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In the current landscape of financial markets, the significance of having suitable investment tools cannot be overstated. Fortunately for the public, the proliferation of apps and online platforms has greatly increased the wealth accumulation possibilities for individuals. These digital resources not only help people to stay informed but also enable them to devise more effective investment strategies to navigate market volatility, mitigate risks and seize potential opportunities. With these valuable tools right at their fingertips, investors are better equipped to thrive in the ever-changing financial landscape.

Robinhood stands out against the crowd in many ways when it comes to trading apps. The company has recently made its paid membership, Robinhood Gold, even more enticing to users. Robinhood raised its interest rates in November to 5%. New subscribers now have the opportunity to earn a 5.25% annual percentage yield (APY) on their uninvested brokerage cash with cash sweep. These new subscribers will earn this boosted rate for the first 60 days of their membership and then 5% APY after that. This means that any cash sitting idle in your account will be automatically swept to partner banks where it earns interest. This new rate is 8x higher than the national average savings rate* and 9x the FDIC insurance with coverage up to $2.25 million at partner banks.

With this subscription, users have the ability to make larger instant deposits and gain instant access to up to $50k of their deposited funds. Typically, it takes a few days for deposited funds to become available for investment, but Gold subscribers can bypass this waiting period, allowing them to make opportune investment decisions and seize market opportunities.

Subscribers to Robinhood Gold are also granted access to professional research from Morningstar MORN and Level II market data from the Nasdaq Stock Exchange. Level II data provides investors with a comprehensive view of market activity, including bid and ask prices, market depth and order sizes. This additional information can prove invaluable for investors seeking a deeper understanding of market dynamics to make more informed trading decisions.

Another notable feature of Robinhood Gold is the option for margin investing at a rate of 8%. This feature allows users to leverage borrowed funds, boosting their buying power if eligible. Without a Gold subscription, the margin rate is higher at 12%. As an added bonus, Robinhood Gold subscribers receive a 3% IRA match on eligible contributions to their Robinhood IRA accounts. They simply need to keep Gold for at least one year from the date of the match and keep their funds in their Robinhood IRA for five years.

With a range of advanced tools and benefits, Robinhood Gold enhances an individual's investing knowledge. From higher interest rates on uninvested cash to instant deposits, professional research, access to market data, lower margin rates and the added incentive of a 3% IRA match, Gold subscribers have access to a comprehensive suite of features that cater to a wide gamut of investing needs from short-term investments to long-term retirement planning.

Featured photo by Chris Liverani on Unsplash.

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

Disclosures

*As of Nov. 2nd, 2023 via Bankrate.

All investments involve risk and loss of principal is possible. Robinhood Gold is offered through Robinhood Financial LLC and is a subscription offering premium services for a fee. The Brokerage Cash Sweep Program is an added feature to your Robinhood Financial LLC brokerage account. Interest is earned on uninvested cash swept from your brokerage account to program banks. Program banks pay interest on your swept cash, minus any fees paid to Robinhood. As of November 15, 2023, the Annual Percentage Yield (APY) that you will receive is 1.5%, or 5% for Robinhood Gold members. Terms apply. The APY might change at any time at the program banks' discretion. Additionally, any fees Robinhood receives may vary and is subject to change. Neither Robinhood Financial LLC nor any of its affiliates are banks.

Terms apply to the boosted rate promotion. For more information, view our terms and conditions.

Bigger instant deposits are only available if your instant deposit status is in good standing.

Not all users will be eligible to trade on margin. Margin investing involves the risk of greater investment losses. Before using margin, customers must determine whether this type of strategy is right for them given their investment objectives and risk tolerance. For more information please see our Margin Disclosure Statement.

The 3% matching on contributions requires a subscription with Robinhood Gold (fees apply), must be subscribed to Gold for 1 year after your contribution to keep the full 3% match. You must have compensation (wage income) in order to contribute to an IRA. The funds that earned the match must be kept in the account for at least 5 years to avoid a potential Early IRA Match Removal Fee. For more information refer to the IRA Match FAQ.

Funds being contributed into or distributed from retirement accounts may entail tax consequences. Contributions are limited and withdrawals before age 59 1/2 may be subject to a penalty tax. Robinhood does not provide tax advice; please consult with a tax adviser if you have questions.

