This Week In Business [beta]

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Keep up with the stock market and the American economy.

Here is this week’s news in business and markets:

Third stimulus check: Will you get a $1,400 check?

President Joe Biden’s $1.9 trillion coronavirus relief plan would provide a third round of federal stimulus checks to millions of Americans. Yet while lawmakers on both sides of the aisle have expressed support for the proposal, there is less agreement on who should be eligible for the $1,400 direct payments.

Robinhood offers loans to buy stock — they were 14 times more likely to default

Online brokerage Robinhood touts its willingness to lend money to customers so they can multiply their returns just like Wall Street pros, even likening investing with borrowed money to the thrill of riding a motorcycle. What the company doesn’t say is that its lending strategy has put clients — who tend to be younger and less experienced at playing the market — in financial peril even before many piled into the shares of struggling video game retailer GameStop in January.

Did we miss a good story or important event? Let us know, and share it with us in the comments section below.

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