Credit Card News
FinTech News
Robinhood Receives Wells Notice From SEC Regarding Crypto
The FinTech brokerage firm Robinhood has announced that it's received a Wells Notice from the Securities and Exchange Commission regarding its cryptocurrency features. About the notice and Robinhood's response: In a filing, Robinhood revealed that the SEC has notified the company that it will recommend that the agency file an enforcement action, alleging securities violations. Furthermore, they note that these potential actions could involve a civil injunctive action, public administrative...
Economic News
U.S. Economy Adds Lower-Than-Expected 175,000 Jobs in April
April 2024's jobs report has arrived — and so have several competing narratives about what it means. About the report: Today, the Bureau of Labor Statistics released its Employment Situation Summary for April. In total, it showed that the United States economy gained 175,000 jobs during the month. That's well below the 240,000 jobs that economists had forecasted (per Marketwatch) and, similarly, is lower than the 12-month average of 242,000 per...
Small Business News
Barclays Reveals Winners of Fourth Small Business Contest
After launching its fourth annual "Small Business Big Wins" grant contest in February, Barclays has now revealed the winners. About the winners: Barclays reports that more than 4,500 businesses applied for this year's Small Business Big Wins contest. Following a finalist selection round and a public voting period, a grand prize winner has been chosen. Diversability LLC is a New York-based business dedicated to increasing the visibility of disabled people. The...
Home Buying Tips
Lessons From a First-Time Home Buyer: The Best Parts of Homeownership So Far
Being a homeowner certainly has some pros and cons. In fact, a couple of weeks ago, I explored some of the downsides I've discovered since becoming a homeowner. With that, it's only fair that I also highlight some of the best aspects as well. Top 5 Things I'm Loving as a New Homeowner Being able to decorate Having lived in apartments for the past 20 years or so of my...
Small Business News
Majority of Small Businesses Expect Increased Revenue This Year
In the face of continued uncertainty, a majority of small business owners are still bullish overall. About the survey: This week, Bank of America released its 2024 Business Owner Report. The survey included participation from more than 1,400 small and mid-sized business owners. In this case, a small business is defined as having between $100,000 to $5 million in annual revenue while "mid-sized" is capped at $50 million in revenue under BofA's metrics....
Investing
How to Transfer a Retirement Account to Robinhood Retirement
Earlier this month, as I prepared for my tax-time IRA contributions, I learned two things about my IRA situation. First, I discovered that one Traditional IRA I had changed my investments due to the discontinuation of one of its fund options. Second, I found out that Robinhood Retirement was offering a bonus for Robinhood Gold customers who transferred their IRAs to the platform. Needless to say, this provided to perfect...
FinTech News
