Robinhood as controversial as ever as it makes market debut
CBSN
Shares of Robinhood — the brokerage app popular among millennials for its commission-free trading — got off to a wobbly start Thursday, its first day as a public company.
Trading under the ticker HOOD, the online brokerage shifted between gains and losses around its opening price of $38 a share. It was lately off nearly 7%, at $35.39 a share. Before the company's market debut on the Nasdaq, Robinhood priced shares at the low end of a $38-to-$42 range, selling 52.4 million shares and raising nearly $2 billion through an initial public offering. The company took an atypical step in setting aside as much as 35% of the shares it offered for traders using its app. Those folks would normally have to wait until the stock's appearance on an exchange to purchase it.An Arizona grand jury indicted 18 people Wednesday in the ongoing investigation into an alleged attempt to use alternate electors after the 2020 presidential election as part of a wider alleged conspiracy to falsely declare then-President Donald Trump the winner, the state's attorney general announced.
Almost four out of every 10 people in the United States live in a place where air pollution is considered bad enough to put their health at risk, the American Lung Association warned in its latest "State of the Air" report released on Wednesday. That proportion of people — about 39% of the population — had risen sharply since earlier rounds of pollutant data were analyzed for the annual report last year, and the trends were especially pronounced in certain parts of the country.