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Business | New York Post
Business | New York Post
Tesla cars can drive with no one in the driver’s seat, Consumer Reports says
Consumer Reports engineers were able to operate a Tesla vehicle without anyone in the driver’s seat, and the system failed to send out a warning or indicate that the driver’s seat was empty, the magazine said Thursday. The engineers tested Tesla Model Y this week as investigators probe an accident where two men died after their Tesla Model S, which...
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AT&T profits surge as wireless unit, HBO Max add customers
Shares of AT&T rose Thursday after the telecom giant’s first-quarter results topped analyst expectations. The company’s wireless division, its largest unit, added 595,000 phone customers who pay a monthly bill, up from 163,000 in the same period in 2020. It also added 207,000 prepaid phone customers. In the WarnerMedia entertainment unit, revenue rose 9.8 percent...
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FAA says Boeing still working on fix for over 100 grounded 737 MAX planes
The Federal Aviation Administration on Thursday said 106 Boeing 737 MAX airplanes have been grounded worldwide by an electrical issue and said the planemaker is still working on a fix. Boeing disclosed an electrical power system issue on April 7 and recommended operators temporarily remove these airplanes from service. The problem involved the electrical grounding...
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New Jersey deli valued at more than $100 million delisted from stock market
The modest purveyor of meats and cheeses had achieved a market capitalization of more than $100 million despite the fact that its sole shop only logged sales of $35,000 over the past two years.
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Why Wall Street is salivating over the garbage business
Their business is utter trash — and their stocks could soar as a result. Garbage truck companies may soon be all the rage — thanks to a new report making the rounds on Wall Street that’s advising investors not to overlook the waste management sector when searching for industries that might benefit from the economic...
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JPMorgan reportedly hiring more junior bankers to battle burnout
JPMorgan Chase is set to hire more junior bankers and support staff to tackle burnout as the largest US bank takes on record volumes of activity, a source with knowledge of the matter said Wednesday. The bank has hired about 90 junior bankers and support staff, and will hire 100 more globally, the source said. The...
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FDA finds peeling paint, debris at US plant making J&J’s COVID vaccine
A US plant that was making Johnson & Johnson’s COVID-19 vaccine must fix a long list of problems including peeling paint and unsanitary conditions and practices to resume operation, according to a highly critical report by the Food and Drug Administration. Experts said addressing the issues raised in the scathing FDA inspection report could take months....
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Glasses retailer Warby Parker eyeing IPO as soon as this year
Hipster glasses retailer Warby Parker is eyeing an initial public offering. The 11-year-old business, which started out as an e-tailer before rolling out some 130 stores across the US, is considering an IPO as early as this year, Bloomberg reported on Wednesday. The New York-based company has amassed a huge customer following by offering less...
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