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Robinhood will incur $28 million in restructuring charges as the company trims headcount

Unlike many of his tech industry peers who have cut thousands of jobs citing the need to restructure to make the most of AI, Robinhood's CEO Vlad Tenev conspicuously made no mention of AI in his note about layoffs.

The trading platform will cut roughly 290 jobs and incur $28 million in restructuring charges, citing a push to flatten management layers

On this episode of Stock Movers with Alexis Christoforous: - Yum! Brands (YUM) agreed to sell its struggling Pizza Hut chain for $2.7 billion to a private equity firm and its China business. LongRange Capital will acquire Pizza Hut ex-China for $1.5 billion, Yum said in a statement Tuesday. Yum China Holdings Inc. will buy the rest of the business for $1.2 billion. The transactions are expected to close in the third quarter. - Dave & Buster's (PLAY) shares tumble after the operator of restaurant and entertainment facilities reported comparable sales for the first quarter that missed the average analyst estimate. Research firm Benchmark downgraded the stock, citing a lack of confidence that same-store sales will stabilize/eventually turn positive this year. - Robinhood Markets (HOOD) shares are up after it said it is reducing its full-time employee workforce by 10%, and also closing a small number of open roles.

DAVE trades below the industry P/E average despite nearly 80% ROE, strong margins, low debt and rising member growth that may signal mispricing.

Does Interactive Brokers' global scale, automation and profitability make it the steadier bet, while Robinhood's growth story carries higher risk? Let's find out.

Investing.com -- Robinhood Markets (NASDAQ:HOOD) shares rose 2% on Tuesday after the trading platform announced it would cut 10% of its full-time workforce, or approximately 290 roles, as part of efforts to streamline operations and flatten management layers.

Everyone is watching NVIDIA (NASDAQ:NVDA) because it remains the default proxy for every AI headline that hits the wire. But here’s what you should actually be watching. The chip story is the most crowded trade on Earth. Every retirement portfolio, every momentum fund, every cab driver with a Robinhood account already owns it. I’ve held ... Forget the Chips. Half of Every AI Datacenter Dollar Goes Somewhere Else

Robinhood announced a restructuring on Tuesday. The financial and investing platform has "never been stronger," CEO Vlad Tenev said in a memo.

Robinhood announced a restructuring on Tuesday. The financial and investing platform has "never been stronger," CEO Vlad Tenev said in a memo.

The brokerage expects roughly $20 million in cash restructuring charges tied to severance and benefits.

Robinhood Markets will lay off about 10% of its workforce, representing roughly 290 jobs, aiming to cut costs and work more efficiently.

A lesser-known exchange with an office in downtown Miami and under a year of public trading might of

Highflying technology and artificial intelligence stocks are climbing early Tuesday but the rally isn't nearly as broad-based as the previous session.

Robinhood Markets stock was gaining early Tuesday after the trading platform said it would cut around a tenth of its employees. Robinhood said it would cut about 10% of its full-time employees and close a small number of open roles. Its shares were up 3.4% in premarket trading.

SpaceX (SPCX) allocated at least a single share of its $86.2 billion initial public offering to ever

↗️ SpaceX (SPCX): Shares of Elon Musk’s rocket company are poised for another day of gains, following a two-day rally that pushed the stock up about 43% from its IPO price. Shares advanced 9% premarket.

Shares of financial services company Robinhood (NASDAQ:HOOD) jumped 6% in the afternoon session after it benefited from a confluence of positive catalysts, including strong interest in its prediction markets tied to the 2026 FIFA World Cup, multiple bullish analyst actions, and a supportive macro environment.

A filing with the SEC revealed that CFO Shiv Verma had sold shares worth $393,778 of the company’s Class A common stock on Monday.

(Bloomberg) -- Customers at some of the largest retail brokerage firms in the US each received at least a single share in SpaceX’s $86.2 billion IPO, underscoring how the offering was designed to give individual investors a sizable role.Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsStudios in Microsoft’s Xbox Division Brace for ClosuresIran Signals No Deal Will Be Signed by Trump’s Sunday Timeli

Founded by Stanford graduates Vladimir Tenev and Baiju Bhatt in 2013, Robinhood Markets (Nasdaq: HOOD) is a brokerage platform that has become popular with its stock, cryptocurrency, and tokenized stock offerings. The company's stock hit the all-time high (ATH) of $153.86 on ...

One Wall Street analyst expects Robinhood's (HOOD) prediction markets revenue to skyrocket from $150 million in 2025 to nearly $600 million in 2026. Yahoo Finance Senior Reporter David Hollerith explains more in the video above.

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A Bernstein analyst laid out the case for why the World Cup could be particularly lucrative for the trading app in a research note.

A CNBC segment that ran last week opened with a sentence you do not normally hear from a buyer. “It’s stupid. It’s unreasonable… The valuation is really, really aggressive, in my opinion,” said Marvin Jung, a regional director of operations in veterinary care. Then he told CNBC he had requested roughly 1,000 shares of SpaceX ... Why Retail Investors Are Piling Into the SpaceX IPO Despite a Historic $2.1 Trillion Valuation

On this episode of Stock Movers with Alexis Christoforous: - Roku (ROKU) is higher while Fox (FOX) is declining on news Fox agreed to acquire Roku in a deal that values the streaming video platform at about $22 billion including debt. - United Airlines (UAL) is surging with airlines stocks up around 4% ahead of the open after the U.S. and Iran reached an interim peace deal. - Coinbase (COIN) and Robinhood (HOOD) are following Bitcoin higher amid broader risk appetite with the US-Iran interim deal.

Record-breaking traffic coincided with SpaceX opening 11% above its $135 offering price.

Prediction markets such as Kalshi and Polymarket are seeing record trading volumes from World Cup betting that&rsqu...

Shares of Strategy, Coinbase, and Robinhood rally after the U.S. and Iran strike a tentative peace deal.