Investing app Robinhood just announced a $280 million Series F at a $8.3 billion valuation.Previous investor Sequoia Capital led the round, with participating from NEA, Ribbit Capital, 9Yards Capital, and Unusual Ventures.Robinhood has added three million funded accounts since the start of the year. Investors continue to pour money at rising valuations into Robinhood despite the popular investing app facing multiple outages on some of the most volatile trading days in market history earlier this year.The fintech nabbed $280 million in Series F funding at an $8.3 billion valuation in a round led by previous investor Sequoia Capital. NEA, Ribbit Capital, 9Yards Capital, and Unusual Ventures also participated in the round. Robinhood's most recent round comes after a $323 million Series E in July

The coronavirus has been a catalyst for big changes in the way consumers spend and pay.Ongoing trends like contactless payments and buy now, pay later are accelerating.New trends are emerging, like consumers' preference toward buy online, pick up in-store.Here's how banks, credit card companies, fintechs, and investors are thinking about the new norms in how we shop and pay.Click here for more BI Prime stories.From banks to credit card companies to retailers, the coronavirus pandemic has impacted virtually every player in the payments industry.Ongoing trends, like buy now, pay later and contactless payments, have been accelerated. And new norms in the way we shop, like buy online, pick up in-store, are emerging.We've spoken with execs across the payments ecosystem to understand what's changing,

The coronavirus pandemic is transforming how employers, real-estate services providers, and landlords are thinking about the office.Architects are already laying out the floorplans of the near-future. And companies are rethinking how much office space they really need.Many experts see the very concept of the office transforming from a place you go every day to more of a hub for high-stakes meetings and collaborative work.Business Insider has talked with dozens of experts to learn what offices will look like when you go back to work, and what it will take to return to normal.Visit Business Insider's homepage for more stories.The coronavirus pandemic is proving to be a huge catalyst that's transforming how employers, real-estate services providers, and landlords are thinking about the office.Top

The Members Exchange just received approval from the US Securities and Exchange Commission to operate as a national securities exchange.As a result, the startup exchange said it's on track to go live during the third quarter of 2020. MEMX is backed back some of the biggest firms are on Wall Street, including JPMorgan, Goldman Sachs, and Charles Schwab. Click here for more BI Prime stories.An upstart stock exchange backed by some of Wall Street's biggest names just got approval from the industry's top regulator.The Members Exchange, a startup exchange backed by JPMorgan, Goldman Sachs, Morgan Stanley, and Charles Schwab, among others, said on Tuesday it received approval from the US Securities and Exchange Commission to operate as a national securities exchange.MEMX's approval comes less than

Technology is shattering legacy financial systems that can't keep pace with market demand — and Brex is at the forefront. It's one of fintechs buzziest startups, aiming to rebuild B2B financial products starting with corporate cards for technology companies.The company was quietly launched in 2017 by Henrique Dubugras and Pedro Franceschi, two 22-year-old engineers who previously founded Pagar.me, one of Brazil's largest payment processors.Brex already has more than 1,000 customers signed up with the help of backing from investors including PayPal co-founders Peter Thiel and Max Levchin, early Facebook investor Yuri Milner, former Visa CEO Carl Pascarella, and esteemed startup incubator Y Combinator.And we caught a glimpse of the Series B pitch deck Dubugras and Franceschi used to win them

President Donald Trump has said the economy will take off like a rocket when the COVID-19 pandemic and social distancing ends.The Congressional Budget Office predicts the unemployment rate will still be at 9% at the end of 2021.Historically, high unemployment rates during recessions and pandemics have taken a long time to come back down to full employment levels.Visit Business Insider's homepage for more stories.Following is a transcript of the video.Narrator: If you watch President Trump's daily briefings, you might think everything will immediately go back to normal when social distancing is no longer necessary.President Trump: And you will see our economy skyrocket.Narrator: But Congress' own budget office thinks things will be pretty bleak for much longer. At the beginning of April, the

Bank of America has downgraded the ratings for four of India’s largest banks — the State bank of India (SBI), Bank of Baroda, IndusInd Bank and ICICI Bank. The emerging cycle of non-performing assets will be the ‘biggest nightmare of 2020’ according to Paytm founder Vijay Shekhar Sharma.Bank of America’s downgrade follows in the footsteps of UBS and CLSA, who also slashed their expectations from banks.According to Sharma, the rise of bad loans is likely to spillover beyond banks to the fintech sector where a large number of startups have been giving out small unsecured loans.Indian banks had barely cleaned up the massive pile of unpaid loans from the country’s corporates, the coronavirus pandemic is barrelling into an economic crisis that may bring a fresh wave of non-performing assets (NPA)

