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I have more than 20 credit cards — but I don't need them all. Would canceling a few cause a huge hit to my credit score?
Yahoo Finance· 2025-10-04 11:00
You shorten the length of your credit history and change your credit mix, both of which are also factored into your scoreYou increase your credit utilization ratio because you lose that card's credit line. Utilization ratio is the ratio of credit used versus credit available. Canceling a card removes that portion of credit from your available credit, but since the credit that you’re using doesn’t drop, you end up using more of your available credit. This ratio is the second-most important factor in the cred ...
X @Bloomberg
Bloomberg· 2025-09-25 17:04
Your fancy credit card just hit you with a higher annual fee. Is it worth the extra money? A new tool can help you figure that out https://t.co/y1tvpXfhxC ...
Jim Cramer Appreciates Gemini’s Crypto Pioneering Work but Highlights Stock Decline
Yahoo Finance· 2025-09-20 04:44
Gemini Space Station, Inc. (NASDAQ:GEMI) is one of the stocks Jim Cramer recently shared his thoughts on. Cramer poked fun at the company’s name but acknowledged crypto legacy and discussed the stock’s decline. He stated: “Right now, we need a little curbing. I could say the same thing about Gemini Space Station, the ridiculous name for the crypto outfit, founded by the Winklevoss twins 11 years ago. After a 14% gain on its first day of trading last Friday, the stock has now fallen well below its $28 offe ...
X @Cointelegraph
Cointelegraph· 2025-09-18 20:30
Fintech Innovation - Nubank 正在测试将其“数字美元”与信用卡整合 [1]
X @The Wall Street Journal
RT WSJ | Buy Side (@BuySideWSJ)Consolidate credit card and other high-interest debt.https://t.co/uuMDWb9qzb ...
Wells Fargo CEO Charles Scharf: There's a big dichotomy between higher- and lower-income consumers
Youtube· 2025-09-10 13:05
for a look at the economy, the consumer, the Fed, and so much more. We can go a million places this morning. Joining us in an exclusive interview is Wells Fargo CEO Charlie Sharp, and we're thrilled to have you at the table on this 30th anniversary week of Squawkbox, no less.Great to be here, and congratulations to you. 30 years of anything's an accomplishment. Thank you.So, the big question is the state of the economy. uh your uh colleague, former peer or peer, former colleague Jamie Diamond says the econo ...
X @The Economist
The Economist· 2025-09-05 07:00
Industry Trend - The industry discusses the comparison between using credit cards and "buy now, pay later" services [1]
X @The Wall Street Journal
Debt Management - Consolidating credit card and other high-interest debt is suggested [1]
Introducing the XRP Credit Card: A Game Changer for Holders
Digital Asset News· 2025-08-26 16:20
Product Announcement - Gemini 推出了 XRP 信用卡 [1] - 这是一款限量版金属卡,专为 XRP 爱好者设计 [1] - 使用该卡消费可获得高达 4% 的 XRP 返现 [1] Target Audience - 该信用卡的目标用户是对 XRP 感兴趣并需要信用卡的人群 [1]
Robinhood Soars 405% in a Year: Sustainable Momentum or Market Froth?
ZACKS· 2025-08-26 14:55
Core Insights - Robinhood Markets' shares have surged 405.4% over the past year, significantly outperforming its industry and peers [1][7] - The company's growth is attributed to strong financial results, aggressive product and market expansion, and a favorable operating environment [2][3] Group 1: Business Transformation and Expansion - Robinhood is transitioning from a retail brokerage to a comprehensive financial services ecosystem, aiming to become a global player in wealth management [4][7] - The company has launched several new products, including tokenized U.S. stocks and ETFs for EU investors, and an advanced desktop platform, Robinhood Legend, in the U.K. [5] - Recent acquisitions, such as WonderFi Technologies and Bitstamp, enhance Robinhood's position in the rapidly growing crypto market and provide necessary regulatory approvals for expansion [8][16] Group 2: Revenue Diversification - Robinhood's reliance on transaction-based revenues has decreased from nearly 75% in 2021 to about 54% in the first half of 2025, indicating a shift towards a more diversified revenue model [9] - The introduction of new services like Robinhood Banking and Robinhood Strategies aims to enhance wealth management options for users [10] Group 3: Cryptocurrency Focus - The company's strategy includes a strong focus on cryptocurrencies, with plans to obtain Markets in Crypto-Assets Regulation (MiCA) licenses to offer services across the European Economic Area [14] - Robinhood supports major cryptocurrencies and aims to expand its crypto product suite through acquisitions and enhanced platform capabilities [17] Group 4: Financial Health and Shareholder Returns - As of June 30, 2025, Robinhood reported cash and cash equivalents of $4.2 billion, indicating solid financial health [19] - The company announced a share buyback plan of up to $1.5 billion, reflecting confidence in its financial position and commitment to returning value to shareholders [18] Group 5: Analyst Sentiment and Valuation - Analysts have revised upward the Zacks Consensus Estimate for Robinhood's earnings for 2025 and 2026, indicating bullish sentiment [23] - Despite its strong performance, Robinhood's shares trade at a significant premium compared to the industry average, with a price/book ratio of 11.88X [26] Group 6: Regulatory Challenges - Robinhood faces ongoing regulatory scrutiny, including investigations related to its crypto operations and past fines for securities law violations [20][22]