The Robinhood IRA is available to any U.S. customer with a Robinhood brokerage account in good standing.

Robinhood Financial LLC (member SIPC), is a registered broker dealer. Robinhood Securities, LLC (member SIPC), is a registered broker dealer and provides brokerage clearing services. All are subsidiaries of Robinhood Markets, Inc. (Robinhood).

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Entertainment

Liam Gallagher hits out at Edinburgh council after Oasis fans branded ‘rowdy’

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Liam Gallagher hits out at  Edinburgh council after Oasis fans branded 'rowdy'

Liam Gallagher has criticised a Scottish council for suggesting Oasis fans were “drunk, middle-aged and fat”.

The remarks were revealed following a freedom of information request that was sent to Edinburgh council – ahead of the band’s three sold-out shows in Scotland this August.

The documents expressed concerns that the Oasis Live ’25 tour would clash with the Edinburgh Festival Fringe – the world’s largest performance arts festival.

Liam Gallagher (left) and Noel Gallagher (right). Pic: PA.
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Liam Gallagher (left) and Noel Gallagher. Pic: PA

One note warned that there would be a “substantial amount of older fans”, and that because “middle-aged men take up more room”, age and size should be considered in crowd control planning.

Another note suggested “medium to high intoxication” should be expected at the concert.

An additional remark said there was some “concern about crowds of Oasis on weekends as they are already rowdy, and the tone of the band”.

The Fringe is considered one of the world's largest performance arts festivals, with millions of attendees expected in August. Pic: PA.
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The Fringe is one of the world’s largest performance arts festivals. File pic: PA

It also expressed concern for the “safety” at the Edinburgh Fringe – including for its performers.

“Many performers are considering not attending for that weekend,” one note read.

Liam Gallagher was not impressed – and left the following message for the council on his social media.

“To the Edinburgh council I’ve heard what you said about Oasis fans and quite frankly your attitude f****** stinks I’d leave town that day if I was any of you lot.”

In a second post, he said: “I’d love to see a picture of all the people on the Edinburgh council bet there’s some real stunning individuals.”

Liam Gallagher. Pic: AP.
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Liam Gallagher said the council’s attitude towards fans ‘stinks’. Pic: AP

David Walker, from the Oasis Collectors Group, has described the comments as “a nasty, sneering stereotype”.

“It’s a jaundiced view,” he added.

Local councillor Margaret Graham said that it is usual practice for the council to “prepare extensively” for major city events.

The culture and communities convener also said: “We’re very proud to host the biggest and best events in Edinburgh throughout the year, which bring in hundreds of millions of pounds to the local economy and provide unparalleled entertainment for our residents and visitors.

“As with any major event which takes place in the city, we prepare extensively alongside our partners to ensure the safety and best possible experience of everyone involved – and Oasis are no different.”

Noel Gallagher (L) and Liam Gallagher (R) at Wembley Stadium in 2008. The brothers will be back in Wembley for their upcoming concerts.
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Noel Gallagher (left) and Liam Gallagher at Wembley Stadium in 2008. Pic: PA

Around 210,000 fans are expected to attend the three Edinburgh gigs.

Oasis made their comeback announcement in August last year – ahead of the 30th anniversary of their debut album Definitely Maybe, released on 29 August 1994.

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Liam and Noel Gallagher’s return also marks 15 years since the last time the brothers performed together before their infamous fallout – which was prompted by a backstage brawl before a Paris festival in August 2009.

Liam damaged one of his elder brother’s guitars, causing Noel to dramatically quit – ending the partnership that had propelled them to fame and fortune.

“It is with some sadness and great relief… I quit Oasis tonight,” Noel later said in a statement. “People will write and say what they like, but I simply could not go on working with Liam a day longer.”

The feud continued over the years, with the pair exchanging insults publicly – Liam on social media, Noel more when asked about his brother in interviews – but reportedly never speaking in person.

When his documentary As It Was was released in 2019, Liam told Sky News he had wanted to “break [Noel’s] jaw” after he apparently refused permission for Oasis music to be featured in the film.

But after 15 years, they have now made amends – giving thousands of Oasis fans the chance to see them play live once again.

