Scott Olson | Getty Images Two Robinhood broker-dealers agreed to pay $45 million in combined penalties to settle administrative charges by the Securities and Exchange Commission that they violated more than 10 separate securities law provisions related to their brokerage operations. The violations by Robinhood Securities LLC and Robinhood Financial LLC related to failures to…
Jakub Porzycki | Nurphoto | Getty Images The Chinese government is considering a plan that would have Elon Musk acquire TikTok’s U.S. operations to keep the app from being effectively banned, Bloomberg News reported on Monday. The contingency plan is one of several options China is exploring as the U.S. Supreme Court determines whether to…
CNBC’s Jim Cramer examined Monday’s market action, saying the tech-heavy Nasdaq Composite failed to rally largely due to a unique one-two punch: The U.S. government and billionaire Meta CEO Mark Zuckerberg. “The tag team of the government and Meta may have been too much for everyone,” he said. “At the end of the day, though,…
Cleveland-Cliffs CEO Lourenco Goncalves CNBC Cleveland-Cliffs CEO Lourenco Goncalves said Monday he had a plan to buy U.S. Steel as he launched a tirade against Japan, calling the close U.S. ally “evil” during a press conference. “I want to buy,” Goncalves told journalists at the Butler works plant in Pennsylvania. “I have a plan, I…
Donald Trump Jr. visits Nuuk, Greenland, on Jan. 7, 2025. Emil Stach | Via Reuters Prediction market company Kalshi is adding Donald Trump Jr., the eldest son of the president-elect, as a strategic advisor, the company announced Monday. Kalshi rose to prominence in the runup to the election last year after a court victory over…
Southern California Edison did not detect any electrical anomalies from its equipment in the hours before the outbreak of the Eaton Fire in the Los Angeles area, the CEO of the utility’s parent company said Monday. Four transmission lines in the Eaton Canyon area showed no signs of interruptions or anomalies in the 12 hours…
US President Joe Biden speaks about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024. Andrew Caballero-Reynolds | AFP | Getty Images In his final days in office, President Joe Biden announced that his administration would forgive student debt for more than 150,000 borrowers. That relief includes nearly 85,000…
This is a developing story. Check back for updates. A United Steelworkers sign is seen outside the Great Lakes Works United States Steel plant in River Rouge, Michigan U.S., September 16, 2024. Rebecca Cook | Reuters Cleveland Cliffs is partnering with rival Nucor in a potential bid for U.S. Steel, whose takeover by Japan’s Nippon…
Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in NYC on Sept. 28th, 2023. Adam Jeffery | CNBC Bill Ackman’s Pershing Square is offering to take over the rest of Howard Hughes Holdings the investment firm does not own for $85 a share. “While we are pleased with the substantial…
If you find saying “no” daunting, try to stop thinking about how the other person will respond, says Cornell University behavioral scientist Sunita Sah.
