A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread more
"You need to understand that we're about to embark on the busiest week of the year for industrial earnings," CNBC's Jim Cramer says.Mad Money with Jim Cramerread more
Boston Federal Reserve President Eric Rosengren is lining up against an apparent push to cut interest rates, telling CNBC in an interview Friday that the central bank can...The Fedread more
The MTA reported that the 1, 2, 3, 4, 5 and 6 trains are all facing delays due to a network communications issue impacting service in both directions, NBC New York reports.Transportationread more
Companies aren't waiting for the U.S.-China trade war to be resolved, says the head of the world's biggest money manager.Investingread more
US officials including Treasury Secretary Steven Mnuchin and White House economic adviser Larry Kudlow will host a meeting at the White House on Monday of semiconductor and...Technologyread more
Trump's constant berating of the Fed and its actions does not influence the central bank's decisions, Boston Fed's Eric Rosengren says.The Fedread more
The lawsuits allege J&J's talc-based baby powder contained asbestos and caused ovarian and other cancers.Health and Scienceread more
Robinhood Markets, the company behind the popular stock trading app of the same name, is set to receive a capital injection valuing it at around $5.6 billion, The Wall Street Journal reported Thursday, citing sources familiar with the matter.
A group of investors led by Russian firm DST Global are close to finalizing an investment of about $350 million in the Palo Alto-based start-up, the Journal said, according to sources.
Robinhood declined to comment to CNBC.com. DST Global, which is headquartered in Hong Kong, did not immediately return a request for comment.
A $5.6 billion valuation would more than quadruple Robinhood's size and make the start-up worth just over a third of online brokerage E*Trade. In April 2017, DST led a $110 million funding round in Robinhood that valued the company at $1.3 billion.
Robinhood launched its commission-free stock trading app about three years ago. Last month, the company began rolling out trading of cryptocurrencies bitcoin and ethereum in five states through "Robinhood Crypto." The stock and cryptocurrency products combined now have more than 4 million users, which overwhelmingly fall into the "millennial" age category of roughly 18 to 35-year-olds.
Robinhood Financial and Robinhood Crypto are wholly-owned subsidiaries of Robinhood Markets, according to the company's website.
Coinbase, the leading U.S. marketplace for buying and selling major cryptocurrencies, has more than 10 million users and had a valuation of $1.6 billion in August.