Business

Trading app Robinhood says facing US regulator inquiries

Stock trading app Robinhood on Friday confirmed it is cooperating with inquiries from US regulators into its decision to temporarily throttle purchases of shares in companies such as GameStop during frenzied trading in January.

Business

Airlines plan to ask passengers for contact-tracing details

The U.S. airline industry is pledging to expand the practice of asking passengers on flights to the United States for information that public health officials could use for contact tracing during the pandemic.

Business

Biden plans executive order after semiconductor crunch

The Biden administration is assessing immediate steps to address the semiconductor shortage and plans an executive order to shore up critical supply chain items, a White House spokeswoman said Thursday.

Rolls-Royce says to briefly shut UK engine factories

British aircraft engine manufacturer Rolls-Royce said Monday that it will temporarily shut its jet engine factories for a fortnight this summer to combat a coronavirus-fuelled slump in demand.

Business

US market regulators to study recent trading frenzy

US financial market regulators will study the trading frenzy last week that saw shares like GameStop soar, and ensure investors are protected, the Treasury Department said Thursday.

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