FT News Briefing

Fed to extend debt purchases, US small businesses struggle, Robinhood hit with legal complaint

The US central bank  says it will keep buying at least $120bn of debt a month until “substantial further progress has been made” in the recovery, US regulators have hit Luckin Coffee with a $180m penalty in an accounting fraud settlement, and Massachusetts launches legal action against the online trading app Robinhood. Plus, the FT’s global finance correspondent, Robin Wigglesworth, explains why there is an uneven recovery in the US corporate landscape.  Fed to extend debt purchases to boost flagging US economy<a href="https://www.ft.com/content/74b6530e-9d69-43f0-a5d7-3cb363ed5398" rel="noopener noreferrer" target="_blank">https://www.ft.com/content/74b6530e-9d69-43f0-a5d7-3cb363ed5398</a> America’s two-track economy: the small business credit crunch<a href="https://www.ft.com/content/1ae439b1-75e7-4b55-876c-66533ac37db8" rel="noopener noreferrer" target="_blank">https://www.ft.com/content/1ae439b1-75e7-4b55-876c-66533ac37db8</a> Massachusetts takes legal action against Robinhood<a href="https://www.ft.com/content/0e451231-fa4c-4686-bf2f-a5e107f337b9" rel="noopener noreferrer" target="_blank">https://www.ft.com/content/0e451231-fa4c-4686-bf2f-a5e107f337b9</a> Luckin Coffee to pay $180m in accounting fraud settlement <a href="https://spark.ft.com/editor/4db3b074-829f-4f1c-a256-11c7e28a31d1" rel="noopener noreferrer" target="_blank">ft.com/content/4db3b074-829f-4f1c-a256-11c7e28a31d1</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.

A rundown of the most important global business stories you need to know for the coming day, from the newsroom of the Financial Times. Available every weekday morning. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.