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El-Erian: Robinhood is a reminder that 'you have no friends on Wall Street'

Video Credit: Bleacher Report AOL - Duration: 02:20s - Published
El-Erian: Robinhood is a reminder that 'you have no friends on Wall Street'

El-Erian: Robinhood is a reminder that 'you have no friends on Wall Street'

Robinhood’s restrictions on trading for retail investors during the GameStop frenzy have stirred up a firestorm of controversy.

Mohamed El-Erian, Chief Economic Adviser at Allianz, tells CNN BusinessAlison Kosik what the future of trading will look like after Reddit’s rally around $GME.


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💡 newsR Knowledge: Other News Mentions

Mohamed A. El-Erian Mohamed A. El-Erian

Mohamed El-Erian's take on crypto investing [Video]

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Allianz Chief Economic Adviser Mohamed El Erian says rising government bonds yields have sent investors into bitcoin. He weighs in on the pros and cons of investing in cryptocurrency.

Credit: Bleacher Report AOL    Duration: 04:16Published

Robinhood (company) U.S.-based financial services company

Ice Cube sues Robinhood for using his likeness in newsletter [Video]

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The image in question was posted on March 8 and featured a still shot of Ice Cube and John C. McKinley from their 2007 film, ‘Are We Done Yet?’.

Credit: Cover Video STUDIO    Duration: 01:11Published
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Credit: Bleacher Report AOL    Duration: 01:37Published
Robinhood, hedge fund chiefs face irate questions at hearing [Video]

Robinhood, hedge fund chiefs face irate questions at hearing

The head of trading app Robinhood and Wall Street hedge fund managers on Thursday fielded a barrage of questions in the U.S. Congress about their role in the GameStop trading frenzy, at times being cut off by irate lawmakers. This report produced by Lisa Bernhard.

Credit: Reuters Studio    Duration: 02:51Published
‘Innate conflict’ in Robinhood’s model -Rep. Casten [Video]

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During a Democratic-led House finance hearing, Congressman Sean Casten grilled Vlad Tenev, the CEO of online brokerage app Robinhood, citing an incident where one of its customers took his own life after believing he incurred a large loss using the free trading app.

Credit: Reuters Studio    Duration: 02:00Published

Wall Street Wall Street Street in Manhattan, New York

Equity indices trade flat, Infosys drops 3.8 pc [Video]

Equity indices trade flat, Infosys drops 3.8 pc

Equity benchmark indices traded flat during early hours on April 15 amid an interplay of resurgence in COVID-19 cases and the pace of vaccination. Investors tracked updates on the vaccines approval and prediction of a normal monsoon season across the country despite mixed global cues. At 10:15 am, the BSE S and P Sensex was down by 204 points or 0.42 per cent at 48,340 while the Nifty 50 edged lower by 40 points or 0.28 per cent to 14,465. Nifty metal rose by 1.5 per cent and pharma by 1.1 per cent. But all other sectoral indices at the National Stock Exchange were in the red. Among stocks, IT software major Infosys dropped by 3.6 per cent to Rs 1,344.40 per share after reporting a 2.3 per cent sequential decline in consolidated profit at Rs 5,076 crore for the quarter ended March. Traders booked profit even as the company board approved a buyback of equity shares through open market route amounting to Rs 9,200 crore at a price not exceeding Rs 1,750 a share, Grasim lost by 3.2 per cent, Eicher Motors by 3.1 per cent, Mahindra and Mahindra by 2.8 per cent, Maruti Suzuki by 1.7 per cent and Bajaj Finance by 1 per cent. However, pharma major Cipla rose by 3.3 per cent to Rs 914.70 per share. The other prominent gainers were Sun Pharma, Dr Reddy's, Hindalco, Tata Steel, Wipro and Adani Ports. Meanwhile, Asian shares were on the backfoot following mixed cues from Wall Street where a sharp sell-off in the largest bitcoin exchange Coinbase hit tech shares.

