Thornton McEnery
The Archive
A new breed of firms vies for stakes in NBA teams
Last month, the owners of the Golden State Warriors quietly approached the National Basketball Association for approval to sell a minority stake in the team — not to another business...
Jeffrey Katzenberg's Quibi takes shot at billionaire's personal life
Quibi, the defunct streaming service founded by Hollywood mogul Jeffrey Katzenberg, wants to know whether Elliott Management's financing of a patent lawsuit against it was motivated by a personal relationship...
Citigroup can't recoup $500M mistakenly sent to Revlon lenders: judge
Oops! Can we get that $900 million back? A federal judge on Tuesday refused to let Citigroup claw back the millions it says it accidentally paid lenders of cosmetic seller Revlon...
Gloves are off: Steve Cohen and Dave Portnoy are in a Twitter war over GameStop
A real life rumble over GameStop between Wall Street and Main Street broke out Thursday between hedge fund billionaire Steve Cohen and day-trading poster boy Dave Portnoy. The back-and-forth kicked...
Ready for takeoff: American Airlines shares soar after mention in Reddit forum
Shares of American Airlines soared more than 30 percent early Thursday after a mention on Reddit’s WallStreetBets forum, where rookie investors have been pumping stocks of struggling companies at the...
GameStop erases gains after spiking 145 percent on bizarre short squeeze
GameStop shares spiked as much as 145 percent on Monday in a wild day of trading that later saw them briefly plunge into negative territory -- the latest bizarre session...
Stocks hit all-time high, Biden breaks Hoover's record for gains
US stocks closed at record highs Wednesday as Joe Biden was sworn in as the 46th president -- with the new commander-in-chief setting a record for stock gains between his election...
Stocks slide from record peaks on Georgia elections, virus surge
The first trading day of 2021 started off with a bang before falling back to earth as traders grappled with hangover effects of 2020. The Dow Jones Industrial Average dropped...
The four contenders to be Joe Biden's SEC chair
President-elect Joe Biden has drawn up a diverse list of candidates to be Wall Street’s next sheriff, some of them with tough enforcement records — but insiders say his pick...
Dow crosses 30,000 mark for the first time in history
The Dow Jones Industrial Average closed above the 30,000 mark for the first time ever Tuesday as Wall Street cheered good news on coronavirus vaccines and a key step toward...
Mnuchin defends move to end Treasury's COVID-19 loan programs
Treasury Secretary Steven Mnuchin defended his decision to wind down five emergency loan programs, even as the Federal Reserve and other critics warned it could remove an important support beam...
Goldman Sachs names its smallest partner class in decades
Goldman Sachs just revealed its smallest partner class in decades as Chief Executive David Solomon further shrinks the megabank’s elite inner circle. The $2 trillion financial services giant said Tuesday...
Stocks surge to all-time highs amid COVID-19 vaccine hopes, Biden win
There’s light at the end of the coronavirus tunnel — and Wall Street is running toward it. US stocks climbed to all-time highs Monday as investors celebrated a major step...
JPMorgan faces potential fine over 'historical deficiencies'
JPMorgan Chase said it might be paying another big fine this year as federal regulators have notified Jamie Dimon and his team that there are issues with their internal controls....
De Blasio is trying to kill Mets sale to Steve Cohen
Bill de Blasio has privately told Major League Baseball that he will do everything he can to stop Steve Cohen from buying the Mets. The Post has learned that Hizzoner...
Goldman Sachs pleads guilty to US charges over role in 1MDB scandal
Goldman Sachs is shelling out nearly $3 billion to settle charges related to its role in a star-studded corruption scandal that has dogged the bank for years -- and the...
Wall Street reportedly raked in billions during COVID-19 peak
ALBANY — Wall Street made a killing during the peak of the coronavirus pandemic — at a time of sky-high statewide unemployment that has put 500,000 Big Apple residents out...
Steve Cohen's Mets purchase will have to go through Bill de Blasio
Hal Steinbrenner isn’t the only prominent New York figure who will have a say in the sale of the Mets to Steve Cohen. None other than Mayor Bill de Blasio...
Citigroup exec leaves post to run for mayor in NYC
Citigroup Vice Chairman Ray McGuire is expected to file paperwork Thursday to run for mayor, adding a moderate, pro-business voice to the crowded Democratic primary field.
Jeffrey Epstein paid millions by Leon Black after sex-crime plea
Billionaire buyout king Leon Black funneled millions of dollars to Jeffrey Epstein even after the pedophile financier became a convicted sex criminal, a new report says. Black sent Epstein at...