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Robinhood raised $1 billion from existing investors just hours after it halted purchases of GameStop, suggesting the free-trading app faced a potential cash shortage. The startup faced a bipartisan backlash Thursday for its decision to limit trading — a move that ran counter to its stated mission of democratizing investing. “This is a strong sign
Continue ReadingA frightened policeman fires a live round as a warning shot. Young men cowed by baton-wielding officers, drenched in foul smelling chemicals from water cannon, scream abuse. Ultra-Orthodox Jews clashing with Israeli authorities has become an almost daily routine. At the immediate heart of the tensions is the refusal of some elements within the community
Continue ReadingA Robinhood customer filed a class-action lawsuit against the stock-trading app Thursday after the company barred traders from buying shares of GameStop promoted by WallStreetBets, a popular Reddit group for investors. The lawsuit, filed in the Southern District of New York, claims that Robinhood’s actions rigged the market against its customers. “Robinhood’s actions were done
Continue ReadingHope stemming from decreasing Covid-19 numbers has been blunted by the spread of new coronavirus variants. Now, one of the most worrisome strains — first found in South Africa — has been detected for the first time in the US. On Thursday, South Carolina officials confirmed two cases of the more contagious strain, also known
Continue ReadingPakistan’s Supreme Court has ruled that four men convicted of kidnapping and murdering American journalist Daniel Pearl should go free, a move described by the White House as an “affront to terrorism victims everywhere.” Pearl was working as the South Asia bureau chief of the Wall Street Journal in 2002 when he was kidnapped in
Continue ReadingFormer President Donald Trump is focusing his political energy on targeting Rep. Liz Cheney, the third-ranking House Republican, who voted for Trump’s impeachment earlier this month. According to one source, Trump has repeatedly questioned his Republican allies about efforts to remove Cheney from her leadership position and run a primary candidate against her. He has
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Any suggestion that the departure of former US President Donald Trump from Washington would provide a temporary pause in US-China tensions has been swiftly dispelled. In the short time since President Joe Biden was sworn into office, China has flown more than two dozen combat aircraft near to the self-ruled island of Taiwan and passed
Continue ReadingA “remarkably lucky” Australian man who forced a crocodile off his head by prizing open its jaws with his bare hands has managed to escape with minor injuries, paramedics said. The 44-year-old Queensland man fought off the creature while swimming at Lake Placid, near Cairns, on Thursday. He had puncture wounds on each side of
Continue ReadingThe founder of the subreddit WallStreetBets says he never expected the forum to become the force it is now, with hordes of amateur investors driving up stock prices in a showdown with Wall Street short-sellers. “I don’t envy any of them,” WallStreetBets founder Jaime Rogozinski told Julia Chatterley on CNN Thursday. “I’m enjoying this from
Continue ReadingPSA Airlines, one of American Airlines’ largest operators of regional flights, has been “temporarily grounded” by the Federal Aviation Administration for an inspection issue on nearly all of its planes, according to an internal email obtained by CNN. American Airlines tells CNN that 230 of its flights operated by PSA Airlines have been canceled so
Continue ReadingThe annual Sundance Film Festival is going virtual this year. The festival, which kicked off Thursday, may not have the usual crowds strolling around Park City, Utah, but it will still have movies, panel talks and virtual events available to stream from the comfort of your own home. There is a screening schedule available online
Continue ReadingThe chief judge of the federal court in Washington scorched Capitol riot suspects during a hearing on Thursday, calling their actions an assault on American democracy and ruling that a man who had bragged about putting his feet on a desk in House Speaker Nancy Pelosi’s office should stay in jail as he awaits trial.
Continue ReadingWith former President Donald Trump’s Senate impeachment trial increasingly looking like it will end in acquittal, many Democrats are hoping for a swift trial as short as “a matter of days” — and are ready to move on to key items of President Joe Biden’s agenda, starting with delivering a $1.9 trillion Covid relief package.
Continue ReadingCicely Tyson, an award-winning icon of the stage and screen who broke barriers for Black actresses with surpassing dignity, died Thursday, her longtime manager Larry Thompson confirmed to CNN. She was 96. A family statement did not reveal the cause of death. The actress chronicled her lengthy career in her first memoir, “Just As I
Continue ReadingA Florida firefighter turned himself in to authorities in connection with the alleged theft of Covid-19 vaccine meant for coworkers. Anthony Damiano, a captain with Polk County Fire Rescue, allegedly took three syringes containing doses of Moderna’s vaccine, with the intent to give doses to his elderly mother, according to an arrest affidavit. Damiano surrendered
Continue ReadingA longtime Fox News politics editor, who was fired by the network earlier this month after angering former President Donald Trump, rebuked the current state of American media and skewered right-wing propagandists in a candid opinion piece published Thursday. Chris Stirewalt, who drew scorn from Trump and his supporters after calling the state of Arizona
Continue ReadingRobinhood’s free-trading revolution helped pave the way to the recent Reddit mayhem on Wall Street. The rise of Robinhood means that the ability to buy stocks, on a whim, is now at everyone’s fingertips. Robinhood has opened investing up to the masses. Rival online brokerages were forced to mimic Robinhood’s zero-commission business model, and some
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President Joe Biden is reopening enrollment on the federal Affordable Care Act exchanges as part of two health care executive actions that he signed Thursday, taking a step to help uninsured Americans that former President Donald Trump rejected. It’s Biden’s first move toward delivering on his campaign promise to bolster the landmark health reform law
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