Business
AMC CEO Slams Robinhood Over ‘Inexcusable, Vile’ Stock Token Trading
AMC Entertainment CEO Adam Aron exploded on Robinhood for offering tokenized versions of his company’s stock without approval. Shares of AMC stock surged Friday. Robinhood stock slid after scoring a Thursday breakout. AMC (AMC) CEO Adam Aron in an online post criticized Robinhood (HOOD) after discovering the trading platform had begun offering tokenized versions of AMC stock. Stock tokens are…
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Uttam is a growth-oriented investment analyst whose equity research primarily focuses on the technology sector. Semiconductors, Artificial Intelligence and Cloud software are some of the key sectors that are regularly researched and published by him. His research also focuses on other areas such as MedTech, Defense Tech, and Renewable Energy. In addition, Uttam also authors The Pragmatic Optimist Newsletter along with his wife, Amrita Roy, who is also an author on the newsletter as well as on this platform. Their newsletter gets regularly cited by leading publications such as the Wall Street Journal, Forbes, etc. Prior to publishing his research, Uttam worked in Silicon Valley, leading teams for some of the largest technology firms in the world, including Apple and Google.
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Tesla, Lululemon, AMC, Guidewire, Trade Desk, UiPath, and More Stocks That Explain Today’s Market
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Dianthus: Hold, Based On Competitor C1s' CIDP Setback And Continued Claseprubart Advancement
Dianthus: Hold, Based On Competitor C1s' CIDP Setback And Continued Claseprubart Advancement
Stocks Finish Weaker Amid Fears of Rate Hikes Ahead
The 2-year yield, which often rises and falls with traders’ expectations for short-term rates set by the central bank, ended the day at 4.379%, up from around 4.34% before the data was released at 8:30 a.m. ET. The yield rose above 4.41% at its intraday peak.
The yield on the 10-year note rose to 4.783%, up from around 4.75% before the report.
The yield on the 30-year bond rose the least, edging up to 5.246%.
Investors now see a nearly 60% chance that the Fed will hike this month, up from 52% before the report’s release.
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