The confidential IPO filing suggests that Robinhood plans to capitalize on the flood of retail operations the startup helped launch with its zero-commission business model. Robinhood selected Nasdaq to list its shares, …
Read More »Opinion: If we want to defend Social Security we will have to fight
Three-quarters of our fellow citizens just said in a survey that they believe that everyone should have a defined benefit type (or “final salary”) pension plan. Phooey. Talk is cheap. How many …
Read More »Pre-Market Actions: New Surveys Show Work-from-Home Revolution May Be Overdone
Several companies feel that the past 12 months have demonstrated the merits of telecommuting and promised more flexible hours. But there are growing signs that the work-from-home revolution could have its limits. …
Read More »Global stocks: Chinese markets tumble as tit-for-tat sanctions increase tension with US and Europe
Hong Kong’s landmark Hang Seng Index (HSI) had the worst performance in Asia, closing down 1.3%, after recovering slightly from a drop of more than 3% early in the day. From China …
Read More »Leon Black resigns as Apollo chairman in unexpected move
Leon Black, Billionaire Co-Founder of Apollo Global Management Inc., APO 2.16% He resigns as chairman of the investment giant in an unexpected move that is the latest in a governance review sparked …
Read More »Billionaire Leon Black Leaves Apollo Following Scrutiny Over Jeffrey Epstein Ties
In a statement, Black said this is “the ideal time to step back and focus on my family, my wife Debra and my health issues, and many other interests.” Apollo said Marc …
Read More »Saudi Aramco reports earnings fell sharply in 2020
The company announced Sunday that its net profit fell a whopping 44.4% to $ 49 billion in 2020. Following that significant hit, Saudi Aramco pledged to spend less this year than it …
Read More »Stock week ahead: Investors love electric cars. They too are starting to like Volkswagen
Volkswagen (VLKAF) went even further on Tuesday, saying it would sell more than 2 million electric vehicles by 2025, hire 6,500 coding experts over the next five years, launch its own operating …
Read More »Wall Street Pros from Goldman to JPMorgan in the New Age of Inflation
Photographer: Michael Nagle / Bloomberg Photographer: Michael Nagle / Bloomberg It’s the unseen force shaking Wall Street: a post-close-era inflation resurgence that could change everything in the world of cross-asset investing. As …
Read More »Cathie Wood’s Ark expects Tesla shares to reach $ 3,000 by 2025
FILE PHOTO: A man wearing a face mask after the coronavirus disease (COVID-19) outbreak walks alongside Tesla Model 3 sedans and Tesla Model X sport utility vehicle in a new Tesla showroom …
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