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Two former Robinhood engineers charged over alleged insider trading
Federal prosecutors charged former Robinhood engineers Hefu Chai, 36, and Huaisong “Jerry” Xiang, 30, with commodities fraud and wire fraud. Prosecutors allege they used confidential information about upcoming Robinhood asset listings to take leveraged positions before the announcements became public, making more than $50,000 each. The bigger question for $HOOD …
Where is all the tech money rotating to? Oil and Biotech
I have noticed that a lot of tech stocks have been falling off a cliff the past 1-3 months while the S&P has been holding somewhat steady. After doing a little research, it appears that oil and biotech companies have been doing very well during this tech pullback. Put together …
I'm only riding on SPYM and VXUS right now, is that the move?
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I have seen all Fed reserve meetings for the past 5 years- Today’s meeting was VERY different
Everytime Fed Powell had these meetings, he would give specifics and details. These specifics would help people understand how the economy works. The questions he would answer ( from the journalists) had clean logic and the main approach he had- highly DATA DEPENDENT approach to increasing/decreasing rates and other decisions …
Fed approves interest rate hike, signals one more to come this year
The Federal Reserve on Wednesday approved its first interest rate hike in more than three years and indicated another to come, as part of an effort aimed at combating inflation brought on by spiraling oil prices and other factors. In a move that markets widely anticipated, the central bank’s Federal …
What the data shows on SP500 post Fed rate hike
From Barron's "It is not the first Fed hike that ends equity bull markets, although it does inject near-term volatility," Citi's global equity strategy team said. The S&P 500, the Nasdaq, and the Dow see an average decline in the three months following the Fed's first rate increase. The indexes …
Is anyone looking at $ETOR (etoro) broker?
It's a stock/crypto broker that has a customer base mainly in the UK and Europe. The stock fall to 28$ which is 2.3B with 1B of cash on hands no debt.. P/E of 11. They ain't got that much growth In revenue but decent 10% growth.. 4.28M founded accounts, they …
Can some one ELI5 why it’s good to have 25bp hiked but it’s not better to have 50bph or even 75bph?
so I am not sure how people keep saying it’s priced in and the market priced in a 25bph. does the market also price in a 50bph or even a 75bph? can some one ELi5 why 25bph is good but 50bph is bad and 75bph is horrible? if the fed, …
Fed Countdown: Futures flat, Yields up. What’s the play?
The divergence between macro policy and corporate earnings this morning is setting up a really weird backdrop for the 2 PM Fed decision. The bond market is aggressively pricing in a hawkish path, with the 10-year Treasury yield crossing the 5.01% threshold and the 2-year sitting at 4.67%. Under any …
TechIntel, SK Hynix shares jump on report they’re discussing U.S. memory chip manufacturing
Under one scenario, SK Hynix would lease part of Intel’s chipmaking facility in Ohio, Reuters reported, citing people familiar with the matter. Intel and SK Hynix could also form a joint venture with Intel and major cloud firms, Reuters said. SK Hynix could also look at other ways to structure …