CEO of Robinhood rival shines fresh light on what retail investors are doing. Wall Street needs to pay attention.

From the start of the COVID-19 pandemic two years ago, a newish crowd of retail investors emerged, pouring extra cash into equity markets and steering Wall Street into places they never dreamed of, such as meme stocks. Our call of the dayfrom the founder and chief executive officer of competitive stock trading app Zingeroo, says … Read more

UAW leader says he hasn’t talked to Elon Musk about union vote at Tesla

The leader of the United Auto Workers union said he hasn’t talked with Tesla Inc.’s Elon Musk after the chief executive’s invitation to hold a union vote, but was open to such talks if the company addressed past issues. “I’ve actually not talked to Mr. Musk or any representative of Tesla,” UAW President Ray Curry … Read more

Weekend reads: the slowing housing market and inverted yield curve signal a coming recession

It is human nature to fear missing out as prices skyrocket, But all bubbles burst eventually. Ian Shepherdson of Pantheon Macroeconomics predicts a 25% decline in US home sales. What will that do to prices? Weigh in with your thoughts. A classic signal for a recession On March 24, the yield on five-year US Treasury … Read more

Yale professor monitoring companies still doing business in Russia ups the ante by highlighting those that are now ‘digging in’

The Yale professor who is monitoring companies that are still doing business in Russia following its unprovoked invasion of neighboring Ukraine has upped the ante by reclassifying the list into five categories with the fifth titled “digging in” — or defying public demands for exit. Some 39 companies, including Koch Industries Inc., packaging company Ball … Read more

US jobless claims plunge to lowest level since 1969

The numbers: Initial jobless benefit claims fell by 28,000 to 187,000 in the week ended March 19, the US Labor Department said Thursday. That’s the lowest level since September 1969. Economists polled by the Wall Street Journal had expected claims to total 210,000. Key details: The number of people already collecting jobless benefits fell by … Read more