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Robinhood shares take 8% fall at finish of Nasdaq trade debut

ADVERTISEMENT Robinhood shares take 8% fall at finish of Nasdaq trade debut by Compiled Democrat-Gazette Staff From Wire Reports | Today at 2:05 a.m. Vladimir Tenev, chief executive officer and co-founder of Robinhood, celebrates Thursday in New York’s Times Square after his company’s initial public stock offering. (AP/Mark Lennihan) Robinhood was met with an icy welcome from Wall Street on Thursday as the companys stock sank by as much as 10% during its first day of trading. After opening ...
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Chinese Education Stocks in U.S. Rebound After Sharp Selloff

Jul 28 2021, 11:23 AM July 27 2021, 5:51 PM July 28 2021, 11:23 AM (Bloomberg) -- The slump in U.S.-listed Chinese shares accelerated Tuesday, wrapping up another day of heavy losses, as investors shunned the assets amid a broad-based crackdown by regulators in Beijing. (Bloomberg) -- The slump in U.S.-listed Chinese shares accelerated Tuesday, wrapping up another day of heavy losses, as investors shunned the assets amid a broad-based crackdown by regulators in Beijing. In the span of three tra...
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meme stocks: Wall Street CEOs and investors grapple with a meme-stock new normal

By Bailey Lipschultz As the first half of 2021 draws to a close, it’s clear that the mania surrounding so-called meme stocks isn’t going away anytime soon. Rather, its influence on the market is evolving -- and presenting challenges for both corporate executives and investors alike. For leaders of companies on the receiving end of the Reddit-pump treatment, decisions must be made about whether to capitalize on the phenomenon with share offerings in the way AMC Entertainment Holdings Inc. di...
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