Latest news with #Canada-based
Yahoo
2 hours ago
- Business
- Yahoo
Robinhood's Global Push: Is Now the Time to Buy HOOD Shares?
Robinhood HOOD is expanding its desktop trading platform, Robinhood Legend, to the U.K., aiming to broaden its appeal among retail investors seeking more advanced trading tools. The move comes after the company introduced the platform to its U.S. customers in October Legend is a powerful, customizable, browser-based desktop trading platform designed specifically for active traders, available at no additional cost to all account holders. The platform comes with advanced charting, real-time data, synced layouts and powerful analysis tools. Users can trade U.S. stocks and options with low fees, manage positions easily and personalize their setup across multiple monitors for seamless, professional-grade earlier this month, HOOD announced an agreement to acquire Canada-based WonderFi Technologies Inc. in a C$250 million all-cash deal. The transaction aims to deepen the company's presence in the Canadian digital asset market. Besides granting regulatory footing in Canada, the transaction strengthens the company's position in a rapidly growing crypto market. These initiatives align with Robinhood's ambition to become a global player as the company looks to expand its presence beyond the Americas and Europe into the Asia-Pacific region. During its first Investor Day conference in December, the CEO, Vlad Tenev, mentioned that the company will set up a new office in Singapore in 2025, which will serve as HOOD's headquarters for the company plans to launch digital asset trading in Singapore following the completion of its $200 million acquisition of Luxembourg-based Bitstamp, a globally recognized cryptocurrency exchange. The deal will provide Robinhood with essential regulatory approvals, positioning the company to enter Singapore's expanding digital asset market. Robinhood became extremely popular among younger generations in early 2021, riding on the meme stock wave. Nonetheless, since its IPO in July 2021, a lot has happened on the business has evolved from a brokerage firm primarily trading in digital assets to a more mature and diversified entity, striving to widen its market and reach. Looking at the numbers, in 2021, HOOD majorly depended on transaction-based revenues (almost 75% of total revenues) to generate income. In 2024, this came down to nearly 56%. HOOD's 9-Quarter Total Net Revenue Trend Image Source: Robinhood Markets, Inc. Some other initiatives by Robinhood reflect its ambition to become a full-spectrum financial services provider. In March, the company launched Robinhood Strategies, Robinhood Banking and Robinhood Cortex, a suite of new features, to boost the wealth management offerings for its Robinhood Gold members. Further, it launched the prediction markets hub, allowing customers to trade on the outcomes of several major global events. Initially, the hub will be available across the United States through KalshiEX LLC, a Commodity Futures Trading Commission-regulated contracts gained traction when Robinhood launched them in October 2024, just before the U.S. Presidential elections. Similarly, Interactive Brokers IBKR has been actively expanding its event contract offerings to capitalize on rising demand. In April, it launched prediction markets in Canada. Like HOOD, it first introduced event contracts in October 2024, starting with the U.S. election in February, Robinhood acquired Gainesville, FL-based TradePMR, a custodial (having $40 billion in assets under administration) and portfolio management platform specializing in services for Registered Investment Advisors. The company gained immediate credibility and resources to cater to wealthier investors seeking advisory solutions. By foraying into the advisory space, the company now directly competes with established players like Charles Schwab SCHW and Fidelity in July 2024, Robinhood acquired Pluto Capital Inc. With the integration of Pluto's advanced capabilities, the company is set to revolutionize the investment experience for its users. Also, as part of a diversification effort, HOOD launched a credit card (expanding in the consumer finance space).Initiatives to change the revenue mix provide HOOD with solid leverage. The company intends to become a one-stop shop for building generational wealth. Sales Estimates Image Source: Zacks Investment Research Robinhood's focus on the cryptocurrency space, through increased tokenization, enhanced platform capabilities and expansion into EU markets, is expected to drive greater cost efficiency and revenue growth. The company is actively pursuing Markets in Crypto-Assets Regulation (MiCA) licenses, which would enable it to offer crypto services across the European Economic Area, expanding its reach to 27 planned acquisitions of Bitstamp and WonderFi align with this broader strategy. Bitstamp's core spot exchange, offering more than 85 tradable assets, will significantly strengthen Robinhood's crypto product suite. Meanwhile, WonderFi brings two of Canada's leading regulated crypto platforms — Bitbuy and Coinsquare — with more than C$2.1 billion in assets under custody. These acquisitions will enable Robinhood to provide trading, staking and custody the platform diversifies and enhances its offerings, Robinhood's cryptocurrency revenue is well-positioned for growth, supported by increasing investor interest in crypto as both a return-generating and diversification tool. Currently, Robinhood supports several major cryptocurrencies — Bitcoin, Ethereum, Dogecoin, Litecoin, Solana and Toncoin. Crypto Revenue Quarterly Trend Image Source: Robinhood Markets, Inc. In 2024, Robinhood announced a share buyback plan (for the first time) to repurchase up to $1 billion of its outstanding common stock. In April, the company increased its existing authorization by $500 million to $1.5 billion. As of April 30, 2025, approximately $833 million worth of shares remained available for repurchase. HOOD plans to complete the remainder of its total authorization over the next roughly two is on solid ground, with significant cash reserves. As of March 31, 2025, it reported cash and cash equivalents of $4.42 billion. Robinhood operates in a highly regulated industry and falls under the scrutiny of numerous authorities. This, thus, exposes the company to regulatory risks, resulting in hefty fines and restrictions that may affect its profitability. In March 2025, Robinhood's units agreed to pay $26 million to settle Financial Industry Regulatory Authority ('FINRA') allegations for failing to respond to red flags about potential misconduct and not verifying the identities of thousands of January 2025, the company agreed to pay a $45 million fine for violating more than 10 securities law provisions. In September 2024, the company faced a $3.9 million penalty to settle crypto withdrawal failures. In 2023, the company faced defeat in proceedings at the Massachusetts Supreme Judicial Court regarding the supervision of product features and marketing strategies and paid a fine of $7.5 fines have made investors cautious about the company's operations and internal control procedures. HOOD shares are having an impressive run on the bourses. This year, the stock has soared a whopping 71.7%, significantly outpacing the industry's growth of 7.6%. Also, it has fared better than its peers, Schwab and Interactive Brokers. HOOD's YTD Price Performance Image Source: Zacks Investment Research Over the past month, the Zacks Consensus Estimate for 2025 has remained unchanged at $1.22, while for 2026, it has been revised upward to $1.47. This reflects a bullish sentiment among analysts. Estimate Revision Trend Image Source: Zacks Investment Research The Zacks Consensus Estimate for HOOD's earnings implies 11.9% and 20.5% year-over-year growth in 2025 and 2026, the solid price performance, HOOD shares are currently trading at a massive premium to the industry. The company has a forward price-to-earnings (P/E) of 48.23X compared with the industry average of 13.57X. Price-to-Earnings F12M Image Source: Zacks Investment Research Similarly, Schwab and Interactive Brokers have forward P/E ratios of 19.06 and 28.83, respectively. Thus, HOOD is expensive compared with its peers, Robinhood's global expansion, strategic acquisitions, new product launches and diversification efforts will likely help it grow its market share and presence. Rising investor demand for cryptocurrency and solid liquidity are other concerns have been raised regarding increased regulatory oversight due to the blurred distinction between gambling and trading in the prediction markets hub. Also, foraying into the banking business amid intense competition keeps investors cautious about its success. Uncertainties related to tariffs pose a near-term risk. Hence, investors must keep an eye on macro developments and other headwinds and see how Robinhood is navigating the challenging times. Thus, the stock is a cautious bet for long-term investors, but they should be prepared for short-term present, Robinhood carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Charles Schwab Corporation (SCHW) : Free Stock Analysis Report Interactive Brokers Group, Inc. (IBKR) : Free Stock Analysis Report Robinhood Markets, Inc. (HOOD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 hours ago
- General
- Yahoo
Large helicopter to hover over Wachusett Mountain all day. Here's why
PRINCETON — With snow an afterthought, and with the aid of a helicopter, crews this week began installing a $20 million chairlift to the face of Wachusett Mountain. The existing four-passenger Polar Express will be replaced with a high-speed, six-passenger lift. The upgrade, which includes the mechanical system and towers, does not include a name change. Polar Express is a nod to the ski area's partner, Polar Beverages of Worcester. The four-passenger lift was installed in 1994. Wednesday, May 28, crews began moving construction supplies and chairlift components onto the mountain. A Canada-based helicopter was enlisted to transport large, heavy items from the ski area's parking lot to the slope. Workers on the ground connected the cargo to a cable that was attached to the helicopter. The effort includes the removal of existing equipment. The installation of the new lift is expected to be complete in time for the 2025-26 ski season. The lift was manufactured by an Austrian company, Doppelmayr. It will have the latest safety technology including auto-closing, self-locking restraining bars. More: High-speed, 6-passenger chairlift is headed to Wachusett Mountain This article originally appeared on Telegram & Gazette: Large helicopter to hover over Wachusett Mountain all day. Here's why
The Star
4 hours ago
- Business
- The Star
Taco trade? US leader challenges claim that ‘Trump always chickens out' in talks
