Changes in theS&P 500 index flash constantly in stock exchanges and online during the trading day. The index is seen as a stand-in for the performance of US equities and the economy overall.
Alexi Rosenfeld / Contributor/Getty Images
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The diversity and size of the companies it tracks make the S&P a proxy for the entire stock market.
You can't invest in the S&P 500 itself, but you c
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The S&P 500 is seen as a gauge of the stock market itself - here's how this widely watched stock index works
-
Facebook's 'Supreme Court' that has the power to overrule Mark Zuckerberg just handed down its first decisions - these are the Oversight Board's first 20 members
Facebook CEO Mark Zuckerberg.
Andrew Caballero-Reynolds/AFP via Getty Images
In late 2018, Facebook CEO Mark Zuckerberg announced an ambitious plan: to create an independent oversight board.
The board can overrule Facebook's content moderation guidelines, and can even overrule Zuckerberg.
Last week, the group made its first rulings on disputed content. It overturned 4 out of the 5 cases it saw.
The board consists of 20 people, including a former prime minister, a Nobel laureate, and human -
Rep. Marjorie Taylor Greene brags about phone call and 'support' from Trump amid rash of controversies
Rep. Marjorie Taylor Greene (R-Georgia) wears a "Trump Won" face mask as she arrives on the floor of the House to take her oath of office on the opening day of the 117th Congress at the US Capitol on Sunday, January 3, 2021.
Erin Scott/Pool via AP
Rep. Marjorie Taylor Greene bragged that former President Donald Trump called her with "his support."
Greene has spread debunked conspiracy theories on everything from 9/11 to school shootings.
A Democratic-led effort is underway to have Greene booted -
Hedge fund billionaire and New York Mets owner Steve Cohen left twitter after GameStop backlash
Hedge fund manager Steven A. Cohen, founder and chairman of SAC Capital Advisors.
Steve Marcus/Reuters
Steve Cohen is the founder of Point72 Capital, a $17.2 billion hedge fund, and owner of the New York Mets.
In a press statement, Cohen announced that he's deactivating his Twitter account after his family received threats amid the GME buying frenzy led by Redditors.
Cohen's hedge fund lost nearly 15% this year and has since been under fire for its involvement with Melvin Capital, a -
Pregnant people who get COVID-19 may pass their babies disease-fighting antibodies in the womb, study suggests
A medical worker examines a newborn at a maternity hospital in Volgograd, Russia on January 13, 2021.
Dmitry Rogulin/TASS via Getty Images
A new study found that 87% of new mothers who had detectable COVID-19 antibodies shared them with their newborns through the umbilical cord.
The find suggests it's possible that newborn babies can confer some protective COVID-19 immunity from a mother's infection during pregnancy.
It also raises questions about whether vaccinating pregnant people might help -
6 ways evolution screwed us over
Evolution has left its mark on the human body in ways that….are less than ideal. For example, while wisdom teeth were once useful, today, they often plague our smaller jaws and require surgery to remove. Meanwhile, our primate ancestors left us with a whopping 26 bones in each foot. Together, that's almost a QUARTER of all the bones in our body! While those bony, flexible feet helped our ancestors cling to branches, they can lead to common foot injuries in humans. Some evolution -
How autopilot on an airplane works
Autopilot is a flight-control system that allows a pilot to fly an airplane without continuous hands-on control.But this feature isn't as automatic as you might think. There's no robot sitting in the pilot seat and pressing buttons while the real pilot takes a nap.A modern automatic flight-control system is made of three main parts: a flight-monitoring computer, several high-speed processors, and a series of sensors placed on different parts of the plane.Visit Business Insider's homepage for mor -
Hobby Lobby is reportedly canceling its 40% off coupon by the end of February
AP Photo/Ed Andrieski
Hobby Lobby will drop the coupon by February 28 to make room for potential daily discounts.
A number of customers launched an online petition to pressure the company to rescind its decision.
Visit Business Insider's homepage for more stories.
Hobby Lobby, an arts and crafts store chain, is reportedly canceling its 40% off coupon that is offered at its over 900 stores nationwide and online.The move, which will take effect February 28, allows Hobby Lobby to increase its effor -
Charlotte Observer editorial board slams GOP Rep. Madison Cawthorn as 'an embarrassment'
Rep. Madison Cawthorn of North Carolina.