Private equity giants like KKR, the Carlyle group and others are interested in acquiring a controlling stake in JB Chemicals, a little-known pharma company in India.Although JB Chemicals is a small player in the Indian pharma industry, it has built four strong brands and has market leadership in three of them, which has resulted in industry-beating growth.Some of the popular brands that JB Chemicals owns include Metrogyl, Rantac, Cilacar and Nicardia – driving 80-85% of the company’s India formulations revenue.JB Chemicals, a little-known pharma company in India with a market capitalization of ₹4,600 crore is reportedly on the radar of private equity giants around the world. This has sent the stock to an all-time high of ₹621 in intra-day trade.JB Chemicals is a relatively small player when

Yes Bank reported a net loss of ₹3668.33 lakh during the fourth quarter.Between 40% to 45% of its borrowers have opted to exercise the three-month moratorium on loan repayments issued by the Reserve Bank of India.The bank expects deposits to erode further once the moratorium lifts and its customers withdraw their funds to pay off loans.Over the last year, Yes Bank deposits half shrunk to half their original size.Yes Bank posted a net loss of ₹3668.33 lakh in its fourth-quarter earnings amounting to a total loss of ₹16,418 crore for the financial year 2019-20. However, with the onset of the coronavirus pandemic and the ensuing lockdown, the bank is far from being out of the woods just yet. “The extent to which the COVID-19 pandemic will impact the bank's future results will depend on related

India INX, India’s first international exchange is all set to launch INR-USD futures and options contracts on May 8.This is expected to help the Reserve Bank of India (RBI) reduce the volatility in the value of the Indian rupee and avoid a repeat of the 2013 taper tantrum when the rupee tumbled by 20%.In April 2019, London surpassed Mumbai in Rupee trades, totaling $46.8 billion against $34.5 billion in India, essentially ceding control to foreign players. India’s first international exchange, India INX is all set to launch INR-USD futures and options contracts. This will help the Reserve Bank of India (RBI) in curbing the influence of foreign trade centers like Dubai and Singapore in the Rupee derivatives trade.Initially recommended by the Dr. Usha Thorat Committee in 2019, the Rupee derivatives

Welcome to Power Line, a weekly energy newsletter brought to you by Business Insider.Here's what you need to know:Want to get this newsletter in your inbox every Friday? Sign up here. Got a tip or feedback about this newsletter? Email energy@businessinsider.com. Don't forget: Sunday is Mother's Day. Happy Friday, folks! I am delighted to announce that earnings season is mostly over — which means nearly all the top energy execs have revealed new details about how their firms are faring. More on that below. Other things that delight me include hand blenders, plucking carrots out of the ground, tempeh if cooked right, and last year. Let's get to it, starting with an update on oil. 75634682A timeline for the recovery of oil markets The term "recovery" may still be premature, but at least some

ICICI Bank’s fourth-quarter core operating profits are in the green at ₹1,221.36 crore, a jump of 26% over the Jan-March quarter. For the entire year, the bank’s profit after tax grew by 136% to ₹7,931 crore.Even though many expect the ratio of bad loans to increase in the near term once the Reserve Bank of India’s (RBI) moratorium on repayment of loans ends, ICICI Bank’s net non-performing assets (NPAs) decreased from 2.06% in March 2019 to 1.41% in March 2020.

Everton arrived at Ewood Park on Thursday evening with the intention of unveiling their £40million record signing to the fans who travelled from Merseyside.

Adam Armstrong has completed a permanent move to Blackburn from Newcastle. The 21-year-old enjoyed a fine spell at Ewood Park on loan last season scoring nine goals.

The tie will see Foxes striker Jamie Vardy play against his former side. He joined Leicester from Fleetwood back in 2012. Manuel Pellegrini's West Ham will also travel to League One opposition.

The Premier League is even more cosmopolitan with the arrival of Wolves, Cardiff and Fulham. That's because the men bankrolling the three new additions are from China, America and Malaysia.

Jack Rodwell's contract at Sunderland, which would have dropped from £73,000-a-week to £44,000 this season, was cancelled in June.

Rodwell has joined Blackburn Rovers on a deal until the end of the season. The 27-year-old was a free agent after his Sunderland contract was cancelled.

Rodwell, who played his last game for Sunderland ten months ago, has signed a deal with The Championship club until the end of the season in a bid to get his career back on track.

Sunderland outcast Jack Rodwell is ready to be reinvented at Blackburn Rovers so he can get back to his early success when he won three England caps and a Premier League title.

