Top Stories

• Market Extra: Robinhood’s big day proves it’s the first meta–‘meme stock’ 4th August 2021
  After seeing trading in Robinhood get halted for volatility, thanks it part to a massive surge in social media interest, Robinhood has become beholden to its own product, but cynicism remains high.
• Earnings Results: Uber revenue doubles, but adjusted loss weighs on stock 4th August 2021
  Uber Technologies Inc. on Tuesday reported that it swung to a profit in the second quarter, and that gross bookings and revenue doubled year over year, but investors still drove its stock down in extended trading.
• Earnings Results: Booking stock gains after CEO says European travel rebounded, return to pre-pandemic performance is approaching 4th August 2021
  Booking Holdings Inc. exceeded $2 billion in quarterly sales for the first time since the beginning of the pandemic in a Wednesday earnings report, but losses exceeded expectations as the company waits for a stronger bounceback for travel amid the global pandemic.
• Earnings Results: Frontier Air swings to a GAAP profit, but sees fewer bookings amid COVID spike 4th August 2021
  Frontier Group Holdings Inc. shares rise more than 5% late Wednesday after the parent company of ultra low-cost air carrier Frontier Airlines reported its first GAAP quarterly profit as a public company and said demand for leisure travel continued to rise.
• The Moneyist: My husband and I are divorcing. I brought $35K into the marriage. He wants me to subtract that money from our home’s equity. I say split the equity first 4th August 2021
  ‘I honestly don’t know what the fairest way is as each one has very different outcomes. We’re trying to be civil and do this without attorneys.’
• Earnings Results: Roku tops earnings expectations but account growth comes up short 4th August 2021
  Roku Inc. delivered better-than-expected earnings and revenue Wednesday but its shares slipped in the extended session after active-account growth came up lighter than anticipated.