Nissan is recalling more than 809,000 small SUVs in the US and Canada because a key problem can cause the ignition to shut off while they’re being driven.
The recall covers certain Rogues from the 2014 through 2020 model years, as well as Rogue Sports from 2017 through 2022.
Nissan says the SUVs have jackknife folding keys that may not stay fully open. If driven with the key partially folded, a driver could touch the fob, inadvertently turning off the engine.
The recall covers certain Rogues from the 2014 through 2020 model years, as well as Rogue Sports from 2017 through 2022. Above, a 2018 Nissan Rogue.REUTERS
This can cause loss of engine power and power brakes, and the air bags might not inflate in a crash.
The company says it’s not aware of any crashes or injuries caused by the problem.
Nissan hasn’t come up with a fix yet. Owners will be notified in March with an interim letter telling them not to attach anything else to the key ring. Then they’ll get another letter telling them to take their SUVs in for repairs. The automaker says owners with keys that won’t stay in the open position should contact their dealers.
A federal judge found last week that Fusion GPS — the opposition research firm that compiled the now-discredited “Steele dossier” that had claimed Donald Trump colluded with Russia — played a role in circulating a fake police report accusing a billionaire investor of rape.
Shervin Pishevar – a deep-pocketed investor in Uber, Airbnb, Slack and Postmates — has claimed for the past five years that Fusion GPS was the firm behind a forged police report that alleged he had raped a woman in a London hotel in May 2017.
The fake police report was signed by a police officer who never existed and then given to a reporter at Fast Company who published a story on it later that year.
The ultimate source of the report remains unclear, but the US judge’s order permits Pishevar to subpoena Fusion GPS and potentially compel Fusion GPS to produce evidence about the source of the false report.
“So far, Mr. Pishevar’s investigations have revealed that Mr. Baram received the fake police report and false information from D.C.-based investigations company Fusion GPS,” US Judge Robin Meriweather of the District of Columbia wrote in a Feb. 17 ruling.
As part of the ruling, the judge is issuing a subpoena demanding that Fusion GPS in the next 14 days reveal the identity of the people who created the fraudulent report as well as the person who paid for the report to be compiled.
Representatives for Pishevar declined to comment.
Fusion GPS didn’t respond to a request for comment.
If Gigi Sohn gets confirmed to join the Federal Communications Commission, the Biden administration may install the ultra-progressive telecom maven as chair of the powerful panel, insiders told On The Money.
In a Tuesday Senate hearing, Sohn claimed that any rumor she wants to be chair is “false.” However, sources say Sohn has privately told friends that the only reason she has weathered her year-and-a-half candidacy is because she has been assured by White House officials that they plan to make her chair.
“It would be incredibly embarrassing to pull her now,” one source noted.
Specifically, people close to Sohn say the administration believes it will be easier to get Senate approval for her nomination as a commissioner and then appoint her as chair to replace Jessica Rosenworcel, a Democratic Obama appointee. Indeed, Biden officials followed a similar playbook when they installed Lina Khan – a left-leaning, anti-tech trustbuster – as chair of the Federal Trade Commission in 2021.
Sohn did not respond to a request for comment; the White House did not respond to a request for comment.
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It’s unclear if Sohn will win the Senate nomination, with Democrat Joe Manchin reportedly still on the fence. If people say Democrats are hopeful she’ll pull it off — and eventually replace current FCC chair Jessica Rosenworcel as chair, insiders told On The Money.
Conservatives fret that Sohn — who has previously slammed Fox as “dangerous to our democracy” and encouraged the FCC to examine if conservative-leaning Sinclair Broadcast Group is “qualified” to keep its broadcast license — would move as FCC chair to revoke the license of right-leaning talk radio stations and even cable channels.
“If your license gets pulled your program is yanked immediately,” a source added.Most recently, Sohn worked at Locast — a startup that captured and retransmitted broadcast signals online without permission from cable companies.
Locast was slapped with a $32 million lawsuit that ultimately cost just $1 million to settle after it became clear Sohn would be nominated for the FCC, The Post reported.
Apple on Thursday reported sales and profits that missed Wall Street expectations driven by weak iPhone sales after COVID lockdowns in China disrupted production of the company’s biggest seller.
Apple sales fell 5% to $117.2 billion and were down in every part of the world in the quarter. Sales from each product category dropped, except for gains in services and iPads. Earnings per share were $1.88, Apple’s first miss of Wall Street’s profits expectations since 2016.
Analysts had expected sales of $121.1 billion and profits of $1.94 per share, according to IBES data from Refinitiv. Apple Chief Executive Tim Cook told Reuters that the production disruptions that plagued Apple’s key quarter were now over.
