Robinhood beat analyst expectations on several fronts for the second quarter. That included record revenue of $1.31 billion, which beat estimates of $1.25-$1.28 billion, and earnings per share, which came in at $0.62 versus the $0.42 analysts had predicted. The…
Last week, Senator Rand Paul released Dr. Anthony Fauci’s unflattering diary. This morning, Dr. Fauci, the COVID czar, was on the hot seat when he appeared before the U.S. Senate’s Homeland Security and Government Affairs Committee. These hearings were a…
The world’s second-largest economy looks like it’s running at two speeds: An export-focused manufacturing sector that’s feeding global hunger for electronics and semiconductors, and a weaker domestic economy beset by sluggish sales, a property sector bust, and “involution,” China’s term…
The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation caused by the Iran war and a spike in energy prices. The Fed’s rate-setting committee reached the 9-3 decision after two days of deliberations, marking the…
For the past 58 years, Eddie Smith Jr. has transformed Grady-White Boats from a near-bankrupt North Carolina boat manufacturer into a company generating hundreds of millions of dollars in annual revenue. He worked 100-hour weeks, gave up golf for decades,…
Costco has agreed to a $14 million settlement to resolve a class action alleging the warehouse chain sent Washington residents promotional emails with false or misleading subject lines, and eligible shoppers have until Aug. 24 to file a claim. The…
Wall Street is mixed before the opening bell Wednesday and oil prices jumped more than 4% after Jordan and the U.S. knocked down another Iranian missile barrage launched against American forces in the Middle East. Oil prices — which had eased from last week’s the…
For decades, pharmaceutical advertising largely revolved around television commercials urging patients to ask their doctors about branded medication. Increasingly, however, drugmakers are investing in a different kind of marketing campaign—one built around trusted athletes who have publicly discussed their own…
When Robinhood and Coinbase went public back in the first half of 2021, the companies occupied very different lanes. Today, the two founder-led firms are clashing on multiple fronts as Robinhood seeks to co-opt large portions of Coinbase’s crypto empire,…
Backlash to the proposed multi-billion private investment in FIFA, the organizer of soccer’s World Cup tournament, has come fast and furious, with cries of ruining ‘the beautiful game.’ According to one insider in the investor camp, however, a major cause…