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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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Sean ‘Diddy’ Combs in court as high-profile trial begins with jury selection in New York

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Sean 'Diddy' Combs in court as high-profile trial begins with jury selection in New York

The trial of hip-hop mogul Sean “Diddy” Combs has begun, with the process to pick the jurors who will determine his fate now under way.

Combs, wearing a white shirt with a black crew-neck sweater, grey trousers and glasses, his hair and goatee now grey, hugged and shook hands with all his lawyers as he arrived at the federal courtroom in Manhattan, New York, for the start of the proceedings.

The 55-year-old has been held in detention in Brooklyn since he was arrested and charged in September 2024, accused of engaging in sex trafficking and presiding over a racketeering conspiracy over two decades.

He has pleaded not guilty to criminal charges, said all his sexual relationships and encounters were consensual, and strenuously denied all allegations of wrongdoing.

The Metropolitan Detention Center, where Sean 'Diddy' Combs is incarcerated, in the Brooklyn Borough of New York. Pic: AP/ Yuki Iwamura
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The Metropolitan Detention Center, where Combs is incarcerated. Pic: AP/ Yuki Iwamura

Due to the high-profile nature of the case, the jury selection process is expected to last all this week, with opening statements by the lawyers set to begin next week.

Unlike some other high-profile trials in the US, this one won’t be broadcast live because federal courtrooms, unlike some state courtrooms, don’t allow electronic recordings inside.

Judge Arun Subramanian started proceedings shortly after 9am on Monday (2pm UK time), first making several rulings on what issues experts will be allowed to testify on when they take to the witness stand.

He then gave an overview of the case and began the questioning of prospective jurors one by one – a process known as “voir dire” – with the aim of finding a panel of 12 jurors and six alternates who can be fair and impartial despite heavy media coverage of the case.

Sean Diddy Combs sits at the defence table before the start of jury selection at Manhattan federal court. Sketch: Elizabeth Williams via AP
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There are no cameras in court. Sketch: Elizabeth Williams via AP

Read more:
Diddy on trial: Everything you need to know
Sean Combs: A timeline of allegations

Jurors are being asked if they have any views on the prosecution or the defence, if they or someone close to them has been a victim of crime, and their beliefs on hiring sex workers, the use of illegal drugs, hip-hop artists and law enforcement.

They are also being questioned on whether they have heard of names included on a list of individuals, including celebrities, who may be mentioned during the trial. The list is long, the court heard, with the judge saying it reminded him of Lord Of The Rings.

What have potential jurors been asked?

Sean 'Diddy' Combs embraced his attorneys before jury questioning got under way in his sex trafficking trial in New York City. Sketch: REUTERS/Jane Rosenberg
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Combs embraced his attorneys in court. Sketch: REUTERS/Jane Rosenberg

One prospective juror said they had heard of actors Michael B Jordan and Mike Myers, but this would not prevent them being fair and impartial should they be selected. Another said they had heard of Kanye West.

The context in which Jordan, Myers, West and other people may be mentioned is not yet known.

Other names that came up included Aubrey O’Day and Dawn Richard – former members of girl group Danity Kane, who were signed to Bad Boy – and singer Michelle Williams.

Several prospective jurors indicated they had seen news reports about Combs, and one prospective juror described a still image she had seen as “damning evidence”. She was rejected from consideration.

Another potential juror was excluded because she said a family member had experienced something that made them feel uncomfortable about hearing the case.

At one point during proceedings, Combs asked for a bathroom break, telling the judge: “I’m sorry your honour, I’m a little nervous today.”

One potential juror said they had seen a joke on social media about baby oil authorities say they found in Combs’ residences during searches in March 2024. They said they could remain impartial.

Throughout the day, as potential jurors were questioned, Combs appeared to express his approval or disapproval, either with a nod or by shaking his head no, to his attorneys.

Brian Steel, one of Sean 'Diddy' Combs' attorneys, arrives for the first day of jury selection in the trial of his client on sex trafficking and racketeering conspiracy charges. Pic: REUTERS/David Dee Delgado
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Brian Steel, one of Combs’ attorneys, pictured outside the court. Pic: REUTERS/David Dee Delgado

What is Combs accused of?

In the indictment listing the formal charges against the rapper, he is accused of a pattern of abusive behavior over two decades, allegedly with the help of people in his entourage.

Prosecutors say he manipulated women into participating in drug-fuelled sexual performances with male sex workers, which he called “Freak Offs”.

Combs and his associates resorted to violent acts, including beatings, kidnapping and arson, when he didn’t get his way, they allege.

Lawyers for Combs say any group sex was consensual, that there was no coercion involved, and nothing that happened amounted to a criminal racket.

If convicted, he faces the possibility of decades in prison.

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What is Sean Combs on trial for?

