JOBS ON THE RISE, VIRGIN’S BRANSON FLIES & ROBINHOOD’S LYING EYES
Joseph Hargett, 02 July 2021
That’s right: The Labor Department said this morning that the U.S. economy added a better-than-expected 850,000 jobs in June … and economists are both excited and scared. On one hand, economists praised the strong jobs growth as proof that the economy is continuing to rebound strongly from the COVID-19 pandemic.
“Things are picking up,” said Indeed Economist Nick Bunker. “While labor supply may not be as responsive as some employers might like, they are adding jobs at an increasing rate.” Continue reading “Article: JOBS ON THE RISE, VIRGIN’S BRANSON FLIES & ROBINHOOD’S LYING EYES”
Robinhood’s Big Gamble
Sheelah Kolhatkar, 10 May 2021
Early on the morning of January 19th, Cody Herdman woke to the vibration of his smartphone alarm under his pillow. He immediately checked the finance app Robinhood for the trading price of a company called GameStop. Herdman, who is nineteen, is a freshman computer-science major at Dakota State University, where until recently he played center for the Dakota State Trojans football team, and he had been investing in the stock market for a month.
Robinhood, which offers zero-commission trading in stocks and cryptocurrencies, pitches itself as an enlightened version of Wall Street; its stated mission is to “democratize finance for all.” Herdman’s friend Chase Bradshaw had introduced him to trading on the app, which now consumed much of the time that he used to spend playing video games. Continue reading “Article: Robinhood’s Big Gamble”