A widespread internet outage continues to affect the crypto exchange Coinbase and the online brokerage Robinhood on Monday, among other websites like Snapchat and Hulu. The brief pause in both platforms’ services came after Amazon’s cloud computing arm reported that its services were down in northern Virginia. “We continue to investigate the root cause for…
Apps like Robinhood, Kalshi worry California gaming tribes more than online fantasy sports | California Politics 360 ATTORNEY GENERAL ROB BONTA ISSUED THE LEGAL OPINION, BUT NOT MUCH HAS CHANGED. THE CHAIRMAN OF THE CALIFORNIA NATION’S INDIAN GAMING ASSOCIATION JOINS US NOW. CHAIRMAN JAMES SIVA, THANK YOU SO MUCH FOR BEING WITH US. ABSOLUTELY. THANK…
By Hannah Lang and Elizabeth Howcroft NEW YORK/PARIS (Reuters) -A race by crypto companies to sell tokens pegged to stocks is raising alarm bells among traditional financial firms and regulatory experts who warn that the fast-growing novel products pose risks to investors and market stability. Buoyed by President Donald Trump‘s pro-crypto stance and his administration’s…
Shares of financial services company Robinhood (NASDAQ:HOOD) jumped 9% in the afternoon session after the stock hit a new all-time high of $132 amid a confluence of positive catalysts, including robust business growth and multiple analyst price target upgrades. The momentum is supported by strong fundamental performance, with the company’s crypto revenues surging 98% to…
(Bloomberg) — Soon, Robinhood Markets Inc.’s retail traders won’t have to leave the platform to brag about their positions or post taunting memes celebrating their investment victories. The online brokerage is breaking into social media. The move is a return of sorts to the firm’s origins. Before starting their trading platform, Robinhood founders Vlad Tenev…
Firm deploys $30 million in risk-on plays Shaves $5 million of Robinhood holdings. Ark Invest is upping its crypto risk appetite. Cathie Wood’s future-themed investment firm trimmed $5 million in long-held bluechip favourite Robinhood over the past week, according to the firm. At the same time, it added nearly $30 million of exposure to Tom…
Robinhood (HOOD) stock gained more than 15% on Monday, closing at a fresh record high on the news that the company will soon be included in the S&P 500 (^GSPC). Robinhood, AppLovin (APP), and Emcor (EME) are set to join the S&P 500 during the index’s next rebalancing on Sept. 22, S&P Dow Jones Indices…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The world’s major stock exchanges are sounding the alarm on tokenized stocks, warning regulators that blockchain-based tokens representing company shares create new risks for investors and could undermine market integrity—putting pressure on Coinbase (NASDAQ:COIN) and Robinhood (NASDAQ:HOOD) as…
Shares of financial services company Robinhood (NASDAQ:HOOD) fell 3.5% in the afternoon session after the company was passed over for inclusion in the prestigious S&P 500 index. The stock fell after S&P Dow Jones Indices announced that Interactive Brokers Group would be added to the index instead. This decision disappointed Wall Street, as Robinhood was…
Robinhood’s CEO has said that Mark Zuckerberg and Elon Musk helped him when the trading platform faced backlash after the GameStop frenzy. Robinhood was one of the main platforms investors from Reddit forum Wall Street Bets used to fuel a short squeeze on GameStop in January 2021. But the platform suspended buying of the stock…