Tag Archives: fresh

(Bloomberg) — Robinhood Markets Inc. and Citadel Securities responded to renewed criticism of their actions during January’s meme-stock frenzy, after retail investors filed a class-action lawsuit last week. Most Read from Bloomberg Citadel Securities, whose founder Ken Griffin testified about the episode during a February congressional hearing, fired off a series of tweets late Monday denying allegations that it pressured Robinhood to restrict trading. Robinhood, led by Chief Executive… Source link

A fresh stimulus check may be on the way to you, thanks to your tax return More than four months after it started, the pandemic’s third round of stimulus checks is still going. The IRS says it continues to push out millions of relief payments — including extra money to people who already got a third check. The tax agency just announced it has sent out hundreds of thousands more bonus payments to Americans, based on information gleaned from recently filed tax returns. And over 1 million other… Source link

(Bloomberg) — Didi Global Inc. shares fell for a third consecutive day on Wednesday, hitting fresh lows, as China was said to consider closing a loophole used by firms listing their shares abroad. The ride-hailing company fell 4.6% in New York trading to close at $11.91. The American depositary shares slumped 20% in Tuesday’s session, and now trade 15% lower than the $14 they were sold at in the IPO. Didi’s offering was the second-largest U.S.-listing for a Chinese firm on record. The… Source link

Stock futures drifted sideways on Tuesday to hold near record levels, as traders prepared to return to a relatively sanguine session following a holiday weekend in the U.S.  Contracts on the S&P 500, Dow and Nasdaq hugged the flat line. Each of the major indexes jumped to fresh record highs on Friday, propelled by a June jobs report that reflected a healthy pace of recovery in the labor market but that did not suggest an overheating economy.  Oil prices climbed amid a breakdown in… Source link

European Union regulators took aim at the heart of Google’s business model on Tuesday, announcing that the Silicon Valley giant is the subject of a new antitrust investigation for potentially abusing its dominance in the online advertising market to stifle competition. The investigation is part of a broader push by the European authorities to clamp down on the world’s largest technology companies. Amazon, Apple and Facebook are also the subject of antitrust actions by the 27-nation bloc,… Source link

Workers filing for new unemployment benefits fell to a new pandemic-era low in the latest week, hitting their lowest levels in more than a year as the labor market continued to heal from the worst days of the COVID-19 outbreak.  The Department of Labor released its weekly report on new jobless claims Thursday at 8:30 a.m. ET. Here were the main metrics expected from the report, compared to consensus data compiled by Bloomberg: Initial jobless claims, week ended May 15: 444,000 vs. 450,000… Source link

New weekly jobless claims set a new pandemic-era low last week, falling below 500,000 for the first time since March 2020, with initial filings trending decidedly lower in recent weeks amid the pick-up in economic activity.  The Department of Labor released its weekly report on new jobless claims Thursday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus data compiled by Bloomberg: Initial jobless claims, week ended May 1: 498,000 vs. 538,000 expected and a… Source link

Bloomberg As Sanjeev Gupta Rose From Trader to Tycoon, Several Banks Backed Away (Bloomberg) — British industrialist Sanjeev Gupta’s companies seemed to be prospering until his main lender, Greensill Capital, imploded last month. But long before Greensill collapsed, several banks had cut off the commodity trading business of Gupta’s Liberty House Group.Four banks stopped working with Gupta’s commodity trading business, starting in 2016, after they became concerned about what they… Source link

Google’s release of details for its momentous downtown San Jose transit-oriented housing and commercial development is the best news the city has received since the pandemic hit just over a year ago. The details, unveiled Tuesday, appear to have the blessing of business, labor and community groups — a rare feat in today’s political environment. The fears that COVID-19 would potentially kill part, or all, of the project can be set aside, at least for now. The proposal still needs to… Source link

Topline Google will contribute €25 million ($29 million) to the European Union’s newly established European Media and Information Fund to tackle misinformation and fake news, the company announced Wednesday, as big tech companies face criticism and mounting scrutiny for failing to curb the spread of misinformation online. Google will contribute €25 million ($29 million) to the European Union’s newly established European … [+] Media and Information Fund zz/John… Source link