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Moomoo, an investment and trading platform known for its professional-grade tools and investor empowerment philosophy, has recently unveiled an upgrade to its Cash Sweep program . Aimed at U.S. investors, this program allows users to earn passive income on their idle cash with a 5.1% annual percentage yield (APY)*.Empowering Investors

Moomoo focuses on providing tools and insights aimed at enhancing the capabilities of investors. The platform offers a variety of professional yet accessible tools designed to be useful for users ranging from beginners to more experienced investors. Moomoo seeks to positions itself as a platform that supports the concept of investing as a long-term endeavor, emphasizing its role that users can engage effectively in investment activities like buying and selling shares and performing various stock analyses.

Moomoos platform provides real-time market data, free Level 2 data for funded accounts, advanced technical analysis tools and free detailed order book data to help users define and refine their trading strategies. With a mission driven by transparency, innovation and community , Moomoo aims to provide a comprehensive investment experience for individuals at every level of investing expertise.High APY With No Fees to Join

At the heart of Moomoo's Cash Sweep program is a competitive APY of up to 5.1% for new and qualified users. In stark contrast, TD Ameritrade only provides less than 1% APY. Robinhood offers 5% but this is on the condition of Robinhood Gold subscription, which charge a $5 monthly fee. This is also 11 times of the national average saving account rate.

Moreover, unlike other platforms that might attach various conditions or hidden user fees to their high-yield offerings, Moomoo maintains a transparent and straightforward approach to its cash sweep program. The program is free to join, has no account fees and has no cap on deposit amounts.Flexibility And Ease of Use

Flexibility is another cornerstone of the Cash Sweep program. Investors have the freedom to withdraw or invest their funds at any time, meaning there are no lock-up periods for your money like with Certificate of Deposits (CDs), stablecoin staking platforms or the like. This ensures investors can quickly respond to potential market opportunities without affecting their brokerage account's purchasing power. The program is designed for ease of use, with interest accruing daily and being paid monthly, requiring no manual transfers from the users.Security And Peace of Mind

Security is a paramount concern for any investor. Recognizing this, Moomoo partners with banks that provide coverage for the swept funds in the Cash Sweep program, which is insured by the Federal Deposit Insurance Corporation (FDIC) up to $1 million, subject to FDIC coverage limitations.

Heres how FDIC coverage works for cash sweep accounts and its limitations.

When the uninvested cash in an investors brokerage account is swept to deposit accounts at Program Banks, it becomes eligible for FDIC insurance up to $1 million or $250,000 per Program Bank, inclusive of any other deposits they may already hold at the bank in the same ownership capacity, which may impact how much is covered.

An investor is responsible for monitoring the total amount of deposits they have with each Program Bank in order to determine the extent of FDIC deposit insurance coverage available to them. MFI is not responsible for any insured or uninsured portion of the Deposit Accounts or any other deposits at the program banks.Moomoos Cash Sweep Program

Moomoo's Cash Sweep program introduces an inventive approach for U.S. investors to potentially maximize returns on idle cash. With a 5.1% APY, this program seems to stand out as a robust opportunity to generate interest on idle cash. Beyond offering higher yields, this initiative also embodies Moomoo's commitment to transparency, innovation and fostering a sense of community among its users, aligning with its broader mission to redefine the investing experience.

Featured photo courtesy of Moomoo.

This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice.

*Cash Sweep 5.1% APY is only for new & users that meet either qualifying deposit, transfer, or referral requirements. If conditions are not met, the rate is 0.03%. Rate as of 11/9/23 and can change. Terms & conditions apply.

The Moomoo Financial Inc. (MFI) Cash Sweep Program is a feature of your brokerage account. Interest is earned on the uninvested cash swept from your MFI brokerage account to program banks. Program banks then pay interest on your swept cash, minus any fees paid to MFI. The APY might change at any time at the program banks' or Moomoo Financial's discretion.

Additionally, any fees Moomoo Financial receives may vary and is subject to change. Neither Moomoo Financial Inc. nor any of its affiliates are banks. For more information on the cash sweep program, click here .

When the uninvested cash in your brokerage account is swept to deposit accounts at program banks, it becomes eligible for FDIC insurance up to $1 million or $250,000 per program bank, inclusive of any other deposits you may already hold at the bank in the same ownership capacity, which may impact how much is covered. You are responsible for monitoring the total amount of deposits that you have with each Program Bank, in order to determine the extent of FDIC deposit insurance coverage available to you. MFI is not responsible for any insured or uninsured portion of the Deposit Accounts or any other deposits at the program banks.

