WASHINGTON D.C. — In a move that signals a seismic shift for American capital markets, Securities and Exchange Commission (SEC) Chair Paul S. Atkins met with Goldman Sachs (NYSE: GS) CEO David Solomon this week to finalize a strategic roadmap for what many are calling the "Great IPO Wave of
Shares of financial services company Robinhood (NASDAQ:HOOD)
jumped 6.8% in the morning session after the stock rebounded from a recent sell-off that was triggered by its fourth-quarter earnings report, which missed revenue expectations.
Between a new CFO, a $100 million‑run‑rate prediction exchange acquisition that already processes roughly a third of U.S. retail contracts, and upgrades like Wolfe Research’s $125 target, HOOD offers hefty upside if earnings keep compounding.
The U.S. labor market threw a curveball at Wall Street on Wednesday, February 11, 2026, as the January Jobs Report revealed a surprising burst of hiring that fundamentally reshaped the outlook for interest rate cuts this year. Nonfarm payrolls surged by 130,000, nearly doubling the consensus estimate of
Shares of financial services company Robinhood (NASDAQ:HOOD)
fell 8.5% in the morning session after the company reported fourth-quarter financial results that missed revenue expectations, driven by a sharp decline in cryptocurrency trading activity. While Robinhood's total revenue grew 27% year-over-year to about $1.28 billion, it fell short of analysts' forecasts, which were closer to $1.34 billion. The main cause of the shortfall was a significant 38% drop in revenue from crypto transactions, which landed at $221 million for the quarter. This decline was linked to weaker trading volumes in the crypto market. Although the company's earnings per share of $0.66 beat expectations, investors appeared to focus more on the revenue miss and the slowdown in the crypto business, which had been a key area of activity for the trading platform.
