Block Inc – ReportWire

Justice Department accuses Visa of debit network monopoly that affects price of ‘nearly everything’

[ad_1] Justin Sullivan | etty Images The U.S. Justice Department on Tuesday sued Visa, the world’s biggest payments network, saying it propped up an illegal monopoly...

Banking8 months ago

Klarna rival Zilch posts first profit and appoints ex-Aviva CEO to board ahead of IPO

[ad_1] Zilch CEO Phil Belamant. Zilch British financial technology firm Zilch on Tuesday reported its first-ever month of profit, marking a key milestone for the company...

Banking8 months ago

Buy now, pay later firm Klarna swings to first-half profit ahead of IPO

[ad_1] “Buy-now, pay-later” firm Klarna aims to return to profit by summer 2023. Jakub Porzycki | NurPhoto | Getty Images Klarna said it posted a profit...

Banking10 months ago

How thousands of Americans got caught in fintech’s false promise and lost access to bank accounts

[ad_1] Natasha Craft, a 25-year-old FedEx driver from Mishawaka, Indiana. She has been locked out of her Yotta banking account since May 11. Courtesy: Natasha Craft...

Banking12 months ago

Walmart-backed fintech One introduces buy now, pay later as it prepares bigger push into lending

[ad_1] Customers shop in a Walmart Supercenter on February 20, 2024 in Hallandale Beach, Florida. Joe Raedle | Getty Images News | Getty Images Walmart’s majority-owned...

Banking1 year ago

Here’s why Capital One is buying Discover in the biggest proposed merger of 2024

[ad_1] Capital One CEO and Chairman, Richard Fairbank. Marvin Joseph| The Washington Post | Getty Images Capital One’s recently announced $35.3 billion acquisition of Discover Financial...

Business1 year ago

Block shares surge after earnings beat and increased full-year guidance

[ad_1] Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square arrives on stage at the Bitcoin 2021 Convention, a crypto-currency conference...

Banking1 year ago

As U.S.-China tensions rumble on, fintech unicorn Airwallex pushes into Latin America with Mexico deal

[ad_1] The deal, which is subject to regulatory approvals, marks a major push from Airwallex into Latin America. Airwallex Global fintech giant Airwallex on Thursday said...

World News2 years ago

Apple and Goldman were planning stock-trading feature for iPhones until markets turned last year

[ad_1] As equities soared in 2020 and consumers flocked to trading apps like Robinhood, Apple and Goldman Sachs were working on an investing feature that would...

Business2 years ago

ARK CEO Cathie Wood says she swerved the Arm IPO frenzy. Here’s why

[ad_1] Cathie Wood, CEO of Ark Invest, speaks during an interview on CNBC on the floor of the New York Stock Exchange (NYSE) in New York...

Breaking News2 years ago

Block’s stock has been a laggard lately. Will management shakeup provide a needed jolt?

[ad_1] Block Inc.’s stock has been a sizable laggard this year, and now it’s losing the leader of a critical business — albeit one that hasn’t...

Banking2 years ago

JPMorgan Chase to offer online payroll services as it steps up fight with Square, PayPal

[ad_1] Co-founders Eddie Kim, Josh Reeves, and Tomer London of fintech startup Gusto, which handles payroll services for small businesses. Courtesy: Kelly Boynton | Gusto JPMorgan...

World News2 years ago

Buy now, pay later firm Klarna cuts losses in first half but falls short of profit

[ad_1] Swedish buy now, pay later firm Klarna reduced its losses by roughly 67% in the first half of 2023, as the company dramatically cut costs...

Banking2 years ago

Cyclical headwinds for Fintech still strong, says MoffettNathanson’s Eugene Simuni

[ad_1] ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Closing Bell: Overtime Eugene Simuni, SVB MoffettNathanson research analyst, joins ‘Closing Bell...

Breaking News2 years ago

Kite surfing, ice baths and 8-mile morning runs: How some CEOs stay in shape

[ad_1] What is it about CEOs and their intense — and often oddball — workout routines? These days, some top corporate honchos take their exercise rituals...

Business2 years ago

Rent or buy? Here’s how to make that decision in the current real estate market

[ad_1] Choosing whether to rent or buy has never been a simple decision — and this ever-changing housing market isn’t making it any easier. With surging...

World News2 years ago

Arrest made in stabbing death of Cash App founder Bob Lee, men reportedly knew each other

[ad_1] In a press conference on Thursday afternoon, San Francisco District Attorney Brooke Jenkins confirmed that an arrest has been made in the April 4 fatal...

Breaking News2 years ago

Arrest in Cash App creator Bob Lee’s killing; tech exec Nima Momeni charged with murder

[ad_1] The San Francisco Police Department on Thursday arrested Nima Momeni, 38, of Emeryville, Calif., for allegedly stabbing to death tech executive Bob Lee. Mission Local,...

Business2 years ago

Stocks making the biggest moves midday: Micron, Pioneer Natural Resources, Block, AMC and more

[ad_1] A general view of Micron Technology’s building in Singapore, June 23, 2020. Micron Gcm Studio | Reuters Check out the companies making headlines in midday...

Business2 years ago

KBW downgrades this payments stock with ‘small risks starting to add up’

[ad_1] A growing list of headwinds is beginning to signal worry for Jack Dorsey’s Block , according to KBW. The firm downgraded Block to market perform...