Didi Chuxing, China’s biggest ride-hailing firm, on Thursday made public its filing for a US stock market listing, setting the stage for what is expected to be the world’s biggest initial public offering this year. The company – backed by Asia’s largest technology investment firms, SoftBank, Alibaba and Tencent – did not reveal the size of...Read More
Goldman insiders have two things to groan about this weekend: Goldman Sachs CEO David Solomon’s back-to-work plan and his musical alter ego “DJ D-Sol.” Solomon, who spins records as a DJ in addition to running the Wall Street behemoth, has announced plans to release a new single titled “Learn to Love Me” on Friday —...Read More
The latest “meme stock” doesn’t sell video games or own a movie-theater chain — it’s a health insurance company whose founders have been accused of slapping hospital patients with exorbitant bills. Clover Health appears to have become popular with traders on Reddit this month partly because it had been a target of short seller Hindenburg...Read More
Americans hungry to return to their pre-pandemic habits better be prepared to pay top dollar. Across the board, Americans can expect to shell out 5 percent more for goods and services than they would have a year ago, the fastest rise of prices the US has seen since the summer of 2008. And there’s no...Read More
Sinclair Broadcast Group is quietly raising money for a new service to stream Major League Baseball, National Basketball Association and National Hockey League games to fans over the Internet, The Post has learned. The publicly traded media company — which owns exclusive rights to broadcast games for teams like the St. Louis Cardinals and the...Read More
The former top digital executive at Tribune Publishing, who left last September, has landed as the chief product officer of TheWrap, a Hollywood online news site. Dan Strauss, based in Los Angeles, had been the senior vice president and general manager of entertainment and lifestyle at the Los Angeles Times starting in November 2017, but...Read More
GameStop reported better than expected earnings this week — but its numbers were overshadowed by a disclosure that the Securities and Exchange Commission was investigating its trading practices. The company reported on Wednesday a 25 percent increase in sales in their first fiscal quarter and revenue of $1.28 billion — up from $1.02 billion a...Read More
Fraudsters may have plundered as much as half of the unemployment benefits that the US pumped out in a hurry during the pandemic. Blake Hall, CEO of ID.me, a fraud prevention service, told Axios that the US has lost more than $400 billion to crooked claims. The US may have been robbed of as much...Read More
China’s crackdown on cryptocurrencies is heating up with a series of arrests that suggest digital currency users can be traced. More than 1,100 people who allegedly used cryptocurrencies to launder profits from frauds were arrested Wednesday, the country’s Ministry of Public Security said in a statement. The busts involved 170 criminal groups who authorities say...Read More
The number of Americans seeking new unemployment benefits fell again last week to a fresh pandemic low, the feds said Thursday. Initial worker filings for jobless claims, seen as a proxy for layoffs, reached 376,000 last week, down from 385,000 reported the prior week, according to data released Thursday by the Labor Department. It’s the sixth...Read More
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