Kuaishou stock soars 160% in world’s biggest IPO since 2019
Kuaishou’s stock skyrocketed in value Friday as the TikTok-like video app scored the world’s biggest IPO since the coronavirus pandemic…
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Stocks pop despite jobs report showing slow recovery
The first jobs report of the Joe Biden presidency was less than okay — but Wall Street cheered anyway. Stocks rose Friday morning, extending…
Continue Reading Robinhood is airing a Super Bowl ad amid its GameStop fiasco
Robinhood, the stock trading app that helped fuel GameStop mania and ended up in a PR crisis, is running a Super Bowl ad. The 30-second spot, which…
Continue Reading Robinhood is airing a Super Bowl amid its GameStop fiasco
Robinhood, the stock trading app that helped fuel GameStop mania and ended up in a PR crisis, is running a Super Bowl ad. The 30-second spot, which…
Continue Reading A week later, Robinhood removes trading restrictions on GameStop and AMC
Robinhood lifted trading limits on GameStop, AMC and other Reddit favorites Friday, easing restrictions that engulfed the free trading app in…
Continue Reading The unemployment rate hasn’t budged in months as America’s jobs crisis drags on
The jobs recovery has hit a roadblock: The US jobless rate hasn’t improved since the fall and economists don’t have high hopes that this…
Continue Reading ‘There is real teeth to this’: Legal experts weigh in on Smartmatic’s $2.7 billion lawsuit against Fox News
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. “This is the…
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Japan’s Kirin ditches Myanmar beer partner because of its ties to the military
Japanese companies bet on Myanmar years ago as the Southeast Asian country emerged from decades of military rule. But this week’s coup has…
Continue Reading UK pulls license of Chinese state-owned broadcaster CGTN
UK regulators have pulled the broadcasting license for China Global Television Network, or CGTN. Media regulator Ofcom said Thursday that it had…
Continue Reading Vale will pay nearly $7 billion over Brazilian dam collapse that killed 270 people
Vale has agreed to pay nearly $7 billion in compensation after a dam collapsed at one of its mines in Brazil two years ago, killing 270 people and…
Continue Reading Kuaishou stock pops 160% in Hong Kong IPO
Kuaishou’s stock more than doubled in value Friday as the TikTok-like video app scored the world’s biggest IPO since the coronavirus…
Continue Reading McKinsey to pay nearly $600 million in settlements over its work with opioid companies
McKinsey & Company, one of the world’s largest consulting firms, will pay nearly $600 million in multiple settlements over its work…
Continue Reading Super Bowl LV will be a bonanza for gambling companies
The Kansas City Chiefs or Tampa Bay Buccaneers? We don’t know who will win Super Bowl LV. But the big sports betting and fantasy firms are…
Continue Reading Ford posts strong results, promises big bet on electric and self-driving cars
Ford reported surprisingly good financial results at the end of a tough year, and said it was increasing its commitment to vehicles of the future…
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I was a member of a cult. Here’s how to bring QAnon believers back to reality
One of the indelible images from the January 6 invasion of the US Capitol is of Jacob Chansley dressed in horns, a bearskin headdress, red, white and…
Continue Reading High-speed trading firm linked to Robinhood is going to war with the SEC
Citadel Securities is under the microscope over its relationship with Robinhood. But the high-frequency trading firm is not laying low. On the same…
Continue Reading After legal threat, Fox airs news package debunking election fraud claims made by its own hosts
If President Trump tunes into Fox News this weekend, he may see something unexpected: a point-by-point fact-check to wild election fraud claims made…
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Voting technology company Smartmatic files $2.7 billion lawsuit against Fox News, Rudy Giuliani and Sidney Powell over ‘disinformation campaign’
A voting technology company swept up in baseless conspiracy theories about the 2020 election filed a monster $2.7 billion lawsuit on Thursday against…
Continue Reading Read the $2.7 billion lawsuit against Fox News, Rudy Guiliani and Sidney Powell
Smartmatic filed a $2.7 billion lawsuit on Thursday against Fox News, some of the network’s star hosts, including Lou Dobbs, Maria Bartiromo…
Continue Reading Automakers are going green to save money, not just the planet
Virtually all of the world’s major automakers are shifting to an all-electric future — and that’s as much about the bottom line as it…
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