Robinhood Markets Inc
Robinhood cutting about 9% of full-time employees
Retail brokerage firm Robinhood is cutting back staffing levels, citing “duplicate roles and job functions” after rapid expansion last year. CEO Vlad Tenev made the announcement in a blog post on Tuesday afternoon. Shares fell more than 4% in extended trading. The move will affect about 9% of full-time employees. Robinhood reported 3,800 full-time employees […]
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Earnings playbook: Your guide to the busiest week of the reporting season, featuring Apple & others
The busiest week of the earnings season is coming up, with roughly 160 S&P 500 companies slated to report, including tech giant such as Apple and Amazon. Source
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Goldman executive who helped create Marcus brand leaves for real estate investing start-up Cadre
Dustin Cohn, chief marketing office of Cadre Source: Cadre Goldman Sachs consumer bank branding chief Dustin Cohn has joined real estate investing start-up Cadre as chief marketing officer, CNBC has learned. The departure of Cohn, who is credited with helping name the firm’s consumer division Marcus in 2016, is the latest in a wave of […]
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Robinhood revives plans to launch in the UK with deal to buy crypto app Ziglu
A woman holds a smartphone with the Robinhood logo in the background. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Robinhood said Tuesday it has agreed to buy Ziglu, a London-based fintech app that lets users trade bitcoin and several other cryptocurrencies. The acquisition will help Robinhood expand into the U.K. and Europe, […]
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Stocks making the biggest moves midday: Robinhood, EPAM Systems, Kroger and more
Kroger is opening automated warehouses around the country to build a larger and more profitable online grocery business. Kroger Check out the companies making headlines in midday trading Friday. Robinhood — Shares of the trading app dropped nearly 7% after Goldman Sachs downgraded the stock to sell from neutral. The Wall Street firm cited softening […]
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Stocks making the biggest moves premarket: Biogen, Spirit, Robinhood and more
Check out the companies making headlines before the bell: Biogen (BIIB) – Biogen fell 1% in premarket trading after the government announced that Medicare will limit coverage for Aduhelm, Biogen’s Alzheimer’s disease treatment. Coverage will only be provided for patients enrolled in clinical trials. Spirit Airlines (SAVE) – Spirit said it will begin talks with […]
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Sell Robinhood shares as user growth weakens, Goldman says
Goldman Sachs on Friday downgraded shares of mobile brokerage Robinhood, citing bleak user engagement and growth. Source
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Investing may be getting too complex for retail investors — and even professional brokers
As more cutting-edge investment products work their way into the marketplace, there’s growing fear retail investors and even professional brokers are getting in over their heads. Former SEC attorney David Gorman, who’s now a partner at Dorsey & Whitney, contends complex products designed for profits are creating unprecedented risks and U.S. regulators are taking notice. […]
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Stocks making the biggest moves premarket: Walgreens, Baidu, Novavax and others
Check out the companies making headlines before the bell: Walgreens (WBA) – The drug store operator reported an adjusted quarterly profit of $1.59 per share, 19 cents above estimates, with revenue also topping Wall Street forecasts. Comparable pharmacy sales rose 7.3%, helped by demand for Covid vaccines. Walgreens shares initially rose in the premarket but […]
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Stocks making the biggest moves midday: Robinhood, Chewy, RH, Lululemon and more
Vlad Tenev, CEO and co-founder Robinhood Markets, Inc., is displayed on a screen during his company’s IPO at the Nasdaq Market site in Times Square in New York City, U.S., July 29, 2021. Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Robinhood — Shares of the stock-trading app fell 5.8% […]
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