Robinhood says it is in 'strong position' to face unlikely market events

Robinhood said in Tuesday's blog post that its net capital position was $2.7 billion, more than 25 times what is currently required by the U.S. Securities and Exchange Commission.Those restrictions had infuriated clients trying to buy and sell the "meme" stocks.

Early this year, Robinhood asked a federal judge in Miami to dismiss a lawsuit alleging it engaged in fraud and market manipulation when it restricted trading in the stocks. Robinhood last year also said it had increased the size of its customer support team and introduced 24-hour customer phone support, seven days a week.

Analysts on average expect Robinhood to report a $355 million loss when it posts its December-quarter results on Thursday after the bell. Following a slowdown in stock market trading by retail investors, shares of Robinhood, which went public last July, have fallen by about 66% from its IPO price.Reporting by Amruta Khandekar; Additional reporting by Noel Randewich in Oakland, California; Editing by Leslie AdlerSubscribe to our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.

Thanks for restoring my happiness in my darkest days, during those period I invested $500 and to my greatest surprise I got a return of $9,200 in just 5 days her reliability can't be equated William_Usr

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Technical Analysis: Meme Coins, Avalanche Move Higher on Tuesday – Market Updates Bitcoin NewsMeme coins were higher on Tuesday, as the crypto marketplace rebounded from recent declines in price. Both DOGE and SHIB were trading close to 7% higher. I use this app to track my assets Dexfolio App! It's the best so far u can give it a try With AltbaseApp Users can get all vital information concerning Crypto coins and keep track of all their assets Available on Android and iOS BSC Altcoins BuyAltcoins AltbaseApp BabyDogeArmy BabyDogeCoin· BabyDoge babydogecommunity BabyDogeCoin BabyDogeCoin2MillionHolders Coming soon to the moon 🚀🚀🚀🚀
La source: BTCTN - 🏆 531. / 51 Lire la suite »

Bitcoin Rebounds 10% From Yesterday's Bottom, Crypto Markets Gain $120B (Market Watch)The cryptocurrency market managed to recover about $120 billion since yesterday's bloodbath. Bitcoin is trading around $36K while many altcoins bounce.
La source: Crypto_Potato - 🏆 568. / 51 Lire la suite »

GSR Markets President: 'Crypto Still in a Bull Market'Bitcoin, ether and the broader crypto market faced another wave of selling Monday. Is crypto firmly in bear territory? GSR Markets Co-founder and President Rich Rosenblum discusses his reading of the digital asset space, explaining why 'we're still in a bull market for crypto.' Plus, tips for managing volatility and new investment opportunities to watch. GSR_io Rich_GSR The ratio of scam artist spammers in your replies is pathetic. It’s been a nice follow but yeah it’s not you, it’s me. We’re done here.
La source: CoinDesk - 🏆 291. / 63 Lire la suite »

The Stock Market Slide Is Unlikely to Budge the Fed From TighteningBoth Goldman Sachs and Bank of America have said in recent days that they see the Fed continuing to tighten to address inflation pressures.
La source: NBCDFW - 🏆 288. / 63 Lire la suite »

Strong recovery for India's smartphone market in 2021 with a record 162 million shipmentsChinese smartphone makers dominated the top five spots in 2021, with Xiaomi leading the way and South Korean phonemaker Samsung taking second place.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Anonymous Bitcoin Whale Adds 488 BTC During Market Dip, Balance Total at 124,487 CoinsThis anonymous wallet added another 488 BTC to his address while the market bleeds ok Must watch Cryptocurrency investors 👇👇 shib cryptocurrency, shibainu, shibainucoin,
La source: Utoday_en - 🏆 295. / 63 Lire la suite »