Elon Musk’s firm, xAI, is reportedly in advanced talks to raise $15 billion in new equity – after the billionaire last week slammed a CNBC report about the funding round as “false.” The deal would hike xAI’s valuation to $230 billion, people familiar with the plans told the Wall Street Journal. That’s a strong jump … Read more
The Biden administration funneled at least $20 billion dollars into environmental groups, most of which had only recently been founded, The Post has discovered. In one case, former Vice President Kamala Harris handed over a check for nearly $7 billion to Bethesda, Maryland, based group Climate United Fund, which does not appear in the IRS’s … Read more
The devastating Los Angeles wildfires that have killed more than two dozen people and forced more than 150,000 residents from Malibu to the San Fernando Valley to flee are now threatening the local restaurant industry. Several local eateries were wiped out entirely by the Eaton and Palisades fires while others have seen a dramatic fall … Read more
Several workers at Los Angeles-based asset management firms, which in total oversee more than $4 trillion, are scrambling to find new homes — and some of the businesses are seeking new headquarters — after the California wildfires destroyed their properties. Anacapa Advisors, a $60.5 million hedge fund, moved into a new four-story office building in … Read more
A union representing Starbucks workers accused java giant of putting profits ahead of safety by requiring Los Angeles-area baristas to report to work despite the fast-spreading wildfires that have devastated several communities. Starbucks Workers United, which represents staffers at some 500 stores nationwide, posted videos on its official social media channels showing flames raging dangerously … Read more
Big Apple eateries say a new “char broil” rule is totally half-baked. The city’s environmental cops could force restaurants that use char broilers to cut their smoky emissions by 75% — or figure out a new way to cook meat and fish. Restaurants that char-broil more than 875 pounds of meat per week would be … Read more
The devastating fires ripping across Los Angeles could cause more than $50 billion in damages – making them the most costly in state history, according to a report. Five wildfires are currently tearing through Santa Monica, Malibu and other areas in Los Angeles County that are home to some of the country’s priciest real estate … Read more
CES, the yearly confab for tech heads in Las Vegas, has always been a must-attend for gadget geeks — and 2024 is no exception. There are robo-vacuums and robo-lawn mowers. There are superfast phone chargers that look like toasters. And of course, there are robot dogs — some of them furry and cuddly, and some … Read more
New York City’s food industry leaders begged Gov. Kathy Hochul for an exemption from her controversial congestion pricing plan – warning that the fee will lead to higher prices for consumers. A coalition of more than 100 businesses and associations – including restaurateurs, distributors, food banks and businesses such as Baldor Specialty Foods and Acme … Read more
Takata filed for bankruptcy amid “the largest and most complex safety recall in U.S. history,” according to the National Highway Traffic Safety Administration (NHTSA). Not only did the recall cost the Japanese automotive parts company billions of dollars, but the duration of this recall added to its complexity. The recall did not take a couple … Read more