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Coinbase Global, the world's largest cryptocurrency exchange, staged a banner stock market debut on Wednesday, in an auspicious moment for the emerging cryptocurrency world. Conway G. Gittens has the details.

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Wall Street firms move to ease employee burn-out [Video]

Wall Street firms move to ease employee burn-out

Goldman Sachs, Jefferies and Citigroup are responding to the mental health pressure facing employees. CNN’s Clare Sebastian reports.

Credit: Bleacher Report AOL    Duration: 03:32Published
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With all this volatility, how do you assess the risk vs. reward of getting into a red hot stock market?

Credit: ABC Action News    Duration: 04:34Published

GameStop American video game retailer

GameStop Shares Surge Again in Premarket Trading [Video]

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On Feb. 25, the stock climbed over 70% before markets opened.

Credit: Cover Video STUDIO    Duration: 00:52Published
Watch lawmakers grill Robinhood's CEO [Video]

Watch lawmakers grill Robinhood's CEO

At the House Financial Services Committee hearing on GameStop, lawmakers aimed some of their harshest questions at Robinhood CEO Vlad Tenev.

Credit: Bleacher Report AOL    Duration: 03:06Published
'I am not a cat' -investor, known on YouTube as Roaring Kitty [Video]

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Keith Gill, a Reddit user and YouTube streamer known as Roaring Kitty who promoted his investment in GameStop, gave testimony in a Congressional hearing on Thursday.

Credit: Reuters Studio    Duration: 02:10Published

Alison Kosik

Rising bond yields trigger Wall Street sell-off [Video]

Rising bond yields trigger Wall Street sell-off

Government bond yields are on the rise, signaling expectations for higher interest rates down the line. CNN’s Alison Kosik explains what this means for investors.

Credit: Bleacher Report AOL    Duration: 01:31Published

Reddit Reddit Social news aggregation, web content rating, livestreaming, and discussion platform

'We don't answer to hedge funds' -Robinhood CEO [Video]

'We don't answer to hedge funds' -Robinhood CEO

Robinhood CEO Vlad  Tenev on Thursday defended the online brokerage app's actions during the recent Reddit rally in shares of GameStop, saying: "Robinhood Securities put the restrictions in place in an effort to meet increased regulatory deposit requirements, not to help hedge funds. We don't answer to hedge funds. We serve the millions of small investors who use our platform every day to invest."

Credit: Reuters Studio    Duration: 01:46Published

Allianz Allianz


CNN Business US financial information website

Barry's CEO: It's 'crazy' gyms got no government support [Video]

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Joey Gonzalez, CEO of Barry’s, tells CNN Business how the fitness industry has struggled during the pandemic and warns that 25% of gyms in its marketplace could close.

Credit: Bleacher Report AOL    Duration: 01:09Published
Dick Parsons: Georgia law is a bald-faced attempt to suppress Black vote [Video]

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In an interview with CNN Business’ Matt Egan, former Time Warner CEO Dick Parsons says Georgia’s restrictive voting law is “bone-headed” and corporate America had a responsibility to respond.

Credit: Bleacher Report AOL    Duration: 02:47Published
Patrick Soon-Shiong: We have to recognize racism and 'break it' [Video]

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Billionaire businessman and surgeon Patrick Soon-Shiong tells CNN Business’ Matt Egan why he’s heartbroken by recent acts of racism against Asians.

Credit: Bleacher Report AOL    Duration: 04:04Published
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Heather Simpson had a following online due to her anti-vaccine beliefs. Now, she worries the anti-vaccine misinformation she promoted hurt other children. She explains her change of heart to CNN Business’ Donie O’Sullivan.

Credit: Bleacher Report AOL    Duration: 05:21Published
Scaramucci blasts Republicans for not supporting Biden's rescue plan [Video]

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Anthony Scaramucci sat down with CNN Business’ Matt Egan to discuss President Biden’s $1.9 trillion rescue plan and offer his advice on how to invest in Bitcoin.

Credit: Bleacher Report AOL    Duration: 03:07Published