Economy - Part 8
Hedge funds that bet against GameStop and other stocks have been crushed by the Reddit army -- and they're infecting the rest of Wall Street.
The most heavily shorted stocks have nearly doubled in value over the last three months, according to Goldman Sac ...[Read more]
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Business groups are preparing for a lobbying fight after Democrats in both chambers reintroduced a bill Tuesday to raise the federal minimum wage to $15 by 2025.
The Raise the Wage Act, spearheaded by incoming Senate Budget Committee Chairman Bernie Sand ...[Read more]
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Brexit checks on animal and food products arriving into Belfast and Larne ports have been suspended amid fears over the safety of staff, Northern Ireland’s agriculture ministry has said.
The decision came after Mid and East Antrim borough council agreed ...[Read more]
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Sen. Bernie Sanders of Vermont on Sunday told ABC host Martha Raddatz that there is a sufficient amount of support within the Democratic Party to pass President Joe Biden's $1.9 trillion coronavirus relief package and warned that failing to immediately di ...[Read more]
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"It's time we reevaluate the standards for approving these mergers. It's time we pass legislation to lower drug prices. And it's time we rethink the structure of leadership at big pharmaceutical companies." ...[Read more]
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When tech platforms, regulatory agencies, and social media companies conspire to swat down share purchases that get in Wall Street’s way, they’re doing us all a favor: they're showing us the ruthlessly hierarchical reality of neoliberalism behind the ...[Read more]
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The world's largest asset manager has been using workers' savings to help companies block initiatives that would force them to reduce their carbon emissions and disclose their dark money spending. ...[Read more]
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As the ongoing GameStop saga sparked renewed calls for a financial transactions tax and other commonsense redistributive measures to tackle soaring inequality and Wall Street abuses, billionaire investor Leon Cooperman took to the airwaves Thursday to fum ...[Read more]
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The online pranksters behind the great GameStop bubble of 2021 are probably going to lose a lot of money. But they’ve done the world a service by reminding us of the utter uselessness of the stock market, an institution that serves no purpose besides ma ...[Read more]
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As President Joe Biden begins rolling out executive orders and legislative proposals aimed at reshaping federal government priorities, when it comes to labor issues, his $15 federal minimum wage proposal, which would increase the minimum wage nationally t ...[Read more]
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As a share of G.D.P., Denmark’s coronavirus relief spending is a bit less than America’s, but it seems more effective at protecting the population.
The upshot is that Denmark staggered through the pandemic with employees still on the payroll and still ...[Read more]
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