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Virus restrictions prompt petitions to oust governor

Grievances over coronavirus restrictions and the outcome of the Breonna Taylor death investigation have spurred petitions to oust two state leaders.

Frenzy reflects bitter political divide »

  • Veteran actor reflects on 'devastating' personal loss

  • Report: Only one team was on Stafford's no-trade list

  • Mike Pence's post-White House plans come into focus

  • 'No one had samples that fit me after giving birth'

  • Heat star's impressive 2nd career outside of NBA

  • Celebrity
    Cosmopolitan

    Kim Kardashian's Bikini Pic Is Sending a Pretttttty Clear Message About Her 'Ship with Kanye RN

    I mean, couldn't be less subtle.

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  • Sports
    Yahoo Sports

    Patrick Reed won’t be getting the benefit of the doubt anytime soon

    • Yahoo Sports

      Patrick Reed defends actions after once again being accused of cheating

    • Associated Press

      Reed dodges controversy to share 54-hole lead at Farmers

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  • Entertainment
    Yahoo Music

    Grammy-nominated electronic artist Sophie dead at 34 after 'terrible accident'

    • USA TODAY Entertainment

      Grammy nominated artist Sophie dies at 34 in Greece after a tragic falling accident

    • INSIDER

      Grammy-nominated producer SOPHIE has died at the age of 34

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  • Business
    Benzinga

    Elon Musk Turns Tough Interviewer For Robinhood CEO, Demands Answers On GameStop Events

    Robinhood Co-founder and CEO Vladimir Tenev made a surprise appearance on Clubhouse early Monday with Tesla Inc (NASDAQ: TSLA) counterpart Elon Musk, who grilled him extensively on recent events. What Happened: Tenev said it had been a “surreal” week for him, in a reference to the Reddit investor-led short squeeze rally in the shares of Gamestop Corp (NYSE: GME), Nokia Oyj (NYSE: NOK), AMC Entertainment Holdings Inc (NYSE: AMC), Blackberry Ltd (NYSE: BB) and others. The brokerage head referred to these stocks as “meme stocks” throughout the broadcast where he appeared to clarify the events of the tumultuous week — when purchase of such stocks was restricted on the popular trading app. Tenev said the app experienced “unprecedented volume” and “load on the system.” He pointed out that the net buys increased exponentially. Robinhood was among the top apps on Apple Inc (NASDAQ: AAPL) and Alphabet Inc’s (NASDAQ: GOOGL) (NASDAQ: GOOG) respective app stores as of last week, Tenev noted. Detailing the sequence of events that led to the suspension of buying in the Reddit-fueled stocks, he said Robinhood received a demand for $3 billion from the National Securities Clearing Corporation in the wee hours of Thursday. NSCC provides clearing, settlement, risk management, and central counterparty services. The executive explained that Robinhood had to put up money for the NSCC based volatility and the concentration of securities but the formula behind the demand was not fully known to him. Why It Matters: The NSCC is not a government agency but is rather controlled by a consortium, as per Tenev. The executive said that on Monday’s opening, some of the “stringent limits” placed on the hot stocks will be removed. Tenev said that some limits would always be in place. “If someone decided to deposit $100 billion and trade in one stock that’s not gonna be possible.” “Citadel and other market makers were not involved in it,” said Tenet in reference to the trading restrictions. NSCC had lowered its deposit requirements to $1.4 billion after Robinhood reached out. After explanations were given on the restrictions, the clearinghouse dropped the deposit to $ 700 million. Tenev admitted that restricting trade was a “bad outcome for customers” but other brokers had also placed similar restrictions. In a lighter moment in the interview, Musk asked Tenev if he was being held hostage while handing out this explanation, to which the Robinhood CEO replied in negation, saying “thanks for asking.” Related Links: Robinhood Gets B Funding, Taps Credit Line As It Prepares To Resume Trading Of GameStop, Other Hot Stocks See more from BenzingaClick here for options trades from BenzingaElon Musk Talks Self-Driving, Batteries, Space, Neuralink, COVID-19 Vaccines, Bitcoin In Clubhouse AppearanceTesla, Charles Schwab — Stocks NYSRTS, One Of US' 10 Largest Pension Funds, Purchased In Q4© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • Politics
    HuffPost

    Jared Kushner Nominated For Nobel Peace Prize. Twitter Says Its Piece.

    • Reuters

      Kushner, Berkowitz nominated for Nobel peace prize for Israel deals

    • Business Insider

      Alan Dershowitz nominated Jared Kushner for a Nobel Peace Prize, citing his work getting Arab states to recognize Israel

    Thanks for your feedback!
  • Business
    Simply Wall St.

    McDonald's Corporation (NYSE:MCD) Just Reported Annual Earnings: Have Analysts Changed Their Mind On The Stock?

    • Simply Wall St.

      Earnings Update: McCormick & Company, Incorporated (NYSE:MKC) Just Reported Its Full-Year Results And Analysts Are Updating Their Forecasts

    • Simply Wall St.

      Rollins, Inc. (NYSE:ROL) Analysts Are Pretty Bullish On The Stock After Recent Results

    Thanks for your feedback!
  • News
    FOX News Videos

    VideoSteve Hilton unveils new evidence linking COVID-19 origins to US-funded research in China

    'The Next Revolution' host breaks down the evidence linking COVID-19 to U.S. funded gain-of-function research in Wuhan.

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February 1 -Your intellect is quite a hit today, so make sure that you are showing off a little. Things are good, but you might need to shore them up a bit if you want to make sure they stay that way.

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