Online trading platform Webull set to go public via $7.3B SPAC deal

The Webull logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | LightRocket | Getty Images Webull is planning to go public through merging with a special purpose acquisition company in a deal that values the digital investing platform at $7.3 billion. The New York-based online brokerage will combine with SK Growth … Read more

Bitcoin ETFs threaten Coinbase after stock rose almost 400% in 2023

Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023. Michael Nagle | Bloomberg | Getty Images Now that the SEC has approved the creation of bitcoin exchange-traded funds, Coinbase’s position in the crypto market is poised to take a dramatic turn. … Read more

Robinhood CEO says payment for order flow is ‘here to stay’

Vlad Tenev, co-founder and CEO of Robinhood, rings the opening bell at the Nasdaq on July 29, 2021. Source: The Nasdaq Robinhood CEO Vlad Tenev says he doesn’t believe that the payment for order flow (PFOF) model of market-maker routing that the company incorporates in the U.S. is under threat. That’s despite calls from notable … Read more

Why Jack Bogle’s strategy of ‘lazy’ investing is making a comeback

Jack Bogle Mark Lennihan | AP Boring investing is making a comeback. With the meme-stock rally in the rearview mirror and interest rates surging, individual investors are rediscovering the philosophy made famous by Vanguard’s founder, Jack Bogle. The father of market indexes preached low-cost, passive investments that compound over years. Fans call themselves “Bogleheads,” and … Read more

Here is the place AMC and GameStop at the moment are as ‘Dumb Cash’ hits theaters

A scene from the trailer for the movie: Dumb Cash Courtesy: Sony Photos Leisure As shares of GameStop begin to climb in late 2020 and the early days 2021, within the midst of the pandemic, characters within the new film “Dumb Cash” encourage their buddies to promote. There’s Pete Davidson, enjoying the brother of Paul … Read more