Americans continue to quit their jobs at near-record rates, with 4.3 million people handing in their resignations in January, the government said Wednesday. Economists have pointed to a tight labor market for driving the so-called “Great Resignation” — but workers themselves blame bad pay, bad opportunities and bad bosses. The …
Read More »Inflation does not discriminate. Just like it’s squeezing everybody’s wallet, it’s hitting almost every investment in a retirement account. Stocks have been shaky this year, with the S&P 500 at one point dropping more than 10% from its record, mostly because of inflation worries. Bond prices have also tumbled. Before …
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Pablo, meet crypto. Heirs of Pablo Picasso, the famed 20th-century Spanish artist, are vaulting into 21st-century commerce by selling 1,010 digital art pieces of one of his ceramic works that has never before been seen publicly — riding a fad for “crypto” assets that have taken the art and financial …
Read More »Shares of Rivian Automotive soared as much as 37% on their first day of trading in an auspicious stock market debut for the electric vehicle maker. In afternoon trading on the Nasdaq index the company’s valued swelled to $97 billion, greater than that of Ford, an investor in the startup, …
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Eric Adams said he plans to “take my first three paychecks” in bitcoin once he starts his new job as New York City’s mayor in January, upstaging his counterpart in Miami and even some CEOs who run cryptocurrency companies. Two days after winning the mayoral race, the Brooklyn Democrat used …
Read More »People who can’t afford to spend $6,000 on Apple’s new MacBook Pro Display XDR can now at least buy the cloth that used to come with it, though strong consumer demand means it could be several more weeks or months before they actually get it. Among a cluster of new …
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A New York startup focused on drone racing has scored a multimillion-dollar sponsorship deal with cryptocurrency platform Algorand, a move that shines more visibility on both the tech-centric sports league and the crypto industry’s growing role in sports marketing. The deal, announced Tuesday, is worth $100 million over the next five years, …
Read More »Hedge fund billionaire Steven A. Cohen is reportedly working on a deal that, if approved, would make him the new owner of the New York Mets. A decades-long Mets fan, Cohen would bring his estimated $14 billion fortune to bear on the Major League Baseball’s sixth-richest franchise. It’s not the …
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