 | | | | Social media services including Facebook Inc and Reddit restrict discussions about weapons, drugs and other illegal activity, but their rules do not specifically mention another lucrative regulated good: stocks. | | | | | | U.S. stock indexes dropped, closing out the Friday session with the biggest weekly fall since October, as investors gauged the ramifications of Johnson & Johnson's COVID-19 vaccine trial results, while a standoff between Wall Street hedge funds and small, retail investors added to volatility. | | | | | | Johnson & Johnson said on Friday that its single-dose vaccine was 66% effective in preventing COVID-19 in a large global trial against multiple variants, giving health officials another weapon to tackle the pandemic. | | | | | | Silver prices jumped and global equity markets sank on Friday amid a growing battle on Wall Street between hedge funds and retail investors, while a dispute over COVID-19 vaccine supply in Europe cooled risk appetite. | | | | | | NEW YORK (Reuters) -Oil prices edged up slightly on Friday but traded in a tight range, and briefly dipped on demand worries due to coronavirus variants and slow vaccine rollouts, which offset a bullish sentiment due to a cut in Saudi Arabian oil supply and falling U.S. oil inventories. | | | | | | The U.S. Securities and Exchange Commission waded into the battle between small investors and Wall Street hedge funds, warning brokerages and the pack of social-media traders that it was watching for potential wrongdoing. | | | | | | Texas Attorney General Ken Paxton issued 13 civil investigative demands on Friday to Robinhood, Discord, Citadel and other trading apps that put curbs on stock trading, his office said in a statement the day after those curbs stalled a rally in shares of GameStop. | | | | | | A chat with U.S. Democratic lawmaker Alexandria Ocasio-Cortez drew more than a million viewers overnight to a website best-known for video game players, where she dissected this week's headline-grabbing battle between Reddit online traders and hedge funds. | | | | | | Britain's financial markets regulator, responding to extreme share price movements in U.S. equity markets in recent days, said it would take "appropriate action" if there was evidence of actions that hurt consumers or markets. | | | | | | Johnson & Johnson said its single-dose vaccine was 72% effective in preventing COVID-19 in the United States but a lower rate of 66% was observed globally in the large trial conducted across three continents and against multiple variants. | | | | | |
