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Webull Leverages Crisis To Spur Innovation, Financial Wellness
Wednesday, May 6, 2020 - 5:01pm | 913Read More...Last week, 3.8 million filed for unemployment benefits, bringing America’s total claims number to over 30 million. It's a result of the mass layoffs and business closures brought on by the coronavirus pandemic. Despite the global economic shutdown causing many businesses to...
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Robinhood Raises $280M In Series F Led By Sequoia Capital
Monday, May 4, 2020 - 8:13pm | 208Read More...Robinhood, a retail trading platform that offers investors commission-free stock, ETF, options trading and high yield savings accounts, formally announced the closure of a $280 million Series F funding round, led by Sequoia Capital, with participation by New Enterprise Associates, Ribbit...
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How Trading In Ford, GE And Other Volatile Stocks Could Be Linked To Casino Closures
Thursday, April 30, 2020 - 2:07pm | 659Read More...Short-term trading in the stock market has always been somewhat of a gamble. However, the coronavirus (COVID-19) economics shutdown may have transformed the stock market into a literal casino for gamblers. DataTrek Research co-founder Nicholas Colas said this week there has been a flood of...
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'Saving For Your Child's Future': UNest Launches 529 College Savings App For Millennials, Tech-Focused Parents
Wednesday, April 29, 2020 - 4:10pm | 525Read More...With the COVID-19 coronavirus, extreme uncertainty has hit home, forcing some families to consider tapping into their savings and investments. Despite the economic downturn, Ksenia Yudina, CEO, and founder of UNest, a college savings app, suggests parents don’t lose sight of their goals, such...
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Robinhood Said To Be Raising $250M In New Funding
Thursday, April 16, 2020 - 3:05am | 275Read More...Robinhood, an online retail trading platform offering various investment options, including commission-free stock, is raising $250 million in fresh funding. What Happened The California-based online brokerage is raising $250 million from investors, led by Sequoia capital, at $8 billion pre-money...
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Options Trading: What Is It And How To Do It?
Saturday, March 28, 2020 - 7:22pm | 1471Read More...When it comes to speculation or hedging, options are capital-efficient tools that provide leveraged exposure in the markets, allowing traders to capitalize on their market opinions at a low cost. What Are Options? An option contract is a derivative of an underlying asset; it is an insurance...
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Robinhood Offers Credit To Users Affected By Massive Outage
Tuesday, March 24, 2020 - 3:59am | 240Read More...Robinhood Markets, Inc. is offering some users on its trading platform credit to make up for the prolonged outage it suffered earlier this month, CNBC reported on Monday. The financial services company will determine how much credit each user will receive on a case-by-case basis, a spokesperson...
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The Financial Wellness Industry Is Showing No Signs Of Slowing Down
Wednesday, March 11, 2020 - 11:40am | 593Read More...The proliferation of tech-enabled financial services has led to an explosion of offerings for consumers looking to get their financial lives in order. But if you think there are already too many budget apps or lending platforms, get ready for more. According to a report from research firm Arizton,...
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Robinhood Offers Free Robinhood Gold, Monetary Compensation Due To Outages
Wednesday, March 4, 2020 - 5:59pm | 237Read More...Robinhood, a retail trading platform that offers commission-free stock, ETF, options trading and high-yields savings accounts, crashed Monday for more than 24 hours due to an infrastructure and systems communication failure, and experienced additional downtime again on Tuesday. “We now...
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Robinhood Says 'Thundering Herd' Caused Outage, Remedies Still Being Considered
Wednesday, March 4, 2020 - 11:41am | 503Read More...The Robinhood stock trading app was back up and running Wednesday after two disastrous days in which it went offline, including a long outage on Monday that caused traders to miss out on a huge jump in the market. Users continued to look for answers about whether regulators might act; at least...
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Robinhood Trading Platform Resumes Trading After Shutdown For Entire Day
Tuesday, March 3, 2020 - 5:08am | 456Read More...Retail trading platform Robinhood said early Tuesday that its platforms are live again, after its customers missed on a majority of the trading session on Monday. What Happened "Robinhood is currently back up and running," it said in a statement on Twitter. "We're testing through...
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Robinhood Introduces Portfolio Customization, Investment Tracking Tools
Thursday, February 20, 2020 - 2:19pm | 278Read More...Robinhood, a retail trading platform that offers investors commission-free stock, ETF, options trading and high-yield savings accounts, has introduced a new way to track and organize assets. The development comes after Robinhood introduced fractional share trading, allowing investors to buy stocks...
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'Connecting The Dots': Apex Expands Clearing, Custody Capability To Quickly Launch Fintech Startups
Tuesday, January 28, 2020 - 3:51pm | 751Read More...In a move to further democratize financial markets, Apex Clearing formally integrated its services with Bambu, a robo-advisory technology solution, providing global access to U.S. markets. As part of the development, Bill Capuzzi, CEO at Apex Clearing, spoke with Benzinga regarding his firm’s...
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Robinhood Rolls Out Fractional Shares, DRIP, Recurring Investment Features
Friday, December 13, 2019 - 1:10pm | 310Read More...Robinhood, a retail trading platform that offers investors commission-free stock, ETF, options trading and high-yield savings accounts, has introduced fractional share trading. “Some stocks and ETFs cost hundreds or thousands of dollars for a single share. This means that many people may not...
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Robinhood Rolls Out Cash Management, But It's Not For Everyone Yet
Thursday, December 12, 2019 - 8:14am | 272Read More...Robinhood Markets Inc launched its “Cash Management” service to a select base of customers on Wednesday. What Happened The Cash Management service will allow the users to move their uninvested cash in their brokerage account to an interest-earning account which they can access...
