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Robinhood cuts nearly a quarter of its staff as the pandemic darling loses its shine

People wait in line for T-shirts at a pop-up kiosk for the online brokerage Robinhood in New York City after the company went public on July 29, 2021. On Tuesday, the company said it was cutting nearly a quarter of its staff. Spencer Platt/Getty Images hide caption

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Spencer Platt/Getty Images

Business

Robinhood cuts nearly a quarter of its staff as the pandemic darling loses its shine

August 2, 2022 • Robinhood – the company that became a household name during the pandemic – is cutting staff, citing a deteriorating economy and worsening market.

Why Wall Street's top cop thinks it's time to get tough

U.S. Securities and Exchange Commission Chairman Gary Gensler testifies before the Senate Banking Committee on Sept. 14 in Washington, D.C. Gensler discussed his approach to the job in a recent interview with NPR. Bill Clark/Pool/Getty Images hide caption

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Bill Clark/Pool/Getty Images

Business

Why Wall Street's top cop thinks it's time to get tough

December 19, 2021 • In a recent interview with NPR, S.E.C. Chairman Gary Gensler says one of his top priorities is protecting amateur investors as his agency unveils a number of tough new rules and investigations.

Why Wall Street's top cop thinks it's time to get tough

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The Two-Way

Fraud Officials Are Investigating Sales That Caused Nutella Riots in France

January 30, 2018 • Drastic discounts on Nutella caused fights to break out in France last week. Investigators are now trying to determine if the sales broke trade laws.

9 People Accused In $30 Million Hacking And Insider-Trading Scheme

Authorities say several publicly traded companies, including Clorox, Caterpillar and Viacom, had press releases stolen and used to implement an insider-trading scheme. Spencer Platt/Getty Images hide caption

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Spencer Platt/Getty Images

The Two-Way

9 People Accused In $30 Million Hacking And Insider-Trading Scheme

August 11, 2015 • Federal authorities say hackers from Ukraine and securities traders in the U.S. teamed up to steal more than 150,000 confidential press releases before they became public information.