JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on…
Read more Why JPMorgan Chase is prepared to sue the U.S. government over Zelle scamsJustin 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’Dutch digital bank Bunq is plotting re-entry into the U.K. to tap into a “large and underserved” market of some 2.8 million British “digital nomads.” Pavlo Gonchar |…
Read more Dutch neobank Bunq goes on hiring spree, targeting digital nomads, as other fintechs slash jobs“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 IPOAfter nearly three years of underperformance, PayPal is finally on track for positive momentum, according to Bernstein. Analyst Harshita Rawat upgraded shares to outperform, the first upgrade following…
Read more Bernstein analyst finally likes PayPal after correctly staying on sidelines for 3 yearsJim Cramer’s daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Merck : The drugmaker reported a better-than-expected quarter. It raised its…
Read more Jim Cramer: Merck is a buy after the drugmaker’s post-earnings dip — here’s whyNatasha 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 accountsTrustly CEO Johan Tjarnberg. Trustly The boss of Swedish financial technology startup Trustly says an initial public offering for the company is still a year or two away…
Read more BlackRock-backed fintech Trustly says IPO still at least one year out even as profits jump 51%Rohit Chopra, director of the CFPB, testifies during a House Financial Services Committee hearing on June 14, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images The…
Read more CFPB says buy now, pay later firms must comply with U.S. credit card lawsCustomers 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 2024Mathisworks | Digitalvision Vectors | Getty Images Corporate America has a message for Wall Street: It’s serious about cutting costs this year. From toy and cosmetics makers to…
Read more Companies — profitable or not — make 2024 the year of cost cutsSheryl Sandberg, chief operating officer of Facebook Inc. David Paul Morris | Bloomberg | Getty Images Former Meta operating chief Sheryl Sandberg is leaving the company’s board of…
Read more Sheryl Sandberg says she's leaving Meta's boardTwo centuries ago one of the first economists, David Ricardo coined the still famous investment adage “Let your profits run (on).” Makes sense. All else equal, one would…
Read more The 2023 stock winners investors should let ride, sell or hedge in the new yearHere are the biggest calls on Wall Street on Wednesday: TD Cowen names Liberty Formula One a top pick TD said the motorsports company is a top pick…
Read more Here are Wednesday's biggest analyst calls: Tesla, Walmart, Qualcomm, Deere, Robinhood, Shopify & moreCNBC’s Jim Cramer on Tuesday explained why the regional and national banking sector has performed poorly this year. “When we look back at this era of stagnant bank…
Read more Cramer examines why bank stocks performed poorly this year“Buy-now, pay-later” firm Klarna aims to return to profit by summer 2023. Jakub Porzycki | NurPhoto | Getty Images Buy now, pay later firm Klarna has established a…
Read more Klarna, Europe’s $6.7 billion buy now, pay later firm, sets wheels in motion for eventual IPOWhile the stock market reactions may not prove it, Big Tech is four-for-four so far this earnings reporting season. Alphabet Inc. GOOG, -0.03% GOOGL, -0.09%, Amazon.com Inc. AMZN,…
Read more Big Tech earnings have been strong, but Apple is about to answer the thousand-dollar questionChinese and US flags fly outside a hotel during a 2012 U.S. presidential election results event organized by the US embassy in Beijing on November 7, 2012. Ed…
Read more With China playing catchup with the U.S., these 3 charts show the top countries for fintech in 2023The 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 deal
