Category: BUSINESS
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Credit Suisse investors sue over bank’s demise — and blame ‘toxic culture’ at NYC office
A group of Credit Suisse creditors who took some of the $17 billion hit that fueled the bank’s demise are suing its former executives — and are blaming a “toxic culture” at its New York offices. The bondholders slammed the 167-year-old financial giant for evolving from a “conservative Swiss private bank” to an institution riddled…
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Gay bar boycotts Bud Light after Anheuser-Busch ‘abandoned’ queer community in Dylan Mulvaney fiasco
A Minneapolis gay bar is reportedly dumping Bud Light beer, and Anheuser-Busch beverages citing a lack of “integrity” from the company, according to a local report. Minneapolis gay bar The Saloon is replacing Anheuser-Busch with local breweries because of the way the beer giant handled the backlash over influencer Dylan Mulvaney, Star Tribune reported Monday. “Anheuser-Busch had an…
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How much is the Abu Dhabi royal family’s net worth?
Their superyacht is so big they practice golf in it, their palace is triple the size of the Pentagon and their fleet of private jets could rival an airline. The Abu Dhabi royal family, collectively worth more than Jeff Bezos and Bill Gates combined, live a life so luxurious it’s almost beyond comprehension. The royals,…
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‘Dahmer’ producer Ryan Murphy reportedly leaving Netflix for Disney
Hit television writer and producer Ryan Murphy is planning to leave Netflix to join Walt Disney, Bloomberg News reported on Tuesday, citing people familiar with the matter. Murphy is known for his creation of hits from “Glee” to “9-1-1” and “American Horror Story” and serial-killer series “Dahmer — Monster: The Jeffrey Dahmer Story,” which became one of…
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‘Big Short’ investor Steve Eisman bets on infrastructure over tech
A “Big Short” investor who predicted the 2008 housing crisis is putting his money in “stories other than tech” — like US infrastructure, he said during an epside of Bloomberg’s “Odd Lots” podcast. Steve Eisman, the managing director of financial services company Neuberger Berman, noted the meteoric rise of construction engineering companies like Quanta Services…
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Neiman Marcus weighs possible sale of Bergdorf Goodman, entire company
Neiman Marcus is weighing a possible sale of its swanky Bergdorf Goodman stores in New York City — and may even sell the whole company — as the Dallas-based luxury chain’s owners grow increasingly alarmed over weakening finances, The Post has learned. Top executives at Neiman — whose CEO Geoffroy van Raemdonck has been blasted…
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Bud Light sales take steepest hit yet since Dylan Mulvaney fiasco
Bud Light suffered its worst weekly sales drop since the nation’s No. 1 beer brand launched an ill-fated marketing tie-up with transgender influencer Dylan Mulvaney. For the week ending June 10, Bud Light sales dropped by a whopping 26.8%, according to the latest data from Bump Williams Consulting and NielsenIQ. That’s wider than the 24.4%…
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Paramount’s BET sale in doubt as Tyler Perry balks at $3B price, sources say
Media mogul Tyler Perry refuses to cough up the $3 billion-plus that Paramount is asking in an auction of Black Entertainment Television — and the fierce haggling has begun to throw a sale into doubt, The Post has learned. The “Diary of a Mad Black Woman” star has been considered the frontrunner to win the…
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I’m a millionaire at 27 — haters thought my business idea was stupid
She proved people wrong — and made money moves. Self-made millionaire Amy Vanderputte claimed last month that she made millions at the age of 27 after launching her own business-oriented podcast, called “FastForwardAmy,” even though several people opposed the project. “One moment you’re recording your first podcast — which everyone thinks is a stupid idea,”…
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Jeffrey Epstein ate ‘like a sixth-grader’ at NYC’s fanciest restaurants with Tim Zagat
Jeffrey Epstein reportedly dined at New York City’s fanciest hot spots with restaurant guidebook mogul Tim Zagat — but the convicted pedophile preferred simpler fare such as burgers and peanut butter-and-jelly “like a sixth-grader,” according to a report. Stand-up comedian Bobby Slayton, who met Epstein in the early 2000s when his gal pal and convicted…