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Robinhood CEO details 3:30 am call to put up $3 billion

New York (CNN Business) Robinhood received a startling 3:30 am call from its clearinghouse during last week’s Reddit-inspired market chaos asking for the free-trading app to put up a staggering $3 billion, co-CEO Vlad Tenev said Monday. “This was obviously nerve-wracking,” Tenev told Tesla (TSLA) boss Elon Musk during an interview on the platform Clubhouse. […]

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Wall Street buckles on stimulus, jobless claims and coronavirus infections

[Yahoo! Finance] Wall Street was poised for a rough session Thursday, as investors considered fast-dimming prospects for fiscal stimulus before the U.S. election and a host of new virus-related restrictions in Europe. Traders continue to fixate on whether a stimulus deal of any size will transpire within the next three […]

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5 stocks for the next 10 years — some picks are obvious, others not so much

[MarketWatch, Getty Images] “You have to put all your money into 5 stocks and hold it for 10 years, what are you buying and why?” In Reddit’s “Stocks” community, an investor going by the name 7thAccountDontDelete posed that question to the group’s nearly 900,000 members over the weekend. The answers ranged from the […]

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Millennials Make Tons Of Money On Their New Favorite Stock

[Investor’s Business Daily, AP] Move over Apple. Millennials prefer another stock — and it’s not even in the S&P 500 yet. Consumer discretionary Tesla (TSLA) dethroned information technology giant Apple (AAPL) as the most popular stock held by millennials. Apple got bounced from the top spot after holding it for four-straight quarters, says a just-released quarterly analysis […]

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