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A U.S. House committee on Thursday approved a proposal to give airlines another $14 billion in payroll assistance as part of a broader COVID-19 relief package that is working its way through Congress.
U.S. House panel approves another $14 bn for pandemic-hit airlines
Reuters
February 11 |
Updated on
February 12, 2021
× A U.S. House committee on Thursday approved a proposal to give airlines another $14 billion in payroll assistance as part of a broader Covid-19 relief package that is working its way through Congress.
It would be the third round of support for the pandemic-hit industry. American Airlines and United Airlines have warned of some 27,000 furloughs without an extension of the current package that expires on April 1.
The House of Representatives Financial Services Committee on a 29-24 vote approved the $14 billion for airlines and $1billion for contractors to cover payroll through September.
<div class="at-above-post addthis tool" data-url="https://www.metro.us/robinhood-is-new-eye/"></div>LONDON/SINGAPORE (Reuters) – Online broker Robinhood has been one of the hottest venues in this week’s retail-trading frenzy but its sudden curbs on buying of some hot stocks have raised the ire of customers, celebrities and politicians who argue it unfairly benefits bigger investors. The firm has also tapped a credit line so that it […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/robinhood-is-new-eye/"></div><! AddThis
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Jan 28 (Reuters) - Robinhood online brokerage has been one of the hottest venues for investors in a retail trading frenzy. Now it is in the line of fire from angry customers, disgruntled celebrities and politicians.
Citing market volatility and the need to keep investors informed, the Menlo Park, California-based app said on a blog that it was halting trading of viral stocks including GameStop , AMC Entertainment, American Airlines and Nokia and raised margin requirements for certain securities.
Robinhood said in a later post that starting Friday, it planned to allow limited buys of these securities.