The Latest Breaking News from Robinhood

Amazon will reportedly lay off 10,000 employees as soon as this week. That follows job cuts at Meta, Twitter, and Stripe, with CEOs citing economic uncertainty and a slowdown in online ad buying.

Robinhood, the Thai on-demand service application, has set an ambitious target to become a regional platform in the near future.

Robinhood Markets, Inc (NASDAQ: HOOD) was trading slightly lower Wednesday as the company heads into its third-quarter earnings print after the close.

Robinhood, an application for an on-demand delivery service platform under SCB X, plans to apply for two financial business licences that are expected to generate core income over the long term.

SCB X, the holding company of Siam Commercial Bank (SCB) Group, has set a five-year business direction ending in 2026 to pave the way for it to become a regional financial technology company and generate income from new sources.

Robinhood, the food delivery company backed by Siam Commercial Bank, will introduce car-hailing services by the end of this year as it moves to become a "superapp".

With stubbornly high inflation, rising interest rates, and growing fears of a recession, several businesses have been slashing headcount remarkably to reduce costs and stay afloat. In addition to their weak fundamentals and dim growth prospects, the announcements of layoffs have also impacted the performance of Shopify (SHOP), Coinbase (COIN),…

Online brokerage Robinhood Markets (HOOD), which made commission-free trades popular, had a stellar run post its listing last year. However, the company soon ran out of steam as its growth slowed, and losses rose with a decline in users. Given its weak financials and unfavorable analyst estimates, it could be…

The SPDR S&P 500 ETF Trust (NYSE: SPY) broke a three-week losing streak this week as the latest commentary from Federal Reserve Chair Jerome Powell suggests the Fed will continue to aggressively combat inflation.