Robinhood is taking a major step into the competitive world of premium credit cards as the company looks to broaden its financial services and appeal to wealthier customers. The Menlo Park, California based trading platform recently unveiled a new Platinum credit card with an annual fee of $695. The move positions Robinhood alongside major financial…
wealth management
Morgan Stanley Announces 2,500 layoffs after record year
Morgan Stanley is reducing its global workforce by about 3%, a move that will affect roughly 2,500 employees across multiple divisions. The decision arrives despite the investment banking giant reporting a record year financially, highlighting a complex moment for the firm as it adjusts to changing business priorities. The cuts span several areas of the…