Billionaire buddies Bill Gates and Warren Buffett are teaming up to build a nuclear reactor — on the site of a coal plant that’s being phased out in Wyoming. Nuclear reactor design company TerraPower, which Gates founded about 15 years ago, and power company PacifiCorp, which is owned by Buffett’s Berkshire Hathaway, are partners on...Read More
Facebook said Friday that it will ban former President Donald Trump until at least 2023 — drawing new outrage as momentum grows to regulate social media platforms. The decision means that Trump might still be able to regain access to his Facebook and Instagram accounts in time for the 2024 campaign if he seeks a...Read More
Walt Disney Chairman Bob Iger sold shares of the company worth $98.7 million, according to a regulatory filing late Thursday. Iger sold 550,570 shares of Disney’s common stock, the filing showed. He sold 537,304 shares at an average price of $179.2 per share, and 13,266 shares at an average of $179.76 each. The entertainment company said the sale...Read More
As vaccinations rise, restaurant tips are going in the opposite direction, according to a new report. Credit card data captured by two payment system companies shows that the generous gratuities New Yorkers lavished on restaurant workers throughout the pandemic are starting to wane. Food delivery workers who had been pocketing tips averaging 16 percent at...Read More
iPhone users who have installed Apple’s latest software update, iOS 14.6, are complaining that it’s draining their batteries — sometimes killing a full charge in mere hours. Apple customers slammed the company’s Community Forum and Twitter this week with gripes about the May 24 update. “My battery life on iOS 14.6 is terrible… is it just me...Read More
Billionaire investor Bill Ackman confirmed Friday that his blank-check company Pershing Square Tontine Holdings is in talks to buy a 10-percent stake of Universal Music Group for about $4 billion. The transaction would value the Vivendi-owned Universal Music, which is the home to singers like Taylor Swift, Lady Gaga and Kanye West, at around $42.4...Read More
The former CEO of Make-A-Wish Iowa has pleaded guilty to charges of embezzling tens of thousands of dollars meant to help sick and dying children. Jennifer Woodley admitted in a written guilty plea last week to the unauthorized use of a credit card for the months-long theft, which began in the summer of 2019. Woodley, 40,...Read More
The US added 559,000 jobs last month — fewer than the 671,000 expected by economists — as Americans continued to emerge from the pandemic and businesses scrambled to hire new workers, the feds said Friday. The unemployment rate ticked down to 5.8 percent, according to Friday’s much-anticipated jobs report from the Bureau of Labor Statistics....Read More
Regulators in Europe and the United Kingdom on Friday announced they have launched formal competition investigations into Facebook in a two-front offensive on the social media giant’s use of data to dominate markets. The UK’s Competition and Markets Authority said it’s investigating whether Facebook is “abusing a dominant position in the social media or digital...Read More
It’s the end of an era for D’Agostino’s. Nicholas D’Agostino III — whose family founded their namesake grocery chain in 1932 — has quietly stepped down as president and chief operating officer of D’Agostino’s and its sister chain Gristedes, The Post has learned. Billionaire John Catsimatidis — who engineered the merger of the two iconic...Read More
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