Robinhood Markets, Inc.
Coverage of Robinhood Markets, Inc. in the Nexus archive.
- Global stocks stage a rally as American markets take the day off
Global stocks rose in Europe and Asia as the Dow Jones set a record, with Samsung Electronics and SK Hynix surging in South Korea. U.S. markets closed for Independence Day, but futures and crypto stocks gained amid weaker-than-expected job growth data and lower inflation expectations.
- Asian shares rally after Dow hits a record, as some AI shares bounce back
Asian shares rose following the Dow's record high, with mixed performance in AI-related stocks. South Korea's Kospi and Hong Kong's Hang Seng gained, while U.S. job data and oil prices influenced market sentiment. Crypto stocks rose as Bitcoin rebounded.
- Most U.S. stocks climb toward the finish of a strong week, but drops for tech keep indexes mixed
Most U.S. stocks rose as weaker-than-expected job market data eased pressure on the Federal Reserve to hike interest rates, though tech stocks dragged down major indexes. Treasury yields fell after the U.S. government reported 57,000 jobs added in June, below economists' expectations, potentially delaying rate hikes. National Beverage and Dollar Tree saw significant gains due to special dividends and stock buybacks.
- Most U.S. stocks climb toward the finish of a winning week, but drops for tech keep indexes mixed
Most U.S. stocks rose as job market data eased concerns about Federal Reserve rate hikes, but tech stocks dragged down the Nasdaq. Treasury yields fell after a weaker-than-expected jobs report, boosting Bitcoin and crypto-related stocks like Robinhood and Coinbase. National Beverage's special dividend also drove its stock up 13.2%.
- Wall Street inches slightly higher, oil prices fall again on hopes for an end to Iran war
U.S. markets edged slightly higher while oil prices fell following a tentative U.S.-Iran agreement to end their conflict. The deal remains uncertain as Iran demands Israel withdraw from Lebanon, a condition Israel has rejected. Oil prices declined on expectations of a reopened Strait of Hormuz, though energy sector stocks weakened and travel-related companies gained.
- Robinhood stock shrugs off a 47% crash in crypto revenue thanks to a massive surge in event betting
Robinhood stock remains stable despite a 47% decline in crypto revenue, driven by a significant increase in event betting. The company's diversified revenue streams offset losses in the cryptocurrency sector.