Robinhood Markets announced it will reduce its full-time workforce by about 10%, joining a growing list of tech companies implementing significant layoffs. This move reflects ongoing cost-cutting efforts in the technology sector amid economic pressures. Robinhood's stock price rose early Tuesday following the announcement, signaling investor approval or relief. The layoffs highlight broader challenges in the tech industry as companies adjust to changing market conditions.
Investors shifted funds into financial stocks, with the XLF ETF rising 1.5%, while technology stocks fell, with the XLK ETF dropping 2.8%, as markets anticipated the first Federal Reserve policy meeting under new Chairman Kevin Warsh. Chip stocks led...
U.S. stock markets rose Wednesday with small caps leading, hitting record highs as investors awaited Federal Reserve Chair Kevin Warsh's first interest rate decision. The Fed is expected to keep rates steady at 3.50%-3.75%, focusing attention on futu...
Zoomex, a global crypto derivatives exchange, has introduced Zoomex Stocks, allowing users to trade tokenized versions of major U.S. equities and ETFs using USDT within a single account. This move responds to a market shift as institutional capital f...
Last week, leveraged ETFs focused on South Korea, semiconductors, and Robinhood Markets led gains with returns exceeding 25%. The Direxion Daily MSCI South Korea Bull 3X ETF topped the list with a 35.22% gain, driven by easing Middle East tensions an...
Novig has received approval from the Commodity Futures Trading Commission (CFTC) to operate as a federally regulated sports prediction market, joining a growing field including Kalshi, ProphetX, Robinhood, and major sportsbooks like FanDuel and Draft...
