SEC Chair Gensler to resign

In a major victory for the crypto industry and its growing army of lobbyists, SEC Chair Gary Gensler said that he would resign January 20, making way for a Trump nominee to run the powerful regulator.

Gensler became the crypto world’s bête noire after the SEC sued Kraken, Coinbase, and Binance, among others, alleging the firms failed to follow US securities laws. The companies continue to fight in court, with arguments often hinging on technical reasons why crypto should not be considered a security. Courts have mostly backed Gensler’s positions on crypto, Reuters observed.

US SEC chief Gensler to step down on Jan. 20

More Markets

See all Markets

Western Digital jumps as Q1 sales and earnings beat, guidance better than expected, and dividend hiked

A litany of stellar news from the disk drive seller.

Matt Phillips5m

Max Knoblauch10m

Netflix rises on announcement of its 10-for-1 stock split

Netflix’s subscription prices keep rising, but its shares are about to get a bit cheaper.

On Thursday, the streamer announced it’ll perform a 10-for-1 forward stock split. On November 17, traders who own a single Netflix share will own 10 shares, though the company’s underlying value will remain the same.

Netflix shares have surged about 270% over the past three years to $1,089 as of today’s close as the streamer has captured more of the streaming market share. The stock rose roughly 3% in after hours trading on Thursday following the announcement.

Reddit rises in after hours trading on Q3 earnings numbers

Here’s how they look.

Matt Phillips17m

Amazon soars as 3Q earnings, sales beat Wall Street expectations

Amazon released earnings on Thursday.

Jon Keegan33m

Tasha Matsumoto

36m

Big Tech sends stocks lower

Stocks were dragged down by yesterday’s Microsoft and Meta earnings as investors rotated out of Big Tech names.

Polar bear Sprinter bites into a pumpkin carved with Halloween faces in the Adventure Zoo in Hanover, Germany, 22 October 2015.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.