Apple inks deal to buy the ‘Netflix of magazines’

Apple has inked a deal to buy Texture, the app that has been dubbed the “Netflix of magazines.”In December, The Post reported that Texture, formerly known as Next Issue Media, was being shopped around, and had garnered interest from the tech community.The paid subscription service — a joint venture by

Shane Smith gives up the CEO role at Vice, but not the control

Shane Smith is handing over the CEO job at Vice Media — but that doesn’t mean he’s giving up control.The playboy news tycoon — under pressure over accusations of a toxic “bro culture” that has fostered a slew of complaints about sexual misconduct at the millennial news outlet — nevertheless

Trump blames trade deficit on presidents ‘from Bush 1 to present’

President Trump blamed previous administrations for allowing the United States trade deficit to balloon as he continued to make the case for his plan to impose tariffs on steel and aluminum imports a day after his economic adviser stepped down over the plan. ​ “From Bush 1 to present, our Country has

Papa John’s takes another NFL hit: Peyton Manning

The hits keep on coming for Papa John’s.Two days before the NFL dropped the pizza chain as its official sponsor last week, Peyton Manning relinquished his stake in 31 Papa John’s locations in the Denver area, the Denver Post reported Monday. Manning, who retired as the Broncos quarterback after winning

600 computers used to mine bitcoin stolen in huge heist

REYKJAVIK, Iceland — Some 600 computers used to “mine” bitcoin and other virtual currencies have been stolen from data centers in Iceland in what police say is the biggest series of thefts ever in the North Atlantic island nation. Some 11 people were arrested, including a security guard, in what Icelandic

SeaWorld CEO out as park attendance continues to sink

SeaWorld Entertainment, dogged by continuing declines in attendance at its water parks, said Tuesday that CEO Joel Manby is stepping down. Manby was hired three years ago to repair SeaWorld’s reputation that was sullied by the documentary “Blackfish.” But despite his best efforts, Manby’s last two years produced attendance declines

FedEx doesn’t agree with NRA on assault rifles but won’t cut ties

FedEx said it would allow the National Rifle Association to continue using a discount program but said it opposed sales of assault rifles. The package delivery company’s statement late Monday comes as major corporations are under pressures to sever marketing and other ties with the NRA in the aftermath

Macy’s says sales getting a boost from its Backstage outlets

Macy’s delivered better-than-expected holiday sales, saying business got a boost from its fast-growing Backstage department that sells off-price goods. The shopping-mall anchor said Tuesday that comparable sales grew 1.4 percent in the most recent quarter while revenue rose 1.8 percent to $8.67 billion. That’s “a significant trend change for

Dow tumbles nearly 300 points on new Fed chair’s comments

Wall Street just got its first glimpse of the new Fed chief — and it didn’t like what it saw. Stocks tumbled on Tuesday after Jerome Powell, who just replaced Janet Yellen as chair of the Federal Reserve, suggested he was willing to accelerate hikes in interest rates to

Popular ‘slow dating’ app debuts in the US

For daters tired of giving their lives to Tinder swipes, Europe’s “slow dating” app makes its US debut on Tuesday. The 4-year-old app — named “Once” for the number of daily matches it delivers each user — already ranks No. 1 in downloads from Google Play in its eight

Comcast offers $31 billion to buy Europe’s pay-TV giant Sky

Comcast offered to buy Sky for $31 billion in an unsolicited approach, taking on Rupert Murdoch’s Fox and Bob Iger’s Walt Disney in the battle for Europe’s biggest pay-TV group. The US cable giant, which owns NBC and Universal Pictures, said it proposed to offer 12.50 pounds per share,

New Fed chairman isn’t afraid to raise rates amid market turmoil

Jerome Powell, the new chairman of the Federal Reserve, made the case on Tuesday for raising borrowing costs even amid stock market turmoil, according to prepared remarks. Powell, who was set to make his debut before Congress on Tuesday, takes the reins at the US central bank from predecessor

Malone’s last-ditch effort to buy iHeartMedia faces uphill battle

John Malone’s 11th-hour bid for embattled radio giant iHeartMedia is likely to fall on deaf ears, a source close to the situation said. The $1.16 billion offer from Malone’s Liberty Media for a 40 percent stake in a restructured iHeart faces an uphill battle because it undervalues the owner

Does Steve Mnuchin really know this little about inflation?

