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2021-01-30

Amc

Robinhood Raises $1 Billion in Dash for Cash After Trader Revolt

2021-01-30

Wow

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13:33","market":"sg","language":"en","title":"These 2 Nasdaq Stocks Hit All-Time Highs Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1168785023","media":"Nasdaq","summary":"Market volatility continued on Thursday, but in stark contrast to Wednesday's big plunge, the news w","content":"<p>Market volatility continued on Thursday, but in stark contrast to Wednesday's big plunge, the news was more positive. By 1:15 p.m. EST, the&nbsp;<b>Nasdaq Composite</b>(NASDAQINDEX: ^IXIC)was up 1.5%, and other major benchmarks saw similarly strong performance.</p><p>Once again, some high-profile stocks were subject to short squeezes, and many investors focused their entire attention on the wild swings that their share prices saw. Yet amid all the uproar, a couple of high-qualityNasdaq stocksmanaged to climb to all-time records. Far from being caused by market hype, both of these companies stand a good chance of holding onto their gains and even pushing further into record territory.</p><p>Sponsored LinksTrade the Impact of the US Election with IC Markets.IC Markets</p><p>A strong quarter for Big Softy</p><p>Shares of&nbsp;<b>Microsoft</b>(NASDAQ: MSFT)were up more than 3% on Thursday afternoon. The move sent the software giant's market capitalization above $1.8 trillion, and despite an impressive advance over the past year, many investors in Microsoft see further upside ahead.</p><p>Thegood news for Microsoftstarted earlier this week, when the company announced its fiscal second-quarter financial results. The numbers were strong, with revenue climbing 17% year over year and net income soaring by 33% from year-ago levels. Microsoft saw consistently good performance across almost its entire corporate footprint, as sales jumped double-digit percentages in the productivity and business processes, intelligent cloud, and more personal computing segments. As we've seen repeatedly in recent quarters, cloud growth stood out, with total revenue climbing 23% on a 26% rise in server products and cloud services sales.</p><p>Most investors believe that Microsoft's future lies in maximizing its growth in cloud computing. Microsoft Azure has picked up some key wins lately, most notably when&nbsp;<b>General Motors</b>(NYSE: GM)agreed to have Microsoft become a partner in its Cruise electric vehicle venture in exchange for giving Azure a prominent status with Cruise and GM. Yet Azure doesn't get the same recognition as&nbsp;<b>Amazon</b>'s Web Services division.</p><p>Microsoft has come a long way quickly, but its gains haven't been triggered by any short-term trading considerations. There are strong fundamentals underlying the stock, and that's why investors can feel confident aboutMicrosoft's chances to keep producing solid long-term returns.</p><p>A longtime fund giant with a modern approach</p><p>Digging even further into the little-followed realm, fund manager&nbsp;<b>T. Rowe Price</b>(NASDAQ: TROW)hit all-time highs Thursday, climbing more than 5%. The company had strong fourth-quarter results that showed how popular its fund offerings still are even as investing has changed dramatically.</p><p>T. Rowe Price's results show how lucrative the business still is. Net revenue jumped 18% to $1.73 billion, with net income soaring 44% to $783 million. That capped a surprisingly good year for the fund manager, as assets under management ended up rising 22% to $1.47 trillion. Strong markets played a big role in that, but the company also saw $2.2 billion in net inflows during the fourth quarter to support its business.</p><p>To keep up with the pace of transformation in the investing industry,T. Rowe Price has also jumped into the active ETF realm. Funds have had solid inflows even as many competitors struggle to remain viable. With ARK Invest having taken a lot of the mindshare in the active ETF space, it's encouraging to see T. Rowe Price's funds still gaining traction.</p><p>T. Rowe Price was a pioneer in investing in the technology industry, and that's given it an edge over more conservative peers among fund managers. The stock has been a solid performer, paying significant and growing dividends and giving shareholders long-term gains. That's a recipe for sustained growth well into the future.</p>","source":"lsy1603171495471","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>These 2 Nasdaq Stocks Hit All-Time Highs Thursday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThese 2 Nasdaq Stocks Hit All-Time Highs Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-29 13:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.nasdaq.com/articles/these-2-nasdaq-stocks-hit-all-time-highs-thursday-and-they-deserve-all-the-credit-2021-01><strong>Nasdaq</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Market volatility continued on Thursday, but in stark contrast to Wednesday's big plunge, the news was more positive. By 1:15 p.m. EST, the Nasdaq Composite(NASDAQINDEX: ^IXIC)was up 1.5%, and other ...