August 12, 2022 | Daily Business Review
Robinhood Must Face Manipulation Claims Over Meme TradingU.S. District Judge Cecilia Altonaga said that the Robinhood case raises "interesting legal questions, convoluted by the novelty of Robinhood's platform, but at the end of the day, plaintiffs' market manipulation claims clear the particularized threshold."
By Malathi Nayak and Annie Massa
3 minute read
April 28, 2022 | Daily Business Review
Robinhood Investors Brace for More Losses After Firm Cuts JobsRobinhood exploded in popularity during the pandemic as new investors used its app to trade through wild market swings.
By Annie Massa
3 minute read
April 13, 2022 | Daily Business Review
BlackRock Sees $114B in Net Flows Amid Market TurmoilEven as uncertainty mounted over Russia's invasion of Ukraine and the Federal Reserve's response to fast-rising consumer prices, clients continue to pour money into BlackRock's long-term investment products.
By Silla Brush and Annie Massa
3 minute read
February 04, 2022 | Daily Business Review
Hedge Fund Pay War Erupts at Sculptor as Board Member QuitsThe dispute comes as Jimmy Levin appears to be slowly turning around Sculptor, which for years suffered outflows in the wake of a bribery investigation.
By Hema Parmar and Annie Massa
4 minute read
November 19, 2021 | Daily Business Review
Robinhood, Citadel Win Dismissal of Meme-Stock LawsuitThe lawsuit alleged that Citadel Securities amassed a substantial short position in GameStop and other stocks that exploded in value, and that the market-maker pressured Robinhood to stop customers from purchasing those shares.
By Katherine Doherty and Annie Massa
3 minute read
Trending Stories