Family of 20-year-old California investor who died thinking he lost over $730,000 sue Robinhood
The parents of Alex Kearns, 20, say he thought he had lost $730,000 when he took his own life. They are now suing Robinhood Financial, claiming the popular stock-trading platform’s business practices "directly" led to their son’s death.
The parents of Alex Kearns, 20, say he thought he had lost $730,000 when he took his own life. They are now suing Robinhood Financial, claiming the popular stock-trading platform’s business practices "directly" led to their son’s death.
Tesla invests $1.5 billion in Bitcoin, plans to accept as payment
The electric automaker said in an SEC filing Monday that it bought $1.5 billion in Bitcoin and will soon accept the digital currency as payment for cars.
The electric automaker said in an SEC filing Monday that it bought $1.5 billion in Bitcoin and will soon accept the digital currency as payment for cars.
Biden says $15 minimum wage likely won't 'survive' in COVID relief package, looks to stand-alone bill
President Biden conceded that his push to fold a $15 minimum wage into a broader COVID-19 relief package likely won't "survive."
President Biden conceded that his push to fold a $15 minimum wage into a broader COVID-19 relief package likely won't "survive."
US economy added 49,000 jobs in January as recovery rebounds from winter slowdown
The unemployment rate edged down to 6.3% — well below the April peak of 14.7%, but about twice the pre-crisis level.
The unemployment rate edged down to 6.3% — well below the April peak of 14.7%, but about twice the pre-crisis level.
House passes budget resolution for $1.9T coronavirus relief after Senate's marathon session
The vote was 219-209 to adopt the budget framework that the Senate approved early Friday morning thanks to a tie-breaking vote cast by Vice President Kamala Harris.
The vote was 219-209 to adopt the budget framework that the Senate approved early Friday morning thanks to a tie-breaking vote cast by Vice President Kamala Harris.
Pandemic vices are putting more consumers in debt: 'It's 100% instant gratification'
Alcohol, cigarettes, adult entertainment and lottery tickets are just some of the items 70% of Americans are splurging on during the pandemic, a new survey from financial services company MagnifyMoney suggests.
Alcohol, cigarettes, adult entertainment and lottery tickets are just some of the items 70% of Americans are splurging on during the pandemic, a new survey from financial services company MagnifyMoney suggests.
Employers added 49K jobs last month as US unemployment fell to 6.3%
U.S employers added just 49,000 jobs in January, a sign that that the viral pandemic retains a tight grip on the economy nearly a year after it triggered a painful recession.
U.S employers added just 49,000 jobs in January, a sign that that the viral pandemic retains a tight grip on the economy nearly a year after it triggered a painful recession.
College student uses GameStop stock earnings to donate Nintendo Switches, games to children’s hospital
A college student donated Nintendo Switches and games to Children’s Minnesota Hospital after making money from his GameStop stocks.
A college student donated Nintendo Switches and games to Children’s Minnesota Hospital after making money from his GameStop stocks.
Jobless claims fall to 779,000; layoffs grind on
The number of Americans seeking unemployment benefits fell to 779,000 last week, a historically high total that shows that a sizable number of people are still losing jobs to the viral pandemic.
The number of Americans seeking unemployment benefits fell to 779,000 last week, a historically high total that shows that a sizable number of people are still losing jobs to the viral pandemic.
Democrats urge Biden to cancel up to $50k in student loan debt by executive action
The resolution called on President Biden to take executive action to "administratively cancel up to $50,000 in Federal student loan debt for Federal student loan borrowers" using "existing legal authorities" under the Higher Education Act of 1965.
The resolution called on President Biden to take executive action to "administratively cancel up to $50,000 in Federal student loan debt for Federal student loan borrowers" using "existing legal authorities" under the Higher Education Act of 1965.
'I am optimistic now': Post-pandemic hiring could rebound quickly
A hopeful view is gaining steam that as vaccinations reach a critical mass, perhaps around midyear, and the government provides further stimulus, the economy and the job market will strengthen much faster than they did after previous recessions.
A hopeful view is gaining steam that as vaccinations reach a critical mass, perhaps around midyear, and the government provides further stimulus, the economy and the job market will strengthen much faster than they did after previous recessions.
Democrats move forward with Biden's COVID-19 relief bill
President Joe Biden told Senate Democrats on a private call Tuesday that a Republican alternative to his $1.9 trillion COVID rescue plan is insufficient as he urged lawmakers to boldly and swiftly confront the coronavirus pandemic and economic crisis.
President Joe Biden told Senate Democrats on a private call Tuesday that a Republican alternative to his $1.9 trillion COVID rescue plan is insufficient as he urged lawmakers to boldly and swiftly confront the coronavirus pandemic and economic crisis.
4 members of Gov. Evers' Cabinet make $1 less than he does
By law, Cabinet members can make $1 less than the governor per year. For some, that meant taking a pay cut to join the administration.
By law, Cabinet members can make $1 less than the governor per year. For some, that meant taking a pay cut to join the administration.
Party lines split Wisconsin politicians on Keystone XL Pipeline
While GOP lawmakers argue that revoking the pipeline's permit hurts jobs today, Democrats say the project undermines broader economic and environmental efforts.
While GOP lawmakers argue that revoking the pipeline's permit hurts jobs today, Democrats say the project undermines broader economic and environmental efforts.
Amid GameStop and AMC frenzy, Citron Research discontinues reports on short selling
The investment firm Citron Research has discontinued its practice of providing reports on short selling. Here’s what that means.
The investment firm Citron Research has discontinued its practice of providing reports on short selling. Here’s what that means.
Robinhood tells customers it will allow ‘limited buys’ amid GameStop, AMC trading frenzy
Robinhood, the online trading platform at the center of a speculative frenzy involving shares of GameStop, AMC and other flailing companies, told its customers Thursday that it would be allowing “limited buys” of these companies starting Friday.
Robinhood, the online trading platform at the center of a speculative frenzy involving shares of GameStop, AMC and other flailing companies, told its customers Thursday that it would be allowing “limited buys” of these companies starting Friday.
GameStop stock explained: Here’s what short selling is and why it’s shaking up Wall Street
Amid the recent astronomical surge in value of shares of struggling companies like GameStop and AMC, trading strategies like short selling and short squeezing have been trending all over social media, leaving many scrambling to keep up. Here’s what you need to know to understand what’s going on.
Amid the recent astronomical surge in value of shares of struggling companies like GameStop and AMC, trading strategies like short selling and short squeezing have been trending all over social media, leaving many scrambling to keep up. Here’s what you need to know to understand what’s going on.
Stimulus check calculator: Confirm you received full relief payment before filing 2020 tax return
Americans can claim any missing money from their stimulus checks when they file their 2020 tax return.
Americans can claim any missing money from their stimulus checks when they file their 2020 tax return.
GameStop stock frenzy: Robinhood, others limit trading, sparking lawsuit and Senate panel hearing
Robinhood and other online trading platforms moved to restrict trading in GameStop and other stocks that have soared recently due to rabid buying by smaller investors.
Robinhood and other online trading platforms moved to restrict trading in GameStop and other stocks that have soared recently due to rabid buying by smaller investors.
GameStop stock price frenzy: What to know
Trading volume has surged in shares of GameStop, AMC Entertainment, as well as Bed Bath & Beyond and BlackBerry, stunning Wall Street firms betting that those stocks would fall.
Trading volume has surged in shares of GameStop, AMC Entertainment, as well as Bed Bath & Beyond and BlackBerry, stunning Wall Street firms betting that those stocks would fall.