Robinhood, the stock trading app purporting to let anyone join in the market, answered questions in a blog post on why it had shut down certain securities like GameStop. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Online brokerages Robinhood, Charles Schwab and others were hit by outages again as the markets continued to reel and amateur traders on Reddit fueled the rapid rise of GameStop and other stocks, according to reports on Wednesday (Jan. 27). Get the Full Story Complete the form...
The hopes may have been that consumer spending had been on the rebound, entrenched enough to stay positive, enough to save the holiday shopping season, and maybe beyond. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Facebook and Alphabet, the parent company of Google, would both be in trouble in a broad market sell-off caused by the global coronavirus pandemic, analysts said, adding they’ve also “seen a lot worse” overall, CNBC reported. Get the Full Story Complete the form to unlock...
When it comes to currency and global trade, “stability” seems like a quaint concept these days, an increasingly distant memory that takes on the trappings of nostalgia. One currency goes into crisis, and then another. The stolid figures of finance issue warnings that seem crafted...
Currency hedging has long been a part of global business and trade — but now it is becoming more important thanks to increasing economic and political volatility. In a new PYMNTS interview, Karl Schamotta, regional director of risk management solutions at Cambridge Global, which sells...
As the market grapples for momentum before companies report second-quarter earnings, rising wages may prove to be a headwind: Labor Department data indicates that the average hourly earnings rate rose 2.7 percent in June from the prior year. And, overall, wages have climbed a minimum...
With 120 companies using initial public offerings (IPOs) to raise more than $35 billion on U.S. exchanges, companies are raising capital through the markets at an uncommonly fast pace compared to the past 20 years. Dealogic data indicates that this year’s activity is the highest...
Bolstered by increasing home values and stock prices, The Fed said that American households gained $1 trillion in wealth over the first three months of 2018. Overall, household wealth in the U.S. was just over $100 trillion in a period spanning from January to March,...
