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Robinhood Stock Drops 5% After S&P 500 Snub

Robinhood Stock Drops 5% After S&P 500 Snub

Robinhood shares fell sharply on Monday, tumbling more than 5% after the online brokerage was left out of the S&P 500 in the index’s latest quarterly rebalance. The decision ended weeks of speculation that Robinhood might secure a coveted spot in the benchmark...

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IRS Says Churches Can Endorse Political Candidates

IRS Says Churches Can Endorse Political Candidates

In a landmark shift, the Internal Revenue Service (IRS) has stated in a new federal court filing that churches may now endorse political candidates to their congregations without risking their tax-exempt status — a dramatic reinterpretation of the Johnson Amendment...

SoFi (SOFI) Stock Rises 7%

SoFi (SOFI) Stock Rises 7%

Shares of SoFi Technologies (NASDAQ: SOFI) surged 7% in early trading Tuesday following the announcement of a strategic partnership with Cashmere, a next-generation venture capital firm focused on making startup investing more accessible. Cashmere revealed that its...

Jeff Bezos Offloads $737M in Amazon Stock

Jeff Bezos Offloads $737M in Amazon Stock

Jeff Bezos recently sold 3.3 million shares of Amazon (AMZN), a transaction worth approximately $737 million as of June 30. The sale is part of an ongoing pattern in which the Amazon founder has steadily reduced his stake in the company he created. Bezos now owns...

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