Thornton McEnery
Latest Articles
David Solomon's lavish lifestyle irks Goldman Sachs underlings
Goldman Sachs' CEO has a private-jet habit -- and critics say it's flying in the face of his harsh words for staffers who work from home. David Solomon -- who...
UK hedge fund tycoon Crispin Odey found not guilty of sexual assault
Things are looking up for Crispin Odey. A UK court on Thursday found the controversial British hedge fund mogul — a personal friend of Prime Minister Boris Johnson who famously...
Reddit's 'meme stock' crowd is launching a Super PAC
The WallStreetBets crowd is angling to get into the political game. A pair of part-time stock traders has launched a Super PAC to "amplify the voice of the retail investor"...
Hedge funds hit hard by Reddit Rally bounced back in February
Some of the hedge funds hardest hit by January’s populist short squeeze have already begun recovering from the pain inflicted by retail traders looking to topple Wall Street, The Post...
Robinhood exec wants users to stop worrying about its business model
Beleaguered no-fee trading app Robinhood is now turning to its chief operating officer to help quell backlash over its response to the "Reddit rally" in January. In a Thursday blog...
Mark Cuban says he will sell Dallas Mavericks tickets for Dogecoin
Mark Cuban is wagging the Dogecoin. After saying last month that the joke cryptocurrency “has no intrinsic value,” the billionaire owner of the Dallas Mavericks said Thursday he has decided...
Goldman Sachs executive exodus gains steam as top lawyer exits
The exit door at Goldman Sachs is getting quite a workout. The megabank’s head lawyer, Karen Seymour, is reportedly on her way out — marking the third high-profile departure this...
SEC nominee Gary Gensler says he would probe Robinhood over 'Reddit rally'
The next Sheriff of Wall Street has just fired a shot across the bow of popular free trading app Robinhood. Speaking at a Senate Banking Committee confirmation hearing Tuesday, Gary...
Dow adds 600 points as bond jitters ease, vaccinations rise
March is coming in like a lion on Wall Street. The Dow surged more than 600 points on Monday and the S&P 500 had its best day since June as...
Robinhood is reportedly prepping for IPO later this month
After getting roasted for its role in the January market meltdown and hauled before Congress in February, Robinhood is reportedly angling to go public in March. The no-fee trading app...
Nevada gov wants to build crypto-run private cities in the desert
Nevada, the state of legalized gambling, prostitution and marijuana, is about to add another layer to its Wild West reputation: Desert cities formed by companies and run entirely on blockchain...
Billionaire Bill Ackman tells investors to follow him on Twitter
Billionaire Bill Ackman appears to be taking a page from Elon Musk with plans to start announcing market-moving news on Twitter. The billionaire investor's blank check company, Pershing Square Tontine...
GameStop soars 100 percent as Reddit's WallStreetBets board crashes
The mother of all meme stocks is acting up again. Shares in GameStop skyrocketed 103.9 percent on Wednesday, with almost all of that action bubbling up in the final hour...
Fed blames 'operational error' that crashed Fedwire, other key systems
The Federal Reserve said it is restoring services that were thrown offline Wednesday by an “operational error” that spurred outages in a dozen areas, including check clearing and Fedwire, which...
Markets pop as Fed chair commits to keep cheap money flowing
Federal Reserve Chairman Jerome Powell reiterated plans to keep interest rates close to zero and asset purchases humming along despite signs that the US economy is beginning to recover from...
Michael Bolton invites Robinhood users to break up with their app
A rival to Robinhood is encouraging users to dump the stock-trading app in favor of its own -- and it’s tapping Michael Bolton to seal the deal. Public -- a...
'Roaring Kitty' doubles down on GameStop shares, stock pops
The kitty is still roaring, so GameStop is soaring. Shares in the video game retailer shot up as much as 20 percent on Monday after social media influencer Keith Gill...
Ken Griffin blasts 'insane conspiracy theory' that he helped tank 'Reddit Rally'
Ken Griffin brushed off accusations that his massive hedge fund Citadel Investments had a hand in spoiling the "Reddit Rally," calling it an "insane conspiracy theory." Fresh off his Thursday...
Robinhood and Citadel come under fire during Reddit Rally hearing
The Reddit Rally saga made its way to Capitol Hill on Thursday with key players like billionaire Ken Griffin getting reamed out by lawmakers probing whether small investors are given...
Ex-SEC chairman joins Apollo board amid Jeffrey Epstein reckoning
Apollo Global is getting a big name to fix its big problem. The private equity giant on Thursday named former Securities and Exchange Commission Chairman Jay Clayton as its lead...