Business

NEW YORK (Reuters) — Coinbase Global Inc was valued at $86 billion at the end of its Nasdaq debut on Wednesday, in a choppy day of trading when its valuation went as high as $112 billion. Coinbase’s stock market debut, done through a direct listing where no shares are sold ahead of the opening, mar…

WEST COVINA, Ca. (USDOL) —  An Orange County roofing company learned recently that failing to comply with federal wage and hour laws can be costly. A recent U.S. Department of Labor Wage and Hour Division investigation of Saddleback Roofing Inc. found the company’s owner regularly failed to pay wor…

KOROR (Pacific Island Times/Pacnews) — The much-ballyhooed travel bubble between Palau and Taiwan fell flat this week when China Airlines or CAL decided to cancel its weekend flight to Koror due to low demand. The China News Agency reported that only two people booked for the April 17 group tour de…

CHICAGO (Reuters) — Between 2009 and 2014, Walmart’s Marketplace business, where outside merchants hawk everything from baby blankets to power tools, counted no more than six sellers, and was described by one expert as “in limbo.” But what was treated as an afterthought for years has emerged as an …

(Reuters) — After it shut down for two months last year, Jan-Ie Low and her family reduced the hours at their Las Vegas restaurant and converted much of their dining room into a food delivery hub. Outdoor dining was not an option in the desert heat. Conventions, which bring in diners, were canceled…

NEW YORK (Reuters) — Bernard Madoff, who was convicted for running the largest known Ponzi scheme in history, died on Wednesday in federal prison where he was serving a 150-year sentence, the Bureau of Prisons said. He was 82. Madoff had been suffering from chronic kidney failure and several other …

LONDON (Reuters) — Bitcoin hit a record of $62,741 on Tuesday, extending its 2021 rally to new heights a day before the listing of Coinbase shares in the United States. The largest U.S. cryptocurrency exchange’s listing on the Nasdaq on Wednesday is considered a landmark victory for cryptocurrency …

WASHINGTON (Reuters) — U.S. consumer prices rose by the most in more than 8-1/2 years in March as increased vaccinations and massive fiscal stimulus unleashed pent-up demand, kicking off what most economists expect will be a brief period of higher inflation. The report from the Labor Department on …

SINGAPORE (Reuters) — Grab Holdings, the largest ride-hailing and food delivery firm in Southeast Asia, clinched a merger on Tuesday with special-purpose acquisition company Altimeter Growth Corp securing a valuation of nearly $40 billion and paving the way for a coveted U.S. listing. The merger, t…

WASHINGTON (Reuters) — President Joe Biden’s interim regulators are wasting no time unraveling Wall Street-friendly measures introduced under former Republican President Donald Trump, using quick-fix legal tactics. They have spiked or stalled more than a dozen contentious Trump-era measures that cr…