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The first jobs report of the Joe Biden presidency was less than okay — but Wall Street cheered anyway. Stocks rose Friday morning, extending all-time highs for the S&P 500 and Nasdaq. The Dow gained more than 180 points, or 0.6% shortly after the opening bell. The government said that 49,000 jobs were added in

It took less than six months for Instagram’s Snapchat clone to catch up to its rival’s audience size and be credited with stunting Snapchat’s user growth just as the company prepared to make its Wall Street debut in 2017. But Instagram and its parent company Facebook are having a harder time doing the same to

Robinhood, the stock trading app that helped fuel GameStop mania and ended up in a PR crisis, is running a Super Bowl ad. The 30-second spot, which will make its TV debut during Sunday’s game, highlights the company’s branding push that it is “opening America’s financial system to everyone.” The commercial features everyday people living

America’s unemployment rate fell to 6.3% in January, beating economists’ expectations but still signaling a sluggish recovery. The US economy added 49,000 jobs last month, according to the government jobs report released Friday morning. This is a developing story. It will be updated

Robinhood lifted trading limits on GameStop, AMC and other Reddit favorites Friday, easing restrictions that engulfed the free trading app in controversy last week. “There are currently no temporary limits to increasing your positions,” Robinhood said in a blog post. Robinhood outraged customers and lawmakers last week by temporarily suspending purchases of GameStop, AMC, BlackBerry

The jobs recovery has hit a roadblock: The US jobless rate hasn’t improved since the fall and economists don’t have high hopes that this changed in January. Economists predict the US jobless rate stayed put at 6.7% in the first month of 2021, which would be the third month in a row with no change.

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. “This is the definition of defamation.” That’s what CNN senior legal analyst Laura Coates told Erin Burnett Thursday night when discussing Smartmatic’s $2.7 billion defamation lawsuit against Fox News, three of the network’s hosts (Lou

UK regulators have pulled the broadcasting license for China Global Television Network, or CGTN. Media regulator Ofcom said Thursday that it had withdrawn the Chinese state-owned channel’s license after an investigation “concluded that the license is wrongfully held by Star China Media Limited.” Ofcom said that Star China Media Limited did not have “editorial responsibility”

The Kansas City Chiefs or Tampa Bay Buccaneers? We don’t know who will win Super Bowl LV. But the big sports betting and fantasy firms are already champs. DraftKings shares have surged nearly 35% this year ahead of Sunday’s big game in Tampa. The stock is up nearly 260% since it went public last April

Ford reported surprisingly good financial results at the end of a tough year, and said it was increasing its commitment to vehicles of the future with a big bet on electric and autonomous driving vehicles. The company said it will invest $29 billion in EVs and AVs. It will require a bit of a catch-up

Two Google engineers have resigned from the tech giant, citing the departure late last year of prominent Black artificial intelligence researcher Timnit Gebru. The resignations are the latest salvos in an ongoing fight between the company and workers who are furious about its lack of diversity. In a letter posted to LinkedIn dated January 5,

One of the indelible images from the January 6 invasion of the US Capitol is of Jacob Chansley dressed in horns, a bearskin headdress, red, white and blue face paint, and carrying a spear. Chansley had been deeply affected by the relentless assertions of former President Donald Trump that the election was stolen. And yet

In January 2020, members of Congress held a hearing to discuss the importance of digital literacy and closing the digital divide, or who has access to broadband internet and who doesn’t. Just weeks later, the coronavirus began sweeping across the country and upending the lives of many Americans. In so doing, it shone an even

In his 2014 annual letter to shareholders, Amazon CEO Jeff Bezos wrote that a “dreamy business offering” comprises at least four elements: “Customers love it, it can grow to very large size, it has strong returns on capital, and it’s durable in time — with the potential to endure for decades.” “When you find one

Citadel Securities is under the microscope over its relationship with Robinhood. But the high-frequency trading firm is not laying low. On the same day that Senator Elizabeth Warren demanded answers on Robinhood’s ties to Citadel Securities and its affiliated hedge fund, the Chicago-based firm officially launched a legal war Tuesday against the Securities and Exchange