The U.S. Treasury has appointed Robinhood and BNY Mellon to operate new savings accounts for children under 18, called "Trump Accounts." These accounts start with a $1,000 government deposit, with parents and employers able to contribute additional funds annually. Robinhood will serve as the brokerage and initial trustee, while BNY will manage the accounts and help develop a supporting app. The program aims to encourage early savings and financial literacy among younger Americans, who are currently saving at higher rates than older generations. Users can transfer their accounts to other financial institutions within a year if desired.
On December 1, 2025, YieldMax Ultra Option Income Strategy ETF (ULTY) executed a 1-for-10 reverse split, raising its share price tenfold but not increasing investor value. The fund charges a high 1.24% expense ratio, significantly more than comparabl...
YieldMax Ultra Option Income Strategy ETF (ULTY) promises a high annualized yield near 62% through weekly distributions by selling options on volatile tech stocks. However, its total return over the past year was -4.8%, far below the S&P 500's 22% ga...
A Robinhood user reports persistent attempts by scammers to change the email address on their empty account. Despite having no funds in the account, the user receives notifications and finds the dispute contact number unhelpful, with no live support ...
Robinhood launched its Chain's public mainnet on July 1, 2026, quickly reaching over $70 million in ETH bridged and nearly 193,000 daily active wallets. However, Robinhood is subsidizing gas fees for 90 days, making early usage artificially high. The...
A crypto trader invested about $85 in the meme coin CASHCAT on the Robinhood Chain and saw its value soar to over $2 million after the chain's public launch and CEO Vlad Tenev's endorsement of meme coins. The Robinhood Chain, focusing on tokenizing t...