Please note that until funds are swept to a program bank, they are held in your brokerage account which is protected by SIPC. Once funds are swept, they are no longer held in your brokerage account and are not protected by SIPC. However, these funds are eligible for FDIC insurance through the Program Banks subject to FDIC insurance coverage limits.

Investing is risky. Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.

Benzinga was commissioned for this article and is not affiliated with the Moomoo app or its affiliated companies. This includes Moomoo Technologies Inc. (MTI) provider of the app and Moomoo Financial Inc. (MFI) Member FINRA/SIPC, which offers securities in the U.S.

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Former president of Philippines Rodrigo Duterte appears in court accused of running death squads

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Former president of Philippines Rodrigo Duterte appears in court accused of running death squads

Rodrigo Duterte, the former president of the Philippines, has appeared at the International Criminal Court, accused of crimes against humanity.

The 79-year-old appeared in the Netherlands via video link on Friday.

His lawyer said he was suffering from “debilitating medical issues” but the judge in The Hague, Iulia Motoc, said the court doctor had found him to be “fully mentally aware and fit”.

She said he was allowed to appear remotely because he had taken a long flight.

Wearing a jacket and tie, Duterte spoke briefly to confirm his name and date of birth.

He was read his rights and formally informed of the charges. His supporters contest his arrest and say the court does not have jurisdiction.

If convicted, he faces life in prison.

His daughter Sara Duterte, the current vice president of the Philippines, said she was hoping to visit her father and have the hearing moved after meeting supporters outside the court.

Back home in the Philippine capital region, large screens were set up to allow families of suspects killed in the crackdowns to watch the proceedings.

Police protested over the killings when Mr Duterte was still in charge in 2021. Pic: AP
Image:
Police protested over the killings when Mr Duterte was still in charge in 2021. Pic: AP

Prosecutors accuse Duterte of forming and arming death squads said to have killed thousands of drug dealers and users during a brutal crackdown on illegal drugs.

Police say more than 6,200 people were killed in what they describe as shootouts while he was president from 2016 to 2022.

They claim he was an “indirect co-perpetrator” in multiple murders, allegedly overseeing killings between November 2011 and March 2019.

Before becoming president, Duterte was the mayor of the southern city of Davao.

According to the prosecution, he issued orders to police and other “hitmen” who formed the so-called “Davao Death Squads” or DDS.

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Why was Duterte arrested?

Estimates of the death toll during his six-year presidential term vary, from more than 6,000 reported by national police, to 30,000 claimed by human rights groups.

The warrant for his arrest said there were “reasonable grounds to believe that Mr Duterte bears criminal responsibility for the crime against humanity of murder”.

Duterte has said he takes full responsibility for the “war on drugs”.

He was arrested on Tuesday amid chaotic scenes in Manila, the capital of the Philippines, after returning from a visit to Hong Kong.

He told officers “you have to kill me to bring me to The Hague” during a 12-hour standoff, a Philippine police general said.

He also refused to have his fingerprints taken and threatened Police Major General Nicolas Torre with lawsuits before he was bundled onto a government-chartered jet at a Philippine air base and taken to The Hague, Maj Gen Torre told the Associated Press.

This breaking news story is being updated and more details will be published shortly.

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1,000 kW fast charging?!? BYD teases tech twice as fast as Tesla, debuting March 17

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1,000 kW fast charging?!? BYD teases tech twice as fast as Tesla, debuting March 17

Build Your Dreams (BYD) is gearing up for what has the makings of an epic launch event this coming Monday. The Chinese automaker announced several incoming debuts coming early next week, including a new “BYD Super e-Platform,” described as a “new benchmark in electric.” What’s most interesting, however, is that BYD is teasing a new ultra-fast EV charger with up to 1,000 kW of power – that’s twice as powerful as the current best on the market.

Automotive conglomerate BYD is at it again, continuously showcasing its innovation and market expansion as a clear force that will not be ignored by the global automotive segment. In addition to several EV marques, including its new ultra-performance Yangwang brand, BYD develops and implements EV battery technology and EV charging infrastructure.

Earlier this week, BYD shared that Yangwang will be launching its new U7 sedan at an event held at the former’s headquarters in Shenzen, China, later this month. Before then, however, BYD is preparing for a launch event for its own namesake as early as this Monday at HQ.

According to a Weibo post from earlier today, BYD’s launch event on the 17th promises the debut of a new high-performance EV platform, the start of pre-sales of two new models, and an unveiling of new EV charger technology capable of up to 1,000 kW. Eat your heart out, Tesla. You, too, Electrify America.

