Hospital for Special Surgery scores more room to operate

Hospital for Special Surgery scores more room to operate

The Hospital for Special Surgery is massively stretching its Upper East Side footprint with an expansion to a new tower on which Extell Development will break ground this year. Extell has long owned the full east-side blockfront of First Avenue between East 79th and 80th streets, but Gary Barnett’s prolific outfit didn’t say what it … Read more

ABC Carpet & Home is being acquired by a Persian rug dealer

ABC Carpet & Home is being acquired by a Persian rug dealer

After dozens of prospective buyers kicked the tires at bankrupt ABC Carpet & Home, the iconic New York City retailer is being sold to a Persian rug dealer, The Post has learned. A Friday auction was canceled because the little-known rug merchant — who was also the “stalking horse” bidder in a court-administered auction — … Read more

New Facebook whistleblower accuses company of ignoring hate speech

New Facebook whistleblower accuses company of ignoring hate speech

There’s more trouble in Zuck-town. A new Facebook whistleblower has reportedly emerged, dishing to US regulators that an official at the social network in 2017 blew off concerns about hate speech as a “flash in the pan,” adding that while “some legislators will get pissy” Facebook is “printing money in the basement.” The whistleblower told … Read more

Dave Chappelle says he’s willing to meet with Netflix employees

Dave Chappelle says he’s willing to meet with Netflix employees

Dave Chappelle said he’s willing to sit down with Netflix employees who organized a company walkout earlier this week in protest of controversial jokes he made in his comedy special, “The Closer.” In the show, released earlier this month, the irreverent funnyman declared “gender is a fact” and identified himself as a “TERF,” or “trans-exclusionary … Read more

These hedge funds stand to score big on Trump SPAC frenzy

These hedge funds stand to score big on Trump SPAC frenzy

With shares of Trump SPAC Digital World Acquisition Corp. soaring, a slew of hedge funds that previously reported owning shares in the company stand to win big — and at least one has already cashed in. DWAC is a special purpose acquisition company, or SPAC, otherwise known as a blank-check firm, that went public last … Read more

It’s not time to hike rates

It's not time to hike rates

Federal Reserve Chairman Jerome Powell said on Friday the U.S. central bank should begin reducing its asset purchases soon, but should not yet raise interest rates because employment is still too low and high inflation will likely abate next year as pressures from the COVID-19 pandemic fade. “I do think it’s time to taper; I don’t think … Read more

Supply chain crisis is hurting Facebook, Google and Snapchat

Supply chain crisis is hurting Facebook, Google and Snapchat

The escalating supply chain crisis isn’t just hurting manufacturers and retailers that sell goods off the shelf — it’s bleeding into the tech world.  Companies that sell everything from toys to clothes to cosmetics are having difficulty getting their products into the United States thanks to a series of bottlenecks at ports — and a … Read more