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Free markets have allowed the West to have unprecedented economic growth and send standards of living up and up, year after year. We often forget that things that we consider everyday items now, not even the richest among us possessed 100 years ago. John D. Rockefeller was one of the richest men to ever live, …
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Even The Big Board appears to agree that the IPO business is in trouble. After turning down a similar rule change in December, the Securities and Exchange Commission on Wednesday OK’d an application from the New York Stock Exchange to change how direct listings can be done on the country’s largest ticker temple. Companies looking …
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Amazon has unveiled its next move in its quest to eliminate the supermarket checkout line. The e-commerce giant on Thursday said it is opening a high-tech supermarket in Los Angeles which will be equipped with sensors and cameras that will allow customers with shopping carts to walk out without stopping to pay a cashier. The …
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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 …
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Trader Joe’s scrapped plans to abandon its ethnic food brands days after pledging to ditch them amid charges of racism. The discount grocer says it may now keep some of the controversial names it has slapped on foreign foods for decades if they sell well enough and customers continue to appreciate them. “Recently we have …
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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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German-owned supermarket chain Aldi — a deep-discounting cousin of the popular Trader Joe’s supermarket chain — says it will open more than 70 new US stores by the end of the year in its quest to become America’s third-largest grocer. Aldi’s US arm is forging ahead with a more than $5 billion expansion plan despite …
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The company that drove Dean & Deluca into bankruptcy is offering $10 million for another shot at running the gourmet grocer, The Post has learned. Thailand-based real estate company, Pace Development, which sunk millions into a failed Dean & Deluca expansion before filing for Chapter 11 bankruptcy protection in April, outlined its plan for a …
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Grocery conglomerate Albertsons expects to raise up to $1.3 billion when it goes public amid a coronavirus-related sales boom. Some of the Idaho-based company’s stockholders will sell 65.8 million shares at $18 to $20 apiece in the upcoming initial public offering, Albertsons said Thursday. The high end of that price range would value Albertsons at …
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Publix Supermarkets has reportedly banned Black Lives Matter garb in the workplace. The company received backlash after a teenage employee in Florida said he was sent home for wearing the letters “BLM” written on his face mask. According to the boy, a district manager has since contacted him to explain their position. “He doesn’t know …
Free markets have allowed the West to have unprecedented economic growth and send standards of living up and up, year after year. We often forget that things that we consider everyday items now, not even the richest among us possessed 100 years ago. John D. Rockefeller was one of the richest men to ever live, …
