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Agency 63

Billionaire investor Leon Cooperman blasts the Reddit-trader revolution as ‘baloney’ — and says Warren, Sanders, and AOC shouldn’t be deciding the market rules

Summary List Placement Billionaire Leon Cooperman said the idea of Reddit traders targeting the wealthy is "all baloney." The investor said market ethics have been weakening for a long time and the rules need to be followed. "The last thing we need is Elizabeth Warren or Bernie Sanders or AOC getting involved in setting policy."…

A 20-year-old woman has died after being shot in the head at Myanmar’s anti-coup protests

Summary List PlacementA 20-year-old woman shot in the head during protests against Myanmar's military earlier this month has died, becoming the first known casualty of the unrest over the coup. Mya Thweh Thweh Khine, who Reuters reported died on Friday, had been on life support since she was shot in Naypyidaw on February 9.  Myanmar's…

Gen Z-focused fintechs live and die by social media. Here’s how they’re trying to out-influence each other, and traditional banks, to nab 82 million customers for life.

Summary List PlacementTaylor Krebs remembers her friends' reactions when she started using Step, a banking app that caters to Generation Z. Krebs, a ninth-grader, had early access to Step because the company's CEO, CJ MacDonald, is a close family friend. The startup offers a secured credit card and the ability to send and receive money…

Walmart Promises Raises for 425,000 Workers After Strong Holiday Sales

Walmart Inc. said it would raise wages for about 425,000 of its employees after a year in which the Covid-19 pandemic boosted its business and demand for workers who handle online orders. The company reported strong holiday sales but predicted slower growth and higher spending this year. U.S. comparable sales, or those from stores and…