Tag Archives: Robinhood

If U.S. regulators crack down on the controversial practice of payment for order flow, it may have one unintended consequence. Big trading outfits could become much larger and even more influential in markets, explains Interactive Brokers chairman and founder Thomas Peterffy.  “If they were to prohibit payment for order flow, what has to happen is you would have Citadel buy Robinhood and Schwab would buy Virtu, and the two sides would be put together into one company,” Peterffy said on Yahoo… Source link

Stocks sank on Monday, pushing Wall Street benchmarks lower even as second-quarter earnings results reflect a strengthening economic rebound, as rising worries over inflation and the resurgence of new COVID-19 infections rattled investors. This week’s batch of earnings will include industry leaders like Netflix (NFLX) and Johnson & Johnson (JNJ), offering a fuller picture of how companies are faring as more parts of the economy reopened in the spring and early summer. All eyes will also be on… Source link

Exhibit A from Jackson v. Robinhood Markets, Inc., A Delaware Corporation Et Al A California judge on Tuesday dismissed a lawsuit brought by rapper Ice Cube against trading platform Robinhood claiming it used his image to promote its products, without his consent. The rapper sued Robinhood in March, alleging that it was damaging his reputation and violating trademark law by using his image and a take on his musical lyrics, and making it appear as if he endorsed the company, without his… Source link

(Bloomberg) — Robinhood Markets Inc. is now looking to go public in July, after its plans for a listing as soon as this month slipped, according to people familiar with the matter. Robinhood wants to time its initial public offering so people will be back from July 4 holiday travel, said the people, who asked to not be identified because the matter isn’t public. A final decision hasn’t been made and Robinhood’s listing plans could change again, the people said. The popular trading app,… Source link

SEC Chair Gary Gensler in House testimony on Thursday criticized apps that “gamify” stock trading and the potential conflict of interest for market makers that profit from the execution of high-volume trades, hinting at potential new rules that would apply to the popular trading app Robinhood and market maker Citadel Securities. In a new interview, progressive Senator Elizabeth Warren (D-MA) said she supports new SEC rules for companies like Robinhood. Such regulations should impose… Source link

Shark Tank investor Kevin O’Leary may agree with billionaire investor Warren Buffett, and his right-hand man, Charlie Munger, on a number of things. The trading app Robinhood, isn’t one of them. The chairman of O’Shares ETF told Yahoo Finance Live, “I have ultimate respect for Charlie Munger. I’m a huge fan of his philosophy of investing. That doesn’t mean I can’t disagree with him on an issue like this.” At Berkshire Hathaway’s annual shareholder meeting in May, Munger tore… Source link

TipRanks Ride the Crypto Boom with These 3 Stocks Some 15% of the American public owns some form of cryptocurrency – and a large part of that group jumped on the bandwagon in the last two years. The digital currencies – Bitcoin is the most famous, but there are scores of others – offer users a distinct set of advantages, based on their blockchain technology. First, the crypto coins are secure – as a digital technology, blockchain is notoriously difficult to break. Second, the coins… Source link

Dogecoin takes its name and logo from the Shiba Inu dog in the “doge” meme that became popular on the internet that same year. Photo: Yuriko Nakao/Getty Images Dogecoin (DOGE-USD) has soared almost 200% to a new-all time high of $0.3922 (£0.28), riding a broader wave of interest in cryptocurrencies that has been cresting in recent days. The cryptocurrency, which first started up as a joke in 2013, now has a market cap of $33.4bn thanks to the recent surge. It puts the coin in the top 10… Source link

Bloomberg As Sanjeev Gupta Rose From Trader to Tycoon, Several Banks Backed Away (Bloomberg) — British industrialist Sanjeev Gupta’s companies seemed to be prospering until his main lender, Greensill Capital, imploded last month. But long before Greensill collapsed, several banks had cut off the commodity trading business of Gupta’s Liberty House Group.Four banks stopped working with Gupta’s commodity trading business, starting in 2016, after they became concerned about what they… Source link

The Conversation White mobs rioted in Washington in 1848 to defend slaveholders’ rights after 76 Black enslaved people staged an unsuccessful mass escape on a boat An abolitionist lithograph of the slave trade in Washington, D.C., with the U.S. Capitol in the background. Library of CongressThe summer of 2020 was not the first time America saw protests and violence over the treatment of African Americans. An account on April 19, 1848, of the Pearl’s capture appearing in The Daily Union… Source link