Robinhood is ‘dumpster fire,’ has nothing to stand on: Market expert Circle Squared Alternative Investments founder Jeff Sica on Robinhood’s public debut on the New York Stock Exchange. Robinhood Markets Inc. was sharply lower after the company said existing shareholders are planning to sell up to 97.9 million shares. The Menlo Park, California-based trading app developer will not receive any […]
Read moreMADRID, Aug 5 (Reuters) – Real Madrid are preparing to launch a legal claim against Spain’s top soccer league La Liga and private equity firm CVC over their proposed multi-billion dollar investment and revenue-sharing deal, online newspaper El Independiente reported. The club considers the deal, under which CVC will invest 2.7 billion euros ($3.2 billion) in La Liga in exchange […]
Read moreFox Business Flash top headlines for August 4 Check out what’s clicking on FoxBusiness.com. Ethereum was making strong gains early Thursday morning, while Bitcoin was trading slightly higher, reports said. Ethereum coins were trading at $2,634, up more than 6.6% per token, while Bitcoin was trading at $38,480, up a modest 1.94%, respectively, Coindesk reported. Rival Dogecoin was trading near […]
Read more(Reuters) -Albemarle Corp, the world’s largest lithium producer, posted a higher-than-expected quarterly profit on Wednesday due largely to rising sales of the white metal used for electric vehicle batteries. The company reported second-quarter net income of $424.6 million, or $3.62 per share, compared to $85.6 million, or 80 cents per share, a year ago. Albemarle sold its Fine Chemistry Services […]
Read moreROME (Reuters) -Italian Economy Minister Daniele Franco said on Wednesday the government will take care to safeguard jobs and the local economy in the case of a takeover of struggling bank Monte dei Paschi di Siena by larger rival UniCredit. UniCredit last week agreed to enter into exclusive talks with the Treasury to buy “selected parts” of Monte dei Paschi […]
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Check out the companies making headlines in midday trading. Robinhood Markets — Robinhood shares rose in wild trading as the newly public online brokerage zoomed past its IPO price of $38 per share. The brokerage app surpassed its IPO debut volume of 102.5 million shares from July 29, as it traded over 104.6 million shares as of midday Wednesday, according […]
Read moreInfrastructure, earnings dominating markets, not Delta variant: Katz UBS managing director and senior portfolio manager Jason Katz provides insight into today’s markets. TOKYO — Toyota reported Wednesday a record 897.8 billion yen ($8.2 billion) profit for the fiscal first quarter, underlining the Japanese automaker’s resilience even amid the coronavirus pandemic. Toyota Motor Corp.’s April-June profit zoomed more than five-fold from […]
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(Reuters) -The New York Times Co beat quarterly profit expectations on Wednesday as its advertising business showed signs of recovery, eclipsing slower growth in digital subscriptions and sending its shares 12% higher.FILE PHOTO: Vehicles drive past the New York Times headquarters in New York March 1, 2010. REUTERS/Lucas Jackson The financial fallout from the COVID-19 crisis had last year cut […]
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WASHINGTON (Reuters) – A measure of U.S. services industry activity jumped to a record high in July, boosted by the shift in spending to services from goods, but businesses continued to face rising prices because of supply chain constraints.FILE PHOTO: A trader wearing a protective face mask walks, as the global outbreak of the coronavirus disease (COVID-19) continues, at the […]
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