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Large Wall Street banks have been running “war game” drills in their trading businesses and preparing clients for unexpected scenarios around next week’s elections, hoping to avoid liquidity crunches or technical errors as markets react to news of who will be running the White House and Congress, industry sources said. There is more confidence now […]
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US stocks posted tentative gains Thursday as strong economic data helped Wall Street recover from its coronavirus-fueled selloff. The Dow Jones industrial average climbed as much as 89.19 points, or 0.3 percent, to 26,609.14 in choppy early trading after the feds revealed the nation’s gross domestic product rebounded by a record 7.4 percent in the […]
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Forget the anxiety of the stock market, savvy investors are looking to Mickey Mantle. Baseball cards are a safe, reliable way to grow your investment portfolio, according to a new report, the Daily Mail reported. And it’s all about blue-chip names like Yankee legend Mantle. In 1988, a mint-condition Mantle rookie card sold at auction […]
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American International Group agreed to give up claims to more than $400 million of foreign tax credits and to accept a 10 percent tax penalty to settle accusations it used abusive tax shelters, the US Department of Justice said Friday. Acting US Attorney Audrey Strauss in Manhattan said the settlement related to seven cross-border transactions […]
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Time to get a refill on that Whopper. Burger King plans to start testing reusable burger boxes and cups next year as part of its efforts to reduce waste. Diners in New York City, Tokyo and Portland, Oregon will be able to ask for their sandwich or drink in a sturdy, “zero-waste” container that can […]
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AMC Entertainment, the country’s largest movie theater chain, said Tuesday that it is looking to raise more cash as the coronavirus pandemic continues to hammer its business. The cinema chain, which plans to sell up to 15 million shares, said in an SEC filing that it expects revenues for the three months ended Sept. 30 […]
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Tasting menus are having a moment that’s being aided by the pandemic. Once the domain of the most exclusive restaurants, elaborate preset courses have been going mainstream for a few years now. But the trend appears to be gaining speed as struggling restaurateurs look for more cost-effective ways to please customers who want to find […]
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The coronavirus pandemic has sidelined efforts to revive the Barneys New York brand, The Post has learned. Barneys — an iconic high-end retailer that shuttered all of its stores for good in February after filing for bankruptcy last year — had been slated to make a splashy comeback in September as a boutique on the […]
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Remittances growth is muted due to “structural” reasons which will hamper consumption demand locally, a report said on October 15. ”…the muted external remittances growth is more of a structural issue than transitory,” India Ratings and Research said in its note. India has been the largest recipient of remittances from its diaspora spread all across […]
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Add canned corn to the list of supermarket staples that have become elusive amid the COVID-19 crisis. The pandemic has roiled the supply chain for canned sweet corn in several ways, meaning it might be tough to track down at your local grocery store, a new report says. Sweet corn grown for canning already made […]
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