Shares of Apple Inc. sank to a one-month low Wednesday, and broke below two key chart levels in the process, after the technology behemoth’s two largest shareholders disclosed that they trimmed their stakes.
Vlad Tenev, co-CEO of the online broker Robinhood, will defend his company’s decision in late January to temporarily restrict trading in so-called meme stocks, including GameStop Inc., and push back against allegations that the app’s features encourage investors to buy and sell stocks too frequently or invest in often risky options trading.
President Joe Biden on Wednesday discussed his coronavirus-aid package and infrastructure with labor leaders, continuing a push for two of his top agenda items.