A $300B 'Debt Wall' Is Looming over Private-Equity Backed Companies

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• Bank of America kindly asks that you don’t share your banking password with your AI assistant

  ### Briefing Bank of America is reminding customers to bank safely by not sharing their banking credentials with AI assistants. The email blast, titled "Protecting your finances in the Al World," urges customers not to share their username and password with another person or an outside service, including AI-enabled tools or agents. The warning comes as AI assistants grow more popular, and sharing banking credentials with an AI agent poses risks.

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• Robinhood reports Q3 revenue up 12% YoY to $1.42B, in line with est., crypto revenue down 55% to $120M, and profit down 14% to $476M; HOOD drops 5%+ after hours (Reuters)

  Robinhood reported a 12% increase in revenue for the third quarter, reaching $1.42 billion, which was in line with expectations. However, the company's cryptocurrency revenue fell by 55% to $120 million, contributing to a 14% decrease in profit to $476 million. The stock price of Robinhood Markets (HOOD.O) experienced a significant drop of 5% or more after the market close.

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• Robinhood quarterly revenue rises 12% as event contracts, options offset crypto slump

  Robinhood reported a 12% increase in third-quarter revenue, meeting expectations, while shares fell 3% due to a shortfall in total transaction revenue. Options and event contracts have become key sources of revenue, with a 500% increase in event contracts revenue and a 31% rise in options revenue. Transaction-based revenue grew 19% to $867 million, driven by an increase in event contracts and options revenue, while cryptocurrency revenue fell 55% to $120 million.

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