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		<title>Wall Street has its worst week since March 2020</title>
		<link>https://cincylink.com/2022/01/22/wall-street-has-its-worst-week-since-march-2020/</link>
					<comments>https://cincylink.com/2022/01/22/wall-street-has-its-worst-week-since-march-2020/#respond</comments>
		
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		<pubDate>Sat, 22 Jan 2022 13:17:18 +0000</pubDate>
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					<description><![CDATA[THE ASSOCIATED PRESS &#38; SCRIPPS NATIONAL — A tumultuous week of trading ended with stocks falling again on Friday. The S&#38;P 500 fell 1.9%, and notched its worst weekly performance since March 2020. The Dow Jones Industrial Average fell 1.3% and the Nasdaq lost 2.7%. This week alone, the Nasdaq suffered a 7.6% loss. According &#8230;]]></description>
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<p>THE ASSOCIATED PRESS &amp; SCRIPPS NATIONAL — A tumultuous week of trading ended with stocks falling again on Friday.</p>
<p>The S&amp;P 500 fell 1.9%, and notched its worst weekly performance since March 2020. The Dow Jones Industrial Average fell 1.3% and the Nasdaq lost 2.7%. </p>
<p>This week alone, the Nasdaq suffered a 7.6% loss. According to <a class="Link" href="https://www.cnbc.com/2022/01/20/stock-market-futures-open-to-close-news.html">CNBC</a>, the Nasdaq is off to its worst start to a year since 2008.</p>
<p>Technology and communications stocks fell Friday. Netflix plunged over 20% after the streaming service delivered another quarter of disappointing subscriber growth. </p>
<p>Inflation fears and concerns about the impact of higher interest rates have prompted a cautious shift in the broader market after a solid year of gains in 2021.</p>
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		<title>Nonprofit with similar name to Robinhood benefits from attention on stock trading app</title>
		<link>https://cincylink.com/2021/08/22/nonprofit-with-similar-name-to-robinhood-benefits-from-attention-on-stock-trading-app/</link>
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		<dc:creator><![CDATA[cincylink]]></dc:creator>
		<pubDate>Sun, 22 Aug 2021 05:18:37 +0000</pubDate>
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		<guid isPermaLink="false">https://cincylink.com/?p=31478</guid>

					<description><![CDATA[There's a silver lining for one nonprofit with the frenzy around the Robinhood stock trading app that's now facing dozens of lawsuits after the company restricted trading on GameStop. Robin Hood, an organization that has been fighting poverty in New York City for 32 years, is welcoming the new attention. The organization initially got confused &#8230;]]></description>
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<p>There's a silver lining for one nonprofit with the frenzy around the Robinhood stock trading app that's now facing dozens of lawsuits after the company restricted trading on GameStop.</p>
<p><a class="Link" href="https://www.robinhood.org/">Robin Hood</a>, an organization that has been fighting poverty in New York City for 32 years, is welcoming the new attention.</p>
<p>The organization initially got confused for the stock trading app on social media, which led to some angry comments directed at the nonprofit. But it has also led to an increase in donations when people realized the nonprofit's mission.</p>
<p>Their CEO, Wes Moore, says they've received hundreds of donations in the last few days from across 29 states.</p>
<p>“It’s also provided an opportunity for people just to learn more about the work, to learn more about why an organization like ours exists and why this issue of poverty, this issue of entrenched poverty in many ways is something that everyone should be spending and focusing their time,” said Moore.</p>
<p>The CEO says the last year has really shown the extent of the challenges we were already facing with poverty.</p>
<p>Robin Hood launched a relief fund during the pandemic that has been supporting social services in New York City and offering cash assistance.</p>
<p>“A core focus of our work is not just addressing the very human need right now, but it's also understanding the fact that the reason that we have such a significant human need oftentimes is because of holes in policies,” said Moore.</p>
<p>One policy they're advocating to change right now is the child tax credit. Some families are missing out on this, because their earnings are too low to qualify.</p>
<p>President Joe Biden’s stimulus proposal would fix this by expanding the credit for one year and making it fully refundable.</p>
<p>Robin Hood is also pushing for the credit to be permanent.</p>
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		<title>Robinhood lifts trading restrictions on all stocks including GameStop, AMC</title>
		<link>https://cincylink.com/2021/08/22/robinhood-lifts-trading-restrictions-on-all-stocks-including-gamestop-amc/</link>
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		<pubDate>Sun, 22 Aug 2021 05:08:56 +0000</pubDate>
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					<description><![CDATA[Robinhood lifts trading restrictions on all stocks including GameStop, AMC Updated: 3:51 AM EST Feb 5, 2021 Trading platform Robinhood lifted restrictions on trading shares of GameStop Corp. and AMC Entertainment Inc. late Thursday.“There are currently no temporary limits to increasing your positions,” Robinhood said on its website Thursday night.The news comes following a roller-coaster &#8230;]]></description>
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<p>Robinhood lifts trading restrictions on all stocks including GameStop, AMC</p>
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					Updated: 3:51 AM EST Feb 5, 2021
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					Trading platform Robinhood lifted restrictions on trading shares of GameStop Corp. and AMC Entertainment Inc. late Thursday.“There are currently no temporary limits to increasing your positions,” Robinhood said on its website Thursday night.The news comes following a roller-coaster period last week. Highly volatile trading of GameStop and other stocks erupted when amateur traders, many gathering on the Reddit forum r/wallstreetbets, took advantage of the heavy short selling on underdog stocks like GameStop, and invested heftily, spoiling short-seller's positions.Robinhood users became irate at the service, some even bringing lawsuits, when the trading platform restricted trading of 50 highly volatile stocks that were majorly shorted. Robinhood eased up on the restrictions Sunday, bringing that number down to eight. Still, GameStop and AMC remained on their list. The relaxing of restrictions comes as GameStop, AMC and other stock, once propped up by the hype of mass-investment, seem to be coming down.GameStop had a 500-share purchase limit earlier Thursday, and AMC had a 5,500-share limit.
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<p>Trading platform Robinhood lifted restrictions on trading shares of GameStop Corp. and AMC Entertainment Inc. late Thursday.</p>
<p>“There are currently no temporary limits to increasing your positions,” <a href="https://robinhood.com/us/en/support/articles/changes-due-to-recent-market-volatility/?region=US" target="_blank" rel="nofollow noopener">Robinhood said on its website</a> Thursday night.</p>
<p>The news comes following a roller-coaster period last week. Highly volatile trading of GameStop and other stocks erupted when amateur traders, many gathering on the Reddit forum r/wallstreetbets, took advantage of the heavy short selling on underdog stocks like GameStop, and invested heftily, spoiling short-seller's positions.</p>
<p>Robinhood users became irate at the service, some even bringing lawsuits, when the trading platform<a href="https://www.marketwatch.com/story/gamestop-amc-halted-after-a-minute-of-trading-as-shares-retreat-from-massive-gains-11611844823" target="_blank" rel="nofollow noopener"> restricted trading</a> of 50 highly volatile stocks that were majorly shorted. </p>
<p>Robinhood eased up on the restrictions Sunday, bringing that number down to eight. Still, GameStop and AMC remained on their list. </p>
<p>The relaxing of restrictions comes as GameStop, AMC and other stock, once propped up by the hype of mass-investment, seem to be coming down.</p>
<p>GameStop had a 500-share purchase limit earlier Thursday, and AMC had a 5,500-share limit.</p>
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