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Its not a well-publicized feature, but stock trading app Robinhood is also in the lending business. Late last week, some issues with that business attracted the attention of CBS MoneyWatch, which found that investors who borrowed money from Robinhood were nearly 14 times as likely to be unable to repay those loans, when compared to other broke
stanley cup rages.On its site the loan program is listed under the Margin Investing section. According to the site, investing on margin means that youre borrowing money from Robinhood to buy stocks. This lets you invest more money your own money plus borrowed money for greater potential gains or losses. The Financial Industry Regulatory Authority FINRA , a government-authorized regulator of brokerage firms, mandates that investors deposit at least $2,000 before trading on margin. The site also clearly states the risks involved in the buy on margin business. It warns that with margin investing, th
stanley cup canada e returns on any stocks bought with the loan will directly affect the users account value. If the stocks purchased on margin lose value, so does the account. Losses do not reflect the actual loan amount, they affect the account. States Robinhood: its possible for margin to increase your losses. Which is apparently what has been happening, as per the CBS report. It found that margin investing more than doubled in the first half of 2020, often with negative results. CBS also said the l
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True Fit, the Boston-based startup that helps connect customers with shoes and apparel that fits them really, really well, recently announced a $25 million investment from Intel Capital that it will use to expand its business, according to a report from TechCrunch.True Fit, which works with major retailers and brands, like Macys, Under Armour
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stanley termoska lize on the exploding online apparel business and claims that retailers and brands who use it see less returns and a 5聽percent lift in total revenue for their business. Right now is an amazing time for apparel and footwear retailers, True Fit Cofounder Romney Evans said in a video posted on True Fits website. Its one of the largest consumer categories, totally underpenetrated. Theres nowhere to go but up. This is the second round of multi-million dollar funding for True Fit, which also received a $15 million investment back in Jan. 2015 that it used for expansion. At that time, TechCrunch reported that True Fits algorithm used data sources from more than 1,500 brands and that the service had surpassed 5聽million registered users with profiles on the True Fit website. We help real people find clothes and shoes theyll love and keep, True Fit
