Fidelity Investments reportedly shut down an online check fraud scheme similar to one that recently struck J.P. Morgan Chase by tightening some restrictions on cash management accounts Sept. 11. The firm cut the amount certain customers can deposit into their cash management accounts from $100,000...
Robinhood has reportedly begun enticing customers from more established brokers like Fidelity and Charles Schwab. The online trading platform has received about $1.1 billion in account transfers since Oct. 23, the day it began offering a 1% match on transferred brokerage accounts, the company told...
Investor optimism about the future of exchange-traded funds (ETFs) has apparently been good for bitcoin. As Bloomberg News reported Tuesday (Oct. 24), the world’s largest cryptocurrency reached $35,000 for the first time since last year, driven by the possible approval of the first U.S. spot Bitcoin...
Twitter is now worth a third of the $44 billion Elon Musk paid for it. That’s according to a recent assessment by Fidelity, which has reportedly slashed the value of its own stake in the company — now listed as X Holdings — a number...
September 05, 2022
Despite strong opposition from some of the most powerful members of Congress and Department of Labor, which oversees 401(k) plans, Fidelity is still preparing to offer the option to invest in cryptocurrency on some employer-sponsored retirement plans by the end of the year. The Fidelity Digital Asset Accounts will give employers the choice to allow […]
October 02, 2024
Fidelity raised $250 million for its first fund devoted to venture capital. The Boston-based asset manager’s latest push into the private asset space — Fidelity Venture Capital Fund I — closed with support from investment advisers, family offices and high-net-worth investors, according to a Wednesday (Oct. 2) press release. The fund will make minority investments […]
September 27, 2024
Fidelity Investments reportedly shut down an online check fraud scheme similar to one that recently struck J.P. Morgan Chase by tightening some restrictions on cash management accounts Sept. 11. The...
December 17, 2023
Robinhood has reportedly begun enticing customers from more established brokers like Fidelity and Charles Schwab. The online trading platform has received about $1.1 billion in account transfers since Oct. 23,...
October 24, 2023
Investor optimism about the future of exchange-traded funds (ETFs) has apparently been good for bitcoin. As Bloomberg News reported Tuesday (Oct. 24), the world’s largest cryptocurrency reached $35,000 for the first...
