Robinhood's stock jumps after company launches first credit card

The Robinhood Gold Card is aimed at Robinhood Gold members - a subscription product offering premium services for a fee - and has no annual fee or transaction fees, but comes with a 3% cash back on all categories. 


 
Bitcoin Falls Below $70,000

Bitcoin hit an all-time high near $74,000 two weeks ago before cryptos suffered a correction. 


 
KuCoin and Its Founders Face Criminal Charges Over Money-Laundering Violations

U.S. prosecutors have filed criminal charges against KuCoin and two of its founders, accusing the global cryptocurrency exchange of violating U.S. anti-money-laundering laws. 


 
The Crypto Reboot That Wasn't: Why 'FTX 2.0' Floundered

Creditors say FTX's post-chapter 11 management team missed an opportunity to create a valuable business from the ashes of the cryptocurrency exchange. 


 
How Clean-Energy Investors Tame Emerging-Market Risks

Concerns about the risks tied to developing regions prevent many clean-energy investors from putting proportionally more money into those markets, but amplify potential returns for those who do, several investment firm executives said Tuesday. 


 
UBS, Apollo Complete Securitization Unit Deal

UBS and Apollo Global Management have finalized a deal to offload Credit Suisse's former securitized products business, as the Swiss bank continues its integration after the takeover. 


 
Financial Services Roundup: Market Talk

Find insights on muni-bond ETFs, fixed-income ETFs, U.S. municipal bonds, and more in the latest Market Talks covering Financial Services. 


 
Visa, Mastercard Agree to Lower Swipe Fees

The card networks would cap credit-card interchange fees for five years as part of a settlement with merchants. 


 
Canada's Poor Productivity Has Reached Emergency Status, Senior Central Bank Official Says

Bank of Canada's senior deputy governor, Carolyn Rogers, warns that a turnaround is urgently needed to protect the economy from future bouts of inflation. 


 
Cyber Leaders Struggle With Heightened Job Expectations, Communicating With Board

Around one-third of C-suite executives said they believe their companies' cybersecurity leaders paint an overly rosy picture of their security programs, a survey finds.


(END) Dow Jones Newswires

03-27-24 1615ET