SoFi’s daily trading volumes have surged as of the beginning of this year, while its user base has dramatically risen, SoFi CEO Anthony Noto said in a televised interview. The report comes as a number of big banks have also reported trading volumes are up...
The stock market swings can be confusing. Public (retail) investors have been, generally speaking, bidding up shares, seemingly shrugging off the lingering impacts of economic headwinds and the pandemic. A series of anecdotes do not necessarily make a trend. Recent down rounds may spotlight the...
In the latest of a string of outages as of the beginning of March, Robinhood Markets Inc. said it has fixed a challenge that led to a “major outage” on its platform Thursday (June 18). The financial technology company is regarded for helping to make trading...
It would have been inconceivable just a few weeks ago to think that U.S. stocks would rebound the way they have, with the S&P 500 up more than 40 percent as of this writing since its March 23 closing low. Likewise, you wouldn’t think tech upstarts...
Walt Disney Co. shares fell more than 2 percent on Monday (May 4) after MoffettNathanson cut the stock’s rating to “neutral” from a previous “buy” and reduced its price target $8 to $112 ahead of Tuesday’s planned earnings report. The firm also cut its fiscal...
Pinterest, the web-based visual discovery platform, saw its shares rally late Tuesday (April 7) after the company released guidance that beat analysts’ pre-coronavirus expectations. While its full first-quarter results will not be released until May 5, the company expects preliminary revenues between $269 million and...
Trading startup Robinhood has apologized to its members for outages that occurred earlier in March during a historic market rally, according to a report by CNBC. The company wants to rebuild trust with its customers by offering them credits to make up for the outages,...
There are bad days on the market — and in the wake of COVID-19, the disease caused by the coronavirus, which has spent the last month gaining more and more global ground, there have been more than a few of those of late. Then there...
Finablr, which owns a number of currency-exchange businesses, including Travelex, is weighing its options after its stock took a hit due to association with health operator NMC Health, according to a report by Bloomberg. The company is considering a few moves, including bringing in new...
