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Robinhood, founded seven years ago and based in Menlo Park, California, has exploded in popularity this year as millions of Americans stuck at home -- including throngs of millennials -- look to make some money during a pandemic that has sent stock prices swinging. But the no-fee brokerage app has also attracted consumer complaints, with novice investors confused by the vagaries of stock options and margin loans.
His bet on Netflix Inc. He said Robinhood contacted him on Friday and unlocked the account after sending several emails late Thursday asking for help. Rao showed Bloomberg the same emailed response from Robinhood that Bagheri received. Neither believed they had been duped by phishing scams or malware. Both said they use the same email for Robinhood and other accounts, and that only Robinhood has been affected.
London-based Revolut, which offers a money transfer and exchange app, expanded to the U. Bill Hurley, who owns a metal-fabrication shop in Windsor, Connecticut, said he received notifications that stock and Bitcoin had been sold from his account on Sept. He said he emailed Robinhood for assistance while the transactions were pending but received none. Hurley, 56, said he reached out to the SEC and heard back from a lawyer for the regulator, who asked for additional information on what had happened. After more than two weeks of emails seeking help from Robinhood, a customer support representative called him on Thursday, he said.
Updates with cyber-security expert comment in 15th paragraph. For more articles like this, please visit us at bloomberg. Spousal benefits can be very confusing, said Kate Gregory, a financial planner and president of Gregory Advisors Inc. Move over Apple. And so far, it's paying off in a major way. Watch the plumbing of the U. Is the stock a good buy?
Berkshire Hathaway Inc. Apple accounts for The iPhone manufacturer continues to benefit from customer loyalty and an expanding product portfolio that has grown over the years to include wearables like the Apple Watch and AirPods. The iPhone remains Apple's key revenue driver, but its Services business is the company's fastest-growing segment. Apple has successfully created a robust ecosystem with a strong focus on customer engagement.
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At the start of , it claimed to have over 1. As the world went into lockdown, people were compelled to stay at home -- with no option but to shop online for essentials as well as luxury products. In the second quarter this year, Amazon sales were up a stellar A cloud computing company, Snowflake recently went public and gathered significant attention, as it upsized the IPO pricing twice.
Snowflake is an enterprise-facing, cloud-based data warehousing company and is expected to be volatile in the near-term as investors try to make sense of its lofty valuation. Benzinga does not provide investment advice. All rights reserved. Value investing, which has been maligned for years, is about to come back in style. Because elections have a long track record of doing wonders for value stocks, whose prices are deemed low compared with business prospects. Value stocks outperformed growth for half a year after every presidential election since , according to research by Larry McDonald and his team at the Bear Traps Report.
All dividends are not created equal, however.
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Investors should seek out companies with one of two advantage — or preferably both: a commitment to maintaining the dividend, and a high yield. New Mountain invests in debt securities, including first and second lien notes and mezzanine securities. The company reported 30 cents per share in net investment income for the second quarter, down 4 cents sequentially. As far as the data can show, New Mountain has turned around from the coronavirus losses incurred early in the year.
New Mountain kept its dividend payment stable in the second quarter, at 30 cents per common share. Plains also has assets in California and the Appalachian natural gas fields. As part of its response, Plains slashed its dividend by half — from 36 cents per common share to 18 cents. The cut was made to keep the dividend within the distributable cash flow, affordable for the company — and kept up for shareholders.
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Looking at numbers, PAGP's dividend payment offers investors a yield of Tristan Richardson, covering the stock for Truist, sees Plains in a good spot at present. The ticker and stock history remain the same, however, so the difference for investors is in the letterhead. Revenue was negative in Q1, due to a curtailment in loan collections and reduction in interest income, although earnings remained positive.
Sixth Street adjusted its dividend during the crisis, but that move did not raise any eyebrows. The company has a long history of dividend payment adjustments, regularly making changes to the common stock dividend in order to keep it in line with earnings, and giving supplemental dividends when possible.
Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment. Analysts say these are the best stocks to buy in the fourth quarter. The fourth quarter will be filled with uncertainty related to the election, the health crisis and the economy. Analyst Jeffrey Spector says self-storage real estate investment trust Extra Space Storage is well-positioned to outperform in the closing months of Every week, Benzinga conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.
Electric vehicle manufacturers and EV service companies have been in the spotlight for We recently asked over Benzinga investors and traders which EV stock they believe has the most room to grow between now and Even considering production halts during the ongoing coronavirus pandemic, Tesla told investors it has the capacity to top , vehicle deliveries in Meanwhile, Nio received the second most votes of confidence from readers: Where investors and traders told us they are most skeptical: only 2.
Arcimoto drew the least confidence from investors and traders with 1.
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Looking forward, more news from the EV space remains in store for This study was conducted by Benzinga in August and included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The order of survey answers were randomized for each respondent. The study reflects results from over adults. C Benzinga. Nvidia earnings are booming again, with the chipmaker a big winner amid strong demand in multiple segments. Is Nvidia a good buy now?
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President Donald Trump promised a new dawn for the struggling U. Four years later, Great Lakes Works - once among the state's largest steel plants - has shut down steelmaking operations and put 1, workers out of a job. AMD is in talks to acquire Xilinx Inc. Wall Street is betting Su can pull off the latest deal. AMD shares slipped 3. At the time, AMD was on a roll. It was taking market share from Intel Corp. Its stock was on a tear and revenue was growing rapidly. Problems with a chip design delayed new product launches and the company gave back market share.
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