Elon Musk’s statement on Tesla production raises questions

Elon Musk's statement on Tesla production raises questions

Tesla CEO Elon Musk is once again drawing scrutiny for questionable comments he made to Wall Street analysts, this time involving the status of his company’s vehicle production. On a Jan. 27 conference call to discuss Tesla’s fourth-quarter earnings, Musk stated that the company was producing new versions of its oldest models, the S sedan … Read more

Amazon on track to defeat unionization efforts at AL warehouse

Amazon on track to defeat unionization efforts at AL warehouse

In a major victory for Jeff Bezos’s bulging retail and technology empire, Amazon beat back efforts to unionize its warehouse in Bessemer, Ala. The e-commerce juggernaut on Friday secured more than the 1,608 votes it needed to reject a proposed union contact — shutting down a hotly contested labor battle that threatened to influence similar … Read more

McDonald’s to close hundreds of eateries inside Walmarts

McDonald's to close hundreds of eateries inside Walmarts

Happy Meals will soon get harder to find at Walmart. This summer, hundreds of McDonald’s eateries located inside Walmart stores across the US are slated to close because of sluggish business — a trend that was accelerated by the pandemic. The decades-old partnership between the largest restaurant chain and largest retailer in the world has … Read more

Kim Kardashian’s Skims shapewear reportedly valued at $1.6B

Kim Kardashian's Skims shapewear reportedly valued at $1.6B

Kim Kardashian’s newest startup just joined her in the billion-dollar club. The reality TV icon’s Skims shapewear brand says it’s snagged a new batch of private investments valuing it at $1.6 billion. The deal also stands to lift Kardashian’s coffers on the heels of her being granted billionaire status for the first time this week. … Read more

Massive cache of LinkedIn user data leaked online

Massive cache of LinkedIn user data leaked online

A hacker appears to be selling a giant stash of LinkedIn user data that was scraped from the networking website and other places, according to the company and a report. The database purportedly containing info from 500 million LinkedIn profiles has been listed for sale on a popular hacker forum, CyberNews reported. The hacker is … Read more

Elon Musk’s Neuralink shows monkey playing ‘mind Pong’

Elon Musk's Neuralink shows monkey playing 'mind Pong'

Elon Musk’s brain-implant startup Neuralink released a video showing a monkey using its device to play “Pong” with its mind. Neuralink called the experiment an “initial demonstration of the potential capabilities” of its high-tech brain chips — though it’s unclear whether the results will be peer-reviewed by scientists or published in an academic journal. The … Read more

Leon Black accused of sexual harassment

Leon Black accused of sexual harassment

Leon Black’s surprise exit from the helm of Apollo Global Management last month came just days after several directors on the private-equity giant’s board learned of accusations of sexual harassment against him by a woman he claimed was trying to shake him down following a past “consensual affair,” The Post has learned. Black was already … Read more

Nike says deal’s been struck to recall Lil Nas X’s ‘Satan Shoes’

Nike says deal’s been struck to recall Lil Nas X’s ‘Satan Shoes’

Nike said Thursday the Brooklyn company that made “Satan Shoes” in collaboration with rapper Lil Nas X has agreed to voluntarily recall the shoes, as part of a legal settlement with the athletics giant. The settlement with MSCHF Product Studio resolves a trademark infringement lawsuit that Nike filed last week over the black-and-red, devil-themed sneakers, which … Read more

Exhausted staff fleeing Goldman Sachs’ Marcus division: report

Exhausted staff fleeing Goldman Sachs' Marcus division: report

It’s not just investment bankers who are burning out at Goldman Sachs. The Wall Street titan’s hard-charging culture is reportedly driving exhausted staffers out of Marcus, the consumer-focused business it launched to compete with Main Street banks. Large numbers of engineers, designers and product managers have headed for the door as executives set aggressive deadlines … Read more

Senate Banking chair presses Wall Street banks on Archegos ties

Senate Banking chair presses Wall Street banks on Archegos ties

The Democratic chair of the Senate Banking Committee has written to several large banks, including Credit Suisse and Japan’s Nomura, asking them for information on their relationship with New York-based Archegos Capital Management after the fund imploded last month. Sen. Sherrod Brown (D-Ohio) asked the bank’s chiefs to detail how their institutions came to do … Read more