By Alexander Osipovich The Wall Street Journal Lisa Beilfuss Fri., Nov. 9, 2018 In the 1990s, online brokerages like E*Trade Financial Corp. were the hot, new way to play the stock market. Now, that title belongs to Robinhood Markets Inc., the Silicon Valley startup that has amassed six million users with a slick smartphone app, marketing aimed at millennials and commission-free trades. But Robinhood isn’t for everyone. And if you think that promise of free trading is too good to be true, you’re probably right. Founded in 2012 and recently valued at $5.6 billion (U.S.), Robinhood makes money, in part, by sending customer orders to high-frequency traders in exchange for cash. It’s a controversial but legal practice in the brokerage industry called payment for order flow. Robinhood says it makes free trading possible. “The revenue we receive from these rebates helps us cover the costs of operating our business and allows us to offer … [Read more...] about Why ‘free trading’ on Robinhood isn’t really free
Schwab free trades
JPMorgan wipes out $5.5 billion in market cap of online brokers after saying it’s giving users of its new digital-investing service free trades (AMTD, ETFC, SCHW)
Jonathan Garber, provided by Published 8:09 am CDT, Tuesday, August 21, 2018 Getty/Mark Wilson JPMorgan announced Tuesday a digital-investing service that has free trades and no account minimum. Online brokers' stocks are getting hit hard on the news. JPMorgan shares are ticking higher. Online brokers are under pressure Tuesday morning after JPMorgan announced a digital-investing service that gives users 100 free trades a year and has no account minimum. The selling has wiped out $5.5 billion of market cap from the biggest online brokers, with Charles Schwab (-$2.64 billion) and TD Ameritrade (-$2.18 billion) seeing the biggest impact. E-Trade saw $715 million of market cap erased. JPMorgan shares are marginally higher. Business Channel Now Playing: Now Playing NASA Finds Water Ice On The Moon's Surface Media: GeoBeats Fireball, 40 Times As Bright As Full Moon, Spotted By NASA Cameras Media: GeoBeats Our Galaxy Is Full Of Exoplanets With Vast … [Read more...] about JPMorgan wipes out $5.5 billion in market cap of online brokers after saying it’s giving users of its new digital-investing service free trades (AMTD, ETFC, SCHW)
JPMorgan wipes out $5.5 billion in market cap of online brokers after saying it’s giving users free trades
source Getty/Mark Wilson JPMorgan announced Tuesday a digital-investing service that has free trades and no account minimum. Online brokers’ stocks are getting hit hard on the news. JPMorgan shares are ticking higher. Online brokers are under pressure Tuesday morning after JPMorgan announced a digital-investing service that gives users 100 free trades a year and has no account minimum. The selling has wiped out $5.5 billion in market cap of the biggest online brokers with Charles Schwab (-$2.64 billion) and TD Ameritrade (-$2.18 billion) seeing the biggest impact. JPMorgan shares are marginally higher. Here’s a look at the scoreboard: … [Read more...] about JPMorgan wipes out $5.5 billion in market cap of online brokers after saying it’s giving users free trades
JPMorgan wipes out $5.5 billion in market cap of online brokers after saying it’s giving users of its new digital-investing service free trades
JPMorgan announced Tuesday a digital-investing service that has free trades and no account minimum. Online brokers’ stocks are getting hit hard on the news. JPMorgan shares are ticking higher. Online brokers are under pressure Tuesday morning after JPMorgan announced a digital-investing service that gives users 100 free trades a year and has no account minimum. The selling has wiped out $US5.5 billion in market cap of the biggest online brokers with Charles Schwab (-$US2.64 billion) and TD Ameritrade (-$US2.18 billion) seeing the biggest impact. JPMorgan shares are marginally higher. Here’s a look at the scoreboard: NOW WATCH: Money & Markets videos Business Insider Emails & Alerts Site highlights each day to your inbox. Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram. … [Read more...] about JPMorgan wipes out $5.5 billion in market cap of online brokers after saying it’s giving users of its new digital-investing service free trades
Economy, dollar, trade key to U.S. stocks’ global edge
NEW YORK (Reuters) - The ability of the U.S. stock market to keep an edge this year over equities elsewhere in the world hinges on the United States maintaining its economic and earnings growth advantage, the strength of the dollar and how global trade tensions resolve, investors said. People walk by a Wall Street sign close to the New York Stock Exchange (NYSE) in New York, U.S., April 2, 2018. REUTERS/Shannon Stapleton Spurred by fiscal policy benefits including a corporate tax cut, the U.S. economy’s standout momentum relative to other regions has underpinned Wall Street’s advantage this year, investors said. “The outperformance of U.S. stocks reflects not just earnings, but expectations about U.S. economic growth versus other regions,” said Kristina Hooper, chief global market strategist at Invesco. “Conventional investor wisdom is that the U.S. is going to continue to outperform other economies this year and hence investors should move … [Read more...] about Economy, dollar, trade key to U.S. stocks’ global edge