financial

Robinhood down again as markets in freefall

Robinhood down again as markets in freefall

Robinhood is down for the third time this month, with the investment app adding more bad news to the market crash that saw US trading frozen on Monday morning. Popular with novice traders getting their first taste of the stock markets, Robinhood confirmed just before 10am ET on March 9 that it was "experiencing issues with equities, options and crypto trading."

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Robinhood investing app outage continues, but a fix is inbound

Robinhood investing app outage continues, but a fix is inbound

Robinhood, an investing app that is most popular among young users as a simple way to make investments, has been down for several hours today. The company confirmed the outage around 11 AM EST on Monday after around another hour of complaints from users. In the most recent update on the matter, the company said that it has figured out what went wrong and that it is working on a fix.

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IRS clarifies confusing Fortnite V-Bucks tax requirement

IRS clarifies confusing Fortnite V-Bucks tax requirement

The IRS has offered clarification on the confusing and panic-inducing Fortnite V-Bucks tax reporting requirement that appeared on its website. At the time when it was first noticed, the IRS's website said that Fortnite players were required to report the V-Bucks they spent in the game. When the requirement went viral, however, the taxation agency quietly deleted the requirement, confusing taxpayers.

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Some former MoviePass customers may be owed money

Some former MoviePass customers may be owed money

Helios and Matheson, the parent company behind defunct movie ticket subscription company MoviePass, has officially filed for Chapter 7 bankruptcy. The details surfaced in a Security and Exchange Commission (SEC) document filed by the company. Among other things, it is indicated that some former MoviePass subscribers may be owned money, though the details about that are slim at this time.

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Apple Q1 2020: The winners and losers

Apple Q1 2020: The winners and losers

Apple's fiscal 2020 first quarter was hardly a disappointment, with record revenues, but not every category in the Apple Store was quite pulling its weight. While the Cupertino firm doesn't break down individual sales on a per-product basis - much to the frustration of fans and financial analysts alike - it does give an indication of how each division performed.

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Apple credits record revenue to iPhone and wearables

Apple credits record revenue to iPhone and wearables

Apple has announced its financial results for its first fiscal quarter of 2020. As has been the case for the company, Apple experienced new record-breaking revenue during its most recent quarter with the iPhone and Apple Watch leading the pack. In the quarter ended on December 28, 2019, Apple raked in $91.8 billion in quarterly revenue, a 9-percent increase over the same quarter last year.

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HTC 2019 revenue continues downward spiral, worth 2 weeks of AirPods sales

HTC 2019 revenue continues downward spiral, worth 2 weeks of AirPods sales

HTC was the first to come out with an Android phone but even before that, it was already one of the top smartphone makers even before the word smartphone came to be. Along with Motorola and, to some extent Sony (back when there was a Sony Ericsson), it is one of the oldest phone makers still in business today. That, however, may not last long if its recent financial disclosure is anything to go by, revealing a decline that has been ongoing for eight street years now without any signs of stopping.

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Gas pumps are scammers’ new big target – and drivers are helpless

Gas pumps are scammers’ new big target – and drivers are helpless

Visa has issued a new security alert warning that scammers are targeting gas stations throughout North America in order to steal payment card information. Though gas station pumps have historically been a popular target for scammers seeking credit card information, this latest attack is different and there's little customers can do to protect themselves: the attackers are installing malware on the point-of-sale systems used by these gas stations.

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Apple Card will soon include interest-free iPhone financing

Apple Card will soon include interest-free iPhone financing

Apple CEO Tim Cook has announced that starting later this year, Apple Card users will be able to purchase an iPhone and pay it as part of their monthly card bill over a 24-month installment period. This new financing option will be interest-free, making it particularly enticing for Apple Card owners who are already enjoying 3-percent cash back on their purchases.

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Apple reveals another record quarter with $64b revenue in Q4 2019

Apple reveals another record quarter with $64b revenue in Q4 2019

Apple has announced yet another record quarter, stating that it set a new fourth-quarter record for its earnings per share (EPS) and a new all-time revenue high for its Services at $12.5 billion. The company raked in $64 billion in revenue overall during its fourth fiscal quarter of the year, which ended on September 28.

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Uber plans to give drivers and couriers real-time access to earnings

Uber plans to give drivers and couriers real-time access to earnings

Under its newly announced Uber Money team, the ridesharing company has revealed plans to make it easier for drivers to get the funds they earn by giving people rides. Using the Uber Debit account, the company says drivers will be able to get real-time access to their earnings, meaning the funds will be available right after the trip is over. The company is also planning updates related to its app, debit card, and more.

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Why Facebook’s Libra cryptocurrency plans are under fire

Why Facebook’s Libra cryptocurrency plans are under fire

Facebook's plans to launch its very own cryptocurrency was met with heavy opposition last week, as CEO Mark Zuckerberg's Libra proposal to Congress was hijacked into a hearing of the company's past mishandling. To put it briefly, the social media company's involvement in the Cambridge Analytica and election controversies had broken its trust with authorities. Without a clear structure for regulation, there are concerns that Zuckerberg's new Libra project could undermine the national dollar, as well as contain loopholes for criminals to exploit.

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