Their top hits include Wonderwall, Don’t Look Back In Anger, Stand By Me, Lyla and The Importance of Being Idle.

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Sports

NASCAR’s Mexico City Cup race hits travel snags

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NASCAR's Mexico City Cup race hits travel snags

MEXICO CITY — Shane Van Gisbergen was buckled into his seat ready to head to Mexico City for NASCAR’s first international Cup Series race of the modern era when a loud “BOOM!” suddenly forced the pilot to abort takeoff.

There was an engine issue with the chartered flight in North Carolina, and Van Gisbergen and most of Trackhouse Racing suddenly found themselves stranded. In fact, two NASCAR charters had issues Thursday that delayed the arrivals of crew members and drivers for at least five teams.

They all arrived safely Friday morning — some teams drove to Atlanta to catch commercial flights — while others awaited a new morning charter.

“Yeah, it wasn’t real fun. Yesterday was a long day,” Van Gisbergen said once in Mexico City. “Pretty scary when the plane launched itself on take-off. They stopped and were trying to just get another plane. And then it was first thing this morning, so early start this morning. I think we got up at 3:30 a.m. at home and got on an early flight down here.”

It was a bumpy start to the first points-paying Cup Series race outside the United States as the entire Friday schedule had to be revamped to accommodate the stranded teams. And with team personnel missing for some organizations, reinforcements were called in to help: The communications director for Trackhouse had to help unload the team cars off the haulers.

The trucks came directly from last Sunday’s race in Michigan and arrived at the Mexico City track on Thursday.

“Due to two aircraft issues that grounded multiple race teams in Charlotte, N.C., on Thursday, NASCAR has adjusted the on-track schedule for this weekend’s activities at Mexico City’s Autódromo Hermanos Rodríguez,” NASCAR said in a statement.

NASCAR delayed Friday’s originally planned Cup Series practice to later in the afternoon. NASCAR also pushed all Xfinity Series practice sessions from Friday to Saturday. And the first of two NASCAR Mexico Series races were moved to early Friday instead of their late Friday schedule.

The Xfinity Series will lose some practice time, with just one 50-minute session on Saturday morning, right before qualifying. There are other slight adjustments as well, but Cup teams will not lose any practice.

Van Gisbergen was rolling with the delay.

“You can’t predict that kind of stuff happening. There’s so many moving parts,” he said. “Everyone’s down here now. I think it’s all the important people, I guess, needed for [Friday] , so I think they’ve done a good job salvaging it.

“I guess it’s a big deal when you think about it, but I’m not really too fussed about it,” he continued. “I’m already focused on [racing]. Obviously not ideal, but it happened and we fixed it.”

Truex gets a shot

It’s been 11 years since Ryan Truex raced in the Cup Series but he gets another start Sunday as the replacement for Denny Hamlin in Mexico City.

Truex is a reserve driver for Joe Gibbs Racing and has been in a holding pattern the past three weeks as Hamlin awaited the birth of his son. Hamlin didn’t have to get out of the car at Nashville or Michigan, but the baby finally arrived Wednesday and Hamlin opted to skip this weekend to care for his family of five.

Truex got the call the same evening to wheel the high-profile No. 11 Toyota. The younger brother of former Cup Series champion Martin Truex Jr. has 26 career Cup starts but none since 2014.

Martin Truex won an Xfinity Series race in 2005 in Mexico City, something he reminded his younger brother of when he told him he got the call.

“I texted him this week when I found out, and he said, ‘You know, the Truexes are 1-for-1 in Mexico,’ so no pressure,” Ryan Truex said Friday. “I’m glad he could throw that at me.”

Hamlin, a three-time winner this year, requested and was granted a waiver by NASCAR officials to retain his eligibility for the Cup Series Playoffs.

Truex does have recent seat time as the 33-year-old was a fill-in option in practice for Tyler Reddick of fellow Toyota team 23XI Racing during Coca-Cola 600 practice. Still, the waiting game to see if he was needed and getting ready for an international trip has been a whirlwind.

“It’s been a crazy few weeks — especially since Charlotte, I’ve been on standby,” he said. “I’m glad it is at a track where I can practice and have time and know what to do to. It has been kind of chaotic getting here and putting all of that together, but I’m just grateful for the experience and grateful to be here.