</p>\n\n<a href=\"https://www.nasdaq.com/articles/these-2-nasdaq-stocks-hit-all-time-highs-thursday-and-they-deserve-all-the-credit-2021-01\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.nasdaq.com/articles/these-2-nasdaq-stocks-hit-all-time-highs-thursday-and-they-deserve-all-the-credit-2021-01","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168785023","content_text":"Market volatility continued on Thursday, but in stark contrast to Wednesday's big plunge, the news was more positive. By 1:15 p.m. EST, the Nasdaq Composite(NASDAQINDEX: ^IXIC)was up 1.5%, and other major benchmarks saw similarly strong performance.Once again, some high-profile stocks were subject to short squeezes, and many investors focused their entire attention on the wild swings that their share prices saw. Yet amid all the uproar, a couple of high-qualityNasdaq stocksmanaged to climb to all-time records. Far from being caused by market hype, both of these companies stand a good chance of holding onto their gains and even pushing further into record territory.Sponsored LinksTrade the Impact of the US Election with IC Markets.IC MarketsA strong quarter for Big SoftyShares of Microsoft(NASDAQ: MSFT)were up more than 3% on Thursday afternoon. The move sent the software giant's market capitalization above $1.8 trillion, and despite an impressive advance over the past year, many investors in Microsoft see further upside ahead.Thegood news for Microsoftstarted earlier this week, when the company announced its fiscal second-quarter financial results. The numbers were strong, with revenue climbing 17% year over year and net income soaring by 33% from year-ago levels. Microsoft saw consistently good performance across almost its entire corporate footprint, as sales jumped double-digit percentages in the productivity and business processes, intelligent cloud, and more personal computing segments. As we've seen repeatedly in recent quarters, cloud growth stood out, with total revenue climbing 23% on a 26% rise in server products and cloud services sales.Most investors believe that Microsoft's future lies in maximizing its growth in cloud computing. Microsoft Azure has picked up some key wins lately, most notably when General Motors(NYSE: GM)agreed to have Microsoft become a partner in its Cruise electric vehicle venture in exchange for giving Azure a prominent status with Cruise and GM. Yet Azure doesn't get the same recognition as Amazon's Web Services division.Microsoft has come a long way quickly, but its gains haven't been triggered by any short-term trading considerations. There are strong fundamentals underlying the stock, and that's why investors can feel confident aboutMicrosoft's chances to keep producing solid long-term returns.A longtime fund giant with a modern approachDigging even further into the little-followed realm, fund manager T. Rowe Price(NASDAQ: TROW)hit all-time highs Thursday, climbing more than 5%. The company had strong fourth-quarter results that showed how popular its fund offerings still are even as investing has changed dramatically.T. Rowe Price's results show how lucrative the business still is. Net revenue jumped 18% to $1.73 billion, with net income soaring 44% to $783 million. That capped a surprisingly good year for the fund manager, as assets under management ended up rising 22% to $1.47 trillion. Strong markets played a big role in that, but the company also saw $2.2 billion in net inflows during the fourth quarter to support its business.To keep up with the pace of transformation in the investing industry,T. Rowe Price has also jumped into the active ETF realm. Funds have had solid inflows even as many competitors struggle to remain viable. With ARK Invest having taken a lot of the mindshare in the active ETF space, it's encouraging to see T. Rowe Price's funds still gaining traction.T. Rowe Price was a pioneer in investing in the technology industry, and that's given it an edge over more conservative peers among fund managers. The stock has been a solid performer, paying significant and growing dividends and giving shareholders long-term gains. That's a recipe for sustained growth well into the future.","news_type":1},"isVote":1,"tweetType":1,"viewCount":296,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":316439815,"gmtCreate":1611942010037,"gmtModify":1704866456416,"author":{"id":"3574750700808584","authorId":"3574750700808584","name":"BlueEyes","avatar":"https://static.tigerbbs.com/9278306fe379ea32446725d452896712","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574750700808584","authorIdStr":"3574750700808584"},"themes":[],"htmlText":"Amc","listText":"Amc","text":"Amc","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/316439815","repostId":"1137182252","repostType":4,"repost":{"id":"1137182252","pubTimestamp":1611909009,"share":"https://ttm.financial/m/news/1137182252?lang=&edition=fundamental","pubTime":"2021-01-29 16:30","market":"sg","language":"en","title":"Robinhood Raises $1 Billion in Dash for Cash After Trader Revolt","url":"https://stock-news.laohu8.com/highlight/detail?id=1137182252","media":"Bloomberg","summary":"New York markets had just fired up, and the investing world was tuning in for Thursday’s episode of ","content":"<p>New York markets had just fired up, and the investing world was tuning in for Thursday’s episode of the continuing drama: Legions ofRobinhood Marketsinvestors versus hedge-fund Goliaths.