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Fintech Focus For January 26, 2021
Monday, January 25, 2021 - 7:54pm | 2086Read More...Quote To Start The Day: The greatest wealth is to live content with little. Source: Plato One Big Thing In Fintech: In financial services, the concept of “know your customer” (KYC) is at the heart of establishing trusted relationships with clientele and strategic partners, while...
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Davey Day Trader's Take On GameStop Madness? 'Adapt Or Die'
Monday, January 25, 2021 - 7:02pm | 417Read More...One of the hottest stocks on the market continued its wild ride on Monday. What Happened: Shares of GameStop Corp (NYSE: GME) closed Monday's trading session up 18% to $76.79. Shares traded between $61.13 and $159.18 during the day, setting new all-time highs for the...
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Walmart Enters The Fintech Space With Ribbit Capital
Monday, January 11, 2021 - 5:56pm | 301Read More...A new fintech startup is being created by Walmart Inc (NYSE: WMT) and Ribbit Capital. The venture will be majority-owned by Walmart. The Board of Directors for the new startup will include Walmart U.S. President John Furner, Walmart CFO Brett Briggs and Ribbit Capital Partner Meyer Malka. The board...
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4 Simple Things To Do Before Buying Your First Share Of Stock
Sunday, January 10, 2021 - 2:10pm | 627Read More...The stock market is on a roll heading into 2021, and trading apps like Robinhood have made it easier than ever for American investors to jump into the stock market for the first time. You don’t need to be a finance genius to start investing, but there are four simple steps each person should...
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California Man Sues Robinhood Over Last Year's Hacking Of Customer Accounts, Seeks Class-Action Status
Saturday, January 9, 2021 - 10:47am | 268Read More...Robinhood has been sued by a man over last year's hack into the stock trading platform. What Happened: Bloomberg reports that a man in California has sued the app-based trading platform in a proposed class-action suit. This is after Robinhood was hacked last year. Some 2,000 accounts were...
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Want Robinhood Shares? If You're A Customer, You Could Get Them First
Thursday, January 7, 2021 - 11:00pm | 329Read More...One highly anticipated 2021 initial public offering could offer shares of the company to its customers before hitting the public markets. What Happened: Robinhood is considering selling a minority of its IPO shares to its customers in a direct sale, according to Bloomberg. No decision on the number...
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Fintech Focus For January 8, 2021
Thursday, January 7, 2021 - 7:42pm | 1594Read More...Quote To Start The Day: Elon Musk, the outspoken entrepreneur behind Tesla Inc. and SpaceX, is now the richest person on the planet. A 4.8% rally in the electric carmaker’s share price Thursday boosted Musk past Amazon.com Inc. founder Jeff Bezos on the Bloomberg Billionaires Index, a...
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Tesla, SPACs 'May Struggle,' Natural Gas To Shine In 2021: Bill Gross
Wednesday, January 6, 2021 - 2:44am | 423Read More...Bond king Bill Gross released his market outlook for 2021 — betting on a change in thought to the market’s high-flying stocks. What Happened: In an outlook note called “Little Bit Softer Now,” Gross warns that SPACs “may struggle” this year. One of the...
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Fintech Focus For January 4, 2021
Sunday, January 3, 2021 - 12:58pm | 1446Read More...Quote To Start The Day: Cheers to a new year and another chance for us to get it right. Source: Oprah Winfrey One Big Thing In Fintech: The banking industry has not been spared from the impact of Covid-19. Bank of America, for one, saw profits drop 16% year-over-year (YoY) in Q3’20 to $4.9B...
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10 IPOs To Watch Out For In 2021, Including Petco, Poshmark, Bumble, Coinbase And More
Sunday, January 3, 2021 - 10:50am | 1517Read More...The $150 billion raised by IPOs in 2020 was the best since the dot-com boom era. Data from PricewaterhouseCoopers shows companies raised money through 183 traditional IPOs and over 240 SPACs in 2020. Here is a look at 10 companies expected to IPO in 2021. Affirm: Fintech company Affirm (...
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eToro Reportedly Exploring IPO Or SPAC As Business Booms
Tuesday, December 29, 2020 - 12:22pm | 434Read More...Social trading and brokerage company eToro is considering an IPO or SPAC merger to take the company public, according to a report from the Israeli newspaper Calcalist. What Happened: eToro has engaged in talks with Goldman Sachs about a potential IPO or SPAC merger to take the company public...
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Fintech Focus For December 29, 2020
Monday, December 28, 2020 - 6:26pm | 1852Read More...Quote To Start The Day: “[T]his has actually been a phenomenal year for fixed income, and yields have plummeted, which is not all that phenomenal. But it has led to phenomenal returns for investors. But with yields now really at these very, very low levels across the curves and across the...
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Fintech Focus For December 28, 2020
Sunday, December 27, 2020 - 2:06pm | 1613Read More...Quote To Start The Day: Solitary trees, if they grow at all, grow strong. Source: Winston Churchill One Big Thing In Fintech: Gangti Zhu, a Maryland retiree, says he put almost his entire life savings into a Robinhood Markets account this year, only to lose about $300,000 in a hack. He describes...
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New Young Investors Could Be The Lifeblood: Cramer On Robinhood, SEC Fine
Thursday, December 17, 2020 - 10:26am | 335Read More...Jim Cramer shared his first thoughts on the market Thursday morning with a focus on Robinhood. Cramer on Robinhood: Robinhood was charged by the SEC with misleading customers about revenue sources. “New young investors could be the lifeblood,” Cramer said. He questioned when the last...
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Robinhood 'Does Not Act In Best Investor Interest,' Massachusetts Securities Watchdog Alleges
Thursday, December 17, 2020 - 5:27am | 403Read More...Wildly popular trading platform Robinhood is being roped in by the Massachusetts securities regulators over alleged failure to implement controls to protect inexperienced investors, reports the Wall Street Journal. What Happened: The enforcement arm of the Massachusetts Securities...
