Money

HNA Group was once one of China’s largest conglomerates, spending billions of dollars to expand its reach around the world. Now it could go bankrupt. The Hainan-based company’s creditors have asked a Chinese court to approve plans for the company to enter bankruptcy, HNA said in a statement Friday. The creditors said the conglomerate couldn’t

The GameStop mania that’s hijacked US markets is grabbing the attention of investors all over the world, as traders from London to Mumbai try to get in on the action. What’s happening: Shares of companies that are heavily shorted — indicating that institutional investors are betting they will fall — have been scooped up on

Skinny jeans have had their moment. Comfy clothing is what consumers want now, and Levi’s is ready to deliver with more generous-fitting and downright baggy jeans this year. The iconic American denim brand said it’s helping facilitate the switch from skinny to baggy. “I think we’re kind of leading this trend to some extent,” Levi

Comedian and former “Daily Show” host Jon Stewart is finally on Twitter, and his first tweet was about the GameStop-Reddit mayhem on Wall Street. “This is bulls**t. The Redditors aren’t cheating, they’re joining a party Wall Street insiders have been enjoying for years. “Don’t shut them down…maybe sue them for copyright infringement instead!! We’ve learned

The frenzy over GameStop has inspired amateurs everywhere to shake up stock markets. Now China’s massive army of retail investors wants to get in on the action. Talk of the video game retailer’s epic share surge has taken over Chinese social media and the eye-popping gains in that stock and others have become the envy

Robinhood raised $1 billion from existing investors just hours after it halted purchases of GameStop, suggesting the free-trading app faced a potential cash shortage. The startup faced a bipartisan backlash Thursday for its decision to limit trading — a move that ran counter to its stated mission of democratizing investing. “This is a strong sign

GameStop traders sent the stock on a wild ride Thursday, and it looks set for another manic session Friday. The stock lost more than 44% of its value on Thursday after surging nearly 40% at one point earlier in the day. Adding to the drama? The trading platform Robinhood restricted trading in the red hot

Robinhood raised $1 billion from existing investors just hours after it halted purchases of GameStop, suggesting the free-trading app faced a potential cash shortage. The startup faced a bipartisan backlash Thursday for its decision to limit trading — a move that ran counter to its stated mission of democratizing investing. “This is a strong sign

A Robinhood customer filed a class-action lawsuit against the stock-trading app Thursday after the company barred traders from buying shares of GameStop promoted by WallStreetBets, a popular Reddit group for investors. The lawsuit, filed in the Southern District of New York, claims that Robinhood’s actions rigged the market against its customers. “Robinhood’s actions were done

The founder of the subreddit WallStreetBets says he never expected the forum to become the force it is now, with hordes of amateur investors driving up stock prices in a showdown with Wall Street short-sellers. “I don’t envy any of them,” WallStreetBets founder Jaime Rogozinski told Julia Chatterley on CNN Thursday. “I’m enjoying this from

A longtime Fox News politics editor, who was fired by the network earlier this month after angering former President Donald Trump, rebuked the current state of American media and skewered right-wing propagandists in a candid opinion piece published Thursday. Chris Stirewalt, who drew scorn from Trump and his supporters after calling the state of Arizona

Robinhood’s free-trading revolution helped pave the way to the recent Reddit mayhem on Wall Street. The rise of Robinhood means that the ability to buy stocks, on a whim, is now at everyone’s fingertips. Robinhood has opened investing up to the masses. Rival online brokerages were forced to mimic Robinhood’s zero-commission business model, and some

GameStop traders sent the stock on a wild ride Thursday. The stock plunged more than 40% Thursday after surging nearly 40% at one point earlier in the day. Adding to the drama? Robinhood said it was restricting trading in the red hot stock as well as several others. “We continuously monitor the markets and make

Law enforcement authorities across several countries have taken down a network of what they describe as the “world’s most dangerous malware.” The malware, Emotet, gained access to users’ computers through infected email attachments, including documents purporting to be “invoices, shipping notices and information about Covid-19,” European police agency Europol, which coordinated the effort, said in

ABC News president James Goldston, who has led the network news division for the past seven years, is stepping down at the end of March. Goldston announced the decision in an internal memo on Thursday afternoon. “I’ve decided this is the right moment to move on as this incredible era of news ends and another

To meet the demand for Amanda Gorman’s unreleased books, her publisher announced it will print one million copies of each of her three titles. Gorman 22, turned heads and stole hearts when she delivered a powerful inauguration poem at the US Capitol on January 20, challenging Americans to unify and “leave behind a country better