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Money & Markets

Smaller investors face down hedge funds, as GameStop soars

NEW YORK — A head-scratching David and Goliath story is playing out on Wall Street over the stock price of a money-losing video game retailer. An army of smaller-pocketed, optimistic investors is throwing dollars and buy orders at the stock of GameStop — in direct opposition to a group of ...

Biden’s choice on econ aid: Deal with GOP or go for it all

WASHINGTON — Joe Biden’s ambitious opening bid, his $1.9 trillion American Rescue economic package, will test the new president’s relationship with Congress and force a crucial choice between his policy vision and a desire for bipartisan unity. Biden became president this week with the ...

Judge says Amazon won’t have to restore Parler web service

Amazon won’t be forced to immediately restore web service to Parler after a federal judge ruled Thursday against a plea to reinstate the fast-growing social media app, which is favored by followers of former President Donald Trump. U.S. District Judge Barbara Rothstein in Seattle said she ...

United Airlines posts $1.9 billion loss in pandemic-laden 4Q

United Airlines said Wednesday that it finished one of the worst years in its history by losing $1.9 billion in the last three months of 2020, and it predicted more of the same in the first quarter of this year. The loss was wider than analysts expected. The number of U.S. airline passengers ...

UnitedHealth overcomes pandemic hit

UnitedHealth’s fourth-quarter earnings tumbled as costs from COVID-19 hit the health insurance provider, but results still easily beat expectations. Health care use rebounded in the final quarter of 2020 after the global pandemic kept people away from doctor offices and surgery centers ...

NRA fights for its future in Texas, New York courts

NEW YORK — The National Rifle Association is in a double-barreled legal battle for its future, moving forward with its bankruptcy case while fighting accusations it only sought Chapter 11 protection to avoid a potentially crippling lawsuit. Lawyers for the influential advocacy group told a ...