financial markets
-
Apple’s Former Top Lawyer Pleads Guilty to Insider Trading
The man who once in charge of making sure Apple’s employees stayed on the straight and narrow is going to jail for doing the thing he told them never to do with stock trades: game the system.
-
Snap Stock Plunges by 40% as Company Slows Hiring
Shares of social media company Snap Inc. fell dramatically in what is poised to be the worst day ever for the company. Snap shares plunged as much as 40% on Tuesday morning, and the company announced that it would slow hiring, according to media reports.
-
Robinhood Must Pay User Nearly $41,784 Over Meme Stock Trading Halt
In January 2021, stock trading app Robinhood infuriated users when it responded to surging trades of so-called meme stocks, by halting trades — effectively preventing users from selling shares until the prices had collapsed. Congressional hearings, regulatory probes, and a deluge of regulatory complaints and lawsuits ensued, which was at least one cause of its…
-
S&P Trying to Snag Some of That Snazzy Meme Stock Energy by Mining Twitter
The S&P Dow Jones Indices is monitoring stock Twitter in real-time to see how positively people feel about 200 S&P 500 companies (Tesla) with the top sentiment scores. Today, it launched two Twitter sentiment analysis tools to measure the level of positivity toward companies (or their profit potential) via “$cashtags.” According to the press release,…