Jan 28 Amazon asks regulators to block shareholder proposal to address hate speech By Associated Press Amazon.com, Inc. has asked federal regulators to block multiple shareholder proposals addressing criticism of the company's stances on curbing hate speech, diversity in hiring, workplace conditions and surveillance technologies. Continue reading
Jan 28 Brokerages limit trading in GameStop, sparking outcry By Alex Veiga, Associated Press GameStop stock has rocketed from below $20 to more than $400 this month as a volunteer army of investors on social media challenged big institutions who has placed market bets that the stock would fall. Continue reading
Jan 28 U.S. economy shrank 3.5 percent in 2020 after growing 4 percent last quarter By Martin Crutsinger, Associated Press Stuck in the grip of a viral pandemic, the U.S. economy grew at a 4 percent annual rate in the final three months of 2020 and shrank last year by the largest amount in 74 years. Continue reading
Jan 28 U.S. jobless claims fall but remain high at 847,000 as pandemic rages By Paul Wiseman, Associated Press The number of Americans applying for unemployment benefits fell but remained at a historically high 847,000 last week, a sign that layoffs keep coming as the coronavirus pandemic continues to rage. Continue reading
Jan 27 Watch 6:45 ‘Small army’ of online investors drives stock market frenzy Part of Wednesday's market frenzy was not just a plunge due to the concerns over the pandemic. There's been major tumult in recent days as individual investors and young day traders upend the market and send prices of a few… Continue watching
Jan 27 WATCH: Fed chair Jerome Powell holds press conference on economy By Associated Press The Federal Reserve pledged on Wednesday to keep its low interest rate policies in place even well after the economy has sustained a recovery from the viral pandemic. Continue reading
Jan 27 WATCH: Energy Secretary nominee Jennifer Granholm appears at Senate confirmation hearing By Associated Press Granholm is advocating for the U.S. to become a stronger competitor in renewable energy, such as wind and solar power, that does not emit planet-warming greenhouse gas emissions. Continue reading
Jan 26 Court upholds order for Dakota Access pipeline environmental review By Dave Kolpack, Associated Press U.S. District Judge James Boasberg ruled last year that a more extensive review was necessary than the one already conducted by the U.S. Army Corps of Engineers. Continue reading
Jan 25 Watch 6:39 Biden’s relief plan faces resistance from both sides of the aisle Republicans and some Democrats are pushing back against President Biden's $1.9 trillion relief plan meant to address a host of health and economic issues brought on by the pandemic. Heather Boushey, a member of the Biden administration's White House Council… Continue watching
Jan 25 California proposal would extend eviction protections through June By Adam Beam, Associated Press To be eligible for that protection, tenants must sign a "declaration of hardship" that they they have been impacted by the pandemic and must pay at least 25% of their rent due between Sept. 1 and Jan. 31. Continue reading