stocks

Robinhood Hackers Stole From the Rich (And Gave to Themselves)

Robinhood Hackers Stole From the Rich (And Gave to Themselves)

On top of the regulatory probes, risky revenue sources, and at least one suicide tracing back to its app, it looks like stock-brokering startup Robinhood has another major problem. Well, actually, two: The first is that the app’s quickly become a popular target for hackers looking to game its users…

Maybe It’s Time to Retire the Phrase ‘Big Oil’

Maybe It’s Time to Retire the Phrase ‘Big Oil’

It’s been a week bookended with bad financial news for the oil and gas industry. It began with Exxon getting the boot from the Dow Jones Industrial Average, and now comes news that energy companies are the tiniest piece of another venerable stock index, the S&P 500. These may be…

SoftBank May Bail On $3 Billion Of Its WeWork Bailout

SoftBank May Bail On $3 Billion Of Its WeWork Bailout

Japanese conglomerate SoftBank is trying to backpedal from part of its bailout of tanking coworking space firm WeWork, the Wall Street Journal reported on Tuesday, citing Department of Justice and Securities and Exchange Commission investigations into the latter company’s business practices.