Sopa Images | Lightrocket | Getty Images Galaxy Digital shares jumped 7% Monday after the digital assets investment firm led by CEO Mike Novogratz unveiled a Robinhood-like trading platform, called GalaxyOne. The platform, which launched Monday, hosts commission-free buying and selling of more than 2,000 stocks and exchange-traded funds, in addition to trading of cryptocurrencies…
A graph displaying the Apple stock price on a smartphone app. Jaap Arriens | Nurphoto | Getty Images Regulators are moving to dismantle one of the most controversial barriers for active retail traders — the $25,000 minimum equity rule for pattern day trading. The Financial Industry Regulatory Authority on Tuesday approved amendments that would replace…
Check out the companies making headlines before the bell. Robinhood , AppLovin — The stock trading app and advertising technology company both surged 8% after S & P Global said the two will join the S & P 500 index , effective before trading opens Sept. 22. Passive index funds must buy shares of companies…
These are some of the stocks making the biggest moves during midday trading: Viking Therapeutics — Shares tumbled 42% after phase 2 trial results showed Viking’s experimental oral obesity drug had more side effects than expected. About 20% of the patients in the trial quit using the drug due to symptoms such as nausea and…
Yieldstreet customer Justin Klish, who said he faces $400,000 in losses from investing on the platform. Courtesy: Justin Klish When Justin Klish stumbled upon an ad for Yieldstreet in February 2022, he said, it was the company’s tagline that stuck in his head. “Invest like the 1%,” the startup said. The ad spoke to his…
Check out the companies making the biggest moves midday: E.l.f. Beauty — Morgan Stanley upgraded the beauty brand to overweight from equal weight, prompting the stock to pop more than 9%. The bank said the consensus earnings estimate for E.l.f. is “way too low,” seeing catalysts from product pricing and the acquisition contribution of Rhode….
Check out the companies making headlines after the bell : Qualcomm — The semiconductor company fell 5% despite posting a fiscal third-quarter beat on both the top and bottom lines. Qualcomm posted adjusted earnings of $2.77 per share on revenue of $10.37 billion. Analysts polled by LSEG had expected earnings of $2.71 per share and…
Tom Lee, managing partner and the head of research at Fundstrat Global Advisors, speaks on CNBC’s “The Exchange” on Oct. 31, 2023. Adam Jeffery | CNBC An ETF driven by Tom Lee, an unabashed bull on Wall Street with a big online fandom, just hit another milestone. His first exchange-traded fund Fundstrat Granny Shots US Large…
Stock analysts are getting excited about the potential boost to Asian crypto trading after Hong Kong’s stablecoin bill takes effect on Friday. Stablecoins are virtual assets that reference government-issued, or fiat, currencies. Hong Kong’s bill formalizes the process for financial companies to issue and manage the virtual assets, similar to the U.S. GENIUS Act ….
Check out the companies making headlines before the bell: Netflix — Shares fell 2% after Netflix warned that operating margin in the second half of 2025 will be lower than the first half because of higher content amortization, as well as sales and marketing costs, because of a larger slate of content. Otherwise, the streaming…
