stocks

The New York Stock Exchange has indicated that it will move its electronic trading systems out of New Jersey if the state implements a proposed tax on financial transactions, according to an internal memo seen by Reuters. The NYSE plans to announce that it will run one of its exchanges from a backup site in …

The wild ride that is Kodak’s stock market performance appears far from over. The company’s stock shot up by 65 percent on Tuesday after news broke that New York-based hedge fund D.E. Shaw had built up a 5.2 percent stake in the moribund camera technology firm. Word of D.E. Shaw’s stake, disclosed in a regulatory …

Robinhood Markets, the fintech startup credited with helping popularize trading among millennials, is being investigated by the Securities and Exchange Commission and the Financial Regulatory Authority over its handling of a system outage in March, Bloomberg News reported on Monday. One area of focus for the investigation is Robinhood’s lack of customer response, the report …

Shares of GameStop shares jumped more than 27 percent on Monday after it emerged that the founder of pet food company Chewy.com took a stake in the video game retailer. Ryan Cohen, whose Chewy.com was scooped up in 2017 for $3.35 billion by PetSmart, has taken a 9-percent stake in struggling GameStop via his RC …

The high-flying shares of Apple and Tesla rose further on Monday, as investors jumped at the opportunity to own shares at more affordable prices after the companies split their stock. Apple’s previous stock split was 7-for-1 in 2014 and its fifth since going public in 1980. Splitting stocks is a way for companies to make …

Shares of Roku surged over 11 percent Wednesday after Citi initiated coverage of the streaming video company with a “buy” rating, while Netflix also gained more than 11 percent in a rally that put it on track for its largest one-day gain in three years. Roku and Netflix are among several technology-related companies that have …

At-home workouts and outdoor athletic activities are shaping up to be good business for Dick’s Sporting Goods. The retailer’s second-quarter results easily beat Wall Street’s expectations as consumers continue to focus on health and wellness while stuck at home amid the coronavirus pandemic. “During this pandemic, the importance of health and fitness has accelerated and …

Big-data firm Palantir revealed it lost more than half a billon dollars in each of the last two years as it prepared to go public. The secretive data-mining titan co-founded by tech tycoon Peter Thiel pulled back the curtain on its finances in a Tuesday filing for a direct listing that showed net losses of …

Facebook stock climbed 2.5 percent Tuesday afternoon after the social network announced expanded shopping capabilities on its main app as well as on Instagram. Shoppers will now be able to make purchases from any business directly within the Instagram app. Previously, only certain businesses were eligible for Instagram Checkout. BigCommerce, one of the companies that …

Love it or hate it, Robinhood is now worth more than $11 billion. The controversial trading app announced on Monday that it raised a new $200 million round of funding that now values the startup at $11.2 billion. Robinhood’s newest windfall, its second major round this year, comes months after the app and its more …