US President Donald Trump pushed back Wednesday on a new acronym making the Wall Street rounds to describe a way to profit from his fitful negotiating style, Taco, short for 'Trump always chickens out'. Trump, who was evidently not aware of the term when asked about it in the Oval Office by a reporter, responded with equal parts sarcasm and indignation. The Taco trade refers to an investment strategy that benefits from the rise in share prices after the US president relents. 'Oh, isn't that nice. I've never heard that,' he said, referring to the term first coined by a Financial Times columnist. 'You mean because I reduced China from the 145 per cent that I said, down to 100, and then down to another number, and I said you have to open up your whole country?' 'And because I gave the European Union a 50 per cent tax tariff and they called up and they said, 'Please let's meet right now, please let's meet right now,'' he added. 'You call that chickening out?' Trump then asked rhetorically whether it would be better if he instead maintained tariff levels 'at a ridiculous high' like 145 per cent tariff imposed on China. 'We were doing no business because of the tariff, because it was so high. I knew that,' he said. 'It's called negotiation!' The former real estate developer then offered evidence that his rapid-fire negotiating style – which has paralysed companies, stymied consumers and roiled global markets – was working. He pointed to trillions of dollars in investments that countries in the Middle East pledged on his recent visit to that region. As he has in the past, Trump slammed the reporter, Megan Casella of CNBC, who asked the question: 'Don't ever say what you said,' the former reality show host said. 'That's a nasty question. To me, that's the nastiest question.' Analysts said use of the acronym could backfire if the president, fearful of looking weak, maintains exorbitant tariffs with China and others without relenting, further destabilising the global economy. 'Because President Trump believes himself to be a singularly skilled deal maker, he is sensitive to any suggestion that foreign counterparts are outmanoeuvring, even manipulating him, especially when it comes from one of the constituencies to which he pays closest attention: analysts on Wall Street,' said Ali Wyne of the International Crisis Group, a Belgium-headquartered think tank. 'He does not want to be seen as bending to President Xi Jinping,' Wyne added. 'Nor, however, does he want to face the political and economic fallout of an indefinite trade escalation with a strategic competitor that is far more capable of retaliating than when he first assumed the presidency.' The publicity could also undercut Wall Street's ability to profit on the 'taco trade' as the stock-rebound pattern becomes more apparent. 'The first rule of the taco trade is that you don't tell Trump about the taco trade,' said Peter Berezin of BCA Research, a Canada-based market research company. Investors have pointed to a pattern behind the Taco reference. Trump imposed 'reciprocal' tariffs on dozens of countries of up to 50 per cent on April 2, which he dubbed 'Liberation Day', before announcing a 90-day reprieve a week later during which the tariffs would be lowered to 10 per cent. He hit Chinese imports with successive waves of tariffs in April that eventually reached 145 per cent – prompting Beijing to respond with " title="" target="_self">125 per cent levies of its own – before dropping them to 30 per cent Even before US Treasury Secretary Scott Bessent and Chinese Vice-Premier He Lifeng sat down in Geneva to negotiate a tariff truce between their countries on May 10 and 11, Trump signalled he would accept a much lower level, indicating that 80 per cent 'seems right', leading analysts to suggest he was negotiating against himself. On Canadian goods, he threatened to impose 25 per cent tariffs, including on steel and aluminium, before announcing a one-month pause. And last week, he threatened to impose a 50 per cent tariff on the EU starting in June before announcing days later that he planned to delay the taxes until July 9, giving more time for the two sides to negotiate. 'These retreats are so frequent that investors should rationally expect them,' wrote Paul Donovan of UBS, a Switzerland-based bank, as stocks in Europe jumped on Monday. Tuesday, with US markets open again after a holiday, the S&P 500 saw its biggest increase in weeks, prompting Chris Beauchamp of IG Group, an online trading company, to observe: 'Taco trade triumphs once again.' Later on Wednesday after the Oval Office press conference, Trump reflected on the EU tariffs. 'They will say, 'Oh he was chicken, he was chicken, that's so unbelievable,'' the president said. 'I usually have the opposite problem. They say I am too tough.' Trump administration officials have framed his mercurial approach as a way to maximise leverage and force other countries to come to the negotiating table. But as the taco comment suggests, some investors have started to expect the president to back down on his more significant threats. Speaking later on CNBC, Casella said 'Wall Street loves an acronym', adding that 'the idea here is just that, yes, the markets will go down when he makes a threat, only to rebound, often even higher, once the threat is off the table'. As for Trump calling her question 'nasty', Casella said it was 'a badge of honour, I guess'. - South China Morning Post
Hindustan Times
9 hours ago
- Health
- Hindustan Times
Weight loss coach shares 20 vegetarian protein sources she ate to lose 40 kgs
