The pandemic version of the “Freshman 15” is proving an unexpected boon to many diet companies. Publicly traded weight-loss companies like Medifast and Oprah Winfrey’s WW International were clobbered when coronavirus lockdowns forced Americans from New York to California to hunker down back in March. Medifast’s stock on March 17 plummeted 53 percent from the … Read more
Even with a coronavirus vaccine on the horizon, major manufacturers are betting big that working from home is here to stay. Major companies from Kimberly-Clark to J.M. Smucker Co. are either expanding their production of goods catering to at-home consumers or revamping it to target this group, according to a new report. It’s just the … Read more
Wall Street’s main indexes hit record highs in early trading on Monday as President Donald Trump’s signing of a long-awaited $2.3 trillion pandemic aid bill bolstered bets on an economic recovery, helping financial and energy stocks. The Dow Jones Industrial Average rose 83.4 points, or 0.28 percent, at the open to 30,283.23. The S&P 500 … Read more
A faulty ceiling fan sold by Home Depot has been recalled over blades that have been flying off, according to a new warning. More than 190,000 of the fans made by Hampton Bay have been purchased this year and 47 incidents of blades detaching were reported, the Consumer Product Safety Commission said. At least two … Read more
“Wonder Woman” is a knockout at the box office. Released on Christmas Day, “Wonder Woman 1984” was the highest box office opening of the pandemic, hauling in $16.7 million in ticket sales in the US and $36.1 million globally, according to Warner Bros. The sequel to the 2017 hit starring Gal Gadot was released in … Read more
Shirley Young — a prominent Chinese-American who began in marketing in New York City and ended up helping to transform business relations between China and the US — has died, her family said Sunday. Young, 85, passed away Saturday night, one of her sons, David Hsieh, told The Post. “She was a real trailblazer,” Hsieh … Read more
Landlords are praying that the launch of COVID-19 vaccines will finally send more employees back to their desks after the turn of the year. But there’s little movement so far, and some big tenants have hit the pause button on previously planned returns as they await the vaccines’ full-scale rollout. Apple CEO Tim Cook recently … Read more
Anyone who’s seen the classic 1967 film “The Graduate” starring Dustin Hoffman knows that plastics are not normally a sexy business. But a little-known plastics company set to list its shares on the New York Stock Exchange on Wednesday has Wall Street salivating — thanks to technology being eyed by major companies like PepsiCo and … Read more
A politically charged standoff over an Italian aerospace giant’s convicted fraudster CEO is now threatening to hit America’s shores. Leonardo SpA — a massive defense contractor that sells everything from missiles to cybersecurity services — is considering a stock listing for its US subsidiary, Leonardo DRS, which does business with the Pentagon. The IPO talks … Read more
Apple is giving some small iOS app developers a surprise Christmas present. The iPhone maker has begun rolling out its lower App Store commission rates for some creators, slashing its fees on in-app purchases from 30 percent to 15 percent. Apple had announced its plan to slash the rates for apps that pull in less … Read more