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Saturday, September 26, 2020
The pioneer of commission-free investing, Robinhood, has announced that its latest funding round has reached $200 million. The generous investment has increased Robinhood’s valuation from $8.6 billion to $11.2 billion. It also marked the third cash infusion into the brokerage and investment firm in four months.
Tesla is the latest company to announce a stock split. This past week, the electric car maker announced that its Board of Directors had approved a five-for-one stock split of its common stock. The news sent shares soaring after the announcement, and the momentum has kept going...
On Thursday, Apple announced that its Board of Directors had approved a four-for-one stock split. Stock splits cater to smaller investors by making the shares more affordable and accessible. For instance, Apple is currently trading at $425.04, and with a stock split, investors would...
Online investing platform E-trade said it’s second-quarter trading hit a record level. The electronic brokerage company said it had 1.01 million active daily trades during its second quarter, a 267 percent increase from last year’s tally during the same quarter. E-trade added 329,000 new...
Warren Buffett’s Berkshire Hathaway stake in Apple is up by $40 billion since it bottomed out in March. Apple shares comprise 40 percent of Berkshire’s equity portfolio. The “Oracle of Omaha’s” investment in the mega-tech company has helped Berkshire plow through the negative impacts...
During Monday morning trading, Tesla briefly became the 10th largest stock in the U.S. according to its market value. At its peak, Tesla stock was worth $321 billion during Monday’s rally. But the momentum didn’t last, and Tesla shares ended up 3.08 percent lower, with its market...
Stocks surged ahead on Monday with the tech industry leading with robust gains. Last week’s positive performance likely fueled the momentum into this week’s market activity. This, despite rising COVID-19 cases in many states sparking fears of another shutdown. By late Monday, The Dow...
On the final day of the second quarter, stocks sharply rose to end the best quarter seen since 1987. The Dow Jones Industrial Average ended 217.08 points higher at 25,812.88. This marked a 0.9 percent increase. Meanwhile, the S&P 500 ended the day at...
On Thursday, the Dow Jones Industrial Average plunged more than 1,800 points, its largest one-day loss in three months. The decline was attributed to growing concerns over rising coronavirus cases in many states since reopening from lockdowns. The Dow fell by 1,861.82 points to 25,128.17, a 6.9...
On Friday, the stock market rallied as the U.S. experienced a surge in jobs and offered a glimpse of hope that the American economy may be starting to recover from the COVID-19 pandemic. The economy added 2.5 million jobs in May, a record-gain. Meanwhile, according to the...