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The Latest Breaking News from Robinhood

America’s biggest banks are teaming up to take on Apple Pay and PayPal with a new digital wallet. Analysts think it could flop

The company behind the popular payment service, Zelle, is launching a new wallet to compete with payment behemoths PayPal and Apple Pay.

Fortune

Sam Bankman-Fried Fights To Keep Control Of $450M In Robinhood Shares As Creditors Circle

FTX founder Sam Bankman-Fried is facing legal battles as he attempted to keep control of his 56 million shares in the consumer trading app Robinhood Markets Inc (NASDAQ: HOOD), currently worth around $450 million

Zenger

Sam Bankman-Fried's lawyers just filed a claim to keep his $450 million in Robinhood shares, arguing he needs them for legal fees

The disgraced crypto founder, once worth $26.5 billion, said he only has $100,000 in his bank account.

Fortune

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Robinhood launches retirement waitlist for first ever IRA with a 1% match

With more workers joining the gig economy and inflation reaching record-breaking levels, Robinhood is giving more Americans the push they need to start saving for retirement.

Fortune

3 Software Stocks to Sell Right Now and 1 to Buy

Despite being well-positioned for long-term growth, the application software industry has near-term headwinds to deal with. Hence, avoiding fundamentally weak stocks Robinhood (HOOD), Monday.com (MNDY), and Matterport (MTTR) could be wise, while fundamentally strong software stock Progress Software (PRGS) could be a great buy right now. Continue reading….

StockNews.com

The Best Software Stock to Buy in November and the Worst

With inflation showing signs of cooling, the Fed is expected to slow down its rate hike aggression in the coming months. This might bode well for the tech and software industry. Moreover, amid rapid digitization, the growth prospects of the software industry should remain solid. Thus, quality software stock Commvault…

StockNews.com

Michael Hiltzik: Crypto tycoon Sam Bankman-Fried didn't lose a $16 billion fortune. His 'fortune' was never real

The Greek tragedy unfolding in the financial press over the last week is the story of Sam Bankman-Fried, the would-be cryptocurrency tycoon and political kingmaker whose multibillion-dollar empire has sunk like the Titanic after its encounter with the iceberg.

Los Angeles Times

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It's the end of the boom times in tech, as layoffs keep mounting

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.

WEKU

Treading a familiar path to super-app status

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

Bangkok Post

3 Stocks You Need to Sell Pronto

Despite the latest inflation data showing a marginal slowdown, inflation is still hovering around an uncomfortably high level, and an end to Fed’s hawkish stance is nowhere in sight. With businesses being increasingly hurt by slowing down demand and rising borrowing costs, it could be wise to get rid of…

StockNews.com

Crypto's White Knight Needs A White Knight: Could The FTX/CZ Drama Be Sam Bankman-Fried's Fall From Grace?

FTX co-founder Sam Bankman-Fried was riding high for several years with his company rapidly growing market share in the cryptocurrency space. The increase in valuation for FTX helped Bankman-Fried’s wealth increase and also led to partnerships and deals with sports teams and athletes around the world.

Benzinga

Robinhood Traders Beat The S&P 500: Is The Retail Investor Back?

Robinhood Markets Inc (NASDAQ: HOOD) stock traded lower Friday, giving up some of its post-earnings gains after the popular online trading platform reported better-than-expected third-quarter revenue and

Benzinga

Robinhood Analysts Praise Q3 Earnings, 'Product Innovation': Are Expectations Now Running High For Coinbase?

Equity and crypto trading company Robinhood Markets Inc (NASDAQ: HOOD) reported quarterly results Wednesday that came in better than expected and had several items

Benzinga

How To Trade Robinhood Stock Heading Into Q3 Earnings

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

Benzinga

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Bangkok Post

Robinhood shifts emphasis to financial services arena

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.

Bangkok Post

SCB X rejig targets regional fintech status

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.

Bangkok Post

Food delivery company Robinhood to launch ride-hailing services this year

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".

StockNews.com

3 Stocks Taking Big Hits From Recent Layoffs

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),…

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StockNews.com

1 Stock You Should Consider Leaving Behind

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…

Benzinga

S&P 500 Snaps 3-Week Losing Streak As Investors Digest Powell's Latest Inflation Comments

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.

Benzinga

Robinhood Launches Index Of Highest-Conviction Stocks: Here Are The Top 10 Holdings

Robinhood Markets Inc (NASDAQ: HOOD) has launched a new stock market index that reflects its customers' top 100 stock holdings.

Bangkok Post

Thailand Post to help deliver food in capital

State enterprise Thailand Post has joined hands with food delivery platform Robinhood, utilising postal workers to assist the Thailand-based app in delivering food from eateries in Bangkok's inner-city areas during rush hours.

Kiplinger

Who Are the Best Small Online Brokers?

Small online brokers like Robinhood have shaken up the market for the bigger players. How do they actually stack up?

Benzinga

Bears Lick Their Chops Over Robinhood's Stock, Here's Where The Bulls Could Step In

Robinhood Markets, Inc (NASDAQ: HOOD) was trading flat on Wednesday after spiking up about 5% over the course of Monday and Tuesday.

Tribune News Service

Tech companies chop hundreds of Bay Area jobs as layoffs mount

OAKLAND, California — Tech company layoffs are poised to eliminate hundreds of jobs in the Bay Area, an ominous new round of layoffs that might jolt the region’s primary economic engine.

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Dhanant Subhadrabandhu

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