In a blog post released Friday, Robinhood's founders acknowledged that its new plan, which aimed to offer no-fee checking and savings accounts with no minimums, ATM fees, penalty charges or foreign transaction fees, "may have caused some confusion."
UBS says Robinhood's new accounts with an eye-popping interest rate are "skirting very close to actual banking and therefore could draw regulatory scrutiny."
SIPC President and CEO Stephen Harbeck tells CNBC he has serious concerns about the plan, and contacted the Securities and Exchange Commission's trading and markets division about it.
The best-known bitcoin bull on Wall Street is getting tired of forecasting short-term prices.
Popular online stock-trading platform Robinhood is offering checking and savings accounts that pay 3% interest on a daily basis.
In cities with multiple Amazon fulfillment centers, job creation was "well above the national average." The e-commerce giant has been "both a net job creator and a catalyst for stronger job growth," Morgan Stanley found.
Plaid announces that venture capitalist Mary Meeker has led a $250 million funding round and is joining the fintech company's board.
The most popular U.S. cryptocurrency exchange is looking to add 30 new tokens including XRP.
The world's largest cryptocurrency nose-dived as much as 11 percent to a low of $3,293.31 on Friday.
The employment picture for black Americans is better than it ever has been.