Steve Mnuchin can’t be this stupid. The Treasury secretary tried to make the case last week that just because wages rise, it doesn’t mean inflation will result. “You can have wage inflation and not necessarily have inflation concerns in general,” President Trump’s appointee said to Bloomberg. The story didn’t

Cigarette kickbacks are burning small distributors

Here’s a tip: When you are giving a kickback to someone, make very sure that person isn’t part of a sting operation. This probably has never come up in your life — but you never know. The salesmen who fill New York’s candy stores with tobacco and sweets probably never

Jack Daniel’s fights possible Tennessee whiskey barrel tax

NASHVILLE, Tenn. — Jack Daniel’s is turning to state lawmakers to ensure that distillers aren’t subject to property tax on whiskey barrels in Tennessee, which the company says it hasn’t had to pay since at least the end of Prohibition eight decades ago. The whiskey giant is pushing a

Comptroller sues Wynn Resorts over handling of sex harassment accusations

State Comptroller Thomas DiNapoli is suing Wynn Resorts’ board of directors over the chain’s handling of sex harassment allegations. Since the state’s retirement funds are invested in the gambling company, DiNapoli can sue over a breach of fiduciary duty after revelations of CEO Steve Wynn’s unwanted sexual advances led

Outback Steakhouse’s service is not well-done

What’s eating investors in Outback Steakhouse? To find out, The Post recently paid a visit — and came away with a plateful of complaints. The Manhattan location of the nation’s biggest steakhouse chain — whose corporate parent, Bloomin’ Brands, has lately come under fire from activist investors for its

General Electric to restate earnings amid SEC investigation

General Electric — whose former CEO Jeff Immelt’s legacy is in tatters over a slew of scandals that have tanked the company’s stock — will restate its earnings downward for 2016 and 2017 as it adopts a new accounting standard. The updated accounting standard, which will take into account

Qualcomm wants to discuss a merger price with Broadcom

Qualcomm on Monday urged Broadcom to enter into price negotiations for the first time on Broadcom’s $117 billion offer for the company, a potential step toward a deal between the two chipmakers after almost four months of disagreement. Qualcomm said on Monday that all of Broadcom’s previous offers –

Bill Gates needs to practice what he preaches

When one of the two richest people on the planet says that he is undertaxed, it makes for intriguing, self-righteous headlines. Bill Gates of Microsoft fame is worth an estimated $90 billion (plus or minus a few billion) and has long been an advocate for higher tax rates for

Citi will refund $335M to cardholders it overcharged

Citi’s credit card customers will receive $335 million in refunds after the bank failed to lower its interest rates in accordance with the law. The refund — due to cardholders who once lapsed but then resumed making timely payments — will result in checks of about $190 apiece for

Wall Street looks for clues from tight-lipped new Fed chair

The biggest riddle on Wall Street is about the man in the middle of it. Investors on Friday scrambled to interpret the first major report issued by Jerome Powell, the new head of the Federal Reserve — and how high the central bank honcho will hike the cost of

China may be eager to sell Waldorf Astoria after seizing control

The Chinese government just took control of the Waldorf Astoria — but it doesn’t seem to be interested in revamping the lobby or improving the room service. Industry insiders say Beijing looks eager to unload the Park Avenue landmark after seizing it on Friday from Anbang, a free-spending insurance

Fewer people are upgrading their smartphones

It seems global consumers are wising up when it comes to upgrading their smartphones. Smartphone makers saw the first quarterly decline in the last three months of 2017, compared with year-earlier figures. “Global smartphone shipments declined by 9 percent, from 438.7 million units in Q4 2016 to 400.2 million in

Tech behind cryptocurrency unites with cannabis

Dude, where’s my weed? It was only a matter of time before blockchain and cannabis — two of the latest Wall Street trends shaking up the old finance guard — would join forces, the Post reports. It’s a “marriage made in heaven,” André van Regenmortel, chief marketing officer of düber

Scam artists pose as FINRA’s CEO, make investment ‘guarantees’

Robert Cook, the top boss at the Financial Industry Regulatory Authority, has been impersonated — and not in a good way. Scam artists, posing as the FINRA CEO, “guaranteed” fraudulent investments to victims — and had the audacity to put Cook at the helm of the International Monetary Fund

My online date said she wants her husband dead: reader

Dear John: In all of the commentary on renewed market volatility, there has been no mention of the “uptick rule” for short sellers. Just before the collapse of the markets in 2008, the Securities and Exchange Commission removed the long-standing requirement that to sell short, a stock must first

Could incompetence at the White House rile the market?

Dear John: Don’t you think that the continuing chaos, incompetency and unprofessionalism of the Trump administration will bring instability to the financial markets? E.S. Dear E.S.: I think that anything that causes a potential constitutional crisis in Washington will hurt the financial markets. Chaos is not welcome by people