• ‘Summer House’ stars hosting a virtual BravoCon-inspired event

    ‘Summer House’ stars hosting a virtual BravoCon-inspired event

    Didn’t get a ticket to BravoCon last year? Now you can still hang out with a few of your favorite stars — albeit virtually — for a good cause. “Summer House” cast members Kyle Cooke, Amanda Batula and Carl Radke, the team behind Loverboy drinks, are hosting a 500-plus person Zoom fundraiser called Spritz for …
  • Disney’s earnings plunge as coronavirus shutters parks and cruise ships

    Disney’s earnings plunge as coronavirus shutters parks and cruise ships

    Disney’s earnings dived in the second quarter, including a 58 percent drop in operating incomes tied to its shuttered theme parks and cruise ships, the Mouse House said on Tuesday. The Burbank, Calif. company said that coronavirus pandemic closures, which has also delayed its summer blockbusters, have squeezed its second-quarter earnings to 60 cents a …
  • Trump wants coronavirus-hit companies to ‘work it out’ with creditors, not use fed aid

    Trump wants coronavirus-hit companies to ‘work it out’ with creditors, not use fed aid

    President Trump says he prefers that businesses struggling because of the coronavirus pandemic work with lenders — including using bankruptcy protection — to keep afloat, rather than take government aid. Trump told The Post in the Oval Office on Monday that he thought it was “very good” that J.Crew was able to reach a deal …
  • Warren Buffett fields question from Bill Murray at Berkshire meeting

    Warren Buffett fields question from Bill Murray at Berkshire meeting

    Warren Buffett took a call from comedy legend Bill Murray during Berkshire Hathaway’s virtual annual meeting on Saturday, prompting a serious discussion on income inequality. Murray, a Berkshire shareholder known for his role in films like “Caddyshack” and “Ghostbusters,” submitted his question through a moderator at this year’s remote event, according to CNBC. “This pandemic …
  • Lord & Taylor will liquidate merchandise when stores reopen

    Lord & Taylor will liquidate merchandise when stores reopen

    Venerable US retailer Lord & Taylor plans to liquidate inventory in its 38 department stores once restrictions to curb the spread of coronavirus are lifted as it braces for a bankruptcy process from which it does not expect to emerge, people familiar with the matter said on Tuesday. Lord & Taylor’s preparations to liquidate its …
  • How to pronounce X Æ A-12, the name of Elon Musk and Grimes’ baby

    How to pronounce X Æ A-12, the name of Elon Musk and Grimes’ baby

    Elon Musk and Grimes have chosen a very unconventional name for their newborn son: X Æ A-12. On Monday, after the Tesla CEO announced the birth of his child with the Canadian singer, a fan tweeted, “We need the name we literally need it.” Musk, 48, responded, “X Æ A-12 Musk,” with no explanation. He …
  • Charges filed against two alleged PPP fraudsters

    Charges filed against two alleged PPP fraudsters

    The US Justice Department on Tuesday brought its first criminal charges against people it accused of defrauding the $660 billion Paycheck Protection Program aimed at dulling the coronavirus pandemic’s heavy hit on the economy. The small-business loan program is part of an unprecedented $2.2 trillion coronavirus economic package meant to reimburse businesses and households for …
  • NBCUniversal cuts executive pay after Andy Lack’s surprise ouster

    NBCUniversal cuts executive pay after Andy Lack’s surprise ouster

    NBCUniversal is slashing salaries because of the coronavirus, a day after the broadcasting giant’s surprise ouster of NBC News chairman Andy Lack. In response to the financial fallout from the coronavirus pandemic, NBCU is cutting the pay of its senior management by 20 percent and rolling back pay increases for employees making more than $100,000, …
  • Airbnb reportedly laying off 25 percent of its workforce

    Airbnb reportedly laying off 25 percent of its workforce

    Airbnb is reportedly laying off nearly 2,000 employees due to the coronavirus pandemic — effectively slashing its headcount by 25 percent. The 1,900 workers axed by the home-sharing startup will receive a four-month pay package, as well as accelerated equity vesting and health insurance for a year, sources familiar with the matter told Reuters. CEO Brian …
  • White House Considering Winding Down Coronavirus Task Force in Coming Weeks: Report

    White House Considering Winding Down Coronavirus Task Force in Coming Weeks: Report

    The Trump administration is considering dissolving the White House coronavirus task force within several weeks, the New York Times reported Tuesday. Olivia Troye, a senior adviser to Vice President Mike Pence, has told officials on the task force to expect the group to complete its activities in the coming weeks. “We’re having conversations about that,” Pence …