Charles Schwab will be eliminating its online trading commissions for U.S. stocks, ETFs starting on October 7. The move slashed Schwab stock by 9.7%.
Indoor fitness startup Peloton gears up for an IPO after strong fiscal 2019 ending June. The company generated over $900 million in revenue and is valued at over $4 billion.
The Abu Dhabi sovereign wealth fund Mubadala Investment Capital endorsed cryptocurrencies by investing in a crypto-asset exchange MidChains.
WeWork Cos. is looking to go public in September, people familiar with the company’s plans said, in what’s expected to be the second-biggest initial public offering of the year. The only bigger IPO would be the one of Uber.
The blockchain accelerator program called Startup Studio which is backed by Fidelity Investments and 20 other companies, has managed to attract over 50 mentors.
Fidelity, Deloitte, Amazon, and 20 other firms are backing a new blockchain accelerator program that is set up by IDEO CoLab Ventures, a venture arm from design firm IDEO.
Judging by recent news, Fidelity Digital Assets, the company which just recently announced that they are adding Bitcoin to their asset managing services, now is seeking for 10 new blockchain experts.
Both the European and Asia branches of Fidelity International are exploring the perception of customers towards cryptocurrencies via a newly launched trading simulator specifically designed for digital assets.
One of the most prominent Wall Street names, Fidelity Investments, still believes in Bitcoin and continues to mine it.
Coinbase is in advanced talks to buy custody provider Xapo. The deal will cost around $50 million for the US major cryptocurrency exchange. However, the decision hasn’t been made yet.