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☆ Millennials Big Money Mistake: Holding Cash Instead of Buying Stocks
▼ + stars: | 2024-10-24 | by ( Callie Cox | ) www.businessinsider.com time to read: +10 min

This, despite the fact that younger investors were more optimistic about the economy, their incomes, their living situations, and their investments. Millennial investors have been deeply scarred by two life-changing crises in their young lives. But if you look at hard numbers from the Federal Reserve about what millennial investors actually own, you can see that this stereotype is misguided. When you compare millennials' cash levels with Gen X's cash levels at the same age, though, the risk aversion becomes clear. But when it comes to younger investors, I think the scars run deeper than worries about a coming downturn.

Persons: Cash, it's, millennials, Gen Xers, boomers, There's, would've, you'd Organizations: Bank of, Federal Reserve, University of Michigan, Occupy, Dow, Netflix Locations: eToro, United States, YOLO

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEToro reaches $1.5 million settlement with the SEC: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Thomas Perfumo of Kraken discusses whether the U.S. election is driving crypto prices.

Persons: explainers, Thomas Perfumo Organizations: SEC, CNBC Crypto, CNBC

☆ Millennials will inherit $90 trillion by 2034. 3 reasons they'll supercharge the ETF market, according to $4.3 trillion State Street.
▼ + stars: | 2024-07-22 | by ( Christine Ji | ) www.businessinsider.com time to read: +7 min

Namely, millennials invest in exchange-traded funds more than any generation before them, according to State Street Global Advisors' 2024 ETF Impact Survey. AdvertisementOverall, State Street, which manages $4.3 trillion in assets, found that boomers are doomers when it comes to the overall economic outlook. State Street Global AdvisorsMillennials across the world are also more likely than any other generation to hold ETFs in their portfolios. AdvertisementETFs also offer easy liquidity, especially when compared to the mutual funds that are popular with older demographics. Investors can't trade mutual funds intraday because trades are executed once a day after the 4 p.m. market close.

Persons: —, aren't, Scott Chronert, Chronert, millennials, Michael Arone, Vanguard Russell, Russell, That's Organizations: Service, Street Global Advisors, Business, State Street Global Advisors, Mutual, Citigroup, Bank of America, State, Trust, Vanguard, Nasdaq, Boomers, Bond, Bond Market, State Street, Galaxy Asset Management, Street Locations: Australia, Singapore, Japan

☆ EToro surveyed 10,000 retail investors to see what's in their portfolios. Here's the breakdown of how they're betting on cash, crypto, and their top 3 stock-market sectors.
▼ + stars: | 2024-06-27 | by ( Christine Ji | ) www.businessinsider.com time to read: +4 min

EToro surveyed 10,000 retail investors in 12 countries to see what they're holding in their portfolios, collecting data from the period of May 15 to June 5, 2024. Thirty-eight percent and 32% of retail investors in these countries, respectively, own cryptocurrency, compared to 27% in the US. Top stock market picksEquities remain popular among retail investors, coming in second only to cash. Unsurprisingly, technology was a top pick for retail investors eager to take advantage of the tech-driven market rally of this year. Other areas of interest include real estate, communications, and healthcare, with 30% or more of retail investors indicating that they were invested in these sectors.

Persons: —, eToro, Cash, Sam North, Cryptocurrency Organizations: Service, Business, ECB Locations: EToro, Spain, Germany

☆ For Pride Month, eToro U.S. CEO on combating anti-gay sentiment
▼ + stars: | 2024-06-05 | 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 EmailFor Pride Month, eToro U.S. CEO on combating anti-gay sentimentFor Pride this year, eToro U.S. CEO Lule Demmissie encourages learning to not burn down bridges.

Persons: Lule Demmissie Organizations: U.S, eToro U.S

☆ EToro wants to bring its trading app to Apple Vision Pro and Meta Quest headsets
▼ + stars: | 2024-02-27 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

An Apple Vision Pro mixed reality (XR) headset is seen at Apple store in New York, United States on Feb. 3, 2024. Online brokerage firm eToro is exploring ways to bring its retail trading app to augmented and virtual reality headsets from Apple and Meta, the company's CEO Yoni Assia told CNBC exclusively. EToro, which operates a trading platform on which users can buy and sell a range of assets ranging from stocks and exchange-traded funds to cryptocurrencies like bitcoin, is looking at ways of launching on Apple Vision Pro and Meta Quest. "We are planning to look at how we think about eToro with natural language, with voice, but actually also in the realm of AR VR, during 2024," Assia told CNBC last week. However, he suggested it will be a serious focus for the firm in 2024.

