Business

A collection of 1072 posts

Business

Takaichi triumph lifts Nikkei to 57,000, bitcoin $72,000, gold $5,000

Japan’s Nikkei 225 surged 3.4% on Monday, breaching the 57,000 level after Prime Minister Sanae Takaichi secured a "supermajority" in Sunday’s general election. The mandate cleared the way for Takaichi’s expansionary fiscal agenda, including a $135 billion stimulus package aimed at reviving the

Business

From Fishing Nets to Furniture: Turning Ocean Plastic Into Usable Products

Abandoned fishing nets—durable nylon “ghost nets” that can last for centuries—trap marine life and damage reefs. A brother-and-sister team in Spain founded Gravity Wave in 2019 to collect those nets and turn them into furniture, decorative materials and plastic pellets. “Our goal is to create value through impact,

Business

Japan Stocks Surge on Takaichi’s Landslide Election Win

Japanese stocks rallied Monday after Prime Minister Sanae Takaichi’s landslide election victory, a result seen as endorsing her expansionary fiscal agenda. The benchmark Nikkei 225 jumped 5 percent in early trading, while the broader Topix climbed by around 3 percent. Markets had largely been positioned for a Liberal Democratic

Business

Smaller IRS staff could slow refunds and customer service

The passage of President Donald Trump's "One Big Beautiful Bill" introduced sweeping tax changes — including no tax on overtime or tips and an expanded child tax credit — that will show up in many taxpayers' refunds this filing season. The average refund is set to rise

Business

Cisco CEO says it's "stupid" to interview internal candidates

Cisco CEO Chuck Robbins said he finds it "stupid" to interview internal candidates for a promotion, arguing that a 30-minute interview reveals little compared with watching people work. "What are we going to learn about them when we sit down in a room for 30 minutes and

Business

Lyn Alden: Get Ready for the Federal Reserve's 'Gradual Print'

Economist and Bitcoin advocate Lyn Alden says the Federal Reserve is entering a "gradual" era of money printing that will stimulate asset prices mildly rather than the "big print" many in the Bitcoin community expected. In her Feb. 8 investment strategy newsletter, she wrote, "My

Business

Goldman Sachs warns $80B in systematic selling could hit Bitcoin and gold

Goldman Sachs warned that systematic funds could offload tens of billions of dollars in equities in the coming weeks. Trend-following Commodity Trading Advisers (CTAs) have already hit sell signals in the S&P 500 and are expected to remain net sellers near term; the bank estimates roughly $33 billion

Business

Real estate investor borrowed from 401(k) to buy her first property

After medical school Dr. Jill Green faced about $1 million in student debt and had virtually no assets. "My net worth was negative $1 million," she said. She heard a physician couple, Kenji and Leti Asakura, describe using real estate to create extra income, enrolled in their $2,

Business

Boards tighten executive security as threats rise

Corporate boards are tightening security for top executives as concerns about threats grow. Some companies now require CEOs to use corporate aircraft for personal travel, a shift from the long-standing practice of treating personal safety as a private matter. "The risk is everywhere," said Dale Buckner, reflecting a

Business

Coin shops awash in silver and gold as refineries fill

After a wild January — when gold topped $5,300 an ounce and silver neared $120 — prices tumbled and have since stabilized in early February. "These price moves have done a lot of damage all across the line," HSBC precious metals analyst James Steel said. The swings have flooded

Business

What I learned working with Josh D'Amaro

I worked at Disney for about 15 years — from 2008 to 2016 and again from 2018 to 2024 — moving from a sales intern to roles in hospitality, global projects, and retail technology. In several positions I reported directly to Josh D'Amaro, and seeing him move from hands-on theme-park

Business

Shay Mitchell on how motherhood shapes running Béis

She’s in her Béis bag. Shay Mitchell shared how motherhood influences how she runs her successful luggage company, Béis. "I’m a lot more particular with my time," she said at her Béis Bowl Super Bowl party Saturday. "However, the Béis office is my second home,

Business

Michael Bay Files $1.5M Lawsuit Over Stolen Super Bowl Ad

Michael Bay has filed a $1.5 million lawsuit in Los Angeles, alleging Cadillac recruited him to direct its Super Bowl commercial then replaced him and used his ideas. The suit says Bay was contacted on November 28, 2025 by Dan Towriss, owner and chief executive of the new Cadillac

