Robinhood CEO testimony: 'Any allegation' company 'helped' hedge funds 'is absolutely false'
Robinhood CEO Vladimir Tenev said in prepared testimony that "any allegation" that his trading app sought to help hedge funds by limiting trades on certain volatile stocks last month "is absolutely false."
ETFs with less transparency face slow rollout
Asset managers are rushing to launch a new breed of stock-picking exchange-traded fund, only to find that some of the biggest brokerages in the U.S. aren't yet willing to pitch them to clients.
ETFs vs mutual funds: What's the better investment for you?
The truth is that ETFs and mutual funds have a lot in common. There are several key differences, however, that could make one a better option for you than the other.
Sen. Warren slams Robinhood ahead of GameStop hearing
Robinhood’s CEO, Ken Griffin of Citadel and RoaringKitty are among the witnesses set for Thursday’s Game Stop hearing.
Tribune Publishing to be bought by hedge fund Alden Global Capital
A New York hedge fund that is the largest shareholder in Tribune Publishing Co. has reached a deal to acquire the rest of the newspaper company which owns some of the biggest papers in the country, including the Chicago Tribune and New York Daily News.
Warren Buffett, Berkshire Hathaway up stake in this healthcare company
According to a regulatory filing, Berkshire Hathaway also now holds 147.6 million shares of Verizon, and an additional 48.4 million shares of Chevron and 23.07 million shares of E.W. Scripps. The company also trimmed its stake in its largest stock holding, Apple, by 5.4%
Bitcoin reaches new record as celebrities, companies weigh in
Bitcoin (BTC) reached a new record value of $50,000 on Tuesday before falling back below $49,000.
Taylor Swift, Billie Eilish and The Beatles help spur Vivendi shares as Universal Music Group eyes spinoff
Vivendi SE shares rose sharply Monday after the European media giant said Saturday that it plans to distribute 60% of its subsidiary Universal Music Group’s capital to shareholders and to spin off its profitable music label by year’s end.
California man, 90, spends $10G on ads to complain about AT&T's shoddy internet service
A 90-year-old California man grabbed national attention last week after placing two ads in The Wall Street Journal calling out AT&T for providing shoddy internet service.
Roaring Kitty to testify on GameStop alongside hedge fund managers
The virtual hearing will take place Thursday Feb. 18
Bitcoin by the beach: Miami eyes paying workers and collecting taxes in cryptocurrency
Miami Mayor Francis Suarez praised the city's governing commission for passing a resolution Thursday that will study the feasibility of paying employees in bitcoin, as well as allowing residents to pay fees and taxes in bitcoin.
General Motors settles with California for $5.75M in a win for state pension fund
General Motors Co. has agreed to a $5.75 million settlement with California regarding false statements the company made to investors about problems with its deadly ignition switches, state officials announced Friday.
Bitcoin hovers near record as Mastercard, BNY Mellon eye Tesla move
Bitcoin reached a new record-high value this week as major tech and financial companies eye virtual currencies.
Yellen warns 'misuse' of cryptocurrencies in terrorism a 'growing problem'
Treasury Secretary Janet Yellen warned about an "explosion of risk" from digital markets, including the misuse of cryptocurrencies that can be used to launder to profits of online drug traffickers and to finance terrorism.
Cryptocurrencies now 'priceless' with Mastercard
Mastercard Inc. on Wednesday said it is preparing to support cryptocurrencies directly on its network this year, as the company follows the rise of digital assets.
Hedge fund honcho Dan Loeb of Third Point talks short selling madness
Loeb said his firm was able to "sidestep substantial losses" by sticking with "higher net and low gross exposure" and by cutting its losses after "a few previous painful experiences of our own taking positions against companies with large short interests."
SEC flexes muscle as Reddit trading frenzy continues
As GameStop and other heavily shorted stocks remain in play, financial regulators are under pressure to address whether any wrong doing is taking place.
Half of GameStop stock buyers were first-time traders: survey
Cardify CEO Derrick Fung breaks down the makeup of the rising retail investor crowd.
GameStop frenzy aids Reddit as platform soars to $6 billion valuation
Reddit Inc.'s role in the recent stock-trading frenzy has brought millions of new users to the social media platform, its chief executive says, as well as scrutiny to the power of large communities online.
After GameStop stock frenzy, 'very little' government can do to regulate trading: Former SEC chairman
Former SEC Chairman Harvey Pitt on whether the GameStop stock saga will lead to market regulations.