</p><p>But within minutes, a shock wave invisible to the outside world rattled the mechanics of Wall Street -- sending Robinhood rushing for more than $1 billion of additional cash. The stock market’s central clearing hub had demanded large sums of collateral from brokerages including Robinhood that for weeks had facilitated spectacular jumps in shares such as GameStop Corp.</p><p>The Silicon Valley venture with the wildly popular no-fee trading app came to a crossroads. It reined in the risk to itself by banning certain trades and unwinding client bets -- igniting an outcry from customers and even U.S. political leaders. By that night, word was emerging that Robinhood had raised more than $1 billion from existing investors anddrawn hundreds of millions morefrom bank credit lines to weather the storm.</p><p>“Look, it is not negotiable for us to comply with our financial requirements and our clearinghouse deposits,” Robinhood Chief Executive Officer Vlad Tenev said in defending his firm’s decisions on Thursday in a Bloomberg Television interview. “We have to do that.”</p><p>The capital injection is “a strong sign of confidence from investors that will help us continue to further serve our customers,” a Robinhood spokesperson later said in an emailed statement. The money will allow the firm to “continue to invest in record growth.”</p><p>When the history of this month’s stock mania is written, it may be a story of how retail traders set out from Reddit message boards to challenge Wall Street’s status quo -- and ended up battering their beloved brokerage too.</p><p>For weeks, Robinhood, with a mission “to democratize finance for all,” has been their trading platform of choice as they inflictedbillions of dollars of losseson hedge funds by sending stocks that those firms had shorted into the stratosphere -- a sort-of populist crusade into the staid world of finance.</p><p>Robinhood’s trading restrictions made virtually nobody happy Thursday, except perhaps the hedge funds. In a surreal scene, political archenemies Alexandria Ocasio-Cortez and Ted Cruz found common ground in lashing the firm’s decisions. Conspiracy theories erupted online.</p><p>The question is whether such critics will dig into the industry’s inner workings, where pressure mounted on Robinhood and other firms to limit certain trades. That would put a rare spotlight on arcane parts of the market designed to prevent catastrophe, such as theDepository Trust &amp; Clearing Corp.</p><p>Not ‘Nefarious’What's moving marketsStart your day with the 5 Things newsletter.EmailBloomberg may send me offers and promotions.Sign UpBy submitting my information, I agree to thePrivacy Policyand&nbsp;Terms of Service.</p><p>One key consideration for brokers, particularly around high-flying and volatile stocks like GameStop, is in the money they must put up with the DTCC while waiting a few days for stock transactions to settle. Those outlays, which behave like margin in a brokerage account, can create a cash crunch on volatile days, say when GameStop falls from $483 to $112 like it did at one point during Thursday’s session.</p><p>“It’s not really Robinhood doing nefarious stuff,” said Bloomberg Intelligence analyst Larry Tabb. “It’s the DTCC saying ‘This stuff is just too risky. We don’t trust that these guys have the cash to be able to withstand settling these things two days from now, because in two days, who knows what the price could be, it could be zero.’”</p><p>The trouble on Thursday began around 10 a.m., when after days of turbulence, the DTCC demanded significantly more collateral from member brokers, according to two people familiar with the matter.</p><p>A spokesman for the DTCC wouldn’t specify how much it required from specific firms but said that by the end of the day industrywide collateral requirements jumped to $33.5 billion, up from $26 billion.</p><p>‘Rare Circumstances’</p><p>Brokerage executives rushed to figure out how to come up with the funds. Robinhood’s reaction drew the most public attention, but the firm wasn’t alone in limiting trading of stocks such as GameStop and AMC Entertainment Holdings Inc.</p><p>In fact,Charles Schwab Corp.’s TD Ameritrade curbed transactions in both of those companies on Wednesday.Interactive Brokers Group Inc.andMorgan Stanley’s E*Trade took similar action Thursday.</p><p>Thomas Peterffy, the billionaire chairman of Greenwich, Connecticut-based Interactive Brokers, told Bloomberg TV the restrictions were prompted by concerns “about the integrity of the marketplace and the system.”