NY Post - Business
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Top Honda exec Shinji Aoyama forced out after ‘allegation of inappropriate conduct’
Aoyama joined Honda in 1986. CEO Toshihiro Mibe will take a 20% salary cut for two months "in light of the seriousness" of the matter.
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Sam Altman’s OpenAI mulls buying ex-Apple design guru Jony Ive’s AI device startup for $500M: report
Ive -- best known for working with late Apple co-founder Steve Jobs on many of company’s most iconic product designs, including the iPhone -- has...
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Oil slumps to $60 a gallon — lowest price since 2021 — as recession fears mount
Oil benchmarks hit their lowest levels since 2021 as investors worried the inflationary risks of tariffs and OPEC's recent surprise supply hike...
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Airlines bracing for turbulence as Trump tariffs threaten to hit travel demand
“Bookings from Europe to America are minus 25% for the summer," Accor hotel CEO, Sebastian Bazin said.
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Boeing settles lawsuits with two 737 MAX crash victims’ families on eve of trial
The trial was set to be the first against the planemaker stemming from two fatal 737 MAX crashes in 2018 and 2019 that led to the bestselling...
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Stan Druckenmiller, Scott Bessent’s former boss, says he’s opposed to Trump tariffs exceeding 10%
Druckenmiller is widely regarded as one of the most successful money managers of his generation.
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Longtime Tesla bull slashes price target by 43% as Trump tariffs, brand crisis create ‘perfect storm’
A longtime Tesla bull has slashed his price target by 43%, arguing that a brand crisis surrounding Elon Musk’s work with the Trump administration...
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Spirit Airlines CEO Ted Christie quits — just months before he was due to get $3.8M bonus
The transition comes as the Florida-based low-cost carrier continues to grapple with financial woes and ongoing restructuring efforts.
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US stocks nosedive, with S&P 500 entering bear territory as global tariff rout worsens
Investors had been hoping for foreign nations to rush to the negotiating table so the US could avoid the impact from President Donald Trump's...
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Jamie Dimon warns Trump tariffs could reheat inflation, slow growth: ‘The quicker this issue is resolved, the better’
In his annual letter to shareholders, the longtime CEO warned of several possible negative effects from President Donald Trump’s hefty new tariffs.
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Bill Ackman warns world is on brink of ‘self-induced economic nuclear winter,’ begs Trump to pause tariffs
Billionaire fund manager Bill Ackman, who endorsed Donald Trump's run for President, said the US leader was losing the confidence of business...
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China car giant BYD poses major threat to Tesla and Detroit’s Big 3 — and tariffs could make it worse
“As the words came out of Trump’s mouth, they were probably drinking champagne in BYD headquarters,” Ives told The Post. “It accelerates BYD’s...