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“# Bored Ape Yacht Club is a huge mainstream hit, but is Wall Street ready for NFTs? ” Within months after its launch in April 2021, Bored Ape Yacht Club (BAYC) has become one of the main reasons Wall Street should take the emerging nonfungible token (NFT) market seriously, thanks to its recent sales turnover…
“#Citi warns US employees they’ll be fired if they don’t get COVID vaccine” Citigroup has informed employees they will be fired if they do not comply with a companywide vaccine requirement by Jan. 14, The Post has learned, with the bank establishing the most stringent vaccination policy to date for a major financial company. The…
“#Lessons of Jimmy Cayne’s Bear Stearns historic rise and fall” Jimmy Cayne is no longer a household name on Wall Street, his fame darkened by the last couple of years as CEO of the ill-fated investment bank Bear Stearns. But Cayne’s story is far more complex. It’s one of incredible achievement as well, and even…
“#Nancy Pelosi buys call options for Google, Disney stocks” Congress is in recess for the holidays — but Nancy Pelosi has kept busy playing the market. The Democratic majority leader and her husband, Paul Pelosi, recently bought millions of dollars worth of call options for stocks including Google, Salesforce, Roblox and Disney, financial disclosures published…
“#Kamala Harris asking Wall Street CEOs for advice” Vice President Kamala Harris has frequently sought guidance from well-known Wall Street executives and business leaders as the Biden administration contends with a series of policy challenges at home and abroad, according to a report Wednesday. The outreach has occurred as Harris seeks to navigate various obstacles,…
“#Former Bear Stearns CEO Jimmy Cayne dead at 87” Jimmy Cayne, the former Bear Stearns chief executive who became infamous for playing bridge and reportedly smoking marijuana rather than keeping an eye on the financial behemoth he ran, died Tuesday at 87, The Post has confirmed. Cayne’s daughter Alison Cayne confirmed his death, but declined further…
“#CEO buddies under scrutiny in $4B Zendesk and Momentive merger” Could a selfie sink a $4 billion deal? Angry shareholders are questioning whether an unpopular software merger amounts to a sweetheart deal between two CEO buddies — and they’re pointing to a smiling selfie that the pair posted together on Twitter, On The Money has…
“#Mandates, COVID spike bringing Wall Street back to square one” The Wall Street holiday party circuit is a usually great place to have some laughs and pick up a few scoops. Not this year. The scoops are fewer than usual, as are the laughs, because COVID was supposed to be over and as we know,…
“#Morgan Stanley increases employee benefit programs” Morgan Stanley is dramatically expanding its benefit programs for employees — giving new parents at least 16 weeks off and allowing some employees the ability to buy stock at a 10 percent discount, according to a report. Under the new benefits program, Morgan Stanley ups their contributions to employees’…
“# Wall Street financial advisor LionTree explores crypto payments ” Wall Street financial advisor that helped Amazon acquire MGM studios this year is exploring crypto payment options. LionTree, a popular financial advisor and investment banking firm, is looking into cryptocurrencies as a payment option. In its year-end letter, Chairman and CEO Aryeh Bourkoff talks about…