This traditional Italian eatery is taking over New York

Bakeries wouldn’t seem the obvious place for one-percenters to spend their dough.But Sant Ambroeus is not your average bake shop. Founded in Milan back in 1936, the traditional Italian eatery has spread across tonier tri-state ’hoods — Southampton, SoHo, Madison Ave. — to become the pastaria and pasticceria of choice

Twitter’s stock has fallen since Donald Trump’s election

You would think that in this politically charged environment, Twitter would be enjoying a surging stock price as engagement soars.However, since the election of President Trump, Twitter’s stock has fallen 14 percent — despite the president’s 36 million followers and his more than 35,000 messages.As a point of contention, an

Guess how old the average Amazon customer is

So, how old is the average Amazon customer?Well, in many ways it mirrors the American population.A Goldman Sachs analyst report says that as of June, the average Amazon user is 37 years old, based on ComScore data.The median age in 2015 for the US was 37.8 years old, according to

US companies spent $4T buying back their own stock

It’s the “shock” market rally —  cash-rich US companies have plunged nearly $4 trillion of their cash into buying back their stock since 2008, which is why all the stock indexes are hovering near record territory.“It has massively manipulated the market,” said Richard Bowen, the former Citi executive who blew

Westhampton oceanfront club draws a celeb crowd

This summer’s sleeper Hamptons hit is Dune Deck Beach Club, the Westhampton oceanfront enclave founded by Mike Meldman — the serial entrepreneur whose Casa Migos tequila (which he launched with George Clooney and Rande Gerber) recently sold for a cool $1 billion.Gayle King showed up for Dune Deck’s July 4

Glen Campbell’s death sparked a huge sales bump

The Wichita lineman is even more on our mind.The week following Glen Campbell’s death made the singer’s music more alive than ever.Nielsen Music reports the Arkansas farm boy posted a 4,286 percent increase in digital album sales and a 2,640 percent increase in digital track sales.Campbell’s number of airplay spins

Over 44 million people are affected by student loan debt

Now is the time to load up your car for the hours-long drive to take your child to college — with little thought given to the loans taken out back in the spring to put them in class.Nationwide, student loan debt affects more than 44 million borrowers, who owe about

Foot Locker may want to invite WWE star to all its events

Foot Locker says it is having trouble drawing crowds — but you wouldn’t know it walking by the chain’s Times Square location Friday morning.A line winding around the Broadway and 41st Street corner pulsed with excitement. A new Air Jordan from Nike, perhaps?Nope.The lineup denizens, dozens deep, were there to

Lawsuit claims Poland Spring is committing “colossal fraud’

A lawsuit claims that Poland Spring Water is deceiving consumers with evergreen labels that say their bottle contains “100 percent natural spring water” that hails from Maine.The class-action lawsuit filed Tuesday in federal court in Connecticut claims that parent company Nestle Waters North America is bottling common groundwater that doesn’t

SEC drops “London Whale’ case against two traders

Wall Street’s top regulator on Friday dropped its civil case against two JPMorgan Chase traders who attempted to hide the infamous $6.2 billion “London Whale” trading loss.The Securities and Exchange Commission decided to stop pursuing charges against Javier Martin-Artajo and Julien Grout after a third trader, a witness in the

Goldman Sachs says chances of corporate tax reform not good

Goldman Sachs is growing bearish on the Trump administration.The chances are dimming for comprehensive corporate tax reform, a campaign promise that has kept the stock market higher since November, the Wall Street Goliath said in a Friday note.“We continue to believe a tax cut is slightly more likely than not,

Judge in class-action suit has held one hearing in a year

Justice may be slow, but this is ridiculous.The Manhattan federal judge who is overseeing a class-action lawsuit against 26 financial firms for allegedly rigging US Treasury auctions last held a hearing for the case on Aug. 22, 2016, court records show.At that time, Judge Paul Gardephe questioned whether the plaintiffs,

Dow Jones plummets over fears Trump’s economic adviser will quit

Even stocks appear to be abandoning President Trump.The Dow Jones industrial average nosedived 274 points on Thursday as investors grew increasingly concerned that Trump’s toxic tongue is endangering his ambitious economic agenda.It was the second-biggest decline for the Dow this year — which had powered ahead more than 20 percent

Kalanick calls venture firm’s lawsuit a “public and personal attack’

SAN FRANCISCO — The ousted chief executive of Uber Technologies Inc. rejected a lawsuit filed against him by one of the company’s top investors as a “public and personal attack” without merit, according to court documents filed late Thursday. see also Venture capital firm Benchmark Capital, which says it owns 13 percent

