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Day: August 30, 2021

Robinhood tanks after SEC chair tells Barron’s that banning payment for order flow is a possibility

Vlad Tenev, CEO and co-founder Robinhood Markets, Inc., is displayed on a screen during his company’s IPO at the Nasdaq Market site in Times Square in New York City, U.S., July 29, 2021. Brendan McDermid | Reuters Shares of Robinhood dropped Monday amid several bouts of bad news for the brokerage app. Robinhood’s stock fell …

Robinhood tanks after SEC chair tells Barron’s that banning payment for order flow is a possibilityRead More

Homebuyers sign fewer contracts in July, as high prices chill the summer market

A pending sale sign in front of a home in Miami. Getty Images Signed contracts to purchase previously owned homes fell 1.8% in July from June, according to the National Association of Realtors. Sky-high home prices have caused affordability to drop dramatically in the last several months. The median price of an existing home was …

Homebuyers sign fewer contracts in July, as high prices chill the summer marketRead More

Eurozone inflation to spike but ECB seen staying the course

The flash inflation estimates for August are due out of the Eurozone on Tuesday at 0900 GMT. The headline rate is expected to jump to a near-decade high. But this is unlikely to speed up policy normalization plans at the ECB, which, like other central banks, thinks the surge is transitory. The euro may therefore …

Eurozone inflation to spike but ECB seen staying the courseRead More

GBP/USD Outlook: Bulls Lose Traction on Approach to the Base of Thick Daily Cloud

Bulls started to lose steam on Monday after last week’s nearly 1% advance, facing strong headwinds from the base of thick daily cloud (1.3760). Although the price action is holding near the top of multi-day congestion, cable is lacking strength for eventual break higher. Renewed concerns about the UK economic recovery on global threats from …

GBP/USD Outlook: Bulls Lose Traction on Approach to the Base of Thick Daily CloudRead More