finance
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PayPal may offer a stock-trading platform in the US
PayPal is “exploring” the idea of allowing its users to trade individual stocks.
Robinhood CEO's plan for the future sounds a lot like a bank
Newly public Robinhood has ambitions to be much more than just a stock-trading app, according to its CEO.
Google parent Alphabet made a whopping $61.9 billion last quarter
Google's parent company Alphabet announced today that it made $61.9 billion in Q2 2021 -- a jump of 62 percent from the same period last year.
PayPal ups its weekly cryptocurrency buy limit to $100,000
PayPal is increasing its weekly limit on crypto purchasing to $100,000 and scrapping annual limits altogether.
El Salvador becomes the first country to approve Bitcoin as legal currency
El Salvador has voted to adopt Bitcoin as legal tender.
The UK is considering starting a digital currency
The Bank of England and HM Treasury are jointly exploring a central bank digital currency that would co-exist alongside traditional cash and deposits.
Discovery+ is turning the GameStop-Reddit stock drama into a documentary
Discovery+ is making a documentary about the GameStop meme stock saga narrated by real-life wolf of Wall Street, Jordan Belfort.
Coinbase fined $6.5 million over cryptocurrency trading claims
Regulators have fined Coinbase $6.5 million for allegedly misleading cryptocurrency buyers about trading volumes.
Social media bots may have fueled the GameStop stock frenzy
Social media bots may have played a part in the GameStop stock frenzy, according to a study.
India will propose a law banning private cryptocurrencies like Bitcoin
India is planning to introduce a law that would ban private cryptocurrencies like Bitcoin and help set up an official currency instead.
Mobile-first bank Simple is shutting down
One of the first-ever mobile-first banks is shutting down.
SEC fines Robinhood $65 million for misleading users
Robinhood’s issues with it boil down to two things.
Google teams up with Citibank on mobile-first accounts
In addition to revamping its Pay app, Google also announced new Plex banking accounts today.
Investment app Robinhood scraps UK expansion
Robinhood will not attempt to crack the UK until 2021 at the very earliest.
Apple offers interest-free financing on more of its products
Apple Card users can now finance purchases of certain Apple products across six or 12 months with zero interest.
Apple Card may offer monthly installment plans for iPads and Macs
Apple's credit card may soon include an option to buy the company's products in monthly instalments.
Google is reportedly working on a smart debit card
A leaked Google Pay debit card could make purchases easier -- and raise privacy concerns in the process.
NYSE will temporarily move to all-electronic stock trading
If you thought it was incredibly risky to have legions of traders gather at the New York Stock Exchange in light of the COVID-19 pandemic, you're not the only one. Intercontinental Exchange is temporarily closing the physical NYSE floors in New York and San Francisco on March 23rd in favor of all-electronic trading. Business and regulatory oversight will carry on during the usual hours -- traders just won't get to use "open-outcry" (that is, the classic yelling) to buy or sell shares.
Apple Card holders can skip March payment due to impact of coronavirus
Following Apple's decision to close all of its retail stores outside of Greater China until March 27th, the company is taking further action in the face of the spreading coronavirus -- it's allowing Apple Card customers to skip March payments without interest.
TurboTax maker Intuit buys Credit Karma to corner personal financial data
Intuit wants to manage more of your financial data. The TurboTax developer has bought Credit Karma, best known for helping people track and control their credit, for $7.1 billion in cash and stock. It intends to use Credit Karma to craft a "personalized financial assistant" that provides insights into your money and helps you "find the right financial products." It might point you to a new credit card or a higher-yield savings account, for instance.