Protein plays an important role when you are trying to lose weight. The nutrient helps you burn fat, keep lean muscle, use more calories to digest foods, and feel full, thus aiding your weight loss journey. While there are many sources of protein available for those who can eat non-vegetarian food items, including eggs, meat, and more, those who are vegetarian often struggle to find the right sources for themselves. Also Read | Man who lost 110 pounds shares 'best weight loss advice you have never heard of' Canada-based weight loss coach, Saachi Pai, who lost 40 kg, took to Instagram on April 2 to share 20 vegetarian protein options that can be eaten by vegetarians during their weight loss journey. She mentioned the foods and their protein content in the post. Also Read | Gastroenterologist shares 5 juices he 'drinks as a doctor for gut and liver health': Pomegranate to cranberry juice Sharing the 18 protein sources, Saachi wrote, 'I lost 40 kgs and one thing I get told is there isn't enough protein for vegetarians. So here are 20 different vegetarian protein options for you to eat.' Let's find out what they are: A post shared by Saachi Pai | Fitness & Wellness (@ Here are the vegetarian protein sources the weight loss coach recommended: 100 g of paneer has around 20 g of protein. 250 ml of milk has 9 g of protein. 50 g of toor dal has 11 g of protein. 100 g of tofu has 18 g of protein. 175 g of Greek yoghurt has 18 g of protein. 125 g of no-fat cottage cheese has 17 g of protein. 1 scoop of protein powder (30 g) has 27 g of protein. 3 cubes of cheese have 6 g of protein. As for low-fat cheese, 30 g has 6-7 g of protein. 1 cup of green peas has 8 g of protein. 125 ml of cooked kidney beans has 7 g of protein. 125 ml of cooked chickpeas has 6 g of protein. 125 ml of cooked haricot beans has 7 g of protein. 30 g of hemp heart has 10 g of protein. 30 g of fresh mozzarella has 7 g of protein. 30 g of light feta has 5 g of protein. 100 g of edamame has 12 g of protein. Saachi suggested picking a less-sugar variant with at least 12 g of protein. 30 g of Parmesan has 14 g of protein. She suggested opting for a vegetarian parmesan variant, which doesn't have rennet in it. If you are getting skim milk, 125 ml of it has 9 g of protein. 100 g of tempeh has 18 g of protein. Per the Cleveland Clinic, protein is a nutrient that plays an essential role in building and maintaining the health of your body, including your muscles, skin, and bones. It's also an important part of your diet when it comes to achieving or maintaining a healthy weight. Note to readers: This article is for informational purposes only and not a substitute for professional medical advice. Always seek the advice of your doctor with any questions about a medical condition.
Yahoo
16 hours ago
- Business
- Yahoo
Power enclosure maker AVL to establish its first US plant
This story was originally published on Manufacturing Dive. To receive daily news and insights, subscribe to our free daily Manufacturing Dive newsletter. Canada-based AVL Manufacturing has agreed to invest $56 million to establish its first U.S. production facility in Charlotte, North Carolina, to make industrial enclosures for large-scale power generators. The 232,000-square-foot plant, expected to open in September, will create about 300 jobs for the area, according to AVL. Hiring is set to begin in June. AVL's custom enclosures are part of a growing market segment in North America, fueled by the proliferation of data centers to meet surging artificial intelligence demand. Industrial enclosures are often used by technology companies to protect their generator sets — also known as 'gensets' — from weather, dust and other environmental factors. Data centers rely on these enclosures for their backup power. The global genset market was valued at $66.84 billion last year and is projected to cross $130.8 billion by 2037 due to increasing demand for power, according to Research Nester, a market research group based in New York City. The North American market is likely to account for 45% of global revenue in the next 12 years, driven by the huge number of data centers across the continent, according to Research Nester. These data centers, which support cloud computing and internet connectivity, consume roughly 10 times more power than the average American household. Some of the major players in the U.S. market are Schneider Electric, Emerson Electric Co. and Hubbell Inc. Additionally, Switzerland-based ABB recently pledged to invest $120 million in two U.S. manufacturing sites. It has a strong relationship with China, previously landing a contract to make genset enclosures for the country's largest shipping company. AVL, headquartered in Hamilton, Ontario, is expanding into the United States as chipmakers, drug companies and others pledge to expand or relocate their operations domestically in the face of volatile tariffs. 'After considering many markets, we are thrilled that AVL's entrance into the US market is in Charlotte, a vibrant, tech-forward city perfect for us to lay down roots,' AVL President Vince DiCristofaro said in a statement. 'We are excited to tap into this talent pool as we establish our state-of-the-art manufacturing facility and create meaningful careers for the residents of this city.' The company established its AVL USA division as part of the move. It will receive a performance-based grant of $100,000 from the One North Carolina Fund, after creating 122 jobs in the Charlotte area, according to the state's commerce department. The average salary for those jobs will be about $90,000 compared to the average Mecklenburg County wage of $86,830. Recommended Reading Samsung to acquire cooling systems provider FläktGroup to meet data center demand Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
