helped Aaron escape justice and find refuge in Russia. https://nypost.com/2024/06/27/business/mcdonalds-says-mcplant-burger-failed-customers-shunned-non-meat-option/#respond Thu, 27 Jun 2024 12:37:21 -0400 2024-06-27T12:37:31-04:00 https://nypost.com/2024/06/27/business/mcdonalds-says-mcplant-burger-failed-customers-shunned-non-meat-option/ Ariel Zilber https://nypost.com/?post_type=article&p=32609406 0 Los Angeles, California â October 6, 2019: McDonald's fast food restaurant. McDonald's serve hamburgers, cheeseburgers, french fries, chicken products, wraps, milkshakes, breakfast items and desserts Los Angeles, California â October 6, 2019: McDonald's fast food restaurant. McDonald's serve hamburgers, cheeseburgers, french fries, chicken products, wraps, milkshakes, breakfast items and desserts The McPlant, the non-meat hamburger sold by McDonald's, has not been a hit with customers. The company said that it ended a pilot program in the San Francisco and Dallas-Fort Worth areas, where customers largely shunned the McPlant. https://nypost.com/2024/06/27/media/megyn-kelly-mocks-hillary-clinton-cringe-book-cover/#respond Thu, 27 Jun 2024 09:48:09 -0400 2024-06-27T09:48:19-04:00 https://nypost.com/2024/06/27/media/megyn-kelly-mocks-hillary-clinton-cringe-book-cover/ Ariel Zilber https://nypost.com/?post_type=article&p=32608391 0 kennedys-women-destroyed-discuss-hillary-84552302 kennedys-women-destroyed-discuss-hillary-84552302 Megyn Kelly mocked Hillary Clinton during her SiriusXM podcast "The Megyn Kelly Show" on Wednesday. Kelly commented on the cover of Clinton's new book. Kelly compared Clinton's appearance on the cover to that of Joan Rivers (seen above in 2014). She died that year at the age of 81. "She looks nothing like herself," Kelly said of Clinton, who is seen above in March. https://nypost.com/2024/06/25/business/fans-fume-at-disney-worlds-change-to-genie-reservations/#respond Tue, 25 Jun 2024 16:56:06 -0400 2024-06-25T18:02:18-04:00 https://nypost.com/2024/06/25/business/fans-fume-at-disney-worlds-change-to-genie-reservations/ Ariel Zilber https://nypost.com/?post_type=article&p=32583625 0 newspress-collage-xiivwqa2r-1719345043163 newspress-collage-xiivwqa2r-1719345043163 Disney announced changes to its "Genie+" feature which allowed guests to skip lines to attractions. Visitors to the theme park will be able to book time slots for rides as far as a week in advance. Disney guests have long complained about extended wait times for rides and attractions at the Orlando theme park. The system was designed to allow guests to bypass the standby line and cut down on wait times. https://nypost.com/2024/06/25/business/deltas-new-jfk-luxury-lounge-offers-fine-dining-massages/#respond Tue, 25 Jun 2024 14:29:55 -0400 2024-06-25T16:29:19-04:00 https://nypost.com/2024/06/25/business/deltas-new-jfk-luxury-lounge-offers-fine-dining-massages/ Ariel Zilber https://nypost.com/?post_type=article&p=32576806 0 Delta One Lounge at New York-JFK ushers in a new era of premium travel for airline Delta One Lounge at New York-JFK ushers in a new era of premium travel for airline Delta One lounge is set to open at JFK International Airport in New York on Wednesday. The lounge is accessible to Delta One ticket holders as well as members of the invite-only "360" club. The lounge includes fine dining Brasserie restaurant which offers menu items such as steak tartare. Travelers can unwind at the terrace which overlooks the airfield at JFK International Airport in New York. The lounge boasts bathroom and shower stalls outfitted with robes and slippers. Delta is planning to open similar high-end lounges in Boston and Los Angeles later this year. https://nypost.com/2024/06/25/business/uber-locks-out-nyc-drivers-to-avoid-paying-for-idle-time/#respond Tue, 25 Jun 2024 11:51:07 -0400 2024-06-25T15:15:08-04:00 https://nypost.com/2024/06/25/business/uber-locks-out-nyc-drivers-to-avoid-paying-for-idle-time/ Ariel Zilber https://nypost.com/?post_type=article&p=32577423 0 newspress-collage-iq5k4brpq-1719322241509 newspress-collage-iq5k4brpq-1719322241509 Uber has been locking out drivers in order to avoid paying a city-mandated minimum wage, according to a report. Drivers who earn money through ride share apps including Uber and Lyft say their wages have fallen. Lyft said it will soon "have to" start freezing drivers out of its apps during periods of low demand. Uber has protested a six-year-old rule issued by the Taxi and Limousine Commission which calculates a minimum wage due to drivers during periods of down time. https://nypost.com/2024/06/25/business/microsoft-hit-with-antitrust-charges-over-possibly-abusive-practices/#respond Tue, 25 Jun 2024 09:31:49 -0400 2024-06-25T16:04:36-04:00 https://nypost.com/2024/06/25/business/microsoft-hit-with-antitrust-charges-over-possibly-abusive-practices/ Ariel Zilber https://nypost.com/?post_type=article&p=32566294 0 Using Microsoft team meeting app Using Microsoft team meeting app Microsoft has been accused by the European Union of violating antitrust laws. The European Commission said Microsoft's bundling of its Teams software with office suits such as Office 365 was "possibly abusive." Microsoft is accused of forcing customers to use Teams when they purchase its office suites.