House Television via AP
The Charlotte Observer's editorial board slammed Rep. Madison Cawthorn as "an embarrassment."
The board asked, "Can someone please keep Madison Cawthorn away from the cameras?"
Cawthorn was rebuked for building his Washington staff around communications instead of policy.
Visit Business Insider's homepage for more stories.
The Charlotte Observer's editorial board on Thursday slammed GOP Rep. Madison Cawthorn as "an embarrassment" -
Canada's largest airlines hit hard after the country suspends flights to Mexico and the Caribbean to curb COVID-19
FILE PHOTO: An Air Canada Boeing 737 MAX 8 from San Francisco approaches for landing at Toronto Pearson International Airport over a parked Air Canada Boeing 737 MAX 8 aircraft in Toronto
Reuters
The four largest Canadian airlines agreed to suspend flights to Mexican and Caribbean destinations in response to the country's ongoing COVID-19 concerns.
Canadian Prime Minister Justin Trudeau announced that the temporary ban will be effective starting January 31 till April 30.
As Air Canada fell 7.9% -
A Hyatt-owned resort hotel in Austin is letting people 'test drive' life in Texas for $18,500 a month - see inside Miraval Austin
Miraval Austin.
Miraval Austin
Miraval Austin created an extended stay program that lets people "test drive" what it's like living in Austin, Texas.
The program starts at $18,504 for a month-long single occupancy stay.
Tech companies like Oracle and Tesla recently announced plans to relocate from California to Austin.
Visit Business Insider's homepage for more stories.
Miraval Austin created an extended stay program that lets people "test drive" what it's like living in Austin, Texas as te -
Pro-Trump priest who performed exorcisms to support false claims of election fraud leaves Wisconsin diocese
A Church in Madison, Wisconsin.
Sarah Hill/Getty Images
A Wisconsin priest who performed exorcisms to assist baseless claims of election fraud has left his diocese.
The Diocese of Madison said former reverend John Zuhlsdorf will relocate "to pursue other opportunities."
John Zuhlsdorf, also known as Fr. Z, has a popular blog where he said: "There is a catholic Antifa now."
Visit Business Insider's homepage for more stories.
A Wisconsin priest who performed exorcisms of demons he said were -
Aviation unions are asking congress for $15 billion to extend furlough protections
Sara Nelson, president of the Association of Flight Attendants-CWA.
Sara Nelson
A coalition of aviation unions asked congress for $15 billion to extend furlough protections.
Without the funds, "wide-scale layoffs" may begin as early as March 31, they said in a letter.
This is a "critical moment for the country and the industry," the unions said.
Visit Business Insider's homepage for more stories.
A coalition of aviation unions has asked congress for a $15 billion extension for a furlough -
The last 2 Toys 'R' Us stores in the US have closed down after the COVID-19 pandemic hit sales
A rendering of a redesigned Toys 'R' Us store, from owner Tru Kids.
Tru Kids
The last 2 Toys 'R' Us stores in the US have closed.
Tru Kids, the brand's owner, will continue to invest in online sales, CNBC reported.
Toys 'R' Us opened new stores in Texas and New Jersey in 2019.
Visit Business Insider's homepage for more stories.
The last two Toys 'R' Us stores in the US have reportedly closed, bringing to an end a two-year effort to re-establish the onetime behemoth's retail footprint.&nbs -
Ship congestion has hit a record high at Southern California's main ports
The container ship 'Thalassa Patris' from Singapore leaves the Xiamen Port on July 24, 2020 in Xiamen, Fujian Province of China
Zhou Daoxian/VCG via Getty Images
Ships could wait for several days or up to two weeks to gain access to Southern California ports.
It is the first time since 2004 that "drift boxes" have been used to manage traffic, according to the Marine Exchange of Southern California.
The Los Angeles port is expecting to handle 155,000 inbound containers next week, 80% more -
Publix grocery heiress was the top funder of the January 6 pro-Trump rally that preceded the US Capitol riot: report
Former President Trump speaking to his supporters at the "Save America" rally.
Alan Chin for Insider
The Publix grocery chain heiress was a key funder of the "Save America" rally, The Wall Street Journal reported.
At the event, Trump told supporters to "fight like hell." Some of them stormed the Capitol.
