[ad_1] Weeks after Reddit community r/WallStreetBets shitposted GameStop stock up to more than $400 a share, the House Financial Services Committee pulled all of the major players in for questioning on Thursday. The hearing featured: Robinhood CEO Vlad Tenev, whose commission-free brokerage platform made WallStreetBets’ GameStop short squeeze possible — well, until it didn’t, and…
[ad_1] Extreme E’s ‘floating paddock’ the St. Helena has set sail for Saudi Arabia. Yep, the all-electric off-road cousin of Formula E is actually happening people. Get ready. There have been delays to the worldwide race calendar (for obvious reasons), but after 17 to 20 days at sea the ex-Royal Mail ship will take its place…
[ad_1] Walmart Inc. (WMT) – Get Report posted weaker-than-expected fourth-quarter earnings Thursday, thanks in part to a charge linked to taxes in the United Kingdom, but still managed record sales of more than $150 billion as U.S. shoppers continued to favor big-box retailers over smaller rivals. A planned surge in investment costs, however, and a tepid…
[ad_1] Keir Starmer has used a speech to set out his vision for how Labour would seek to rebuild the UK after the coronavirus crisis, giving a handful of specific policy ideas and several more general approaches. Here are the main points. British recovery bond An official savings scheme intended to harvest the additional savings…
[ad_1] Jensen Huang, president and CEO of Nvidia, speaks during the company’s event at the 2019 Consumer Electronics Show in Las Vegas on Jan. 6, 2019. David Paul Morris | Bloomberg | Getty Images Nvidia on Thursday announced it will release a new series of semiconductors specifically for mining ether, the second-largest digital cryptocurrency. The…
[ad_1] SAG-AFTRA and the AFL-CIO will host their third annual Labor Innovation & Technology Summit on Friday – a full-day virtual program bringing together union, technology, entertainment and media leaders to discuss the future of work. This year’s Summit will include discussions with key industry leaders & influencers on:• The rise of streaming services• The…
[ad_1] Check out the companies making headlines before the bell: Walmart (WMT) – Walmart reported adjusted quarterly earnings of $1.39 per share, which includes a 7-cent impact from UK tax repayment. The consensus estimate had been $1.50. Revenue did beat forecasts, and US comparable sales excluding fuel were up 8.6% compared to the 5.8% FactSet…
[ad_1] It’s a sign of how bad things have got for Sir Keir Starmer that the Labour leader felt the need to float his idea for British recovery bonds in his speech on the economy. Opposition leaders tend to keep specific policy proposals under wraps in the early stages of a parliament because they know…
[ad_1] Goldman Sachs’ digital-only consumer bank added an investment tool to bolster its fintech offering. This positions it as a cheaper alternative to incumbents and a direct threat to fintechs’ own rebundling. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech industry. Learn more about becoming a client. The US-based financial services…
[ad_1] Pfizer-BioNTech’s COVID-19 vaccine produces a weakened immune response against the variant found in South Africa, a study suggests. The vaccine produced two-thirds less neutralizing antibodies against a lab-made virus designed to mimic the variant. The study’s author said that the vaccine will probably still be protective in real-life, per Reuters. Visit the Business section…