-
TikTok — the social-media app popular with teens and at odds with lawmakers — is fast becoming a hit with investors. Private shares of TikTok parent company ByteDance Ltd. have been trading hands at prices that value the Chinese company at over $100 billion, The Post has learned. “We are seeing buyers willing to pay …
-
Sen. Kelly Loeffler gave the feds records related to her stock trades amid questions about sales she made before the coronavirus hammered global markets, according to reports. The Georgia Republican forwarded documents to the US Department of Justice, the Securities and Exchange Commission and the Senate Ethics Committee, her office told media outlets in a …
-
After an extremely rocky March, the trading app for millennials is starting May off with a bang. Menlo Park, Calif-based Robinhood announced in a blog post on Monday that it has raised $280 million in a funding round that now values the company at $8.3 billion. The company said the funding comes after it added …
-
Crude oil prices plunged below zero for the first time in history on Monday, with traders actually paying to get barrels of the stuff off their hands as the coronavirus kills demand. The May futures contract for West Texas Intermediate crude, which is set to expire Tuesday, settled at negative $37.63 per barrel, down $55.90 …
-
Sen. Kelly Loeffler is cashing out to prove that she wasn’t cashing in. The Georgia Republican announced Wednesday that she and her husband, Jeffrey Sprecher, chairman of the New York Stock Exchange, are liquidating their individual stock holdings to combat allegations of illegal insider trading. Loeffler is one of a handful of US Senators who …
-
An investor is suing Sen. Richard Burr for securities fraud connected to stock sales he made after private coronavirus briefings, court papers show. Wyndham Hotels shareholder Alan Jacobson filed the lawsuit Monday in Washington, DC, federal court, alleging that the North Carolina Republican “acted as a scofflaw in a time of national crisis” by exploiting …
-
Two more senators made hefty stock sales before the coronavirus pandemic tanked global markets, records revealed as two other lawmakers who dumped millions in shares faced mounting calls to resign. Sens. Dianne Feinstein and Jim Inhofe sold as much as $6.4 million worth of stock in the weeks before panic about the coronavirus sparked a …