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2026/10/27

Robinhood Q3 Earnings Miss Forecasts Despite Record Revenue and Growth in Prediction Markets

Robinhood reported third-quarter earnings of $0.51 per share on Tuesday, below analysts' forecast of $0.55 and the year-earlier result of $0.61. Revenue reached a record $1.42 billion but fell short of Wall Street's expectation of roughly $1.43 billion. Robinhood serves more than 28 million people w

Robinhood Q3 Earnings Miss Estimates Despite Record Revenue

Robinhood reported third-quarter earnings of $0.51 per share on Tuesday, below analysts' forecast of $0.55 and the year-earlier result of $0.61. Revenue reached a record $1.42 billion but fell short of Wall Street's expectation of roughly $1.43 billion. Robinhood serves more than 28 million people w

U.S. Treasury Secretary Bessent Links Crypto to U.S.-China Tech Competition

U.S. Treasury Secretary Scott Bessent said digital assets could reinforce the dollar's global dominance as technology becomes more important to American economic influence. Bessent spoke Tuesday with Ripple CEO Brad Garlinghouse at Ripple's Swell conference. Bessent argued that military strength his

Ripple's Swell 2026 Conference and Banking Approval Spark Speculation on Financial Transformation

The inclusion of US Treasury Secretary Scott Bessent among the speakers at Ripple’s Swell 2026 conference has drawn attention to XRP in the cryptocurrency sector. Crypto analyst Stern Drew suggested that this development may be linked to the US’s goals of reshaping the global financial system.Stern

U.S. Treasury Secretary Bessent Sees Crypto as Tool to Strengthen Dollar's Global Dominance

U.S. Treasury Secretary Scott Bessent said digital assets could help strengthen the U.S. dollar's global dominance as technology becomes an increasingly important source of American economic influence.Speaking Tuesday at Ripple's Swell conference with CEO Brad Garlinghouse, Bessent argued that the p

Robinhood Posts Record Q3 Revenue of $1.424 Billion Amid Crypto Revenue Drop

Robinhood Markets released third-quarter results on Tuesday after trading closed. Robinhood's quarterly revenue reached a company record of $1,424 million, rising 12% year-over-year. Benzinga Pro data showed a consensus revenue estimate of $1,422 million. Robinhood reported adjusted earnings of 60 c

Microsoft Launches MAI Image 2.7, Ranked Second in AI Image Model Benchmark

According to Zhitong Finance APP, Microsoft (MSFT.US) launched its latest AI image model, MAI Image 2.7, on Tuesday, further strengthening its technological presence in the generative AI field. According to third-party evaluations, the model ranks second among AI image models, behind only OpenAI’s G

Robinhood Q3 Revenue Hits Record $1.424 Billion Amid Crypto Decline

Robinhood Markets released third-quarter results on Tuesday after trading closed. Robinhood's quarterly revenue reached a company record of $1,424 million, rising 12% year-over-year. Benzinga Pro data showed a consensus revenue estimate of $1,422 million. Robinhood reported adjusted earnings of 60 c

Robinhood Stock Drops After Missing Q3 Earnings Despite Crypto Revenue Beat

Robinhood (HOOD) shares fell nearly 4% in after-hours trading on Tuesday after the trading app earned 51 cents a share in the third quarter, short of the 56 cents analysts expected. Crypto revenue beat forecasts but did not stop the slide.The drop erased a 1.85% gain from regular trading, when the s

Re:Build Raises $2.1B to Boost U.S. Hard Tech Manufacturing

Re:Build, a manufacturing accelerator based in Massachusetts, has secured $2.1 billion in funding. General Catalyst and JPMorganChase's Strategic Investment Group led the investment. The other investors were not identified. Re:Build said Tuesday that the funding will increase capacity for manufactur

Robinhood's Q3 Crypto Revenue Drops 55% YoY to $120M, Still Beats Forecasts

Robinhood's HOOD$94.61·Market Closed third-quarter cryptocurrency trading business was down 55% from last year but still topped Street forecasts.Crypto transaction revenue dropped to $120 million in the third quarter, according to the company's earnings report released Tuesday. That was down from ab

FEC's Filing System Down Ahead of Midterm Elections

The Federal Election Commission's electronic filing system stopped operating Monday night, one week before the midterm elections, and remained unavailable Tuesday afternoon. Campaigns, political parties and PACs use the system to disclose fundraising and expenditures. FEC officials declined to expla

UPS CEO Sees $15 Billion Annual Revenue Opportunity from Data Center Expansion

UPS CEO Carol Tome said on Tuesday that data centers offer a logistics opportunity worth $15 billion annually. Tome described the AI data center expansion as a source of demand lasting decades for UPS, the world's largest parcel delivery and logistics company. UPS aims to increase profits by handlin

Robinhood Integrates Ripple's RLUSD and Treasury Services

Ripple's announcement said RLUSD launched Tuesday on Robinhood Chain and Bitstamp, with availability in the main Robinhood app expected later this year. Robinhood has 28.6 million funded customers. Ripple developed RLUSD, and Ripple's founders created the XRP cryptocurrency. RLUSD launched in Decemb

Frost & Sullivan Report Highlights Encryption Consulting's CBOM Secure for Post-Quantum Readiness

CoinDesk reports:Prosper, Texas, USA, October 27 /PRNewswire/ — Encryption Consulting LLC, an application cryptography company specializing in PKI, encryption, and post-quantum readiness, today announced that its CBOM Secure platform has been featured in Frost & Sullivan’s new report, “Insights for

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