Private-equity firm Silver Lake made out like a bandit this week by piggybacking off the stock market frenzy stoked in recent weeks by users of a Reddit message board. Silver Lake was able to clear a profit of roughly $ 112 million on Wednesday by selling 44.4m newly minted shares …
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Wall Street appeared to cheer a change of leadership in the White House, producing one of its best returns in nearly four decades on the day of a new president’s inauguration. Read: Stock-market performance under Trump trails only Obama and Clinton The Dow Jones Industrial Average DJIA, +0.83% and the …
Read More » In an effort to combat fraudulent unemployment insurance claims, which have been rampant in some states during the pandemic, gig workers and self-employed workers will be required to provide documentation of their earnings to get unemployment benefits under the new stimulus package. Gig workers and self-employed people aren’t traditionally eligible …
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Dear Moneyist, I am concerned that people are receiving another 11 weeks of unemployment benefits along with an extra $ 300 per week. I don’t have a problem with providing assistance to those who need it. It’s so sad to see families suffering financially. But what about these other people …
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Dear Moneyist, I am an Upper East Side wife and mother with two children. The residents of our building have agreed to tip our doormen, super and two gardeners who tend to our common areas 25% more this holiday season because of the COVID-19 pandemic. We usually give $ 200 …
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Wall Street is looking forward to happy holidays and a farewell to a pandemic-stricken 2020 and a welcome to a new year, with the last two weeks in December representing abbreviated sessions. On Thursday, the New York Stock Exchange and Nasdaq will end trading at 1 p.m. Eastern Time (and …
Read More » U.K. Prime Minister Boris Johnson and Ursula von der Leyen, the president of the European Commission, agreed on Sunday after a phone call that they should go “the extra mile” to try to find a compromise on a trade deal. In a joint statement, the two leaders acknowledged that “deadlines …
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The American Bankers Association is seeking vaccine prioritization for bank tellers and frontline community-bank employees. An earlier version of this story suggested that the industry group was seeking a broader prioritization for the financial industry, including traders. The story has been corrected. Frontline bank employees could get a shot in …
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U.S. stock-market futures on Tuesday evening tilted higher after a big rally in the regular session and as the votes of hundreds of millions of Americans were being tallied in the crucial election between President Donald Trump and former Vice President Joe Biden. Stock investors are betting that a decisive …
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