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Where does the GameStop mania end?

From Wall Street to the White House, everyone is watching GameStop shares. What’s happening: Stock in the left-for-dead video game retailer shot up an astonishing 135% to $347.51 on Wednesday, bringing gains since the start of January to 1,745%. In the battle between day traders coordinating on Reddit and legacy hedge funds betting GameStop shares…MORE

Southwest Airlines reports first loss in 48 years

Southwest Airlines reports first loss in 48 years

The last time Southwest Airlines posted an annual loss was 1972, when it was a small upstart airline flying a handful of planes on Texas-only routes. Since then, it has grown to become the nation’s fourth largest airline, reporting 47 consecutive profitable years while its largest rivals flew into and out of bankruptcy during the…MORE

Europe has a vaccine shortage. So why is it fighting with AstraZeneca?

Europe has a vaccine shortage. So why is it fighting with AstraZeneca?

The European Union has been locked in a very public and acrimonious fight with AstraZeneca over vaccine delays. The temperature may have cooled slightly after a meeting late Wednesday, which both sides said was constructive, but the problem hasn’t been fixed yet and the stakes for EU countries are high. These are the battle lines:…MORE

Stimulus checks won’t be taxed, but unemployment benefits will be

Stimulus checks won’t be taxed, but unemployment benefits will be

The federal government has sent billions of dollars directly to Americans to help them cope with the economic fallout of the pandemic, but now that tax season is approaching, some people could find they owe some of the money back. It depends on the type of benefit. The two rounds of direct stimulus payments that…MORE

Donald Trump’s final economic report card could be very underwhelming

Donald Trump’s final economic report card could be very underwhelming

Economists are grading on a curve. That’s not a good thing if you’re former President Donald Trump. US gross domestic product, the broadest measure of economic activity, is forecast to have grown at an annualized rate of 4% between October and December. In a normal year, that would be something to celebrate — an A+…MORE