Welcome to Markets Desk, here's what's moving this Monday.
Robinhood has cleared a major hurdle, winning approval to underwrite IPOs. That shifts the retail brokerage from bystander to active participant in the new-issue market, giving everyday investors earlier access to deals that have historically been reserved for institutional clients. It's a structural change worth watching closely.
Staying in the tech space, Schneider Electric and Foxconn are joining forces to build next-generation AI data center infrastructure. The partnership targets scalability and efficiency as demand for AI compute continues to strain existing power and cooling systems. For Schneider, it deepens its position at the intersection of energy management and the AI buildout cycle.
And over at Alphabet, the company's Other Bets division is quietly having a moment. Wing drone delivery just expanded to seven American cities through Walmart, while Waymo launched a monthly membership program priced at twenty-nine dollars and ninety-nine cents. Neither unit has historically moved the needle on earnings, but the commercial momentum is becoming harder for analysts to ignore.
That's the tape. Markets Desk, signing off the floor.
