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Today β€” 21 November 2024U.S. Finance & Business
Yesterday β€” 20 November 2024U.S. Finance & Business

Robinhood Stock Enjoys Gains on Hopes of Trump Deregulation

20 November 2024 at 19:45
Robinhood Markets is proving to be a big winner from the post-election rally, as the brokerage that pioneered zero-commission trading and pushed into crypto is poised to benefit from President-elect Donald Trump’s light-touch approach to regulation. Robinhood stock is up about 45% since Election Day, putting it on track for its highest closing price in more than three years. Analysts expect the Trump administration’s crypto-friendly stance to benefit Robinhood, which was facing a potential legal fight with the Securities and Exchange Commission over its crypto business.
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