Articles

What is a ‘Wells Notice’ and why did Robinhood just receive one?

The popular stock-trading app received bad news from the SEC just days before it’s scheduled to report quarterly earnings.

‘I want to die “young” as late as possible,’ says 83-year-old triathlete doctor and professor who reinvented himself after a midlife crisis

Joseph Maroon says he’s too busy to slow down.

What would life behind bars be like for Trump? A judge raises the possibility of jail time.

Experts say the judge still has options short of sending Trump to jail for contempt.

Fed’s Barkin thinks the U.S. economy will slow further, cooling down inflation

Recent data whiplash only confirms the wisdom of being slow to move interest rates, the Richmond Fed president says.

Biden to tout Microsoft expansion at site where Trump-backed Foxconn plant flopped: report

President Joe Biden’s visit to Wisconsin on Wednesday will feature the Democratic incumbent highlighting a Microsoft expansion plan on land meant for Foxconn during the Trump era, according to a Milwaukee newspaper’s report.

College commencement season in America disrupted as Columbia cancels main ceremony

Some colleges have canceled their school-wide ceremonies, while other schools are planning for disruption.

Trump’s Truth Social dismisses accounting firm after SEC accused it of ‘massive fraud’

BF Borgers agreed to pay a $14 million fine after admitting it had falsely claimed filings for hundreds of companies met accounting standards.

History shows quiet weeks for economic data are often the best weeks for stocks. Here’s what to watch.

U.S. stocks were rising on Monday, kicking off what promises to be a relatively quiet week for economic data. History says weeks with a quiet macroeconomic calendar have seen better-than-average returns for the stock market, according to BofA Global Research.

GameStop’s stock slides 12% after skyrocketing last week

The videogame retailer and original meme stock ended Friday’s session up 29.1%.

Citi sees ‘coiled spring’ for bank stocks, with Hancock Whitney in the spotlight

Citi analyst Ben Gerlinger sees bank stock as “attractive” for significant gains over the summer.

Americans expect mortgage rates to rise to nearly 10% in the next three years, New York Fed housing survey finds

U.S. consumers expect mortgage rates to rise to near double digits over the next three years, according to a new survey by the New York Federal Reserve.

Robinhood’s stock dives after receipt of SEC ‘Wells Notice’ disclosed

The company said the “Wells Notice” states that the SEC Staff decided to recommend the SEC file “an enforcement action” against Robinhood, alleging securities violations.
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