“I don’t really have any set goals or expectations — I just want to enjoy the weekend. I’m driving a Cup car for Joe Gibbs at an international race – this is not something I ever dreamed of doing, so I just want to take it all in and have a good time.”

Truex said that every time he received a text from Hamlin crew chief Chris Gayle the last month, his heart began to race as he wondered if this was the call.

He’s thankful for his time in a reserve role with Gibbs after a miserable time in Cup a decade ago. Truex is hoping to use Sunday as a springboard to regular racing.

“My last time in Cup was not a fun experience. It didn’t go well for me. I didn’t enjoy it,” Truex said. “That was probably not the right move for me, career-wise, and I’ve kind of been fighting back since then. I enjoy everything I do at JGR. I’ve been able to race part-time the last couple of years, and do all of this stuff away from the track.”

Elevation training

NASCAR drivers will face one of the biggest challenges of their career racing at Autódromo Hermanos Rodríguez, which sits at an elevation of nearly 7,500 feet. The next highest track on the Cup circuit in terms of elevation is Las Vegas Motor Speedway at about 2,000 feet above sea level.

To prepare its drivers for the altitude, Toyota launched a comprehensive training program months ago that had its drivers wearing a mask that simulates less oxygen while training and even sleeping in a hypoxic tent.

Reddick was among those who slept in a tent to adjust to the higher altitude and mitigate potential symptoms of altitude sickness.

“One side effect of it is my wife hasn’t been super happy about me sleeping in a hypoxic environment, especially at the later stages of her pregnancy,” said Reddick, whose wife delivered the couple’s second child May 25.

The tent idea was devised after JGR driver Christopher Bell asked Toyota what would be done to help maintain maximum performance in the high altitude.

“We started that early in the season, just talking and getting a plan together, making sure we’re prepared for it,” Bell said. “I’m proud of everyone at Toyota, the Toyota Performance Center. Caitlin Quinn has really headed up the department of physical fitness and made sure we’re ready for this challenge. Hopefully, the Toyota drivers are the ones that are succeeding.”

The program was devised by Caitlin Quinn, director of performance for the Toyota Performance Center in Mooresville, North Carolina. She was a strength coach at Florida State University before joining Toyota Performance Center.

Quinn helped drivers learn to perform in a lower oxygen environment when they’re resting, as well as exercise in an environment with less oxygen. Toyota enclosed a space in its center with a bicycle inside it for drivers to ride in a lower oxygen setting.

Quinn said Toyota starting implementing those programs about eight weeks ago for drivers.

“It is different sleeping in a hypoxic environment,” Reddick said. “I’ve noted the changes so far, and I’m excited to see what it’s going to be like.”

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Sports

Hamlin to miss Mexico City race after birth of son

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Hamlin to miss Mexico City race after birth of son

MEXICO CITY — Denny Hamlin will miss NASCAR’s first international race of the modern era to remain in North Carolina following the birth of his child.

Ryan Truex will replace him Sunday in Mexico City.

“See you guys in Pocono,” Hamlin posted on social media. “We are happy to announce the birth of our son. Everyone is doing well. My main priority is to be here at home for Jordan and our family over the next few days when she is able to go home and we transition to life as a family of five.”

Hamlin and fiancee Jordan Fish now have three children, two daughters and a son born Wednesday. Hamlin had been on baby watch the last 12 days as Fish went nearly two weeks past her predicted due date.

He had planned to get out of the car at Michigan last Sunday if she went into labor early in the race, but when the first stage passed with no word, he went on to score his third win of the season. The victory was the 57th of his career and made him the all-time winningest driver at Joe Gibbs Racing.

Through 15 races this season, Hamlin ranks third in the overall Cup Series standings.

Truex, younger brother of former JGR full-time driver Martin Truex Jr., is Gibbs’ reserve driver. His last Cup Series start was in 2014 and he has 26 starts at NASCAR’s top level.

Hamlin will need NASCAR to grant him a waiver to be eligible to compete in the playoffs for the Cup Series championship. NASCAR during the offseason tightened the rules for granting waivers, but said it would permit a driver skipping an event for the birth of a child.

The 44-year-old Hamlin will snap his streak of 406 consecutive starts. Hamlin last missed a race in 2014 at California Speedway because of an eye irritation.

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