GameStop stock explodes for second day, Reddit cheers

More On: gamestop GameStop soars 100 percent as Reddit’s WallStreetBets board crashes GameStop stock jumps as finance chief leaves amid Reddit frenzy Barstool boss confronts ‘rat’ Robinhood CEO over GameStop saga ‘Roaring Kitty’ doubles down on GameStop shares, stock pops GameStop’s stock price exploded again Thursday as Reddit’s army of retail traders launched a second salvo in its rebellion against Wall Street. Shares […]

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Bitcoin, Dogecoin plummet as cryptocurrency rally falters

More On: cryptocurrency Elon Musk’s latest Dogecoin tweet sparks flurry of speculation Tesla has made $1B on Bitcoin — but Elon Musk says price looks ‘high’ Bitcoin’s market value tops $1 trillion as rally continues 11 glorious homes you can now buy with bitcoin Major cryptocurrencies plunged early Tuesday as investors took some steam out of a rally that’s driven […]

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The US is eyeing off an unlikely economic boom

For our free coronavirus pandemic coverage, learn more here. The US economy remains mired in a pandemic winter of shuttered storefronts, high unemployment and sluggish job growth. But on Wall Street and in Washington, attention is shifting to an intriguing if indistinct prospect: a post-COVID boom. Forecasters have always expected the pandemic to be followed by a period of strong […]

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Robinhood and Citadel come under fire during Reddit Rally hearing

More On: markets Bitcoin tops $50,000 for the first time Elon Musk wants major cryptocurrency holders to sell Billionaire trader expected to testify at House ‘Reddit Rally’ hearing Pot stocks soar on renewed hopes of legalization The Reddit Rally saga made its way to Capitol Hill on Thursday with key players like billionaire Ken Griffin getting reamed out by lawmakers […]

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The car industry is betting its future on batteries

As automakers like General Motors, Volkswagen and Ford make bold promises about transitioning to an electrified, emission-free future, one thing is becoming obvious: They will need a lot of batteries. Demand for this indispensable component already outstrips supply, prompting a global gold rush that has investors, established companies and startups racing to develop the technology and build the factories needed […]

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Century 21 to reopen in South Korea later this year

More On: century 21 Century 21 plans hundreds of layoffs as it closes stores in coming weeks Off-price fashion retailer Century 21 files for bankruptcy, to shut all stores Clifford Allen McKenzie, war correspondent and longtime marketing exec, dead at 77 Century 21 guard busted for beatdown on alleged shoplifter This fall, price-conscious fashionistas once again will be able to […]

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Is there any point in an Isa? Decision time as the deadline looms

In the final hour of the tax year last April, a stocks and shares Isa was opened or topped up every seven seconds on the systems of Britain’s largest retail investment company, Hargreaves Lansdown. There is nothing to focus minds more than a deadline, and the approaching end of the tax year on 5 April means people are increasingly looking […]

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The Hindu Explains | Can a ‘bad bank’ solve the growing NPA crisis?

What is the Budget proposal on non-performing assets, and can it help recapitalise public sector banks? The story so far: Finance Minister Nirmala Sitharaman in her Budget speech on Monday revived the idea of a ‘bad bank’ by stating that the Centre proposes to set up an asset reconstruction company to acquire bad loans from banks. While the problem of […]

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DFI Bill will help set up private infra funding: FM

‘Budget relies on private participation’ The legislation for setting up a development finance institution to fund infrastructure projects will allow for such institutions to be formed by the private sector as well, Finance Minister Nirmala Sitharaman told India Inc on Friday, promising an ‘honest leakage-free implementation’ of the Budget proposals for 2021-22. While the Budget has provided a fiscal push […]

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US economy adds 49K jobs in rebound from COVID-fueled loss

More On: jobs report Bad jobs news should help Joe Biden focus on getting US economy moving again US loses jobs for first time since April amid new COVID lockdowns November jobs report shows slower-than-expected numbers US adds 638K jobs in October as COVID recovery slows The US economy added 49,000 jobs in January as the labor market rebounded from […]

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