Reddit prices IPO at top of indicated range to raise $748 million
Social media platform Reddit, priced its initial public offering at the top of its targeted range of $31 to $34 per share on Wednesday, raising $748 million and giving the…
Wall Street banks propel Dallas to No. 2 in number of finance workers
There’e big dollars flowing into Big D. Dallas has emerged as a new financial mecca, trailing only New York in number of finance workers as Wall Street firms seek out…
Where is the CEO outrage during the ongoing war between Israel and Palestine
I hate CEO virtue-signaling. It’s often so fake and it leads to perverse outcomes. Yet if there was ever a time to indulge in it, now would be the time…
Neiman Marcus in talks to merge with luxury archrival Saks Fifth Avenue: sources
Neiman Marcus is weighing a possible deal to sell itself to archrival Saks Fifth Avenue – a once unthinkable merger of the twin titans of US luxury retailing, The Post…
Wall Street ‘egging’ on freezing egg pregnancy delays
Fertility coverage, aka “egg freezing,” has been hailed as the latest breakthrough benefit for women to break through Wall Street’s very thick glass ceiling. With egg freezing, mommy leave can…
Bank of America ends call after ‘pro-Russian’ remarks: report
Bank of America reportedly ended an online client conference earlier than planned this week after some speakers triggered an uproar by making remarks that were deemed pro-Russian. The bank nixed…
FDIC may make big banks pay to plug $23 billion hole
The Federal Deposit Insurance Corporation is reportedly mulling a plan to force the nation’s largest banks to foot the $23 billion bill it incurred for backstopping depositors who put money…
Goldman, Bank of America extend forecasts for Fed rate hikes
Goldman Sachs and Bank of America said they expect the Federal Reserve to raise interest rates three more times this year, lifting their estimates after data pointed to persistent inflation…
Bank of America customers fume over missing Zelle cash
Bank of America customers angrily took to social media to report that they were hit with negative balances for mysterious transactions that were made through the digital payments app Zelle.…