New York Posts – Business

  • Airbus’ Beluga XL ‘whale in the sky’ takes flight for first time
    by The Sun on July 19, 2018 at 7:57 pm

    There’s still no word on whether pigs can fly but you aren’t going crazy if you spot a whale soaring past your window anytime soon. That’s because Airbus’s Beluga XL aircraft — nicknamed the “whale in the sky” — has taken off for the first time. It took off from Toulouse Airport in France on... […]

  • Archenemies Starbucks and McDonald’s team up on sustainable cup
    by Fox News on July 19, 2018 at 7:38 pm

    While the two multibillion-dollar companies are usually at odds with each other, they are pairing up for the sake of the environment. Starbucks and McDonald’s are joining forces to create a fully recyclable, compostable cup within the next three years. Both companies, combined, account for 4 percent of the world’s 600 billion cups thrown away... […]

  • Trump gripes about Fed in rare rebuke by sitting president
    by Bob Fredericks on July 19, 2018 at 7:02 pm

    President Donald Trump trashed the Federal Reserve on Thursday for raising interest rates — moves that he said could damage America’s ongoing economic recovery from the Great Recession. “I’m not thrilled. Because we go up and every time you go up, they want to raise rates again. I don’t really — I am not happy... […]

  • The government has no idea how many gig workers there are
    by Marketwatch on July 19, 2018 at 6:47 pm

    Antoinette Kunda wasn’t always rushing to make deliveries for strangers and pick up riders. Prior to the Great Recession, she worked as an executive administrative assistant at American Express where she earned $80,000 a year, or approximately $6,667 a month. Today, she works in the gig economy. “I do not consider myself having a primary... […]

  • Wells Fargo said to be refunding charges for add-on products
    by Reuters on July 19, 2018 at 5:04 pm

    Wells Fargo is in the process of refunding millions of dollars to customers for adding services to their accounts without their full understanding, the Wall Street Journal reported on Thursday, citing sources. Wells Fargo charged monthly fees for these products ranging from pet insurance to legal services that customers did not fully understand, the Journal... […]

  • Jeff Zucker to take six-week heart surgery leave from CNN
    by Alexandra Steigrad on July 19, 2018 at 3:56 pm

    CNN boss Jeff Zucker will take a six-week leave from the company to deal with heart surgery. CNN confirmed the details provided by Brian Stelter, the network’s media correspondent, who tweeted the news on Thursday. Stelter said via Twitter: “Jeff Zucker just ended the CNN morning meeting with news of his own: He will be... […]

  • Ford recalls half a million potential roll-away vehicles
    by Fox Business on July 19, 2018 at 3:56 pm

    Ford said Wednesday it’s recalling approximately 550,000 sedans and SUVs in North America, saying a problem with the gear shifter could cause the vehicles to roll away. The recall includes some 2013 to 2016 Ford Fusion cars and 2013 to 2014 Ford Escape SUVs. About 504,000 of the affected vehicles were sold in the US.... […]

  • FCC action roils prospects of Sinclair’s merger with Tribune
    by Josh Kosman on July 19, 2018 at 1:40 pm

    There will be no quick fix for Sinclair Broadcast Group’s proposed $6.6 billion acquisition of Tribune Media. The FCC on Wednesday evening voted unanimously to either send the case to an administrative law judge or open the deal once again to an extended comment period — exactly what Sinclair was trying to avoid. Either route... […]

  • Comcast drops out of Fox bidding war, will focus on Sky
    by Alexandra Steigrad on July 19, 2018 at 1:15 pm

    Comcast is giving up on its pursuit to buy Twenty-First Century Fox’s film and television assets, clearing the path for competing bidder Walt Disney. The cable giant said Thursday that it will instead focus on its bid for European pay-TV group Sky. Shares of Comcast were up 3 percent in midday trading, while Fox fell... […]

  • Powell’s optimism could mean higher interest rates
    by John Crudele on July 19, 2018 at 2:33 am

    Federal Reserve Chairman Jerome H. Powell told Congress this week that the economy is growing “considerably stronger.” And while those words would warrant a hooray from Americans, that phrase coming from Powell is a little more complicated. Powell is essentially saying that he’s not going to stop raising interest rates even if inflation stays over... […]