Reddit soared in its Wall Street debut as investors pushed the value of the company close to $9 billion seconds after it began trading on the New York Stock Exchange. Reddit, which priced its IPO at $34 a share, debuted Thursday afternoon at $47 a share. The going price has… Read More
Shohei Ohtani endured ‘massive theft’ from his now-fired interpreter, Dodgers say
Shohei Ohtani’s interpreter and close friend was fired by the Los Angeles Dodgers following allegations of illegal gambling and theft from the Japanese baseball star. Interpreter Ippei Mizuhara, 39, was let go from the team Wednesday following reports from the Los Angeles Times and ESPN about his alleged ties to… Read More
Reddit set to make its stock-market debut
Reddit and its eclectic bazaar of online communities is ready to plumb high-stakes territory — the stock market. The company priced its IPO at $34 a share Wednesday and shares will begin trading Thursday on the New York Stock Exchange under the ticker symbol “RDDT.” The market debut is likely… Read More
Chipotle’s board has approved a 50-for-1 stock split, entailing…
In a rare move on Wall Street, Chipotle Mexican Grill’s board has approved a 50-for-1 stock split. In an announcement Tuesday, the burrito chain lauded the proposed split as one of the biggest in New York Stock Exchange history — while noting it believed the move would also boost accessibility… Read More
Bill Gates bets big on this A.I. guru
Microsoft has hired Mustafa Suleyman to head up its consumer artificial intelligence business, adding another influential figure to its pool of talent leading the charge to build a technology that Suleyman views as both as a boon and threat to humanity. Suleyman, co-founder of AI research lab DeepMind, said Tuesday… Read More
Trump Tower seized by Letitia James’ office!?
As Donald Trump stares down a Monday deadline to secure a $454 million bond related to the civil fraud penalty against him in New York, the former president and his team are said to be weighing an unconventional option – simply doing nothing and daring New York Attorney General Letitia… Read More
Hunter Biden business insiders come clean to Congress
The impeachment probe into President Joe Biden will escalate on Wednesday in a dramatic new way. Congressional Republicans are preparing for high-stakes public hearing featuring two former business associates of the president’s troubled son, Hunter Biden — including a current convict. The televised hearing before the House Oversight and Judiciary… Read More
JetBlue to drop some cities to focus on more profitable routes
JetBlue Airways will end service at several cities and reduce flying out of Los Angeles in a move to retrench and focus on stronger markets after years of losing money. The changes will also help the airline cope with the grounding of some of its planes for inspections of their… Read More
MacKenzie Scott donates $640 million, more than doubling her plans
Billionaire philanthropist and author MacKenzie Scott announced Tuesday she is giving $640 million to 361 small nonprofits that responded to an open call for applications. Yield Giving’s first round of donations is more than double what Scott had initially pledged to give away through the application process. Since she began… Read More
Mega Millions jackpot balloons to $977 million after Tuesday’s drawing
The Mega Millions jackpot has reached a staggering $977 million for the upcoming Friday night drawing. This comes after no tickets matched all the numbers drawn on Tuesday night, which were 24, 46, 49, 62, 66. The gold Mega Ball was 7. Sponsored: Could Biden Order Americans to Turn in… Read More
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