Fidelity

Fidelity Takes VC Plunge, Raises $250 Million for Tech Investments
Fidelity Takes VC Plunge, Raises $250 Million for Tech Investments
October 02, 2024  |  Investments

Fidelity raised $250 million for its first fund devoted to venture capital. The Boston-based asset manager’s latest push into the private asset space — Fidelity...

READ MORE >
Fidelity Investments Restricts Cash Management Accounts to Shut Down Fraud
Fidelity Investments Restricts Cash Management Accounts to Shut Down Fraud
September 27, 2024  |  Security & Fraud

Fidelity Investments reportedly shut down an online check fraud scheme similar to one that recently struck J.P. Morgan Chase by tightening some restrictions on cash...

READ MORE >
Robinhood Begins Pulling Customers From Larger Brokers
Robinhood Begins Pulling Customers From Larger Brokers
December 17, 2023  |  Investments

Robinhood has reportedly begun enticing customers from more established brokers like Fidelity and Charles Schwab. The online trading platform has received about $1.1 billion in...

READ MORE >
Bitcoin Reaches $35,000 Thanks to ETF Anticipation
Bitcoin Reaches $35,000 Thanks to ETF Anticipation
October 24, 2023  |  Bitcoin

Investor optimism about the future of exchange-traded funds (ETFs) has apparently been good for bitcoin. As Bloomberg News reported Tuesday (Oct. 24), the world’s largest cryptocurrency...

READ MORE >
Fidelity Slashes Value of Its Twitter Stake Once Again
Fidelity Slashes Value of Its Twitter Stake Once Again
May 31, 2023  |  Investments

Twitter is now worth a third of the $44 billion Elon Musk paid for it. That’s according to a recent assessment by Fidelity, which has...

READ MORE >
Latest Provider Ranking of Personal Finance Apps Finds Chime Out in Front
Latest Provider Ranking of Personal Finance Apps Finds Chime Out in Front
April 26, 2023  |  Mobile Applications

It’s always smart to keep a sharp eye on one’s finances, and for that reason, we produce PYMNTS’ Provider Ranking of Personal Finance Apps to...

READ MORE >
Provider Ranking of Personal Finance Apps Crowns a New Number One
Provider Ranking of Personal Finance Apps Crowns a New Number One
March 16, 2023  |  Consumer Finance

Checked on your personal finances lately? We have, in the form of the Provider Ranking of Personal Finance Apps, updated monthly in this space. Not that...

READ MORE >
As Workers of the World Await Fidelity’s Bitcoin 401(k), Will IRA-Friendly ETFs Be Next?
As Workers of the World Await Fidelity’s Bitcoin 401(k), Will IRA-Friendly ETFs Be Next?
September 05, 2022  |  Cryptocurrency

Despite strong opposition from some of the most powerful members of Congress and Department of Labor, which oversees 401(k) plans, Fidelity is still preparing to...

READ MORE >
Instacart Investor Slashes Grocery Deliverer’s Valuation to $14.7B
Instacart Investor Slashes Grocery Deliverer’s Valuation to $14.7B
July 18, 2022  |  Delivery

Capital Group, an Instacart investor, has slashed the delivery firm’s valuation back to $14.7 billion, a big drop from Instacart’s own calculation of $24 billion,...

READ MORE >