The Cassie video

One issue likely to be featured in the trial is an incident in 2016, when a security camera recorded Combs allegedly kicking and hitting his then girlfriend Cassie Ventura in a Los Angeles hotel hallway.

Cassie filed a lawsuit in November 2023 saying Combs had subjected her to years of abuse, including beatings and rape, but the case was settled the following day.

The hotel footage emerged in May 2024. Shortly afterwards, Combs released a video apology, saying his behaviour in the video was at a time when he had “hit rock bottom” but nonetheless was “inexcusable” and that he was “disgusted” with himself.

One of his lawyers, Marc Agnifilo, has said Combs was “not a perfect person” and that there had been drug use and toxic relationships, but that all sexual activity between Combs, Cassie and other people was consensual.

Jury selection continues today and throughout this week, with the trial expected to last about eight weeks.

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Trump plan cuts funding for brain injury research

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Trump plan cuts funding for brain injury research

The Trump administration’s 2026 fiscal budget request to Congress eliminates major federal funding for traumatic brain injury (TBI) research and education, potentially undercutting efforts to address head injuries in sports, particularly at the high school and youth levels.

The White House’s proposed budget, released Friday, includes eliminating the Centers for Disease Control and Prevention umbrella agency responsible for TBI research, including the $8.25 million marked for brain injury research and public education about the dangers of concussions. The CDC is facing $3.59 billion in budget cuts.

Although the president proposes the federal budget, it is up to Congress to approve a final budget bill, so the TBI program could be restored or moved to a different agency. The White House did not respond to an ESPN request for comment.

The budget proposal comes after the CDC on April 1 placed all five staffers devoted to administering the government’s main traumatic brain injury program on paid administrative leave, CDC employees told ESPN. Paid administrative leave means the workers are still government employees.

The budget cuts would “roll back decades of progress,” said Dr. Owen Perlman, a brain injury specialist and board member of the Brain Injury Association of America.

Among the items targeted is Heads Up, a concussion-prevention program for youth and high school coaches, athletic trainers and other sports officials. The CDC staffers put on leave administered the program. Forty-five states participate in the program to varying degrees, a CDC official said, asking not to be identified.

Staffers interviewed by ESPN declined to speak on the record, citing fears of administration retribution.

“We’re really worried about the hundreds of thousands of coaches who have to take this training,” the CDC official said. “This is really built in, and we’ve lost the whole team” behind the program.

Some Heads Up training is part of coaches’ and other sports officials’ state compliance requirements. The CDC official said hundreds of email queries are arriving every week asking how to comply as the federal program shuts down. The Heads Up website says more than 10 million people have participated in its online training programs.

Congress first approved TBI research funding in 1996. Legislation to keep the program going expired at the end of 2024, and a House bill to renew it has yet to advance out of committee.

In a 2018 CDC survey, 12% of adult respondents reported experiencing a head injury in the previous 12 months, including but not limited to sports-related activities. A follow-up study was being prepared when the staffers were placed on leave. The research data was part of a program to measure TBI prevalence and boost prevention, care and recovery efforts.

The Heads Up website remained active Monday but offered no clues regarding the program’s endangered status.

“In the last month, I don’t think the public has felt an impact,” a laid-off CDC employee said. “But when those websites, trainings and materials get pulled down or when they can’t be updated, I think that’s when the public will feel it.”

In the proposed White House budget, the National Institutes of Health would retain an institute devoted to overall brain research, although the name would slightly change. The institute focuses on medical issues such as stroke and migraines, and it’s unclear whether TBI programs would be absorbed into it.

Hospitals and universities conducting TBI research funded by the CDC are bracing for potential funding cutbacks.

“We might not [get] the next year of renewal or the next wave of funding. And that’s sad and scary and impactful for all kinds of people, including myself in this project,” said Christine Baugh, an assistant professor at the University of Colorado’s School of Medicine who is studying how parents decide whether to let their children play contact sports and whether brain-injury awareness campaigns influence their decisions.

On April 23, the National Academy of Sciences received orders to cancel work on two TBI workshops, one of which analyzed the risks of repeated head impacts on children. Both workshops had already been held. One of the workshop organizers, Dr. Fred Rivara, a pediatrics professor at the University of Washington, told ESPN that the cancellation affected funding for publishing the information, and he called the potential cuts “tragic.”

“That’s a perfect example of how this change in, or devastation of, funding at the CDC is impacting people,” Rivara said. “They want to know, for sports: What about these repetitive impacts? Are they bad for kids? It’s a perfect example of the impact of this.”

Traumatic brain injuries have lifelong repercussions on a person’s physical, cognitive, emotional and behavioral health, Perlman said.

Even though some states fund TBI-treatment programs independently of the federal government, concerns are growing about a domino effect if Congress fails to renew funding.