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1,000 kW charger
Source: BYD/Weibo

BYD to unveil 1,000 kW fast charging tech on 3/17

According to the Weibo Post from BYD, its next launch event will take place this coming Monday, March 17 at 7 PM Beijing time (7 AM EDT). The post was translated to English, but essentially promises the debut of its new “BYD Super e-Platform,” which will reinvent pure electric technology.

As reported by CnEVPost, an invitation to the event elaborated on the capabilities of the Super e-Platform, stating it will “use disruptive technology to completely solve the biggest headache in EV use.” That’s assumedly the charging process and how long even the fastest chargers still take in comparison to a gas station visit.

On that note, the BYD event also includes the debut of a new 1,000 kW EV fast charger. Per the post seen above:

1,000-kW flash charging that allows refueling and charging to have the same speed.

A 1,000 kW BYD fast charger would be a marvel and a potential game changer for EV adoption, doubling the power of current industry leaders like Tesla. The American automaker began rolling out its V4 Superchargers in North America in 2023, which are currently capable of 325 kW. However, Tesla has shared plans to boost those capabilities with 500 kW cabinets this year.

Even so, BYD is on the cusp of introducing EV charging capabilities that are double that prospective target, and it already has the technology out in the wild. CnEVPost also shared reports from several auto bloggers in China that captured images of what seems to be the new BYD charger, relaying that specifications listed on the pile support up to 1,000 volts and power of up to 1,000 kW.

BYD also intends to open pre-sales of its Han L and Tang L EVs at the same event. Because of this, there is speculation that both models will sit atop BYD’s Super e-Platform and support charging power of up to 1,000 kW.

We won’t know for sure until Monday, but this sounds like it will be an exciting one from BYD. Circle back to Electrek on Monday for a full recap.

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Check out Kia’s cool new ‘Unplugged Ground’ EV experience center [Images]

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Check out Kia's cool new 'Unplugged Ground' EV experience center [Images]

Kia opened its new “Unplugged Ground” on Friday, a unique EV experience. The complex has Kia’s latest EVs, including the EV4, on display for visitors to meet and interact with.

Kia opens new Unplugged Ground EV experience

The Kia Unplugged Ground first opened in 2021 following the launch of its first dedicated electric vehicle, the EV6. It’s located in

Since then, Kia has revamped the brand with a new logo, branding, and sleek new styling. It has also introduced an entirely new generation of mass-market EVs that are now rolling out globally.

Kia introduced its first electric sedan, the EV4, earlier this year during its 2025 EV Day event (see our event recap). We also got our first look at the PV5, Kia’s first electric van, and the EV2, its smallest, cheapest model set to launch next year.

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These will join the three-row EV9, and smaller EV3 and EV5 electric SUVs in Kia’s wide-ranging lineup. As part of its “EVs for all” strategy, prices will range from under $30,000 to upwards of $80,000.

To coincide with the launch of the EV4, Kia transformed the EV experience center. The upgraded facility opened in Seongsu-dong, Seoul, on Friday with a futuristic look and cool new interactive technology.

The EV experience center now displays Kia’s entire lineup, including the EV4, EV3, EV6, and EV9. Visitors can interact with the vehicles using Apple’s mixed reality headset Vision Pro, racing simulators, and more. They can even try out the EV9’s advanced driver assistance systems virtually.

Kia-EV4-orders-Korea
Kia EV4 sedan (Source: Hyundai Motor)

Kia’s upgraded EV brand experience comes after it opened EV4 orders earlier this week in Korea. The EV4 starts at 41.92 million won, or roughly $29,000.

Kia EV4 Trim Starting Price
Kia EV4 Standard Air 41.92 million won ($28,900)
Kia EV4 Standard Earth 46.69 million won ($32,000)
Kia EV4 Standard GT-Line 47.83 million won ($32,900)
Kia EV4 Long Range Air 46.29 million won ($31,800)
Kia EV4 Long Range Earth 51.04 million won ($35,000)
Kia EV4 Long Range GT-Line 51.04 million won ($35,900)
Kia EV4 prices in South Korea (Source: Hyundai Motor)

With a 58.3 kWh battery, the standard EV4 Air is rated with up to 237 miles (382 km) driving range. The long-range model, starting at 46.29 million won ($31,800), features an 81.4 kWh battery for up to 331 miles (533 km) range.

Later this year Kia will launch the electric sedan in the US, Europe, and other global markets. Maybe, we could get one of these futuristic EV experience centers, too?

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