Robinhood CEO and co-founder Vlad Tenev on Thursday defended retail clients that invest in so-called meme stocks, saying the phenomenon is real and gives embattled companies access to capital they otherwise wouldn’t have. “I think it’s a real thing. There’s customers that love these companies, they want them to thrive,” Tenev told CNBC’s Andrew Ross
Varda co-founders Delian Asparouhov, left, and Will Bruey. Varda Space Industries Varda Space Industries, a start-up founded less than a year ago by a pair with experience at Elon Musk’s SpaceX and Peter Thiel’s Founders Fund, has now raised more than $50 million as it works toward its first mission in the first quarter of
In this article HOOD Getty Images In one of the most anticipated initial public offerings this year, Robinhood shares will start trading on Thursday. However, the buzz around the online trading platform’s debut as a public company doesn’t mean investors should forego expert advice: Proceed with caution when it comes to IPOs. “There’s the potential
This is the beginning of a map series in which we’ll explore different types of excise taxes throughout Europe, starting with excise duties on beer. According to EU law, every EU country is required to levy an excise duty on beer of at least €1.87 per 100 liters (26.4 gal) and degree of alcohol content, translating
In this article VNO The inside floor of a Wegmans grocery store. Photo by Aditi Shrikant Wegmans Food Markets announced Thursday that it will be opening its second location in New York City and its first in Manhattan, as it moves into the old Kmart location at Astor Place. The grocery chain with a cult-like
Technicians work in the assembly line of German carmaker Volkswagen’s electric ID. 3 car in Dresden, Germany, June 8, 2021. Matthias Rietschel | Reuters Volkswagen posted record first-half earnings on Thursday while also raising its target for profit margin. The results are a marked improvement from the same period last year when demand was ravaged
The Durst Organization has a tough message for the hundreds of its non-union employees in its corporate offices: Get vaccinated or get fired. The family-run, New York real estate empire expects its corporate employees to be vaccinated against COVID-19 by Sept. 6, or they will be “separated from the company,” a spokesman confirmed to The
In this article OCBC-SG UOBH-SG DBSM-SG Automated teller machines of the three Singapore-listed banks: OCBC, DBS and UOB. Munshi Ahmed | Bloomberg | Getty Images SINGAPORE — Shares of Singapore’s top three banks rose Thursday after the country’s financial regulator lifted a cap on dividend payouts that was implemented following the Covid-19 pandemic. Singapore’s largest
The Federal Reserve on Wednesday held its benchmark interest rate near zero and said the economy continues to progress despite concerns over the pandemic spread. As expected, the Federal Open Market Committee concluded its two-day meeting by keeping interest rates in a target range near zero. Along with that, the committee reiterated its view that
U.S. Speaker of the House Rep. Nancy Pelosi arrives at a weekly news conference at the U.S. Capitol July 28, 2021 in Washington, D.C. Alex Wong | Getty Images News | Getty Images House Speaker Nancy Pelosi suggested on Wednesday that people who believe President Joe Biden can forgive student debt on his own are
This map shows state gas tax rates as of July 2021, using recently released data from the American Petroleum Institute. States levy gas taxes in a variety of ways, including per-gallon excise taxes collected at the pump, excise taxes imposed on wholesalers (which are passed along to consumers in the form of higher prices), and sales taxes that apply
In front of the criminal court in Moabit, supporters of a left-wing housing project in Köpenicker Straße protest against its eviction. A woman holds a sign with the English inscription “A roof or your head a basic human right”. picture alliance | picture alliance | Getty Images LONDON — Rent controls are becoming increasingly popular
In this article WING Wingstop has laid out plans to expand its presence in Manhattan with dozens of new locations set to open in the market, CEO Charlie Morrison told CNBC on Wednesday. Many of those locations will come in the form of ghost kitchens where the company will lean on digital orders and delivery
A massive Texas mansion perched atop a mountain — and isolated from everything else — is up for sale at a whopping $13 million. Located in Austin and overlooking Lake Travis, the home is situated on more than 13 acres of land and spans a colossal 18,000 square feet. One-third of the mountain had to be
The Wall Street forecaster who warned investors to brace for once in a generation inflation has a new concern: Delta variant cases sparking new economic restrictions. According to Jim Bianco, the emerging risk will hinder the ability to pick market winners and losers into fall. “This is the toughest one [risk] for investors to get
In this article GSBD BLK GS Eric Adams, Democratic candidate for New York City Mayor, speaks during a campaign appearance in Brooklyn, New York, June 11, 2021. Brendan McDermid | Reuters Eric Adams may not be the mayor of New York, but he is already starting to privately seek an alliance with several of the
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