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Netflix, Disney ask Canada court to stop proposed tax on streaming revenue: report

Netflix, Disney ask Canada court to stop proposed tax on streaming revenue: report

The Motion Picture Association-Canada, which represents the streamers, said last month’s order by the Canadian Radio-television and Telecommunications Commission, “exceeds the broadcast regulator’s authority and fails to recognize the billions of dollars the companies spend in Canada each year,” according to a report from Dow Jones.


JPMorgan warns customers they may have to pay for checking accounts

JPMorgan warns customers they may have to pay for checking accounts

Marianne Lake, CEO of consumer and community banking at JPMorgan Chase, pinned blame for potentially the added burden on Washington regulators — who have pushed an $8 cap on credit-card late payment fees and a $3 cap for over-drafting bank accounts.


News Corp’s OpenAI deal puts publisher on ‘cutting edge of digital age,’ CEO Robert Thomson says

News Corp’s OpenAI deal puts publisher on ‘cutting edge of digital age,’ CEO Robert Thomson says

The publishing giant’s deal with OpenAI and its CEO Sam Altman, announced in May, allows the ChatGPT creator to use current and archived content produced by News Corp-owned outlets — which also include The Wall Street Journal, The Sun and The Times of London — to answer user questions and train its AI models.


Elon Musk predicts Bill Gates will be ‘obliterated’ for shorting Tesla stock

Elon Musk predicts Bill Gates will be ‘obliterated’ for shorting Tesla stock

Musk on Tuesday took to his social media platform, X, to respond to a user who invited the mogul to comment on what he would say to so-called “Tesla bears” — a group of Wall Street investors who have long believed that the EV maker’s stock has been overvalued.


CBS sued for $5M by Emmy-winning anchor over diversity policy: ‘Too many white males’

CBS sued for $5M by Emmy-winning anchor over diversity policy: ‘Too many white males’

“McMahon was publicly recognized for her work ‘to make the station group more diverse, on both sides of the camera and in leadership positions,'” the suit said, adding that the exec — who now holds the role of CBS News CEO, replaced him with Chauncy Glover, a 37-year-old African-American anchor out of ABC’s Houston bureau.


Saks Fifth Avenue, Neiman Marcus to merge in $2.65B blockbuster deal — Amazon to acquire stake

Saks Fifth Avenue, Neiman Marcus to merge in $2.65B blockbuster deal — Amazon to acquire stake

In a surprise twist, Seattle-based Amazon — the e-tailing giant headed by billionaire Jeff Bezos — will become not only a minority investor in the new company — to be called Saks Global — but also will provide “technology and logistics services” to the merged operation, sources told The Post.


Paramount soars as Skydance reaches new deal to buy controlling stake from Redstone

Paramount soars as Skydance reaches new deal to buy controlling stake from Redstone

Skydance would pay $1.75 billion for National Amusements, which owns 77% of the voting shares of Paramount, as per the tentative agreement, three sources familiar with the matter told Reuters on Tuesday.


Labor market continues to cool as applications for unemployment benefits rise

Labor market continues to cool as applications for unemployment benefits rise

First-time applications for unemployment benefits increased last week, while the number of people on jobless rolls rose further to a 2-1/2 year high towards the end of June, consistent with a gradual cooling in the labor market.


Gotti family business ordered to clean up toxic chemicals, pay $210K fine over NYC scrap yard mess

Gotti family business ordered to clean up toxic chemicals, pay $210K fine over NYC scrap yard mess

Family businesses run by the Gottis have agreed to pay at least $210,000 in fines and clean up toxic chemicals that spewed from a Queens scrap yard they operate, according to a settlement announced Tuesday by state Attorney General Letitia James.


Car dealership losses from CDK software outage could soon reach $1 billion, study finds

Car dealership losses from CDK software outage could soon reach $1 billion, study finds

Direct losses to the auto dealerships impacted by outages at major software provider CDK Global in recent weeks could reach a collective $1 billion if the problems are not fixed soon, according to new data.


Bill Maher calls for Biden to drop out, backs Gov. Gavin Newsom as Dem candidate

Bill Maher calls for Biden to drop out, backs Gov. Gavin Newsom as Dem candidate

“Democrats could not buy, with all of George Soros’s money, the enthusiasm, engagement and interest they would get from having an open convention,” Maher said, referring to the liberal billionaire who is a frequent supporter of progressive lawmakers.


How ‘upflation’ is driving up prices for oddball products like all-body deodorant, pubic hair razors

How ‘upflation’ is driving up prices for oddball products like all-body deodorant, pubic hair razors

According to Bloomberg News, P&G posted higher than expected sales in its grooming division — a trend that the company partly attributes to the popularity of its total body shaving and hair removal products aimed at intimate areas.