Robinhood’s Trivia Live game attracted nearly 400,000 players, offering $1 million in Bitcoin prizes through 12 finance and cryptocurrency questions. The game, hosted by Scott Rogowsky, saw a significant drop in participants, with only 1,210 reaching the final question. Following this event, Robinhood announced another trivia contest with $2 million in Bitcoin and Dogecoin prizes, including a session exclusively for Robinhood Gold members.
about Robinhood Trivia Game Attracts 400000 Players with Million Dollar Bitcoin Prizes
TSLA
U.S. Services Sector Growth Amid Concerns Over Trump Tariffs
U.S. services sector activity increased in February, with the Institute for Supply Management reporting an index rise to 53.5 from January’s 52.8, surpassing economists’ expectations of 52.9. This uptick comes amid ongoing concerns regarding the economic impact of President Trump’s tariffs.
about U.S. Services Sector Growth Amid Concerns Over Trump TariffsStocks Decline as Tariffs Spark Trade War Fears and Economic Concerns
Stocks fell for the second consecutive day as tariffs imposed by the Trump administration took effect, with the S&P 500 dropping 1.2% and wiping out nearly all gains since the November election. Canada and China retaliated with significant tariffs on U.S. goods, leading to a $3 trillion loss in market value. Major companies like GM, Ford, and Chipotle faced declines, while concerns about a softening economy and inflation expectations grew, prompting traders to anticipate multiple rate cuts from the Federal Reserve this year.
about Stocks Decline as Tariffs Spark Trade War Fears and Economic ConcernsStock Market Declines Amid Tariff Concerns and Economic Slowdown Fears
The S&P 500 experienced a significant decline, erasing all gains since President Trump’s election, as tariffs spooked investors. Target’s CEO warned of imminent price increases on popular items, while Best Buy’s stock plummeted 12% amid similar concerns. Tesla shares fell over 4.5% due to tariff fears impacting car prices and potential retaliation from China.
about Stock Market Declines Amid Tariff Concerns and Economic Slowdown FearsBitcoin Price Stabilizes Amid S&P 500 Recovery and Macroeconomic Concerns
Bitcoin’s price has stabilized around $83,000 amid macroeconomic uncertainty, with investors shifting towards cash and short-term government bonds. Despite a 16% correction since late February, derivatives markets indicate confidence in stability, while concerns about a potential recession and weak institutional demand persist. Legislative efforts at the state level to adopt Bitcoin into reserves continue, but the cryptocurrency’s recovery remains closely tied to traditional market sentiment.
about Bitcoin Price Stabilizes Amid S&P 500 Recovery and Macroeconomic ConcernsTrump Tariffs Spark Market Concerns and Inflation Predictions
President Trump’s recent tariffs on Canada, Mexico, and China are expected to push PCE inflation towards 3% in the latter half of the year, according to Capital Economics’ Paul Ashworth. The market’s negative reaction highlights concerns over potential further tariffs on the EU and specific sectors like semiconductors and agriculture.
about Trump Tariffs Spark Market Concerns and Inflation PredictionsStock Market Declines Amid Uncertainty Over Trump’s Economic Policies
U.S. stock markets faced a downturn in February, with major indexes like the Dow and S&P 500 down 2.3% and the Nasdaq down 4.8%, marking their worst month since late 2023. Investor confidence waned amid uncertainty surrounding President Trump’s economic policies, particularly aggressive tariffs, while Tesla saw a significant 28% drop in stock value, leading to a $360 billion loss in market capitalization. Despite the challenges, some analysts maintain a positive outlook for the S&P, predicting a potential 10% increase by year-end.
about Stock Market Declines Amid Uncertainty Over Trump's Economic PoliciesStocks Mixed as Nvidia Falls and Tariff News Emerges
Major U.S. stock indexes showed mixed results as investors reacted to Nvidia’s earnings report and President Trump’s tariff announcements. The Dow Jones rose 0.7%, while the S&P 500 remained flat and the Nasdaq fell 0.7%. Nvidia shares dropped 4% despite strong revenue growth, and other tech stocks also faced declines, with Salesforce down 2.5% after disappointing results. Meanwhile, Bitcoin rose to $85,500, and gold futures fell 1.5%.
about Stocks Mixed as Nvidia Falls and Tariff News EmergesUS Stock Market Declines Amid Shift to Cheaper Investments
US equities fell 1.9% last week, led by a 4% drop in consumer cyclical stocks, notably Tesla and Amazon, amid weak housing data and consumer sentiment. Despite this, stable Treasury yields indicate a sentiment-driven market rotation from expensive to cheaper stocks.Internationally, Developed Markets ex-US declined slightly by 0.2%, while Emerging Markets rose by 2%. Year-to-date, previously overlooked markets like the UK, China, and Germany have shown strong gains, highlighting the disconnect between market performance and geopolitical tensions.
about US Stock Market Declines Amid Shift to Cheaper InvestmentsTesla Market Cap Falls Below One Trillion Amid Stock Decline and Concerns
Tesla’s market cap has fallen below $1 trillion after shares dropped over 8%, marking a 25% decline this year. The downturn follows disappointing feedback on its automated driving features and concerns over CEO Elon Musk’s political activities, which have sparked protests and affected sales. Additionally, Tesla reported earnings that missed expectations, with a notable drop in automotive revenue and vehicle registrations in key markets.
about Tesla Market Cap Falls Below One Trillion Amid Stock Decline and ConcernsAsian markets mixed as Chinese shares rise amid Wall Street losses
Asian shares showed mixed results, with Chinese markets rising after Wall Street’s losses due to inflation and tariff concerns. The Hang Seng surged 2.5%, driven by tech stocks, while the Nikkei 225 fell 0.8%. U.S. consumer pessimism is growing, signaling potential economic challenges ahead.
about Asian markets mixed as Chinese shares rise amid Wall Street lossesRobinhood CEO Highlights Potential of Tokenizing Private Stocks with Blockchain
Robinhood CEO Vladimir Tenev highlighted the potential of tokenizing private stocks, noting the ease of creating cryptocurrencies compared to the cumbersome IPO process. He emphasized the need for regulatory clarity to facilitate trading of crypto-based securities, particularly for companies like OpenAI and SpaceX. Tenev’s comments come as Robinhood reported a record $1 billion in revenue, with significant contributions from cryptocurrency trading. For more details, visit [Bloomberg](https://www.bloomberg.com) and [SEC](https://www.sec.gov).
about Robinhood CEO Highlights Potential of Tokenizing Private Stocks with Blockchain