LISTEN TO ARTICLE SHARE THIS ARTICLE In a 1964 decision, U.S. Supreme Court Justice Potter Stewart said he would not attempt to define hard-core pornography, and “perhaps I could never succeed in intelligibly doing so.” He famously added, “But I know it when I see it.”  It’s kind of like that with market manipulation: What’s legal and what’s illegal is in the eye of the […]

In this article New York City street vendors pummeled by the pandemic scored a rare victory with the passage of legislation lifting decades-old restrictions that have forced thousands of them to operate without a proper license. The New York City Council this week voted by 34 to 13 in favor of Intro 1116-B. It’s the first major reform for the sector since a 1983 […]

Reddit Mania The wider world sure knows about r/WallStreetBets now. A chaotic week of trading saw shares in the likes of video-game retailer GameStop Corp. and movie theatre chain AMC Entertainment Holdings Inc. driven up to dizzying heights by traders on the Reddit forum, humbling some of Wall Street’s most famous hedge funds in the process. Then, retail brokerages including Robinhood stepped in to curb trading, and shares […]

FILE PHOTO: A woman walks through a shopping mall in San Francisco, California January 5, 2012. REUTERS/Robert Galbraith WASHINGTON (Reuters) – U.S. consumer spending fell for a second straight month in December amid renewed business restrictions to slow the spread of COVID-19 and a temporary expiration of government-funded benefits for millions of unemployed Americans. Consumer spending, which accounts for more […]

Johnson & Johnson’s one-shot vaccine generated strong protection against Covid-19 in a large, late-stage trial, raising hopes that it can rapidly reshape a stumbling immunization campaign. In the more than 44,000-person study, the vaccine prevented 66% of moderate to severe cases of Covid-19, according to a company statement on Friday. And it was particularly effective at stopping severe disease, preventing […]

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective. Mortgage and refinance rates have risen since last Friday, though they are still at all-time lows in general. Locking in […]

LONDON – Dr. Martens is set to kick up a storm on the public markets, pre-listing on the London Stock Exchange Friday with an offer price of 3.70 pence per share, the top of the range set out earlier this week. The British bootmaker was admitted to the premium listing segment, and is trading on the main market for listed […]

Covid cases fall during lockdown but remain high The number of daily new confirmed coronavirus infections has fallen in the past month, but remains higher than at any point during the first wave of the pandemic. Case numbers have fallen during the current lockdown, despite continued high levels due to the faster-spreading UK variant of the virus. The seven-day average […]