Sportsmail provides you with everything you need to know for the Carabao Cup third round including time, date and channel plus teams, rule changes and odds.

Thirty-two teams will entered the Carabao Cup third round draw as the competition heated up with the addition of top-flight clubs. Relive Sportsmail's coverage

Liverpool have been pitted against Chelsea in a mouthwatering Carabao Cup third round tie. Meanwhile, Frank Lampard will take his Derby side to face Jose Mourinho.

Middlesbrough missed the chance to climb to the top of the Sky Bet Championship after Swansea left the Riverside Stadium with a well-earned point from a goalless draw.

ADAM SHERGOLD AT THE VITALITY STADIUM: Wilson rose from the bench to spare Bournemouth’s blushes after they chucked away a two-goal lead against Blackburn.

Rhodes hit a hat-trick as Norwich City won a 4-3 thriller away at Wycombe Wanderers on Tuesday night. The Canaries raced into the lead with two of Rhodes' goals coming in the first 15 minutes.

MIKE WHALLEY AT EWOOD PARK: This was the night when Sheffield United made a serious statement of intent in the Championship promotion race.

Wolverhampton Wanderers have received plenty of deserved plaudits on their return to the top flight, with some going as far as to call them the best newly promoted side in Premier League history.

Lauded as the best coach in the world, by Pep Guardiola no less, Marcelo Bielsa conceded both the points and the tactical battle here to leave Leeds in familiar territory.

Conference Premier high flyers Solihull Moors, managed by Tim Flowers, need to beat League One Blackpool in a replay at Bloomfield Road next Tuesday in order to face Unai Emery’s side.

Forward Sam Baldock put the Royals in front in the ninth minute, but Joe Mattock denied them victory when he equalised on the stroke of full-time.

NEIL POINTON AT EWOOD PARK: Pukki was Norwich City's hero yet again as he swept home a late winner to send the Canaries flying to the top of the Championship on Saturday night.

Sheffield United moved up to third in the Championship, two points behind second-placed Norwich, after they won 3-0 at Wigan and West Brom lost away at Blackburn.

Arsenal's trip to League One side Blackpool on Saturday evening heads the list of late kick-offs in the third round of the FA Cup. Join ROB SUMMERSCALES for all the live action.

Sportsmail provide you with everything you need to know for the FA Cup fourth round draw including date, time and channel plus the ball numbers and teams through so far.

Blackburn boss Tony Mowbray believes Bradley Dack is too good to be 'languishing in the middle of the Championship' - and he is right. How Newcastle must give him the platform he clearly deserves.

There are still four spots up for grabs in the fourth round of the FA Cup and three of those will be decided on Tuesday night. Follow all the LIVE action from around the grounds with Sportsmail.

CRAIG HOPE AT EWOOD PARK: Newcastle booked their place in the fourth round of the FA Cup thanks to extra-time goals from Joselu and Ayoze Perez on Tuesday evening.

Britain has always been home to some of the most physical and aggressive matches in football and reckless challenges have therefore been a part of the Premier League's 27-year history.

CHAMPIONSHIP ROUND-UP: Sheffield United kept the pressure on the top two in the Championship courtesy of a 2-0 victory over Bolton at Bramall Lane.

Nelson Oliveira scored a late winner as Reading boosted their Sky Bet Championship survival hopes with a 2-1 victory over Blackburn.

Danny Graham reached a half century of goals for Blackburn as they comfortably saw off relegation-threatened Wigan. The 33-year-old forward achieved the milestone with the opener.

Che Adams, Teemu Pukki and Billy Sharp have been named as the three players who will contest for the award while a number of other EFL awards and shortlists have been revealed.

TOM FARMERY AT CARROW ROAD: If Norwich fans knew it would end like this then there would never have been any early season angst when it didn’t seem to be going their way.

Throughout the day, Sportsmail will bring you all the latest transfer news from the top flight, the Football League and all across Europe.

Throughout the day, Sportsmail will bring you all the latest transfer news from Premier League, EFL and all across Europe as teams look to reshape and bolster their squad for the next seasons campaign.

Throughout the day, Sportsmail will bring you all the latest transfer news signings and deals from the Premier League, EFL and European clubs during the summer transfer window right here.

Throughout the day, Sportsmail will bring you all the latest transfer news signings and deals from the Premier League, EFL and European clubs during the summer transfer window right here.

Premier League clubs Man United, Liverpool, Man City, Arsenal, Chelsea and the rest continue into day six of summer transfer window as they look to bolster and reshape their squad for next season.