stock market - Page 3

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 presidenti

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

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 t

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 Manches

Hong Kong Economy, One of the Few to Survive Pandemic, Collapses over Chinese Takeover

The Hong Kong stock market was rocked by a massive sell-off on Friday after the Chinese Communist government in Beijing declared its intention to bypass the Hong Kong legislature and impose a draconian security law to shut down the protest movement. That single act effectively ended the island’s limited autonomy in the eyes of many residents and concerned international observers.

hong kong ferry

WSJ: Jeff Bezos Sold $3.4 Billion in Amazon Stock as Coronavirus Hit USA

A recent analysis by the Wall Street Journal shows that top executives in the United States sold a total of roughly $9.2 billion worth of stock between the start of February and the end of last week, saving the executives a potential loss of $1.9 billion. Jeff Bezos sold three percent of his Amazon holdings, worth $3.4 billion, at the beginning of February.

Amazon founder Jeff Bezos during the JFK Space Summit at the John F. Kennedy Presidential