LONDON—The London Metal Exchange had hoped to get the global market for nickel motoring again on Wednesday after a week in limbo. It didn’t work out as planned. The world’s oldest metals exchange was forced to halt trading on its electronic system within a minute of opening due to a technical glitch and when it…
Robinhood Posts $423 Million Net Loss, Shares Sink After Hours
Commission-free brokerage Robinhood Markets Inc. on Thursday posted a $423 million net loss in the latest quarter, and its shares tumbled as much as 15 percent in after-hours trade even as revenue edged past analysts’ estimates. Robinhood reported a net loss of $423 million or $0.49 per share in the three months ended December. A…
Robinhood Says It Is in ‘Strong Position’ to Face Unlikely Market Events
Robinhood Markets Inc. on Tuesday highlighted steps it has taken to avoid imposing trading restrictions and said it was in a “strong position” to support customers through unlikely market events, in a blog post published almost one year after a social-media-fueled rally that rattled markets. The online trading platform, which helped pioneer commission-free trading, and…
LME Resumes Trading After a 3rd-Party Power Outage
LONDON/BENGALURU—Trading on the London Metal Exchange (LME) resumed on Tuesday morning after a power outage as the world’s top marketplace for industrial metals struggles with declining volumes. Activity resumed at 0615 GMT following the outage at a third-party data centre on Monday evening, the LME said. The exchange, owned by Hong Kong Exchanges and Clearing…
Wall Street Opens Little Changed on Final Trading Day of 2021
Wall Street’s main indexes were subdued at open on Friday, looking to clock a third straight annual gain in a year fueled by massive stimulus and a strong retail participation. The Dow Jones Industrial Average fell 12.23 points, or 0.03 percent, at the open to 36,385.85. The S&P 500 opened lower by 3.52 points, or…
Stocks Firm on Europe’s Last Full Trading Day
European shares inched higher on Thursday on hopes fresh coronavirus-related curbs and restrictions may not be needed going into the new year, even as a surge in COVID-19 cases due to the Omicron variant kept a lid on gains. The pan-European STOXX 600 rose 0.2 percent, after edging 0.1 percent lower on Wednesday, with the…
Stocks Lose Momentum in Afternoon Trading; S&P Down 0.1 Percent
Stock indexes are mostly lower on Wall Street in afternoon trading Tuesday, pulling the market slightly below its record high as investors close out their positions for 2021. The S&P 500 was down 0.1 percent as of 2:20 p.m. Eastern. The benchmark index is coming off an all-time high on Monday, when it posted its…
World Stocks Mixed in Quiet End of Year Trading
BANGKOK—Major world share benchmarks were mixed at the outset of the last trading week of the year as countries grappled with the spread of the omicron coronavirus variant. Benchmarks were flat early Monday in Paris and Frankfurt and fell in Shanghai, Bangkok, Tokyo, and Seoul. Taiwan and India were higher. London and some other markets…
Robinhood Shares Drop Below IPO Price in After-Market Trading on Crypto Slowdown
October 27, 2021
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Robinhood Markets Inc.’s shares fell below their initial public offering price in after-hours trading on Tuesday after the retail broker reported softer revenue than expected for the third quarter as trading levels declined for cryptocurrencies like dogecoin. Shares of Robinhood were down 8.77 percent at $36.10 following the release of the results, below the $38…
UBS Fee Bonanza Lifts Quarterly Profit to 6-Year High
ZURICH—UBS posted its highest quarterly profit since 2015 on Tuesday, as robust trading activity by the world’s ultra-wealthy led to a 23 percent surge in fee income. The surprisingly strong results follow double-digit percent gains for net profit in each of the past four quarters and come as Switzerland’s largest bank announced new plans for…
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