NEW YORK (Reuters) - Robinhood Markets Inc, the fintech startup credited with helping popularize trading with millennials, said on Thursday it resolved an issue that had caused a “major outage” on its platform earlier in the day. “Our systems have been fully restored and our app and web platforms are now functional. We apologize for the trouble and appreciate your patience as we worked to resolve this,” the company said on Twitter. Robinhood, based in Menlo Park, California, has experienced...

(Reuters) - Robinhood Markets Inc, the fintech startup that introduced millions of millennials to equities, options and crypto trading, greets visitors to its website with the motto, “It’s Time to Do Money.” But on Monday, many of the firm’s 10 million users found it difficult to “Do Money” in a timely way after the third outage of Robinhood’s trading platform in a week amid an extended spike in market volatility over coronavirus concerns. “So much for trying to invest for the first time....

NEW YORK, June 21 (Reuters) - A long-awaited report from the U.S. Treasury Department on financial technology will make wide-ranging recommendations about how to modernize regulation at the federal and state levels to promote innovation in financial services, a senior U.S. official said on Thursday. The report, which is expected to be released in the coming weeks, will be the fourth and final in a series the Treasury was tasked with completing as part of an executive order from President...

NEW YORK (Reuters) - Large investors looking to diversify beyond stocks and traditional fixed income will soon be able to trade assets tied to insurance liabilities covering potentially everything from hurricanes to floods and even cyber attacks. Extraordinary Re, a startup focused on the reinsurance industry, plans to launch a new trading platform run by exchange operator Nasdaq Inc (NDAQ.O) this summer that will let institutional investors buy and sell exposure to insurance risk, the...