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Business | New York Post
Business | New York Post
Apple posts over $100 billion in quarterly sales for first time ever
Apple finished 2020 with a bang, logging its most profitable quarter ever despite disruptions created by the pandemic. For the three months ending in December, the iPhone maker pulled in a record $111.4 billion in sales, the company said. It’s the first time Apple crossed the symbolic $100 billion mark in a single quarter. Analysts...
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Times Square Margaritaville with outdoor pool to open amid COVID-19 pandemic
Jimmy Buffett’s Margaritaville Resort empire is coming to Manhattan and plans to open in Times Square late this spring. 
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Google revives Australia news site launch amid fight over payments
Google is reviving plans to launch its own news website in Australia within weeks, according to a local media outlet contracted to provide articles for the venture, as the search giant fights world-first proposed laws on content payments. The launch of the News Showcase product as early as next month is Google’s latest tactic in...
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ByteDance slashes jobs in India amid ongoing TikTok ban
TikTok parent ByteDance is slimming down its workforce in India, where the video-sharing app might be gone for good. The Beijing-based tech giant announced cuts to its more than 2,000-person India staff on Wednesday after officials there decided to maintain a ban on TikTok and 58 other Chinese-owned apps. In a memo to employees, ByteDance...
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Leon Black’s $158M Jeffrey Epstein payout raises eyebrows
Leon Black’s nine-figure payout to convicted pedophile alleged sex trafficker Jeffrey Epstein has the legal world scratching its head. Black’s Apollo Global Management on Monday revealed that its billionaire CEO and co-founder paid Epstein — who committed suicide in prison in August 2019 — $158 million between 2013 and 2017 for professional advice on tax...
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BlackRock’s Larry Fink urges companies to plan for climate change
Larry Fink is telling companies he invests in to show him how they will combat climate change — or else. In his annual letter to shareholders, the billionaire chief executive of BlackRock said his $8.7 trillion fund will require companies it invests in to “disclose a plan for how their business model will be compatible...
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Beyond Meat inks deal with PepsiCo for snacks, drinks
Beyond Meat’s shares are sizzling on the news that it will launch a new line of snacks and beverages with PepsiCo. The El Segundo, Calif-based fake meat company on Monday announced a joint venture with the snacks and soda giant called PLANeT Partnership, sending Beyond Meat’s shares up more than 20 percent. Together the companies...
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Tiffany’s lineup set for a major overhaul under new owner LVMH
French luxury goods group LVMH plans to overhaul Tiffany & Co.’s vast merchandise lineup to increase the focus on gold and precious gems and take its silver bangles upmarket after closing the $15.8 billion takeover of the US jeweler this month. Six sources, including two people with inside knowledge of Tiffany’s operations, told Reuters the...
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Volkswagen CEO Herbert Diess urges Joe Biden to buy his electric cars
President Joe Biden is looking to buy hundreds of thousands of American-made electric cars — and Europe’s largest automaker thinks it can help. Volkswagen Group CEO Herbert Diess made a sales pitch to Biden after the commander in chief pledged to replace the federal government’s gas-guzzling vehicles with electric cars. “Good decision and good timing,...
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