Business

Tuesday’s business headlines

INDIANAPOLIS (WISH) – Here’s a look at Tuesday’s business headlines.

Gas prices

Labor Day gasoline will be the most expensive since 2014.

Hurricane Ida is to blame. A jump to $3.18 a gallon is expected to be seen ahead of the traditional end of summer.

Airlines

Airline stocks, like Texas-based American and Southwest, lost ground.

The European Union recommended that member countries reinstate a ban on nonessential travel to the U.S. due to COVID-19.

Europe says it may start quarantines and more testing for Americans to travel there.

Robinhood

Robinhood stock tanks as the government regulator of the stock market says it may ban profiting from order flow.

Order flow is how Robinhood makes money since it charges no commissions.

Robinhood said it would adapt if the ban goes into effect.

Paypal

Paypal is exploring a stock-trading platform for U.S. customers that would let them trade individual stocks.

The move comes amid a retail trading boom that brought millions of new investors into the stock market, along with more regulatory scrutiny for someone brokerage firms.

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