Huileng Tan
13 May 2022, 09:39

Robinhood shares surged over 30% after crypto billionaire Sam Bankman-Fried disclosed a 7.6% stake in the trading platform

Robinhood shares surged over 30% after crypto billionaire Sam Bankman-Fried disclosed a 7.6% stake in the trading platform

Robinhood shares surged over 30% after crypto billionaire Sam Bankman-Fried disclosed a 7.6% stake in the trading platform

Sam Bankman-Fried acquired about 56.3 million shares in Robinhood Markets through his firm, Emergent Fidelity Technologies, according to an SEC filing.

Twitter loses 2 executives as it freezes most hiring ahead of Elon Musk's takeover
Gabrielle Bienasz
13 May 2022, 05:44

Twitter loses 2 executives as it freezes most hiring ahead of Elon Musk's takeover

Amid Elon Musk's pending Twitter takeover, Twitter is pausing hiring for noncritical roles, and two top executives are leaving.

US stocks trade mixed as investors digest latest inflation data
Phil Rosen
13 May 2022, 02:47

US stocks trade mixed as investors digest latest inflation data

"If long-term interest rates continue to stabilize, we believe the stock market will find a bottom in the 3,800-4,000 range," said a portfolio manager.