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Goldman Sachs has seen two employees test positive for COVID-19 in the last two weeks — just as the megabank has begun to prod workers back into the office, sources told The Post. One of the cases appears to have affected Goldman’s trading operation, and the bank has sent some workers in that division home …
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British billionaire Richard Branson is getting in on Wall Street’s hottest trend: creating a company just to buy another one. The Virgin Group tycoon has founded a blank-check company called VG Acquisition Corp. that plans to raise up to $460 million through an initial public offering, securities records show. The firm is a special purpose …
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The coronavirus will likely leave a permanent mark on the world’s largest asset management company, and CEO Larry Fink isn’t thrilled about it. “I don’t believe BlackRock will be ever 100 percent back in office,” the New York company’s billionaire chairman and chief executive revealed on Thursday. “I actually believe maybe 60 percent or 70 …
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Kodak’s stock price soared Wednesday after an investigation cleared company bosses of insider trading allegations stemming from its attempted pivot to pharmaceuticals. Shares in the onetime photography giant surged as much as 83 percent to $11.40 in early trading following the Tuesday release of a report from the law firm Akin Gump, which Kodak’s board …
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Jamie Dimon’s back-to-the-office push despite the pandemic has already run into trouble. JPMorgan Chase was forced to send some workers its New York City headquarters home this week after an employee in the bank’s equities trading and sales division tested positive for the deadly coronavirus, sources told The Post. An insider said the banking giant …
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JPMorgan Chase executives told senior employees of the bank’s sales and trading operation that they and their teams must return to the office by Sept. 21, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Trading chief Troy Rohrbaugh and Marc Badrichani, the bank’s global head of sales and research, delivered …
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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 …
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David Graeber, who helped organize the Occupy Wall Street movement, has died in Venice, his agent said. He was 59. A professor of anthropology at the London School of Economics, Graeber studied anarchism and anti-capitalist movements, and challenged the world to respond to the plight of Kurds in the Middle East. “David was a hugely …
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The wild ride that is Kodak’s stock market performance appears far from over. The company’s stock shot up by 65 percent on Tuesday after news broke that New York-based hedge fund D.E. Shaw had built up a 5.2 percent stake in the moribund camera technology firm. Word of D.E. Shaw’s stake, disclosed in a regulatory …
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Apple’s App Store rebellion is growing. A week after “Fortnite” maker Epic Games sued Apple for booting its mega-popular game off the App Store when it tried to circumvent the company’s steep 30 percent cut of all in-app purchases, major news publishers are banding together to seek more favorable terms on commissions. In a letter …
Goldman Sachs has seen two employees test positive for COVID-19 in the last two weeks — just as the megabank has begun to prod workers back into the office, sources told The Post. One of the cases appears to have affected Goldman’s trading operation, and the bank has sent some workers in that division home …
