Lobster prices dropping as peak summer season nears

Lobster prices are dipping somewhat just before Memorial Day weekend — the unofficial start of the industry’s critical summer season. The price of lobster and seafood at large has shot up in recent years, and the price to lobster fishermen at the docks increased by about 60% last year. But lobster prices appear to be … Read more

Key inflation gauge slows to still-high 6.3% in April

An inflation gauge closely tracked by the Federal Reserve rose 6.3% in April from a year earlier, the first slowdown since November 2020 and a sign that high prices may finally be moderating, at least for now. The inflation figure the Commerce Department reported Friday was below the four-decade high of 6.6% set in March. While high … Read more

SEC probing Elon Musk’s Twitter stake purchase

The Securities and Exchange Commission is looking into Tesla Chief Executive Officer Elon Musk’s disclosure of his stake in Twitter in early April, according to a letter the agency sent to him in April. In the letter, now made public by the SEC, the regulator asks Musk why it appears he did not file required paperwork within 10 … Read more

Warner Bros. owner unhappy over deal with J.J. Abrams: report

Warner Bros.’ new corporate parent is reportedly unhappy with the returns from the Hollywood studio’s mega-deal with production company Bad Robot, which is helmed by blockbuster director J.J. Abrams. Abrams, known for directing movies like “Star Wars: The Force Awakens” and creating shows like “Alias,” inked a $250 million overall deal for Bad Robot with … Read more

Goldman Sachs CEO speaks out on Texas school shooting

Goldman Sachs CEO David Solomon is urging politicians to “come together to enact policy initiatives to make our communities safer” from gun violence. Solomon spoke out on Thursday — just two days after an 18-year-old gunman killed 19 students and two teachers during a shooting rampage at Robb Elementary School in Uvalde, Texas. Seventeen others … Read more

Apple plant’s Shanghai workers revolt over lockdowns: report

Worker unrest is on the rise at the Shanghai factory of a major supplier for Apple gadgets, with protests at times turning violent in response to draconian “COVID zero” lockdowns. Workers at the Quanta Computer plant — which makes Apple’s MacBook laptops — have been under strict lockdown for nearly two months with limited supplies … Read more

Instacart slows hiring across the company amid tech downturn

Instacart told employees Thursday that it’s slowing hiring across the entire company as the grocery delivery giant looks to weather an increasingly brutal tech downturn, The Post has learned.  The news comes two months after Instacart slashed its valuation from $40 billion to $24 billion and said it had confidentially filed for an initial public … Read more