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Between the federal government and the Federal Reserve, about $10 trillion has been pumped into the US economy to prevent a pandemic-fueled economic collapse. Judging by the stock market, you would think we’ve sidestepped a 2008-size disaster. But stocks, at least in the short run, are rarely a good indication of what’s festering inside the …
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The Giants see Nick Gates as a starter on the offensive line. Now they are paying him like one, too. Gates signed a two-year extension Saturday worth at least $6.825 million, with bonuses and incentives that could push the value north of $10.3 million, The Post confirmed. He was set to earn $675,000 in the …
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“The Goldbergs” actor Bryan Callen has been accused of rape and sexual misconduct — claims he vociferously denies. After four women came forward to the Los Angeles Times with allegations from between 1999 and 2017, he said in a statement to the paper, “Let me be very clear: I have never raped, forced myself upon …
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Nick Mangold isn’t buying it. In Jamal Adams’ first media availability following his trade to the Seahawks, the ex-Jet said “the plan is to retire here” in Seattle. Mangold, who played all 11 of his NFL seasons with the Jets, found that ironic. The two-time first-team All-Pro center quote tweeted The Post’s story about Adams’ …
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Former Malaysian prime minister Najib Razak was convicted of corruption charges and sentenced to jail Tuesday in the first criminal trial linked to the massive 1MDB financial scandal. A judge in Kuala Lumpur found Najib guilty of seven charges he faced for allegedly receiving about $10 million from a former unit of 1Malaysia Development Berhad, …
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Goldman Sachs chief executive David Solomon let his musical alter ego rip over the weekend after finally settling long-running fraud claims against his firm for $3.9 billion. Solomon dropped his beats for a field of well-heeled Hamptonites in Water Mill, NY, on Saturday, where his electronic dance music persona, DJ D-Sol, performed for a drive-in …
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Goldman Sachs is adopting a performance review system that will grade up to 10 percent of its 39,000 employees as under-performers this year, according to an internal memo sent on Monday, potentially leading to more job cuts in 2021 than the bank has made in recent years. The Wall Street bank’s new head of human …
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The price of gold hit a new record high Monday as US-China tensions and a resurgence in the coronavirus sent investors looking for safety. The precious metal — known as a stable investment in turbulent times — climbed more than 1 percent to $1,944 an ounce. That passed the prior record of $1,921 an ounce …
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Goldman Sachs has reached a $3.9 billion settlement deal with Malaysia over its role in the massive 1MDB financial scandal, officials said Friday. The American investment bank agreed to pay $2.5 billion in cash and guaranteed the recovery of at least $1.4 billion in assets stemming from three bond sales tied to the embezzlement scam, …
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“If you put the federal government in charge of the Sahara Desert,” the economist Milton Friedman once quipped, “in five years there’d be a shortage of sand.” The U.S. Mint, to its credit, had a much longer run. The Federal Reserve, which purchases coins from the Mint and distributes them to depository institutions, announced it would begin …
Between the federal government and the Federal Reserve, about $10 trillion has been pumped into the US economy to prevent a pandemic-fueled economic collapse. Judging by the stock market, you would think we’ve sidestepped a 2008-size disaster. But stocks, at least in the short run, are rarely a good indication of what’s festering inside the …
