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…
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 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…
Ankur Jain’s Bilt Rewards aims to disrupt America’s $700 billion residential real-estate industry — and he tells The Post he left California for New York to make it happen. Bilt, a loyalty program that gives users rewards for paying rent and spending in their neighborhood, is now valued at $3.25…
Birkenstock shares plunged more than 15% on Thursday after the sandal maker missed quarterly profit expectations on a global expansion plan that hit its margins. The Germany-based company reported an adjusted profit per share of 54 cents, below LSEG analysts’ expectations of 58 cents. The retailer reported revenue of $624.6…
CHARLOTTESVILLE, Va. — The Trump Organization wants to Make America Buzzed Again, this time with a new line of patriotic ciders announced Thursday at the brand new Trump Cidery in Charlottesville, Virginia. Right now you can only throw back a Donny Appleseed or Passionate Patriot cider at HQ, but bottling…
Subway’s $6.99 footlong sandwich deal has sparked a revolt from the chain’s biggest franchise group — which has raised concerns the discount will spark losses for cash-strapped restaurateurs, The Post has learned. Subway announced the promotion on Friday, joining the fast-food value menu wars to lure back inflation-battered consumers. Under…
Telegram CEO Pavel Durov – a tech billionaire who left his native Russia years ago after tangling with the Kremlin over free speech — was arrested at an airport in Paris on Saturday. French authorities had issued a search warrant as part of an investigation into the the 39-year-old tech…
Former President Donald Trump said that Tesla CEO Elon Musk is unlikely to serve in his Cabinet should he win a second White House term because of his extensive business obligations which include running several companies. “He wants to be involved. Now look, he’s running big businesses and all that,…
Apple will change how users choose browser options in the European Union, add a dedicated section for changing default apps, and make more apps deletable, the company said on Thursday. The iPhone maker came under pressure from regulators to make changes after the EU’s sweeping Digital Markets Act took effect on…
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