Vlad Tenev, co-founder and CEO of Robinhood rings the opening bell at the Nasdaq on July 29th, 2021. Source: The Nasdaq Robinhood’s revenue more than doubled in the second quarter to $565 million, bolstered by a massive surge in crypto trading, the stock trading app said Wednesday. In its first earnings report as a public
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Billionaire venture capitalist Chris Sacca has a message for anyone who will listen: “The climate is f—ed. Even worse than it seems,” he said in a 12-page letter to potential investors, obtained by Axios on Monday. Sacca’s climate-focused firm Lowercarbon Capital announced a new capital raise of $800 million on Thursday, which Sacca said will
JEFF KOWALSKY | AFP | Getty Images Federal unemployment benefits officially expire on Labor Day — but state administrative rules require that aid to end a few days earlier than some workers may anticipate. All states pay weekly benefits according to a schedule that ends on a Saturday or Sunday. However, the American Rescue Plan
People line up outside a newly reopened career center for in-person appointments in Louisville, Kentucky, on April 15, 2021. Amira Karaoud | Reuters In just a few weeks, enhanced federal unemployment insurance put in place during the coronavirus pandemic will end as the delta variant continues to threaten the economic recovery. Some 7.5 million Americans
This is an excerpt from CNBC Make It’s weekly newsletter. Subscribe here. Sorry to be the bearer of bad news. But if you’re currently renting your place, you might see the price tick up when it’s time to renew your lease. In fact, rent is forecast to be even higher this year than it would have
Federal Reserve officials at their July gathering made plans to pull back the pace of their monthly bond purchases likely before the end of the year, meeting minutes released Wednesday indicated. However, the summary of the July 27-28 Federal Open Market Committee gathering indicated that the central bankers wanted to be clear that the reduction,
The big cap stocks retreated at the end of 2020 as the small caps took the spotlight. Will the mega-cap FAANG stocks lead them back this earnings season?
Learn more about the Bull and Bear of the day go to https://www.zacks.com/bull
In this article TGT Target CEO Brian Cornell is confident the big-box retailer will have plenty of merchandise this holiday season, despite industry-wide supply chain complications that have sparked worries that items could quickly sell out of stock. Target’s inventories were up $2.5 billion in its latest quarter compared with a year earlier, Cornell said
In this article LOW A customer pushes a shopping cart towards the entrance of a Lowe’s store in Concord, California, on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Lowe’s outpaced earnings estimates on Wednesday, as projects by home professionals helped drive sales in the second quarter. Shares rose more than
Though the meme-inspired cryptocurrency dogecoin was created as a joke and its creators never intended for it to be taken seriously, billionaire Mark Cuban sees value in it — especially after it saw a surge of interest earlier this year. “The point about doge that people miss is that doge’s imperfections and simplicity are it’s greatest strengths,” Cuban,
Cathie Wood Source: CNBC Cathie Wood called out Michael Burry on social media after ‘The Big Short’ investor placed a bet against her flagship ARK Innovation exchange-traded fund. “To his credit, Michael Burry made a great call based on fundamentals and recognized the calamity brewing in the housing/mortgage market. I do not believe that he
Thailand, now in the top five destinations customers of travel insurer Seven Corners are booking, requires visitors be insured for Covid treatment. Saowakhon Brown | Moment | Getty Images The ever-evolving Covid-19 pandemic is reshaping where Americans spend their travel dollars and how they protect that investment. That’s according to the latest findings from travel
Prospective home buyers arrive to tour a house for sale in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images Borrowers backed away from the mortgage market last week, as higher interest rates chilled a recent revival in refinances. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less)
Chinese President Xi Jinping Aris Messinis | Pool | Reuters BEIJING — Chinese President Xi Jinping emphasized at a finance and economic meeting Tuesday the need to support moderate wealth for all — or the idea of “common prosperity,” which analysts have said is behind the latest regulatory crackdown on tech companies. Significantly, the meeting
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In this article HD A Home Depot store is seen in Washington, DC, on August 18, 2020. NICHOLAS KAMM | AFP | Getty Images Home Depot said Tuesday it quickly sold out of an early release of Halloween products, offering a signal that consumers will be eager to decorate their homes this fall and winter.
In this article NIU This Niu scooter store in Beijing’s Chaoyang district is open daily from about 8 a.m. to 8 p.m. Evelyn Cheng | CNBC BEIJING — Almost three years since Chinese electric scooter start-up Niu Technologies listed in the U.S., the company has not only turned profitable but has also shaken off losses
Turkish restaurateur Nusret Gokce aka Salt Bae arrives for the screening of the film “The Traitor (Il Traditore)” at the 72nd edition of the Cannes Film Festival in Cannes, southern France, on May 23, 2019. Loic Venance | AFP | Getty Images Oh, Bae, here we go again! The pricey steakhouse chain founded by sexy
In this article PSTH Bill Ackman’s troubled SPAC was hit with a lawsuit Tuesday alleging the blank-check company promised “staggering compensation” to directors and asking that the entity’s special status be revoked. The plaintiffs — former Securities and Exchange Commission commissioner Robert Jackson and Yale law professor John Morley — claim that Pershing Square Tontine