Robinhood CEO's credentials investigated by regulators

New York (CNN Business)Robinhood’s initial public offering is arguably the most eagerly awaited of the year. But according to commentary on Reddit, it’s one of the least popular for some traders. There appear to be a lot of angry individual investors — the so-called apes of Reddit — who want nothing to do with the company or the stock. Some […]

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5 things to know before the stock market opens Thursday

Here are the most important news, trends and analysis that investors need to start their trading day: Dow futures rise after Fed keeps rates near zero Latest on GDP, jobless claims set before the bell Robinhood to make its public debut after pricing IPO Facebook warns about growth, sets vaccine mandate Disney, Apple bring Covid mask requirements back 1. Dow […]

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Ford cruises by chip shortage, boosts outlook

Ford exec says electric F-150 pickup will ‘hook you for life’ FOX Business’ Grady Trimble speaks with Ford exec Darren Palmer on electric car models at the Chicago Auto Show. Ford Motor Co. revved up surprise second-quarter profits this year – powered by climbing pickup and SUV prices even as a global computer chip shortage forced it to pump the […]

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Chinese yuan and Hong Kong dollar sell off as regulatory fears spread

Regulatory fears are spreading to these other Chinese assets, after Beijing stepped up restrictions on its education sector late last week, and continued its crackdown on its internet companies. The offshore yuan, which trades outside mainland China, weakened by nearly 1% compared to last Friday. Vishnu Varathan, head of economics and strategy at Mizuho Bank, warned that further weakening of […]

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Forum’s $500,000 car crash footage emerges as wealthy investors dodge bullet

Dramatic footage has emerged of Bill Papas’s business partner at Forum Finance crashing a $500,000 race car as it emerges high net worth investors unknowingly funded the alleged fraudsters’ purchase of a $50 million property portfolio using Westpac’s money. Sydney-based financial services company AltX, which specialises in arranging debt investments for high net worth investors, distanced itself from Mr Papas […]

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Pelosi and Schumer must stop Wall Street from funding the Chinese Communist Party and its campaign of evil

Investment banks, Fortune 500 CEOs are China’s ‘best friends’: Wolfpack Research CIO Wolfpack Research founder and CIO Dan David suggests U.S.-based banks also serve worldwide interests, including China’s. House Speaker Nancy Pelosi, D-Calif. and Senate Majority Leader Chuck Schumer, D-N.Y. say they want to send what's being called a big China bill to President Joe Biden. That's Washington-speak for major […]

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Gold Futures Settle Slightly Higher

Gold futures settled slightly higher on Tuesday, supported by a weak dollar ahead of the Federal Reserve’s policy announcement, due on Wednesday. Weakness in stock markets following a regulatory crackdown by China on U.S.-listed technology firms contributed as well to the yellow metal’s uptick. The dollar index dropped to 92.32, losing nearly 0.4% from Monday’s close. Gold futures for August […]

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Stock futures are flat ahead of Big Tech earnings

Stock futures were flat in overnight trading Monday ahead of quarterly earnings reports from several mega-cap technology companies. Futures on the Dow Jones Industrial Average added 6 points, or 0.02%. S&P 500 futures and Nasdaq 100 futures traded near the flatline. Shares of Tesla rose after hours Monday following a better-than-expected second-quarter earnings report. The electric vehicle maker passed $1 […]

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Lucid Motors stock pops in debut, CEO’s goal is affordable electric vehicles

Lucid Motors aims to ‘transition mankind’ towards sustainability, says CEO Lucid Motors CEO and CTO Peter Rawlinson discusses the company’s challenge to Tesla and other electric vehicle vendors. Lucid Motors, the newest publicly traded electric vehicle company, lapped up gains on its first day of trading.  Now officially named Lucid Group, following its completed reverse merger with Churchill Capital Corp. […]

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