Robinhood disappoints in first earnings report since market debut
CNN
Robinhood posted a big loss in its first earnings report since its volatile initial public offering last month, overshadowing the fact that sales more than doubled in the second quarter, led by strong demand for cyptocurrency trading.
The company reported revenue of $565 million in the quarter. Analysts were expecting sales of $521.8 million. Robinhood said this was the first time more new customers made their first trade in cryptos, such as bitcoin and ethereum, instead of stocks. Robinhood added that its base of monthly active users more than doubled to 21.3 million in the second quarter of 2021, compared with 10.2 million a year ago.
A US State Department team traveled to Venezuela on Friday for the first time since the ouster of Nicolas Maduro, according to a US official.
Mutual distrust between federal and state authorities derailed plans for a joint FBI and state criminal investigation into Wednesday’s shooting of a Minneapolis woman by an ICE officer, leading to the highly unusual move by the Justice Department to block state investigators from participating in the probe.
Protests have erupted nationwide and an investigation is underway after an ICE agent fatally shot a woman this week. Follow for live updates.
US President Donald Trump said that he had cancelled a “previously expected” second wave of attacks on Venezuela due to the country’s cooperation with the US.
Vice President JD Vance’s claim Thursday that an Immigration and Customs Enforcement officer who fatally shot Renee Nicole Good in Minneapolis is “protected by absolute immunity” drew immediate pushback from experts who said the legal landscape around a potential prosecution is far more complicated.
Five Democrat-led states are suing the Trump administration to stop it from halting $10 billion in social assistance and child care funding in the wake of a widespread probe into federal funding fraud in Minnesota.
The top Washington-based diplomats for Greenland and Denmark met with White House officials at the National Security Council on Thursday as Greenland continues to publicly and privately insist it is not for sale.
Top energy executives are weighing telling President Donald Trump that the industry can increase Venezuela’s oil output by hundreds of thousands of barrels per day over the coming months, people familiar with the preparations for Friday’s White House meeting told CNN.
Congress’ most liberal Democrats are pushing for an all-out fight to rein in President Donald Trump’s hardline immigration policy after this week’s deadly shooting by an ICE officer in Minnesota — even if it means risking another government shutdown.
A “grand staircase,” new spaces for utilities, food service and deliveries, as well as the addition of a second story to the West Wing Colonnade to match plans for a similar two-story colonnade connecting the East Wing to the Executive Mansion are among the
One day – probably very soon – college psychology and political science lectures will be based on what happened Wednesday in Minneapolis.
Venezuela said on Thursday it would release “a significant number” of prisoners in a move its government framed as a gesture “to seek peace.”
The fatal shooting of a US citizen by an Immigration and Customs Enforcement officer in Minneapolis on Wednesday could become a flashpoint in President Donald Trump’s immigration crackdown in American cities.