Financial services

Stocks Open Lower on Final Trading Day of Grueling Quarter

Stocks Open Lower on Final Trading Day of Grueling Quarter

US stocks opened the last day of the second quarter lower as investors rebalanced portfolios before the end of a grueling first half and considered updated readings on consumer spending and inflation. The S&P 500 was down 1.7% shortly after the market opened, a day after the indices closed little changed. The Dow Jones Industrial …

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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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Ken Griffin Moving Citadel From Chicago to Miami Following Crime Complaints

Ken Griffin Moving Citadel From Chicago to Miami Following Crime Complaints

multimillionaire ken griffin is relocating its large hedge fund firm Citadel from Chicago to Miami, the third major employer to announce a corporate headquarters move from Illinois in the past two months. In a letter to employees on Thursday that was seen by The Wall Street Journal, Griffin said he had personally relocated to Florida …

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More Companies Start to Rescind Job Offers

More Companies Start to Rescind Job Offers

Companies in several different industries are rescinding job offers they made just months ago, in a sign that the tightest job market in decades may be showing cracks. Companies including Twitter Inc.. real estate brokerage redfin corp. and cryptocurrency exchange Coinbase Global Inc.. have rescinded deals in recent weeks. Employers in other pockets of the …

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