financetom
Business
financetom
/
Business
/
Update: Robinhood Lowers Rates for Margin Loans
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Update: Robinhood Lowers Rates for Margin Loans
May 21, 2024 7:31 AM

10:12 AM EDT, 05/21/2024 (MT Newswires) -- (Updates to add detail in the second paragraph.)

Robinhood Markets ( HOOD ) said Tuesday it has lowered the interest rates it offers for margin loans to a range of 5.7% to 6.75%, depending on the customer's margin balance.

The company's previous interest rate was 12% for margin investing, or 8% for Robinhood Gold subscribers, according to the company's website.

Price: 20.65, Change: -0.20, Percent Change: -0.94

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Waste Connections Prices $363.6 Million Debt Offering
Waste Connections Prices $363.6 Million Debt Offering
Jun 12, 2024
03:32 AM EDT, 06/12/2024 (MT Newswires) -- Waste Connections ( WCN ) said late Tuesday it priced a public offering of 500 million Canadian dollars ($363.6 million) of 4.50% senior notes due 2029 at 99.933% of their face value. The offering is expected to close Thursday. The expected net proceeds of about C$495 million are expected to be used to...
Denmark's European Energy signs long-term power deals with Microsoft
Denmark's European Energy signs long-term power deals with Microsoft
Jun 12, 2024
OSLO, June 12 (Reuters) - Danish renewables group European Energy has entered into several long-term power purchasing agreements (PPAs) with Microsoft ( MSFT ) to supply the U.S. tech firm with green electricity, the Copenhagen-based company said on Wednesday. The renewable energy will be produced by a portfolio of wind and solar assets in Sweden and Denmark, European Energy said...
Medtronic Insider Sold Shares Worth $1,601,001, According to a Recent SEC Filing
Medtronic Insider Sold Shares Worth $1,601,001, According to a Recent SEC Filing
Jun 12, 2024
03:33 AM EDT, 06/12/2024 (MT Newswires) -- Geoffrey Martha, Director, Chairman and Chief Executive Officer, on June 07, 2024, sold 19,113 shares in Medtronic ( MDT ) for $1,601,001. Following the Form 4 filing with the SEC, Martha has control over a total of 143,348 shares of the company, with 143,348 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1613103/000161310324000067/xslF345X03/wk-form4_1718146397.xml Price: 82.40, Change:...
Twilio Insider Sold Shares Worth $1,405,449, According to a Recent SEC Filing
Twilio Insider Sold Shares Worth $1,405,449, According to a Recent SEC Filing
Jun 12, 2024
03:33 AM EDT, 06/12/2024 (MT Newswires) -- Khozema Shipchandler, Director, Chief Executive Officer, on June 07, 2024, sold 24,657 shares in Twilio ( TWLO ) for $1,405,449. Following the Form 4 filing with the SEC, Shipchandler has control over a total of 311,325 shares of the company, with 311,325 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1447669/000144766924000098/xslF345X03/wk-form4_1718145056.xml ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved