Protesters who have been blockading the entrance of Citigroup’s New York City headquarters for more than a month claim they were shoved by one of the banking giant’s top lawyers in a violent scuffle caught on video — but the bank denies any wrongdoing by any of its employees.Shocking footage of the incident obtained by The Post, which has also been circulating in edited form on Instagram, shows a man in a blue, button-down dress shirt and jeans pushing against a line of protesters who are holding what looks ...

Legal teams for Tesla and a shareholder clashed in court on Monday over the value of a lawsuit that successfully challenged CEO Elon Musk’s enormous pay package and a request for the company to pay a record legal fee worth $7 billion.For more than three hours, two experts offered opposing testimony about the benefit created for Tesla by a Delaware judge’s January ruling that rescinded Musk’s $56-billion pay package.The legal fee is being pursued by Richard Tornetta, who owned nine shares of Tesla when he su ...

Tesla shares surged nearly 10% Tuesday after billionaire Elon Musk’s firm reported better-than-expected vehicle delivery numbers in the second quarter.The company delivered a total of 443,956 cars — a figure that marked a 4.8% decline from the same period one year ago. However, deliveries were still better than the consensus estimate of 439,000, according to FactSet data.Tesla’s flagship Model 3 Sedan and Model Y SUV comprised the overwhelmingly bulk of deliveries. 3 Tesla recently issued a pair of recal ...

Meta was charged Monday with violating Europe’s sweeping tech competition law by forcing customers into a restrictive “pay or consent” model for ads on Instagram and Facebook — escalating a longstanding beef over user privacy.Billionaire Mark Zuckerberg’s firm rankled regulators by rolling out a subscription service last year in which users could pay the equivalent of $14 per month for an ad-free experience on the apps – or consent to Meta using their personal data for targeted ads.If Meta is confirmed to h ...

Nike will start selling some sneakers that are priced at under $100 after its dismal sales forecast sent shares plummeting, the sportwear giant said Friday.The company rolled the new plan to boost its bottom line after telling analysts that fiscal year 2025 sales will likely to decline during its quarterly earnings report Thursday.The forecast for a surprise drop in annual sales by mid-single digits amplified investor concerns about the pace of Nike’s efforts to stem market share losses to upstart brands su ...

Apple’s smartphone shipments in China rose nearly 40% in May from a year earlier, extending a rebound seen in April, data from a research firm affiliated with the Chinese government showed Friday.Shipments of foreign-branded phones in China increased by 1.425 million in May to 5.028 million units from 3.603 million a year earlier, calculations based on the data from the China Academy of Information and Communications Technology (CAICT) showed.Although the data did not explicitly mention Apple, the company i ...

Nike on Thursday forecast a surprise drop in fiscal 2025 sales, after disappointing fourth-quarter sales laid bare the company’s weakening market share and its faltering direct-to-consumer strategy.Shares of the company were down 12% in extended trading after Nike also forecast a wider-than-expected drop in first-quarter revenue.The company’s efforts to drive more sales through its direct-to-consumer channel have failed to reap rewards as customers turn more picky about non-essential spending and splurge on ...

Target plans to crack down on retail theft by lowering the threshold for how much shoplifters can swipe before employees are allowed to finally step in, according to a report.The Minnesota-based big box retail chain — which has blamed retail theft for hurting its bottom line — instructed store staff to halt bandits who try to flee with items totaling $50, down from the previous sum of $100, Bloomberg News reported Thursday.“Our priority remains ensuring the safety of the team and guests, while maintaining t ...

US investigators on Thursday sanctioned Boeing for revealing details of a probe into a 737 MAX midair blowout and said they would refer its conduct to the Justice Department, prompting the embattled planemaker to issue an apology.The National Transportation Safety Board said Boeing had “blatantly violated” its rules by providing “non-public investigative information” and speculating about possible causes of the Jan. 5 Alaska Airlines door-plug emergency during a factory tour attended by dozens of journalist ...

A US appeals court on Thursday revived a software engineer’s proposed class action claiming Meta Platforms refused to hire him because it preferred to give jobs to foreign workers who are paid less wages.The San Francisco-based 9th US Circuit Court of Appeals in a 2-1 ruling said that a Civil War-era law barring discrimination in contracts based on “alienage” extends to bias against US citizens.The decision reverses a California federal judge’s dismissal of a lawsuit by Purushothaman Rajaram, a naturalized ...