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Apple became the US’s first $2 trillion company on Tuesday — almost two years to the day after it became the first company in the world to reach the $1 trillion mark. The iPhone maker reached the latest milestone when its stock crossed the $467.77 mark just before 11 a.m. Tuesday. The company has 4,275,634,000 …
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Love it or hate it, Robinhood is now worth more than $11 billion. The controversial trading app announced on Monday that it raised a new $200 million round of funding that now values the startup at $11.2 billion. Robinhood’s newest windfall, its second major round this year, comes months after the app and its more …
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The conventional Wall Street C-suite wisdom is that Joe Biden and Kamala Harris will be moving to the White House next year, and that President Trump is trailing so badly in the polls that he simply won’t be able to overcome the pandemic and the recession it has created. Funny — that’s not what another …
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Tesla shares soared in premarket trading Wednesday after Elon Musk’s electric car-maker announced a 5-for-1 stock split. The company plans to give investors five shares of stock for each share they own on Aug. 28 in an effort “to make stock ownership more accessible to employees and investors,” it said after Tuesday’s closing bell. The …
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The 1990s were simpler times. The news was dominated by Bill Clinton’s various sexual escapades, but also a bubble in internet-related stocks that was partly fueled by the democratization of stock trading. The latter inflated the stock market generally, and if you’re old enough to remember, pretty much crashed it. Newbie investors took the brunt …
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Goldman Sachs on Friday lowered its previously stated quarterly earnings as the bank set aside more money to pay for its settlement with the Malaysian government over the multi-billion-dollar 1MDB scandal. Goldman lowered its net earnings applicable to common shareholders to $197 million from $2.25 billion, in a filing published Friday. The revised earnings reflect …
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Maria Bartiromo has revealed how the Wall Street “boys club” made her life tough when she first broadcast live from the NYSE. The Fox Business vet was the first to go to Wall Street to report on TV when she was only 27 in 1995. She was among just a few women on the floor, …
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In mid-June, Bill Ackman asked Wall Street for $1 billion to hunt down a major investment. Six weeks later, the street gave him $4 billion. The 54-year-old hedge fund manager disclosed Wednesday morning that he has raised the whopping sum to launch the largest-ever special purpose acquisition company, or SPAC, a public offering meant to …
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Larry Fink wants you to put on a mask so he can stop worrying about the US economic recovery. “We need a world of compassion and that compassion [means] wearing a mask,” BlackRock’s billionaire boss told CNBC in a Friday interview. “If we all wore masks, if we all cared about our fellow citizens a …
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The market and the economy are out of sync, and that was a recipe for success at Morgan Stanley. The Wall Street giant’s chief James Gorman delivered a blowout quarter to investors on Thursday, riding an unprecedented market rally in the second quarter even as the US economy got slammed with record unemployment and business …
Apple became the US’s first $2 trillion company on Tuesday — almost two years to the day after it became the first company in the world to reach the $1 trillion mark. The iPhone maker reached the latest milestone when its stock crossed the $467.77 mark just before 11 a.m. Tuesday. The company has 4,275,634,000 …
