Robinhood's second-quarter revenue soars by more than 131% warns that third-quarter results may slow down nearly 4% after hours
Robinhood, an American online brokerage known as the "retail stronghold", reported its first quarterly results after its listing. Thanks to a surge in cryptocurrency transactions, the company's revenue more than doubled in the second quarter compared with the same period a year earlier. Robinhood reported second-quarter revenue of $565 million, up more than 131% from $244 million in the same period last year and close to the high end of the company's forecast range of $546 million to $574 million. Robinhood posted a second-quarter net loss of $502 million, or $2.16 per share, in the company's forecast of 487 million-
The number of first-time applications for unemployment benefits in the United States fell to a new low during the COVID-19 epidemic.
The number of US first-time jobless claims fell to its lowest level since the COVID-19 outbreak last week, suggesting that unemployment is falling as the business environment improves and companies' willingness to hire picks up. Initial jobless claims fell 26000 to 360000 in the week ended July 10, according to data released by the Labor Department on Thursday. Economists surveyed by Bloomberg had a median estimate of 350000. The figure is in line with a broad recovery in the US economy, a return to full use of capacity by companies, and a surge in demand for travel and leisure. In spite of this, the number of people applying for unemployment benefits for the first time is still higher than that before the epidemic, and it is still difficult for employers to recruit people.
Federal Reserve Beige Book: us economy continues to recover and Price increases are above average
Overall US economic activity strengthened further from the end of May to early July, showing moderate to strong growth, according to the Fed's beige book survey released on Wednesday. Prices rose at an "above-average rate", with strong price growth reported in seven regions and a slight increase in the rest. According to the report, 3/4 of the regions reported slight or moderate employment growth, while the rest reported moderate or strong employment growth. The average wage growth rate was moderate, and low-wage workers received higher-than-average wage increases. According to the report, district contacts reported that it was uncertain whether the higher inflation would subside soon. "
Nestlé admits more than 60% of its traditional food and drink products are “unhealthy”
According to an internal document from Nestlé, the company admits that more than 60% of the traditional packaged food and drink products it produces do not meet internationally recognized health standards. “Some of our categories and products will never be 'healthy', no matter how many improvements we make,” the company said in a report that's only reviewed by its executives. Nestle CEO Mark Schneider (Mark Schneider) said in an interview in September last year that the company is continuing to invest in health products, but “candy and chocolate meet deep human needs and will continue to exist.” What Nestlé calls “health
Zuo Hui, founder of shell, died of unexpectedly worsening illness.
Shell announced that the company announced with deep grief that its founder and chairman, Mr. Zuo Hui, died on May 20, 2021 due to an unexpected deterioration of his illness. The original text of the announcement: today is very sad. Zuo Hui, founder and chairman of Shell, left us because of illness. Shell has lost a founder who laid the foundation of our cause and mission, and the housing industry has lost a leader who has been exploring and innovating all the time. From Lianjia to the shell, we are extremely fortunate to work with Zuohui, work hard together and promote the progress of the industry together. We have lost a close partner and wise teacher. Zuohui once said: the Enterprise Classic of our time
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