Persons: Yoni Assia, eToro, Assia Organizations: Apple, Meta, CNBC, Apple Vision, Vision Locations: New York, United States

☆ 'We definitely are eyeing the public markets': eToro CEO considers IPO after scrapped SPAC deal
▼ + stars: | 2024-02-26 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

"We definitely are eyeing the public markets," Assia told CNBC in an exclusive interview last week. "I definitely see us becoming eventually a public company." EToro has already put the work in toward becoming a public company, he suggested, and the question of listing is more a matter of when, not if. Retail investors come to eToro to buy shares of a public company. EToro now has 35.5 million registered users, and over 3 million funded accounts.

Persons: Yoni Assia, Assia, EToro, eToro Organizations: Stock, CNBC, Nasdaq, eToro, EToro Club Locations: Lisbon, Portugal

☆ Bulls are out more than bears in the retail investing space, says eToro U.S. CEO
▼ + stars: | 2024-02-09 | 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 EmailBulls are out more than bears in the retail investing space, says eToro U.S. CEOLule Demmissie, eToro U.S. CEO, joins 'Closing Bell Overtime' to talk the retail earnings space as the bull market continues to run.

Persons: Lule Demmissie Organizations: eToro U.S Locations: eToro

☆ Y Combinator-backed trading app Pluto Markets just raised $2.6 million with this 14-slide pitch deck
▼ + stars: | 2024-02-07 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Pluto Markets, a trading app backed by famed accelerator Y Combinator, has raised $2.6 million in fresh funds. The Danish fintech startup, founded in 2021, wants to upend the market for retail trading offerings in Europe. "Companies raised a lot of money to blitz scale across the EU but have now focused on their core markets. Unlike most fintech brokerages, Pluto secured an EU-wide investment license before it had raised $1 million in funding, having bootstrapped and stayed lean. You can check out Pluto Market's 14-slide pitch deck below:

Persons: Joakim Bruchman, Goldman Sachs, We've, Bruchmann, Pluto, Oscar Vingtoft Organizations: Business, Companies, Trade Republic, Saxo Bank, EU Locations: Danish, Europe, Denmark, France, Germany, Berlin

☆ Elon Musk's X to launch peer-to-peer payments this year
▼ + stars: | 2024-01-09 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Elon Musk's social media platform X, formerly known as Twitter, announced it will launch peer-to-peer payments this year, according to a Tuesday blog post. X said the payments will unlock "more user utility and opportunities for commerce" as the platform works to "revolutionize 2024." The blog post did not offer specific details about how the payments will work or when they will officially launch. According to the Nationwide Multistate Licensing System website, X Payments LLC — the payment subsidiary of X — has only obtained money transmission licenses in 14 states so far. Introducing peer-to-peer commerce to the platform would mark the latest sweeping change at X since Musk acquired the company for $44 billion in late 2022.

Persons: Elon, Twitter —, X, —, Musk Organizations: SpaceX, Twitter, New York Times, X, eToro Locations: New York City

☆ 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

SoFi will no longer be offering crypto trading services starting on December 19, 2023. Account Minimum $0 ($1 for fractional shares; $2,000 for margin trading) Fees 0% ($5/month for Robinhood Gold) Pros Check mark icon A check mark. Buy, sell, or store more than 170 cryptocurrencies like bitcoin and dogecoinCheck mark icon A check mark. Limited staking options Insider’s Take Coinbase is one of the best investment platforms for crypto trading, staking rewards, and crypto storage. The crypto trading app has 24/7 customer support, zero trading fees, learning rewards features, and an online storage wallet.

