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“#Wall Street hits record high after Trump signs fiscal aid bill” Wall Street’s main indexes hit record highs in early trading on Monday as President Donald Trump’s signing of a long-awaited $2.3 trillion pandemic aid bill bolstered bets on an economic recovery, helping financial and energy stocks. The Dow Jones Industrial Average rose 83.4 points,…
“#Danimer Scientific’s plastic technology attracts investors” Anyone who’s seen the classic 1967 film “The Graduate” starring Dustin Hoffman knows that plastics are not normally a sexy business. But a little-known plastics company set to list its shares on the New York Stock Exchange on Wednesday has Wall Street salivating — thanks to technology being eyed…
“#SoftBank launches $525M SPAC to invest in robot ‘revolution’” WeWork owner SoftBank is ramping up its investments in artificial intelligence — a move that appears to be tied to its eccentric founder’s obsession with robots taking over the earth. The Japanese conglomerate disclosed plans late Monday to raise $525 million to acquire a private company…
“#Joanna Coles eyes second SPAC with Islanders co-owner” Joanna Coles — who once ran Marie Claire and its racier sister Cosmopolitan — is reinventing herself following her departure from Hearst. In addition to Freeform show “The Bold Type,” loosely based on her days at Cosmo, Coles has joined the male-dominated world of buying companies using…
“#Stocks recover as investors await new stimulus bill” US stocks plunged and then recovered Monday as fears about a new coronavirus strain in the UK damped optimism about Congress passing a new stimulus bill. The Dow Jones industrial average tumbled as much as 423.52 points, or 1.4 percent, to 29,804.48 in early trading after British officials…
“#Stocks tumble as new COVID strain overshadows stimulus deal” US stocks were poised to plunge Monday as fears about a new coronavirus strain emerging in the UK outweighed hopes about Congress passing a new stimulus bill. Futures contracts tied to the Dow Jones industrial average tumbled 468 points, or 1.5 percent, to 29,645 as of…
“#AT&T disappointed with offers for DirecTV” AT&T’s attempt to unload DirecTV has been thrown into doubt, as the telecom giant has signaled it’s unhappy with the offers it has received for the struggling satellite-TV service, The Post has learned. Earlier this month, AT&T pushed back a deadline for final bids for DirecTV into January —…
“#Ex-Goldman Sachs exec warns of wealth gap ‘revolution’” One Wall Street power player is urging his fellow one-percenters to help close the growing wealth gap — or risk staring down pitchforks and guillotines. Ex-Goldman Sachs chief financial officer Marty Chavez sounded off on income inequality during an interview with financial news site The Business of…
“# Messari values Coinbase at $28 billion following IPO filing ” Following cryptocurrency exchange Coinbase filing a draft registration for a public offering with the United States Securities and Exchange Commission yesterday, research company Messari has valued the company at $28 billion. Messari’s model examined the company’s various business segments, such as trading, custody and…
“#Bitcoin soars past $20,000 mark to new all-time high” The price of Bitcoin surged past the $20,000 mark to a new record on Wednesday, continuing a dizzying rally for the cryptocurrency. Bitcoin surged as much as 7.2 percent to an all-time high of $20,890.11 — about two weeks after posting its last record peak on…