Author: Associated Press

How we got here: an explanation of GameStop’s stock surge and its shakeup of Wall Street

NEW YORK (AP) — It’s not just you. What’s going on with GameStop’s stock doesn’t make sense to a lot of people. The struggling video game retailer’s stock has been making stupefying moves this month, wild enough to raise concerns from professional investors on Wall Street to the hallways of regulators and the White House in Washington. The frenzy hit…

Democrats prepared to act on Biden’s $1.9T aid without republican help

WASHINGTON (AP) – Democrats are rejecting a Republican pitch to split President Joe Biden’s $1.9 trillion COVID-19 rescue plan into smaller chunks. Democrats and the White House appear ready to leave their GOP opponents behind and push the sweeping economic and virus aid forward on their own. Despite Biden’s calls for unity, Democrats say the stubbornly high unemployment numbers and…

Democrats prepare to push forward Biden’s COVID relief package

WASHINGTON (AP) – Senate Democrats are preparing to push ahead with President Joe Biden’s $1.9 trillion COVID-19 relief package. Senate Majority Leader Chuck Schumer told senators Tuesday to be ready to vote as soon as next week on a budget reconciliation package that would lay the groundwork for swift passage. The action provides a first test of Republican opposition to…