Inflation rises 2.9% in July, less than expected
Inflation fell in July to the lowest level in more than three years, a welcome sign for the Federal Reserve even as prices remained uncomfortably high for millions of Americans.
Economist urges Fed to meet 'now' to cut rates as stocks tumble: It's a 'frightening time'
Economist Stephen Moore urged the Federal Reserve to address falling commodity prices and shift from inflation concerns to deflation, while Fed Chairman Jerome Powell indicated a potential rate cut if inflation cools, amidst a market meltdown driven by recession fears.
Dow hits 40,000 for first time
The Dow Jones Industrial Average crossed 40,000 for the first time ever Thursday as investors celebrated solid earnings and a slight easing of consumer inflation last month.
These are the California cities with the fastest cooling housing markets
Four of California's largest cities are cooling faster than any other housing market in the country, recent data shows.
Elon Musk: Twitter deal 'temporarily on hold' pending details on spam accounts
Elon Musk said his planned $44 billion purchase of Twitter is “temporarily on hold” pending details on spam and fake accounts. He later added that he's "still committed to acquisition.”
Elon Musk offers to buy 100% of Twitter for $43 billion
Elon Musk made a proposal to buy the remaining shares of Twitter that he doesn't already own, offering $54.20 per share of the company's stock.
Robinhood: Personal info of millions of customers stolen in ‘data security incident’
Robinhood said some personal information for some of its customers, including email addresses and full names, was accessed and obtained by an unauthorized third party last week.
Stocks rise broadly on Wall Street after Federal Reserve statement
Stocks were broadly higher on Wall Street Wednesday afternoon after the Federal Reserve signaled it may begin easing its extraordinary support measures for the economy later this year.
Crypto trading on Robinhood surges as overall growth slows
More than $4 of every $10 that Robinhood Markets Inc. made in revenue during the spring came just from customers trading bitcoin, dogecoin and other cryptocurrencies.
Menlo Park-based Robinhood goes public with a tumble and sharp swings
Shares of Robinhood Markets Inc. slumped 8.4% in their first day of trading on the Nasdaq from their initial price of $38. It was a disappointing performance after the offering was already priced at the low end of its expected range.
San Francisco-based Coinbase soars in market debut, valued near $86 billion
Coinbase made a rousing debut on Wall Street Wednesday, with the digital currency exchange’s stock rising as high as $429, briefly giving it a market value over $100 billion.
San Francisco-based Coinbase makes Wall Street Debut
KTVU's Alex Savidge spoke with Mitch Avnet, Managing Partner at Compliance Risk Concepts, about Coinbase and the increasingly popular - and growing crypto market.
Robinhood announces plans for customer service center in North Carolina
Robinhood, the stock-trading app company, will build a customer service center in North Carolina, creating nearly 400 jobs by 2025, officials announced on Tuesday.
Tech stocks slide as bond yields spike, GameStop soars
Investors turned their focus to another wild surge in GameStop and a handful of other stocks favored by online investors.
Robinhood CEO defends trading restrictions in GameStop saga at hearing
Vlad Tenev, CEO of Robinhood, defended his company against allegations that trading restrictions it put in place disadvantaged those smaller investors in favor of bigger institutional clients.
For GameStop day traders, its the moment they've dreamed about
They’ve endured a financial crisis. Two deep recessions. Mounds of student debt. Stagnant pay. Costly health care. Dim job prospects. Now, they feel, it’s payback time.
Robinhood tells customers it will allow ‘limited buys’ amid GameStop, AMC trading frenzy
Robinhood, the online trading platform at the center of a speculative frenzy involving shares of GameStop, AMC and other flailing companies, told its customers Thursday that it would be allowing “limited buys” of these companies starting Friday.
In battle over GameStop shares, two big players flinch
GameStop's stock surged as high as $380 Wednesday morning, after sitting below $18 just a few weeks ago.
Tesla posts 1st annual profit but misses analysts' estimates
Riding a sales surge amid a global pandemic, Tesla Inc. on Wednesday reported that it posted its first annual net profit in 2020.
Apple posts record quarter on fast sales start for iPhone 12
Apple’s delayed launch of its latest iPhones unleashed a holiday buying frenzy that propelled sales of the trendsetting company’s most popular product to its fastest start in years.