US economy adds 49,000 jobs in January — a grim sign for the jobs recovery
America’s jobs recovery has lost steam: Even though 49,000 jobs were added in January, the nation is still down nearly 10 million jobs since…
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Robinhood is airing a Super Bowl ad amid its GameStop fiasco
Robinhood, the stock trading app that helped fuel GameStop mania and ended up in a PR crisis, is running a Super Bowl ad. The 30-second spot, which…
Continue Reading A week later, Robinhood removes trading restrictions on GameStop and AMC
Robinhood lifted trading limits on GameStop, AMC and other Reddit favorites Friday, easing restrictions that engulfed the free trading app in…
Continue Reading ‘There is real teeth to this’: Legal experts weigh in on Smartmatic’s $2.7 billion lawsuit against Fox News
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. “This is the…
Continue Reading Japan’s Kirin ditches Myanmar beer partner because of its ties to the military
Japanese companies bet on Myanmar years ago as the Southeast Asian country emerged from decades of military rule. But this week’s coup has…
Continue Reading UK pulls license of Chinese state-owned broadcaster CGTN
UK regulators have pulled the broadcasting license for China Global Television Network, or CGTN. Media regulator Ofcom said Thursday that it had…
Continue Reading Vale will pay nearly $7 billion over Brazilian dam collapse that killed 270 people
Vale has agreed to pay nearly $7 billion in compensation after a dam collapsed at one of its mines in Brazil two years ago, killing 270 people and…
Continue Reading Kuaishou stock pops 160% in Hong Kong IPO
Kuaishou’s stock more than doubled in value Friday as the TikTok-like video app scored the world’s biggest IPO since the coronavirus…
Continue Reading McKinsey to pay nearly $600 million in settlements over its work with opioid companies
McKinsey & Company, one of the world’s largest consulting firms, will pay nearly $600 million in multiple settlements over its work…
Continue Reading Super Bowl LV will be a bonanza for gambling companies
The Kansas City Chiefs or Tampa Bay Buccaneers? We don’t know who will win Super Bowl LV. But the big sports betting and fantasy firms are…
Continue Reading Ford posts strong results, promises big bet on electric and self-driving cars
Ford reported surprisingly good financial results at the end of a tough year, and said it was increasing its commitment to vehicles of the future…
Continue Reading High-speed trading firm linked to Robinhood is going to war with the SEC
Citadel Securities is under the microscope over its relationship with Robinhood. But the high-frequency trading firm is not laying low. On the same…
Continue Reading After legal threat, Fox airs news package debunking election fraud claims made by its own hosts
If President Trump tunes into Fox News this weekend, he may see something unexpected: a point-by-point fact-check to wild election fraud claims made…
Continue Reading Voting technology company Smartmatic files $2.7 billion lawsuit against Fox News, Rudy Giuliani and Sidney Powell over ‘disinformation campaign’
A voting technology company swept up in baseless conspiracy theories about the 2020 election filed a monster $2.7 billion lawsuit on Thursday against…
Continue Reading Read the $2.7 billion lawsuit against Fox News, Rudy Guiliani and Sidney Powell
Smartmatic filed a $2.7 billion lawsuit on Thursday against Fox News, some of the network’s star hosts, including Lou Dobbs, Maria Bartiromo…
Continue Reading Automakers are going green to save money, not just the planet
Virtually all of the world’s major automakers are shifting to an all-electric future — and that’s as much about the bottom line as it…
Continue Reading Elon Musk tweeted. Dogecoin surged more than 50%
Cryptocurrency dogecoin has an important fan — Elon Musk, who has 45 million followers on Twitter and more money than any other person on the…
Continue Reading Robinhood’s CEO is not licensed by a powerful Wall Street regulator
Robinhood CEO Vlad Tenev is not licensed by FINRA, Wall Street’s powerful self-regulator, even though he presides over one of the…
Continue Reading Meal kits and buckets of bubble tea: How KFC’s owner is pivoting in China
Snail noodles, marinated steaks and huge vats of bubble tea are helping China’s biggest fast food giant get through the coronavirus crisis. Yum…
Continue Reading Deutsche Bank just posted its first profit in years
Deutsche Bank has made an annual net profit for the first time since 2014 thanks to a bumper year in a business it has scaled back. Germany’s…
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