Business

Burning waste to make energy: How Amazon, American Airlines and Subaru are trying to get out of landfills

Burning waste to make energy: How Amazon, American Airlines and Subaru are trying to get out of landfills

In northern California’s Stanislaus County, next to a landfill, there’s a company managing waste in a very different way: by burning trash instead of burying it. The energy recovery facility run by New Jersey-based Covanta harnesses steam to make enough electricity to power 18,000 homes in the area. A portion of the waste comes from …

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The plant-based food industry is facing a reset as Beyond Meat and Oatly shares suffer

The plant-based food industry is facing a reset as Beyond Meat and Oatly shares suffer

In this photo illustration Oatly oat milk is shown on May 20, 2021 in Chicago, Illinois. Scott Olson | Getty Images Wall Street appears to be souring on plant-based substitutes. Shares of Beyond Meat and Oatly have shed more than half their value this year. The stocks are both high-profile and relative recent entrants to …

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Murray Kessler, head of formula giant Perrigo, has warned shortages of baby food could last throughout 2022

Baby formula boss warns crisis will last ALL YEAR as Biden claims it will be eased in weeks

The head of one of the four companies that control 90 percent of the U.S. market for baby formula has warned that the shortages nationwide could last until the end of the year, as President Joe Biden’s critics mocked his claim that ‘only a mind reader’ could have predicted the current crisis. On Friday CEO …

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Why is Elon Musk really putting his Twitter deal ‘on hold’?

Why is Elon Musk really putting his Twitter deal ‘on hold’?

Elon Musk cited bots when he declared the $44bn takeover of Twitter “temporarily on hold”, but not everyone is buying that explanation. The world’s richest man on Friday tweeted that he was pausing his bid as he awaited further information to confirm whether the social media company’s quarterly estimates of its fake accounts were accurate, …

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FDA, Biden ‘dropped the ball’ on baby formula crisis, experts say

FDA, Biden ‘dropped the ball’ on baby formula crisis, experts say

The FDA “dropped the ball’’ on the country’s baby-formula  crisis   —   shutting down a crucial plant on top of  product recalls and then not warning parents of the ramifications, experts told The Post on Friday.Desperate moms and dads have been trawling stores across the country in search of baby formula ever since mega-manufacturer Abbott issued a safety …

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Bitcoin's crashing. The Biden administration wants to keep it out of your 401(k).

Bitcoin’s crashing. The Biden administration wants to keep it out of your 401(k).

“The atmospherics — the YOLO and the FOMO of cryptocurrency — are our concerns,” Labor Department Acting Assistant Secretary Ali Khawar said in an interview. “Right now, you don’t know whether you’re betting on the winning horse or not. It’s very speculative.” Fidelity — one of the most prominent old-school financial giants to embrace digital …

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Biden dismisses the idea that his administration should have acted sooner on baby formula shortage

Biden dismisses the idea that his administration should have acted sooner on baby formula shortage

Following remarks in the White House Rose Garden, Biden pushed back when asked if the administration should have reacted faster to shortages of baby formula nationwide, telling CNN’s Jeremy Diamond, “If we’d been better mind readers, I guess we could have.” The President later said resolving the issue requires that the federal government “move with …

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The Union-Busting Crime Wave at Starbucks and Amazon Is Getting Worse

The Union-Busting Crime Wave at Starbucks and Amazon Is Getting Worse

The two highest-profile union drives in the United States are currently weathering an onslaught of union-busting, some of it illegal. Starbucks has been retaliating against union organizers at stores across the country, firing workers and otherwise working to isolate, demoralize, and defeat the baristas who are dead set on unionizing the company’s 8,900 US corporate-owned …

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Elon Musk says his deal to buy Twitter is on hold

Elon Musk says his deal to buy Twitter is on hold

“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk tweeted on Friday. The news initially sent Twitter shares down more than 20% in pre-market trading before the stock rebounded somewhat. Two hours after his first tweet, Musk posted that he is “still committed …

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Rivian sold Wall Street on an electric SUV. Then reality hit.

Rivian sold Wall Street on an electric SUV. Then reality hit.

Placeholder while article actions load After buying stock in Rivian — the electric vehicle maker that promised a hotly anticipated SUV or truck version of a Tesla — at $72 a share, San Francisco tech program manager Carter Gibson wasn’t thrilled when the price dropped to an all-time low of $19.25 this past week. A …

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