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“Lawyers are cashing in on a bonus bonanza” Lawyers can expect to cash in on the bonus bonanza that’s been raining down on Wall Street, The Post has learned. Signing bonuses for lawyers are at a record high — with some junior partners nabbing as much as $1 million to sign on at a new…
“Citadel’s Ken Griffin is GOP’s top donor with $40M put toward midterms” Billionaire hedge fund manager Ken Griffin isn’t just investing in stocks, he’s also investing in politics — to the tune of $40 million in the upcoming midterm election cycle, according to a report. Griffin, who made more money than any other hedge fund…
“Twitter pushes back on Elon Musk’s takeover with ‘poison pill’” Twitter is putting up a fight against Elon Musk’s hostile takeover bid by offering its shareholders the opportunity to buy more company stock at a discounted rate — a defensive tactic known to investors as a “poison pill.” The move was done to make it…
“Joe Biden taps Michael Barr for Fed’s top regulation post” President Biden said Friday he plans to nominate Michael Barr, the dean of the University of Michigan’s public policy school, to be the Federal Reserve’s vice chairman of supervision. The selection of Barr comes after Biden’s first choice for the Fed post, Sarah Bloom Raskin, withdrew…
“Elon Musk can’t run Tesla effectively if he buys Twitter: analysts” Wall Street analysts are doubtful that Tesla CEO Elon Musk will be able to devote enough energy to running his electric car-making company as well as SpaceX if he takes over Twitter. Shares of Tesla fell 3.6% in trading on Thursday — just hours…
“Piano maker Steinway plans to launch IPO to go public” It might just be music to investors’ ears. Steinway, the famed 169-year-old piano maker, plans to go public. The Astoria, Queens-based musical instrument manufacturer on Thursday submitted documents to the Securities and Exchange Commission indicating that it was planning to sell shares in an initial…
“Elon Musk says he’s ‘not sure’ he’ll be able to acquire Twitter” Elon Musk suggested on Thursday that buying Twitter and taking it private may not be in the cards as the social media platform’s board of directors appears ready to throw up obstacles to thwart a hostile takeover bid from the world’s richest man….
“Bolt valuation tanks after founder slams Silicon Valley ‘mob bosses’” A multibillion-dollar tech startup whose founder made waves earlier this year when he compared Silicon Valley to a “boys’ club” full of “mob bosses” has since seen its valuation in the secondary market crumble, The Post has learned. San Francisco-based Bolt, which makes checkout payments…
“Bitcoin may plummet to $30K as tech stocks tank: analysts” Bitcoin could slump to $30,000 as the era of cheap money comes to a close and investors move cash from speculative assets to safer bets, market watchers suggest. Analysts note that cryptocurrencies are being treated by investors much the same as speculative tech stocks. While…
“Wall Street bros’ wild nights of sex, debauchery on the rise” New York men who own penthouses have a lot of pent-up energy. And they’re ready and raring to release it. Right now, as the pandemic eases and Wall Street bonuses are through the roof, finance-world princes — flush with cash — are out on…