Moving

Robinhood co-founder steps down as co-CEO, leaving Vlad Tenev as sole chief ahead of a rumored IPO

4 days ago   |   By Fortune

Robinhood, creator of the popular stock-trading app of the same name, announced on Friday that Vlad Tenev will be the company's sole chief executive, ending an arrangement in which Tenev and cofounder Baiju Bhatt have shared the top job since the company's launch in 2013.
The move comes amid ongoing speculation that Robinhood plans to go public in the coming months, and after the company raised $660 million in a recent Series G funding round.
“Today, Robinhood co-founders Baiju Bhatt and Vlad Tenev shared with our employees that Vlad will assume the role of sole CEO. Baiju will continue in...
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Pfizer seeking emergency use of its COVID-19 vaccine in US

4 days ago   |   By Chron

Emergency use of Pfizer's COVID-19 vaccine would start the clock on a process that could bring limited first shots as early as next month.
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Pfizer Asks FDA To Approve Its COVID-19 Vaccine For Emergency Use

Pfizer Asks FDA To Approve Its COVID-19 Vaccine For Emergency Use

4 days ago   |   By NPR

The pharmaceutical giant and partner BioNTech announced Friday that they are submitting a formal request to the Food and Drug Administration, just days after the vaccine was shown to be 95% effective. (Image credit: Justin Tallis/AFP via Getty Images)
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Wall Street slips amid worries about worsening pandemic

Wall Street slips amid worries about worsening pandemic

4 days ago   |   By Stl Today

NEW YORK - U.S. stocks are pulling a bit lower in Friday morning trading as worries about the worsening pandemic weigh on rising optimism about a coming coronavirus vaccine.
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Wall Street stalls as worries rise about worsening pandemic

Wall Street stalls as worries rise about worsening pandemic

4 days ago   |   By Stl Today

NEW YORK - U.S. stocks are falling in early Friday trading with worries about the worsening pandemic, even amid optimism about a coming coronavirus vaccine.
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Pfizer CEO On Next Steps For Coronavirus Vaccine And His Controversial Stock Trade

Pfizer CEO On Next Steps For Coronavirus Vaccine And His Controversial Stock Trade

4 days ago   |   By NPR

Albert Bourla, head of the pharmaceutical giant, discusses plans for distributing its vaccine, which it says is 95% effective, and explains the timing of his $5.6 mllion sale of Pfizer stock.
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Billionaire investor Byron Wien says the stock market may be getting ahead...

Billionaire investor Byron Wien says the stock market may be getting ahead of itself as the Dow passes 30,000 - but tells long-term investors not to worry

Summary List Placement Billionaire investor Byron Wien told CNBC that the stock market may be getting ahead of itself as the Dow passed 30,000 for the first time ever on... Read more ...

Nikola surges 29% as GM backs EV regulations and investors speculate a deal...

Nikola surges 29% as GM backs EV regulations and investors speculate a deal between the two companies is near

Summary List Placement Electric-truck company Nikola gained as much as 29% on Tuesday after General Motors announced its no longer supporting the Trump administration's efforts... Read more ...

Here are 5 things employers should consider ahead of the new year

Here are 5 things employers should consider ahead of the new year

From the lasting effects of the COVID-19 pandemic on the way we work to the changes expected from a new presidential administration, the final weeks of this year are a good... Read more ...

US home prices climb record 3.1% as low mortgage rates fuel housing-market boom

US home prices climb record 3.1% as low mortgage rates fuel housing-market boom

Summary List Placement US home prices gained a record 3.1% in the third quarter as historically low mortgage rates boosted demand through the summer, the Federal Housing... Read more ...

As virus cases spike, Louisiana governor adds restrictions

As virus cases spike, Louisiana governor adds restrictions

BATON ROUGE, La. - With Louisiana seeing a new spike in coronavirus hospitalizations, Gov. John Bel Edwards on Tuesday toughened restrictions on businesses and gatherings ahead... Read more ...

Warren Buffett wants more small-business aid, less income inequality, and a...

Warren Buffett wants more small-business aid, less income inequality, and a robust economic recovery. He'll be happy to have Janet Yellen as treasury secretary

Summary List Placement Warren Buffett is likely pleased that President-elect Joe Biden intends to appoint Janet Yellen as treasury secretary. The billionaire investor and... Read more ...

Truist leadership: Banking relationships help Atlanta businesses amid...

Truist leadership: Banking relationships help Atlanta businesses amid economic uncertainty

Businesses in the Atlanta region have persevered during Covid-19, whether by pivoting operations to serve customers in a new way or coming up with new products and services for... Read more ...

The Latest: Russia says vaccine candidate effective, cheaper

The Latest: Russia says vaccine candidate effective, cheaper

MOSCOW - Russia has released new results claiming its experimental coronavirus vaccine is highly effective and will cost less than vaccines made by some Western competitors. Read more ...

POWER PLAYERS: 23 of the best financial advisors for millennials

POWER PLAYERS: 23 of the best financial advisors for millennials

Summary List Placement Millennials are staring down their second recession before the oldest of them turn 40 years old. Not only did much of the generation graduate into the... Read more ...

Home Depot agrees to $17.5m settlement in 2014 data breach

Home Depot agrees to $17.5m settlement in 2014 data breach

BOSTON - Home Depot has reached a $17.5 million settlement with the attorney generals of 46 states and the District of Columbia over a 2014 data breach that exposed the payment... Read more ...