Robinhood signals trading slowdown despite strong second quarter revenue boosted by crypto
While Robinhood said factors including seasonality and an uptick in trading activity on its platform worked in its favor during the second quarter, the company anticipates "seasonal headwinds and lower trading activity" will result in lower revenue and considerably fewer new funded accounts in the third quarter.
Senate Democrats ask FTC to investigate Tesla over 'misleading' Autopilot claims
Senate Democratic lawmakers called Wednesday for the Federal Trade Commission to launch a probe into Tesla’s “Autopilot” and “Full Self-Driving” systems, citing “serious concerns” regarding what they described as the company’s “misleading advertising” of their features.
Alleged Netflix insider trading ring charged by SEC
The SEC has charged five people in connection with an alleged insider trading scheme involving Netflix.
Dow Jones tumbles 382 points as Fed minutes suggest taper could start this year
U.S. stock indexes closed lower Wednesday as investors digested minutes from the Federal Reserve’s latest policy meeting which suggested the central bank could begin tapering its asset purchases this year.
Home Depot, Lowe’s share lumber crisis update
America’s biggest home-improvement chains say the lumber market is returning to normal after a period of extreme and record volatility.
Moderna stock cements lead as S&P 500's top performer of 2021
Moderna is the star stock of 2021 maintaining its position as the S&P 500’s top performer.
Big money managers ratchet up expectations Fed will announce taper this year
The vast majority of big money managers say the Federal Reserve will soon signal the start of the tapering of its asset purchase program, according to a survey conducted by Bank of America.
Robinhood earnings: What to watch
The announcement will mark the first earnings report since the commission-free trading app made its highly-anticipated debut on the Nasdaq last month.
Target sales beat as shoppers go back to stores; online buying sags
Target Corp beat analysts' estimates for same-store sales on Wednesday as more shoppers visited its stores to buy clothes and stock up on back-to-school essentials, even though they bought less online compared to pandemic highs.
T-Mobile confirms hackers stole about 7.8M postpaid customers' personal data
T-Mobile US confirmed on Wednesday that the investigation into a cyberattack has revealed that some personal data of about 7.8 million customers was affected, according to Reuters.
Alibaba’s US shares fall to lowest since 2019 as China cracks down
A new round of proposed regulations sent Alibaba Group Holding Ltd. ’s U.S. listing to decline 4.9% on Tuesday to $173.73, its lowest close since October 2019.
Palantir buys $50M in gold bars
Palantir Technologies Inc. is investing in gold at a time when more U.S. companies are focusing their efforts on cryptocurrencies.
Dow Jones, S&P 500 snap 5-day streaks of record highs
U.S. stock indexes fell Tuesday as investors digested earnings from big retailers.
Home Depot's US sales slow as DIY consumer demand wanes
Home-improvement chains had a blockbuster 2020 as revenue and profit surged from stuck-at-home Americans splurging on paint, tools, and gardening equipment to upgrade their living spaces through DIY projects.
Spirit Airlines says flurry of flight cancellations cost firm $50 million so far
Spirit Airlines lost tens of millions of dollars in its spate of flight cancellations and delays this month, according to an SEC filing.
'Big Short' investor betting against Tesla, filing shows
Investor Michael Burry, who rose to national prominence after the 2015 film “The Big Short,” is making a sizable bet against Tesla, according to the latest regulatory filings from his investment firm Scion Asset Management.
Beyond Meat files trademark application for 'Beyond Milk'
Beyond Meat Inc. filed a trademark application for a product called “Beyond Milk” earlier this month, an indication the company could be exploring an entry into the dairy alternatives marketplace.
Dow Jones, S&P 500 book fifth straight close at record highs
U.S. stock indexes finished mixed Monday as the Dow Jones Industrial Average and the S&P 500 battled to record highs for a fifth straight day, reversing sharp losses seen early in the session.
Is China’s economy in trouble?
The Americas at Natixis chief economist Joseph Lavorgna, Richard Bernstein dep. chief investment officer Dan Suzuki, and Money Map Press chief strategist Shah Gilani discuss their outlook for the economy and markets.



















