 | | | | Wall Street hedge fund managers, the chief executives of Robinhood and Reddit, and a YouTube streamer known as Roaring Kitty were grilled on Thursday by U.S. lawmakers about the Reddit rally in shares of GameStop Corp. | | | | | | At a grilling by lawmakers over the frenzied trading in retailer GameStop, Keith Gill, a YouTube streamer known as Roaring Kitty, hedge fund managers and the head of Robinhood and Reddit defended their actions. | | | | | | McDonald's Corp on Thursday said it will tie executive bonuses to new goals for diversifying the company and for the first time publicly release demographic details of its workforce. | | | | | | U.S.-based stock funds attracted $7.8 billion in the week to Wednesday, as the S&P 500 traded near a record high, according to Lipper data released on Thursday. | | | | | | Facebook faced backlash from publishers and politicians on Thursday after blocking news feeds in Australia in a surprise escalation of a dispute with the government over a law to require it to share revenue from news. | | | | | | Facebook's move to block all news content in Australia is an attempt to bully a democracy and will stiffen the resolve of legislators across the world to get tough with the big tech companies, a senior British lawmaker said. | | | | | | Oil prices fell on Thursday despite a sharp drop in U.S. crude inventories, as market participants took profits following days of buying spurred by a cold snap in the largest U.S. energy-producing state. | | | | | | The recent trading frenzy centered on GameStop Corp and other "meme" stocks is sparking a wave of investor interest in start-ups aiming to mimic the success of Robinhood Markets Inc, whose no-fee brokerage app has helped drive a trading boom. | | | | | | A gauge of global equity markets fell for a third straight session on Thursday as hints of rising inflation led by higher oil prices and the strongest copper prices in nearly a decade kept traders in check after stocks hit a record high earlier this week. | | | | | | Companies that do not adopt sustainable business strategies can expect less investment as shareholders grow more focused on topics like climate change, BlackRock Inc CEO Laurence Fink said on Thursday. | | | | | |
