Stock indexes fall on Omicron worries, Biden investment bill blow

Stock indexes fall on Omicron worries, Biden investment bill blow

US stock indexes fell more than 1 percent on Monday, dragged down by concerns about the impact of tighter COVID-19 curbs on the global economy, and a potentially devastating setback to President Biden’s investment bill. Surging global infections of the Omicron coronavirus variant have sparked worries in financial markets as many European nations and Britain … Read more

YouTubeTV reinstates ABC, ESPN, ends dispute with Disney

YouTubeTV reinstates ABC, ESPN, ends dispute with Disney

YouTubeTV reached a new agreement with Disney, after the streaming service dropped ABC and ESPN over the weekend. YouTubeTV had been in a back-and-forth with Disney last week, threatening to stop carrying the channels across its platform, which serves roughly 3 million subscribers. The Google-owned service pulled the Disney-owned channels on Friday night, adding that … Read more

Elon Musk says he’ll pay $11B in taxes

Elon Musk says he'll pay $11B in taxes

The world’s richest man will pay his fair share of taxes after all. “For those wondering, I will pay over $11 billion in taxes this year,” Elon Musk, the chief executive of Tesla, tweeted Monday. The declaration follows his spat last week with Sen. Elizabeth Warren (D-Mass.), who slammed the billionaire for “freeloading” by not … Read more

ABC Carpet customers foot-stomping mad about undelivered goods

ABC Carpet customers foot-stomping mad about undelivered goods

ABC Carpet & Home is struggling to recover from the pandemic, with customers claiming they shelled out cash for orders that never arrived and its landlord crying foul as its Manhattan flagship falls deeper behind on rent, The Post has learned. Annette Gallo purchased a $6,000 sectional couch from the swanky home-furnishings retailer in April … Read more

Candy Cane shortage caused by COVID and supply chain issues

Candy Cane shortage caused by COVID and supply chain issues

It’s the great Candy Cane Crisis of 2021. Weakness in peppermint crops and COVID-caused logistical issues have created a problem for Big Candy. “We only received half of our candy cane order for the holiday season and sold out almost immediately. We currently have zero in stock,” Mitchell Cohen, the owner of Economy Candy on … Read more

How inflation is squeezing American families at Christmas

How inflation is squeezing American families at Christmas

BROWNSVILLE, Pennsylvania — Just before 10 a.m., cars begin pulling into the parking lot of the Country Thrift Market, a sprawling former grocery store 40 miles from Pittsburgh. Normally, folks in the area shop for gently-used clothing, toys and deeply discounted home goods here. But today is different because Santa Claus is on site along … Read more

How COVID shook up the labor market

How COVID shook up the labor market

Ali Caravella’s last day of work as a human-resources executive was on July 31, 2020, when she ­resigned from a job she had once cherished. She closed her laptop in her home office in Connecticut at 4 p.m., having replied to every e-mail in her inbox, and was struck by the strangeness of the moment. … Read more

Elizabeth Holmes believed Theranos ‘would change the world,’ defense says ahead of verdict

Elizabeth Holmes believed Theranos ‘would change the world,’ defense says ahead of verdict

Attorneys for Elizabeth Holmes made their last stand on Friday as jurors prepared to decide whether the Theranos founder is guilty of conspiracy and fraud.  Federal prosecutors have portrayed Holmes as a crook and liar who defrauded investors out of nearly $1 billion and put patients at risk by providing faulty blood tests. Holmes’ attorneys … Read more