Trump, GENIUS and cryptocurrency
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Coinbase and Robinhood are among the leading trading platforms listing cryptocurrencies. The Coinbase (Nasdaq: COIN) stock hit an all-time high (ATH) of $444.64 within a few minutes of the market opening hours on July 18. The stock has been hitting record highs of late, thanks to the progress on key crypto bills in the U.S. Congress.
Robinhood Markets Inc.’s shares fell Thursday, after the financial-services platform once again missed out on membership in the S&P 500 index. But investors should perhaps focus more on President Donald Trump’s tax-and-spending megabill, which could have much bigger implications for the company.
Not all crypto-linked stocks were getting a boost. MicroStrategy, the world’s largest corporate holder of Bitcoin, was down 4.2% on Friday. Shares often follow fluctuations in the price of Bitcoin, which has fallen 1% over the past 24 hours to $117,726, according to CoinDesk.
Shares of Robinhood surge nearly 200% from all-time lows, boosted by bullish analyst calls, rising earnings forecasts, and a wave of pro-crypto sentiment from Washington.
What is inside President Trump's megabill? Many are concerned about the economic impact the massive spending bill could have on Americans. Financial Times U.S. National Editor Ed Luce, former Chief Strategist for the Bush-Cheney 2004 campaign Matthew Dowd and Staff Writer for The Atlantic Ashley Parker join Katy Tur to break it all down.
Vlad Tenev, Robinhood CEO, joins 'The Exchange' to discuss the three crypto bills going through congress, the first of which will be signed by the president and what it means for the sector.
The Chart of the Day What we're watching What we're reading Economic data releases and earnings The stock market keeps hitting new highs as investor euphoria is once again front and center. And there's perhaps no better stock that tells the story of what's been working during the latest leg
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Stocktwits on MSNRobinhood Stock Dips In Extended Trading After Another S&P 500 Snub, But Retail Eyes ‘Turbocharge’ From Crypto Week in D.C.Robinhood Markets Inc.’s (HOOD) stock slipped in extended trading on Monday after missing out on inclusion in the S&P 500 index yet again. On Monday, S&P Dow Jones Indices said that digital marketing firm Trade Desk will be added to the S&P 500,
If Trump is elected president, he will have pulled off quite the con — Robin Hood in reverse. His economic policies call for transferring trillions in resources from the poor and middle class to ...