Persons: SoFi, eToro, Jeremy Zafiros, you'll Organizations: SoFi, Robinhood, Coinbase, Pro, USA, eToro USA, Smart, eToro Trading, eToro, Visa, Mastercard Locations: Blockchain.com, USA, New York , Minnesota , Nevada , Puerto Rico , Tennessee, Hawaii, Guam, American Samoa , Northern Marianas, There's, New York , Nevada , Puerto Rico, American Samoa, Virgin Islands, Abra

☆ ChatGPT's father Sam Altman was ousted by OpenAI's board then took a top job at Microsoft over the weekend. Here's how investors, analysts, and insiders reacted to the drama.
▼ + stars: | 2023-11-20 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Sam Altman was ousted from OpenAI then accepted a top job at Microsoft over the weekend. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOver the course of a whirlwind weekend, OpenAI cofounder Sam Altman was ousted from ChatGPT's parent company and promptly accepted a job running a new AI research team at Microsoft. [Microsoft CEO Satya] Nadella says they're still committed to OpenAI. (Ware predicted brain drain as other OpenAI employees follow Altman to Microsoft or join other rivals now he's no longer in charge.)

Persons: Sam Altman, OpenAI, —, Microsoft didn't, Dan Ives, Altman, — that's, Jason Ware, They've, Satya, Nadella, they're, They're, Ware, Ben Laidler, Emmett, Joshua Mahony, Jim, Fan, Satya swoops, I'm, Jason Calacanis, It's Organizations: Microsoft, Wall Street, Service, Nasdaq, Albion Financial, CNBC, Markets, Nvidia Locations: OpenAI

☆ Majority of retail investors still 'long-term investors', says eToro CEO Lule Demmissie
▼ + stars: | 2023-10-30 | 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 EmailMajority of retail investors still 'long-term investors', says eToro CEO Lule DemmissieLule Demmissie, eToro U.S. CEO, joins 'Closing Bell Overtime' to talk the state of the retail investor in an uncertain market environment.

Persons: Lule Demmissie Organizations: eToro U.S Locations: eToro

☆ High rates are historically bad for bitcoin. Here’s what’s in store for crypto with the 10-year near 5%
▼ + stars: | 2023-10-21 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

High interest rates have not been bitcoin's friend in the past, and the benchmark 10-year U.S. Treasury yield recently reaching new generational highs comes at an especially inconvenient time for the cryptocurrency. "We continue to see high yields as a negative for bitcoin and in particular crypto more broadly," said Needham analyst John Todaro. The central bank chief also left the door open for higher interest rates , saying he doesn't think levels are currently too high. In the past, high yields have put pressure on crypto, giving investors fewer reasons to bet on high-risk assets such as bitcoin in the face of high yield, low risk assets like government bonds. Callie Cox, an analyst at the investment company eToro, said bitcoin could actually continue to do well — partly as a result of high interest rates.

Persons: it's, Needham, John Todaro, Jerome Powell, Rob Ginsberg, Ginsberg, Callie Cox, bitcoin, What's, Crypto, Cox Organizations: Treasury, Wolfe Research

☆ Bitcoin hits two-month high above $30,000 in volatile week
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +2 min

A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsLONDON, Oct 20 (Reuters) - Bitcoin jumped on Friday above $30,000 for first time since July , taking gains for the week past 10%, against a backdrop of volatile trading across cryptocurrencies. Bitcoin, the largest cryptocurrency by circulation, climbed as high as $30,022, its highest since July 23. There was no immediate news catalyst for the move in bitcoin, said Joseph Edwards, head of research at London crypto firm Enigma Securities. The approval of any such applications, crypto investors have said, could usher in a new wave of capital to the asset class.

Persons: Benoit Tessier, Bitcoin, Joseph Edwards, Ben Laidler, Tom Wilson, Elizabeth Howcroft, Amanda Cooper Organizations: La Maison du, REUTERS, Securities, U.S . Securities, Exchange Commission, SEC, BlackRock, Thomson Locations: La, Paris, France, cryptocurrencies, bitcoin, London

Investors were handed an income opportunity they haven't seen in more than a decade when the 10-year Treasury yield climbed near 5% on Thursday. US10Y 5Y mountain 10-year Treasury A 5% yield on the 10-year is a good value, said Kathy Jones, Charles Schwab's chief fixed income strategist. A real yield is a bond's nominal yield minus inflation. "With the 10-year yield nearing 5%, it could be your sign to pick them up." There is also the Vanguard High Dividend Yield ETF (VYM) , which has lost 2.59% and charges 0.06% in fees.

