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Federal prosecutors in Manhattan just charged two former Robinhood engineers over crypto trades, and the fallout is already hitting brokerages that had nothing to do with it.
On this episode of Stock Movers: - Lululemon (LULU) shares are diving as its China business is showing signs of strain, with revenue in mainland China falling 2% in the second quarter after adjusting for currency fluctuations. - Tesla (TSLA) shares are lower on news it formally rolled out the Cybercab for robotaxi service, a long-anticipated step in Elon Musk's effort to push the company away from its roots as an auto manufacturer. The US National Highway Traffic Safety Administration opened a probe into the process and technical data on which Tesla relied when it self-certified the vehicles as compliant with federal safety standards. - Robinhood (HOOD) is down as AMC Entertainment boss Adam Aron criticized Robinhood Markets Inc. after the platform launched a tokenized version of the theater chain's shares.
(Bloomberg) -- A rapid selloff in the high-flying momentum trade is wrecking the strategy’s staunchest bulls: Retail traders. Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandTrump Rebuilds Tariffs With New Levies on 60 EconomiesAlphabet Falls as $205 Billion Spending Plan Fuels AI Cost FearA basket of 50 stocks favored by amateur invest
The Commodity Futures Trading Commission (CFTC), the federal derivatives regulator, filed a lawsuit against the Commonwealth of Kentucky on June 23, 2026, making it the ninth state the agency has sued in an accelerating battle over who gets to regulate prediction markets in the United States. Kentucky had moved the ...
Bitcoin is trading at approximately $65,829 as Federal Reserve Chair Kevin Warsh steps in to chair his first FOMC meeting. While traders analyzing whether the central bank will hike or hold this Wednesday have priced in a 3.50-3.75% rate hold at a 97.4% probability per the CME FedWatch tool, the true market driver remains Warsh’s impending forward guidance.
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