Category: Business

The path has been cleared for Nigeria’s Ngozi Okonjo-Iweala to become the first woman and the first African to lead the World Trade Organization after South Korea’s candidate pulled out of the race for the job. Yoo Myung-hee, the South Korean trade minister, announced her decision to withdraw in a televised briefing on Friday. Okonjo-Iweala, […]

The first jobs report of the Joe Biden presidency was less than OK — but Wall Street cheered anyway. Stocks rose Friday, extending all-time highs for the S&P 500 and Nasdaq. The Dow gained more than 90 points, or 0.3% on Friday, while the S&P added 0.4% and the Nasdaq rose 0.6%. The government said […]

America’s jobs recovery has lost steam: Even though 49,000 jobs were added in January, the nation is still down nearly 10 million jobs since before the pandemic. Friday’s January jobs report also showed that the unemployment rate fell to 6.3%, beating economists’ expectations, marking the first decrease in two months. The return of some jobs […]

Thousands of Amazon warehouse workers at an Alabama facility will be able to cast their votes on whether to unionize by mail-in ballots beginning next week after the National Labor Relations Board rejected the company’s latest attempt to stall the vote by pushing for it to be held in-person, despite the pandemic. In a decision […]

Robinhood lifted trading limits on GameStop, AMC and other Reddit favorites Friday, easing restrictions that engulfed the free trading app in controversy last week. “There are currently no temporary limits to increasing your positions,” Robinhood said in a blog post. Robinhood outraged customers and lawmakers last week by temporarily suspending purchases of GameStop (GME), AMC […]

Reddit favorite GameStop (GME) isn’t looking so hot this week and some of the stock’s biggest backers are freaking out. After selling off sharply all week, the stock fell another 42% Thursday. “Stop f—ing selling GME,” is the title of a thread on the WallStreetBets forum, home of the Reddit army that boosted the gaming […]

Kuaishou’s stock skyrocketed in value Friday as the TikTok-like video app scored the world’s biggest IPO since the coronavirus pandemic began. Shares closed at 300 Hong Kong dollars ($38.70) apiece, marking a 161% jump over the 115 Hong Kong dollars ($14.80) the firm issued them at. It raised a total of 41.28 billion Hong Kong […]