• Bill Ackman just made another massive bet on a new COVID-19 surge

    Bill Ackman just made another massive bet on a new COVID-19 surge

    Bill Ackman just placed another big bet against the credit markets as coronavirus cases surge nationwide. The billionaire investor said he has bought $8 million worth of insurance that will pay off if
  • New HBO drama ‘Industry’ takes on cutthroat finance world

    New HBO drama ‘Industry’ takes on cutthroat finance world

    The HBO workplace drama “Industry” follows several millennials entering the cutthroat world of finance.
  • British tycoon Crispin Odey drops reins at firm amid sexual assault trial

    British tycoon Crispin Odey drops reins at firm amid sexual assault trial

    A controversial British hedge fund titan is giving up control at his $3.5 billion firm as he faces courtroom allegations of sexual assault in addition to lackluster financial performance. Crispin Odey
  • You are all Charles Ponzi!

    You are all Charles Ponzi!

    A century ago, Charles Ponzi promised investors to double their capital every three months. A pattern of easy profits that has been constantly renewed since, in the form of speculative bubbles today.
  • Playboy is eyeing a return to the stock market, sources say

    Playboy is eyeing a return to the stock market, sources say

    Months after killing its iconic nudie magazine, Playboy Enterprises is eyeing a return to the stock market, The Post has learned. The company founded by Hugh Hefner 66 years ago has been talking to so-called blank-check companies about an investment to fund its push into sexual wellness products, spirits and cannabis, sources told The Post. …
  • Wall Street dreams of Goop IPO tied to ‘aspirational lifestyle’ SPAC filing

    Wall Street dreams of Goop IPO tied to ‘aspirational lifestyle’ SPAC filing

    In addition to vagina-scented candles and 18-karat gold dumbbells, Goop aficionados may soon be able to buy stock in the health and wellness retailer founded by Gwyneth Paltrow. At least that’s the chatter going around Wall Street after a monied investor launched plans for a new blank-check company focused on investing in an “aspirational lifestyle” …
  • Wall Street could empty out post-COVID-19 pandemic

    Wall Street could empty out post-COVID-19 pandemic

    Wall Street could soon become a home office and a computer. The big brokerage firms and banks that are headquartered in New York City aren’t going to admit this publicly, at least not yet. With the COVID pandemic waning here in the Big Apple, banks have announced that their return-to-work plans will begin roughly after …
  • Robinhood reportedly faces SEC probe related to deals with high-speed traders

    Robinhood reportedly faces SEC probe related to deals with high-speed traders

    Robinhood Markets faces a probe by the Securities and Exchange Commission over its early failure to fully disclose its practice of selling clients’ orders to high-speed traders, the Wall Street Journal reported Wednesday. The investigation is at an advanced stage and the company could pay a fine exceeding $10 million, the report added, citing people …
  • Free trading app Robinhood may be behind Virtu’s stellar 2Q

    Free trading app Robinhood may be behind Virtu’s stellar 2Q

    Mom-and-pop investors spending their stimulus checks on no-fee trading apps like Robinhood weren’t all winners in the June rally they fueled, but one Wall Street firm that executed their trades appears to have made out big. Virtu Financial, a $10 billion Manhattan-based provider of trading services, announced gangbuster trading income on Friday, which Wall Streeters …
  • Britney Spears’ mom files documents to be part of her finances

    Britney Spears’ mom files documents to be part of her finances

    Britney Spears’ mom, Lynne Spears, has filed legal documents to ensure she is included on decisions regarding her daughter’s finances. According to documents obtained by The Blast, Lynne, 65, filed a request with the Los Angeles County Courts on Monday to be included in any “special notice” of “all matters” having to do with Britney’s …