‘Eggflation’ hammers New York, southwest states hardest
New Yorkers are shelling out big-time for their breakfast omelets as “eggflation” hammers grocery shoppers nationwide, according to fresh data released Monday. The average list...
Mets owner Steve Cohen’s hedge fund reaps $2.4B windfall
New York Mets owner Steve Cohen’s Point72 hedge fund generated more than $2.4 billion in profits for investors last year. Point72, whose headquarters are located...
Elon Musk testifies at fraud trial that Saudis wanted to take Tesla private
Elon Musk told jurors on Monday he was sure he had locked up financial support from Saudi investors in 2018 to take his electric car...
Winklevoss twins slashing 10% of Gemini’s workforce: report
Cryptocurrency exchange Gemini is slashing 10% of its headcount in what is at least the third round of layoffs in eight months, the Information reported on Monday, citing an...
Self-made millionaire claims every man should own Lamborghini by their 20s
He’s going from brags to riches. A 24-year-old self-made — or at least self-proclaimed — millionaire is under fire for declaring that every man should...
Wall Street reportedly preps for biggest round of layoffs since 2008
Banks are preparing to lay off tens of thousands of workers in an industrywide bloodbath that’s expected to become Wall Street’s largest since the 2008...
Ken Griffin’s Citadel turns record $16 billion profit
Citadel, the hedge fund run by billionaire Ken Griffin, reported a record $16 billion in profit last year — knocking off Ray Dalio’s Bridgewater as...
Microsoft planning to invest billions in ChatGPT creator
Microsoft says it is making a “multiyear, multibillion dollar investment” in the artificial intelligence startup OpenAI, maker of ChatGPT and other tools that can write readable text...
Dow jumps 300 points as battered tech sector rebounds
Wall Street ended sharply higher on Monday, powered by surging technology stocks as investors began an earnings-heavy week with a renewed enthusiasm for market leading momentum stocks that were...
Jeff Bezos may sell Washington Post to buy Commanders: investors
Does Jeff Bezos love football more than he loves newspapers? That’s a question getting tossed around the nation’s capital as its NFL franchise hits the...