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(Reuters) - Top executives from hedge funds and the Robinhood trading platform will appear before a U.S. House panel on Thursday to explain how a flood of retail trading drove shares of GameStop and other stocks to extreme highs, squeezing short sellers who had bet against them.
Robinhood CEP Vlad Tenev is facing trouble on both ends, facing death threats and threats to his business.
Doing "boring business" is paying off for several Japanese startups, pushing their founders in the league of the ultra-wealthy.
(Reuters) - Lyft Inc said on Tuesday it could make an adjusted profit by the third quarter of this year despite the pandemic thanks to additional cost cuts and an expected rebound in ride-hail demand beginning in the second quarter of 2021.
Amazon.com Inc’s announcement last week that it would be rolling out AI-powered cameras in its branded delivery vans for safety has drawn criticism from privacy advocates and workers concerned with being subjected to surveillance on the job.
(Reuters) - Online brokerage app Robinhood said on Thursday it has removed temporary trading restrictions on all stocks, including GameStop Corp and AMC Entertainment Holdings Inc, according to an update on its website.
WASHINGTON (Reuters) - With hedge funds at the center of market drama for the second time in less than 12 months, the GameStop saga is likely to expedite a regulatory review of the ever-larger role non-bank firms play in the financial markets, regulatory experts said.
China pledged to deepen antitrust enforcement across emergent sectors including on-demand Internet services, broadening a campaign to rein in the growing power of private firms.
Robinhood says it temporarily curbed buying of some securities as deposit requirement increased ten-fold
(Reuters) - Online broker Robinhood, one of the hottest venues in this week's retail-trading frenzy, said it put temporary buying restrictions on a small number of securities as clearing house-mandated deposit requirements for equities increased ten-fold.
(Reuters) - Microsoft Corp on Tuesday reported its Azure cloud computing services grew 50%, the second quarter of acceleration in a business that had begun to slow as the global pandemic benefited the software maker's investment on working and learning from home.