stock market - Page 4

The stock trading app Robinhood, notorious for its actions against GameStop and other “meme stock” investors, has kicked off a nationwide effort to convince students to trade stocks using its app, including a $20,000 giveaway offering to young people.

The video conferencing company Zoom, which enjoyed massive growth during the coronavirus pandemic, has suffered a 16 percent slide in share price today after the company reported second-quarter earnings that beat expectations but showed slow growth.

A Chinese state newspaper called Economic Information Daily published an article on Tuesday that compared Internet gaming to opium addiction.

President Joe Biden defended his administration’s handling of the economy Monday even as the stock market plunged more than 900 points.

A non-partisan ethics watchdog, the Foundation for Accountability and Civic Trust (FACT), sent another letter to the Office of Congressional Ethics (OCE), laying out more information regarding Democrat Rep. Tom Malinowski’s (NJ) alleged violations of federal law after filing their first complaint in March.

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.

The Bovespa Index, the Sao Paulo stock exchange, hit a record high for the third consecutive day on Tuesday on the news that Brazil’s GDP had increased by 1.2 percent in the first quarter of 2021 — a particularly stunning achievement given the severity of the Chinese coronavirus outbreak in the country.

The State Department released U.S. Special Presidential Envoy for Climate John Kerry’s financial disclosure documents, only after Fox News pressed the agency multiple times to comply with the requests, according to a report. 

John Kerry, U.S. Special Presidential Envoy for Climate, has disclosed millions of dollars in income from finance and energy firms along with his recently liquidated huge stock portfolio in his latest financial filing, according to a report.

White House press secretary Jen Psaki on Thursday defended reports of a planned tax hike from President Joe Biden, arguing the wealthy could afford it.

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.

Alex Kearns, 20, took his own life on June 12. Now his parents are suing stock trading app Robinhood for the circumstances leading to his suicide.

Malaysian retail investors rallied on social media to drive up stocks of Malaysian rubber glove manufacturers on Friday, in a move modeled on the GameStop trading surge witnessed in the U.S. this week.

Nigel Farage has hailed the GameStop rebellion as the natural successor to the populist movement which carried Brexit and Donald Trump to victory in 2016.

Shares of GameStop and AMC saw tremendous gains this week as an army of small retailer investors beat back sophisticated hedge funds that had bet against the stocks.

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.

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.

GameStop stock has surged yet again following a recent social media post from Tesla and SpaceX CEO Elon Musk. The stock is trading at more than $366 per share in morning trading, a one-day increase of almost 150 percent.

In a recent article, Bloomberg outlines how the popular Reddit forum WallStreetBets, along with help from other online investing forums, successfully increased the value of retailer GameStop’s share price by massive amounts.

The SEC has charged popular stock trading app Robinhood with deceiving customers about how the company makes money and failing to deliver the best execution of trades.

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.

President Donald Trump celebrated the news that the Dow Jones Industrial Average hit 30,000 Tuesday morning despite the ongoing coronavirus pandemic.

The stock market supposedly hates uncertainty. So why is it soaring after an election night that upended expectations, humiliated polls, and created conditions for a drawn-out fight over ballot counting that could last for weeks?

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.

A recent internal probe of Robinhood trading app accounts discovered almost 2,000 customer accounts were compromised in a recent hacking spree.

Dow Jones Industrial Average futures fell over 400 points early Friday morning after President Donald Trump announced that he and First Lady Melania Trump had tested positive for the coronavirus.

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

Joe Biden said Trump only cares about the stock market. Trump said the stock market is “not important compared to life and death.”

Apple has become the first U.S. company to boast a market value of $2 trillion in Wednesday’s early stock market trading.

President Donald Trump told Breitbart News exclusively in an Oval Office interview on Monday that if presumptive Democrat presidential nominee former Vice President Joe Biden somehow won the election, there would be “chaos in this country.”

President Donald Trump on Wednesday touted a V-shaped economic recovery despite the ongoing coronavirus pandemic in the United States.

Chinese state media claimed Tuesday that Chinese tech companies “spooked” by the Trump administration’s threats to “throw its weight around” are hurriedly making plans to bring their capital home.

The Dow had its best quarter since 1987.

LOS ANGELES (AP) — Fox News apologized Saturday for how it displayed a chart correlating the stock market’s performance with the aftermath of the deaths of George Floyd, Martin Luther King Jr., and Michael Brown.

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.

President Donald Trump on Monday voiced optimism about the testing results of the coronavirus vaccine from Moderna.