The Daily Populous

Sunday July 4th, 2021 day edition

image for Feds Seized Robinhood CEO's Phone in GameStop Trading Halt Investigation

Robinhood, the stock trading app that was subject to a record fine Wednesday, announced it intends to go public Thursday.

The company also said it is under investigation by a series of regulators, state attorneys general, the SEC, and the U.S. Department of Justice in proceedings associated with the trading restrictions; the company said its CEO Vladimir Tenev has also had his cell phone seized by federal attorneys.

In January, Robinhood restricted the purchase of GameStop, AMC, and other "meme" stocks because the app literally did not have enough money to comply with regulations that require a certain amount of liquidity from companies that allow for stock trading.

This restriction correlated with a days-long dive in the stock prices of GameStop, which skyrocketed in January and February and led to widespread calls from lawmakers, traders, and Redditors on the WallStreetBets subreddit to investigate Robinhood.

In its filing, Robinhood states that the fallout from these restrictions still have the potential to be disastrous for the company.

“We have become aware of approximately 50 putative class actions … relating to the Early 2021 Trading Restrictions.

Also, a related search warrant was executed by the USAO to obtain Mr. Tenev’s cell phone.”. »

Target, Walgreens make drastic changes due to increase in San Francisco thefts

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EMBED >More News Videos The charges are in connection to seven shoplifting-related cases that occurred between May 11 and June 19, the San Francisco DA's office said.

SAN FRANCISCO (KGO) -- According to the California Retailer's Association three cities in our state are among the top 10 in the country when it comes to organized retail crime--Los Angeles, San Francisco and Sacramento.Already we are seeing the negative impact it is having in San Francisco with stores permanently shutting down or closing early.

"The question is will this person be held accountable for what they did and that need to be part of the equation as well," insisted San Francisco Mayor London Breed.That's where San Francisco Supervisor Ahsha Safai has stepped in. »

35 Juicy Secrets About Guy's Grocery Games

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Every Wednesday on Guy's Grocery Games, the Emmy winning host puts eager chefs through the wringer with his outlandish, hilarious and seemingly impossible challenges, all set within his very own grocery store, Flavortown Market.

"This is a side of food that we haven't really touched on that we all experience and that's going to the grocery store," he has said of the Food Network competition series.

So what we're doing is ...putting that into a culinary arena and I've got to tell you it's crazy.". »

Unvaccinated people are 'variant factories,' infectious diseases expert says

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"Unvaccinated people are potential variant factories," Dr. William Schaffner, a professor in the Division of Infectious Diseases at Vanderbilt University Medical Center, told CNN Friday.

"The more unvaccinated people there are, the more opportunities for the virus to multiply," Schaffner said.

Those populations of unvaccinated people give the virus the change not only to spread, but to change. »

Conservative group says Germany could reach 100% renewables by 2030 at low cost

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The group was founded in April with the aim of pushing the conservative bloc to adopt climate policy in line with the Paris Agreement’s 1.5°C target.

KlimaUnion co-founder Heinrich Strößenreuther said the goal was to lure investors through deregulation and make people look forward to the financial benefits bequeathed by a comprehensive energy transition.

It remains vague on climate and energy, leaving plenty of leeway for possible government coalition negotiations with competitors like the Green Party. »