Robinhood Stock Hits All-Time High as Soaring Crypto Trading Powers Q4 Profit
Robinhood Markets reported fourth-quarter profit that was more than double estimates on booming cryptocurrency trading.
News
Reddit Stock Slips After Disappointing User Growth—Watch These Price Levels
Reddit shares were lower in early trading on Thursday after the social discussion platform’s underwhelming user growth overshadowed better-than-expected quarterly results. Monitor these crucial post-earnings chart levels.
PPI Inflation Report Shows Eggs Lift Wholesale Prices Again
The Producer Price Index was up 3.5% year-over-year in January, and higher by 0.4% from December, spurred by a 44% jump in egg prices.
South Korea to Start Lifting Ban on Corporations Trading Crypto
The country restricted institutions from trading crypto in 2017.
US wholesale prices remained high last month, a sign progress on inflation may have stalled
US wholesale inflation remained stubbornly elevated last month, another sign that even higher prices could be ahead for American shoppers.
Tether May Have to Sell Some Bitcoin to Comply With U.S. Stablecoin Rules: JPMorgan
Company data suggests that Tether's reserves are 66% compliant under the STABLE Act and 83% under the GENIUS Act, the report said.
El Salvador Dispatch: Searching for Bitcoin City, the Modern El Dorado
President Nayib Bukele vowed to build Bitcoin City on the Conchagua volcano. CoinDesk went looking for signs of construction.