Robinhood stock (NASDAQ: HOOD) took a hit on Wednesday, dropping about 5% as markets turned choppier and investor nerves grew. The slide comes after a strong run for the online brokerage, which had been riding a wave of growth in both traditional trading and crypto activity. Robinhood stock had been on fire earlier this year, […]
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Stocks retreated on Thursday as stronger-than-expected wholesale inflation data tempered investor optimism over a potential Federal Reserve rate cut next month. The Dow Jones Industrial Average fell 200 points, or about 0.5%, while the S&P 500 dropped 0.4% and the Nasdaq Composite slid 0.3%. The pullback followed fresh record highs for the S&P 500 and […]
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The US markets opened largely unchanged on Friday, buoyed by retail sales data that pointed to continued consumer strength as the market digested hotter-than-expected wholesale inflation, as Wall Street prepared to close another week of gains. The S&P 500 index gained 0.03%, while the Dow Jones Industrial Average advanced 200 points, or 0.4%. The Nasdaq […]
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Linda Yaccarino on Wednesday announced her resignation as chief executive officer of X, Elon Musk’s social media platform, after two years in the role. Her exit comes just one day after Musk’s artificial intelligence chatbot, Grok, made and then deleted a series of antisemitic posts and comments referencing Adolf Hitler. Yaccarino did not provide a […]
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Linda Yaccarino has stepped down as CEO of X, the platform once known as Twitter, bringing an eventful chapter to a close. Over the past two years, she was at the center of one of tech’s most ambitious and chaotic transformations. Handpicked by Elon Musk in June 2023, the veteran ad executive took on the […]
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Tesla Inc., the electric vehicle pioneer helmed by Elon Musk, has finally made its long-awaited entry into India with the launch of its Model Y SUV, priced at a steep ₹6 million ($69,770). The company inaugurated its first showroom in Mumbai on Tuesday, formally stepping into the world’s third-largest automobile market, although its initial approach […]
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XRP price crashed to a low of $2.5440, down by over 30% from the year-to-date high. Ripple was trading at $2.5485, up sharply from last Friday’s low of $1.7768. This article explores whether XRP is a good investment as the XRPR ETF nears a $100 million milestone. XRPR ETF growth is accelerating The recently launched […]
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California has passed a law that protects unclaimed cryptocurrency from being forcibly converted to cash, making it the first state to offer such explicit safeguards. California Governor Gavin Newsom signed Senate Bill 822 on Oct. 14, effectively updating the state’s Unclaimed Property Law to include digital assets like Bitcoin, Ethereum, and other cryptocurrencies, and becoming […]
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The global cryptocurrency market has suffered another sharp downturn after China’s move to tighten export controls on rare earth materials in retaliation for the new US tariffs imposed by President Donald Trump on Friday. Beijing’s announcement came shortly after Trump revealed sweeping 100% tariffs on all Chinese imports, a move that many analysts view as […]
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Private-sector employment in the United States rose modestly in October, with employers adding 42,000 jobs, according to the latest ADP National Employment Report released on Wednesday. The figures, compiled by ADP Research in collaboration with the Stanford Digital Economy Lab, offered a faint sign of resilience in the labor market even as broader economic pressures […]
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