Money

Cryptocurrency exchange Coinbase Global finally went public Wednesday afternoon at a valuation of nearly $100 billion, as the company takes advantage of surging demand (and prices) for bitcoin, ethereum and other digital currencies. Coinbase shares began trading at $381 a share, a more than 50% jump from the reference price for its stock of $250

Dollar General plans to hire 20,000 workers this spring as the discount chain continues its expansion during the pandemic. The company said Wednesday it’s looking to hire full- and part-time workers in stores and distribution centers, as well as drivers for its private-trucking fleet. Dollar General does not disclose its minimum wage for workers, but

The billionaires club got bigger Wednesday with Coinbase CEO Brian Armstrong joining the coveted coven. He runs the cryptocurrency exchange company that went public at a valuation of about $100 billion. That turned Armstrong into an instant mega-billionaire: His roughly 40 million shares became worth about $16 billion. Founded by Armstrong in 2012, Coinbase helps

The Fast & Furious series has pulled off a lot of stunts during its 20 year run. In “Furious 7,” Dwayne “The Rock” Johnson’s character flies an ambulance off a bridge and into a drone. In “Fast Five” cars drag a giant bank vault through the streets of Rio and in “Fast & Furious 6”

Conservative lawmakers concerned by the growing list of major corporations taking progressive stances on hot-button political issues should expect more of the same for the foreseeable future. So says Lisa Osborne Ross, who next month will become the first Black person to serve as chief executive officer for the US division of Edelman, one of

HSBC will move four of its most senior executives to Hong Kong later this year, as the London-based bank focuses more attention on fast-growing markets in Asia. CEO Noel Quinn said in an internal memo on Wednesday that Barry O’Byrne, head of global commercial banking, Greg Guyett, co-head of global banking and markets, and Nuno

Instagram is testing a feature that would let users decide if they want to hide likes on their own posts or posts from people they follow. The option will start with a small global test group on Wednesday. Instagrammers can also decide to keep the original experience, which includes visible likes. Instagram began testing the

Cryptocurrency exchange Coinbase Global is set to go public Wednesday at a valuation north of $90 billion, as the company takes advantage of surging demand (and prices) for bitcoin, ethereum and other digital currencies. Coinbase said that it was setting a reference price for its stock of $250 a share. The company is listing shares

Editor’s note: This story was originally published on May 16, 2013 and has been updated with Madoff’s death. Bernard Madoff once had billions of dollars, but in the last years of his life, he made $40 a month doing menial prison labor. The mastermind behind the largest Ponzi scheme in US history died at 82

Coinbase Global is going public through a direct listing Wednesday, becoming the first cryptocurrency exchange on the stock market. The timing isn’t coincidental: Bitcoin has doubled in value this year, surging to a record high above $62,000, as cryptocurrencies have become more widely embraced by mainstream investors. For those adverse to the volatility and risk

Cryptocurrency exchange Coinbase Global is set to go public Wednesday at a valuation of a whopping $65 billion, as the company takes advantage of surging demand (and prices) for bitcoin, ethereum and other digital currencies. Coinbase said that it was setting a reference price for its stock of $250 a share. The company is listing

Hundreds of prominent executives from high-profile companies, including Amazon, Google, BlackRock and Starbucks, signed a statement that opposes discriminatory legislation that makes voting harder. The statement, printed Wednesday in an advertisement in the New York Times, was organized by Ken Chenault and Ken Frazier, two of America’s most prominent Black corporate leaders. The statement called

“Insecure” star Jo-Issa Rae Diop, better known as Issa Rae, is a big believer in amplifying creative voices and paying her blessings forward. Less than a month after signing an eight-figure production deal with HBO’s parent company WarnerMedia, the 36-year-old actress and producer is partnering with PepsiCo’s bottled water brand LIFEWTR on its new “Life

One of France’s biggest export industries is facing a devastating blow after an unusually severe frost earlier this month damaged vineyards across the country, heaping pain on winemakers already reeling from the pandemic and US tariffs. The frost has affected 80% of vineyards in France’s primary wine growing areas, according to the European Committee of

Wall Street has been a bundle of nerves about potential spikes in inflation since Democrats passed $1.9 trillion in economic stimulus last month. And on Tuesday, some of the first signs of inflation came to pass. Consumer prices for March rose 2.6% compared to the same month last year. They were lifted in particular by

Economic turnaround hopes are strongly tied to the vaccine rollout around the globe — so a new concern over the Johnson & Johnson Covid-19 vaccine was just about the last thing the recovery needed. US regulators recommended pausing the use of J&J’s one-dose shot in the United States, and the company temporarily stopped usage of

For years, Wall Street turned up its nose at America’s bank stocks. Now, the sector is getting tons of love as investors eye the economic recovery, which is set to benefit big lenders. What’s happening: The KBW Bank Index has jumped almost 25% this year, while the broader S&P 500 has risen 10%. And analysts

Egyptian authorities have seized a massive cargo ship which blocked the Suez Canal for almost a week last month, amid a dispute over financial damages. An Egyptian court ordered the vessel’s Japanese owner, Shoei Kisen Kaisha, to pay $900 million in compensation as a result of losses inflicted when the Panamanian-flagged Ever Given prevented marine