Fidelity news and trends

Bitcoin Reaches $35,000 Thanks to ETF Anticipation
Bitcoin // October 24, 2023

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 reached $35,000 for the first time since last year, driven by the possible approval of the first U.S. spot Bitcoin...

Fidelity Slashes Value of Its Twitter Stake Once Again
Investments // May 31, 2023

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 reportedly slashed the value of its own stake in the company — now listed as X Holdings — a number...

Latest Provider Ranking of Personal Finance Apps Finds Chime Out in Front
Mobile Applications // April 26, 2023

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 make it easier. We’ve seen a good deal of movement since our last check-in, so follow along as we run...

Provider Ranking of Personal Finance Apps Crowns a New Number One
Consumer Finance // March 16, 2023

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 anyone likes big changes to personal finances — with the exception of sudden unexpected wealth — but this month’s ranking...

Interviews & Exclusives
As Workers of the World Await Fidelity’s Bitcoin 401(k), Will IRA-Friendly ETFs Be Next?

September 05, 2022
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 offer the option to invest in cryptocurrency on some employer-sponsored retirement plans by the end of the year. The Fidelity Digital Asset Accounts will give employers the choice to allow […]

Quick Reads
Robinhood Begins Pulling Customers From Larger Brokers

December 17, 2023
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 account transfers since Oct. 23, the day it began offering a 1% match on transferred brokerage accounts, the company told The Wall Street Journal (WSJ) in a report published Saturday […]

Bitcoin Reaches $35,000 Thanks to ETF Anticipation

October 24, 2023
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 reached $35,000 for the first...

Fidelity Slashes Value of Its Twitter Stake Once Again

May 31, 2023
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 reportedly slashed the value of...

Instacart Investor Slashes Grocery Deliverer’s Valuation to $14.7B

July 18, 2022
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, Bloomberg reported Monday (July 18)....