Business

Billionaires are leaving California for Nevada amid tax fears

California billionaires are planting roots in Nevada amid concern over a proposed wealth tax. One recent example: Don Hankey, a lifelong Californian worth about $8.2 billion, closed on a 5,000-square-foot penthouse roughly 15 miles from the Las Vegas Strip for $21 million in early January. Ivan Sher, the

Business

Canadian founder says YC's initial ban on Canadian startups was justifiable

Hassan Ismail cofounded West Tek Defense to build smart rifles, leaning on a physics background that helped with everything from design to propellant chemistry. After about three years of work, the team concluded the project wouldn’t succeed—mainly because of regulation. Finding procurement contacts involved dead links and chasing

Business

Block May Cut Up to 10% of Staff Amid Restructuring

Block Inc. has begun notifying hundreds of employees that their roles could be eliminated during annual performance reviews as the company undertakes a wider restructuring. As much as 10% of the workforce may be affected; the firm employed just under 11,000 people as of late November. The changes follow

Business

Jon Gray: bubble anxiety can make investors more cautious

Blackstone's president and COO, Jon Gray, says the current talk of market bubbles can have a silver lining. The pervasive negativity and caution, he argued, can help stop things from getting out of hand rather than letting markets run unchecked. Gray drew a distinction between the dot‑com

Business

Thomas Kaplan's 3 tips for happiness and success

Billionaire investor Thomas Kaplan says gratitude, humility, and conviction are key to a rich and happy life. He owns the world’s largest private collection of Rembrandt artworks and recently sold the drawing "Young Lion Resting" for nearly $18 million, with the proceeds going to Panthera, the big-cat

Business

Kraven's $62.1M Box Office Loss Prompts Sony to End Spider-Man Universe

Sony’s Spider-Man Universe began with Tom Hardy’s Venom films but slid after theatrical failures such as Morbius and Madame Web. The studio recovered some losses with the Venom pictures, yet that model proved unsustainable. Kraven the Hunter, released at the end of 2024, cost around $100 million to

Business

Lily Allen says these sex toys ‘changed my life’ — now on sale for Valentine’s Day

Womanizer’s Valentine’s Day sale offers up to 60% off its Pleasure Air toys, with an additional 14% off available using coupon code AFF-NYPOST. The brand counts fans such as Lily Allen and Katy Perry; Allen said the products “changed my life,” and in her autobiography “My Thoughts Exactly”

Business

Japan’s economy on election day

In her first 110 days as prime minister, Ms. Takaichi has pushed through aggressive spending programs, including a record supplementary budget, accelerated plans to increase military spending and large state-led investments in artificial intelligence and semiconductor manufacturing. A snap election on Sunday will serve in part as a referendum on

Business

Hims & Hers Withdraws Knockoff Weight-Loss Pill After Regulatory Scrutiny

Hims & Hers said it would stop selling a cheaper knockoff of Novo Nordisk’s new pill version of Wegovy after federal regulators signaled the product might be illegal. The company introduced the offering on Thursday and, the following day, announced the cancellation was made after “constructive conversations with stakeholders

Business

Washington Post publisher out days after sweeping layoffs

Will Lewis, the chief executive and publisher, announced his departure on Saturday, days after sweeping layoffs hit the legacy publication. Jeff D'Onofrio will serve as interim CEO and publisher, effective February 7. D'Onofrio said the publication's resolute commitment to writing the first rough draft

Business

23% expect March FOMC rate cut after Warsh nomination

The number of traders expecting an interest rate cut at the March Federal Open Market Committee (FOMC) meeting has risen to 23%, following investor fears of a hawkish stance from Kevin Warsh, US President Donald Trump’s Federal Reserve chair nominee. Traders forecasting a rate cut surged nearly 5% from

Business

Washington Post C.E.O. Will Lewis Steps Down After Stormy Tenure

Will Lewis, the chief executive and publisher of The Washington Post, has stepped down, the company announced Saturday. He said he had made the difficult decision "in order to ensure the sustainable future of The Post." He will be replaced in the interim by Jeff D’Onofrio, formerly