Robinhood puts up record revenue as volatility drives a trading bonanza
Prediction-market revenues on the popular trading app increased tenfold during the second quarter.
Similar Posts
ADP AI legal chief: CFOs take a ‘human in the loop’ approach
Helena Almeida was on the frontlines of Automatic Data Processing’s technology and artificial intelligence initiatives before generative AI burst onto the scene in late 2022. As an attorney on the payroll processing giant’s legal team, Almeida has long grappled with the many issues that AI in all its iterations has presented for both the company…
How AI is reshaping the economics of insurance
Over the past two decades, the global insurance industry has been treading water. Insurers have delivered steady growth in premiums, but operating leverage has eroded across property and casualty (P&C), life, and health (Exhibit 1). Gross written premiums have expanded at roughly 4.9 percent annually since 2005, reaching an estimated $8.3 trillion in 2025, yet…
Serent-backed Raintree acquires VC-backed healthcare AI firm Spike Technologies
Spike’s backers include Practica Capital, The Venture City, Plug & Play, Geek Ventures, CEAS Investments, and NVIDIA Inception Spike was founded in 2022 Raintree, which is backed by Serent Capital, has acquired Spike Technologies, a San Francisco-based developer of agentic AI voice technology for healthcare. No financial terms were disclosed.
Companies receiving tariff refunds, at least for now
The Trump administration is in the process of refunding tens of billions of dollars in tariffs to importers in the wake of a Supreme Court decision in February invalidating them, but the threat of further tariffs has clouded the picture for companies turning to their accountants for help. Processing Content The refunds are coming from…
Why Advisors Should Add Gold to Client Portfolios Now
(Bloomberg) — Got gold? If not, maybe this is the year to get some. While the last five months haven’t been great, with the price off by about 19%, look back over the last few decades and you will see that being a gold bug has been very much a winning strategy. Physical gold has…
Mideast oil may soon have no way out amid wars, but the crisis in refined products is even worse
Fighting across the oil-producing world is catching up with energy markets, which could soon be choked off by multiple chokepoints and shortages. Over the weekend, the U.S. and Iran have paused their attacks on each other in the Persian Gulf while they engage in diplomacy. Iran and Oman are also in separate talks to reopen…
