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Robinhood has 18 million accounts with $80 billion in assets after rapid growth, IPO filing shows

Robinhood Markets filed for one of the most anticipated initial public offerings of the year on Thursday, revealing rapid growth resulting in 18 million retail clients and more than $80 billion in customer assets. Unlike many recent IPOs, Robinhood was profitable last year, generating a net income of $7.45

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Beating pandemic: IIFL to hire 5,000 people, open 700 branches in FY22

Fairfax-backed is planning to open 700 branches in India’s small cities and towns this fiscal year, defying a popular perception that the pandemic has crippled the brick-and-mortar business model. The non-banking finance company will likely hire about 5,000 people to run these branches. The retail-focused lender obtained approval

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Krispy Kreme shares rise 23% despite disappointing pricing, opening trade

Krispy Kreme doughnuts go into production at the opening of the store at Harrods in London, Britain, October, 3, 2003.David Bebber | ReutersKrispy Kreme shares closed Thursday up more than 23% despite a disappointing opening trade for the company's return to the public markets.On Wednesday night, the doughnut chain

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Stocks making the biggest moves midday: Didi, Walgreens, ZipRecruiter and more

Pedestrians walk past a Walgreens store in New York.Michael Nagle | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading.Didi — Shares of the Chinese ride hailing company surged more than 14% in their second day of trading, rising back above $16 per share. The stock had

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Michael Burry reportedly says Reddit-favored meme stocks will crash as new money dries up

Michael Burry attends the "The Big Short" New York premiere at Ziegfeld Theater on November 23, 2015 in New York City.Jim Spellman | WireImage | Getty Images"The Big Short" investor Michael Burry believes Reddit-favored meme stocks are set to crash like the dot-com and housing market bubbles of previous

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UPI transactions surge to Rs 5.47 lakh crore in June

UPI enabled digital transactions surged 11.6 per cent month-on-month to Rs 5.47 lakh crore in June this year, NPCI data showed on Thursday. In May 2021, the UPI (unified payments interface) transactions stood at Rs 4.91 lakh crore. In terms of numbers, there were as many as 2.80 billion (280 crore)

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Investors see value stocks like banks leading the way in the second half, CNBC survey finds

Traders on the floor of the New York Stock Exchange.Source: NYSEWall Street investors believe inexpensive and economically sensitive stocks will retake the lead in the market in the second half of 2021, according to a new CNBC survey. As a part of CNBC's Quarterly Report, we polled about 100 chief

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