Regional lender shares tumble as Fed persists with rate hikes in spite of field turmoil

Important Points

Regional banks ended Wednesday down as traders regarded as the wellness of the banking process pursuing the Federal Reserve conference.
The SPDR S&P Regional Bank ETF (KRE) reached a new session reduced in the course of Chair Jerome Powell’s push meeting and slid more heading into the market’s near.

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Finance

Robinhood CEO downplays OpenAI concerns on tokenized stock structure

July 8, 2025

Key Points In a CNBC interview Tuesday, Robinhood CEO Vlad Tenev defended the company’s OpenAI and SpaceX stock tokens, given concerns over how they’re structured. Last week, OpenAI issued a warning that Robinhood’s stock tokens do not represent equity in the company. “In and of itself, I don’t think it’s entirely relevant that it’s not […]

Finance

BlackRock keeps its foot on the private-markets pedal with another acquisition

July 7, 2025

BlackRock’s new acquisition pushes the asset manager one step deeper into private markets. The news The asset management giant on Monday announced an agreement to buy ElmTree Funds, a real estate investment firm that manages roughly $7.3 billion in assets. ElmTree, which leases commercial properties to single-tenant renters, will be integrated into BlackRock’s new group […]

Finance

Stocks making big midday moves: Tesla, Uber, Royal Gold, Stellantis, WNS and more

July 7, 2025

Tesla — The EV-maker tumbled almost 8% after CEO Elon Musk said he would form a new political party called “America Party.” Musk has been feuding with President Donald Trump, who called the new party “ridiculous.” Uber Technologies — Shares of the ride-hailing company hit an all-time high of $97.12 and recently were up by […]