stock market

SEC: Richard Burr, Brother-in-Law Used ‘Nonpublic Information’ to Trade Stocks Before Market Dropped

Sen. Richard Burr (R-NC) had “material nonpublic information” revolving around the coronavirus pandemic’s impact when he directed his stockbroker to dump over $1.6 million in stocks a week before the market drastically dropped in March of last year, in addition to telling his brother-in-law who then did the very same, according to federal court filings.

WASHINGTON, DC - SEPTEMBER 30: Sen. Richard Burr (R-NC) gives an opening statement during a Senate Health, Education, Labor, and Pensions Committee hearing to discuss reopening schools during Covid-19 at Capitol Hill on September 30, 2021 in Washington, DC. (Photo by Greg Nash- Pool/Getty Images)

Chinese Property Shares Tumble Amid Fears of Evergrande ‘Contagion’

The impending collapse of China’s gigantic Evergrande Group real estate company caused a tumble at the stock market on Tuesday for other Chinese property developers. Even investors in completely unrelated markets are growing nervous about what the implosion of such a huge company could do to banks in China and around the world – and what it could mean for Beijing’s geopolitical agenda.

WUHAN, CHINA - SEPTEMBER 26: (CHINA OUT) An aerial view shows the Evergrande Changqing community on September 26, 2021 in Wuhan, Hubei Province, China. In 2015, Evergrande real estate acquired four super large projects in Haikou, Wuhan and Huizhou, with a total construction area of nearly 4 million square meters …

Robinhood Launches College Tour to Recruit Young Customers

The stock trading app Robinhood, notorious for its actions against GameStop and other “meme stock” investors, has kicked off a nationwide effort to convince students to trade stocks using its app, including a $20,000 giveaway offering to young people.

Robinhood CEO Vladimir Tenev

Zoom Shares Drop 16% as Growth Slows

The video conferencing company Zoom, which enjoyed massive growth during the coronavirus pandemic, has suffered a 16 percent slide in share price today after the company reported second-quarter earnings that beat expectations but showed slow growth.

Zoom stock market

Robinhood Pays $70M Fine for Misleading Customers

The popular stock and cryptocurrency trading platform Robinhood has reportedly paid a $70 million settlement to the Financial Industry Regulatory Authority (FINRA) on Wednesday after being accused of misleading customers.

Robinhood CEO Vladimir Tenev

Robinhood Moves Toward IPO Despite GameStop Controversy

Stock trading app Robinhood has chosen Nasdaq as the exchange for its IPO this year, despite being embroiled in controversy over its treatment of its customers during the Gamestop trading frenzy and previous problems including trading outages.

Robinhood CEO Vladimir Tenev

AOC Refuses to Work with Cruz amid Robinhood, GameStop Fiasco: ‘You Almost Had Me Murdered’

Both Rep. Alexandria Ocasio-Cortez (D-NY) and Sen. Ted Cruz (R-TX) are among lawmakers seemingly calling for congressional action after Robinhood restricted trading for GameStop following a surge spurred by a populist investing movement, but the New York lawmaker rejected Cruz after he agreed with her on social media, telling the senator to “sit this one out” because, she claimed, he almost had her “murdered” three weeks ago — a reference to the January 6 Capitol riot.

Rep. Alexandria Ocasio-Cortez, D-NY., speaks at a campaign rally for Democratic presidential candidate Sen. Bernie Sanders, I-Vt., at the University of Michigan in Ann Arbor, Mich., Sunday, March 8, 2020. (AP Photo/Paul Sancya)

Bokhari: Redditors Remind America that Wall Street Is Rigged

Populist movements against ruling elites have been the big political story of the past five years. But at the very moment when elites appear to be winning political battles again, a new threat to their power emerges — this time aimed at Wall Street rather than Washington.

NEW YORK, NEW YORK - DECEMBER 19: Traders work on the floor of the New York Stock Exchange (NYSE) as the Federal Reserve Board Chairman Jerome Powell holds a news conference on December 19, 2018 in New York City. U.S. stocks fell on Wednesday after the Federal Reserve raised interest …

Airbnb Worth More than Marriott, Hilton, and Hyatt Combined

Shares of the short-term rental company Airbnb have skyrocketed by 120 percent in its first day of trading, launching the company’s market cap to more than five times its last private market valuation. The massive IPO has resulted in Airbnb being worth more than the combined values of Marriott International, Hilton Worldwide, and Hyatt Hotels, the three largest hotel chains.

Airbnb has been targeted by several cities exasperated by what is seen as a bid at times to avoid local laws and taxes