Text size Robinhood reported a significant slowdown in trading volumes in the first three months of 2022. Dennizn/Dreamstime Trading platform Robinhood Markets experienced a stark decline in market ac...
Tag: Banking
‘So bad, it’s good.’ This beleaguered stock market has one big asset on its side, say strategists.
A rough month for stocks is drawing to a close, and many investors likely won’t be sad to see the back of it. And the last day of April trade is looking weak as Apple and Amazon failed to raise the ba...
Banking Giant Goldman Sachs Launching Its First-Ever Loan Collateralized by Bitcoin (BTC)
Banking and financial services titan Goldman Sachs is making its first-ever loan grant to a borrower fully backed by leading digital asset by market cap Bitcoin (BTC). According to a recent report, a ...
Maintaining Customer Trust in Digital Banking Era
HodlX Guest Post Submit Your Post Oddly enough, while customers often entrust their life savings to financial providers, only 43% of them believe that banks care about customers’ long-term financia...
US Banking Giant Goldman Sachs Looks Into the Tokenization of Financial Instruments And NFTs
Over the years, the interest in the digital asset space has increased. More and more firms continue to show interest in digital assets and the metaverse. Trademark filings related to NFTs and metavers...
EU banks’ direct banking sector exposure to Russia slows
On April 28, the Bank of International Settlements (BIS) released the international banking statistics and global liquidity indicators for the end of December 2021. Some key takeaways include that cro...
PayPal Trims 2022 Outlook But Beats Revenue Forecast
PayPal lowered its forecast for adjusted profit for 2022 to a range of $3.81 to $3.93 a share. Justin Sullivan/Getty Images Text size PayPal Holdings said its first quarter was a “solid start” but cut...
Stablecoins Need to Set a Common Standard, Says US Banking Watchdog
“To ensure that stablecoins are open and inclusive, I believe a standard-setting initiative similar to that undertaken by [the Internet Engineering Task Force] and [World Wide Web Consortium] needs to...
Warren Buffett and Berkshire Hathaway are once again outperforming the stock market. Apple is one big reason but these other 10 stocks also helped
During the long, tech-driven bull market, you may have seen more than one article suggesting Berkshire Hathaway CEO Warren Buffett’s investing style was no longer valid. With Buffett leading the congl...
Crypto, Cannabis and SAFE Banking
The U.S. Senate continues to deny the cannabis industry access to digital payments and banking, forcing retailers to endure increasingly deadly and more frequent armed robberies. Crypto payments offer...
‘I’m spending a fortune on home maintenance. I realize my second husband is essentially living in my house for free’: What is a fair way to split costs?
I am a retired 62-year-old woman. I was widowed in 2006 at the age of 46 and raised my two children (now 24 and 27) on my own. I used my husband’s life insurance money (about $500,000) to maintain our...
Opinion: Why I don’t want bitcoin in my 401(k)
Hooray! At long last, the company managing my 401(k) plan will allow me to bet up to 20% of my retirement funds on a digital Ponzi scheme that generates no income and has no practical use. Fidelity In...
A Next-Gen Crypto Exchange and Mobile Banking Platform
When Satoshi Nakamoto created Bitcoin, he had one thing in mind – to revolutionize existing financial systems using a cheap and fast, trustless peer-to-peer electronic cash network that eliminates the...
Annaly Capital to Sell Middle- Market Lending Portfolio to Ares for About $2.4 Billion
Text size Ares currently has $314 billion assets under management, up from $25 billion in 2008. Dreamstime Ares Management Corp said Monday that it agreed to buy the middle-market lending portfolio of...
When Will Coinbase Stock Hit Bottom? JPMorgan Sees Bigger Losses Ahead
Text size Some analysts are getting more bearish on Coinbase stock. Tiffany Hagler-Geard/Bloomberg When will Coinbase stock finally hit bottom? Investors in the crypto exchange have been riding a slid...
PayPal has been cut in half by Wall Street, but ‘uncertainty’ still looms as earnings approach
After losing more than half its value so far this year, PayPal Holdings Inc. still faces ‘uncertainty’ from Wall Street. PayPal PYPL, +2.03% was an investor darling in the early days of the COVID-19 c...
The Russian Banking Union Demands Non Custodial Accounts Outlawed
By launching noncustodial crypto-wallets, bankers will establish accountability to prevent capital outflow. Russia is seeking to construct a closed-loop of cryptocurrency circulation, which necessitat...
Bitcoin Prices Fall as Crypto Market Slammed by Hawkish Fed Expectations
Bitcoin and other cryptocurrencies dropped Monday as expectations that the Federal Reserve will move aggressively to tighten monetary policy continued to rock the digital asset space. Bitcoin fell mor...
Surging Fertilizer Costs Are Pushing Food Prices Higher
Fertilizer costs have roughly doubled from a year ago as the war in Ukraine disrupted the flow of supplies from Russia, the world’s largest exporter of the commodity. That has contributed to higher gl...
‘The issues with the IRS are still present and very real’: Millions of Americans are racing to file their tax returns, and filing extensions
Tax Day came and went earlier this week, so if your upcoming weekend plans are just chilling after the last-minute tax time bustle, you might have company. April 18 marked the deadline in most states ...
Cathie Wood’s Flagship Fund Is Down 45% This Year. Money Is Still Flowing In.
Cathie Wood’s ARK Innovation exchange-traded fund keeps falling, but investors aren’t jumping ship. Shares of the popular ETF, which is known by its ticker ARKK, have declined 45% so far in 2022—inclu...
What’s next for stock market as Federal Reserve moves toward ‘peak hawkishness’
Investors will watch for another gauge of U.S. inflation in the week ahead after the stock market was rattled by the Federal Reserve ramping up its hawkish tone and suggesting large interest rate hike...
Many tech stocks that have crashed are still too expensive to buy
I came across this list of crashed big cap tech stocks on Twitter on April 23: I’ve analyzed every one of those stocks over the last year. When thousands of stocks are down 70%-80% or even 90%, there ...