Conspiracy theorist and host Alex Jones also contributed money to the rally, The WSJ reported.
Visit Business Insider's homepage for more stories.
The heiress to the Publix Super Market chain c -
Meet the GameStop investor upending the stock market with cat memes, reaction GIFs, and fundamental analysis
GameStop investor u/DeepF---ingValue.
Roaring KittyReddit user u/DeepFuckingValue is a leading figure in Wall Street Bets' clash with short-sellers.The value investor, who loves cat memes and reaction GIFs, claimed to have turned a $54,000 bet on GameStop into a $48 million fortune.Ten of his Wall Street Bets peers shared their views of him with Insider.Visit Business Insider's homepage for more stories.An amateur investor who goes by u/DeepFuckingValue on Reddit and the name Roaring Kitty on Y -
Pentagon stopped political appointments for Trump allies to join defense advisory boards
David Bossie, left, stands with Corey Lewandowski, right, before a hearing on Capitol Hill.
Caroline Brehman/CQ-Roll Call, Inc via Getty Images
The Pentagon has halted former President Donald Trump's appointments to defense advisory boards, according to Politico.
There is currently an ongoing review of the last-minute appointments.
Affected nominees include Trump loyalists Corey Lewandowski and David Bossie.
Visit Business Insider's homepage for more stories.
The Pentagon has halted the install -
One map shows how much a $15 minimum wage would be worth in every state
Workers protest outside a McDonald's restaurant on November 10, 2015 in Miami, Florida. The protesters are demanding action from state legislators and presidential candidates to raise the minimum wage to $15 an hour.
Joe Raedle/Getty Images
Democrats introduced the Raise the Wage Act of 2021, where the minimum wage would gradually increase to $15 per hour, starting with an increase from $7.25 to $9.50 this year.
The Economic Policy Institute notes that this will raise wages for 32 million worke -
Robinhood reveals new details on decision to limit trading, saying it suddenly had to post 'hundreds of millions of dollars' in deposits
Vlad Tenev, co-founder and co-CEO of investing app Robinhood.
Noam Galai/Stringer/Getty Images
Robinhood's deposit requirements related to equities increased by 10-fold amid the GME buying frenzy led by Redditors.
In a company blog post, the trading app explained it had to implement trading restrictions in order to "comfortably" meet security requirements mandated by SEC-registered organizations.
Robinhood came under fire this week for temporarily blocking trades of 13 equities incl -
Former FAA employee 'maliciously' caused a communications blackout between 10 planes and Air Traffic Control over Hawaii
A federal judge sentenced Joelyn DeCosta, 48, for "willfully and maliciously interfering" with air traffic communications in Honolulu, Hawaii.
Kent Nishimura / Los Angeles Times via Getty Image
A former FAA employee has been sentenced to two years of probation and a $5,000 fine.
Joelyn DeCosta has been charged with "maliciously interfering" with air traffic communications.
Her actions resulted in a communications blackout while at least 10 planes were airborne, the DoJ said.
Visit Business Insi -
Palm Beach officials confirm they're conducting a legal review to decide if Trump can still live at Mar-a-Lago
Mar-a-Lago resort owned by President Donald Trump in Palm Beach, Florida.
AP Photo/Lynne Sladky
Palm Beach officials have confirmed they're conducting a legal review into Trump's Mar-a-Lago home.
The news comes a month after the ex-president's neighbors sued him for violating a 1993 agreement.
After converting the private residence into a club in 1993, Trump agreed to limit his stays there.
Visit Business Insider's homepage for more stories.
Palm Beach officials have confirmed they're con -
Moderna vaccine creator calls Johnson & Johnson's competing shot a 'darn good' tool to fight the pandemic
Kizzmekia Corbett is an immunologist with the Vaccine Research Center at the National Institutes of Health.
AP Photo/Charles Rex Arbogast
One of the scientists who helped develop Moderna's COVID-19 vaccine applauded Johnson & Johnson's new trial results, even though they are not as stellar as her own.
J&J announced on Friday its COVID-19 vaccine was 72% effective at curbing symptomatic infections in US trials, while Moderna's was more than 94% effective at the same.
"Don't let the perfe -
One of the earliest mosques has been unearthed beside the Sea of Galilee and indicates Muslims, Jews, and Christians lived in harmony
Dr. Katia Cytryn-Silverman, an archaeologist with The Hebrew University of Jerusalem, at the dig site in Tiberias, northern Israel, Wednesday, Jan. 27, 2021.