</p><p>E*Trade stressed that its measures were a highly unusual. “We take actions like this seriously, and only initiate them in rare circumstances,” said spokesman Thayer Fox, adding that he expected normal trading to resume Friday.</p><p>Robinhood said after markets closed that it plans to allow “limited buys” to resume in affected securities. It also tried to assuage customer concerns with an email that evening: “This was a temporary decision made to best continue serving you, and was not an easy one to make.”</p><p>Credit Lines</p><p>The firm has tapped at least several hundred million dollars from its bank credit lines, a person with knowledge of the situation said. The company’s lenders includeJPMorgan Chase &amp; Co.andGoldman Sachs Group Inc., according todatacompiled by Bloomberg. Representatives for Robinhood and those banks declined to comment.</p><p>Robinhood’s capital remains “strong,” CEO Tenev told Bloomberg TV, underscoring that the restrictions helped protect both the brokerage and its clients.</p><p>One question is whether frustrated customers will forgive what some see as a betrayal in their campaign against Wall Street’s financial elite.</p><p>Douglas Bray, a software developer from Connecticut who’s been using Robinhood for about five years, said he plans to withdraw about $100,000 after the trading restrictions.</p><p>“I’m disappointed I could not keep my money in GME like any institutional investor could,” said Bray, 32, referring to GameStop’s ticker. “Hedge funds are on the brink of a massive short squeeze and appear to be calling in all the cavalry. So brokers are now ‘protecting’ customers as a facade so that they can appease their institutional backers. The entire community is outraged.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood Raises $1 Billion in Dash for Cash After Trader Revolt</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood Raises $1 Billion in Dash for Cash After Trader Revolt\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-29 16:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-01-29/for-robinhood-a-dash-for-cash-after-traders-took-on-wall-street?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York markets had just fired up, and the investing world was tuning in for Thursday’s episode of the continuing drama: Legions ofRobinhood Marketsinvestors versus hedge-fund Goliaths.But within ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-01-29/for-robinhood-a-dash-for-cash-after-traders-took-on-wall-street?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-01-29/for-robinhood-a-dash-for-cash-after-traders-took-on-wall-street?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137182252","content_text":"New York markets had just fired up, and the investing world was tuning in for Thursday’s episode of the continuing drama: Legions ofRobinhood Marketsinvestors versus hedge-fund Goliaths.But within minutes, a shock wave invisible to the outside world rattled the mechanics of Wall Street -- sending Robinhood rushing for more than $1 billion of additional cash. The stock market’s central clearing hub had demanded large sums of collateral from brokerages including Robinhood that for weeks had facilitated spectacular jumps in shares such as GameStop Corp.The Silicon Valley venture with the wildly popular no-fee trading app came to a crossroads. It reined in the risk to itself by banning certain trades and unwinding client bets -- igniting an outcry from customers and even U.S. political leaders. By that night, word was emerging that Robinhood had raised more than $1 billion from existing investors anddrawn hundreds of millions morefrom bank credit lines to weather the storm.“Look, it is not negotiable for us to comply with our financial requirements and our clearinghouse deposits,” Robinhood Chief Executive Officer Vlad Tenev said in defending his firm’s decisions on Thursday in a Bloomberg Television interview. “We have to do that.”The capital injection is “a strong sign of confidence from investors that will help us continue to further serve our customers,” a Robinhood spokesperson later said in an emailed statement. The money will allow the firm to “continue to invest in record growth.”When the history of this month’s stock mania is written, it may be a story of how retail traders set out from Reddit message boards to challenge Wall Street’s status quo -- and ended up battering their beloved brokerage too.For weeks, Robinhood, with a mission “to democratize finance for all,” has been their trading platform of choice as they inflictedbillions of dollars of losseson hedge funds by sending stocks that those firms had shorted into the stratosphere -- a sort-of populist crusade into the staid world of finance.Robinhood’s trading restrictions made virtually nobody happy Thursday, except perhaps the hedge funds. In a surreal scene, political archenemies Alexandria Ocasio-Cortez and Ted Cruz found common ground