Junk bond king Michael Milken could help timeshare tycoon Stephen Cloobeck rehabilitate his image after a failed and highly litigated relationship with Only Fans star Stefanie Gurzanski. The real estate mogul — who made $2.2 billion when he sold Diamond Resorts in 2016 — held several events over the past week at his newly finished … Read more
Take Over If the star-studded — and in-person — gala for the Robin Hood Foundation is any indication, New York is back, baby. Paul McCartney made an appearance. Bruce Springsteen serenaded the 3,000 people who attended. Alicia Keys sang. The Jonas Brothers ended the night. And the event at the Javits Center on Wednesday night … Read more
NEW YORK — After struggling to hire workers for its outlet store in Dallas, Balsam Hill finally opened on Sept. 1. But the very next day, the online purveyor of high-end artificial holiday trees was forced to close after four of its five workers quit. The main gripe for three of them? Working on weekends. … Read more
The US Federal Reserve on Thursday banned individual stock purchases by top officials at the central bank and unveiled a broad set of other restrictions on their investing activities roughly six weeks after reports of active trading by some senior policymakers triggered an ethics uproar. The new rules will limit the types of financial securities the Fed’s top officials can … Read more
Alphabet Inc-owned Google said on Thursday it is lowering the fee that subscription-based apps need to pay Play Store to 15% right from day one, following criticism about its fee structure from companies such as Spotify. Currently, developers pay a 30% subscription fee in the first year, and 15% thereafter. “We’ve heard that customer churn makes it … Read more
New York Stock Exchange-listed shares of Digital World Acquisition Corp. — the special purpose acquisition company that announced Wednesday evening it will merge with former President Donald Trump’s new social media firm — soared more than 200 percent Thursday. DWAC’s stock price began trading Thursday at $12.73 per share and reached as high as $33.44, up … Read more
Ousted WeWork founder Adam Neumann hosted a booze-soaked party for more than 100 of his earliest employees as shares of the company finally began trading on the New York Stock Exchange and soared as much as 10 percent. “I’m feeling amazing” Neumann told The Post as he gathered a crowd of hangers-on at the beer … Read more
A group of crypto enthusiasts who go by the name “PleasrDAO” bought convicted “Pharma bro” Martin Shkreli‘s Wu-Tang album for $4 million. The single copy of “Once Upon a Time in Shaolin” was the only one ever made, and was initially bought by the business fraudster from the iconic rap group in 2015 for $2 … Read more
Facebook’s Oversight Board — which earlier this year upheld the company’s suspension of former President Donald Trump — slammed the social media behemoth on Thursday, saying it withheld information during the case about the uneven enforcement of the company’s content-moderation system. The board said that Facebook withheld or provided incomplete information about its so-called cross-check program, which shields … Read more
Southwest Airlines revealed Thursday that the debacle that led to thousands of canceled flights earlier this month cost the company $75 million. The cancellations as well as customer refunds and “gestures of goodwill” all contributed to the estimated cost, Southwest said in a release announcing better-than-expected third-quarter earnings. The Dallas-based company posted quarterly revenue of $4.68 … Read more