Commerce Secretary Gina Raimondo: Competition regulation will stimulate innovation

Robinhood pauses the buying of GameStop shares

Only in 2021. In recent days, Reddit users have driven up shares of much-shorted stocks, especially those of GameStop, a video game retailer. They squeezed hedge funds and enabled massive losses for the likes of Steve Cohen and Dan Sundheim. Now, stock-trading apps such as Robinhood have paused purchases on such shares. “We continuously monitor […]

Why was Bob Dylan’s purchase of his gigantic music catalogue a tax move?

For quite a few reasons, overdue 2020 might be the complete best minute to market a top-tier audio catalogue, and Bob Dylan’s catalogue is on a grade of its {} the very top. Universal Music Group declared about Dec. 7 that it’d purchased Dylan’s catalogue of some 600 tunes; while UMG did not disclose the […]

New Year’s Eve will be a dud for restaurants

In a fitting end to what has been a nightmare 2020 for the dining industry, restaurants and bars will largely miss out on what should be one of the most lucrative nights of the year. New Year’s Eve—famous for overpriced meals and plenty of alcoholic beverages—will be a quiet affair as restaurants grapple with occupancy limits, early […]