Bank earnings, Biden plan lead stocks lower, car plants shut down as chips run short, and Republicans face growing corporate backlash.
Stocks on Wall Street rebounded Thursday following a string of strong earnings reports from companies like Apple and Comcast, the GameStop saga has shown how retail traders can make stocks move in ways that defy logic, and General Motors said it was setting a goal to sell all its new cars, SUVs, and light pickup trucks with zero tailpipe emissions by 2035.
January 29, 2021
Shares of GameStop were cut in half and silver prices retreated; Amazon founder Jeff Bezos announced he will step down as company CEO in the third quarter of the year; and Impossible Foods said it would cut the prices of its faux meat patties by 20% at US grocery stores.
February 4, 2021