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☆ Robinhood CEO defends payment for order flow, says practice is 'here to stay'
▼ + stars: | 2023-12-01 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Vlad Tenev, co-founder and CEO of Robinhood, rings the opening bell at the Nasdaq on July 29, 2021. Robinhood CEO Vlad Tenev says he doesn't believe that the payment for order flow (PFOF) model of market-maker routing that the company incorporates in the U.S. is under threat. Speaking with CNBC, Tenev defended the practice of PFOF, saying that it's "inherently here to stay." PFOF is the practice of routing trades through market-makers like Citadel Securities in return for a slice of the profits. Critics say that brokers have an incentive to direct order flow to market makers offering PFOF arrangements over the interests of their clients.

Persons: Vlad Tenev, Tenev, Robinhood, we've, Ameritrade, Charles Schwab, Morgan Stanley Organizations: Nasdaq, CNBC, Citadel Securities, U.S . Securities, Exchange Commission, European Union Locations: U.S

☆ Robinhood CEO expects a younger, tech-savvy customer base in the UK
▼ + stars: | 2023-11-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRobinhood CEO expects a younger, tech-savvy customer base in the UKRobinhood CEO and co-founder Vlad Tenev discusses the outlook for retail investing and how the market has changed since the Covid-19 pandemic.

Persons: Vlad Tenev

☆ Robinhood CEO: Cleaning out bad actors in crypto is good for industry
▼ + stars: | 2023-11-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRobinhood CEO: Cleaning out bad actors in crypto is good for industryRobinhood CEO Vlad Tenev discusses the cryptocurrency market, his outlook for a bitcoin ETF, and regulatory problems surrounding the sector.

Persons: Vlad Tenev

☆ Robinhood opens in UK with low-cost US trading to woo clients
▼ + stars: | 2023-11-30 | by ( Sinead Cruise | ) www.reuters.com time to read: +2 min

The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company's IPO in New York City, U.S., July 29, 2021. Since then, trading activity has shrunk as people grapple with a cost-of-living crisis caused by high interest rates and inflation. Robinhood said UK customers will have access to commission-free trading of more than 6,000 US-listed stocks and American Depositary Receipts (ADRs), without foreign exchange fees and no account minimums. "For too long, UK investors have incurred high fees to invest in the U.S. markets and earned low returns on their uninvested cash," said Jordan Sinclair, president of Robinhood UK. The online brokerage missed Wall Street estimates for third-quarter revenue earlier this month after a slowdown in trading activity.

Persons: Andrew Kelly, Robinhood, Vlad Tenev, Jordan Sinclair, Sinead Cruise, Kirstin Ridley, Jane Merriman, Barbara Lewis Organizations: Inc, REUTERS, Authority, Robinhood, U.S . Federal Deposit Insurance Corporation, Thomson Locations: New York City, U.S, Britain, United States

☆ Stock trading platform Robinhood to launch in UK after two failed attempts
▼ + stars: | 2023-11-30 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Features include the ability to choose from 6,000 U.S. stocks and 24-hour trading five days a week. Robinhood currently offers 24-hour trading in the U.S., allowing trades to happen outside 9:30 a.m. Robinhood won't offer U.K. stocks to begin with but will look to add them as it brings more products into the platform. Jordan Sinclair, Robinhood's U.K. chief, said he expects 24-hour trading to be popular, as it will let users trade on market-moving news. Dan Moczulski, U.K. managing director of EToro, a rival stock trading platform, said the arrival of more competition in the retail trading market marks "an exciting time for the industry."

Persons: Rafael Henrique, Robinhood, Jordan Sinclair, Sinclair, Tenev, Dan Moczulski, Moczulski, Vlad Tenev, We've Organizations: Getty, Robinhood's, CNBC Locations: U.S, British, England

The war is approaching the end of its second year, and Ukraine’s military needs more manpower to sustain a bloody war of attrition against Russia, a country with more than three times the population of Ukraine. In a recent essay, Ukraine’s top military commander, Valery Zaluzhny acknowledged that training and recruiting troops was becoming a serious challenge. The essay acknowledged a bleak reality: Ukraine needs more people in uniform, and it needs them now. Ukraine fills its ranks with volunteers but also has a system of conscription that allows the state to draft men of military age. If the war continues with the same intensity as it is today, there is no way to avoid conscription.

