Walmart plans to stop selling e-cigarettes in the wake of the recent controversy over how safe the alternative smoking devices are, according to an internal memo obtained by CNBC. “Given the growing federal, state and local regulatory complexity and uncertainty regarding e-cigarettes, we plan to discontinue the sale of electronic nicotine delivery products,” the company Read More…
WASHINGTON — Online shopping giant Amazon revealed a carbon footprint Thursday that rivals that of a small country and vowed to reduce the damage to the planet by cutting its use of fossil fuels. The company, which ships more than 10 billion items a year on fuel-guzzling planes and trucks, said it has ordered 100,000 Read More…
Uber sued the city’s Taxi and Limousine Commission on Friday, arguing its plans to mandate the amount of time app-based hacks spend without passengers are government overreach. The TLC approved new rules last month requiring that by August 2020 drivers for Uber, Lyft and their competitors spend no more than 31 percent of their time Read More…
President Trump said Friday that his administration was “making a lot of progress” with China, as deputy-level trade talks continued for a second day and Washington lifted tariffs on over 400 Chinese products at the request of US businesses, who said they’d be hurt by the tariffs. But he also noted that cutting a deal Read More…
Carl Icahn is moving his financial empire to a seaside office tower just a hop, skip and a jump from his private-island home, The Post has learned. The Far Rockaway native plans to lease one-and-a-half floors at the top of a yet-to-be-constructed glass-encased office tower in Sunny Isles Beach when he moves Icahn Enterprises to Read More…
Mayor Bill de Blasio has finally realized what the rest of the country did long ago: He has no chance of being president of the United States. But that doesn’t mean he’s done torturing New York. Oh, on the plus side, New Yorkers will no longer have to wince as their mayor abases himself before Read More…
The US manufacturing sector “already appears in recession” and overall economic growth is expected to slow “in the near horizon,” St. Louis Federal Reserve Bank President James Bullard said on Friday, explaining why he dissented at a recent Fed meeting and wanted a deeper, half percentage point rate cut. The Fed reduced its target overnight Read More…
Google will make an additional investment of 3 billion euros ($3.3 billion) over the next two years to expand its European data centers, Chief Executive Sundar Pichai said in Finland. The investment plan includes an additional 600 million euros investment in the Hamina data center in Finland, bringing total investment in the site to 2 Read More…
Apple diehards who lined up outside the revamped Fifth Avenue Apple Store for the iPhone 11 launch got more than they bargained for when chief executive Tim Cook stopped by for a surprise appearance. The CEO flew in from the company’s Cupertino, Calif., headquarters to officially open the doors of Apple’s iconic glass cube, which Read More…
Two top Wall Street dealmakers say they were snookered into a four-year legal battle over $10 million in back pay — only to learn from the New York Post that they were legally entitled to that money years ago. The bankers, Michael Kramer and Derron Slonecker, say their former employer, Perella Weinberg Partners, and its Read More…
Donald Trump is waging a nonstop, all-encompassing war against progressive culture, in magnitude analogous to what 19th-century Germans once called a Kulturkampf. As a result, not even former President George W. Bush has incurred the degree of hatred from the left that is now directed at Trump. For most of his time in office, Trump, Read More…
Kids in the city will be missing school today for the nationwide “Climate Strike.” They might see it as a small sacrifice: Who needs an education to prepare for tomorrow when tomorrow is a dubious proposition? Truth is, they probably have no idea just how silly are the things they’re promoting. “We, the youth of Read More…
It’s now been four days since The New York Times corrected — er, retracted — its attack against Justice Brett Kavanaugh. Turns out the “new allegation” isn’t supported by the victim, a fact conveniently left out of the story. And still Kamala Harris, Liz Warren, Beto O’Rourke, Julian Castro, Cory Booker and Pete Buttigieg haven’t Read More…
Dish Network’s chances of buying DirecTV could be about as remote as a satellite that’s orbiting the earth. That’s the take from sources close to Dish Chief Executive Charlie Ergen, who say that in addition to regulatory stumbling blocks the mercurial billionaire faces tough financial hurdles in acquiring his longtime rival. Ergen appeared to get Read More…
Legendary gun maker Colt has announced Thursday that it would stop making the AR-15 and other long guns for the civilian market, citing falling demand and obligations to military and law enforcement markets. In a statement, Dennis Veilleux, president and CEO of the 180-year-old, Connecticut-based manufacturer, explained the company’s reasons for the move, which had Read More…
Airbnb announced Thursday that it intends to finally go public next year. “Airbnb, Inc. announced today that it expects to become a publicly-traded company during 2020,” the San Francisco-based company said in a press release, posted on its website. This ends years of guessing and speculation as to when the company would enter the public Read More…
Shares of Grubhub dropped nearly 6 percent on Thursday after a prominent short-seller revealed he was betting against the food delivery giant. Investor Jim Chanos said Grubhub is facing a perfect storm of bad news as its drivers push for higher pay, lawmakers pressure it to give its workers benefits, and restaurants become more savvy Read More…
Tesla’s Model 3 electric sedan has earned the top safety rating from the Insurance Institute of Highway Safety (IIHS), becoming the first Tesla to do so. The IIHS has given the Model 3 its highest rating, top safety pick+. It said the Model 3 earned good ratings across the board for crashworthiness. The car’s structure held Read More…
One of Warren Buffett’s youngest protégés is parting ways with Berkshire Hathaway — to start a rival company. Tracy Britt Cool — who started at Berkshire in 2009 when she was just 25 — is launching an investment firm that will own smaller companies — just like the one she has helped the Oracle of Read More…
Patrick Byrne — the controversial ex-CEO of Overstock — sold all his shares this week. Byrne — who left the discount furniture seller in a cloud of controversy after confessing to a romantic relationship with a Russian spy — said he sold all of his 10-plus percent stake in Overstock — thanks to the company’s Read More…