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Robinhood Launches 24/7 Trading and AI Agents to Rival Institutional Firms
finance10 days ago

Robinhood Launches 24/7 Trading and AI Agents to Rival Institutional Firms

Robinhood announced at its HOOD Summit in Houston that it is expanding trading hours to 24/7 for select U.S. equities starting next year and introducing AI-powered trading agents. The platform now offers crypto perpetual futures and automated tools powered by OpenAI and Anthropic models to its 29 million users. CEO Vlad Tenev stated the goal is to provide retail investors with capabilities previously reserved for hedge funds and quant firms, shifting competition from low costs to speed and automation.

via CNBC|
#ai-trading#crypto-perpetuals#finance
Meta's Muse AI triggers financial sector selloff, boosting Robinhood
business17 days ago

Meta's Muse AI triggers financial sector selloff, boosting Robinhood

Meta's new AI agent, Muse, has triggered a significant selloff in traditional financial services while boosting competitors like Robinhood. Schwab shares dropped 6% as investors fear AI will disrupt fee-based advisory models, while Robinhood hit a new high. The broader financial sector declined, with LPL Financial falling 7%. Muse, which can book travel and manage tasks, has downloaded over 2.5 million times since its September 8 launch, raising concerns about the disruption of 'consumer inertia' in banking, insurance, and travel.

via CNBC|
#ai-agents#business#charles-schwab
Tokenized stocks under SEC push could lift Coinbase, Robinhood, Circle, analysts say
finance20 days ago

Tokenized stocks under SEC push could lift Coinbase, Robinhood, Circle, analysts say

The SEC’s tokenized-stock framework could allow on‑chain trading of qualifying U.S. stocks via automated market makers while preserving shareholder rights. Goldman Sachs and Citizens say Coinbase stands to gain across custody, tokenization infrastructure, and its Base/stablecoin ecosystem; Robinhood may need to add rights and features to comply with US rules; Circle could benefit from increased USDC use for settlement and collateral. Traditional exchanges are unlikely to face immediate disruption due to trading caps and issuer opt‑outs, but more on‑chain stock tokens could broaden opportunities for these platforms over time.

via CoinDesk|
#circle#coinbase#finance
Rothera poised to boost Robinhood's prediction markets ahead of football season
business1 month ago

Rothera poised to boost Robinhood's prediction markets ahead of football season

Piper Sandler says Robinhood's Rothera, the CFTC-approved football-contract prediction market launched with Susquehanna, should lift volume ahead of NFL/NCAA football season as about 23% of Robinhood's prediction activity has shifted from Kalshi since June. The firm lifted its 2026–27 EPS targets and price to $145, and forecasts roughly 29.7 billion event contracts and about $320 million in revenue for September–December 2026 (roughly $960 million annualized). Rothera launched in June; Kalshi’s football share remains meaningful but less dominant than during past seasons.

via CNBC|
#business#football#kalshi
SoFi Edges Robinhood on Q2 Growth, Stock Dips on Guidance
finance2 months ago

SoFi Edges Robinhood on Q2 Growth, Stock Dips on Guidance

SoFi posted stronger Q2 growth than Robinhood, with revenue of $1.21B (up 43%), 15.8M members and SoFi Plus surpassing 200k subscribers, while Robinhood reported $1.31B in revenue (up 32%) and 28.4M funded customers. SoFi edged ahead on growth metrics, but both stocks slid after the report as SoFi kept EBITDA guidance flat and Robinhood faced crypto headwinds; year-to-date, SoFi is down ~42% and Robinhood down ~20%, though retail sentiment leaned bullish for both.

via Yahoo Finance|
#finance#fintech#growth
Robinhood backs plan to drop a little-known market price guardrail
markets3 months ago

Robinhood backs plan to drop a little-known market price guardrail

Robinhood is backing the SEC's plan to rescind Rule 611, the order-protection rule that requires brokers to respect the best public price (NBBO) across hundreds of venues. Robinhood argues the rule is outdated in a modern, multi-venue market and that brokers would still owe best execution. Critics like Themis Trading’s Joe Saluzzi warn that removing the bright-line rule could weaken the public quote as trading expands to off-exchange and tokenized stock venues.

via Yahoo Finance|
#best-execution#markets#nbbo
Robinhood’s Layoff Memo Frames Cuts as Performance-Driven to Boost Talent Density
business3 months ago

Robinhood’s Layoff Memo Frames Cuts as Performance-Driven to Boost Talent Density

Robinhood announced a 10% workforce reduction while insisting the business remains strong, framing the cuts as necessary to raise performance and increase “talent density” by trimming layers and focusing on top performers. Analysts say it’s a performance-based decision rather than a reaction to weak conditions, signaling a shift toward a leaner organization even as trading volumes hit records and crypto revenue declines, highlighting a broader industry trend of tying headcount to productivity goals.

via Business Insider|
#business#layoffs#lean-organization
Robinhood Prunes 10% of Workforce to Flatten Its Organization
business3 months ago

Robinhood Prunes 10% of Workforce to Flatten Its Organization

Robinhood announced a 10% workforce reduction as part of flattening its organizational structure to reduce bureaucracy and accelerate growth, with CEO Vlad Tenev saying the business is strong and that hiring will continue strategically while investing in frontier technologies; the company had about 2,900 full-time employees at end-2025, and while specific teams affected weren’t disclosed, the move aligns with the broader tech industry trend of flattening management layers to increase agility.

via Business Insider|
#business#great-flattening#layoffs
Robinhood trims 10% of staff, targets leaner operation with $28M restructuring hit
companies3 months ago

Robinhood trims 10% of staff, targets leaner operation with $28M restructuring hit

Robinhood is cutting about 10% of its workforce to flatten management and speed product development, with expected restructuring charges totaling $28 million—$20 million of cash severance and $8 million in stock-based compensation to be recognized in Q2 2026. The move follows weakness in its crypto business and general digital-asset contraction, though the company says it remains financially strong and will hire strategically in priority areas; it is also pursuing growth through the $180 million WonderFi acquisition and expansion into prediction markets.

via The Block|
#companies#crypto#layoffs
Robinhood trims about 290 jobs to streamline operations
business3 months ago

Robinhood trims about 290 jobs to streamline operations

Robinhood is cutting about 290 full-time roles (roughly 10%), aiming to flatten management and operate more efficiently, with about $28 million in restructuring costs. The company, which had about 2,900 employees, says the move accompanies its push to diversify beyond trading into a broader financial-services platform, supported by record June trading volumes.

via CNBC|
#business#fintech#layoffs
Oil climbs as markets eye Snowflake’s AWS deal and AI-driven moves
business4 months ago

Oil climbs as markets eye Snowflake’s AWS deal and AI-driven moves

Stock futures point to a mixed open as oil ticks higher on Iran tensions, Snowflake surges after a stronger quarter and an $6B AWS investment plus AI chip moves, JPMorgan signals potential acquisitions up to $20B in coming years, and Robinhood rolls out AI-powered trading tools for regular investors, with ongoing debates over EV strategies between Lamborghini and Ferrari.

via CNBC|
#business#jpmorgan#markets
Robinhood to Offer AI Agents for Automated Stock Trades
business4 months ago

Robinhood to Offer AI Agents for Automated Stock Trades

Robinhood announced plans to let customers use AI-powered trading agents to execute stock trades within its app, signaling a move toward AI-assisted investing and automation in consumer finance. The feature aims to attract and retain users by enabling automated, personalized decision-making, while trades remain subject to standard market rules and risk considerations.

via Forbes|
#ai#business#fintech