Author: franperez66q@protonmail.com
Robinhood shares fall as crypto slump dents trading volume growth Source link
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., wears a pair of Meta Oakley Vanguard AI glasses during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025.David Paul Morris | Bloomberg | Getty ImagesMeta will report first-quarter earnings after the bell on Wednesday.Here’s what analysts polled by LSEG are expecting:Earnings per share: $6.79 estimatedRevenue: $55.45 billion estimatedMeta CEO Mark Zuckerberg has spent the past three months continuing his company’s deeper push into artificial intelligence following a strategy shift and talent overhaul that he initiated in June with the $14.3 billion investment in Scale AI…
The Senate Banking committee on Wednesday voted to advance Kevin Warsh’s nomination to lead the Federal Reserve, teeing up President Donald Trump’s pick for a final confirmation vote in the Republican-controlled Senate.The vote fell along party lines, with all 13 Republican members voting in favor of the nominee and all 11 Democrats voting against him. It was the first fully partisan vote on a Fed chair nominee in the committee’s history, Sen. Elizabeth Warren, D-Mass., said in a press release.Warren, the banking panel’s ranking member, slammed Warsh before the vote, warning that his confirmation would erode the central bank’s independence…
Enrique Lores, then-CEO of Hewlett-Packard speaks on CNBC outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025.Gerry Miller | CNBCPayPal CEO Enrique Lores has this week told managers that he is reorganizing the firm’s reporting lines to separate Venmo, the popular mobile payments app, from the company’s other operations, CNBC has learned exclusively.Venmo will soon be its own standalone segment within PayPal, making it easier to track its progress or potentially sell the business to another company, said people with knowledge of the changes.PayPal is looking to recruit a digital banking executive to run the new Venmo…
PayPal stock jumps as Venmo becomes standalone business unit Source link
Whether you’re a gamer trying to play recent AAA titles at high resolutions and maxed-out settings or an AI enthusiast trying to run models locally, we’ve reached the point where a GPU with 8GB of video memory is a pretty limiting bottleneck. But because of ongoing memory shortages and price spikes, it’s also a uniquely bad time for GPU makers to attempt to fix this problem—rumors suggested that a RAM-boosting mid-generation “Super” refresh for Nvidia’s RTX 50-series GPUs was quietly delayed or canceled earlier this year, at least in part because of memory costs. One of Nvidia’s GPUs is getting…
Matthew Pennycook rejects criticism the government is dragging its feet on leasehold reform. Source link
Get ready. Wenesday night is the main event for earnings season, with Alphabet, Amazon, Meta and Microsoft – four of the “Magnificent Seven” — set to report. Options traders are pricing in more than $800 billion of market cap movement after the bell.If options prices are an indication, it will be a more volatile night than what we’ve seen over the past year. Current implied moves are bigger than the four-quarter average for three of the four names.Meta is the exception, where options are pricing in a 7.3% move compared to the yearlong average of 9.3%. That’s despite the fact…
Robinhood’s latest earnings report exposes a structural issue at the heart of crypto: it still struggles to generate stable, nonspeculative revenue despite years of growth, innovation and institutional acceptance. Crypto trading revenue is the lifeblood of platforms like Robinhood (as well as Coinbase , Gemini Space Station and Bullish – all of which will give their own financial updates in the coming weeks). But it’s inherently unstable. It’s highly cyclical, depends on trading volume and is largely driven by market sentiment instead of underlying economic activity. Therefore, Robinhood often trades like a crypto proxy – when prices and speculation are…
Regeneron shares fall 5% on Eylea sales decline, regulatory delays Source link