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.
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.
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.
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.
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, the stock-trading app company, will build a customer service center in North Carolina, creating nearly 400 jobs by 2025, officials announced on Tuesday.
Investors turned their focus to another wild surge in GameStop and a handful of other stocks favored by online investors.
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.
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, 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.
GameStop's stock surged as high as $380 Wednesday morning, after sitting below $18 just a few weeks ago.
Riding a sales surge amid a global pandemic, Tesla Inc. on Wednesday reported that it posted its first annual net profit in 2020.
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.
U.S. stocks wrapped a wild 2020 with a basket of records.
The sudden drop followed Trump ordering a stop to negotiations with Democrats over another round of stimulus for the economy
The tech-heavy Nasdaq reversed an early loss of 0.62 percent, on its way to briefly eclipsing the 10,000 level for the first time. The Dow Jones Industrial Average fell as many as 421 points, or 1.53 percent, before paring its losses while the S&P 500 dropped 1.22 percent.
U.S. equity futures are pointing to a higher open, the day after the Dow Industrials snapped a two-session winning streak.
The price for oil plummeted to negative $3.70 per barrel, as of 2:15 p.m. Eastern time.
Stock markets in the United States are closed for Good Friday.
Stocks fell about 3% on Wall Street Monday as Congress hit another roadblock in talks to inject nearly $2 trillion into the coronavirus-weakened economy.