Robinhood posts 44% slump in revenue, slashes headcount by 23%
After reporting slumping revenues, Robinhood announced they are cutting nearly a quarter of their its' full-time staff and doing internal restructuring.
High inflation and the markets: Why ETFs may be a wise investment
Exchange-traded funds, or ETFs, can be a smart choice if you are looking to diversify your portfolio during periods of market instability and rising inflation.
Uber posts stronger operating income as quarterly revenue doubles
Uber Technologies Inc.’s revenue more than doubled last quarter and boosted its operating performance amid high inflation and worries about the weakening economy.
Estée Lauder in talks to buy luxury brand Tom Ford
Luxury brand Estée Lauder is looking to buy private fashion label Tom Ford for $3 billion or more, which would be the cosmetics brand's biggest-ever acquisition.
A tech ETF with a gaming twist
The Wedbush ETFMG Video Game Tech ETF is an exchange-traded fund that focuses on stocks and securities in the gaming sector, and includes holdings like GameStop.
Dow, S&P, Nasdaq post best month since 2020, but pitfalls remain
Stock investors celebrated a strong July as the Dow, S&P and Nasdaq notched big gains despite no shortage of downbeat news on the U.S. economy. Can the gains continue?
Elon Musk files countersuit under seal vs Twitter over $44B deal
Tesla and SpaceX CEO Elon Musk countersues Twitter over his deal to buy the social media company for $44 billion
Former NYSE chair warns Democrats' spending agenda will accelerate inflation, not curb it
Former NYSE chairman and CEO Dick Grasso urges Congress to start listening to middle America and spend wisely instead of spending to appease Wall Street.
Amazon post 2Q loss but revenue tops estimates, stock jumps
Amazon, while reporting another quarterly loss, did beat Wall Street expectations with $121.2 billion in revenue.
Rep. Malinowski ‘concerned’ by Paul Pelosi’s stock trades, despite facing own ethics review
Rep. Tom Malinowski, D-N.J., wants to prohibit Congress members from owning and trading stock after facing his own ethics review for trades he made during the COVID-19 pandemic.
Pelosi commits to lawmaker stock ban vote in September amid questions over husband's trades
Speaker of the House Nancy Pelosi will hold a vote on a stock ban bill in September to prevent members of congress from owning or trading stock.
Manchin's reversal, Fed ups federal funds rate and more: Thursday's 5 things to know
Sen. Joe Manchin frustrated Democrats and President Biden by refusing to sign on to the admin's progressive agenda. He is now signed on to a modified Build Back Better.
Ford 2Q profit up 19% on strong prices, sales increase
Ford had a good quarter as they had enough computer chips to boost factory output and sales.
Qualcomm revenue forecast disappoints on cooling smartphone demand
San Diego, California-based Qualcomm is looking to diversify to sectors such as automotive, though its handset chip business makes up more than half of total sales.
Facebook parent Meta forecasts revenue below estimates
Meta revenue estimates were a disappointment as it recorded its first-ever drop in quarterly revenue.
Boeing profit falls as plane maker awaits approval to deliver Dreamliners
The Arlington, Virginia-based Boeing booked a $93 million charge on its Starliner space capsule in the second quarter. It successfully launched the Starliner in May.
Microsoft blames economic woes for missing profit targets
Microsoft said external factors in China and Ukraine contributed to a disappointing earnings report.
Google parent Alphabet's small sales miss eases recession worries
Google parent Alphabet's quarter revenue nearly matched Wall Street estimates, with ads brining in 81% of sales.
3M to spin off health care business
3M said on Tuesday that it would spin off its health care business into a separate publicly traded company. 3M will retain a 19.9% stake in the new company.
GM sticks to full-year profit forecast, but prepares for possible slowdown
General Motors reported earnings per share of $1.14 and expects full-year net income of $9.6 billion to $11.2 billion. It warned that there are concerns about economic conditions



