“For many people with concussions or certainly moderate or severe brain injuries, there’s no endpoint,” Perlman said. “It’s a lifetime problem, and there needs to be lifetime funding for it.”

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Stanley Cup playoff picks: Who wins every second-round series?

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Stanley Cup playoff picks: Who wins every second-round series?

The first round of the 2025 Stanley Cup playoffs is complete. Eight of the teams that made the postseason bracket have moved on, and eight others have been eliminated.

Before the second-round series begin, ESPN’s experts have identified their picks for each matchup. Which four teams will move on to the conference finals?

More: Full schedule
Betting intel

Atlantic Division

John Buccigross: Panthers in seven
Ryan Callahan: Panthers in six
Cassie Campbell-Pascall: Panthers in six
Sachin Chandan: Panthers in six
Meghan Chayka: Panthers in six
Ryan S. Clark: Panthers in seven
Linda Cohn: Panthers in six
Rachel Doerrie: Panthers in six
Ray Ferraro: Panthers in six
Emily Kaplan: Panthers in seven
Tim Kavanagh: Maple Leafs in six
Peter Lawrence-Riddell: Panthers in six
Steve Levy: Panthers in six
Vince Masi: Panthers in six
Victoria Matiash: Panthers in six
Sean McDonough: Panthers in six
Mark Messier: Panthers in six
AJ Mleczko: Panthers in six
Arda Öcal: Maple Leafs in six
Kristen Shilton: Maple Leafs in seven
John Thoering: Panthers in six
Bob Wischusen: Panthers in six
Greg Wyshynski: Panthers in six

Consensus prediction: Panthers (20 of 23 picks)


Metropolitan Division

John Buccigross: Capitals in seven
Ryan Callahan: Capitals in seven
Cassie Campbell-Pascall: Capitals in six
Sachin Chandan: Capitals in six
Meghan Chayka: Hurricanes in six
Ryan S. Clark: Capitals in seven
Linda Cohn: Capitals in six
Rachel Doerrie: Capitals in six
Ray Ferraro: Capitals in seven
Emily Kaplan: Capitals in seven
Tim Kavanagh: Capitals in six
Peter Lawrence-Riddell: Hurricanes in seven
Steve Levy: Capitals in five
Vince Masi: Hurricanes in six
Victoria Matiash: Hurricanes in six
Sean McDonough: Capitals in seven
Mark Messier: Hurricanes in six
AJ Mleczko: Hurricanes in five
Mike Monaco: Hurricanes in six
Arda Öcal: Capitals in six
Kristen Shilton: Hurricanes in six
John Thoering: Capitals in seven
Bob Wischusen: Capitals in seven
Greg Wyshynski: Capitals in seven

Consensus prediction: Capitals (16 of 24 picks)


Central Division

John Buccigross: Stars in seven
Ryan Callahan: Stars in five
Sachin Chandan: Stars in six
Ryan S. Clark: Stars in seven
Linda Cohn: Jets in seven
Rachel Doerrie: Stars in six
Ray Ferraro: Stars in six
Emily Kaplan: Stars in six
Tim Kavanagh: Stars in seven
Peter Lawrence-Riddell: Stars in six
Steve Levy: Stars in seven
Vince Masi: Jets in seven
Victoria Matiash: Jets in seven
Sean McDonough: Stars in six
Mark Messier: Stars in six
Mike Monaco: Stars in six
Arda Öcal: Stars in six
Kristen Shilton: Stars in six
John Thoering: Stars in seven
Bob Wischusen: Jets in seven
Greg Wyshynski: Stars in six

Consensus prediction: Stars (17 of 21 picks)


Pacific Division

John Buccigross: Oilers in seven
Ryan Callahan: Golden Knights in six
Cassie Campbell-Pascall: Oilers in seven
Sachin Chandan: Oilers in seven
Meghan Chayka: Golden Knights in seven
Ryan S. Clark: Golden Knights in seven
Linda Cohn: Oilers in seven
Rachel Doerrie: Golden Knights in seven
Ray Ferraro: Golden Knights in seven
Emily Kaplan: Golden Knights in seven
Tim Kavanagh: Golden Knights in six
Peter Lawrence-Riddell: Golden Knights in six
Steve Levy: Golden Knights in seven
Vince Masi: Oilers in six
Victoria Matiash: Golden Knights in six
Sean McDonough: Golden Knights in seven
Mark Messier: Oilers in seven
AJ Mleczko: Golden Knights in six
Mike Monaco: Oilers in six
Arda Öcal: Oilers in six
Kristen Shilton: Oilers in seven
John Thoering: Golden Knights in seven
Bob Wischusen: Golden Knights in seven
Greg Wyshynski: Oilers in seven

Consensus prediction: Golden Knights (14 of 24 picks)

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