Persons: Volodymyr Zelensky, Valery Zaluzhny, ”, Andriy Demchenko, it’s, Maj, Viktor Kysil, won’t, Mark Holovei, I’m, I’ve, we’re, Maria Zaika, Maria Zaika “, ’, “ I’ve, “, Oleksandr Dyadyushkin, Vlad, Dmytro Kostyuk Organizations: CNN, Russia, State Border Service of, It’s, 5th Assault Brigade, Foreigners Locations: Ukrainian, Washington, Ukraine, Kyiv, State Border Service of Ukraine, Moscow, North Korea, Israel, Gaza, Europe, Russia, Bakhmut

☆ Americans are getting ‘ripped off’ by big banks, Robinhood CEO says
▼ + stars: | 2023-11-15 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —Robinhood is trying hard to lure customers fed up with traditional banks that pay little to no interest on savings. To attract deposits, the stock trading app made famous by the GameStop craze is offering fatter and fatter interest rates. That’s far higher than traditional banks and among the highest in the industry. We see an opportunity to correct that,”Tenev argued this has long been part of the “playbook” of traditional banks. The Robinhood rate of 5% applies to new and existing customers of Robinhood Gold, a subscription service that costs $5 a month.

Persons: New York CNN — Robinhood, ”, Vlad Tenev, ” Tenev, Robinhood, Roth, “, Tenev, We’re Organizations: New, New York CNN, GameStop, CNN, Federal Reserve, American Bankers Association, Bank, AMC, of America, ” Bank of America Locations: New York

☆ Robinhood No Longer Looks Like a Steal
▼ + stars: | 2023-11-08 | by ( Telis Demos | ) www.wsj.com time to read: 1 min

Robinhood gained millions of users during the GameStop craze. But many have left as interest rates have gone up. CEO Vlad Tenev is now focused on growing Robinhood into more than just a trading app. Photo Illustration: Adam FalkRobinhood Markets may be building the brokerage of the future—and maybe it always will be. One big factor: The revenue momentum from higher interest rates is petering out.

Persons: Robinhood, Vlad Tenev, Adam Falk Robinhood Organizations: GameStop

☆ Robinhood drops 14% after reporting big declines in trading volume and revenue
▼ + stars: | 2023-11-08 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Shares of Robinhood fell Wednesday after the retail brokerage reported a drop in trading volumes in the last quarter and said it's looking to expand growth in Europe. Robinhood also reported fewer monthly active users, which fell 16% to 10.3 million in the third quarter from the same period last year. Although third-quarter revenue rose 29% to $467 million, it fell short of the $480 million analysts were predicting. Revenue was hurt by a 13% decline in third-quarter transaction revenue tied to stock trading, compared with the same period last year. The drop in trading coincides with rising treasury yields –with the 10-year Treasury yield topping 5% just last month – that have been weighing on equities.

Persons: Robinhood, Crypto, we've, Vlad Tenev Organizations: Treasury Locations: Robinhood, Europe

☆ With China playing catchup with the U.S., these 3 charts show the top countries for fintech in 2023
▼ + stars: | 2023-10-26 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

UK has second-biggest number of top fintech firmsThe U.S. was home to 65 of the top fintech companies, according to CNBC's list of world's top 200 fintech companies. In the U.S., some of the top global fintech companies on Statista's list include names like Stripe, PayPal and Intuit . Stateside, meanwhile, the largest fintech unicorns are Stripe ($95 billion), Chime ($25 billion), Ripple ($15 billion), Plaid ($13.5 billion), Devoted Health ($12.6 billion, and Brex ($12.3 billion). Other leading ecosystems for fintech unicorns include India, on 17 unicorns, and China, on eight. Standing in 8th place is Mexico, with five fintech unicorns, Singapore, also with five, and the Netherlands, which has four in total.

Persons: Ed Jones, Starling, Tencent, Statista, Andreessen Horowitz, Wise, Vlad Tenev, Group's, —, Nick Parmenter Organizations: AFP, Getty, CNBC, Statista, Ant Group, Plaid, Visa, Mastercard, European Union, Apple, Google, Sequoia Capital, PayPal, Intuit, Financial, Authority, Consumers Locations: U.S, Beijing, China, Silicon, Europe, Ukraine, Covid, India, France, Brazil, Germany, Mexico, Singapore, Netherlands, Statista

☆ Israel did not bomb that hospital, according to the latest intelligence. It's a reminder that in war, all sides engage in propaganda.
▼ + stars: | 2023-10-22 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +8 min

Israel was blamed for bombing a hospital in Gaza. The incident serves as a reminder that, in war, all sides engage in propaganda. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . First, the fog of war, paired with social media, is a recipe for inaccuracy.

