security brokering – The News Desk

The Newest Get Rich Quick Trade: Indian Stocks

22Dec

By adminNo Comments

World

The Newest Get Rich Quick Trade: Indian Stocks

Dec. 22, 2023 12:39 am ETIndia’s booming stock market is attracting millions of individual investors hoping to get rich quick.The benchmark S&P BSE Sensex Index is around 16% higher this year and hit an all-time high this month. The surge encouraged investors to open more than 11 million new accounts with the National Stock Exchange of India in 2023 through the end of August, and has led to record flows into mutual funds that buy stocks. The most popular play: subscribing for shares in new listings, which sometimes surge in value during the first few days of trading.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

How the Fintech Rally Could Fizzle in 2024

18Dec

By adminNo Comments

Money

How the Fintech Rally Could Fizzle in 2024

Financial-technology companies have rallied in 2023 even as rates rose. Some could now face risks from falling rates, as well as stepped-up competition.Higher rates did hit “fintech” stocks in many ways. Not only do growth stocks in general often trade at lower multiples during periods of rising rates, but fintechs in particular had benefited from near-zero rates for funding loans and encouraging risk-taking by trading customers.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Robinhood Woos Wealthier Clients From Bigger Brokerages

16Dec

By adminNo Comments

Money

Robinhood Woos Wealthier Clients From Bigger Brokerages

Robinhood Markets, known for a clientele of first-time investors, is attracting customers with fatter wallets from other brokerages.Through Wednesday, the trading app received about $1.1 billion in account transfers since Oct. 23, when it began offering a 1% match on transferred brokerage accounts, the company said. In the second and third quarters of this year, customers transferred about $350 million and $375 million, respectively, to Robinhood from other brokerages, according to company filings.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

16Dec

By adminNo Comments

World

Robinhood Woos Wealthier Clients From Bigger Brokerages

Robinhood Markets, known for a clientele of first-time investors, is attracting customers with fatter wallets from other brokerages.Through Wednesday, the trading app received about $1.1 billion in account transfers since Oct. 23, when it began offering a 1% match on transferred brokerage accounts, the company said. In the second and third quarters of this year, customers transferred about $350 million and $375 million, respectively, to Robinhood from other brokerages, according to company filings.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

2Dec

By adminNo Comments

Money

A Divorce With Apple, Internal Strife: How Goldman’s Main Street Bet Failed

Updated Dec. 2, 2023 12:23 am ETAt an off-site in upstate New York last month, during a dinner lasting roughly three hours, Goldman Sachs Chief Executive David Solomon told partners that the firm had made some mistakes with consumer lending. But, he said, the business wasn’t as bad as they thought and they didn’t understand the details. He wouldn’t tolerate partners trash-talking Goldman’s decision to get into consumer lending, he told them.Goldman has known for a while that consumer lending wasn’t really working out, and the bank has been looking for the exits. But it was Apple that sealed it. The tech giant recently sent a proposal to Goldman that would pull the plug on their credit-card partnership, the crown jewel of the business.Copyright ©2023 Dow Jones & Company, Inc. All Right...

2Dec

By adminNo Comments

World

A Divorce With Apple, Internal Strife: How Goldman’s Main Street Bet Failed

Updated Dec. 2, 2023 12:23 am ETAt an off-site in upstate New York last month, during a dinner lasting roughly three hours, Goldman Sachs Chief Executive David Solomon told partners that the firm had made some mistakes with consumer lending. But, he said, the business wasn’t as bad as they thought and they didn’t understand the details. He wouldn’t tolerate partners trash-talking Goldman’s decision to get into consumer lending, he told them.Goldman has known for a while that consumer lending wasn’t really working out, and the bank has been looking for the exits. But it was Apple that sealed it. The tech giant recently sent a proposal to Goldman that would pull the plug on their credit-card partnership, the crown jewel of the business.Copyright ©2023 Dow Jones & Company, Inc. All Right...

30Nov

By adminNo Comments

Money

Why Robinhood Wants British Customers

Robinhood became synonymous with a new generation of do-it-yourself investors in America. Now it wants to do the same abroad.The digital brokerage on Thursday is opening a wait list for U.K. residents and will grant them early access to its trading app over the next several weeks, with full availability scheduled for early 2024. Robinhood joins other digital brokerages, including Webull and Public, that launched in the U.K. this year.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

30Nov

By adminNo Comments

World

Why Robinhood Wants British Customers

Robinhood became synonymous with a new generation of do-it-yourself investors in America. Now it wants to do the same abroad.The digital brokerage on Thursday is opening a wait list for U.K. residents and will grant them early access to its trading app over the next several weeks, with full availability scheduled for early 2024. Robinhood joins other digital brokerages, including Webull and Public, that launched in the U.K. this year.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Apple Pulls Plug on Goldman Credit-Card Partnership

29Nov

By adminNo Comments

Money

Apple Pulls Plug on Goldman Credit-Card Partnership

Apple is pulling the plug on its credit-card partnership with Goldman Sachs, the final nail in the coffin of the Wall Street bank’s bid to expand into consumer lending. The tech giant recently sent a proposal to Goldman to exit from the contract in the next roughly 12-to-15 months, according to people briefed on the matter. The exit would cover their entire consumer partnership, including the credit card the companies launched in 2019 and the savings account rolled out this year.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

28Nov

By adminNo Comments

World

Apple Pulls Plug on Goldman Credit-Card Partnership

Apple is pulling the plug on its credit-card partnership with Goldman Sachs, the final nail in the coffin of the Wall Street bank’s bid to expand into consumer lending. The tech giant recently sent a proposal to Goldman to exit from the contract in the next roughly 12-to-15 months, according to people briefed on the matter. The exit would cover their entire consumer partnership, including the credit card the companies launched in 2019 and the savings account rolled out this year.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8