Business
Mamdani’s muni bond problem is slowly worsening — here’s how it could come to a head
Hemingway said bankruptcy happens “Two ways. Gradually, then suddenly.” The same could be said for fiscal crises – a lesson that Mayor Zohran Mamdani appears to have missed while immersed in Africana Studies in college, bond experts tell On The Money.
Brent crude oil surges to $100 a barrel for first time since May after reports of Red Sea attacks
Brent crude oil on Thursday surged to $100 a barrel for the first time since May after reported Houthi attacks on vessels in the Red Sea – fueling concerns that global energy supplies could be even more badly disrupted.
Ford worker fired for allegedly stealing $8 worth of Doritos, crackers just wants old job back
A Ford assembly worker who says he was fired after being wrongfully accused of stealing less than $8 worth of Doritos and Ritz crackers is calling on his former employer to “do what’s right” and hire him back.
Bloodbath at Disney as mass layoffs hit — with animation movie giant being gutted
The Walt Disney Company has unleashed a fresh bloodbath across its entertainment empire, with Emeryville’s Pixar taking a major hit despite the blockbuster success of “Toy Story 5.”
OpenAI agent goes rogue, hacks into rival AI startup during security test
An experimental OpenAI model went rogue during an internal cybersecurity test, escaping its isolated testing environment and hacking rival AI developer Hugging Face in what the ChatGPT maker described as an unprecedented incident.
Number of Americans ‘not in the labor force’ surges to record 105.8M as total exceeds Great Recession, COVID era
The number of adults who are “not in the labor force” (NILF) surged to an all-time high in June to 105.8 million, according to figures from the Federal Reserve Bank of St. Louis.
Exclusive | Ford worker who was fired after being falsely accused of stealing a $1.95 cookie lawyers up
A Ford electrician who was fired over an alleged $1.95 cookie theft despite later proving he paid for the snack has retained a lawyer.
Exclusive | FIFA sued for ‘deceptive’ World Cup ticket sales as fat cats and well-connected hoard VIP seats
FIFA allegedly gave regular fans the idea they had a chance to sit by the pitch when they shelled out for premium World Cup tickets — but soccer’s global governing body secretly locked them out of the running, instead allocating all the best seats to corporate bigwigs and VIPs, according to a bombshell lawsuit reviewed by The Post.
NYC’s business leaders are in denial about crime in the Big Apple
Crime in the Big Apple isn’t “down” no matter how many times you read those headlines – but the city’s business community can’t seem to let go of the fantasy, On The Money has learned.
Goldman Sachs’ ex-top lawyer tells Congress that Jeffrey Epstein used her
Ex-Goldman Sachs chief legal officer Kathryn Ruemmler told Congress on Wednesday that convicted sex offender Jeffrey Epstein was a “masterful liar.”