JPMorgan forced out trader who cooperated with fed probe: suit

JPMorgan forced out trader who cooperated with fed probe: suit

JPMorgan Chase treated indicted employees better than an executive who cooperated with federal investigators, according to a lawsuit. Commodities trader Donald Turnbull claims in court papers he was abruptly canned from the bank’s precious metals trading group as soon as JPMorgan execs discovered the extent of his cooperation with the U.S. Department of Justice. Ultimately, … Read more

Worker shortage further hurting NYC restaurants

Worker shortage further hurting NYC restaurants

Big Apple restaurants can only serve half their pre-pandemic indoor capacity — and yet they still don’t have enough help to make it work. Eateries are getting crushed by a shortage of workers both in kitchens and on the floor despite sky high unemployment and a growing vaccination effort. It’s part of the national hiring … Read more

Morgan Stanley reveals nearly $1B loss from Archegos implosion

Morgan Stanley reveals nearly $1B loss from Archegos implosion

Morgan Stanley lost nearly $1 billion from the collapse of family office Archegos Capital Management, the bank said Friday, muddying its 150 percent jump in first-quarter profit that was powered by a boom in trading and deal-making. Morgan Stanley was one of several banks that had exposure to Archegos, which defaulted on margin calls late last month and triggered … Read more

Company behind a single NJ deli snags $100M market value

Company behind a single NJ deli snags $100M market value

A company that owns a single deli in south New Jersey became worth more than $100 million on the stock market in recent months — marking the latest oddity of the “meme stock” era. Hometown International Inc. amassed the meaty valuation even though its sole business engine is Your Hometown Deli, a “home-style” eatery in … Read more

‘Final Fantasy’ maker Square Enix denies sale reports

'Final Fantasy' maker Square Enix denies sale reports

The video game maker behind the popular “Final Fantasy” and “Kingdom Hearts” franchises shot down reports that it’s up for sale on Friday after the chatter sent its stock price soaring. Japanese gaming giant Square Enix tried to quash the rumors following a Bloomberg Japan report that said it had received interest from potential buyers. … Read more

Robinhood slammed over crypto outage during Dogecoin surge

Robinhood slammed over crypto outage during Dogecoin surge

Robinhood traders slammed the investing app after its cryptocurrency platform suffered a major outage right in the middle of Dogecoin’s record-setting rally. Robinhood said its crypto trading service started going haywire by 10 p.m. Thursday — just as the price of the meme-inspired currency started spiking. The disruption enraged Robinhood users who accused the startup … Read more

Dogecoin jumps again to double record rally price

Dogecoin jumps again to double record rally price

Dogecoin has doubled from its Wednesday morning rally to reach prices of more than $0.30 Thursday night. The dog meme-inspired cryptocurrency — that began as a joke — is up 400 percent over the past week, according to Coindesk. The surge came a day after Wednesday’s stock market debut for the cryptocurrency exchange Coinbase, which … Read more

US mattress firm spins ‘mind-control’ suit against Hästens CEO as good news

US mattress firm spins 'mind-control' suit against Hästens CEO as good news

This bizarre, New Age saga of a Swedish mattress maker just got weirder. Staffers at a swanky retail chain that sells Hästens luxury beds and mattresses put a positive spin on an explosive lawsuit that accused the mattress maker’s kooky CEO of subjecting underlings to “mind control” and grading them based on their “vibrations and frequencies,” The Post has learned. Honchos at The … Read more