In case you thought paying $7 to $10 to trade a stock in the US was bad, it costs $65 in Australia. So now that its zero-fee stock trading app is thriving stateside with hundreds of thousands of users, Robinhood is planning to go international, starting in Australia. A $50 million Series B cash infusion from NEA will fuel that expansion, […]
LinkedIn hit Wall Street’s financial expectations Thursday, but lowered its revenue guidance for next quarter as investors sent the stock down more than 25 percent during after-hours trading.LinkedIn reported 57 cents per share on $638 million in revenue for the first quarter of 2015. That’s a revenue jump of more than 35 percent over the same quarter last year.Those numbers […]
“That’s a high-profile move. That could make people concerned,” said Steve Massocca of Wedbush Securities. “It’s not exactly the cheapest group around. It’s got an elevated valuation here. It does nothing but go up. It doesn’t take much to create a wobble.””It doesn’t appear to be hurting other speculative areas. The social media index is up three-quarters of a percent,” […]
Discussions about investing are seldom complete without the mention of stock markets—the gains, risks, and opportunities. Sure, stocks and linked products like mutual funds are a part of many investor portfolios, but not all. Many investors are wary of the stock markets for a number of reasons and are thus looking at other investment options. There are a wide variety […]
Financial technology startups are getting funding from the very industry they hope to disrupt.Known in short as fintech, these startups are changing the way people pay, lend, and invest, threatening the long-established and entrenched financial systems. In the past couple years, fintech has increased in notoriety among financiers and investors, most notably in London and New York.From investing in growing […]
BloombergThe iShares Nasdaq Biotechnology ETF over 12 months
Stocks are selling off on Thursday after a post-Fed rally yesterday.
But biotech stocks are rallying, up nearly 2%. In fact, biotech stocks have been on fire all year. They’re up about 15% year-to-date.Last week, Max Nisen at Quartz wrote that while everyone is focusing on massive tech valuations, the biotech industry is where things […]
View photo.(Bloomberg)The iShares Nasdaq Biotechnology ETF over 12 monthsStocks are selling off on Thursday after a post-Fed rally yesterday.
But biotech stocks are rallying, up nearly 2%. In fact, biotech stocks have been on fire all year. They’re up about 15% year-to-date.Last week, Max Nisen at Quartz wrote that while everyone is focusing on massive tech valuations, the biotech industry is where […]
BloombergThe iShares Nasdaq Biotechnology ETF over 12 months
Stocks sold off on Thursday after a post-Fed rally on Wednesday.
But the Nasdaq still gained ground thanks to the biotech sector which gained about 2% on Thursday. In fact, biotech stocks have been on fire all year. They’re up about 15% year-to-date.Last month, Max Nisen at Quartz wrote that while everyone is focusing on […]
With a firm “no comment” Janet Yellen shied away from burstng the bubble in “extremely stretched” Biotech and Social Media stocks, but was forced to admit that “overall measures of equity valluations are on the high side.” Then, rather oddly, she notes that The Fed sees unusually low spreads in corporate bond markets… which is odd since they have actually […]
This week, we take a hands-on look at the new iOS app Robinhood, a unique, mobile-first take on stock market trading that’s poised to be a big hit with millennials.Robinhood an apt name for the recently launched stock-trading app made by Robinhood Financial, Inc. — a company whose goal isn’t to rob the rich and give to the poor, but […]
