Shares of the San Francisco-based cryptocurrency exchange, which trade under the ticker COIN, opened for trading at $381 apiece, giving the company a valuation of about $99.5 billion.
Investors turned their focus to another wild surge in GameStop and a handful of other stocks favored by online investors.
The House Financial Services Committee is holding a hearing Thursday following January’s GameStop saga during which shares soared 1,600% before falling back to Earth.
The parents of Alex Kearns, 20, say he thought he had lost $730,000 when he took his own life. They are now suing Robinhood Financial, claiming the popular stock-trading platform’s business practices "directly" led to their son’s death.
A college student donated Nintendo Switches and games to Children’s Minnesota Hospital after making money from his GameStop stocks.
The rush into silver futures Monday created confusion amid Wall Street chaos, with some retail traders on Reddit calling the surge in commodity prices a “false flag.”
A 10-year-old San Antonio boy made a killing by selling GameStop stock he was gifted more than a year ago.
Robinhood, the online trading platform at the center of a speculative frenzy involving shares of GameStop, AMC and other flailing companies, told its customers Thursday that it would be allowing “limited buys” of these companies starting Friday.
Plaintiffs in the class-action lawsuit accuse officials with the stock trading app Robinhood of essentially violating its Terms of Services by limiting stock trading on GameStop.
AOC isn't having any of Cruz's purported bipartisanship over the GameStop stock battle because the GOP isn't being held accountable for the Capitol riot.
Robinhood and other online trading platforms moved to restrict trading in GameStop and other stocks that have soared recently due to rabid buying by smaller investors.
Trading volume has surged in shares of GameStop, AMC Entertainment, as well as Bed Bath & Beyond and BlackBerry, stunning Wall Street firms betting that those stocks would fall.
Because of the Reddit group banding together, GameStop stocks have grown from just $18 a few weeks ago to now a high of $380.
U.S. stocks are rallying to records Wednesday on encouraging earnings reports and continued optimism that new leadership in Washington will mean more support for the struggling economy.
U.S. stocks wrapped a wild 2020 with a basket of records.
What’s not yet clear is whether DoorDash can keep the momentum going even if delivery demand eases in a post-pandemic world.
The Dow Jones Industrial Average traded above 30,000 points for the first time on Nov. 24 as investors were encouraged by the latest progress on developing coronavirus vaccines and news that the transition of power in the U.S. to President-elect Joe Biden will finally begin.
The numbers underscore how the coronavirus pandemic is worsening and threatening to drag the economy lower, at least in the near term.
Markets are banking on Tuesday's election leading to split control of Congress, which could mean low tax rates, lighter regulation on businesses and other policies that investors like remain the status quo.
Much of Wednesday's strength for Wall Street was due to big gains for technology stocks. Investors have increasingly seen these stocks as some of the safer bets in the market, able to grow their profits even in a pandemic as more of daily life shifts online.