During its fiscal first quarter ended Dec. 31, Apple faced a wave of challenges that left Wall Street expecting lower sales. Chief among those were supply chain pressures when COVID lockdowns at a production facility in Zhengzhou, China, slowed production of iPhone 14 Pro and Pro Max devices, both premium priced models that would traditionally help drive Apple’s margins higher.
In an interview with Reuters, Cook said that production disruptions “lasted through most of December” but that “production is now back where we want it to be.” Cook said the lockdowns in China created a dual challenge where both supply and demand were constrained, with greater China sales falling 7% to $23.9 billion.
Apple said iPhone sales were $65.8 billion, down 8% from the year before and below analyst estimates of $68.3 billion.REUTERS
“When things started to reopen in December (in China), we did see an increase in traffic to our stores as compared to November and an increase in demand as December rolled around,” Cook told Reuters.
The strong US dollar also hurt Apple, which derives more than half its sales from outside the Americas, but the effect was less than anticipated as the dollar eased from last year’s highs. Apple had warned investors that such foreign-exchange issues would put a 10% on drag on sales but said on Thursday that the actual effect was 8%.
“I would point out that 8% is still a very severe headwind,” Cook told Reuters. “I wouldn’t want to underestimate that. We would have grown on a constant currency basis.”
On top of supply chain problems for the iPhone, Wall Street analysts had expected iPhone sales to fall this year as part of a larger pattern in which the iPhone 14 family released last year sells more slowly after two straight years of strong sales of iPhone 12 and 13 models. Apple said iPhone sales were $65.8 billion, down 8% from the year before and below analyst estimates of $68.3 billion.
The company’s services segment, which includes content businesses such as Apple TV+ and software business like the App Store, rose 6% to $20.8 billion in revenue, compared with analyst expectations of $20.7 billion, according to Refinitiv data.
Cook told Reuters that the company now has a base of 2 billion active devices, up from 1.8 billion a year ago. The company now has 935 million paid subscriptions, up from 900 million the quarter before, and that services sales set a record in several markets, including China, he said.
Sales of the company’s Mac computers, which had boomed during the wave of working from home during the pandemic, declined 29% year over year to $7.7 billion, compared with expectations of $9.6 billion, according to Refinitiv data. Apple executives had warned last year that Mac sales were likely to decline year over year because the previous year’s results included a burst of sales associated with the release of new MacBook Pro computers with Apple’s house-designed processors.
Sales of the iPad, which also saw a pandemic-related boost, grew 30% to $9.4 billion, compared with analyst expectations of $7.8 billion, according to Refinitiv data. The wearable and accessories segment, which includes the Apple Watch and AirPods, fell 8% to $13.5 billion compared with analyst estimates of $15.2 billion, according to Refinitiv data.
Cook told Reuters the iPad’s strong performance stemmed from the launch of new models and the absence of supply constraints that had hindered sales of the device a year earlier.
Apple investors are waiting to see whether the company dives into new markets this year. Technology publication The Information has reported that Apple plans to launch a mixed-reality headset that could retail for around $3,000 this year and is also working on a more affordable follow-up device.
Apple is one of the few large technology firms that has not announced major layoffs, though its ranks never grew as rapidly as that of its peers. In late 2022 it said it had 164,000 employees, up less than 20% from its 2019 headcount. By contrast, other companies such as Meta Platforms, which is laying off about 11,000 employees, had roughly doubled its headcount between 2019 and 2022.
Super Nintendo World made a splashy debut at Universal Studios Hollywood this month with its soft opening, and gamers and tourists alike raced to see what the park had to offer and to get in line to test out its highly-anticipated Mario Kart ride.
Featuring slow-moving carts painted in different colors, the augmented reality experience that places riders inside Bowser’s castle was destined to be a hit among Mario-lovers everywhere, but one detail about the ride is getting under some people’s skin.
“Nothing but wonderful things to say about Super Nintendo World except this: the body size limitations on the Mario Kart ride are absolutely ridiculous. I’ve never had any issue fitting into any ride in my entire life, and I can BARELY fit into this one. Completely absurd,” influencer Rocco Botte wrote, blasting the ride’s narrow seats on Twitter.
Another one of the ride’s critics, a Twitter user named Anna, wrote, “Can we discuss how at my biggest I would not have been able to fit on Mario Kart? A 40-inch waist line is about a size 20. Are you freaking kidding me @UniStudios? It’s a DARK RIDE.”
