News

Robinhood CEO downplays OpenAI concerns on tokenized stock structure

Robinhood CEO Vlad Tenev says it's not "entirely relevant" that the platform's OpenAI and SpaceX stock tokens aren't technically equity in the companies.

BlackRock keeps its foot on the private-markets pedal with another acquisition

The Wall Street firm agreed Monday to buy ElmTree Funds, a real estate investment firm that manages roughly $7.3 billion in assets.

Robinhood stock tokens face scrutiny in the European Union after OpenAI warning

The Bank of Lithuania said it has contacted Robinhood and is "awaiting clarifications" regarding the structure of its OpenAI and SpaceX stock tokens.

Slam dunk? Fundstrat’s Tom Lee considers two new themes for his Granny Shots ETF

Long-time market bull Tom Lee explains which groups may make the cut next.

Trump ‘big beautiful’ bill gives top 1% biggest tax cuts in these states

The highest earners in Wyoming, South Dakota and Texas stand to get a tax cut of more than $100,000, according to the Institute on Taxation and Economic Policy.

Why Trump tax deductions — for tips, car loans and more — may not carry large benefits for low earners

Republicans are trying to create tax deductions for tips, car loan interest and overtime pay. Experts say they wouldn't benefit low earners much.

2 of our banks just boosted their dividends. Here's how their increases stack up versus our other names

Goldman Sachs and Wells Fargo announced dividend increases late Tuesday.

Santander doubles down on UK presence amid Spain's banking M&A turmoil

Santander is bolstering its British foothold with the proposed acquisition of TSB, despite the recent underperformance of its own U.K. branch.

Xpeng defies China’s EV price war with steady sales as Tesla and local rivals try to keep pace

Chinese electric car startup Xpeng is keeping up sales momentum against its rivals amid a fierce price war in China.

Billionaire Ken Griffin's hedge funds at Citadel are all in the green for 2025

Citadel's multistrategy Wellington fund, its largest, gained 2.5% during the first half of the year.

Cliff Asness’ AQR sees multiple hedge funds up double digits in 2025, beating the market

The Apex strategy from Cliff Asness' firm combines stocks, macro and arbitrage trades.

Powell confirms that the Fed would have cut by now were it not for tariffs

The U.S. central bank would likely have begun cutting interest rates again if not for the levy plan, the Fed chief said.
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