Trade groups representing Facebook, Twitter and Google have sued Florida over a new state law governing social media that Gov. Ron DeSantis claims will protect free speech. The legislation, which DeSantis signed on Monday and is slated to take effect July 1, would allow the Florida Election Commission to fine social-media companies $250,000 per day...Read More

A key inflation indicator rose 3.1 percent in April from a year ago as costs continued to grow in the US economy just as it’s mounting a comeback from the pandemic, the feds said Friday. It is the most since July 1992 that the core personal consumption expenditures index has risen over 12 months. The...Read More

Shares of AMC Entertainment continued to soar Friday morning — even outpacing fellow so-called meme stock GameStop. AMC was up more than 17 percent, trading at over $30 per share in the premarket, extending gains of about 35 percent from the day before. The stock has seen a dazzling rally this week that’s sent shares...Read More

Jay-Z will rap to some of Wall Street’s biggest names next month at the Robin Hood Foundation’s annual investors conference, event organizers confirmed. The Brooklyn-born rapper is expected to discuss his business career, including his recent deal to sell music-streaming service Tidal to Jack Dorsey-owned Square. That deal also had him added to the financial...Read More

Rapid-fire changes underway at newspapers sold to cost-slashing hedge fund Alden Global Capital have led to a profound case of the jitters at newsrooms like the New York Daily News. On Monday, Daily News staffers were hit with the first bout of potentially bad news when they were told via memo that they had been...Read More

WarnerMedia CEO Jason Kilar — whose future has been in doubt since AT&T’s $43 billion deal to spin off its entertainment unit — will remain at the helm of the company until mid-2022, it emerged on Thursday. Kilar has told staffers that he will continue in his current role as WarnerMedia CEO for the next...Read More

President Biden’s budget proposal reportedly assumes that stiff new increases in capital-gains taxes took effect in April. That’s a surprise to many policy wonks, and some say the silence that has greeted the news is unsettling. According to a Thursday report by the Wall Street Journal, taxes on capital gains for households making more than...Read More

Last December, when a week-old hedge fund named Engine No. 1 challenged Exxon Mobil to change its ways, laughter echoed through Wall Street circles, from the fund’s name that recalled a famous children’s book to its tiny, then-$40 million stake in what was once the world’s largest publicly traded company. Just six months later, the...Read More

Wall Street titan Goldman Sachs is joining Main Street chains like Walmart in bidding farewell to face masks. In an email to employees Wednesday, a copy of which was obtained by The Post, the investment banking giant said fully vaccinated US employees will no longer have to wear masks — effective immediately. US staffers who...Read More

A New York state appeals court on Thursday restored most of a sexual harassment lawsuit brought by Sara Tirschwell — a former TCW Group fund manager and NYC mayoral candidate — against her former employer, considered Wall Street’s first major case of the #MeToo era. In a 4-0 vote, the Appellate Division in Manhattan said Tirschwell, who...Read More