2021-05-06 22:00:00

A $25 billion dogecoin whale lurks, but Robinhood CEO says ‘we don’t have significant positions in any of the coins we keep’


Vlad Tenev, CEO of Robinhood Markets, speaking at a “fireside chat” on Thursday, attempts to dispel any lingering speculation that the brokerage may be a so-called dogecoin whale, maintaining a massive stockpile of the crypto for its own benefit. See full story.

Peloton posts unexpected loss, stock falls in late trading

Peloton Interactive Inc. sales more than doubled in the first three months of the year, but the company reported a surprising loss for the period Thursday amid difficulties with delivering products during a pandemic surge in demand. See full story.

Meme stocks and Archegos episodes highlight need for greater hedge fund transparency, Fed financial stability report says

Several recent episodes including “meme stocks” and Archegos Capital Management clearly show how risky and opaque transactions among non-banks can transmit stress into the financial system, the Federal Reserve said Thursday. See full story.

The divorce of Bill and Melinda Gates will grab attention — but there are some things everyone should know about ending a long marriage

Gray divorce is common, and Americans must safeguard their financial futures See full story.

The best way to have plenty of money in retirement

You’ll have more money to spend, more to leave to your heirs and more peace of mind See full story.


‘I felt wrong going on a trip that had been funded indirectly by others. In my world, one should not resort to GoFundMe until they have exhausted all other reasonable options.’ See full story.

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