Persons: Barry Glassman, Kathy Jones, Charles Schwab's, Callie Cox, Schwab's Jones, Amy Arnott, Morningstar, Arnott, Cox, John Croke ,, Jones, Morningstar's Arnott Organizations: Treasury, Wealth Services, LendingClub, Vanguard Locations: eToro

But bitcoin fell sharply after a Fox Business reporter said on the social media platform X that BlackRock denied the report. loadingBlackRock later confirmed to Reuters that "the iShares Bitcoin ETP application is still under review by the SEC." "Crypto markets have just shown how sensitive they are to any potential good news, with their premature rally today on rumors of the approval of a spot bitcoin ETF," said Ben Laidler, global markets strategist at eToro. Crypto markets have been awaiting news on several pending spot bitcoin ETF applications, which, if approved, are widely expected to drive investment in the sector. The SEC has denied all spot bitcoin ETF applications on the grounds applicants have not shown they can protect investors from market manipulation.

Persons: Dado Ruvic, bitcoin, Ben Laidler, Joseph Edwards, Lucas Kiely, Tom Wilson, Elizabeth Howcroft, Hannah Lang, Suzanne McGee, Tommy Reggiori Wilkes, Sharon Singleton, Josie Kao Organizations: REUTERS, BlackRock, U.S . Securities, Exchange Commission, Fox Business, Reuters, SEC, Securities, Columbia, Thomson Locations: WASHINGTON, London, Washington

☆ Qantas Chairman Richard Goyder to exit late next year
▼ + stars: | 2023-10-10 | by ( Rishav Chatterjee | ) www.reuters.com time to read: +2 min

Qantas aircraft are seen on the tarmac at Melbourne International Airport in Melbourne, Australia, November 6, 2018. REUTERS/Phil Noble///File Photo Acquire Licensing RightsSummaryCompanies Goyder to retire in late 2024 prior to AGMQantas' recovery after pandemic has not been easy - GoyderOct 11 (Reuters) - The chairman of Australia's Qantas Airways (QAN.AX), Richard Goyder, will leave the flag carrier in late 2024, the company said, as the embattled airline looks to rebuild its tarnished reputation. Goyder had indicated support from the company's biggest shareholders in his appearance in front of the committee. "As a board, we acknowledge the significant reputational and customer service issues facing the group and recognise that accountability is required to restore trust," Goyder said. Qantas said it has initiated the process to pick a new chairman.

Persons: Phil Noble, Richard Goyder, Goyder, Alan Joyce, Josh Gilbert, Josh, Rishav Chatterjee, Maju Samuel Organizations: Qantas, Melbourne International Airport, REUTERS, Qantas Airways, company's, High, Australia, eToro AUS, Thomson Locations: Melbourne, Australia, Bengaluru

☆ Investor pulse check: Top stocks for the retail crowd
▼ + stars: | 2023-10-03 | 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 EmailInvestor pulse check: Top stocks for the retail crowdLule Demmissie, eToro CEO, joins CNBC's "Closing Bell: Overtime" to discuss her top stock picks for retail traders.

REUTERS/David 'Dee' Delgado/ Acquire Licensing RightsOct 3 (Reuters) - The global cryptocurrency market remains badly scarred following the tumultuous collapse of crypto exchange FTX and other big players last year, with crypto prices, volumes and venture capital investment well below their 2021 peaks. BITCOIN BLUESBitcoin, by far the biggest cryptocurrency and the chief barometer for crypto market sentiment, has bounced back about 37% since Nov. 1. Reuters Image Acquire Licensing RightsCRUMBLING MARKET CAPAfter peaking at $3 trillion in November 2021, the value of the overall crypto market plummeted through 2022, hitting a two-year low of $796 billion as FTX imploded. Yet the relative calm in crypto markets is not necessarily a good thing, said some market participants, noting that many investors are attracted to crypto precisely because of its volatility, which offers opportunities to make quick profits. Reuters GraphicsVC CRYPTO BETS TUMBLEVenture capital (VC) investments flooded into crypto during its boom year of 2021, and even through 2022.

