Steve Cohen stops trading for Point72 hedge fund: report
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Steve Cohen stops trading for Point72 hedge fund: report

ByNews Polite

Steve Cohen, billionaire and founder of hedge fund Point72 Asset Management, has stepped away from the trading floor and will focus on driving the firm’s growth, Bloomberg News reported Tuesday. Cohen, who remains as the hedge fund’s co-chief investment officer along with Harry Schwefel, will invest his time in mentoring and…

Consumer Price Index eases, but core inflation rises unexpectedly
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Consumer Price Index eases, but core inflation rises unexpectedly

ByNews Polite

A gauge of underlying inflation rose unexpectedly last month, clouding hopes for an outsize rate cut from the Federal Reserve when it meets next week. The Consumer Price Index rose 2.5% in August from a year earlier and 0.2% from the previous month — in line with economists’ expectations, according…

Holocaust survivor’s family sues Boar’s Head over listeria-related death
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Holocaust survivor’s family sues Boar’s Head over listeria-related death

ByNews Polite

The family of an 88-year-old Holocaust survivor who reportedly died after eating Boar’s Head deli meat contaminated with listeria has filed the first wrongful death lawsuit against the company since the nationwide outbreak. Boar’s Head’s “negligence” in distributing the “defective and unreasonably dangerous” meats without “adequate warnings of the product’s…

Boar’s Head sales plunge across NY supermarkets after listeria outbreak
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Boar’s Head sales plunge across NY supermarkets after listeria outbreak

ByNews Polite

Supermarkets and delis across New York have seen sales of Boar’s Head meats plunge as much as 30% following a deadly listeria outbreak that has been linked to the iconic cold cut brand, The Post has learned. New York has been especially hard hit as the state health department investigates…

Intel CEO to pitch board on plans to shed assets, cut costs, source says
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Intel CEO to pitch board on plans to shed assets, cut costs, source says

ByNews Polite

Intel CEO Pat Gelsinger and key executives are expected to present a plan later this month to the company’s board of directors to slice off unnecessary businesses and revamp capital spending, according to a source familiar with the matter, as they try to revive the once-dominant chipmaker’s fortunes. The plan…

Media-shy Kamala Harris will likely find an excuse to skip Al Smith Dinner – and avoid run-in with Trump
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Media-shy Kamala Harris will likely find an excuse to skip Al Smith Dinner – and avoid run-in with Trump

ByNews Polite

As Donald Trump and Kamala Harris debate over how many presidential debates they will have before Election Day, they may soon meet face-to-face at a more unusual venue: The annualAl Smith Dinner in New York City.  The event, in its 79th year, begins with Timothy Cardinal Dolan of the New York…

Amazon hopes selling through Instagram, Facebook, TikTok will spur growth
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Amazon hopes selling through Instagram, Facebook, TikTok will spur growth

ByNews Polite

Amazon is hopeful that selling its goods through TikTok, Facebook, Instagram and Snapchat will reignite sluggish e-commerce growth as American shoppers pare back spending in a hyper-inflationary environment. The Seattle-based online retailer held two years of high-stakes negotiations with the CEOs of other tech giants, which culminated in a partnership…