U.S. President Joe Biden waves as he arrives at Newcastle, Delaware U.S., February 5, 2021. REUTERS/Joshua RobertsWASHINGTON (Reuters) – U.S. President Joe Biden said in an interview released on Friday he does not expect his proposal for a hike in the minimum wage to $15 an hour to be included in his $1.9 trillion COVID-19 relief bill because of Senate […]
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(Reuters) – Shares in Clover Health Investments Corp ended a seesaw trading session higher on Friday after the first public comment by its backer, venture capitalist Chamath Palihapitiya, on a critical report by short-selling specialist Hindenburg Research.Slideshow ( 2 images )Clover said on Friday it would cooperate with an investigation by the U.S. Securities and Exchange Commission (SEC) into the […]
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WASHINGTON (Reuters) – A senior U.S. House lawmaker told reporters that a COVID-19 relief package would include a new round of payroll assistance for U.S. airline workers.FILE PHOTO: Representative Peter DeFazio (D-OR) speaks during a House Transportation and Infrastructure Aviation Subcommittee hearing in Washington, D.C., U.S., July 17, 2019. REUTERS/Erin ScottRepresentative Peter DeFazio, who chairs the House Transportation and Infrastructure […]
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FILE PHOTO: Bottles of Russia’s “Sputnik-V” COVID-19 vaccine are seen before inoculation at a clinic in Tver, Russia, October 12, 2020. REUTERS/Tatyana MakeyevaBRASILIA (Reuters) – Brazilian pharmaceutical company União Química expects health regulator Anvisa to approve emergency use of Russia’s Sputnik V vaccine against COVID-19 next week, its director for international business Rogerio Rosso told Reuters on Friday. Rosso said […]
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WASHINGTON (Reuters) – After lackluster jobs data showed the U.S. labor market recovery is stalling, President Joe Biden and his economic team on Friday hammered home the same message in meetings, interviews and television appearances: It’s time to put more money into the economy.FILE PHOTO: U.S. President Joe Biden, flanked by Vice President Kamala Harris and Speaker of the House […]
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(Reuters) – The Biden administration is exploring every option for increasing manufacturing of Johnson & Johnson’s COVID-19 vaccine, which is under regulatory review, and said on Friday that currently expected levels of early doses were less than hoped.FILE PHOTO: Vials with a sticker reading, “COVID-19 / Coronavirus vaccine / Injection only” and a medical syringe are seen in front of […]
Read moreRobinhood CEO going to DC will be ‘crazy hearing where you don’t get a lot of answers’: Ben Domenech The Federalist co-founder and publisher Ben Domenech weighs in on the Robinhood CEO testifying in D.C. and the Biden administration moving towards a more progressive agenda. Investors who feel wronged by Robinhood Markets Inc.’s decision to restrict trading in some securities […]
Read moreRobinhood frenzy will be taken ‘very seriously’: Lockhart Former Federal Reserve Bank of Atlanta President Dennis Lockhart reveals his expectations for Treasury Secretary Janet Yellen’s meeting with regulators on Robinhood and a new stimulus package in Washington. Online brokerage app Robinhood said on Thursday it has removed temporary trading restrictions on all stocks, including GameStop Corp and AMC Entertainment Holdings Inc, according […]
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Blowout earnings are forcing analysts to up estimates for 2021. With a little more than half of companies reporting, earnings are proving to be a pleasant surprise for the trading community. The GameStop/Robinhood fiasco is turning out to be a minor blip in the markets in the first weeks of 2021. The main theme that ended 2020 — the belief in […]
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