Tag: Markets

The Pentagon has revised its judgment, stating that there is a genuine threat of an assault "soon or within 48 hours" as a result of Tuesday's WSJ article showing that Saudi Arabia and its ally the United States are on high alert about a potential impending Iranian attack. On this...

Vlad Tenev, the CEO of Robinhood, said in a press statement on Tuesday that the firm will cut its workforce by about 23%. Operations, marketing, and program management will see the majority of the layoffs. Tenev attributed the problem to "deterioration of the macro climate, with inflation at 40-year highs...

It's no secret that China is Russia's most strategic ally. And even in the time of war, they seem to only support the invading country in ways that benefit them. Sanctions levied in response to Russian President Vladimir Putin’s invasion of Ukraine have dealt a devastating blow to his...

Wall Street capped a turbulent week of trading Friday with a broad rally for stocks as relief flowed through the market, even as deadly attacks raged in Ukraine. Oil fell and investors turned away from gold and other traditional havens they favor when fear is high. The S&P 500 climbed...

Peloton on Tuesday slashed its financial outlook for the full year after the company announced CEO John Foley will be stepping down, as part of a broader restructuring of the business. It now sees fiscal 2022 revenue within a range of $3.7 billion to $3.8 billion, down from a prior range of...