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 over debit payments…
Read more Justice Department accuses Visa of debit network monopoly that affects price of ‘nearly everything’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 as it looks…
Read more Klarna rival Zilch posts first profit and appoints ex-Aviva CEO to board ahead of IPO“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 in the first…
Read more Buy now, pay later firm Klarna swings to first-half profit ahead of IPONatasha 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 When Natasha Craft…
Read more How thousands of Americans got caught in fintech’s false promise and lost access to bank accountsCustomers shop in a Walmart Supercenter on February 20, 2024 in Hallandale Beach, Florida. Joe Raedle | Getty Images News | Getty Images Walmart’s majority-owned fintech startup One…
Read more Walmart-backed fintech One introduces buy now, pay later as it prepares bigger push into lendingCapital 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 isn’t just about…
Read more Here’s why Capital One is buying Discover in the biggest proposed merger of 2024Jack 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 held at the…
Read more Block shares surge after earnings beat and increased full-year guidanceThe deal, which is subject to regulatory approvals, marks a major push from Airwallex into Latin America. Airwallex Global fintech giant Airwallex on Thursday said it has agreed…
Read more As U.S.-China tensions rumble on, fintech unicorn Airwallex pushes into Latin America with Mexico dealAs equities soared in 2020 and consumers flocked to trading apps like Robinhood, Apple and Goldman Sachs were working on an investing feature that would let consumers buy…
Read more Apple and Goldman were planning stock-trading feature for iPhones until markets turned last yearCathie Wood, CEO of Ark Invest, speaks during an interview on CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, February 27,…
Read more ARK CEO Cathie Wood says she swerved the Arm IPO frenzy. Here’s whyBlock 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 necessarily lived up…
Read more Block’s stock has been a laggard lately. Will management shakeup provide a needed jolt?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 Chase is stepping…
Read more JPMorgan Chase to offer online payroll services as it steps up fight with Square, PayPalSwedish buy now, pay later firm Klarna reduced its losses by roughly 67% in the first half of 2023, as the company dramatically cut costs in a bid…
Read more Buy now, pay later firm Klarna cuts losses in first half but falls short of profitShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Closing Bell: Overtime Eugene Simuni, SVB MoffettNathanson research analyst, joins ‘Closing Bell Overtime’ to discuss…
Read more Cyclical headwinds for Fintech still strong, says MoffettNathanson’s Eugene SimuniWhat is it about CEOs and their intense — and often oddball — workout routines? These days, some top corporate honchos take their exercise rituals to extremes. Consider…
Read more Kite surfing, ice baths and 8-mile morning runs: How some CEOs stay in shapeChoosing 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 mortgage rates, record…
Read more Rent or buy? Here’s how to make that decision in the current real estate marketIn a press conference on Thursday afternoon, San Francisco District Attorney Brooke Jenkins confirmed that an arrest has been made in the April 4 fatal stabbing of Cash…
Read more Arrest made in stabbing death of Cash App founder Bob Lee, men reportedly knew each otherThe San Francisco Police Department on Thursday arrested Nima Momeni, 38, of Emeryville, Calif., for allegedly stabbing to death tech executive Bob Lee. Mission Local, an independent local…
Read more Arrest in Cash App creator Bob Lee’s killing; tech exec Nima Momeni charged with murderA general view of Micron Technology’s building in Singapore, June 23, 2020. Micron Gcm Studio | Reuters Check out the companies making headlines in midday trading Monday. Block…
Read more Stocks making the biggest moves midday: Micron, Pioneer Natural Resources, Block, AMC and moreA growing list of headwinds is beginning to signal worry for Jack Dorsey’s Block , according to KBW. The firm downgraded Block to market perform from outperform, citing…
Read more KBW downgrades this payments stock with ‘small risks starting to add up’
