Coinbase Soars In Market Debut, Valued Near $86 BillionSan Francisco-based Coinbase made a rousing debut on Wall Street Wednesday, with shares of the digital currency exchange rising as high as $429, briefly giving it a market value over $100 billion.
Family Sues Robinhood After Stock Trader Kills Himself Mistakenly Believing He Lost $700KA family has filed a lawsuit against Robinhood Financial claiming the company's practices led to their son's suicide because he mistakenly believed he lost $700,000.
Robinhood Raises $3.4B From Investors Amid Surge In TradingPopular Bay Area-based online trading platform Robinhood said Monday that it has lined up $3.4 billion to help meet its funding requirements amid a spike in trading on Wall Street fueled by small investors driving up shares in GameStop and other stocks.
Tesla Shares Soar 50% Since Announcing Stock SplitTesla is preparing to split its stock, making it more affordable for average investors. It may need to do another one pretty soon if its shares keep surging.
Airbnb Files Preliminary Paperwork for Public Stock OfferingAirbnb on Wednesday filed preliminary paperwork for selling stock on Wall Street, undaunted by a global pandemic that has taken some wind out of its home-sharing business.
Tesla Reports Fourth Straight Quarter Of Profits In Blockbuster YearBay Area-based Tesla Inc. and CEO Elon Musk continued their winning streak Wednesday, reporting second-quarter net income of $104 million to mark the first time the company has reported four consecutive profitable quarters.
News Of California's Reopening Rollback Sends Stocks Into ReverseWall Street got a painful reminder of the threat the coronavirus pandemic poses to the economy Monday, and a big early gain for stocks suddenly flipped to losses after California rolled back its reopening plans amid a spike in cases.
Stocks Surge To Highest Levels Since Shutdown As U.S. Death Toll Nears 100,000Stocks surged on Wall Street to their highest levels since the business shutdowns took hold in the U.S. over two months ago, climbing on optimism Tuesday about the reopening economy even as the nation’s official death toll from the coronavirus closed in on 100,000.
Tech, Health Care Stocks 'Resilient' Amid Widespread Losses During COVID-19 PandemicEven with the coronavirus pandemic throwing the global economy into disarray, tech stocks in the S&P 500 have been remarkably resilient. They’re up 4.1% for 2020.
As Oil Prices Plummet U.S. Stocks Suffer Worst Loss In WeeksThe Dow Jones Industrial Average fell 631.56 points, or 2.7%, to 23,018.88, and the Nasdaq was down 297.50, or 3.5%, to 8,263.23.
Mounting Coronavirus Fears Triggers Brutal Stock Sell-Off; Dow's Biggest Point Drop EverThe coronavirus pandemic's effect on the economy triggered a major sell-off Monday on Wall Street, where the Dow Jones Industrial Average dropped nearly 1,000 points in the final hour of trading to drop just short of 3,000 points for the day, the Dow's worst point drop in history.
Wall Street, Tech Stocks Suffer Opening Bell 2,000-Point Sell-Off; Trading Halted For 15 Minutes After Steep Decline After two weeks of steady declines, Wall Street was bracing for a steep tumble fueled by coronvirus fears and an oil price war between OPEC countries and Russia at Monday's opening bell as Dow futures shed nearly 1,300 points in overnight trading.
Tesla Posts Quarterly Profit, Surprising Wall Street And Thrilling InvestorsTesla posted an unexpected profit, surprising Wall Street and thrilling investors and its customer base.
Protecting Your 401k: What Is The Yield Curve And Why It MattersThe bond market is flashing a big neon caution sign.
Rough Day On Wall Street After Feds Cut Key Interest Rate For First Time Since 2008