Airbnb stock tumbles after more than doubling last week

Airbnb stock tumbles after more than doubling last week

Wall Street is having second thoughts about Airbnb’s frothy market debut last week. The home-sharing giant’s stock — which more than doubled last week in the company’s initial public offering — tumbled more than 8 percent on Monday after a research firm cut its rating on the shares, citing doubts whether the company’s performance would … Read more

Domino’s giving hourly workers $1,200 holiday bonus

Domino’s giving hourly workers $1,200 holiday bonus

Domino’s is handing out bonuses to its 11,500 hourly employees this month, the company said on Monday. The largest pizza slinger in the US earmarked $9.6 million for its frontline workers at its corporate-owned stores and supply chain facilities, and some could receive as much as $1,200 per person, the company said. The company also … Read more

Stocks jump amid COVID-19 vaccine rollout, stimulus talks

Stocks jump amid COVID-19 vaccine rollout, stimulus talks

US stocks jumped Monday as investors cheered the nationwide rollout of the US’ first COVID-19 vaccine. The Dow Jones industrial average rose as much as 249.95 points, or about 0.8 percent, to 30,296.32 as a Queens nurse became the first person in America to receive Pfizer’s groundbreaking shot. The benchmark S&P 500 posted an early … Read more

Pfizer in talks to give US another 100 million vaccine doses

Pfizer in talks to give US another 100 million vaccine doses

Pfizer is in talks to supply the US government with another 100 million doses of the company’s coronavirus vaccine, CEO Albert Bourla said Monday. That would add to the 100 million doses Pfizer plans to deliver by the end of March under an order the Trump administration placed in July, Bourla told CNN. But the … Read more

Tesla workers won’t be paid for part of factory shutdown

Tesla workers won't be paid for part of factory shutdown

Tesla factory workers could reportedly be forced to take up to three days of unpaid leave while the company idles some production lines at its California plant. The electric-car maker plans to shut down production of its Model X and Model S vehicles for two and a half weeks from Dec. 24 through Jan. 10, … Read more

Gmail, YouTube outage: Users report problems worldwide

Gmail, YouTube outage: Users report problems worldwide

Gmail, YouTube and other Google productivity services suffered a massive outage Monday morning. Thousands of users around the world had reported problems with Gmail and YouTube by about 7:20 a.m., according to outage-tracking website Downdetector. Other Google Workspace services such as Google Calendar, Google Drive and the Google Meet videoconferencing tool were also inaccessible at … Read more

Queens biz owners haunted by Amazon loss amid pandemic

Queens biz owners haunted by Amazon loss amid pandemic

In Long Island City, it’s the scar that won’t heal. Two years after Amazon pulled out from a proposal to build a massive headquarters along the Queens waterfront, the site is a vacant eyesore — and, to many locals, the squandered economic opportunity is even more painful amid the coronavirus pandemic. “The site just sits … Read more

Manhattan’s office-leasing picture in a downturn

Manhattan’s office-leasing picture in a downturn

More from: Amid intensifying calls to convert some older Manhattan office buildings to residential — including by the influential Real Estate Board of New York — comes even more grim news about the pandemic-battered market. It’s scary to think about, but Manhattan’s office-leasing picture is worsening by the month. The large, spirits-lifting deals signed in … Read more

Neiman CEO Geoffroy van Raemdonck slammed for pay, lavish perk

Neiman CEO Geoffroy van Raemdonck slammed for pay, lavish perk

Neiman Marcus emerged from bankruptcy with a cushy perk for its top execs — and now its leaders are being accused of escaping the belt-tightening they imposed on everyone else. Neiman CEO Geoffroy van Raemdonck has been lauded for steering the troubled retailer out of bankruptcy by helping it shed hundreds of millions in costs. … Read more