Persons: Israel, —, Shireen Abu Akleh, Putin, Vlad, Hananya Naftali Organizations: Service, Ahli Arab Hospital, Watch, Israel Defense Forces, West Bank, UN, Bellingcat, Associated Press, Hamas, IDF Locations: Gaza, Ahli, American, Jenin, Israel, Kharkiv, Russia, Ukraine, Syria, Palestinian

☆ Are vampires real? Scientists have linked diseases and decomposition to all the historical tropes of Nosferatu
▼ + stars: | 2023-10-21 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +11 min

Vampires were very real to people in the past, but there are many ways science can explain their characteristics, whether they come from folklore or fiction. But many modern notions of vampires started with the 1700s media frenzy and continued with "Dracula" and other tales. "It's not like a vampire disease where people are wandering the earth for years and years getting to look more and more like vampires," he said. AdvertisementAdvertisementWhile sunlight sapped the count's powers, it was not until the 1922 film "Nosferatu" that the sun's rays killed vampires. As scientists began to learn and understand more about the body and death, stories about vampires started to evolve.

Persons: —, Varney, Michael Hefferon, They're, Hefferon, Michael Bell, Bram Stoker, Dracula, Stoker, Vlad the, Abraham Van Helsing, Vlad III, Vlad, Bram Stoker's, Emily Gerard, Marion McGarry, Charlotte, Charlotte Stoker's, McGarry, sickles, Mercy Bell, she'd, bloating, John Polidori, debonair Lord Ruthven, Lord Byron, Ruthven Organizations: Service, Getty, Dermatology Locations: Serbia, Vienna, Berlin, Paris, London, Romania, Serbian, Austria, Poland, Exeter , Rhode Island

☆ Watch CNBC's full extended interview with Robinhood CEO Vlad Tenev on AI, credit cards and more
▼ + stars: | 2023-10-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full extended interview with Robinhood CEO Vlad Tenev on AI, credit cards and moreCNBC's Kate Rooney sits down with Robinhood CEO Vlad Tenev to discuss the fintech company's outlook for the next 10 years, how it plans to adapt to a changing stock market, and the release of the movie "Dumb Money", a fictional retelling of the GameStop retail trading saga.

Persons: Vlad Tenev, Kate Rooney Organizations: GameStop

☆ Officials Urge Moldova to Seize Opportunity for EU Membership
▼ + stars: | 2023-09-30 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +3 min

By Alexander TanasCHISINAU (Reuters) - Moldova launched a nationwide discussion on securing European Union membership, with senior officials and academics urging their compatriots to seize every opportunity to join the bloc or run the risk of being left behind or sinking into chaos. Foreign Minister Nicu Popescu launched the discussion on EU membership on Friday, saying that public participation "has a critical meaning in building a more prosperous future within the framework of the community of Europe". The Moscow-sympathetic opposition, thrown out of power by Sandu's landslide 2020 election victory, is sceptical about EU membership. Moldovans, their country wedged between Ukraine and EU member Romania, have proved enthusiastic. Sandu and other officials have suggested that Moldova should forge ahead with its EU membership bid and ignore separatist Transdniestria, much like Cyprus was allowed to join despite the Turkish occupation of its northern regions since the 1970s.

Persons: Alexander Tanas CHISINAU, Maia Sandu, Nicu Popescu, Vlad Culminschi, Transdniestria, Sandu, Ron Popeski, Leslie Adler Organizations: European Union, Moscow's, Institute of Strategic Initiatives Locations: Moldova, Soviet Moldova, Ukraine, Sandu, Russian, Transdniestria, Europe, Moscow, Romania, Cyprus, Soviet Union

Zaporizhzhia, southern Ukraine CNN —A group of Ukrainian soldiers moves swiftly through a front-line training ground, overcoming obstacles and firing at distant targets. They are fine-tuning their battle skills here as Ukraine’s counteroffensive against Russian forces rages just few miles to the south. “When we had contact (with the Russian forces), I had to move away from the trail,” Danilo said. Vlad, a combat medic, says many of those injured by mines in recent months have been sappers working to clear territory so Ukrainian forces can advance. ‘Victory or death’Following his recuperation in Mexico, Danilo is back in the battle, supporting Ukrainian forces as they advance in the south.

Persons: Ukraine CNN —, Danilo, “ I’m, ” Danilo, Volodymyr Zelensky, Vasco Cotovio, “, ”, Vlad, won’t Organizations: Ukraine CNN, CNN, Vasco, Geneva Convention, Russian Ministry of Defense, ” Kyiv, ‘, Ukraine’s Locations: Ukraine, Russia’s, Florida, Zaporizhzhia, Russian, Mexico, Ukrainian, Geneva

☆ Robinhood CEO Vlad Tenev on credit cards: This is an industry waiting to be disrupted
▼ + stars: | 2023-09-29 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRobinhood CEO Vlad Tenev on credit cards: This is an industry waiting to be disruptedVlad Tenev, Robinhood co-founder and CEO, joins 'Power Lunch' to discuss the slowdown of retail investors, the outlook for Robinhood, and more.