Maya Alleruzzo/Associated Press
The foundations of an ancient mosque have been unearthed in Israel.
It was built around a generation after the Prophet Mohammed, making it one of the oldest.
Archaeologists say its building phases indicate peaceful coexistence between religions at the time.
Visit Business Insider's homepage for more stories. -
We asked 13 public health experts whether they double-mask. None of them do.
Dr. Fauci demonstrated his double masking technique for members of the New York Press Club on Friday, January 29, 2020.
NIH/New York Press Club
Insider asked 13 leading public health experts what they're doing in the face of new variants. None are double-masking.
Experts stress mask fit, layers, and fabric quality are the most important factors to consider in personal protection.
Double-masking can be a good solution if you have one high-quality mask that you want to keep protected, or if you w -
Canadian couple who traveled more than 1,000 miles to get COVID-19 vaccines meant for vulnerable Indigenous people could face jail time
The distance between Vancouver and Beaver Creek, the journey that the couple is accused of making to get a vaccine.
Google Maps/Business Insider
Rodney and Ekaterina Baker could face up to six months in jail, according to The Guardian.
They have already been fined for breaking Yukon's public health rules by failing to self-isolate upon arrival.
The couple is accused of traveling from Vancouver to get shots meant for vulnerable Indigenous people.
Visit Business Insider's homepage for more storie -
Rural voters have turned their backs on the Democratic party -Â a Wisconsin political organizer describes which progressive economic policies can win them back
A produce vendor sells apples a farmers market in Viroqua, Wisconsin, in October 2020.
Kerem Yucel/AFP/ via Getty Images
Paul Constant is a writer at Civic Ventures and a frequent cohost of the "Pitchfork Economics" podcast with Nick Hanauer and David Goldstein.
In the latest episode, Civic Ventures president Zach Silk spoke with Bill Hogseth, a political organizer from rural Wisconsin, about the challenge of reaching rural voters.
Hogseth says Democrats need to fight for small busine -
Short-sellers are nursing estimated losses of $19 billion in 2021 after betting on GameStop's share price to fall
John Minchillo/APShort-sellers have lost about $19 billion on GameStop in 2021, new estimates suggest.Reddit day traders have sent the stock soaring by more than 1,500% this year.GameStop's rise has hammered hedge funds including Melvin, Point72, and D1.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Hedge funds and other institutions shorting GameStop stock were sitting on losses of about $19 billion as of Friday, new data shared exclusively with Insider indicates.Figur -
Millennials are driving a regime change in the stock market. Here are the 6 major differences between them and baby-boomer investors, according to Fundstrat's Tom Lee
Bonfanti Diego/Getty ImagesA structural regime change driven by a flood of millennial investors is coming for the stock market, Fundstrat's Tom Lee said in a note on Friday.Evidence of the change has been front and center this week after Reddit's WallStreetBets forum sparked massive short-squeezes in certain stocks at the expense of Wall Street hedge funds.These are the 6 biggest differences between millennial investors and baby-boomers, according to Fundstrat.Sign up here for our daily newslett -
America's infrastructure is falling apart. Australia has the solution.
Shutterstock
American infrastructure needs immediate, large-scale investment. Unfortunately, the federal government faces enormous deficits, while states and municipalities are under intense financial pressure.
Instead of solely relying on traditional government spending, we should embrace the "asset recycling" strategies used in Australia.
A national incentive infrastructure program can democratize and accelerate the revitalization of American infrastructure.
Jay M. Tannon is the founder -
Shake Shack is getting a make-over. Take a look at the drive-thrus coming this year.
Shake Shack.
Shake Shack
Shake Shack is opening its first ever drive-thru later this year.
It's launching app and web delivery nationwide, too.
The chain plans to open up to 90 new restaurants over the next two years – take a look at them.
Visit Business Insider's homepage for more stories.
Shake Shack is redesigning its restaurants as demand for drive-thru and digital ordering continue to boom during the coronavirus pandemic.The fast-casual chain is opening its first ever drive-thru in O -
PRESENTING: 64 edtech startups looking to disrupt Harvard as part of a $9 billion market
Online learning platform Coursera has raised a total of $443.1 million in funding, with $130 million raised July 2020.
