The GameStop phenomenon hit corporate America in the coffers this week. On Sept. 16, MassMutual paid a $4 million fine to settle a litigation with Massachusetts securities regulators, according to a Wall Street Journal report.  The financial-services company got busted for not properly supervising Keith Gill, the 34-year-old MassMutual employee and YouTuber, who went by the alias “Roaring Kitty” on social media. Gill gained a cult-like following among retail investors on Reddit for posting… Source link

By Laura Vogel If you work in retail, food service, warehouses, or health care, your newest co-workers may be robots, not human. Automation is replacing many of the roles done by people. Robots don’t need breaks, don’t form unions, and can work without stopping. Read on to find the details of automation replacing workers who can get sick with COVID or age out of the workplace. A self check-out kiosk at a Miami Beach store. (Getty Images) CASH REGISTERS / SUPERMARKETS Self-checkouts are a… Source link

On Friday a flight-enthusiast passenger noticed that a Spirit Airlines (SAVE) plane that had taken off a few spots ahead of his United plane (UAL) from the Houston airport was now well him, according to a flight tracker. The passenger, who is also a licensed flight dispatcher, guessed that the Spirit flight was likely flying slower to save money, like a frugal driver on the highway. (Fuel economy usually decreases at 50mph according to the DOE.) This interesting observation exposed an open… Source link

A U.S. Food and Drug Administration (FDA) advisory panel voted Friday against approval of Pfizer (PFE)/BioNTech’s (BNTX) third dose for the U.S. The vote comes after a heated debate in recent weeks over the need for booster or additional shots, which both mRNA companies — Pfizer and Moderna (MRNA) — have advocated for. Dr. Peter Marks, the FDA’s leading expert on vaccines, touched on the controversy in his introductory remarks. “We know that there may be differing opinions of the… Source link

Rep. Alexandria Ocasio-Cortez at the 2021 Met Gala Celebrating In America: A Lexicon Of Fashion, Sept. 13, 2021, New York City (Photo by: NDZ/STAR MAX/IPx 2021) Rep. Alexandria Ocasio-Cortez (D., N.Y.) wore a fancy dress to a fancy party that read “Tax the Rich” on the back. It didn’t catch on. As AOC’s fellow Democrats roll out their biggest legislative package in years, conspicuously missing are major tax hikes on the wealthy—supposedly a staple of Democratic politics. There are… Source link

The most you can lose on any stock (assuming you don’t use leverage) is 100% of your money. But when you pick a company that is really flourishing, you can make more than 100%. One great example is Yandex N.V. (NASDAQ:YNDX) which saw its share price drive 267% higher over five years. And in the last month, the share price has gained 17%. We note that Yandex reported its financial results recently; luckily, you can catch up on the latest revenue and profit numbers in our company… Source link

There’s a storm brewing between the booming cryptocurrency sector and regulators charged with overseeing a white-hot industry, where potential risks to investors are proliferating almost as fast as new products.  Tuesday’s Senate testimony by newly-appointed Securities and Exchange Commission Chairman Gary Gensler did little to shed light on a number of crypto-related controversies — including an evolving battle with Coinbase (COIN), the premier crypto trading platform trying to offer a… Source link

Just like a zombie, Sears continues to show that it refuses to die.  But one market this zombie will no longer be patrolling is its own backyard of Illinois. The company — bankrupt since 2018 and now known as Transformco — said this week it will close its last remaining Sears store in the state on Nov. 14, 2021. A nearby Kmart store had previously been closed.  Sears headquarters is in Hoffman Estates, Ill. The Sears store at Woodfield Mall opened in 1969, and was the location’s first… Source link

Ivan Zhdanov, a key ally of the jailed dissident, tweeted an image of an email he said was from Apple confirming the app was blocked. The email said the app, also called Navalny, was removed because Russia designates the Kremlin critic’s anti-corruption foundation as “extremist,” a reference to his now outlawed political movement. The app therefore contained content that is considered “illegal” in the country. The Navalny app included recommendations for the opposition leader’s “Smart Voting”… Source link

Facebook (FB) has a plan to take over the world of digital wallets, using cryptocurrency to separate it from the likes of PayPal (PYPL) and other digital payment platforms. Its upcoming digital wallet, Novi, will be built upon the still-pending stablecoin Diem. Diem is the cryptocurrency that grew out of Facebook’s in-house project that began in 2017 and was first known as Libra. After it was publicly revealed in 2018, the coin received intense scrutiny in Washington, DC, and around the… Source link