stock market - Page 2

U.S. Household Net Worth Hits Highest Level Ever

The roller coaster of the pandemic economy saw the net worth of U.S. households soar to its highest level ever in the second quarter. That followed the largest-ever drop in the previous quarter due to the economic disruption of the

US President Donald Trump arrives to address supporters during a campaign rally at Manchester - Boston Regional Airport in Londonderry, New Hampshire, August 28, 2020. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)

Hong Kong Economy, One of the Few to Survive Pandemic, Collapses over Chinese Takeover

The Hong Kong stock market was rocked by a massive sell-off on Friday after the Chinese Communist government in Beijing declared its intention to bypass the Hong Kong legislature and impose a draconian security law to shut down the protest movement. That single act effectively ended the island’s limited autonomy in the eyes of many residents and concerned international observers.

hong kong ferry

WSJ: Jeff Bezos Sold $3.4 Billion in Amazon Stock as Coronavirus Hit USA

A recent analysis by the Wall Street Journal shows that top executives in the United States sold a total of roughly $9.2 billion worth of stock between the start of February and the end of last week, saving the executives a potential loss of $1.9 billion. Jeff Bezos sold three percent of his Amazon holdings, worth $3.4 billion, at the beginning of February.

Amazon founder Jeff Bezos during the JFK Space Summit at the John F. Kennedy Presidential Library in Boston, Wednesday, June 19, 2019. (AP Photo/Charles Krupa)

Robinhood Blames ‘Thundering Herd’ Effect for Stock Trading Outages

The Robinhood trading app crashed this week during a major U.S. trading day, preventing customers from making trades as stocks surged, an outage that lasted into Tuesday. Robinhood is blaming “stress on our infrastructure” and the “‘thundering herd’ effect” for the problems, which it vows to fix. The platform’s customers were not impressed.

The Associated Press

Robinhood App Crashes, Stock Trading Fails over Multiple Days

Popular online brokerage platform Robinhood suffered an outage lasting an entire trading day which prevented customers from making trades as stocks surged Monday. The outage has continued into Tuesday’s trading hours with Robinhood not providing timing for its service to be reinstated.

Robinhood CEO Baiju Bhatt

Tesla Misses Big on First Quarter Earnings

Elon Musk’s electric car company Tesla failed to meet expectations on first-quarter earnings as the demand for Tesla vehicles appeared to sharply drop. The company lost more than $700 million in the first three months of 2019.

Tesla CEO Elon Musk unveils the new Tesla factory in Fremont, Calif., Wednesday, Oct. 27, 2010. The new Tesla factory is the former NUMMI plant. (AP Photo/Paul Sakuma)