Business & Economy
Associated Press/Photo by Nam Y. Huh

Investment war riles Wall Street

by Lynde Langdon
Posted 1/28/21, 06:12 pm

Retail stock brokerages restricted trading of a number of struggling companies as a financial turf war broke out between hedge funds and internet investors. The conflict started when a volunteer army of investors on social media started buying stock in the electronics retailer GameStop and driving up its share price this month. That rankled big institutions that had shorted the stock in expectation it would fall as the company foundered.

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Economist Walter Williams dies

by Samantha Gobba
Posted 12/03/20, 02:48 am

Walter Williams, who built a career as a professor and writer, died on Wednesday. He was 84. Williams taught his final class on Microeconomic Theory at George Mason University on Tuesday. He was raised in poverty by a single mother in Philadelphia and earned his doctorate in economics from the University of California–Los Angeles in 1972. Heritage Foundation President Kay C. James remembered him as “an incorrigible fighter for freedom.”

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Associated Press/Photo by Christopher Dolan/The Times-Tribune

Pandemic brings saner Black Friday

by Rachel Lynn Aldrich
Posted 11/27/20, 05:01 pm

Just a trickle of shoppers wandered through Macy’s on Herald Square in New York an hour after it opened. Many stores reported—or planned for—smaller crowds on Black Friday, reflecting concerns about further spread of the coronavirus. It will still likely prove the busiest shopping day of the year.

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