Robinhood Markets, Inc. - Class A Common Stock (HOOD)
40.10
-1.92 (-4.57%)
Robinhood Markets Inc is a financial technology company that provides a digital platform for trading stocks, options, and cryptocurrencies
Designed to make investing accessible to a broader audience, Robinhood offers commission-free trades and has gained popularity for its user-friendly mobile app, which allows users to buy and sell financial instruments with ease. In addition to its trading services, the company also offers features such as cash management, educational resources, and research tools, aiming to empower investors of all experience levels to take control of their financial futures.
Shares of financial services company Robinhood (NASDAQHOOD)
fell 7.1% in the morning session after markets seemed to have caught "tariff/trade war fever" once again (Nasdaq down 1.9%, S&P 500 down 1.2%) amid broader geopolitical anxiety. The volatility was perhaps also related to uncertainty surrounding the Fed's rate decision to be announced later in the week. The consensus estimate was for the Fed to keep interest rates at the range of 4.25%-4.5%. This could be a bit of a letdown for the dovish camp, expecting some policy relief to help offset the growing market weakness amid the ongoing trade war, which some analysts considered to be bad for growth and corporate earnings.
The cryptocurrency industry, long at odds with U.S. regulators, is now pushing back harder than ever against the Securities and Exchange Commission after finding itself on more favorable ground under President Donald Trump's administration.
Robinhood said that at its launch, the hub will permit customers to trade contracts for the upper bound of the target Fed funds rate in May and the upcoming men’s and women’s College Basketball Tournaments.
On Thursday, Cathie Wood‘s Ark Invest made significant trades, focusing on acquiring shares in Robinhood Markets Inc (NASDAQHOOD), Coinbase Global Inc NASDAQ:COINNASDAQCOIN)
The prolonged legal battle between the SEC and Ripple Labs, initiated in December 2020 over the alleged $1.3 billion unregistered XRP (CRYPTO: XRP) sale, may soon conclude, according to a Fox Business report.
Growth boosts valuation multiples, but it doesn’t always last forever.
Companies that cannot maintain it are often penalized with large declines in market value, a lesson ingrained in investors who lost money in tech stocks during 2022.
The “MAGA Seven” are a group of stocks, dubbed by MarketWatch, that have notched significant gains and attention since the election of President Donald Trump. However, the MAGA Seven took a big hit in Monday's market rout. Here's a look at how they performed.
