Robinhood’s offer to traders impacted by outage comes with a catch


The Robinhood application is displayed in the App Store on an Apple Inc. iPhone in an arranged photograph taken in Washington, D.C., U.S., on Friday, Dec. 14, 2018.

Andrew Harrer | Bloomberg | Getty Images

Robinhood’s recent show of goodwill came with strings attached, according to some users. 

On Monday, the trading start-up offered a credit to a group of clients and apologized for its recent multiple-day outage. In exchange for the voucher, the company asked that users sign a document agreeing not to take legal action, according to Robinhood emails seen by CNBC.

Menlo Park, California-based Robinhood suffered multiple

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Coronavirus hits already struggling US farmers with drop in prices


In this photo taken March 20, 2020, cattle rancher Joe Whitesell rides his horse in a field near Dufur, Oregon, as he helps a friend herd cattle.

Gillian Flaccus | AP

U.S. farmers have endured a slew of financial hardships over the past few years. 

The U.S.-China trade war sent scores of farmers out of business. Record flooding inundated farmland and destroyed harvests. And a blistering heat wave stunted crop growth in the Midwest. 

Now, the coronavirus pandemic has dealt another blow to a vulnerable farm economy, sending crop and livestock prices tumbling and raising concerns about sudden labor shortages.

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Crazy volatility forces Wall Street strategists to suspend S&P 500 targets


The stock market has gone so haywire amid the coronavirus crisis that some strategists on Wall Street are giving up on forecasting what comes next.

Over the past week or so, chief market strategists at BMO, Oppenheimer and Canaccord Genuity have all suspended their year-end targets on the S&P 500, blaming the unprecedented economic uncertainty that makes projecting the market a fool’s errand.

“For the first time in our collective careers, we have decided to suspend our year-end S&P 500 price and EPS targets in favor of rolling 12-month forecasts,” BMO’s Brian Belski and Nicholas Roccanova said in a note.

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impossible to make everyone happy with virus relief bill


Hank Paulson

David Orrell | CNBC

Former Treasury Secretary Hank Paulson warned that the U.S. faces a “very difficult road ahead” after President Trump signed a historic $2 trillion coronavirus relief bill. 

Paulson, a key figure in helping the country avoid economic catastrophe during the 2008 financial crisis, drew on his experience from that tumultuous period in a statement issued late Friday. Paulson and his counterpart at the Federal Reserve bailed out banks to stabilize financial markets, actions that remain unpopular to this day.

“One clear lesson from 2008 is that it is very difficult to quickly get all the

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