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‘Inexcusable, Vile’: AMC Chief Executive Slams Robinhood Stock Tokens
The Wall Street Journal16d agoneutral
‘Inexcusable, Vile’: AMC Chief Executive Slams Robinhood Stock Tokens

AMC Entertainment chief executive Adam Aron criticized Robinhood Markets' Vlad Tenev on X after the broker launched AMC stock tokens. AMC is among more than 190 companies and ETFs that are now linked to tokens registered by a Robinhood subsidiary on an island roughly 3,000 miles from the U.S. "This quasi-fake market you are creating on the island of Jersey sows distrust amongst the public about financial markets in general," Aron wrote.

Week’s Best: Vanguard’s Important Anniversary
Barrons.com16d agoneutral
Week’s Best: Vanguard’s Important Anniversary

Fifty years ago this Monday, Jack Bogle’s Vanguard launched its First Index Investment Trust, now known as the Vanguard 500 Index Fund. Passive index funds like the Vanguard 500 Index fund are how many investors invest today—as of 2024, there are more assets in passive funds than actively managed ones, according to Morningstar. For this week’s Big Q feature, we queried four wealth management leaders about what the elections could mean for markets.

Lululemon Falls on China Business; Tesla Cybercab Service | Stock Movers
Bloomberg16d agobearishVIDEO
Lululemon Falls on China Business; Tesla Cybercab Service | Stock Movers

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.