financial market news

Stocks Finish Lower After Weak Consumer-Confidence Reading

Stocks Finish Lower After Weak Consumer-Confidence Reading

US stocks slumped on Tuesday, giving up early gains and falling for the second day in a row as investors scrutinized new economic data for clues about the pace of monetary policy tightening. In recent sessions, major indices have been highly sensitive to news and data as investors assess the durability of the markets’ rebound …

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G-7 Nears Agreement on Exploring New Sanction Capping Russian Oil Price

G-7 Nears Agreement on Exploring New Sanction Capping Russian Oil Price

The Group of Seven club of wealthy democracies is inching toward a deal to expand its sanctions against Russia by seeking a mechanism to cap the purchase price of Russian oil, officials said, but details are still being worked out. The move, which is being discussed at the three-day G-7 summit in the Bavarian Alps …

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Employees Scrambled to Keep Robinhood Afloat in January 2021 Meme-Stock Frenzy, House Report Finds

Employees Scrambled to Keep Robinhood Afloat in January 2021 Meme-Stock Frenzy, House Report Finds

Robinhood Markets struggled to handle large stock trading volumes and fell out with its biggest client, market-maker Citadel Securities, during the week of January 2021 when meme stocks exploded, according to a report by the Democratic staff of the House Financial Services Committee. Camera. The committee held hearings in February 2021, questioning the CEOs of …

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