Family of novice investor who killed himself sue Robinhood
The family of a novice stock trader who killed himself after mistakenly believing he lost more than $700,000 are suing Robinhood Financial, claiming the popular stock-trading platform’s business practices “directly” led to their son’s death. The complaint, filed Monday in state court in Santa Clara County, California, seeks unspecified damages on behalf of the parents and sister of Alex Kearns for wrongful death, negligent infliction of emotional distress and unfair business practices.
9 Ways COVID-19 Changed the Global Economy
It becomes more clear as the days and months pass that the world is unlikely to return to the pre-pandemic "normal." The pandemic's impact has only accelerated many trends that were already underway in the global economy.
US jobless claims fall slightly to 793,000 with layoffs high
The number of Americans seeking unemployment benefits fell slightly last week to 793,000, evidence that job cuts remain high despite a substantial decline in new confirmed viral infections.
Bezos and Bloomberg among top 50 US charity donors for 2020
As the world grappled with COVID-19, a recession and a racial reckoning, the ultrawealthy gave to a broader set of causes than ever before — bestowing multimillion-dollar gifts on food pantries, historically Black colleges and universities and organizations that serve the poor and the homeless, according to the Chronicle of Philanthropy’s annual rankings of the 50 Americans who gave the most to charity last year.
Stocks push to more gains, and record highs, on Wall Street
U.S. stocks notched more gains and pushed to new highs Monday, extending a winning streak that just gave the market its best weekly gain since November.
