Robin Birley expands empire with Upper East Side club

Robin Birley expands empire with Upper East Side club

Robin Birley’s plot for a British invasion of New York City’s nightlife scene just took a major step forward. The London club king – a posh pal of Prime Minister Boris Johnson whose 5 Hertford St. in London is where Prince Harry and Meghan Markle had their first date – has finally signed a lease … Read more

MicroStrategy Stock Is Crumbling as Bitcoin Slides and Rates Rise

MicroStrategy Stock Is Crumbling as Bitcoin Slides and Rates Rise

Bitcoin’s tumbling price is dragging down MicroStrategy’s stock. Dreamstime Text size MicroStrategy , a software and Bitcoin holding company, was tumbling again as the price of the crypto continued to slide. Shares of MicroStrategy (ticker: MSTR) were down 23% in trading Monday, to around $227 a share. The company held 129,218 Bitcoins on its balance … Read more

CNN fact checker slams Biden’s claim that he reduced federal deficit

CNN fact checker slams Biden's claim that he reduced federal deficit

CNN’s fact checker Daniel Dale pushed back on President Biden’s recent claim that his policies had helped to reduce the federal deficit – revealing that one expert told him that the Democrat’s assertion was “almost bizarro world” in its misrepresentation of the situation. “Let me remind you again: I reduced the federal deficit,” Biden said … Read more

Many EV Startups Need More Cash. Rivian Isn’t One of Them.

Many EV Startups Need More Cash. Rivian Isn't One of Them.

Text size Door panels at Rivian’s assembly plant. Courtesy Rivian Trading in shares of electric vehicle start-up Rivian Automotive is starting to make no sense. The stock was down almost 20% Monday afternoon on a weak day for the market. The S&P 500 and Dow Jones Industrial Average were off 2.7% and 1.6%, respectively. It’s … Read more

Palantir stock plunges to all-time low after earnings, forecast miss

Palantir stock plunges to all-time low after earnings, forecast miss

Executives at Palantir Technologies Inc. see the software company as strongly positioned for the current uncertain environment, but shares were tanking on Monday after the company delivered a mixed earnings report and downbeat forecast. While Palantir PLTR, -22.10% slightly exceeded revenue expectations for its first quarter, it fell short on the bottom line. The company … Read more

Goldman Sachs retreating from SPACs over regulatory threat

Goldman Sachs retreating from SPACs over regulatory threat

David Solomon’s Goldman Sachs is reducing its involvement with blank-check companies, a spokesperson for the bank said on Monday, as US regulators continue to clamp down on what was one of the hottest trends on Wall Street in recent years. The boom in the special purpose acquisition company (SPACs) market had been a boon for Goldman’s investment banking … Read more