CourseraWhen the pandemic forced students of all ages into the remote learning model, the value of an in-person college experience came into question. Education tech startups saw a surge in funding up to $9 billion in 2020 from investors looking to enhance virtual learning in the US and abroad. These companies have figured out how to digitize every part of college life, fr -
PRESENTING: 17 consulting firms where you can earn more than $200,000 right out of business school
McKinsey is one of the highest paying consulting firms for MBA grads.
Arnd Wiegmann/Reuters
Business school graduates can earn well over six figures at a leading consulting firm.
Using data from Management Consulted's 2021 salary report, we compiled a ranked list of the 17 highest-paying firms for MBAs.
Accenture, Ernst & Young (EY), and McKinsey are among the top firms offering hefty salaries.
Visit Insider's homepage for more stories.
Consultants are still earning hefty salari -
The winners and losers - so far - in Reddit traders' war on Wall Street that sent GameStop shares skyrocketing
Wall Street Bets users have driven up the GameStop stock price.
REUTERS/Dado Ruvic/Illustration/File Photo
Reddit day traders rebelled against Wall Street short sellers, sending GameStop and other stocks soaring.
Hedge funds have lost $19 billion. The investor who lit the flame claimed he's up $48 million.
It's far from over, but here are the winners and losers after a wild week in the markets.
Visit Business Insider's homepage for more stories.
A Reddit community called r/WallStreetBets sent r -
Adult dependents have been left behind during the COVID crisis, don't leave them out of the next stimulus deal
A University of Arizona student moves into their dorm.
Courtesy of University of Arizona
In the last two stimulus packages, dependents over the age of 16 received nothing.
This group includes college students, high school students over 16, and disabled adults who all have living expenses.
The next stimulus package must include provisions for adult dependents.
Bobbi Dempsey is a freelance writer and an economic justice fellow at Community Change.
This is an opinion column -
Apple introduced a limited-edition Black Unity Apple Watch collection for Black History Month
Apple
Apple is releasing an Apple Watch Series 6, a sports band, and a new watch face for Black History Month.
The Unity Collection was designed to honor Black history and culture and the fight for racial equality, Apple said.
Apple will also support six organizations that work on civil rights.
Visit Business Insider's homepage for more stories.
Apple is releasing a limited edition Black Unity Collection for the Apple Watch to celebrate Black History Month.The collection is made up of three part -
A new startup luxury airline is launching flights next month with a private jet-like plane - here's a closer look at Aero
An Aero Embraer ERJ135.
An Aero Embraer ERJ135 aircraft.Aero is the US' newest airline, starting flights between Los Angeles and Aspen, Colorado on February 4.
The leisure-focused luxury airline aims to offer a "radically better premium leisure travel experience."
Prices start at $990 one-way for February flights, rising to $1,250 in March and April for flights on a private jet-like plane.
Visit Business Insider's homepage for more stories.
The pandemic has shifted travel trends in favor -
Pressure mounts on Trump as former lawyers for the Trump Organization will have to surrender documents to the New York attorney general investigating him
(L) New York Attorney General Letitia James in August 2020. (R) Former President Donald Trump and former First Lady Melania Trump on January 20, 2021
Brendan McDermid/Leah Millis/Reuters
The Trump Organization's former law firm must hand over documents to the New York Attorney General.
It's the latest step in a probe into whether Trump falsely inflated the value of his assets.
A judge ruled that the documents were not protected by attorney-client privilege.
Visit Business Insider's homepage for -
How GameStop became the perfect 'meme stock' for r/WallStreetBets
REUTERS/Dado Ruvic/Illustration/File Photo
The subreddit r/wallstreetbets drove up the price of GameStop shares and caused massive losses for hedge funds.
The subreddit was created in 2012 and grew an "irreverent and sarcastic" subculture.
The GameStop trading put the subreddit on the world's radar.
Visit Business Insider's homepage for more stories.
The world watched as Reddit users from r/wallstreetbets drove up the price of GameStop stock, causing Hedge Fund short sellers betting -
Russia may fine citizens for using SpaceX's Starlink internet. Here's how Elon Musk's service poses a threat to authoritarian regimes.
SpaceX owner and Tesla CEO Elon Musk.
