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.
Lawmaker proposes change to $15 minimum wage
Residents across Central Florida have some strong opinions about a proposed amendment to change the $15 minimum wage which voters passed into law in November.
Gov. DeSantis rolls out $96.6 billion budget
During a news conference at the Capitol, DeSantis said his proposal would increase funding for public schools, continue funneling money into environmental issues such as Everglades restoration and direct dollars to initiatives like helping address sea-level rise.
GameStop stock frenzy: Robinhood, others limit trading, sparking lawsuit and Senate panel hearing
Robinhood and other online trading platforms moved to restrict trading in GameStop and other stocks that have soared recently due to rabid buying by smaller investors.
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.
Port Canaveral projecting $43 million loss as cruises are delayed
Cruise lines face almost a year without U.S. sailings, with more lines that have announced delay after delay.
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.
Rep. Ilhan Omar calls on Biden to back 'recurring cash payments' until economy recovers
The new president has identified economic aid as a top priority since taking office.
Despite pandemic eviction bans, people are still losing their homes
The California eviction moratorium currently expires on January 31. Some people are losing housing despite the moratorium, and others who can't pay are harassed by landlords.
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.
Biden signs executive orders on $15 minimum wage for federal workers, food aid increases
President Joe Biden plans to take executive action to provide a stopgap measure of financial relief to millions of Americans.
Student loan payment pause extended through Sept. 30 by Biden executive orders
After an executive order by President Joe Biden, the U.S. Department of Education will extend the pause on student loan payments and collections until Sept. 30, 2021.
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.
Wall Street stocks rally to records on Inauguration Day 2021
U.S. stocks are rallying to records Wednesday on encouraging earnings reports and continued optimism that new leadership in Washington will mean more support for the struggling economy.
Space Coast tourism expected to bounce back in 2021
Like much of Central Florida, the economy in Brevard County relies heavily on tourism. Officials, there are hoping as the coronavirus vaccine becomes widely distributed, thousands will return to Space Coast beaches, cruise ships, and rocket launch events.
Americans should avoid filing paper tax returns amid backlog, IRS says
The IRS is delaying the start of the 2021 tax season.
Girl Scouts using virtual booths to sell cookies amid the pandemic
The cookie season starts on January 24 in Central Florida.
Jobless claims jump to 965,000 as COVID-19 pandemic takes toll
The number of people seeking unemployment aid soared last week to 965,000, the most since late August and evidence that the resurgent virus has caused a spike in layoffs.