A statue of Bowser is seen at the entrance of the Mario Kart Bowser’s Challenge ride during a preview of Super Nintendo World at Universal Studios in Los Angeles, Calif., on Jan.13, 2023. AFP via Getty Images
“You can’t have a mario kart ride that Bowser and DK wouldn’t even be allowed on. Dumb,” a third user named Zaha wrote.
Postcast host Matt Mazany chimed in on the topic on Twitter as well, writing, “Trust me when I say ‘lose a little weight’ is not a novel suggestion. Universal has a history now of releasing new rides (Harry Potter, Life of Pets, and now Mario Kart where they don’t accommodate big people yet they WILL take full admission price from us. Seems unethical.”
TikToker David Vaughn gave his followers a heads up about the size restriction on the video-sharing platform, saying. “Unfortunately, the new Mario Kart Bowser’s Challenge attraction comes with a warning that guests whose waistline is at least 40 inches or greater may not be accommodated on the ride.”
Guests walk towards the entrance during a preview of Super Nintendo World at Universal Studios in Los Angeles, Calif., on Jan. 13, 2023. AFP via Getty Images
“Though there is a test seat at the attraction entrance, it’s frustrating that theme parks are still creating family-friendly attractions that aren’t accessible to many of their guests.”
As Vaughn’s video mentioned, Universal Studios’ website says a “test seat” is available at the entrance so visitors can test whether their size will be accommodated on the actual ride.
“This ride employs safety restraints which may restrict certain guests from riding due to body shape and size,” the guidelines read. “Guests whose waist line is at least 40 inches or greater may not be accommodated on the ride and are strongly encouraged to try the test seat provided at the entrance of the attraction to ensure their ability to ride.”
Guests eat lunch at the Toadstool Cafe during a preview of Super Nintendo World at Universal Studios in Los Angeles, Calif., on Jan. 13, 2023. AFP via Getty Images
CDC statistics show that to be a problematic number for ride goers, however, indicating that the average U.S. male scantily exceeds the 40-inch limit with a waist circumference of 40.5-inch while the average woman’s waist circumference measures 38.7-inch, leaving people to ask if the requirement is far too restrictive as some claim.
As some tweets mentioned, Universal Studios has come under fire for the same circumference issue with other rides in the past, including the popular “Harry Potter” ride.
Super Nintendo World offers more than the Mario Kart ride, however, including adorable Mario-themed pit stops, a shop chock-full of Super Mario goods, chances to meet and greet your favorite Nintendo characters and the Toadstool Café where visitors can enjoy Nintendo-themed foods.
The park’s grand opening is expected to take place on February 17.
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, product inflation and cost inflation. And it’s just that cycle keeps going. And I think, unfortunately, an inevitable byproduct of some of the Fed’s moves and as the necessary medicine we have to take to kind of cool things down and get the inflation back under control on some of these layoffs that are coming,” Simon told co-host Will Cain.
Although the labor market remains healthy and one of the few bright spots in the economy, there are signs that it is beginning to soften. In addition to a number of high-profile tech layoffs over the past month, the economy added 223,000 jobs in December, the smallest gain in two years.
Federal Reserve officials have said they expect unemployment to climb as a result of their aggressive interest rate hike campaign. Updated projections from the central bank’s December meeting show that officials expect unemployment to rise to 4.6% by the end of this year, up from the current rate of 3.5%.’
Bill Simon says this country is stuck in this loop of wage inflation, product inflation and cost inflation.Corbis via Getty Images
“Theoretically, yeah, I agree with you, Will. But the problem is, at the same time, there’s this wage inflation that’s going on. For example, last week, Walmart announced they’re raising their minimum wage, their starting wage to $14 an hour. That’s a 17% increase,” Simon replied.
“Food costs have gone up 23% in the last two years. So now, wages have gone up 17% at Walmart, 25% at Delta for pilots, 25% for the rail industry. And wage increases like that sort of counteract the employment layoffs that we’re starting to see. And so there’s a lot going on.”
The former Walmart president continued, bringing to light a unique problem that the U.S.’s immigration problem has imposed on the workforce.
Bill Simon, CEO of Walmart U.S., speaks at a the Walmart U.S. associates meeting in Fayetteville, Ark. on June 4, 2014. REUTERS
“We need workers, but we need workers we can employ that are in the country legally. What’s happening now is you’re letting people in that can’t participate in the workforce but do increase demand. So, you have increased demand driving prices up without the workforce to be able to service it. So, it’s a complicated factor. Certain inputs are trying to solve inflation, but you have counteracting forces that kind of mess that up,” he said.
Simon further warned that consumers could be in a “world of hurt” if the Biden administration does not take action on the country’s inflation issue soon.
