Hannah Aaron Lang
đ€ SpeakerAppearances Over Time
Podcast Appearances
And if that trade continues, stocks like Walmart could continue to benefit.
So far this year, the stock is up more than 20%.
And in the world of digital assets, the crypto winter has dragged on.
That's impacting companies that even recently were some of the stars of the stock market.
Shares of Robinhood Markets ended the week down 8.3%.
It's a pretty steep fall from grace for Robinhood.
Last year, the company was one of the top-performing members of the entire S&P 500 index.
But the decline in cryptocurrency prices has hit them hard.
On its earnings call this past week, Robinhood executives said crypto transaction revenue was down 38% from a year ago.
Shares of the online brokerage sank nearly 9% the following day and are down more than 30% this year.
And now you know what's news in markets this week.
Today's show was produced by Alexis Moore with supervising producer Melanie Roy.
I'm Hannah Aaron Lang.
Have a great weekend and we'll see you next Saturday.
And what a shaky trading debut it was.
In fact, the worst trading debut for a US IPO of its size.