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

Summary: 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 https://www.ft.com/content/74b6530e-9d69-43f0-a5d7-3cb363ed5398 America’s two-track economy: the small business credit crunch https://www.ft.com/content/1ae439b1-75e7-4b55-876c-66533ac37db8 Massachusetts takes legal action against Robinhood https://www.ft.com/content/0e451231-fa4c-4686-bf2f-a5e107f337b9 Luckin Coffee to pay $180m in accounting fraud settlement  ft.com/content/4db3b074-829f-4f1c-a256-11c7e28a31d1  <br><hr><p style="color: grey;">See <a style="color: grey;" target="_blank" rel="noopener noreferrer" href="https://acast.com/privacy">acast.com/privacy</a> for privacy and opt-out information.</p>