Business
Dow skyrockets to all-time high after Fed rate cut
The blue-chip index had soared as much as 600 points to an all-time high of 42,105.01.
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Warner Music slashing 750 jobs -- or 13% of workforce -- in major restructuring
In February, Warner Music, home to artists such as Dua Lipa and Teddy Swims, said that it would cut 600 employees - about 10% of its workforce.
Trump suggests capping annual credit card interest rates at 10% — but critics fear ‘price controls’
"Trump just proposed his own version of price controls," one economist said.
Trump Media stock sinks as former president can finally sell his shares
The six-month lockup period was put in place after Trump Media consummated its merger with a blank-check company.
Nearly 138K beds sold at Amazon and Walmart recalled after reports of them collapsing during use
Nearly 138,000 platform beds sold at major retailers including Amazon and Walmart are being recalled across the US and Canada because they can collapse, posing fall and injury risks.
Gayle King signs new deal to stay at CBS -- despite cost-cutting at network
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...
Disney to stop using Slack after hack exposes company secrets: report
In August, Disney said it was investigating an unauthorized release of over a terabyte of data from one of its communication systems.
Embattled hedge fund Two Sigma in talks to pay feds whopping $100M fine: report
Two Sigma co-founders John Overdeck and David Siegel decided to step down as Chief Executive Officers in August.
JetBlue to open 'exclusive' airport lounges in NY, Boston
The lounges will include cocktail and espresso bars, complimentary food and beverages and spaces to work with charging stations, JetBlue said.
Olive Garden's owner sees stock surge over 8% as it gives upbeat sales forecast, discloses Uber delivery deal
Darden reported weaker-than-expected earnings on Thursday, but it reaffirmed its full-year outlook and said sales have been improving.
Mortgage rates creep closer to 6% — the lowest level since early 2023
The latest pullback in rates should help spur demand for refinancing and home purchase loans, said Sam Khater, Freddie Mac’s chief economist.
Social media companies slammed for 'woefully inadequate' data collection safeguards: FTC
Data privacy, particularly for kids and teens, has been a hot-button issue.
Home sales 'disappointing again' -- but Fed rate cut could be silver lining for buyers
Lower mortgage rates could entice more homeowners to put their homes on the market, which could increase supply.
EU threatens Apple with fines if it doesn't open up highly guarded iOS software to rivals
EU authorities say Apple has failed to come into compliance with the Digital Markets Act, a newly enacted regulation aimed at large tech companies.
Trump becomes first president to pay in Bitcoin: 'Very easy'
Former President Donald Trump made history as the first US president to ever pay in Bitcoin at PubKey, a NYC Bitcoin bar.
Fed's Jerome Powell admits 'we might well have' cut rates in July if it knew about jobs report
Powell, however, said the policy decision announced by the Fed on Wednesday does not mean it is behind the curve; rather, he said, it is a commitment not to be.
Fed chair blames influx of illegal migrants for rising unemployment rate
“If you’re having millions of people come into the labor force, then — and you’re creating 100,000 jobs -- you’re going to see unemployment go up,” Powell said, answering a...
When will Americans feel relief from the Fed's interest rate cuts?
The half percentage point decrease – which sat at the top end of economists’ expectations and is the first cut since 2020 – should provide some quick relief to consumers...
Here's the lone Fed governor who voted against half-point rate — first dissent since 2005
Fed chairs typically seek consensus on decisions, sometimes reaching compromises to avert open disagreement that could be seen as undercutting their credibility.
Dow surges — then tumbles after Federal Reserve slashes rates for first time in four years
Market expectations for the size of the rate cut had been volatile in recent days.
'Joe Rogan' guest who ripped FDA sees mail-order pharmacy caught up in embarrassing recall
“It’s a serious error to mislabel a pharmaceutical in this way and it suggests that they have lax processes and procedures in place,” said a former acting commissioner of the...