Twitter makes a ton of money off Trump’s tweetstorms

President Trump’s tweetstorms may keep his beleaguered staff up at night, but they help the people who make a buck from the president’s favorite social media sleep like babies.Without Trump, Twitter Inc. could lose almost a fifth of its value, Bloomberg reported on Friday.That’s the conclusion of Monness Crespi Hardt

Carl Icahn steps down from Trump advisory role

Billionaire corporate titan Carl Icahn announced Friday that he is resigning from his role as President Trump’s “special adviser” for regulatory affairs.Icahn, 81, a fellow native of Queens, was one of the first prominent business leaders to endorse Trump’s White House bid .Icahn announced he was stepping down from the

Twitter makes a ton of money off Trump’s tweetstorms

President Trump’s tweetstorms may keep his beleaguered staff up at night, but they help the people who make a buck from the president’s favorite social media sleep like babies.Without Trump, Twitter Inc. could lose almost a fifth of its value, Bloomberg reported on Friday.That’s the conclusion of Monness Crespi Hardt

Starbucks CEO: American values are ‘hanging in the abyss’

Starbucks CEO Howard Schultz decried the hatred displayed during a white supremacist rally in Virginia over the weekend, declaring, “I know we are better than this.”“What we witnessed this past weekend is against every sense of what is right,” Schultz told employees, according to CNN Money. “My fear is not

CEO’s abrupt resignation shocks tech firm investors

Vishal Sikka, the chief executive brought in to turn around India’s Infosys three years ago, resigned suddenly on Friday, blaming a “continuous drumbeat of distractions” and a long-running row with founders over the tech firm’s strategy.The departure of Sikka, who was the first chief technology officer (CTO) at German software

Ackman’s big ADP pitch flops on Wall Street

Looks like Bill Ackman won’t be cashing this check anytime soon.The hedge-fund billionaire on Thursday delivered an elaborate slideshow presentation detailing his bullish bet on payroll processor Automatic Data Processing — only to see the stock tumble more than 5 percent.In a three-and-a-half-hour with analysts and investors, Ackman pitched his

Warren Buffett stands ground in showdown against Paul Singer

Activist investor Paul Singer thinks he has found a trump card to beat back a bid by Warren Buffett to buy a bankrupt energy company for $9 billion.Singer’s Elliott Management, which recently bought a majority slice of the last of the third level of debt of Energy Future Intermediate Holdings,

Victoria’s Secret scaling back on the hottest trend in lingerie

Victoria’s Secret is blowing off bralettes — despite the fact they’re the hottest trend in lingerie.Sales of the wireless, unstructured and mostly unpadded bras have exploded in recent seasons, as celebs like the Kardashian sisters have strapped them on to take sexy selfies and Hollywood stars like Charlize Theron have

Banks formed “cartel’, made threats against competitors: suit

Pensions representing more than 386,000 public workers across the country sued six banks on Thursday, claiming the Wall Street giants conspired for nearly two decades to inflate prices and stamp out competition in a crucial $1 trillion market.Goldman Sachs, Morgan Stanley, JP Morgan and others formed a “cartel” in order

Twitter announces deal to live-stream NASCAR races

Twitter announced another live-sports stream on Thursday — a deal to bring in-car NASCAR race camera perspectives to its 328 million monthly users.The deal marks the first time each of the 10 Monster Energy NASCAR Cup Series races can be viewed from in-car cameras, the race organization said.Terms of the

Walmart shares slide despite improving sales

Wal-Mart on Thursday reported lower quarterly margins after it cut prices and invested heavily on expanding its e-commerce operations, and its shares fell nearly 3 percent.Investors shrugged at an increase in comparable sales, which have risen for three straight years as more people shopped at the company’s stores and made

JPMorgan Chase CEO slams Trump over Charlottesville

JPMorgan Chase Chief Executive Jamie Dimon slammed President Trump on Wednesday for his “equivocation” on the bloody protests in Virginia over the weekend.“I strongly disagree with President Trump’s reaction to the events that took place in Charlottesville over the past several days,” Dimon wrote in a memo to the bank’s

Overstock looking to gain advantage with potential 2-day delivery is in advanced talks with a logistics company about outsourcing distribution and delivery — a move that would enable the e-tailer to provide two-day delivery on furniture and other bulky items, The Post has learned.Such a deal would give Overstock, which is run by e-commerce pioneer Patrick Byrne, an

What makes up Wall Street’s “wall of worry’

Today, I’ll give you some more of Wall Street’s “wall of worry” bricks that are likely to come up during the dangerous fall investing season.This wall, unlike the one President Trump pledged to construct along our southern border, is already being built with concerns about whether US equity markets can

Ackman wanted extension on board nominee submission

Bill Ackman thinks things would have been a lot easier for ADP if it just let him turn in his homework late.“Had they given us a week, I don’t think we would be in a proxy contest because I think they would have heard [w]hat we’re going to say tomorrow