in lashing the firm’s decisions. Conspiracy theories erupted online.The question is whether such critics will dig into the industry’s inner workings, where pressure mounted on Robinhood and other firms to limit certain trades. That would put a rare spotlight on arcane parts of the market designed to prevent catastrophe, such as theDepository Trust & Clearing Corp.Not ‘Nefarious’What's moving marketsStart your day with the 5 Things newsletter.EmailBloomberg may send me offers and promotions.Sign UpBy submitting my information, I agree to thePrivacy Policyand Terms of Service.One key consideration for brokers, particularly around high-flying and volatile stocks like GameStop, is in the money they must put up with the DTCC while waiting a few days for stock transactions to settle. Those outlays, which behave like margin in a brokerage account, can create a cash crunch on volatile days, say when GameStop falls from $483 to $112 like it did at one point during Thursday’s session.“It’s not really Robinhood doing nefarious stuff,” said Bloomberg Intelligence analyst Larry Tabb. “It’s the DTCC saying ‘This stuff is just too risky. We don’t trust that these guys have the cash to be able to withstand settling these things two days from now, because in two days, who knows what the price could be, it could be zero.’”The trouble on Thursday began around 10 a.m., when after days of turbulence, the DTCC demanded significantly more collateral from member brokers, according to two people familiar with the matter.A spokesman for the DTCC wouldn’t specify how much it required from specific firms but said that by the end of the day industrywide collateral requirements jumped to $33.5 billion, up from $26 billion.‘Rare Circumstances’Brokerage executives rushed to figure out how to come up with the funds. Robinhood’s reaction drew the most public attention, but the firm wasn’t alone in limiting trading of stocks such as GameStop and AMC Entertainment Holdings Inc.In fact,Charles Schwab Corp.’s TD Ameritrade curbed transactions in both of those companies on Wednesday.Interactive Brokers Group Inc.andMorgan Stanley’s E*Trade took similar action Thursday.Thomas Peterffy, the billionaire chairman of Greenwich, Connecticut-based Interactive Brokers, told Bloomberg TV the restrictions were prompted by concerns “about the integrity of the marketplace and the system.”E*Trade stressed that its measures were a highly unusual. “We take actions like this seriously, and only initiate them in rare circumstances,” said spokesman Thayer Fox, adding that he expected normal trading to resume Friday.Robinhood said after markets closed that it plans to allow “limited buys” to resume in affected securities. It also tried to assuage customer concerns with an email that evening: “This was a temporary decision made to best continue serving you, and was not an easy one to make.”Credit LinesThe firm has tapped at least several hundred million dollars from its bank credit lines, a person with knowledge of the situation said. The company’s lenders includeJPMorgan Chase & Co.andGoldman Sachs Group Inc., according todatacompiled by Bloomberg. Representatives for Robinhood and those banks declined to comment.Robinhood’s capital remains “strong,” CEO Tenev told Bloomberg TV, underscoring that the restrictions helped protect both the brokerage and its clients.One question is whether frustrated customers will forgive what some see as a betrayal in their campaign against Wall Street’s financial elite.Douglas Bray, a software developer from Connecticut who’s been using Robinhood for about five years, said he plans to withdraw about $100,000 after the trading restrictions.“I’m disappointed I could not keep my money in GME like any institutional investor could,” said Bray, 32, referring to GameStop’s ticker. “Hedge funds are on the brink of a massive short squeeze and appear to be calling in all the cavalry. So brokers are now ‘protecting’ customers as a facade so that they can appease their institutional backers. The entire community is outraged.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":235,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"idStr":"3527667803686145","authorIdStr":"3527667803686145"},"content":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","text":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","html":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation"}],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":316439815,"gmtCreate":1611942010037,"gmtModify":1704866456416,"author":{"id":"3574750700808584","authorId":"3574750700808584","name":"BlueEyes","avatar":"https://static.tigerbbs.com/9278306fe379ea32446725d452896712","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574750700808584","authorIdStr":"3574750700808584"},"themes":[],"htmlText":"Amc","listText":"Amc","text":"Amc","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/316439815","repostId":"1137182252","repostType":4,"repost":{"id":"1137182252","pubTimestamp":1611909009,"share":"https://ttm.financial/m/news/1137182252?lang=&edition=fundamental","pubTime":"2021-01-29 16:30","market":"sg","language":"en","title":"Robinhood Raises $1 Billion in Dash for Cash After Trader Revolt","url":"https://stock-news.laohu8.com/highlight/detail?id=1137182252","media":"Bloomberg","summary":"New York markets had just fired up, and the investing world was tuning in for Thursday’s episode of ","content":"<p>New York markets had just fired up, and the investing world was tuning in for Thursday’s episode of the continuing drama: Legions ofRobinhood Marketsinvestors versus hedge-fund Goliaths.