Tag: Stock Markets

Report finds that Robinhood ‘s customers are hedge funds like Citadel and others as backlash grows
Finance

Report finds that Robinhood ‘s customers are hedge funds like Citadel and others as backlash grows

Editors note: Let's consider this article part of our "Series" article series where we do our best to teach and inform our readers (you) of something we think you should directly know about. In this article, we're going to fully explore Robinhood and how it makes money through its relationship with a firm called Citadel. Citadel is a billion-dollar hedge fund. It's important here that people understand how exactly Robinhood makes its money because it is not quite how they make it seem (although the practice itself is fairly common.) Robinhood makes its money by selling its user data and orders to large firms like Citadel for a pretty check. The assumption that brokerage firms like Robinhood work for the big guy isn't an assumption at all because it is very accurate. The formu...
9 years later, the feds in America have raised their rates
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9 years later, the feds in America have raised their rates

WASHINGTON -- 9 years after the last "rate hike" (think Myspace era)  Janet Yellen,  has officially raised the rates in America -- and people are curious about it.  As NBC rounded up, not everybody is to keen to the raise with some preparing for a news conference starring Yellen to get their questions answered. According to the feds, Yellen reportedly raised the rates a modest 0.25%.  The last raise of such (well, of any kind) was actually in 2006.   Investors haven't much responded to the raise yet, however, Dow remained 100 points in the black as of this writing.
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