Business & Finance

The Post Millennial keeps you in touch with the latest and most important trends, issues and developments in business the world over, with a focus on how they may affect you.

Robinhood restricts crypto trading 'due to extraordinary market conditions'

Crypto trading has been restricted on the Robinhood investment app as of Friday morning as the price of Bitcoin and another meme-inspired tokens rose drastically.

Google deletes 100,000 negative reviews of Robinhood

Google has helped Robinhood by deleting 100,000 bad reviews. This comes after people organized campaigns social media to "review-bomb" the app down to a very low rating.

BREAKING: Robinhood CEO defends pausing trade on GameStop and other stocks

Vlad Tenev said that people are unable to buy the restricted stocks, but that they were able to sell it. “We understand out customers are upset, we’re doing what we can to reenable buying.”

The GameStop/Reddit stock market saga exposes massive Wall Street double standard

The investors on r/WallStreetBets saw an opportunity to reach out to grab hold of the money as it swirled around them, and they took it, just as the Wall Street firms do all the time.

One in three Canadians say they won't recover from financial crisis

The financial impact of the lockdown measures has hit Canadians especially hard, with one in three saying they don't think they will recover from the crisis.

60 percent of businesses closed due to pandemic will never reopen

The study differentiates between businesses that have closed temporarily and those which are permanently shuttered, and that's where the data shows a cause for alarm.

Trudeau government imported $19 BILLION in foreign oil last year

Canada imported over 8.7 billion barrels of crude oil from other countries between 1988 and 2019, an average of nearly 749,000 barrels per day over the period.

New York's Century 21 files for bankruptcy

Century 21 has just filed for bankcuptcy, citing an ongoing battle with their insurance company and loss of revenue from the pandemic.

Lululemon wants customers to pay $138 for leggings and 'resist capitalism'

Lululemon has jumped aboard the woke bandwagon with their new campaign to "decolonize gender" and "resist capitalism." Lululemon also sells yoga pants for over $100 a pair.

Study shows 1 in 3 Canadian women are considering quitting their jobs

A new survey has revealed that Canadian women are far more likely than their male counterparts to consider quitting their jobs.

60 percent of Canadian restaurants at risk of permanent closure due to COVID restrictions

According to a Canadian Survey on Business Conditions (CSBC) release, more than 60 per cent of Canada's restaurants risk having to close their doors for good by November.

COVID-19 alarmist stood to profit from lockdown with his online learning company

Tomas Pueyo predicted that 10 million Americans could have died if political and community leaders did not drive people indoors. Pueyo is the VP for an online learning company.

Insurance payouts not enough to cover riot damage

Most insurance policy reimbursements hover between $25,000 and $50,000, but contractors have consistently been sending in bids that range from $200,000 to $300,000.

Downtown Seattle loses its only grocery store as businesses flee the city amid COVID and riots

At least 130 Seattle businesses have permanently closed and about 47,000 jobs were lost in the downtown area in the first half of the year.

The rich pay more than their fair share in Canada—stop importing American narratives

Tax rates at 50 percent or above are driving people out of the country, encouraging people to keep their profits in their corporations in order to ensure they don’t realize personal income.