</p><p>But within minutes, a shock wave invisible to the outside world rattled the mechanics of Wall Street -- sending Robinhood rushing for more than $1 billion of additional cash. The stock market’s central clearing hub had demanded large sums of collateral from brokerages including Robinhood that for weeks had facilitated spectacular jumps in shares such as GameStop Corp.</p><p>The Silicon Valley venture with the wildly popular no-fee trading app came to a crossroads. It reined in the risk to itself by banning certain trades and unwinding client bets -- igniting an outcry from customers and even U.S. political leaders. By that night, word was emerging that Robinhood had raised more than $1 billion from existing investors anddrawn hundreds of millions morefrom bank credit lines to weather the storm.</p><p>“Look, it is not negotiable for us to comply with our financial requirements and our clearinghouse deposits,” Robinhood Chief Executive Officer Vlad Tenev said in defending his firm’s decisions on Thursday in a Bloomberg Television interview. “We have to do that.”</p><p>The capital injection is “a strong sign of confidence from investors that will help us continue to further serve our customers,” a Robinhood spokesperson later said in an emailed statement. The money will allow the firm to “continue to invest in record growth.”</p><p>When the history of this month’s stock mania is written, it may be a story of how retail traders set out from Reddit message boards to challenge Wall Street’s status quo -- and ended up battering their beloved brokerage too.</p><p>For weeks, Robinhood, with a mission “to democratize finance for all,” has been their trading platform of choice as they inflictedbillions of dollars of losseson hedge funds by sending stocks that those firms had shorted into the stratosphere -- a sort-of populist crusade into the staid world of finance.</p><p>Robinhood’s trading restrictions made virtually nobody happy Thursday, except perhaps the hedge funds. In a surreal scene, political archenemies Alexandria Ocasio-Cortez and Ted Cruz found common ground in lashing the firm’s decisions. Conspiracy theories erupted online.</p><p>The question is whether such critics will dig into the industry’s inner workings, where pressure mounted on Robinhood and other firms to limit certain trades. That would put a rare spotlight on arcane parts of the market designed to prevent catastrophe, such as theDepository Trust &amp; Clearing Corp.</p><p>Not ‘Nefarious’What's moving marketsStart your day with the 5 Things newsletter.EmailBloomberg may send me offers and promotions.Sign UpBy submitting my information, I agree to thePrivacy Policyand&nbsp;Terms of Service.</p><p>One key consideration for brokers, particularly around high-flying and volatile stocks like GameStop, is in the money they must put up with the DTCC while waiting a few days for stock transactions to settle. Those outlays, which behave like margin in a brokerage account, can create a cash crunch on volatile days, say when GameStop falls from $483 to $112 like it did at one point during Thursday’s session.</p><p>“It’s not really Robinhood doing nefarious stuff,” said Bloomberg Intelligence analyst Larry Tabb. “It’s the DTCC saying ‘This stuff is just too risky. We don’t trust that these guys have the cash to be able to withstand settling these things two days from now, because in two days, who knows what the price could be, it could be zero.’”</p><p>The trouble on Thursday began around 10 a.m., when after days of turbulence, the DTCC demanded significantly more collateral from member brokers, according to two people familiar with the matter.</p><p>A spokesman for the DTCC wouldn’t specify how much it required from specific firms but said that by the end of the day industrywide collateral requirements jumped to $33.5 billion, up from $26 billion.</p><p>‘Rare Circumstances’</p><p>Brokerage executives rushed to figure out how to come up with the funds. Robinhood’s reaction drew the most public attention, but the firm wasn’t alone in limiting trading of stocks such as GameStop and AMC Entertainment Holdings Inc.</p><p>In fact,Charles Schwab Corp.’s TD Ameritrade curbed transactions in both of those companies on Wednesday.Interactive Brokers Group Inc.andMorgan Stanley’s E*Trade took similar action Thursday.