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Robinhood’s bid to ‘democratise finance’ collides with Wall St actuality

Robinhood’s bid to ‘democratise finance’ collides with Wall St reality

Robinhood’s ambition to “democratise finance” is about for certainly one of its largest checks after every week of chaotic buying and selling that pushed it to hunt an pressing injection of $1bn and infuriated lots of its most loyal shoppers. The tumult has uncovered the competing priorities the favored buying and selling app faces between pleasing its customers and the realities of working within the closely regulated monetary business.The battle between particular person traders and Wall Avenue hedge funds that reached a peak final Thursday despatched shockwaves by way of the Silicon Valley firm that has come to exemplify the…

Have you brought your PJs? The rise of the private jet set

The pink ball of the sun has long sunk below the horizon as we make our final approach to runway 18 at Chambéry Airport in southeastern France. On a moonless night, there are not many tracks to the location of all the dangers - the lake in front, formidable mountains beyond the runway and to both sides. But when I look through the head-up display in the direction of where the map says the airport is, I can see them all picked out in vibrant fluorescent green, including the runway itself, computer-rendered with faithful clarity exactly where it should be,…

Private jets start as wealthy flyers seek to avoid viruses

Increasing number of wealthy flyers are switch to private jets to reduce the risk of catching coronavirus from other passengers on regular commercial flights. Several private jet operators and brokers have reported an influx of business from first-time users who are happy to pay a premium for a bespoke itinerary that involves minimal contact with the traveling audience. Private jet passengers are often able to drive straight on to the asphalt to get to their plane and cut someone out mixes with other passengers at the airport or on board. While the number of commercial flights has halved, the number…

US police and hearth departments partnering with Amazon’s Ring passes 2,000

US police and fire departments partnering with Amazon’s Ring passes 2,000

Greater than 2,000 police and hearth departments within the US have now partnered with Amazon’s Ring digital camera system, doubling the dimensions of the controversial surveillance community up to now yr.Figures printed by Amazon on Friday confirmed that 1,189 departments within the US have been added to the programme in 2020, with the full — together with 305 hearth departments — now at 2,014, with 62 having been added to this point in 2021.All however two of the 50 US states — Montana and Wyoming — now have departments concerned with the Ring programme, which permits officers to contact customers…

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