“I think the most critical thing that’s going to happen in ’23 is we have to get this inflation under control. Another year of high single-digit, low double-digit inflation, and we’re going to be in a world of hurt because inflation hurts 100% of the population,” Simon said.
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 as @Herbalife’s response to our original 350-page presentation. Herbalife remains a pyramid scheme,” the Pershing Square Capital boss tweeted on Thursday night.
“I found the Hindenburg report highly credible and extremely well researched. @AdaniOnline response speaks volumes. Caveat emptor,” added Ackman, who after an arduous five-year battle, exited his short position on Herbalife in 2018.
Led by Gautam Adani, the world’s fourth-richest person, the sprawling Adani Group business empire has lost more than $51 billion in value in two days of trading since the damning allegations surfaced, according to Bloomberg. India’s stock market was closed for a holiday on Thursday.
Ackman said his firm was “not invested long or short in any of the Adani companies or Herbalife” at present and has not done any research to corroborate Hindenburg’s claims. He said his tweet on the subject were based on his own “judgment” rather than due diligence.
We are not invested long or short in any of the Adani companies or Herbalife, nor have we done our own independent research. You should not consider this tweet investment advice, just my judgment based on the @HindenburgRes report and the Adani response.
The Post has reached out to Adani Group and Herbalife for comment on Ackman’s remarks.
Gautam Adani is chairman of Adani Group.AFP via Getty Images
The flagship entity Adani Enterprises declined by nearly 19% in Friday trading in what was its steepest plunge since 2017. Hindenburg’s report surfaced just before Adani Enterprises embarked on a $2.5 billion share sale.
Hindenburg accused Adani of leading “the largest con in corporate history” through stock manipulation and other alleged malfeasance. The influential firm said it had taken a short position on Adani and indicated its findings were based on a two-year investigation.
Hindenburg alleged that Adani Group has engaged in a sweeping fraud. SOPA Images/LightRocket via Gett
“We have uncovered evidence of brazen accounting fraud, stock manipulation and money laundering at Adani, taking place over the course of decades,” Hindenburg claimed in the note.
Adani Group described the allegations as “baseless” and said it was exploring potential legal action against Hindenburg. The India-based corporate giant also suggested that Hindenburg had a clear financial interest in seeing its shares fall.
Gautam Adani is the world’s fourth-richest person.AP
“We are deeply disturbed by this intentional and reckless attempt by a foreign entity to mislead the investor community and the general public,” Adani Group legal officer Jatin atin Jalundhwala said in a statement.
In response, Hindenburg said Adani “hasn’t addressed a single substantive issue we raised” and that it would “welcome” a lawsuit.
“If Adani is serious, it should also file suit in the US where we operate. We have a long list of documents we would demand in a legal discovery process,” Hindenburg said.
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, Gates’ firm Breakthrough Energy Ventures, with participation from Harvest Road Group, raised $12 million for Rumin8, a climate technology company.
Rumin8 studies solutions to reducing livestock emissions, and their latest initiative identifies “anti-methanogenic properties” that can be produced efficiently and for a low cost to eventually feed to livestock.
The dietary supplement is synthetically replicated from an active ingredient found in red seaweed called bromoform, which prohibits the creation of methane.
Rumin8’s latest round of investments aims to build brand development and move the supplement toward commercialization, the press release states.
Rumin8’s latest initiative identifies “anti-methanogenic properties” that can be produced efficiently and for a low cost to eventually feed to livestock.dpa/picture alliance via Getty I
“The demand for sustainable protein has never been more apparent, which is why BEV is keenly interested in reducing methane emissions from beef and dairy,” BEV founder and managing partner Carmichael Roberts said in a statement. “Rumin8 offers a low cost, scalable toolbox that has already proven to be effective in reducing emissions. Our team will support Rumin8 in working closely with farmers to expand the reach of this solution globally.”
Gates has previously made public comments arguing that the world’s wealthiest countries should ditch beef for plant-based alternatives to fight global climate change.
In his book titled “How to Avoid a Climate Disaster,” Gates details the measures needed to eliminate greenhouse-gas emissions. The billionaire software developer and philanthropist discusses policy changes and tech innovations needed to help curb industries with the largest carbon footprints, like steel, cement and agriculture, where a third of all greenhouse gas emissions — which trap heat and warm the climate — come from livestock production.
Sources tell FOX Business’ Charlie Gasparino that Sun Valley residents are complaining that corp jets owned by moguls disrupted other flights.
Gates told MIT Tech Review in 2021 it would be almost impossible to eliminate emissions from burping cows and fertilizer to reduce methane emissions, saying that plant-based beef options are the only viable option.