</p><p>Thomas Peterffy, the billionaire chairman of Greenwich, Connecticut-based Interactive Brokers, told Bloomberg TV the restrictions were prompted by concerns “about the integrity of the marketplace and the system.”</p><p>E*Trade stressed that its measures were a highly unusual. “We take actions like this seriously, and only initiate them in rare circumstances,” said spokesman Thayer Fox, adding that he expected normal trading to resume Friday.</p><p>Robinhood said after markets closed that it plans to allow “limited buys” to resume in affected securities. It also tried to assuage customer concerns with an email that evening: “This was a temporary decision made to best continue serving you, and was not an easy one to make.”</p><p>Credit Lines</p><p>The firm has tapped at least several hundred million dollars from its bank credit lines, a person with knowledge of the situation said. The company’s lenders includeJPMorgan Chase &amp; Co.andGoldman Sachs Group Inc., according todatacompiled by Bloomberg. Representatives for Robinhood and those banks declined to comment.</p><p>Robinhood’s capital remains “strong,” CEO Tenev told Bloomberg TV, underscoring that the restrictions helped protect both the brokerage and its clients.</p><p>One question is whether frustrated customers will forgive what some see as a betrayal in their campaign against Wall Street’s financial elite.</p><p>Douglas Bray, a software developer from Connecticut who’s been using Robinhood for about five years, said he plans to withdraw about $100,000 after the trading restrictions.</p><p>“I’m disappointed I could not keep my money in GME like any institutional investor could,” said Bray, 32, referring to GameStop’s ticker. “Hedge funds are on the brink of a massive short squeeze and appear to be calling in all the cavalry. So brokers are now ‘protecting’ customers as a facade so that they can appease their institutional backers. The entire community is outraged.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood Raises $1 Billion in Dash for Cash After Trader Revolt</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood Raises $1 Billion in Dash for Cash After Trader Revolt\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-29 16:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-01-29/for-robinhood-a-dash-for-cash-after-traders-took-on-wall-street?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York markets had just fired up, and the investing world was tuning in for Thursday’s episode of the continuing drama: Legions ofRobinhood Marketsinvestors versus hedge-fund Goliaths.But within ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-01-29/for-robinhood-a-dash-for-cash-after-traders-took-on-wall-street?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-01-29/for-robinhood-a-dash-for-cash-after-traders-took-on-wall-street?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137182252","content_text":"New York markets had just fired up, and the investing world was tuning in for Thursday’s episode of the continuing drama: Legions ofRobinhood Marketsinvestors versus hedge-fund Goliaths.But within minutes, a shock wave invisible to the outside world rattled the mechanics of Wall Street -- sending Robinhood rushing for more than $1 billion of additional cash. The stock market’s central clearing hub had demanded large sums of collateral from brokerages including Robinhood that for weeks had facilitated spectacular jumps in shares such as GameStop Corp.The Silicon Valley venture with the wildly popular no-fee trading app came to a crossroads. It reined in the risk to itself by banning certain trades and unwinding client bets -- igniting an outcry from customers and even U.S. political leaders. By that night, word was emerging that Robinhood had raised more than $1 billion from existing investors anddrawn hundreds of millions morefrom bank credit lines to weather the storm.“Look, it is not negotiable for us to comply with our financial requirements and our clearinghouse deposits,” Robinhood Chief Executive Officer Vlad Tenev said in defending his firm’s decisions on Thursday in a Bloomberg Television interview. “We have to do that.”The capital injection is “a strong sign of confidence from investors that will help us continue to further serve our customers,” a Robinhood spokesperson later said in an emailed statement. The money will allow the firm to “continue to invest in record growth.”When the history of this month’s stock mania is written, it may be a story of how retail traders set out from Reddit message boards to challenge Wall Street’s status quo -- and ended up battering their beloved brokerage too.For weeks, Robinhood, with a mission “to democratize finance for all,” has been their trading platform of choice as they inflictedbillions of dollars of losseson hedge funds by sending stocks that those firms had shorted into the stratosphere -- a sort-of populist crusade into the staid world of finance.Robinhood’s trading restrictions made virtually nobody happy Thursday, except perhaps the hedge funds. In a surreal scene, political archenemies Alexandria