HANNIBAL HANSCHKE/POOL/AFP via Getty Images
Russian citizens and companies may get fined by the state for using SpaceX's Starlink internet.
Analyst John Byrne told Insider it's easier for Russia to fine citizens rather than Starlink.
"Satellite potentially turns the tables because the government doesn't control space," Byrne said.
Visit Business Insider's homepage for more stories.
The Russian government may fine individuals or companies for using Sta -
These custom Rolls-Royces feature everything from rose gold to thousands of iridescent feathers - see inside
Rolls-Royce Sportive Collection.
Rolls-Royce
The Bespoke Collective is a Rolls-Royce team of craftspeople, engineers, and designers.
Their job is to create custom and bespoke cars for customers.
One of the cars that Rolls-Royce featured recently had 3,000 iridescent feathers inside.
Visit Business Insider's homepage for more stories.
Some Bad Stuff happened last year. Even luxury boutique automaker Rolls-Royce acknowledges this. But at least its customers weren't hit so hard that they couldn't -
We are in the middle of a mental health crisis. The consequences of this pandemic will be with us for years to come.
A series of surveys conducted in June by the Centers for Disease Control and Prevention (CDC) found that more than 40% of Americans had at least one mental or behavioral condition linked to the pandemic.
Josef Lindau/Getty Images
An alarming number of people are struggling with social isolation, anxiety, depression, and post-traumatic stress disorder.
To truly defeat the pandemic, policymakers, employers, and communities must expand access to mental healthcare.
There are resources to find menta -
The body of Brian Sicknick, the police officer killed in the pro-Trump insurrection, will lie in honor at the Capitol he fought to defend
A hearse carrying the casket of Brian Sicknick, U.S. Capitol Police Officer who died from injuries following the U.S. Capitol building siege on Wednesday, turns onto Constitution Avenue during a police procession, on January 10, 2021 in Washington, DC.
Photo by Al Drago/Getty Images
The police officer who died after the January 6 Capitol insurrection will lie in honor in the Rotunda.
Brian Sicknick died from his injuries a day after rioters hit him over the head with a fire extinguisher.
His bo -
GameStop investors may have transformed day trading forever
The internet is in a GameStop craze.
Ethan Miller/Getty Images
Day traders organized on a Reddit thread led the GameStop mania, an unprecedented situation in financial markets.
Day trading really took off with the 1990s tech boom, and continues to evolve along with trading technology.
The combination of day trading with Reddit may prove transformative, with the GameStop saga the turning point.
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The GameStop frenzy continues.The video-game -
AOC, Ted Cruz, and fellow lawmakers are demanding answers after swings in GameStop stock. Here's what they said
Robinhood paused some trading of GameStop on Thursday.
John Minchillo/AP
Congressional lawmakers from both parties asked the SEC to look into market volatility.
Lawmakers said there was a "double standard" for retail and Wall Street investors.
"The same rules should apply to everybody – rich & poor alike," said Senator Ted Cruz.
Visit Business Insider's homepage for more stories.
As investors watched GameStop stock rise and fall this week, lawmakers asked the Securities and Exch -
Meet Stephanie Cohen, the Goldman Sachs exec with a Big Tech plan to take on Main Street
Hello readers!Happy Saturday, and welcome to Insider Finance. Here's a rundown of the must-know stories from the past week:Inside the rise of Stephanie Cohen, the Goldman Sachs dealmaker leading a Main Street push50 insiders tell all on Blackstone's Jon GrayHow hedge funds are snooping on Reddit to spot the next GameStopBank of America announced a new crop of MDs - we saw the namesDon't miss these webinars next week:Feb. 2: A conversation with Insider's markets gurus on the GameStop and Reddit-t -
Ohio Republicans propose annual state holiday honoring Trump as 'one of the greatest presidents in American history'
Former president Donald Trump speaks during a "Keep America Great" campaign rally at Huntington Center in Toledo, Ohio, on January 9, 2020.
SAUL LOEB/AFP via Getty Images
Two Ohio Republicans want an annual 'President Donald J. Trump Day,' according to The Columbus Dispatch.
Reps. Jon Cross and Reggie Stoltfuz have proposed a bill to colleagues that would make June 14 a state holiday.
In this email, the lawmakers said June 14 would "celebrate one of the greatest presidents in American hist
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