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Makoto Uchida, president and CEO of Nissan Motor, and Toshihiro Mibe, Honda Motor president and CEO, attend their joint press conference in Tokyo, Japan March 15, 2024. Kyodo | Via Reuters DETROIT — Japanese automakers Nissan Motor and Honda Motor reportedly plan to enter into negotiations for a merger to better compete in the rapidly […]
The Dow Jones Industrial Average slid to its worst losing streak in more than four decades as investor hopes that the Federal Reserve will aggressively cut interest rates next year continued to diminish. The central bankers wrap up their last two-day meeting of the year Wednesday, when they are widely expected to announce another quarter-point […]
An app-based delivery worker waits outside of a restaurant in New York City on July 7, 2023. Spencer Platt | Getty Images Grubhub will pay $25 million to settle a lawsuit from the Federal Trade Commission and Illinois Attorney General Kwame Raoul over allegedly unlawful practices that harmed diners, workers and small businesses, the FTC […]
Beloved Soho seafood staple Lure Fishbar will likely get the hook when its lease expires — because luxury retailer Prada has its sights set on the prized location, The Post has learned. The Milan-based company wants to boot Lure from its underground space at the corner of Prince Street — where it has been for […]
Chicago Sky coach Teresa Weatherspoon calls out to players during the first half of the team’s WNBA basketball game against the New York Liberty, May 23, 2024, in New York. Frank Franklin II | AP Startup basketball league Unrivaled announced on Monday it’s closed a Series A funding round, raising an additional $28 million before […]
Former talk show host Carlos Watson was sentenced Monday to nearly 10 years in prison in a federal financial conspiracy case that cast his once-buzzy Ozy Media as an extreme of fake-it-’til-you-make-it startup culture. So extreme that another Ozy executive impersonated a YouTube executive to hype Ozy to investment bankers — while Watson coached him, prosecutors said. […]
Rohit Chopra, director of the CFPB, testifies during a House Financial Services Committee hearing on June 14, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images The Consumer Financial Protection Bureau on Thursday announced the final version of a rule limiting banks’ ability to charge overdraft fees. It says the rule will save American […]
Hilton assured us in October that the latest postponement we recently reported in reopening the landmark Waldorf-Astoria hotel — until spring of 2025 — would be the project’s last delay. A week ago, as if to give credence to that, Hilton trumpeted that the online room reservations site would go live on Dec. 10. It […]
A Cruise autonomous taxi in San Francisco, California, US, on Thursday Aug. 10, 2023. David Paul Morris | Bloomberg | Getty Images DETROIT — For years, General Motors CEO and Chair Mary Barra has promised a new future for the company, away from a stodgy metal-bending automaker into a tech-driven, forward-thinking company poised for growth. […]
Shrugging off speculation that the Ladies’ Mile shopping corridor was losing its juice, Burlington Coat Factory is doubling its space by moving to 620 Sixth Ave., the 1896-vintage, cast-iron building that’s one of the most iconic structures on the avenue between West 14th and West 23rd streets. The clothier signed for just under 80,000 square feet, […]
