Fintech

New On The Block Following a review of strategic alternatives initiated earlier this year, Domo, Inc. (NASDAQ:DOMO) said its board has determined that pursuing a strategic transaction is the most effective path to maximize shareholder value. • Domo stock is showing exceptional strength. What...

SoFi Technologies, Inc. (NASDAQ:SOFI) CEO Anthony Noto has been on a buying spree — and he’s not done yet. SOFI stock is moving. See the chart and price action here.  Insider Buys Noto picked up another 13,888 shares on June 16 at a weighted average price of $18.06, according to a Form...

Robinhood (NASDAQ:HOOD) saw “record-breaking” traffic Friday after SpaceX (NASDAQ:SPCX) shares began trading on Nasdaq. In an X post, the financial technology company said “some customers experienced latency and intermittent issues” before the platform quickly recovered....

The U.S. Justice Department has reportedly sent subpoenas to several of the country’s largest banks, including JPMorgan Chase (NYSE:JPM) and Bank of America (NYSE:BAC), over allegations of politically motivated account closures. Other banks under investigation include...

Robinhood Markets Inc. (NASDAQ:HOOD) is pushing deeper into Wall Street’s IPO business after CEO Vlad Tenev said Tuesday that Robinhood Securities has received approval to serve as an underwriter. The approval moves Robinhood beyond distributing IPO shares to retail investors and positions...

Robinhood Markets, Inc. (NASDAQ:HOOD) continued its growth streak in May, releasing monthly activity data that shows a platform firing on nearly all cylinders. HOOD stock is moving. See the chart and price action here. Robinhood’s May Operational Data Total Platform Assets hit $377...

Economist Peter Schiff lashed out on Sunday at JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon‘s push to treat cryptocurrency firms offering interest-bearing products as traditional banks. Schiff Contrasts Banks With Stablecoin Issuers Schiff dismissed Dimon’s position as...

The multi-decade Pattern Day Trader (PDT) rule officially ended on Thursday, June 4, triggering the most significant change to retail trading access in a generation and liberating millions of small-account investors. The Demise Of Wealth Barrier The U.S. Securities and Exchange Commission approved...

New York-based fintech startup Ramp has closed its $750 million Series F funding round, putting the company's valuation at $44 billion. The new capital will be used to further expand its AI-focused product development for customers. The round was led by ICONIQ, GIC and Ontario Teachers' Pension...

Thursday marks the first day that the Pattern Day Trader rule no longer applies to accounts under $25,000 — the most significant change to retail trading access in a generation, and a potential windfall for three publicly traded brokerages. HOOD stock is climbing. See the chart and price action...

JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon will reportedly pitch SpaceX‘s upcoming initial public offering to thousands of the bank’s wealthy clients at a special event in New York on Thursday. Dimon will be joined by JPMorgan executives Mary Erdoes and Marianne Lake, while SpaceX Chief...

Israeli networking software company DriveNets announced Monday it has raised $410 million in a funding round that included new investor Advanced Micro Devices Inc. (NASDAQ:AMD), as its focus broadens from artificial intelligence (AI) chips to the networking infrastructure powering large-scale...

Dell ripped roughly 30% on $16.1B in quarterly AI server sales. Eight of eleven sectors still finished May in the red. Inside: oil cracks on a 60-day Iran ceasefire, and Anthropic lines up a $900B raise. Markets just wrapped a strong and strange month. Here is what actually moved, what it means,...