Mass layoffs are plaguing more than just the Big Tech industry. On Sunday, former Walmart CEO Bill Simon joined “Fox & Friends Weekend” to warn Americans of the detrimental impact that corporate layoffs could have on the U.S.’s feeble economy. “It’s crazy right now. We’re stuck in this loop of wage inflation,…
Hedge-fund billionaire Bill Ackman endorsed Hindenburg Research’s allegations of fraud at Adani Group as “highly credible” on Thursday – and even likened the India-based conglomerate to Herbalife, the supplements seller that he tried and failed to topple after calling it a “pyramid scheme.” “Adani’s response to @HindenburgRes is the same…
If you didn’t think that solving how to stop cows from burping is a million-dollar idea, well, Bill Gates apparently does. The Microsoft co-founder and billionaire has reportedly backed an Australian-based startup looking to stop cows from burping methane emissions, pouring funds into research around livestock food supplements. According to a press release,…
TikTok has reportedly proposed to have an independent, third-party monitor check the social media app’s algorithms to determine if the Chinese government is accessing Americans’ user data. As part of the reported plan, US-based tech entities such as Oracle would review the code governing how TikTok chooses the videos that…
“Real Time” host Bill Maher questioned whether he would ever get a chance to hang out with Howard Stern in the post-pandemic era during a frank discussion about the legendary shock jock’s germaphobia. Maher discussed his mercurial relationship with Stern – and their differing approaches to the COVID-19 pandemic –…
Sam Bankman-Fried accused Binance boss Changpeng “CZ” Zhao of waging a lengthy campaign to destroy his crypto empire on Thursday while making yet another attempt to explain what led to FTX’s catastrophic bankruptcy. In a lengthy Substack post, the disgraced former FTX CEO alleged that Zhao’s “fateful tweet” on Nov….
Billionaire James Dolan has quietly moved to auction off the upscale Tao nightclub and restaurant chain — a move that insiders said looks like a desperate bid to fund the ballooning tab for a costly project in another arm of his entertainment empire, The Post has learned. The New York…
Sam Bankman-Fried is battling to keep a $450 million stake in retail stock Robinhood that FTX’s new boss is trying to claw back from the indicted crypto huckster, according to court records. The ousted FTX founder claims he is entitled to the assets listed under Emergent Fidelity Technologies, a holding…
CNN began a long-expected round of layoffs on Wednesday as president Chris Licht and other executives at WarnerBros. Discovery trim costs at the struggling cable news network. Licht informed CNN employees of the cuts in a memo and acknowledged “it will be a difficult time for everyone” at the company….
The Ford Motor Company is recalling more than 500,000 sport utility vehicles across the United States over fire risks resulting from a possibly cracked fuel injector. Ford, the second-largest car manufacturer in the U.S., said that while the likelihood of fires was rare, it was compelled to offer the recall after being informed of…
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