Robinhood investment app now has a cash management option
The popular investment app Robinhood recently received a new feature called Cash Management, which will allow users to keep uninvested cash in an account where it can earn risk-free interest similar to a checking account. Currently, users with Cash Management will earn an interest rate of 1.3 percent on uninvested cash, with Robinhood and its 12 partner banks charging no transfer or foreign transaction fees.
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President Donald Trump’s executive order banning American use of WeChat, the most popular app in China, takes effect next month, but some in China are already turning to an American app renowned for its privacy protections. Downloads for Signal, an encrypted chat app that privacy advocates generally regard as best-in-class for everyday use, are spiking in China, a spokesperson for the app said Friday
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Tim Cook defends App store commission structure in testimony
Apple CEO Tim Cook defended the company’s App Store commission structure in his sworn testimony before the House Antitrust Subcommittee on Wednesday. He claimed the majority of the apps pay no commission at all, with others paying either 15 or 30 percent, based on the specifics of their particular situation
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The Global ‘App War’
The Global ‘App War’
Nations and companies around the world are being forced to pick a side between the US-China technology war. The latest casualty is TikTok, a popular video app with more than a billion users. The app is owned by a Chinese company Bytedance. TikTok was blocked in India after a heated border clash with China. Then, on Monday, US authorities said they would look at banning the app
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CNN
Chingari crosses 10 million downloads in India, says ‘No’ to Chinese funding
India recently banned 59 Chinese apps including social networking app TikTok with more than 200 million users but the ban helped local start-ups to flourish. Chingari is a Tik-Tok alternative, the short-form video-sharing app crossed 10 million downloads on the Android Play Store in under a month. While talking about Chinese money, Co-Founder Sumit Ghosh said “ “No Chinese money, no Chinese companies’ money, Not now, not ever,”
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CNBC