Persons: Vlad Tenev, Robinhood

☆ I tried the new Coke flavor made with AI. I was surprised by the taste.
▼ + stars: | 2023-09-23 | by ( Haley Tenore | ) www.businessinsider.com time to read: +4 min

Coca-Cola y3000 is a new, limited edition flavor that promises to transport your taste buds into the next millennium. I was surprised that I liked Zero Sugar better. The Zero Sugar has zero calories and contains aspartame. AdvertisementAdvertisementOn the first sip, I struggled to tell the difference between Coca-Cola Y3000 and regular Coke. One thing that surprised me is that I enjoyed the Zero Sugar version more.

Persons: Oana Vlad, Coca, Haley Tenore Organizations: Service, Cola Locations: Wall, Silicon

☆ Robinhood is cutting jobs, reorganizing teams, and focusing on credit cards to solve a shrinking user base, insiders say
▼ + stars: | 2023-09-21 | by ( Ashley Stewart | Rebecca Ungarino | ) www.businessinsider.com time to read: +3 min

Robinhood is laying off more employees and reorganizing teams as part of a new focus on credit cards as the company tries to mitigate a shrinking user base, insiders say. In June, Robinhood announced plans to acquire no-fee credit card startup X1 for $95 million. Credit cards are much higher-margin products than stock-trading and generally less exposed to volatile markets. X1 and Robinhood's future in credit cards were the focus of the company's last all-employee meeting, the person said. The layoff was widely reported, but audio of an all-hands meeting reviewed by Insider recently showed ongoing cuts have been deeper .

Persons: Robinhood, we've, Vlad Tenev, Tenev Organizations: Robinhood, JPMorgan, Menlo, Say Technologies, TechCrunch Locations: , California

☆ In thick of wild-card race, Jays eye series win vs. Red Sox
▼ + stars: | 2023-09-16 | by ( Field Level Media | ) www.reuters.com time to read: +3 min

September 16 - After being swept in a four-game series by the Texas Rangers, the Toronto Blue Jays can clinch their three-game set with the visiting Boston Red Sox on Saturday afternoon. The Blue Jays (81-67) took the series opener 3-0 over the Red Sox (74-74) on Friday night. "We've got a 15-game season right now," Blue Jays manager John Schneider said before the Friday game. The victory moved the Blue Jays to within a half-game of the Seattle Mariners (81-66) for the third American League wild-card spot. The Red Sox have lost eight of their past 10 and have fallen out of the AL wild-card race.

Persons: We've, John Schneider, Vladimir Guerrero Jr, Jose Berrios, Brayan Bello, Guerrero, Schneider, Bo Bichette's, Vlad, Bo, Springer, Berrios, Chris Bassitt, Chris Sale, Alex Cora, he's, Triston Casas, Nate Pearson, Bowden Francis, Chris Murphy, Brandon Walter, Worcester, Murphy Organizations: Texas Rangers, Toronto Blue Jays, Boston Red Sox, Blue Jays, Red Sox, Boston, Seattle Mariners, American League, Mariners, Los Angeles Dodgers, Bassitt, Toronto, Baltimore Orioles, Sox, Triple, Buffalo, Worcester, Thomson Locations: Texas, Toronto, Boston, Buffalo

☆ U.S. vs. China: The Race to Build Hypersonic Missiles
▼ + stars: | 2023-09-15 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Can Robinhood Reinvent Investing Again? CEO Vlad Tenev Is Betting on It. Robinhood gained millions of users during the GameStop craze. CEO Vlad Tenev is now focused on growing Robinhood into more than just a trading app. WSJ sat down with him to hear his plans.

