A Doordash glitch gave some California delivery workers thousands of dollars in extra pay — before the company yanked the money back. Some of the delivery app’s workers saw $3,000 to $4,000 extra dollars appear in their accounts and then vanish into thin air, according to a series of online posts by employees first reported...Read More
Bill Gates’ money manager of more than 27 years allegedly made racist and sexually offensive remarks, bullied staffers and fostered a culture of fear in the workplace, former employees claimed in a new report. These former employees described Michael Larson, 61, as a cruel boss who disparaged female employees and retaliated against others who left...Read More
The number of Americans seeking new unemployment benefits continued to drop last week to a new low during the pandemic, the feds said Thursday. Initial worker filings for jobless claims, seen as a signal of layoffs, reached 406,000 last week, down from a 444,000 reported the prior week, according to data released Thursday by the...Read More
How hot is the NFT craze? It’s so hot that even Finra is trying to wrap its head around it. The Financial Industry Regulatory Authority — the non-government group that licenses broker dealers and accordingly polices it for infractions — is “taking a deep dive to understand NFTs and the implication for the regulation of...Read More
A tiny hedge fund dealt a major blow to ExxonMobil on Wednesday, unseating at least two board members in a bid to force the company’s leadership to reckon with the risk of failing to adjust its business strategy to match global efforts to combat climate change. The success by hedge fund Engine No. 1 in its...Read More
In a surprise happy ending to the city’s most convoluted luxury-hotel saga, the Times Square Edition will reopen on June 1 – even as its skyscraper home races toward foreclosure.It was just last May that the 452-room pleasure palace at Seventh Avenue and West 47th Street was scheduled to close permanently. Notice of the closure,...Read More
Iconic comedy club Caroline’s on Broadway will throw open its doors on Thursday after being dark for 14 months. The reopening — with an act headlined by comedian Donnell Rawlings — will make Caroline’s the first Times Square venue to resume live performances. Nearby Broadway theaters aren’t scheduled to reopen until September 2. “We are...Read More
The COVID-19 outbreak was a boon to Wall Street and the main pension fund for state government workers and retirees in New York state. The value of the New York State Common Retirement Fund skyrocketed by a record 33.5 percent — from $194.3 billion to $254.8 billion, state Comptroller Tom DiNapoli reports. The historic increase...Read More
JPMorgan Chase is bending over backwards to show that a pair of bankers racing to succeed Jamie Dimon are happy with the arrangement — but not everybody on Wall Street is buying it. Marianne Lake and Jennifer Piepszak — who last week were named co-heads of the mega-bank’s consumer lending and community banking businesses, effectively...Read More
Amazon founder Jeff Bezos has picked a date to step down as CEO. Bezos, who grew Amazon from an internet bookstore to an online shopping behemoth, said Wednesday that Amazon executive Andy Jassy will take over the CEO role on July 5. “We chose that date because it’s sentimental for me,” Bezos said during an...Read More
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