Authored by Eric Salzman via Racket News, (emphasis ours) By just about any metric it has been a blowout year for the retail brokerage company Robinhood Markets. The company’s stock (HOOD) price is up about 220% in 2025, revenues and account growth have shot higher, and founder Vlad Tenev has become a multi-billionaire. Robinhood was founded […]

President Donald Trump announced late Sunday on Truth Social that he is appointing Louisiana Gov. Jeff Landry to serve as the U.S. Special Envoy to Greenland. The move prompted Denmark’s Foreign Minister, Lars Lokke Rasmussen, to summon the U.S. ambassador, saying the appointment suggests continued American interest in the resource-rich island. “I am pleased to […]

Authored by Julianne Geiger via OilPrice.com, The U.S. Energy Information Administration quietly rewrote a key assumption about the global oil market this week: OPEC can produce more oil than previously thought. In its December Short-Term Energy Outlook, the EIA updated how it defines and estimates OPEC crude oil production capacity. The result was a material upward […]

Beijing has condemned the U.S. interception of sanctioned crude tankers off the Venezuelan coast after a China-bound oil tanker was seized on Saturday. Beijing said Venezuela has the right to conduct trade with other countries. Reuters cited China’s foreign ministry spokesperson Lin Jian at a regular press briefing, who said the US seizure of another […]

Chart via Joe Schueller. Chart via Joe Schueller. The school closures and other disruptions associated with the COVID pandemic accelerated those declines, of course, but they did not create the slump themselves. “The decline in performance began well before COVID,” Dan Goldhaber, the director of the Center for Education Data & Research at the University […]