Wednesday, August 4, 2021

Soho House, Ned owner plans New York IPO

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The Soho House private members club plans an initial public offering in New York under the name of Membership Collective Group even though it has never been profitable. “Soho House has begun the process...

Jeff Bezos retires 739,489 times richer than average American

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When Jeff Bezos steps down Monday as Amazon’s CEO at age 57, he will carry with him an estimated $197 billion — a staggering fortune that is 739,489 times the median net worth...

Tesla Model 3’s ‘Top Pick’ status restored after safety concerns

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Consumer Reports has restored its “Top Pick” rating on the Tesla Model 3 after new tests showed the car’s new camera-based safety systems are effective.  The consumer advocacy group had revoked the Model 3’s...

McDonald’s beats racial bias lawsuit brought by black franchise owners

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A federal judge has dismissed a lawsuit accusing McDonald’s of racial discrimination for steering black franchise owners to underperforming stores. In a decision on Tuesday, US District Judge Harry Leinenweber said the plaintiffs did not...

Target inks deal at Queens tower where Amazon bailed

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Target hopes to hit another bullseye in Long Island City — where it has just leased 31,000 square feet at One Court Square. When it opens (a spokesperson for Target declined to reveal an...

Restaurant chain CEO ignores owner Leon Black’s link to Jeffrey Epstein

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It may be that the average patron of Huddle House or Perkins Restaurant & Bakery, a pair of chains that specialize in hearty breakfasts at more than 600 locations across the United States...

Mark Zuckerberg says augmented reality can replace art, media

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Mark Zuckerberg said digital holograms will eventually be able to replace TVs, books and even paintings or sculptures in a future where everyone wears augmented reality glasses.  “Think about how many things that are...

Dogecoin soars as Coinbase adds token to platform, Elon Musk posts meme

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Dogecoin prices skyrocketed on Wednesday after crypto-trading giant Coinbase said it would start allowing users to trade the joke cryptocurrency on its platform. The dog-themed coin surged 34 percent to 43 cents in late-morning...

Bitcoin billionaire Mircea Popescu dies, leaving lost fortune

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Controversial Bitcoin billionaire Mircea Popescu, 41, has suddenly died, leaving behind a massive crypto fortune that could be worth as much as $2 billion — which some speculate could be lost forever. Popescu, known...

Playboy is buying Honey Birdette, a company that sells lingerie

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The owner of the Playboy brand said Tuesday it has inked a deal to acquire Honey Birdette, an Australia-based luxury lingerie and sex toy maker, for $333 million in cash and stock. The female-founded...

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