Robinhood shares plummet as company announces layoffs
In a blogpost, Tenev wrote that Robinhood's financial position was strong, with over $6 billion in cash on its balance sheet. The layoffs, he said, follow a period of extreme headcount…
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investing
‘A recession in the next 12 months is not in our base case’: Stocks got clobbered
The stock market ended a volatile week on a gloomy note Friday, with the three major U.S. indexes plunging as investors got tripped up in worries like inflation,…
Coca-Cola is a stable safe haven in a rough market
Coca-Cola reported first quarter earnings and sales Monday that easily topped forecasts: Sales surged 16% to $10.5 billion, beating Wall Street's expectations of $9.8 billion. Profits of…
Morgan Stanley is a big winner in Musk’s Twitter deal
Morgan Stanley (MS) advised the Tesla (TSLA) CEO on his $44 billion acquisition of Twitter (TWTR). The bank also helped secure $25.5 billion in funding for the deal, including $12.5…
These numbers are bad news if you’re trying to buy or refinance a house
Long-term bond yields have nearly doubled this year, largely due to worries about inflation and the likelihood of supersized interest rate hikes from the Federal Reserve. The 10-year…
House Passes China Delisting Bill, Sending to Trump for Approval. What That Means For
The House of Representatives on Wednesday unanimously passed a bill that sets the stage for delisting Chinese companies such as Alibaba Group Holding and JD.com from U.S. exchanges if…