Persons: Damian Williams, Samuel Bankman, David, Dee, Delgado, Sam Bankman, FTX, cryptocurrencies, Bitcoin, bitcoin, Ben Laidler, Usman Ahmad, Anders Kvamme Jensen, Robert Le, CCData, Noelle Acheson, Hannah Lang, Elizabeth Howcroft, Tom Wilson, Michelle Price, Andrea Ricci Organizations: REUTERS, Capital, Silvergate Bank, BlackRock, Reuters, Zodia, Chartered, Reuters Graphics, U.S, Venture, Thomson Locations: New York City, U.S, New York, Singapore, London, Washington

☆ Bitcoin has limited upside in the fourth quarter as the possibility of higher rates casts a shadow over crypto
▼ + stars: | 2023-09-29 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

In the final quarter of the year, bitcoin is likely to see continued chop and although there's room for some upside, it may be limited. Despite this, it remains on pace for an 11% decline in the third quarter, historically a weaker quarter for the cryptocurrency. Meanwhile, holding a non-yielding asset like gold or bitcoin could become "less interesting" as rates go higher, Amberdata's Magadini said. There's a significant crowd on both sides, Cox said – "that's why bitcoin is up 60% in a year when the Fed has hiked interest rates so aggressively." The answer to that depends on interest rates, which will probably stay high."

Persons: Bitcoin, bitcoin, Greg Magadini, Rob Ginsberg, wouldn't, haven't, Callie Cox, That's, Amberdata's Magadini, Cox Organizations: SEC, –, Wolfe Research, Fed

Their work progressed, and an Apple investing feature was meant to roll out in 2022. Source: AppleThe Apple Card launched with much fanfare three years ago, but the business brought regulatory heat and racked up losses as its user base expanded. Earlier this year, Goldman rolled out a high-interest savings account for Apple Card users, offering a 4.15% annual percentage yield. Before Goldman's pivot away from retail banking, the company examined ways to expand its partnership with Apple, sources said. WATCH: Goldman's Apple Card faces mounting credit losses

Persons: Goldman Sachs, Goldman, Tim Cook, Loren Elliott, That's, David Solomon, Charles Schwab, Morgan Stanley's, It's, Robinhood, Elon Musk's Organizations: Apple, Goldman, Reuters Apple, GameStop, AMC, Apple Card, American Express, . Stock, eToro, PayPal Locations: Cupertino , California, U.S, Block's

☆ Musk's X to collect biometric information and employment data
▼ + stars: | 2023-09-01 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

In this photo illustration, the new Twitter logo rebranded as X (X Corp.) is seen on a smartphone and Elon Musk Twitter account with the new X logo on a pc screen. The X social media platform formerly known as Twitter will start collecting the biometric and employment information of its users, according to a Thursday update to the company's privacy policy. It is not clear how X plans to use the biometric information of users. X could theoretically collect biometric information from users through their photos or video, by requesting that they turn on their camera. Under Musk, X has sought to expand its reach beyond social media, messaging and audio content into areas such as financial services and recruitment.

Persons: X, Linda Yaccarino, EToro Organizations: X Corp, Elon, Twitter, Microsoft, CNBC, Bloomberg News, Musk, NBC Universal, Advertising, PayPal

U.S. bond investors nonetheless dialled back their bets of a rate hike in November and December following Powell's remarks, though Treasury yields traded near break-even by late morning. The yield on 10-year Treasury notes was steady at 4.2314% and the two-year yield, which reflects interest rate expectations, rose to 5.0735%. "We've seen a back-off in ECB rate hike expectations. Boston Fed President Susan Collins said on Yahoo Finance's video channel that rates may be near or at a peak, "but certainly additional increments are possible." Tokyo consumer price data on Friday, which front-runs nationwide figures, showed inflation remained well above the Bank of Japan's target.

Persons: Toby Melville, Jerome Powell, Powell, David Sadkin, Dow Jones, Christine, Lagarde, Ben Laidler, Patrick Harker, Susan Collins, Shaun Osborne, Joseph Capurso, Kazuo Ueda, Jackson, Brent, Samuel Indyk, Kevin Buckland, Jacqueline Wong, Mark Potter, Chizu Nomiyama, Susan Fenton, Diane Craft, Cynthia Osterman Organizations: London Stock Exchange Group, City of, REUTERS, Federal Reserve, Bel Air Investment Advisors, Nasdaq, European Central Bank, ECB, Reuters, Philadelphia Fed, CNBC, Boston, Yahoo, U.S, Scotiabank, Bank of, Bank of Japan, CBA, West Texas, Thomson Locations: City, City of London, Britain, Jackson Hole , Wyoming, U.S, Asia, Tokyo

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