February 02, 2021 Biz in 60
Listen now
Description
Robinhood raises another $2.4B amid surge in trading Robinhood Markets has raised 2-point-4 billion dollars from shareholders in a bid to shore up its finances strained by turbulent trading. That's on the top of the 1 billion dollars it raised last week. The online brokerage has been at the centre of the boom in day trading, as retail investors bet against short sellers following calls on Reddit and other platforms. Energy giant BP reports first annual loss in decade BP has reported its first annual loss in a decade as the COVID-19 pandemic pushed oil and gas prices lower. The British energy giant slumped to a loss of 5-point-7- billion dollars.. down from a 10-billion dollar profit in 2019. Meanwhile, US rival ExxonMobil said it lost 22-point-4- billion dollars in 2020 on a writedown and losses in oil production. US tech billionaire buys flight into orbit with SpaceX US billionaire is buying an entire SpaceX flight for an undisclosed sum to take three people with him to circle the globe this year. Jared Isaacman, the founder of Shift4 Payments, says he wants to use the private trip to raise 200-million- dollars for an organisation that helps young cancer patients. The flight will bolster Elon Musk's efforts to make human spaceflights more common.
More Episodes
Turkey arrests dozens in Thodex crypto exchange fraud probe Turkish authorities are seeking a so-called 'red notice' from Interpol that would help them track down and arrest the founder of one of the country's biggest cryptocurrency exchanges, Thodex. Faruk Fatih Ozer, who's said to have fled to...
Published 04/23/21
Published 04/23/21
Turkey opens probe into cryptocurrency platform Thodex Turkish prosecutors have launched an investigation into Turkish cryptocurrency exchange platform, Thodex. That's after the exchange abruptly shut down while holding at least 2-billion dollars, leaving thousands of users unable to access their...
Published 04/23/21