The trading app that’s become synonymous with the “Reddit rally” is about to open the kimono. Robinhood Markets Inc. expects to publicly file key financial data with the Securities and Exchange Commission next week ahead of its planned initial public offering in June, Bloomberg reported. The planned S-1 filing will provide the first glimpse into...Read More
A Tennessee congressman jumped into the Dogecoin craze — and reaped a windfall on the risky, canine-themed cryptocurrency, government documents show. In early April, US Rep. Mark Green (R-Tenn.) made two purchases of Dogecoin that were each worth between $1,000 and $15,000 at the time, according to public disclosures on investments that are required for...Read More
Crypto trading platform Coinbase said Wednesday that it’s experiencing outages for some users as Bitcoin and other digital coins tanked in a massive sell-off. “We’re seeing some issues on Coinbase and Coinbase Pro and we’re aware some features may not be functioning completely normal,” the company said in a statement. “We’re investigating what’s going on...Read More
A conservative group has launched a massive $1 million advertising campaign to “name and shame” companies and executives for putting “woke politics over consumer interests.” Consumers’ Research, a right-leaning consumer protection group, said the initial launch of its campaign will target Nike, Coca-Cola and American Airlines. The video ads will run nationally across cable TV...Read More
As the ink begins to dry on the mega merger between AT&T’s WarnerMedia and Discovery, two big questions have surfaced: 1) Who will run their new powerhouse streaming service, and 2) How much will it cost to get rid of the current guy? Kevin Mayer — who left the helm of Disney’s streaming juggernaut last...Read More
The New York City construction industry lost 74,000 jobs and $9.8 billion in activity last year during shutdowns triggered by the coronavirus pandemic, according to a new study by an industry group — which is urging lawmakers to take action to get hard hats back to work. The COVID-19 safety restrictions that closed job sites...Read More
Morton Williams customers are sharply divided over the grocery chain’s decision to no longer require vaccinated shoppers and employees to wear masks — a scenario that’s likely playing out at retail establishments across the country. The controversy kicked off on Monday when the popular supermarket emailed customers about its decision to comply with the new...Read More
Investors are estimated to have lost $930 million on their short positions in meme stocks GameStop and AMC Entertainment over the last five trading days, data from financial analytics firm Ortex showed on Tuesday. Shares in GameStop, which was at the heart of the so-called “stonks” retail trading mania earlier this year, have risen by a...Read More
Tesla may be misleading consumers by advertising its vehicles as “self-driving,” according to California authorities. The state’s Department of Motor Vehicles is reviewing whether the Elon Musk-owned electric automaker is violating a law that prohibits advertising vehicles as autonomous unless the vehicle meets strict regulatory criteria. A DMV spokesperson told The Post on Tuesday that...Read More
New York Attorney General Letitia James has threatened to sue photography company Eastman Kodak and its CEO over alleged insider trading, the company revealed Monday. The expected lawsuit focuses on a stock purchase made by the company’s top executive, Jim Continenza, ahead of a since-derailed $765 million deal with the US government to produce drug...Read More
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