Caroline Ellison, the former CEO of Alameda Research LLC, appeared in court in New York on October 12, 2023, as the government’s key witness in the fraud case against Sam Bankman-Fried, the founder of FTX. The trial took place in a courthouse in downtown Manhattan. During a relatively slow day in court, one of the …
As equities soared in 2020 and consumers flocked to trading apps like Robinhood, Apple and Goldman Sachs had been developing an investing feature to facilitate buying and selling stocks, according to three anonymous sources. The project was put on hold last year due to market downturns, the sources said. This previously unreported effort would have …
The Google headquarters in Mountain View, California, Jan. 30, 2023. Marlena Sloss | Bloomberg | Getty Images Google parent company Alphabet has reduced its holdings in several publicly traded firms, including Robinhood, 23andMe, and Duolingo. According to SEC filings, Alphabet has sold off nearly 90% of its stake in Robinhood, disposing of more than 4.3 …
The Match.com website is displayed on an Apple iPhone. Andrew Harrer | Bloomberg | Getty Images Here are the noteworthy companies grabbing attention before the market opens on Wednesday. CVS Health – Shares of the prominent retail pharmacy surged 1.8% in premarket trading following the release of robust second-quarter earnings and revenue. CVS reported earnings …
Robinhood CEO and co-founder Vlad Tenev and co-founder Baiju Bhatt pose with Robinhood signage on Wall Street after the company’s initial public offering in New York City, July 29, 2021. Andrew Kelly | Reuters Discover the companies making headlines in after-hours trading. Robinhood – The trading platform’s shares declined by 4.7% following the release of …
A Solarpro employee installs a SolarEdge Technologies Inc. inverter at a residential property in Sydney, May 17, 2021. Brendon Thorne | Bloomberg | Getty Images Discover the companies making significant midday moves: SolarEdge Technologies — The solar stock experienced a 19% decline as the company’s reported revenue of $991 million fell short of analysts’ estimates …
Discover the companies that are generating buzz in premarket trading. Target — The retail giant experienced a 0.6% increase after announcing a 1.9% dividend raise, equivalent to 2 cents per share, bringing it to $1.10 per share. Cognyte Software — This software company witnessed a 5.6% rise in premarket trading following its quarterly report. Cognyte …
Charles Schwab Corp. is the largest publicly traded brokerage business in the United States with $7.5 trillion of client assets. It is also a leading financial service provider for advisors, a top asset manager for exchange-traded funds, and one of the largest banks. According to Michael Wong, the Director of North American Equity Research and …
SEC Chair Gary Gensler has taken a hardline stance against the cryptocurrency industry, with the recent lawsuit against Coinbase and Binance for securities violations and skepticism towards the future of token trading. This move has resulted in a sell-off in the market with four of the 10 most valuable coins dropping at least 15% in …