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“NYC bagel CEO Jay Rushin dishes on New Yorkers’ favorite flavor” New Yorkers’ top bagel choice is as plain as day. The CEO of H&H Bagels served up stats on favorite flavors ahead of National Bagel Day on Jan. 15. “Plain and everything are by far the biggest volume,” Jay Rushin told The Post. “Then…
“Dow jumps as December jobs report eases rate worries” Wall Street’s main indexes closed higher on Friday on news that while US payrolls expanded more than expected, wage increases slowed and services activity contracted, easing worries about the Federal Reserve’s interest rate hiking path. The Dow Jones Industrial Average soared 700.53 points, or 2.1%, to 33,630.61,…
“Goldman Sachs bankers ‘bummed’ over loss of free coffee perk” A coffee barista set up a table outside Goldman Sachs headquarters this week to promote his fledgling java brand — and he claims he and his colleagues got an earful from the mega-bank’s caffeine-starved bankers. “You’re back! Thank God!” one Goldman employee exclaimed Thursday morning…
“Dow slides on hot jobs data, hawkish Fed comments” Wall Street’s main indexes closed more than 1% lower on Thursday as fresh evidence of a tight labor market ate away at any hopes investors had that the Federal Reserve could pause its rating hiking cycle anytime soon as it keeps focused on inflation. The Dow Jones…
“Goldman Sachs yanks free coffee perk as layoffs loom” Goldman Sachs bankers — many of them already jittery over the prospect of getting fired — were greeted with a cold slap as they returned to work on Tuesday: crappy coffee that was no longer free. As the rank and file filtered into the mega-bank’s posh…
“Tesla shares plunge 10% to start 2023 on weak demand worries” Tesla shares kicked off 2023 with a 10% drop on Tuesday, extending a selloff from their worst year on growing worries about weakening demand and logistical problems that have hampered deliveries. The latest slide came after the world’s most valuable automaker missed estimates for fourth-quarter…
“Putin’s Wall Street pals, Democrats’ brand in tatters, and more commentary” Energy desk: Putin’s Wall Street Pals It’s clear 2022 brought “an end to an era of illusions,” with the post-Cold War era’s close, “the first energy crisis of the enforced energy transition to net zero” and “environmental, social, and governance (ESG) investing down to…
“Goldman Sachs grumbling grows for bank to sack CEO David Solomon” The knives are out for Goldman Sachs CEO David Solomon, and this time the people brandishing them aren’t the usual suspects — his junior staffers annoyed that they have to work late or come into the office several times a week. Solomon’s problems are…
“Goldman Sachs to lay off as many as 4,000 employees: report” Goldman Sachs is planning to cut as many as 4,000 “low performing” staffers as it looks to shed costs during a profitability crunch, according to a report Friday. Top brass has reportedly asked managers to identify struggling employees for potential cuts, Semafor reported, citing…
“Dow tumbles more than 700 points on angst over hawkish Fed” Wall Street’s main stock indexes slid more than 2% on Thursday as the Federal Reserve’s guidance to stick to protracted policy tightening quelled hopes of the rate-hike cycle ending anytime soon. The Dow Jones Industrial Average tumbled 727 points, or 2.1%, at 33,238, the S&P 500 was down…