Persons: Vlad Tenev, Robinhood, Adam Falk Organizations: GameStop

☆ Can Robinhood Reinvent Investing Again? CEO Vlad Tenev Is Betting on It.
▼ + stars: | 2023-09-15 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

These Tiny Scottish Islands Are Betting Big on Wind as Oil Dries Up For 50 years, the Shetland Islands in the North Sea have relied on nearby oil resources to keep their economy humming. Now, as oil fields dry up, this tiny U.K. archipelago is shifting to offshore and onshore wind farms to power its economy. Photo: William Edwards/AFP

Persons: William Edwards Locations: Shetland

☆ Coke's latest mystery flavor is AI-generated
▼ + stars: | 2023-09-12 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +3 min

The latest one, Coca-Cola Y3000, fits the bill. Coca-Cola has used its Creations platform, responsible for limited-edition flavors like Y3000, to try to make the brand resonate with younger consumers. Like all Creations drinks, Coca-Cola Y3000 is designed to taste mostly like Coke, with a bit of something else. For the product’s packaging — which appears to allude to a Y2K aesthetic with funky bubbles, pink and blue coloring and a pixelated logo — Coca-Cola used AI-generated images to create a mood board for inspiration. “They’re more engaging and more interesting, demonstrably, than a flavor, a Coke with vanilla or something,” he said.

Persons: it’s “, ”, Rosalía, “ We’re, Oana Vlad, James Quincey, “ Organizations: New, New York CNN, Riot Games, of Legends, CNN Locations: New York, United States, Canada, Dreamworld

☆ AI expert is a hot new position in the freelance jobs market
▼ + stars: | 2023-09-10 | by ( Ophelia Anwah | ) www.cnbc.com time to read: +6 min

Three years ago, becoming an AI expert would involve "deep knowledge in machine learning algorithms, deep learning AI in general, and a lot of technical things," said Hu, who works through Fiverr on chatbot implementation projects. The rise of generative AI is rapidly reshaping the freelance tech job market, with AI-related job posts from employers and searches among job seekers surging across career and freelance job platforms, including LinkedIn, Upwork and Fiverr. There is opportunity for freelancers expert in AI to take advantage of the lack of AI skills among existing industry professionals, across sectors of the economy. She added that independent methods of education, including YouTube videos or blogs focused on AI skills, are becoming more sought after in the workforce. Hu said to start with the basics, including use of OpenAI tools, like ChatGPT, ChatGPT API, Dall-E, and davinci.

Persons: —, Hu, Vlad Hu, Hu isn't, Fiverr, Karin Kimbrough, we've, Margaret Lilani, Lilani, Victoria Papalian Organizations: LinkedIn, Microsoft, Freelance Locations: Fiverr, U.S

☆ Ukraine says it hit Russian military base in annexed Crimea
▼ + stars: | 2023-08-26 | by ( ) www.reuters.com time to read: +2 min

Aug 26 (Reuters) - Ukraine's GUR military intelligence agency said on Friday a Ukrainian drone attack had hit a Russian military base deep inside annexed Crimea, while residents reported casualties, explosions and a road closure. Ukrainian intelligence officials said the attack struck Russia's 126th Coastal Defence Brigade based in Perevalnoye, a town more than 200 km (120 miles) from Ukraine-controlled territory. Moscow annexed Ukraine's Crimea in 2014, declaring it Russian territory. The United States says it supports Ukrainian attacks on Russian military targets on the Black Sea peninsula of because it should be demilitarised. "Why was a gate to the military town closed?"

Persons: Ukraine's, Andriy Yusov, Kyrylo Budanov, Abdul Has, Vlad, Julia Julia, Lis, Maria Tsvetkova, William Mallard Organizations: Coastal Defence Brigade, Thomson Locations: Ukrainian, Russian, Crimea, Russia, Russia's, Perevalnoye, Ukraine, Moscow, Ukraine's Crimea, United States, New York

☆ Bloomberg LP names Vlad Kliatchko CEO in top level overhaul - The Information
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +1 min

Former mayor of New York Michael Bloomberg speaks during a meeting with Earthshot prize winners and finalists at the Glasgow Science Center during the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 2, 2021. Alastair Grant/Pool via REUTERS/File Photo Acquire Licensing RightsAug 21 (Reuters) - Bloomberg LP is replacing CEO Michael Bloomberg with product head Vlad Kliatchko and appointing former Bank of England governor Mark Carney as its chair in a management shake-up, the Information reported on Monday, citing an internal memo. New members will be appointed to the board and existing members will become emeritus, according to the report. Thomson Reuters-owned Reuters News competes with Bloomberg News, a unit of Bloomberg L.P. Reporting by Yuvraj Malik in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

Persons: New York Michael Bloomberg, Alastair Grant, Michael Bloomberg, Vlad Kliatchko, Mark Carney, JP Zammitt, Patti Roskill, Thomson, Bloomberg L.P, Yuvraj Malik, Arun Koyyur Organizations: New York, Glasgow Science Center, Change, Bloomberg, Bank of England, Thomson Reuters, Reuters, Bloomberg News, Thomson Locations: Glasgow, Scotland, Britain, Bengaluru

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