Ocasio-Cortez and Ted Cruz found common ground in lashing the firm’s decisions. Conspiracy theories erupted online.The question is whether such critics will dig into the industry’s inner workings, where pressure mounted on Robinhood and other firms to limit certain trades. That would put a rare spotlight on arcane parts of the market designed to prevent catastrophe, such as theDepository Trust & Clearing Corp.Not ‘Nefarious’What's moving marketsStart your day with the 5 Things newsletter.EmailBloomberg may send me offers and promotions.Sign UpBy submitting my information, I agree to thePrivacy Policyand Terms of Service.One key consideration for brokers, particularly around high-flying and volatile stocks like GameStop, is in the money they must put up with the DTCC while waiting a few days for stock transactions to settle. Those outlays, which behave like margin in a brokerage account, can create a cash crunch on volatile days, say when GameStop falls from $483 to $112 like it did at one point during Thursday’s session.“It’s not really Robinhood doing nefarious stuff,” said Bloomberg Intelligence analyst Larry Tabb. “It’s the DTCC saying ‘This stuff is just too risky. We don’t trust that these guys have the cash to be able to withstand settling these things two days from now, because in two days, who knows what the price could be, it could be zero.’”The trouble on Thursday began around 10 a.m., when after days of turbulence, the DTCC demanded significantly more collateral from member brokers, according to two people familiar with the matter.A spokesman for the DTCC wouldn’t specify how much it required from specific firms but said that by the end of the day industrywide collateral requirements jumped to $33.5 billion, up from $26 billion.‘Rare Circumstances’Brokerage executives rushed to figure out how to come up with the funds. Robinhood’s reaction drew the most public attention, but the firm wasn’t alone in limiting trading of stocks such as GameStop and AMC Entertainment Holdings Inc.In fact,Charles Schwab Corp.’s TD Ameritrade curbed transactions in both of those companies on Wednesday.Interactive Brokers Group Inc.andMorgan Stanley’s E*Trade took similar action Thursday.Thomas Peterffy, the billionaire chairman of Greenwich, Connecticut-based Interactive Brokers, told Bloomberg TV the restrictions were prompted by concerns “about the integrity of the marketplace and the system.”E*Trade stressed that its measures were a highly unusual. “We take actions like this seriously, and only initiate them in rare circumstances,” said spokesman Thayer Fox, adding that he expected normal trading to resume Friday.Robinhood said after markets closed that it plans to allow “limited buys” to resume in affected securities. It also tried to assuage customer concerns with an email that evening: “This was a temporary decision made to best continue serving you, and was not an easy one to make.”Credit LinesThe firm has tapped at least several hundred million dollars from its bank credit lines, a person with knowledge of the situation said. The company’s lenders includeJPMorgan Chase & Co.andGoldman Sachs Group Inc., according todatacompiled by Bloomberg. Representatives for Robinhood and those banks declined to comment.Robinhood’s capital remains “strong,” CEO Tenev told Bloomberg TV, underscoring that the restrictions helped protect both the brokerage and its clients.One question is whether frustrated customers will forgive what some see as a betrayal in their campaign against Wall Street’s financial elite.Douglas Bray, a software developer from Connecticut who’s been using Robinhood for about five years, said he plans to withdraw about $100,000 after the trading restrictions.“I’m disappointed I could not keep my money in GME like any institutional investor could,” said Bray, 32, referring to GameStop’s ticker. “Hedge funds are on the brink of a massive short squeeze and appear to be calling in all the cavalry. So brokers are now ‘protecting’ customers as a facade so that they can appease their institutional backers. The entire community is outraged.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":235,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"idStr":"3527667803686145","authorIdStr":"3527667803686145"},"content":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","text":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. 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If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312339382,"gmtCreate":1612014752246,"gmtModify":1704866951162,"author":{"id":"3574750700808584","authorId":"3574750700808584","name":"BlueEyes","avatar":"https://static.tigerbbs.com/9278306fe379ea32446725d452896712","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574750700808584","authorIdStr":"3574750700808584"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/312339382","repostId":"1168785023","repostType":4,"isVote":1,"tweetType":1,"viewCount":296,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}