stock market

Robinhood Pays $70M Fine for Misleading Customers

The popular stock and cryptocurrency trading platform Robinhood has reportedly paid a $70 million settlement to the Financial Industry Regulatory Authority (FINRA) on Wednesday after being accused of misleading customers.

Robinhood CEO Vladimir Tenev

Robinhood Moves Toward IPO Despite GameStop Controversy

Stock trading app Robinhood has chosen Nasdaq as the exchange for its IPO this year, despite being embroiled in controversy over its treatment of its customers during the Gamestop trading frenzy and previous problems including trading outages.

Robinhood CEO Vladimir Tenev

AOC Refuses to Work with Cruz amid Robinhood, GameStop Fiasco: ‘You Almost Had Me Murdered’

Both Rep. Alexandria Ocasio-Cortez (D-NY) and Sen. Ted Cruz (R-TX) are among lawmakers seemingly calling for congressional action after Robinhood restricted trading for GameStop following a surge spurred by a populist investing movement, but the New York lawmaker rejected Cruz after he agreed with her on social media, telling the senator to “sit this one out” because, she claimed, he almost had her “murdered” three weeks ago — a reference to the January 6 Capitol riot.

Rep. Alexandria Ocasio-Cortez, D-NY., speaks at a campaign rally for Democratic presidential candidate Sen. Bernie Sanders, I-Vt., at the University of Michigan in Ann Arbor, Mich., Sunday, March 8, 2020. (AP Photo/Paul Sancya)

Bokhari: Redditors Remind America that Wall Street Is Rigged

Populist movements against ruling elites have been the big political story of the past five years. But at the very moment when elites appear to be winning political battles again, a new threat to their power emerges — this time aimed at Wall Street rather than Washington.

NEW YORK, NEW YORK - DECEMBER 19: Traders work on the floor of the New York Stock Exchange (NYSE) as the Federal Reserve Board Chairman Jerome Powell holds a news conference on December 19, 2018 in New York City. U.S. stocks fell on Wednesday after the Federal Reserve raised interest …

Airbnb Worth More than Marriott, Hilton, and Hyatt Combined

Shares of the short-term rental company Airbnb have skyrocketed by 120 percent in its first day of trading, launching the company’s market cap to more than five times its last private market valuation. The massive IPO has resulted in Airbnb being worth more than the combined values of Marriott International, Hilton Worldwide, and Hyatt Hotels, the three largest hotel chains.

Airbnb has been targeted by several cities exasperated by what is seen as a bid at times to avoid local laws and taxes

Twitter Stock Crashes 20% as User Growth Fizzles

Social media giant Twitter suffered a stock price crash of more than 21 percent in intraday trading today following the release of the company’s Q3 report. The company reported its slowest growth in years as many companies also bought less advertising on the platform at the same time.

Jack Dorsey testifies remotely

U.S. Household Net Worth Hits Highest Level Ever

The roller coaster of the pandemic economy saw the net worth of U.S. households soar to its highest level ever in the second quarter. That followed the largest-ever drop in the previous quarter due to the economic disruption of the

US President Donald Trump arrives to address supporters during a campaign rally at Manchester - Boston Regional Airport in Londonderry, New Hampshire, August 28, 2020. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)