Baiju Bhatt and Vlad Tenev attend Robinhood Markets IPO Listing Day on July 29, 2021 in New York City. Cindy Ord | Getty Images Robinhood’s chief legal officer, who used to work at the SEC, said the back-end payment brokerages receive for directing clients’ trades to market makers is ultimately a benefit to retail investors.
Here are the most important news, trends and analysis that investors need to start their trading day: Dow set to snap back after five sessions of losses House Democrats reportedly ready to propose tax hikes Pfizer’s Covid vaccine appears on track for younger kids Chinese regulators reportedly targets Ant Group’s Alipay Disney plans to release
The word “taxes” is seen engraved at the headquarters of the Internal Revenue Service (IRS) in Washington, D.C., U.S., May 10, 2021. Andrew Kelly | Reuters Top earners in New York City could face a combined city, state and federal income tax rate of 61.2%, according to plans being proposed by Democrats in the House
An illustration showing the cryptocurrency bitcoin with a price chart in the background. STR | NurPhoto via Getty Images The banking and investing app MoneyLion is adding crypto trading to its all-in-one financial services app. The eight-year-old fintech company, which plans to go public later this month on the New York Stock Exchange under the
UpperCut Images | UpperCut Images | Getty Images Student athletes and their parents have likely heard that the NCAA has opened the door to allow collegiate athletes the ability to profit off their name, image and likeness. The NCAA policy, which took effect in July 1, will allow college athletes and recruits to make money
Families with school-aged children shouldn’t bank on spending time this summer in the countries opening to vaccinated travelers. Jordan Siemens | Stone | Getty Images House Democrats have unveiled a proposal to continue the expanded child tax credit through 2025. While one advocacy group, MomsRising, is “thrilled” with that development, executive director Kristin Rowe-Finkbeiner said
A breeder feeds piglets at a pig farm on May 13, 2020, in Bijie, Guizhou Province of China. Visual China Group | Getty Images BEIJING — Massive swings in pork prices in the last two years are roiling China’s hog farm industry. To capitalize on a doubling in prices in 2019, the five largest pork
U.S. companies succeed and maintain their success by engaging in research & development (R&D) that results in innovative products and services reaching customers around the world. But U.S. policies that create tax or regulatory penalties, such as the drug pricing and excise tax proposal lawmakers are considering in the reconciliation package, can curtail R&D spending
A look at NASDAQ listed biotech company, 10x Genomics.
People queue to undergo nucleic acid testing for the Covid-19 coronavirus in the city of Ruili which borders Myanmar, in China’s southwestern Yunnan province on July 5, 2021. STR | AFP | Getty Images China’s zero-Covid approach could worsen the debt situation of the country’s companies, some of which are already in financial distress, says
U.S. stock index futures were modestly higher during overnight trading on Sunday as the S&P 500 comes off its longest daily losing streak since February. Fears over slowing economic growth and rising inflation have weighed on the market. Futures contracts tied to Dow Jones Industrial Average gained 51 points. S&P 500 futures advanced 0.18%, while
In this article .SPX .DJI The Dow Jones Industrial Average and S&P 500 Index just suffered five straight days of losses and their worst weekly performance since — wait for it — June. Investors went into the summer easing up a little bit on stocks and have exited the summer with a similar bout of