Gates told MIT Tech Review in 2021 it would be almost impossible to eliminate emissions from burping cows and fertilizer to reduce methane emissions, saying that plant-based beef options are the only viable option.Getty Images
“There are all the things where they feed them different food, like there’s this one compound that gives you a 20% reduction [in methane emissions]. But sadly, those bacteria [in their digestive system that produce methane] are a necessary part of breaking down the grass. And so I don’t know if there’ll be some natural approach there. I’m afraid the synthetic [protein alternatives like plant-based burgers] will be required for at least the beef thing.”
Fox News’ Jeanette Settembre contributed to this report.
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 users see and which videos are deleted.
The proposed reorganization is part of the ByteDance-owned app’s attempt to convince US lawmakers that it is not allowing Beijing to spy on American users of the popular video-sharing platform.
TikTok has also offered to create a subsidiary, TikTok US Data Security (USDS), which would report to an outside board of directors with a “primary fiduciary responsibility” to the US government, according to The Wall Street Journal.
The USDS would hire 2,500 people to monitor the app’s safety mechanisms. None of those hired would be Chinese nationals since the subsidiary would be beholden to the Committee on Foreign Investment in the United States (CFIUS), according to the Journal.
CFIUS is a federal agency that operates under the auspices of the Treasury Department. It is tasked with reviewing transactions involving foreign investment in the US.
TikTok has been in talks with CFIUS for the past two years seeking to satisfy the Biden administration’s demands to implement safeguards that would protect Americans’ data from alleged spying.
A spokesperson for TikTok told the Journal: “We are not waiting for an agreement to be in place.”
TikTok has proposed a $1.5 billion reorganization that would allow third parties to monitor and safeguard the app’s algorithm.Getty Images
“We’ve made substantial progress on implementing that solution over the past year and look forward to completing that work to put these concerns to rest.”
If no agreement is reached, the Biden administration could force ByteDance to sell off the US division of TikTok or it could outright ban the app from the US altogether.
ByteDance has long denied allegations that TikTok conducts espionage on behalf of the Chinese government.
TikTok has exploded in popularity in recent years, particularly among Gen Z millennials who have migrated away from dominant social media rivals such as Facebook and Instagram.
It is estimated that TikTok has more than 700 million active users worldwide — some 100 million of whom are in the United States, an astronomical figure considering that the app had just 11 million American users in 2018, according to CNBC.
Liu Pengyu, a spokesperson for the Chinese embassy, told The Post: “Certain US politician’s comments are just groundless slanders.”
“The company concerned is a private enterprise that conducts business in the US in accordance with market principles and international rules and complies with US laws and regulations,” the spokesperson said.
“The US government should give it fair, just and non-discriminatory treatment.”
“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 – during a conversation with comedian Kevin Nealon on an episode of his “Club Random” podcast this month.
The HBO star said he’s unsure whether Stern will “ever leave the house” due to his well-documented fear of being exposed to the virus.
“I have a long, storied history, ups and downs with that man, and I find it so sad these days that I can’t see him because of the pandemic. We don’t agree on that,” Maher said. “Not that I think it has made us not like each other.”
A years-long rivalry between the two broadcasters has cooled in recent years – to the point that Stern appeared live on set for an episode of “Real Time” in late 2019.
Maher lamented that pandemic interrupted their newfound friendship.
“We didn’t have a good relationship for a very long time. Very bitter. And then, boy, it all changed and it just shows there’s some great things about age and getting older and wiser and mellower and smarter and we became such good friends again,” Maher said.
“I don’t think I’ll ever see him again because I don’t think he’ll ever leave the house because he’s very, very, look, I don’t want to judge it, but he’s scared of germs,” he continued.
Howard Stern appeared on Bill Maher’s show “Real Time” in late 2019.ABC via Getty Images
“People have different views about that and they’re allowed. I don’t agree with some things he said about the pandemic, I think, were very wrong. You know, ‘we shouldn’t treat people who don’t get vaccinated.’ Stuff like that,” Maher added.
Stern broadcast his SiriusXM radio show from home throughout the pandemic and, by his own admission, has rarely ventured outside. In October 2022, Page Six reported that Stern went out to dinner with a group of friends for the first time since the pandemic began.
Howard Stern is outspoken about his fear of germs.FilmMagic
Stern later described the toll the outing took on him during an episode of his show.
“I really had an exhausting weekend, emotionally, physically,” Stern said. “For the first time in two years I ventured out of the house.”
Howard Stern hosts a SiriusXM radio show.GC Images
“It was too much for me. It was too much. I haven’t been out in two years,” Stern added.
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