Chick-fil-A payment system crash sparks chaos

[ad_1] On Friday, Chick-fil-A couldn’t process payments for about an hour. The outage was linked to the chain’s third-party payment system. Many Chick-fil-A customers ended up getting free food when they couldn’t pay. Visit Insider’s Business section for more stories. Many Chick-fil-A customers experienced an unexpected outage on Friday. A representative for Chick-fil-A confirmed to … Read more

SEC suspends trading of 15 stocks that made social media headlines

[ad_1] (Bloomberg) – US regulators are embarking on the stock market version of the whack-a-mole – rushing to suspend the shares of companies with questionable prospects that have been hypnotized on social media. In a Friday statement, the Securities and Exchange Commission said it had temporarily halted trading at 15 companies over fears their stock … Read more

Biden administration buys 100,000 doses of Lilly antibodies

[ad_1] The Biden administration on Friday announced an agreement to purchase 100,000 doses of Eli Lilly’s monoclonal antibody cocktail, recently cleared by the Food and Drug Administration (FDA). The move will increase the available supply of one of the few proven treatments for people with COVID-19. Antibody-based drugs are allowed in patients who are at … Read more

Canada to receive 6.5 million Covid-19 vaccines by end of March

[ad_1] During a press briefing on Friday, Trudeau reiterated that he expected every Canadian who wants a vaccine to receive one by September. Trudeau told reporters that Canada has obtained two million additional doses of the AstraZeneca vaccine through Verity Pharmaceuticals and the Serum Institute of India. The first shipment of 500,000 vaccines should arrive … Read more

Here’s what a hedge fund trader says happened during Thursday’s bond market slump, which sent the 10-year Treasury yield down to 1.60%

[ad_1] A whirlwind of selling separated the bond markets on Thursday. Even for an investment veteran like Gang Hu, the forced unfolding of popular midweek trades in the Treasurys market has been among the most violent of his career. “What happened on Thursday was a complete drain on risk appetite in the fixed income arena,” … Read more

Robinhood plans to file confidential IPO as early as March – Bloomberg

[ad_1] Robinhood plans confidential IPO filing as early as MarchBloomberg Robinhood could be fined for breaking FINRA rulesCNBC Television SEC Reviews Robinhood’s Trading Stops and Options PracticesBarron’s Robinhood in talks to settle Finra polls on options trading practices, outagesThe Wall Street Journal US regulators poll Robinhood on trade brakesYahoo finance View full coverage on Google … Read more

Griddy loses access to Texas power grid, all of his customers

[ad_1] By Gary McWilliams | Reuters HOUSTON – The Texas power grid operator on Friday canceled Griddy Energy LLC’s access to the state’s power grid and shifted all of its customers to other utilities, according to a notice from the grid operator. Griddy was the electricity distributor that sold electricity to consumers at wholesale rates, … Read more

AMC Entertainment Approves Millions of Senior Executive Bonuses

[ad_1] FILE PHOTO: Closed signs are seen at an AMC theater during the coronavirus disease (COVID-19) outbreak, in New York City, United States, April 29, 2020. REUTERS / Brendan McDermid (Reuters) – AMC Entertainment Holdings has approved millions in bonuses for its senior executives and eligible employees to preserve shareholder value during the COVID-19 pandemic, … Read more