PRESS DIGEST- New York Times business news - Feb. 2

Reuters · 02/02/2021 05:19
PRESS DIGEST- New York Times business news - Feb. 2

- The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.


- Robinhood, the trading app at the center of a frenzy over GameStop Corp GME.N and other stocks, raised $2.4 billion from its investors over the weekend, adding to the $1 billion cash infusion it took last week as it tries to steady its finances. https://nyti.ms/3oyBgOI


- Exxon Mobil Corp XOM.N, which has long been criticized by environmentalists, investors and elected leaders for not doing enough to curb climate change, said it would invest $3 billion over the next five years in energy projects that lower emissions. https://nyti.ms/3pLXApC


- Robinhood has decreased the number of companies with trading restrictions to eight from 50, according to an update on its website. https://nyti.ms/3jbZzB4


- The United States economy will return to its pre-pandemic size by the middle of this year, even if Congress does not approve any more federal money to aid the recovery, the Congressional Budget Office said. But it will be years before everyone thrown off the job by the coronavirus is able to return to work. https://nyti.ms/2Yzb1wO



(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))