Stocks recover after wobbly start Tuesday
A big set of company earnings reports was issued Tuesday, sending stocks down a bit but back up after the information sunk in. The COVID-19 surge and corresponding lockdowns with…
Business
Robinhood wants to be the phone app for everything money
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Robinhood’s CEO Vlad Tenev says going public is just one step in where he’s taking Robinhood, next he intends to expand the company to handle all kinds of financial transactions…
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Robinhood joins the stock market
The stock market app for the everyday American has joined the stock market itself. Robinhood, which leaped to infamy over restricting the sale of certain stocks earlier this year, debuted…
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Fed chair says economy is greatly improving
Federal Reserve Chair Jerome Powell says the economy is improving fast enough that he will consider reversing low interest rates soon, maybe even this year. He isn’t concerned about the…
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Tech stocks drag Wall Street record highs down
Stocks are back to normal levels after their record highs set on Monday, due to drops in tech stocks and consumer types of companies. Uncertainty in the markets continues due…
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Desperate for workers, employers paying $15/hr
$15 an hour for low-skilled workers is becoming a reality as desperate employers scramble to find workers post-pandemic. Many Americans are choosing to remain on unemployment rather than return to…
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Biden’s auto mileage standards more drastic than Obama’s
President Joe Biden has the EPA issuing new vehicle mileage standards so strict that 40% of U.S. drivers will be forced into electric vehicles by the end of the decade.…
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New home sales at lowest level in over a year
New home sales continue dropping, down 19.4% from a year ago. A shortage of homes on the market and rising costs for material such as lumber and also higher labor…
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Dow closes above 35,000 for the first time
It was a great week for the stock market, as the Dow rose 238.20, or 0.7%, to 35,061.55, a record. All three indexes finished with gains of better than 1%…
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GM recalls older Chevrolet Bolts a second time
General Motors has been forced to recall Chevrolet Bolts made in 2017 to part of 2019 again due to the batteries catching on fire. After the first recall, the batteries…
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Ohio energy company settles bribery charges
FirstEnergy Corp. in Ohio has agreed to pay $230 million over charges it bribed public officials to back a $1 billion subsidy in order to prop up two aging nuclear…
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