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Robinhood And The Band Of Merry Traders: A Closer Look At The Zero-Commission Brokerage Model

Robinhood And The Band Of Merry Traders: A Closer Look At The Zero-Commission Brokerage Model

When Stanford roommates Vladimir Tenev and Baiju Bhatt finished grad school and went to work on Wall Street developing high-tech trading platforms, they became disenchanted with a stark shortfall that was rampant in the industry. They wondered why small retail investors were made to pay several dollars for executing trades […]

Wholesale Inflation Data: More Good News For The Economy?

Wholesale Inflation Data: More Good News For The Economy?

After declining for four months in succession, US producer prices soared in March. The Labor Department report, issued today, revealed that the producer price index (PPI) for final demand saw a 0.2% increase last month. In comparison, the same metric declined 0.5% in February, 0.8% in January, and a seasonally […]

Jobless Claims Rise 28,000 For the Week

Jobless Claims Rise 28,000 For the Week

The Labor Department reported that the number of Americans filing initial claims for unemployment ticked up slightly, by 28,000, the larger weekly gain this year. Claims reached a seasonally adjusted level of 326,000 for the week ended May 17. Initial claims for the previous week were revised up 1,000 to […]

Burger King May Become A Canadian Company (BKW)

Burger King May Become A Canadian Company (BKW)

Burger King, an iconic American fast food brand, may soon become a Canadian company. According to a statement by the company, Burger King is in talks to purchase Tim Hortons and base the headquarters of the combined company in Canada instead of the United States. The merger with the Canadian […]

Amazon Sees Sales Surge, but Profit Comes Up Short

Amazon Sees Sales Surge, but Profit Comes Up Short

Amazon expected to be the runaway winner of the holiday shopping season, instead it strolled but did not run. Revenue for the e-commerce giants during the fourth quarter was less than was expected, reported the company based in Seattle, Washington on Thursday. It turned out that its profit was even […]

Startups Benefit From Corporate VCs

Startups Benefit From Corporate VCs

Corporations with venture capital (VC) arms – divisions which directly invest in startup businesses – have invested $5 billion in new firms over the first half of this year, and interest is growing as funding startups becomes an easier and (relatively) less risky way for companies to innovate, revamp their […]

BioDelivery Sciences Soars on Positive Trial Data (BDSI)

BioDelivery Sciences Soars on Positive Trial Data (BDSI)

Shares of BioDelivery Sciences International (BDSI) soared 22% in active premarket trade after the company and its partner, Endo Pharmaceuticals, said a late-stage trial of its severe pain treatment met its primary efficacy endpoint. At 10:30 AM the stock is up 15.51 % form Fridays close to $13.87 and touched […]

Weak Sales Spur Amazon To Slash Fire Phone Price (AMZN)

Weak Sales Spur Amazon To Slash Fire Phone Price (AMZN)

Due to the weak initial sales of the device, Amazon has decided to slash the price of the Fire phone to 99 cents with a two-year contract with AT&T, the exclusive carrier for the device. That is a price difference of nearly $200 from the time that the phone was […]