During the coronavirus lockdown, a lot of young people started investing in buzzy stocks like GameStop, and you started hearing how people were making thousands of dollars in one day. It was mind-blowing. But it also proved to be a dangerous game — especially if you didn’t really know what […]
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We’re closer to a bitcoin ETF, ‘but we’re not all the way there yet,’ market analyst says
Bitcoin-based exchange-traded funds are closer than ever to becoming a reality, but approval is still a ways away, one market analyst says. The Securities and Exchange Commission is currently reviewing VanEck’s second proposal for a bitcoin ETF. Officials now have roughly two weeks to decide whether to approve, reject or […]
Workers are a year into collecting unemployment benefits. It’s causing problems
People wait in line at a food distribution site in the South Bronx on March 10, 2021 in New York. Spencer Platt | Getty Images News | Getty Images It’s been about a year since millions of Americans filed for unemployment benefits in the early days of the Covid pandemic. […]
$10,000? $50,000? What different amounts of student loan forgiveness would mean for borrowers
The government’s stimulus response to the pandemic may accelerate the trend of companies offering student loan assistance as a benefit. Mark Chilton | iStock | Getty Images Phyllis Wintter has had student debt for more than 30 years. At 67, she still owes around $48,000. Now she hopes that change […]
Fauci says U.S. will likely resume use of J&J Covid vaccine with a warning or restriction
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases testifies at the House Select Subcommittee on the Coronavirus Crisis on the Capitol Hill in Washington, April 15, 2021. Susan Walsh | Pool | Reuters White House chief medical advisor Dr. Anthony Fauci said Sunday he believes the […]
Op-ed: China, Russia deepen cooperation in what could be Biden’s defining challenge as president
ST PETERSBURG, RUSSIA JUNE 7, 2019: China’s President Xi Jinping (L) and Russia’s President Vladimir Putin at a plenary session at the 2019 St Petersburg International Economic Forum (SPIEF). Sergei Bobylev | TASS | Getty Images President Joe Biden faces a nightmare scenario of global consequence: stepped up Chinese-Russian strategic […]
Covid-19 prompted the government to send Americans unprecedented financial help. How that could shape future aid
Halfpoint Images | Moment | Getty Images Millions of Americans have received some form of financial support from the government to help them get through the Covid-19 pandemic. The coronavirus has prompted the federal government to send three sets of stimulus checks, increase federal unemployment benefits and extend the duration […]
The post-pandemic spending spree has begun. Here are 6 things Americans are buying
Shoppers wearing protective masks carry bags on Market Street in San Francisco, California, on Wednesday, April 14, 2021. David Paul Morris | Bloomberg | Getty Images Shoppers are emerging from their cocoons and aspiring to switch it up from sweatpants, stubble and streaming. With each day, more Americans are getting […]
Consumers should stop using Peloton’s Tread+ treadmill, U.S. agency warns
Peloton Co-Founder and CEO John Foley speaks during the TechCrunch Disrupt SF 2018 at Moscone Center on September 6, 2018 in San Francisco. Kimberly White | Getty Images The U.S. Consumer Product Safety Commission on Saturday said consumers should stop using the Tread+ treadmill from exercise equipment maker Peloton if […]
Airlines beef up domestic summer schedules with big jets as international trips remain uncertain
The twin-aisle Boeing 787-9 Dreamliner has a range of more than 7,500 nautical miles, enough to fly passengers on a 15-hour nonstop from Los Angeles to Sydney. This summer, American Airlines plans to use the 285-seat plane on several much shorter routes, like Chicago to Orlando. With many trips abroad […]