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“Elon Musk posts poop emoji after Twitter CEO touts handling of bots” Elon Musk responded with a poop emoji after Twitter’s chief executive insisted that the social media platform is doing everything it can to stamp out spam and bot accounts. Just days after the Tesla boss said the issue forced him to put his…
“Goldman Sachs to give senior bankers unlimited vacation: report” Senior bankers at Goldman Sachs will now have the option to take unlimited vacation days, but time off for junior staffers who have complained of brutal work weeks will remain limited, according to a report. As part of the new policy, all Goldman employees will be…
“Dow up, but stocks on track for 6th straight losing week” Wall Street found some relief on Friday as major stock indexes bounced from a brutal week of selling — but markets still ended lower for the sixth consecutive week. Rattled by a surprisingly stiff monthly inflation number and a cataclysmic selloff in cryptocurrencies this…
“Bitcoin, cryptocurrencies rebound after brutal crypto crash” Bitcoin and other cryptocurrencies rebounded Friday as investors bought the dip in hopes that the market had bottomed out after a brutal week. The world’s most popular cryptocurrency, Bitcoin, was up 5.8% over the previous 24 hours at $30,600 as of late Friday morning, while Ethereum gained 8.0%…
“Dow, Nasdaq slide on fears of prolonged inflation” Stocks ended a whipsaw session lower as worries that inflation, while it might have peaked, will remain at elevated levels and could provoke increasingly aggressive policy tightening from the Federal Reserve. The Dow plunged more than 500 points in late afternoon trading before recovering as all three…
“JPMorgan, Ford others to disclose directors’ race and gender” Four top Wall Street firms and Ford Motor will start to disclose the race and gender of individual directors under deals reached with New York City pension officials, the city’s comptroller, Brad Lander, said on Thursday, while a utility company has pushed back on the idea. According to a representative…
“Elon Musk looks to scrap Tesla loan with Twitter funding: report” Elon Musk is in talks to raise enough equity and preferred financing for his proposed buyout of Twitter to negate the need for a $6.25 billion margin loan linked to his Tesla shares, Bloomberg Law reported on Thursday. The billionaire’s advisers, led by Morgan Stanley, have begun soliciting…
“Beyond Meat shares slip below IPO price in volatile trading” Shares of Beyond Meat reversed course to gain as much as 12% in volatile trading after opening below their initial public offering price for the first time on Thursday following the vegan meat maker’s bigger quarterly loss. Shares tumbled as much as 22% to a record low of…
“AllianceBernstein’s move to Nashville saves $80M a year” Wall Street giant AllianceBernstein, which moved its headquarters from New York City to Nashville four years ago, is reaping massive savings from the relocation — but some employees aren’t thrilled, according to a report. The investment behemoth, with $685 billion under management, has moved over 1,000 jobs…
“Citi to overhaul London team linked to ‘flash crash’: report” Jane Fraser’s Citigroup is overhauling the leadership of one of the teams linked to a “flash crash” that sent European stock markets tumbling this month, three sources told Reuters. Citi is looking to name a new Head of Forward Trading in its Delta One operations based at…