Robinhood tells customers it will allow ‘limited buys’ amid GameStop, AMC trading frenzy

Robinhood, the online trading platform at the center of a speculative frenzy involving shares of GameStop, AMC and other flailing companies, told its customers Thursday that it would be allowing “limited buys” of these companies starting Friday.

GameStop stock explained: Here’s what short selling is and why it’s shaking up Wall Street

Amid the recent astronomical surge in value of shares of struggling companies like GameStop and AMC, trading strategies like short selling and short squeezing have been trending all over social media, leaving many scrambling to keep up. Here’s what you need to know to understand what’s going on.

GameStop stock price frenzy: What to know

Trading volume has surged in shares of GameStop, AMC Entertainment, as well as Bed Bath & Beyond and BlackBerry, stunning Wall Street firms betting that those stocks would fall.

US economy shrank 3.5% in last year after growing 4% last quarter

Stuck in the grip of a viral pandemic, the U.S. economy grew at a 4% annual rate in the final three months of 2020 and shrank last year by the largest amount in 74 years.

Unemployment claims drop; still at 847,000 as pandemic rages on

The number of Americans applying for unemployment benefits fell to a historically high 847,000 last week, a sign that layoffs remain high as the coronavirus pandemic continues to rage.

Bernie Sanders' mittens meme merch helped raise $1.8M for charity

Sen. Bernie Sanders capitalized on his viral mittens meme and put it in merchandise which then raised millions of dollars for charity.

Janet Yellen wins Senate approval to become 1st female Treasury secretary

Janet Yellen has been confirmed as Biden’s treasury secretary in an overwhelming Senate vote, the first woman to hold the job in the department's 232-year history.

Biden signs executive order for government to buy more US goods

President Joe Biden signed on Monday an executive order that aims to boost government purchases from U.S. manufacturers, according to administration officials.

Stimulus checks and your 2020 taxes: All of your questions, answered

The federal government has delivered two stimulus checks to tens of millions of Americans as part of an effort to blunt the economic pain triggered by the coronavirus pandemic, but many are wondering how the payments could affect your 2020 taxes as filing season approaches.

Biden's Treasury secretary nominee Janet Yellen clears Senate committee

The Senate Finance Committee has approved President Joe Biden’s nomination of Janet Yellen to be the nation’s 78th Treasury secretary.

Mega Millions jackpot soars to $1 billion amid slow sales

The jackpot for the Mega Millions lottery game has grown to $1 billion ahead of Friday night’s drawing after more than four months without a winner.

Unemployment rate in Pennsylvania remains stable as payrolls shrink

Pennsylvania’s unemployment rate remained stable and on par with the national rate in December, although the labor force and payrolls shrank, according to state figures released Friday.

Unemployment claims fall to a still-high 900,000

Fewer Americans applied for unemployment benefits last week, lowering claims to 900,000, still a historically high level that points to further job cuts in a raging pandemic.

Biden to make 3rd round of stimulus a top priority

As President-elect Biden prepares to take office today, he's made it clear that a third round of stimulus payments is one of his top priorities. But there are still questions as to when Americans could see the payments and who will be eligible.