Monday, October 25, 2021
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Shares of the Silicon Valley online broker, Robinhood soared on Wednesday, extending a wild rally in the newly public stock trading app’s stock. But trading was halted for volatility several times, with some investors speculating that its dizzying rally is being driven by fears of a short squeeze. The stock which opened last Thursday at $38 per share closed up...
New York City Mayor Bill de Blasio has announced a $100 incentive to anyone who goes to a city-run vaccination site for their first dose of a COVID-19 vaccine, starting this Friday July 30. "It does not get better than that," Bill de Blasio said at a press conference on Wednesday. The announcement comes just days after the mayor said all...
Bill Ackman, the billionaire owner of Pershing Square Capital Management is foreseeing a massive boom in the U.S economy. The billionaire investor who said last year that government should give every American cash at birth so they can retire a millionaire, told CNBC on Monday the economy will see a "massive" boom in the fall despite the new delta variant of...
A Beijing-based veterinarian who was earlier confirmed as China’s first human infection case with Monkey B Virus (BV), has died from the virus, the State-run Global Times reported. The 53-year-old man who worked for an institution researching non-human primates, was diagnosed with Monkey B Virus after he developed symptoms of nausea and vomiting. He developed the symptoms a month after he dissected...
U.S President Joe Biden has expressed disappointment on big social media platforms like Facebook for spreading misinformation about the coronavirus and vaccines. "They’re killing people," the president said when asked what his message was to social media platforms like Facebook on the spread of false and misleading claims about the virus and the safety of vaccines that prevent it. "The only pandemic we have...
The wage gap between Chief Executive Officers of big corporations and median employee pay widened in 2020 amid the coronavirus pandemic, according to AFL-CIO's annual Executive Paywatch report. The report shows that average S&P 500 company CEO made 299 times the average worker's salary last year. Executives received $15.5 million in total compensation on average - an increase of more...
The US Consumer Product Safety Commission (CPSC) has filed a lawsuit against Amazon, accusing the e-commerce giant of selling hazardous products to its customers. Among the products cited in the suit by the federal safety watchdog are carbon monoxide detectors that fail to alarm, numerous children's pajamas that could catch fire and nearly 400,000 hair dryers that could electrocute people...
South Africa is battling its worst unrest since the end of apartheid with shopkeepers firing at looters and a woman throwing her baby from a burning mall roof as violence sparked by the jailing of 79-year-old ex-president Jacob Zuma last week. Zuma, 79, was sentenced to 15 months in prison by South Africa’s top court for contempt of court following...
Many graduate students at some of America’s most prestigious universities are drowning in debt up to $200,000, yet most earn as little as $30,000 two years after graduation. A recent article published by the Wall Street journal reveals the struggles students face in the highly competitive programs at Ivy league schools that leave many of them broke and wondering if...
Robinhood has settled a wrongful death lawsuit filed by the family of a 20-year-old trader who killed himself last summer after mistakenly believing he owed $730,000 to the online broker. Alexander Kearns,20, was trading on June 11 last year using the Robinhood app when the app suddenly put a hold on his account and showed a negative balance of $730,000 and...
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