Tag Archives: Soars

Shares of Digital World Acquisition Corp (DWAC), the special purpose acquisition company which will merge with former President Trump’s social media company soared more than 270% on Thursday. Trading was briefly halted for volatility as retail investors piled on the stock.  Digital World Acquisition is one of the top trending tickers on Yahoo Finance. It’s also the #1 stock on Fidelity’s orders by retail customers, behind Tesla (TSLA). It is also the most mentioned ticker on Stockwits in the… Source link

(Bloomberg) — Robinhood Markets Inc.’s wild week took another turn on Friday morning when it said that some early investors who filed to sell millions of shares won’t be able to do so until they get clearance from the U.S. Securities and Exchange Commission. Shares of the company climbed as much as 17% at the open in New York before parting some of the gains to trade at $50.33 in late morining in New York. The trading platform said no sales can be made off of the Thursday filing until an… Source link

Robinhood (HOOD) soared to new highs on Tuesday in a stark contrast from its public debut last week. The investing platform’s stock spiked as much as 18% by mid-session. Shares were trading above $44 a piece, holding well above their IPO price of $38.  Investors are keeping a close eye on the stock following Robinhood’s public debut last Thursday.  The stock sank as much as 12% below its IPO price during its first day of trading on the Nasdaq. Shares closed down 8% that day. Some questioned… Source link

Home price growth in the U.S. soared to a new record in May as the housing market continues to heat up. Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 16.6% annual gain in May, up from 14.8% in April — marking the highest reading in more than 30 years of data. It is also the 12th straight month of accelerating prices. The 20-City Composite posted a 17% annual gain, up from 15% a month earlier. The 20-City results surpassed analysts’… Source link

As Bitcoin and other digital coins rise in popularity, so have the number of gripes with the largest cryptocurrency exchange in the U.S., according to a new study. Coinbase was the most complained-about crypto digital wallet in the Consumer Finance Protection Bureau’s complaint database, according to a study done by the U.S. Public Interest Research Group, with the volume of filings — albeit starting at a low level — accelerating this year.  “Coinbase should be investigating consumer… Source link

Square (SQ) reported first-quarter earnings that blew past estimates after market close on Thursday, with the payments company’s results boosted by ongoing growth in Cash App and its cryptocurrency offerings. Shares rose more than 1% in late trading.  Here were the main metrics in Square’s report compared to consensus estimates compiled by Bloomberg: As a financial technology company, Square’s growth ballooned over the course of 2020, with consumers increasingly conducting transactions online… Source link

Coinbase founder and CEO Brian Armstrong attends Consensus 2019 at the Hilton Midtown on May 15, 2019 in New York City. Photo: Steven Ferdman/Getty Images Bitcoin’s (BTC-USD) price reached another all-time high on Wednesday, touching $64,717.01 (£46,908.11), ahead of Coinbase’s historic stock market listing in New York. Bitcoin, which has been up and down over the last few weeks, crossed $64,000 on Wednesday and at the time of writing was 6% higher to $64,585.594. Just yesterday, it had… Source link

Bloomberg SoftBank Seeks $1.2 Billion in Greensill Collapse (Bloomberg) — Greensill Capital owes $1.15 billion to SoftBank Group Corp., people familiar with the matter said, as the Japanese institution emerges as one of the main creditors to the collapsed supply chain finance firm.A total value of claims for more than A$1.75 billion ($1.35 billion) was submitted on behalf of Greensill’s creditors, administrator Grant Thornton said in a statement Friday after a call between creditors… Source link

Bloomberg Biden Eyes First Major Tax Hike Since 1993 in Next Economic Plan (Bloomberg) — President Joe Biden is planning the first major federal tax hike since 1993 to help pay for the long-term economic program designed as a follow-up to his pandemic-relief bill, according to people familiar with the matter.Unlike the $1.9 trillion Covid-19 stimulus act, the next initiative, which is expected to be even bigger, won’t rely just on government debt as a funding source. While it’s been… Source link

TipRanks Raymond James: These 3 Stocks Are Poised to Surge by at Least 50% In a recent note on the state of the stock markets, Raymond James equity strategist Tavis McCourt points out a series of policy factors that are playing a role in the current market volatility; the situation is more complex, perhaps, than most of us have been willing to admit. McCourt notes permutations of the SLR rule, political dynamics on the Senate Banking Committee, and the regulatory atmosphere towards potential… Source link