Wednesday, August 3, 2022

Robinhood shares increase following job cuts, smaller-than-expected loss

The Menlo Park, California-based company saw revenue fall 44 percent in the second quarter ended June 30 as trading volumes eased from last year's frenetic pace when retail investors used its application to pump money into so-called "meme stocks."

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Mercedes plans bigger India play with greater localisation of parts

Mercedes-Benz plans to increase its local manufacturing efforts while expanding its supplier base in India. The luxury carmaker expects to a...