Robinhood (HOOD) has become the de facto investment platform for new retail investors, especially those in the younger cohort. This has evolved into a stock market windfall, showing no signs of slowing in the past two years. The platform's popularity has been boosted by the broader market's rally, which has lifted HOOD stock by 421% over the past year. Bulls expect the rally to continue. The argument is that Robinhood has established itself as a mainstay in the investing space and will be able to aggressi ...

The City watchdog has backed down on plans to force thousands of firms to comply with strict new consumer rules after pressure from Rachel Reeves to slash red tape. On Tuesday, Nikhil Rathi, the Financial Conduct Authority (FCA) chief, said he planned to water down the watchdog’s controversial consumer duty reforms introduced in 2023, which aimed to make investing less risky for savers. The changes, which aimed to boost protections for customers, had caused a headache for thousands of City firms because ...