Why is the price of Bitcoin and other cryptocurrencies falling?

The price of Bitcoin fell as much as 29% Wednesday after the China Banking Association warned member banks of risks associated with digital currencies. Other digital currencies suffered sharp declines as well. Bitcoin’s volatility was on full display: The decline had narrowed to below 10% in early afternoon trading. Bitcoin has lost about 40% of its value since April 13 when it hit a high … Continue reading Why is the price of Bitcoin and other cryptocurrencies falling?

SEC charges Robinhood with misleading customers about how it makes money

KEY POINTS The SEC charged Robinhood with deceiving customers about how the stock trading app makes money and failing to deliver the promised best execution of trades. Robinhood agreed to pay a $65 million civil penalty, without admitting or denying SEC’s findings. The Securities and Exchange Commission on Thursday charged Robinhood with deceiving customers about how the stock trading app makes money and failing to deliver … Continue reading SEC charges Robinhood with misleading customers about how it makes money

Stocks making the biggest moves in the premarket: FireEye, GameStop, United Natural Foods & more

Take a look at some of the biggest movers in the premarket: Campbell Soup (CPB) – The food maker reported quarterly profit of $1.02 per share, 11 cents a share above estimates. Revenue topped forecasts as well. Campbell also raised its quarterly dividend by 6% to 37 cents per share. The shares gained 1.5% in premarket trading as of 7:36 a.m. ET. United Natural Foods (UNFI) – … Continue reading Stocks making the biggest moves in the premarket: FireEye, GameStop, United Natural Foods & more